diff --git "a/reddit_finance_43_250k_399.txt" "b/reddit_finance_43_250k_399.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_399.txt" @@ -0,0 +1,10000 @@ + +Estate tax is the main consideration that I think would affect this right? +For those of you that are child free (single or not), what’s your plan for when you reach the point in age where it’s highly likely that you start experiencing serious mental/physical decline? + +At what age should you start seriously vetting fiduciaries that specialize in this specifically and not just general financial planning? Where would you start? +CHECK YOUR CREDIT REPORTS! + +I have bad credit. I know I have bad credit. It's all old stuff, about 6-8 years old. I never cared to check my credit report because I didn't care to see all the bad. + +I recently got a credit card, so I knew some of the bad stuff was starting to drop off. Today, I pulled all three reports so that I could see what's still there and whatnot. The first thing I noticed was a weird address. It's in a state I've never even been to. I noted that so I could have it removed, and read on. I then noticed a Verizon account that was opened in 6/2014. I don't have Verizon! No payments were ever made. It was sent to collections in 12/2014 with a balance of $2334. + +I called Verizon, gave my social, and was able to verify that the strange address is the address on that account, and obtained the phone numbers on the account, as well as some other information. Unfortunately they could not give me the email on the account, only that there is one, and it is not the one I gave the lady over the phone today. After speaking with their fraud department, I was told to file a police report for identity theft and email it to them. + +The moral: Check your credit reports! Knowing I had/have bad credit, I never would have thought I'd be a victim of identity theft! + + +**Edit- This seems to be getting quite a bit of attention! Hopefully this will inspire some people to check their reports! I know I'll be taking some of the advice here and will sign up for some sort of monitoring service.** + +To answer some "frequently asked questions:" + +-The account was opened with my SSN, an address in another state that I have zero relation to, and my maiden name. I was married and have since divorced, but haven't changed my name *back* to my maiden name yet, so it hasn't been my legal name for around 8 years or so. + +-I don't know how my SSN and name were obtained. The only thing I can think of is that there was a data breach in South Carolina (where I live) involving tax payers' SSNs a few years back. They did offer free credit monitoring, but I don't think I ever signed up for it because I'm a slacker and didn't really care much about my credit because it was already so bad. + +-I will be heading to the local police department tomorrow to file a police report and will also follow the steps with the FTC to get whatever identify theft documentation they provide. + +-They did not provide the email address on the account because their policy is to not freely give out the information, only to verify whether what you tell them is correct or not. I provided my email, but it was not correct. I understand the policy is to protect people from scammers who have some info trying to fill in blanks, and can appreciate that someone with my social can't get my street address, for example. At the same time, I'd love the info, so their policy sucks! :P + +-I will go through Verizon's motions first and hope for success. If they don't fix it within a reasonable amount of time, I'll probably not get a lawyer (remember, I'm a slacker) and will just keep calling and complaining. + +-I will also dispute this debt with the credit companies. I will also request that the out-of-state address is removed from my credit report. + +Thank you all for your advice and support! If I missed something, feel free to comment; I'm trying to read everything! + + + +I thought about posting the link, but I can understand it's banned to avoid (un)willing fearmongering. + +Cassandra Capital just published an article that is now top on Hacker News. What are this subs comments on this? + +EDIT: I too, think the article is too sensational and doesn't appear to be very well researched. I mainly posted it because it was on top of Hacker News. Despite this, is the main point reasonable (ignoring how good the author's arguments may be)? +Hi everyone, I'm a long-time lurker and occasional low-effort commenter :-). I've been reading the back and forth about house prices. At the same time, there is a lot of talk about inflation and I've just come from watching EE's youtube video on hyperinflation. + +This seemingly contradictory story has got a non-finance person (me) completely confused. Is stuff like houses radically overpriced, or is it as EE suggests, people shorting cash? + +Basically, if this was the 80s, should I borrow money to buy Beanie Babies, or sell my massive collection? + +&#x200B; + +EDIT: Thanks everyone for some great points and discussion. I think that I've learned a bit about what inflation is and is not. + +PS: diversify into Cabbage Patch Dolls, not just Beanies. +I've been holding a good amount since early Feb, averaged around $60. I work and go to school full-time, so I decided to step away from the media (of all kinds) relating to GME. I've gotten so burdened at times I've completely forgotten I've even had GME in the first place. Truest 🦍 + +I came back, only to see something called a DRS and some fancy delicious lookin purple ring everybody's seems to be talking about. 🟣 + +I transferred all my shares from Webull, Public, and SoFi to TDA this summer. Am I still good with TDA? +Just got off the phone with a very friendly but ultimately useless young chap at Sky who informed me that I couldn't access mining.bitcoin.cz as it and many other bitcoin-related sites have been blocked (and will be staying that way) in order "to prevent illegal activity, and comply with court orders" + + +I do not have the words... + + +*Edit: I live in the UK, though possibly not for much longer if this sort of thing keeps up* + +*DoubleEdit: Seems to be working ok now. My guess is that either they switched the filter on on our account for shits and giggles, or the site was blocked by accident and they've now fixed it.* +Earlier today a two-part post was made describing (in pictures lol) that the OTC ticker AABB was a scam, causing a massive selloff. At the same time these posts were made, 10-15 bear accounts raided the StockTwits message board spreading the same fear in a clearly coordinated and planned attack. + +Once the stock found a bottom, buy activity commenced, the bears vanished, and the reddit scam posts were removed. + +Reddit was taken advantage of, yet again, by the market makers and hedge funds causing many redditors to sell in panic and lose their money. + +I want to provide some counter points to the scam article, to explain a) why I believe this company is not a scam and b) why I believe this company is a solid investment. + +* They have fabricated financials and history. - NOT TRUE + +https://backend.otcmarkets.com/otcapi/company/financial-report/263765/content - September 2020 filings. Notice the securities counsel attesting to the validity of the filings. + +Securities Counsel + +Firm: Poole & Shaffery LLP +& Economics +Co. Ltd. +Asia Broadband Inc. - Quarterly Disclosure September 30, 2020 Page 21 of 22 +Address 1: 25350 Magic Mountain Parkway +Address 2: Santa Clarita, CA 91355 +Phone: (855) 997-7522 +Email: info@ pooleshaffery.com + +https://www.pooleshaffery.com/ - NOT A FAKE LAW FIRM, IN FACT QUITE REPUTABLE. + +Seems the are current actually, expect to see Q4 financials soon. Early in the history they reported losses - scammers reporting losses? makes no sense. + +* Why would a scam company commit publicly to an audit of all financials for uplist to OTCQB - if they in fact were a scam with fraudulent books? + +Public commitment PR: https://www.globenewswire.com/news-release/2021/02/04/2169953/0/en/Asia-Broadband-Updates-Auditor-Status-For-Uplist-Qualification.html + +Engaged firm https://www.turnerstone.com/ - NOT A FAKE ACCOUNTING FIRM, IN FACT QUITE REPUTABLE + +* The leadership team doesn't exist, fake people. Enter James Gilbert. + +https://www.linkedin.com/in/james-gilbert-btresourcesllc/ - speaks spanish, accomplished mining executive, wharton grad, currently a mining consultant "Providing strategy, management and financing/transaction consulting services to the mining and metals industry." + +Why is he not out there publicly? They mine in cartel territory in mexico, so leadership and the company wants to remain a bit closed lip to protect the privacy and safety of the team. Additionally, Chinese businesses are notoriously private. Do some DD here and you will see what is going on plain as day. IR company has stated exactly this to investors asking for access to leadership. (BTW Integrity Media is the IR firm http://www.integritymedia.com/ - NOT A FAKE IR FIRM, IN FACT QUITE REPUTABLE) + +* Stock photos/mine locations etc... + +This is a MINING company that has a crappy website - it's not uncommon for pennies to not have the greatest web presence, but it's ok bc they are MINING not web development. They have ack'd this and are in the process of fixing their web presence and the aabbgoldtoken.com website and asiametals. + +* They have no mines, it's all bullshit. - NOT TRUE + +PR: https://www.globenewswire.com/news-release/2021/01/14/2158624/0/en/AABB-Asia-Metals-Completes-82-Million-Sale-Of-Guerrero-Gold-Belt-Mine-And-Facilities-In-Mexico-To-Joint-Venture-Partner.html + +Corroborated by Mexican m&a activity report from another reputable investment bank - Seale and Associates on M&A activity in mexico. https://www.sealeassociates.com/ + +http://webcache.googleusercontent.com/search?q=cache:dTLBRe8j6xsJ:mnamexico.com/wp-content/uploads/2021/02/Reporte-Mensual-01-2021-ENG.pdf+&cd=2&hl=en&ct=clnk&gl=us + +>"Qiangda Investments & Economics & Co.,Ltd., a Chinese holding company that focuseson the mining sector, announced the >acquisition of an additional 50.0% stake in theGuerrero Gold Belt Mine and Facilities inMexico from Asia Metals Inc., an >Americanmining company, for US$82.0 million" + +* The coin is fake - there is no app. - NOT TRUE + +https://etherscan.io/address/0xb8635f02398f27297a58b2833e06bfb987b028d8 - the AABBG coin, note the testing transactions from yesterday per the PR from AABB in conjunction with CoreStateHoldings - the developer. + +https://www.globenewswire.com/news-release/2021/02/23/2180436/0/en/Asia-Broadband-Gold-Backed-Cryptocurrency-Token-Development-Update.html + +* Corestateholdings is fake or scammers. - NOT TRUE + +Really? +https://ptpwallet.com/ looks pretty legit. Ptpwallet is on android and ios. +They run https://cannasos.com/ - looks pretty legit. + +I don't see how you can call these guys fake- they looks like a development shop that would be contracted to help a miner launch crpyto. the coin is also proven real. + +* The coin isn't backed by gold - MISLEADING + +In an attempt to be transparent the company has listed the legal disclaimer with the coin - including language that says in effect the coin is not backed by hard assets or credit. This means that you cannot redeem the coin for gold (they won't send it to you) and you can't get FIAT credit for your token from AABB. This doesn't mean though that the currency is not itself backed by gold reserves already mined and to be mined. It just covers the legal stance that AABB isn't going to mail you gold if you buy the token. Seems pretty standard legalese to me. BTW bitcoin doesn't have similar disclosures, would love to see that transparency.... + +There is more DD we can get into here, but the core arguments made is that this company is a giant scam, and the evidence, corroboration disproves that thesis pretty substantially. + +The level of felony conspiracy and coordinated, flawless scam execution across multiple companies, law firms, IR firms, accounting firms with reputation on the line at this stage in the game is laughable if not tactically impossible to pull off. + +AABB has money, gold, increasing awareness, and many upcoming catalysts including audit/uplist, coin launch, future mine development, shareholder dividend prospects etc... where they lack in easily accessible transparency is made up in potential for giant gains here. + +Turns out, AABB looks as real as it gets in OTC land. Those who invested should do so knowing there is always risk, and do their own DD. Just don't get played so easily. + +Cheers. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [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 + +# 🟣 [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! +I had promised myself that when Couche Tard and or Dollarama missed earnings and pulled back I'd pick them up. + +Loaded up on Couche Tard months ago and made out like a bandit. In Dollarama now (~25% portfolio allocation) at $40.50. + +Let's get the facts out of the way. + +1. It's still an expensive stock. It always has been and it will continue to be. I see Motley Fool authors saying "Don't buy, it's priced as a growth stock!" It is and it isn't. It's a stock that offers growth AND is counter-cyclic and recession accelerative... That's the holy grail. It's priced at 22x FY 2019 earnings. Yeah that's expensive, but it's not insane by any means. Loblaws and Canadian Tire are at 15x without all the benefits Dollarama offers. + +2. They're the best dollar store operator in the world. There's still room to build out in Canada and it's a model they can scale globally. Compare Dollarama's ROIC to Dollar Tree and Dollar General in the states... It's WAY higher. That's not a fluke. They're amazing at controlling costs. So would we rather buy Dollarama at 22x or Dollar Tree/General at 17x, keeping in mind the Canadian economy is weaker and the Canadian consumer is debt burdoned (both boons to Dollarama). + +To me it looks like the sky's not falling. If SHTF in the global economy it will benefit Dollarama. It trades at a reasonable multiple now... They have room to grow. Are you buying? Why or why not. +I was wondering which Dividend Growth stocks you guys are currently interested in. Any favorites? + +Most important metrics are a wide moat (difficult to replace business model, or company which creates recurring revenue streams), growing cash flows, and of course, growing dividends. I have the following ones on my buy list and always looking to add more: + +* Metro (MRU) +* Toromont Industries (TIH) +* OpenText (OTEX) +* Telus (T) +* Cargojet (CJT) +* Fortis (FTS) + +**Current holdings:** + +* TD Bank (TD) +* Emera (EMA) +* Enbridge (ENB) +* Bell Canada (BCE) +* Waste Connections (WCN) +* Alimentation Couche Tard (ATD.B) +* Canadian National Railway (CNR) +* Brookfield Infrastructure (BIP.UN) +* Brookfield Asset Management (BAM.A) +* iShares REIT ETF (XRE) +* iShares Global Ex-Canada ETF (XAW) - In the RRSP, other holdings above are in TFSA. +Like the title says, I am overwhelmed being new to investing in stocks. When the market dipped I invested in IMO because it was dirt cheap. I had no idea what I was doing, but made some money. But now I want to build an actual portfolio. I've never had anyone teach me about stocks. I have been trying to watch youtube videos, I bought the intelligent investor, but even that seems a bit tricky to comprehend. Like I am reading a little too head of my knowledge. I am only about three chapters in, but need to google a lot of terms. I don't know if there is an easier place to begin. I am hoping for some advice on the basics. I try to follow along in the comments but it's hard to learn and then I get stressed and panic. I don't know how to break down a stock to see if its worth buying or anything. If anyone can push me in the right direction to learn the basics and get the tools on financing just so I'm not so stressed I would be greatly appreciated. I am 29 year old male, hoping to save for a house. And would just like to hopefully use my money smarter to achieve that goal. +Like the title says, I am overwhelmed being new to investing in stocks. When the market dipped I invested in IMO because it was dirt cheap. I had no idea what I was doing, but made some money. But now I want to build an actual portfolio. I've never had anyone teach me about stocks. I have been trying to watch youtube videos, I bought the intelligent investor, but even that seems a bit tricky to comprehend. Like I am reading a little too head of my knowledge. I am only about three chapters in, but need to google a lot of terms. I don't know if there is an easier place to begin. I am hoping for some advice on the basics. I try to follow along in the comments but it's hard to learn and then I get stressed and panic. I don't know how to break down a stock to see if its worth buying or anything. If anyone can push me in the right direction to learn the basics and get the tools on financing just so I'm not so stressed I would be greatly appreciated. I am 29 year old male, hoping to save for a house. And would just like to hopefully use my money smarter to achieve that goal. +Been speculating too much lately and I want more stability in my TFSA. This month I think I’m just going to get 15 shares of RY or something like this. Or, you know, VEQT. + +On the other hand, I’m just getting started and I have a 25-30 year horizon, so maybe I’ll average down on GDNP. 😂 +That Texas storm really knocked this company out, that's for sure... + +**Following Unprecedented Winter Storm in Texas, Just Energy Files for Relief Under CCAA in Canada and Chapter 15 in U.S. and Has Arranged US$125 Million Debtor in Possession Financing** + +https://www.globenewswire.com/news-release/2021/03/09/2189779/0/en/Following-Unprecedented-Winter-Storm-in-Texas-Just-Energy-Files-for-Relief-Under-CCAA-in-Canada-and-Chapter-15-in-U-S-and-Has-Arranged-US-125-Million-Debtor-in-Possession-Financing.html +Yeah, bit sad innit? Moral of the story: don't use door dash if you have no self control. You don't even realize how much you spend until it's too late. Currently trying to find cheaper meals to eat. My main struggle has been not wanting to eat the same food all the time, however I always become unmotivated by the seemingly large amounts of ingredients required to sustain new food every night or so. Not to mention I don't have the greatest cooking skills either. Any suggestions? +Hi Everybody- 30M and NW around $1.4M. I have deferred income since 2015 but the last few years I have contributed larger amounts. My employer matches also matches 10% with no limit so this year I will stash away over $150K. The funds are invested (50% total market index Fidelity Spartan, 25% Vanguard SP500, 10% Vanguard Real Estate, 10% Vanguard mid size, and 5% bond). Would you consider changing this profile based on likely tenure with the company? For example if i'll likely stay at my company for 5-10 years I wouldn't change anything. However, if I am leaving in the next 1-2 years, part of me wonders if I should take the market gains (right now over $55K in market gains and employer match, soon to be nearly $70K after match for this year). The difference with this and regular investing is I must take all of the funds out of the market immediately after quitting. I can push the payments back, so I could schedule multiple payments every 12 months after quitting but I am concerned with doing that and what happens if the company goes under. Obviously, that would be ideal for taxes though. + +Pros: + +* I automatically save 33% of my income this year (forces whatever saving % you set up year prior) +* money is not taxed until you take it out +* 10% match with no limit +* can lower tax brackets +* could reduce tax burden with multiple pay outs + +Cons: + +* If company goes under I would get nothing +* Large payment within 60 days of quitting (killed on taxes but already in highest bracket anyway) +* I could also push this back and have multiple payments over 2, 3, 4, or 5 years. +* Money must leave the market based on when I quit my job not when I decide + +How would you approach the investments based on likely tenure with the company? Anything else you would consider? Am I overthinking this? +Let's assume that you would have the option to look at the order book of your favourite stock (in crypto this is not meaningless, because if you pick up a very high volume exanger, chance that that order book ''influences'' the market they are high) well how would you see if there is a strong support or a strong resistence at some level in the orderbook? + +&#x200B; + +Let's assume that the price of a stock is currently at 5$ and in the order book there is a buy order of 200k stocks at the price of 4$, does this mean that 4$ is a strong support area, or could those orders be ''fake'' just to trick the retail to thin that there is support when in reality there is not and it is just one single market maker trying to trick retailers? + +How do you distinguish between---> one single market maker with 200k stocks trying to trick the retailers that 4$ is the support, from **many** market partecipants which they think that 4$ is the support? +Hi guys, + +Is there a python project that can copy trades from one binance account to another or even better to another exchange? +Assuming that i've API keys for both accounts. + +Thanks in advance! +The realization that the successful strategy you developed and thoroughly backtested suffers from future leak because of one line of code is gut-wrenching +Hey everyone! + +I would like to ask the community what you think about my plan on learning how to write my own algorithms. + +First shortly about myself: I have an MSc in finance and have been trading with a top-down approach using leading indicators for a couple of years now. So I have some understanding of financial indicators, technical analysis and the stock market in general. I also have a lot of ideas which are obviously impossible to test without the knowledge of a programming language. + +Why I want to learn programming: The main poing would be to get help from a computer on investment decisions, backtest ideas and let an algorithm do the background trading. + +My programming experience: none. + +My plan so far: This is where I need your help to let me know if it a good plan or if there is a better way to learn it. + +1. I chose Python as a programming language. +2. As a starter I decided to do this free MIT course to get a glimpse of how python works and what I can do with it: "Introduction to Computer Science and Programming in Python". I am currently on lecture 5. + +Course Syllabus: + +Course Information +6.0001 Introduction to Computer Science and Programming in Python is intended for students with little or no programming experience. It aims to provide students with an understanding of the role computation can play in solving problems and to help students, regardless of their major, feel justifiably confident of their ability to write small programs that allow them to accomplish useful goals. The class will use the Python 3.5 programming language. + +This is a half-semester course. Students who successfully complete 6.0001 may continue into 6.0002 Introduction to Computational Thinking and Data Science, which is taught in the second half of the semester. + +Goals +Provide an understanding of the role computation can play in solving problems. +Help students, including those who do not plan to major in Computer Science and Electrical Engineering, feel confident of their ability to write small programs that allow them to accomplish useful goals. +Position students so that they can compete for research projects and excel in subjects with programming components. + +3. The platform I chose to use is Quantconnect. My plan would be to test some algorithms there and to get some practical experience before putting some money on something like InteractiveBrokers. + +4. After I finish the MIT course I was thinking to do the QuantConnect tutorials and then just get started. + +What do you think? + +Edit: I have also purchased this course from stackskills: https://stackskills.com/p/python-complete/?utm_campaign=purchase_notification&utm_medium=email&utm_source=student_mailer + +There is too much information in the wiki, and the faq is about strategies and backtesting data. I just want to know where to start to have a bot trading for me. + +I have a working strategy in tradingview and I wish to translate it to a bot. + +I know php and some python. Writing code should not be a problem. But where do I go from here? I've noticed that there are some services online where you can code your bot and have it run for X a month. Is that the best way to do it or should I have my code running on a vps? + +Thank you. +I am trying to build trading systems but I need access to nasdaq level 1 and 2. I am doing this with a business partner, but we haven't formed a formal company. + +We don't want to spend more than $200/mo if possible while we are in R&D on real time data streams. Is this possible? Do any data vendors work with individuals or start ups? + + +https://www.bloomberg.com/amp/news/articles/2020-09-14/sec-to-examine-nikola-nkla-over-short-seller-s-fraud-allegations + +Popcorn time! + +> The U.S. Securities and Exchange Commission is examining Nikola Corp. to assess the merits of a short-seller’s allegations that the electric-truck maker deceived investors about its business prospects, according to people familiar with the matter, Bloomberg News reports. + +> In a Sept. 10 report that has captured Wall Street’s attention, Hindenburg Research called Nikola an “intricate fraud” that, among other allegations, overstated the capabilities of its earliest test trucks. Nikola has pushed back, accusing the short seller of making misleading statements that were designed to manipulate its shares. +**This is assuming none of the other variables kick in first, inflation, bad job market, supply issues, stretched equity valuations, Covid crap, Russia Ukraine thing or Robin Hood collapsing... the list goes on right...** + +**The only reason the FED is finally talking about raising rates is because inflation is starting to become really really bad. The truth is... there is too much DEBT out there and raising rates will be the final nail in the coffin... Once Rates Start to Rise the entire Global Fixed Income Market will crash like never before.** + +**My argument is that the loss of value in fixed assets is going to be worse than the actual stress of a .25% raise on a small business - They seem to miss this point.** + +**Part 1: Covers liquidity risks in the fixed income markers in general** [**https://www.reddit.com/r/Superstonk/comments/s7ndpb/the\_big\_liquidity\_issues\_in\_the\_fixed\_income/**](https://www.reddit.com/r/Superstonk/comments/s7ndpb/the_big_liquidity_issues_in_the_fixed_income/) + +**Part 2: Covers Treasuries and FED balance sheet** + +[**https://www.reddit.com/r/Superstonk/comments/sg0nty/i\_believe\_us\_treasury\_bonds\_are\_dogshit\_wrapped/**](https://www.reddit.com/r/Superstonk/comments/sg0nty/i_believe_us_treasury_bonds_are_dogshit_wrapped/) + +Remember when rates rise... bonds go down in value... we are too focussed on the index's but the fixed world is much much bigger... + +[https:\/\/www.finra.org\/investors\/learn-to-invest\/types-investments\/bonds\/bonds-and-interest-rates](https://preview.redd.it/sj8eqp5h5ff81.png?width=2048&format=png&auto=webp&s=9aac05e0366d5becf76463c5147c725c44e0a526) + + +Investment in fixed income securities **typically decrease in value** when interest rates rise. This risk is usually greater for longer-term securities. + +In 2020, U.S. long-term fixed income issuance reached $12.2 trillion, a 48.1% increase from the previous year. Mortgage-backed securities issuance increased by 96.2% to $4.0 trillion, followed by corporate bonds (+60.4% to $2.3 trillion) and Treasury securities (+32.7% to $3.9 trillion). U.S. long-term municipal bond issuance increased 13.6% to $484.5 billion, while federal agency securities increased 26.5% to $1.3 trillion. Asset-backed securities issuance volume fell 30.0% to $304.3 billion. + +source: [https://www.sifma.org/resources/research/fact-book/](https://www.sifma.org/resources/research/fact-book/) + +[Yeh... Fixed is way bigger than Stonks...](https://preview.redd.it/17w478ek3ff81.png?width=1292&format=png&auto=webp&s=6e5686aff1f4a999c55121a2a4129a1a9a16d152) + +The issuance is crazy and we are at the end of a 40 year bond bull market that is coming to and end. + +[Total Fixed market is $119Trillion lol... ](https://preview.redd.it/yc4667wf7ff81.png?width=1420&format=png&auto=webp&s=abb3f8b84d124489a684a76c7ebbb8bfbf72163b) + +This IBD Piece talks about 13 U.S COMPANIES with $1 trillion in cash. + +[https:\/\/www.investors.com\/etfs-and-funds\/sectors\/sp500-companies-stockpile-1-trillion-cash-investors-want-it\/](https://preview.redd.it/zw133yax5ff81.png?width=1602&format=png&auto=webp&s=e14c3c2b7d0725565e7515652f51efdd4eb3d0c1) + +As posted above, corporate debt issued last year was $2.5 trillion. **So if you took all the cash out there, and all the bonds - theres no way these large U.S companies can pay all that DEBT back.** And the greedy bankers just printed bonds for years and years and years (Looking at you Evergrande). + +[https:\/\/www.rbcwealthmanagement.com\/en-us\/insights\/is-the-us-corporate-debt-mountain-something-to-worry-about#:\~:text=Add&#37;20it&#37;20all&#37;20up&#37;20and,according&#37;20to&#37;20Federal&#37;20Reserve&#37;20data.](https://preview.redd.it/rnl0kbdo6ff81.png?width=1408&format=png&auto=webp&s=d5893c71b35ca57eb7d864229458e2fa3c265f2e) + +Once the FED raises rates, the price of bonds will have to come down. This will effect every Fixed asset out there. The FED would rather have crazy high inflation than raise rates. The accounts will lose value and marge will call. + +**TLDR: Raising rates will be the final nail in the coffin if MOASS has not started by then.** + +P.S Financial Advisors are too retarded to realize that a 50/50 stock bond pf had a 7% annualized return because of this - 50/50 bond/stock portfolios are going to be toiler paper going forward and it makes the whole DTCC business sort of worthless. The FED loses power as their treasuries are not worth shit. + +$1,000,000 at 1.78% is $17,800 a year - for $1million invested, and they havn't been hit yet. + +[The Bond Market Rally is over....](https://preview.redd.it/onmu7baa8ff81.png?width=1742&format=png&auto=webp&s=9e48f4cdf5d4cc18f25644af75909468dcb01f45) + +MOASS incoming... Make sure to DRS!!! NOT FA \_ +As above, I just sold my summer sports car that I rarely use, I've owned it for years, but now I got 20k to drop somewhere. Can someone who knows more than me give me some advice? Currently own 3.5 ETH +I have a weird feeling that theres some malevolent group of individuals, (maybe it's more like a few people controlling a BUNCH of accounts), who are systematically downvoting all positive/ constructive posts here, while simultaneously upvoting all the inflamatory and shock-value posts. Almost as if it's someones' goal to ruin the former positive/constructive nature of this sub. + +Am I the only one who feels this way? +I was wondering what benefits besides being a DEX and occasional token drops and whether they're actually worth using for the average user, although the reasons might be relative I'm curious to what people think when compared to a CEX? + +For example, I had some ETH in my metamask account and attempted to buy some USDC to interact with PoolTogether, currently [UNISWAP ](https://uniswap.org/)offers a 40$ fee whereas [1INCH ](https://1inch.exchange/)offers lesser fees which cost around 20$ after unlocking, Hence making 1 inch my preferred DEX + + +However, I could do the same thing on a CEX like binance or Coinbase for less than 1% of that fee. +So besides the increased fees for trading, what are the privileges of using a DEX and which one do you prefer? + + +[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!* +There’s far too much tribalism in crypto. People should have a sense of humor and be able to laugh at themselves and the coins they support. So I thought it’d be fun to start some more light-hearted shit talk about each coin and their holders. As a disclaimer, all of the coins I personally own are included in the list below, so not just trying to slam coins I don't support. + +You all are probably funnier than me, so add your smack talk in the comments. + +&#x200B; + +|Crypto|Why it sucks| +|:-|:-| +|Bitcoin|The God you worship named Satoshi is so ashamed of his creation that he refuses to reveal his true identity| +|Ethereum|More like E**fee**reum, amirite?!| +|Tether|Trust us guys this coin totally isn’t a sham and is 100% backed by USD. Don’t worry we audited ourselves to confirm this completely true fact so obviously there’s no need to ask any further questions| +|Nano|That kid in school who thinks everyone hates him because he’s smarter than everyone else, but in reality he’s just really fucking annoying| +|Uniswap|People who think unicorns are cool are the same people who consistently talk about their patronus animal in casual conversations| +|Cardano|We’re a smart contract platform that doesn’t have smart contracts!| +|Polkadot|We chose a cute name like Polkadot so when this project inevitably fails it’ll still retain some value as a meme shitcoin| +|Ripple|plz be gentle daddy SEC| +|Theta Coin|Still trying to decide who’s crazier, people who believe in Theta coin or the scientologists who believe in literal Thetans| +|Litecoin|Lite on the use-cases, light on any feature development, lite on any logical reason for you to own this shitcoin| +|Stellar|We’re so cool that even our logo a rocket ship! It literally can’t go tits up!| +|Dogecoin|Owners are too stupid to realize Elon is mocking them and getting off on playing puppet master with their wallets| +|Algorand|Have you accepted Silvio Micali, MIT professor and winner of a Turing award, as your lord and savior?| +|Bitcoin SV|A great cryptocurrency, all-around solid| + +&#x200B; + +Edit: Some additional ones I've been posting in the comments + +|Crypto|Why it sucks| +|:-|:-| +|BAT|Users so desperate for crypto they get excited to watch ads for pennies| +|XMR|Privacy doesn't matter since no one cares about you or what you do with your whopping 0.22 XMR| +|Moons|The crypto Redditors pray gains value so they can rationalize shitposting all day.| +|NEO|The project that wanted to kill Ethereum, but settled for killing the financial wellbeing of all its investors instead| +|VeChain|You either die a shitcoin, or shill long enough to see yourself become like VeChain| +|Hedera Hashgraph|Holders think it's the Facebook to Bitcoin's Myspace, when really it's just the Google+| +|Tron|Can't decide between a shitcoin joke, a egomaniac founder joke, or a shill joke| + +&#x200B; +* **Carvana is laying off about 1,500 people, or 8% of its workforce, following a freefall in the company’s stock this year and concerns around its long-term trajectory.** +* **The email from Carvana CEO Ernie Garcia cites economic headwinds including higher financing costs and delayed car purchasing.** +* **He says the company “failed to accurately predict how this would all play out and the impact it would have on our business.”** + +The email from Carvana CEO Ernie Garcia, titled “Today is a hard day,” cites economic headwinds including higher financing costs and delayed car purchasing. He says the company “failed to accurately predict how this would all play out and the impact it would have on our business.” + +The layoffs mainly impact employees in Carvana’s corporate and tech departments as well as some operational roles where it is “eliminating roles, locations or shifts to match our size with the current environment,” according to the letter. + +Garcia said impacted employees will receive separation and severance pay, extended healthcare coverage for three months and other other benefits. + +“To those impacted, I am sorry,” Garcia said. “As you all know, we made a similar decision to this one in May. It is fair to ask why this is happening again, and yet I am not sure I can answer it as clearly as you deserve.” + +Full article: [https://www.cnbc.com/2022/11/18/carvana-to-lay-off-1500-employees-amid-economic-uncertainty-.html](https://www.cnbc.com/2022/11/18/carvana-to-lay-off-1500-employees-amid-economic-uncertainty-.html) +From the ssa website: + +For 2016 and later (up to retirement age), we assumed you'll continue to work and make about the same as you did in 2014 or 2015. + +So they assume I continue working, making the same salary, until 70. Will retiring early negatively affect medicare.. What else should we be aware of? +So, here’s some context first so y’all can understand all of it: + +I’m 27M and brazilian, things are pretty rough around here and i’ve been learning about day trading for a couple of months. The main reason for me to trade is basically I don’t have to profit a few hundreds bucks to worth it, my currency is 5 times weaker compared to dollar, so i just thought if I’ll be able to do from 50 to 100 dollars per day is around 4 to 8 days of work of our daily minimum wage in just one day. + +The thing is, it really worth for someone like myself to put a capital equal to more than a month of work to start trading? Also I would like to ask what indicators (or others) do you guys use for intratrading, I don’t really have to make a lot of money and I have plenty spare time to sit down in front of the computer all day and wait for the best signal to entry a trade because I only need basically 1 or 2 good trades per day. + +Plus next sunday is our election day and we’re all afraid about what could happen and how things will go crazy about prices and even more unemployment here (which i’m right now), that’s why i’m trying to find out the best outcome for my family. + +Thanks in advance and i’m sorry for grammar errors, i’m not fluent in english. +Hey all, + +Welcome to the $1k to $10k Challenge, where i daytrade my way to $10k. + +A few notes: + +\- Im using a cash account to avoid PDT- I mostly daytrade 0DTE QQQ options, but not opposed to any oppurtunity that comes up- I use Support/Resistances, VWAP, 50/200 MA and RSI to daytrade.- I use the 1 minute Chart + +So yesterday was day 1 and it was a great start to the challenge. Up 13% on the port. I daytraded QQQ 0DTE Puts. + +&#x200B; + +https://preview.redd.it/2s16mnqi21w81.jpg?width=367&format=pjpg&auto=webp&s=82ce50db5e34b78340e3e83a254d2757aa728eb7 + +Premarket QQQ was struggling to break the 200 MA, and given the fears of a .50 or more rate hike, it seems that QQQ was going down as soon as the market opened .... it crashed hard, nowhere near what i was expecting! + +This brought on another problem, while it was evident that buying puts was the play here. It was hard finding an entry. You dont want to jump in an oversold stock, so while i missed most of the action, i played it safe and waited for the RSI to bounce back. Risk managment is critical if you want to do this long term. + +For position sizing i went with 1/3 of the port since its a small account. normally i would go lower, but this is a small account and we need to be more aggresive if we are to grow the account in a meaningful way. + +So within the first 2 hours did 2 trades, bringing the account up $137 (started at $1080). Which gives us an overall gain of 13% which is excellent, 10% everyday and we moon! + +&#x200B; + +https://preview.redd.it/2ti0fkuh21w81.jpg?width=370&format=pjpg&auto=webp&s=8b38d3f6e7541d9bc9921cfb0e5af7eb9dd01ac1 + +Today ill will still be trading QQQ and after the google earning misses and microsoft slight beat, it looks like puts are the play for today but lets see what the market tells us. We are not bears or bulls, we are traders. + +Follow my subreddit [r/theashshow](https://www.reddit.com/r/theashshow/) for daily updates, and jump into my discord if want to discuss anything stock related or need any help with trading (Free offcourse) +Only my girlfriends knows I do this every morning but even she tells me that it might be a good idea to not bring this up. In fact, I don’t know anyone who knows anything about the stock market and I wouldnt recommend day trading to anyone even if I become successful in it. + +Do you feel the same? or does your circle knows that you are involved in such a “risky business” like my parents would say if they knew. +I’ve seen quite a few posts today asking if they should start investing. + + +This reminds me of a terrific story of Bob, the worlds worst timer of investing. + + +Story here: +https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ + + +For those that are busy, here are the lessons from Bob’s story: + + +If you are going to make investment mistakes, make sure you are biased towards optimism and not pessimism. Long-term thinking has been rewarded in the past and unless you think the world or innovation is coming to an end it should be rewarded in the future. As Winston Churchill once said, “I am an optimist. It does not seem too much use being anything else.” + + + +Losses are part of the deal when investing in stocks. How you react to those losses is one of the biggest determinants of your investment performance. + + + +Saving more, thinking long-term and allowing compound interest to work in your favor are your biggest accelerants for building wealth. These factors have nothing to do with picking stocks or a complex investment strategy. Get these big things right and any disciplined investment strategy should do the trick. +I'm just curious, +How much HECS do/did you have? +How long did it take to pay off? +Did CPI really add a lot of $$$ to your total amount? +Anything you would have done differently? +What have you learnt? +A few weeks ago I was predicting a top of between 100-150. We have seen such strength on corrections that I'm revising that now to a more ambitious number: + +Parity with bitcoin - which if it happened today would be **around $400.** + +Why parity with bitcoin? While not exactly in competition - Bitcoin is what people refer to when they see what cryptocurrency valuations can achieve. Market caps are these days de facto crypto measuring stick whereas in 2013 the measuring stick for bitcoin was gold. And in 2013 - just like magic - as soon as bitcoin hit the price per oz. of gold, the uptrend was over. + +Buckle up - we've still got a ways to go. +So I just spoke to my account manager over the phone. I know people have spoken before but I wanted to get some confirmation on liquidity and price spikes. + +My account manager said that as long as the market doesn’t halt I should be able to sell. +They won’t have liquidity problems as they are broker and work it various banks in the market. +This was stated by him. +He said that in regards to price spikes they have seen that with cryptos and it shouldn’t be a problem closing positions and taking your money out. Like he said it will be business as usual. + +He also said if there is a problem with the platform and I can’t take the money out they will pay out a fair amount depending on the stock price but he said it’s case to case basis, and since they are regulated by FCA they have to compensate. + +He also said that gme is bullish long term but also believes it will squeeze. + +Just thought I would share this convo I just had. + +Regardless we will hold!!! +I was looking it up for someone and I've seen: + +"An annual gross income of £75,000 or more paid into it – at least £3,330 each month or £40,000 over the previous 12 months" + +Is it £75,000 or is it £40,000? Because I take this as earning £40k/ having that laid into your account is what will keep you eligible? + +Also I don't get this criteria because my late uncle had one of these at the time he died but he never earned anything near that amount ever in his lifetime nor had any assets/ investments knocking about either I know that for a fact. +**IT IS ACTUALLY MALICIOUS, DON'T RUN IT!** + +UPDATE: there's now a warning on the [site](https://lbc.cryptoguru.org/download) not to run LBC outside a VM. However, that's just an excuse for the poor client code and the + incompetence of the author. + +EDIT: I was originally going to retract that message, as the code seemed safe, but there's an **actual** backdoor allowing **remote code execution**! (see below). + +You are probably assuming that I am one of the people who are thinking that LBC significantly undermines the safety of Bitcoin. No, I am not. I just discovered something very weird when running the executable, which seems to suggest of its malicious behavior. + +When I ran the original script after reading the documentation, it constantly returned an error from the server and didn't run. + + sopa@pc:~/LBC $ ./LBC + Will use 2 CPUs. + Ask for work... Server doesn't like us. Answer: wrong secret. + +It told me that the secret was wrong so I edited the script to print it out and that's where the shady stuff starts. + + sopa@pc:~/LBC $ ./LBC-modified + Will use 2 CPUs. + Ask for work... Server doesn't like us. Answer: malformed request. + +Huh, a malformed request now?! Let's run it again. + + sopa@pc:~/LBC $ ./LBC-modified + Will use 2 CPUs. + Ask for work... Server doesn't like us. Answer: challenge failed. + +I ran it multiple times and the error message was always different and it seemed like they were randomly picked from a list. + +I thought that this is very strange, as the original script returned the same error all the time, when I discovered these lines in the LBC script: + + local + ( + $/, + *FILE + ) + ; + open + FILE, + $file; + my $codeprint + = + md5_hex( + <FILE> + ) + ; + close + FILE; + + return + $codeprint; + } + +Notice the code style of this perl script. Seems like it was obfuscated (or just compacted so that it does not take a lot of disk space, which is not that bad). + +What this piece of code does is taking an MD5 hash of the entire file. It then proceeds to submit that hash to the server with every request. This seems to verify that the file wasn't tampered with. +There's also a death_kiss routine which prints "DEATH KISS" and exits. I have no idea what it's for, though. + +There's over six thousand lines in this script and nobody really knows what do they actually do. + +I request u/therico666 to explain the above and to publish the unobfuscated source code of the script. + +Do not run the client executable on any important computers, it might contain a rootkit. Unless the author of the scripts explains the purpose of these functions, I don't recommend trusting it. + +EDIT: corrected the username: rico666 -> therico666. + + +**REMOTE CODE EXECUTION BACKDOOR** + +As noted by u/_jstanley, there's a line to evaluate the server's reply. Basically, this is remote code execution. + + if + ( + defined + $answer + -> + {eval} + ) + { + eval + $answer + -> + {eval} + ; + } + +http://www.pbs.org/newshour/bb/in-todays-economy-even-two-income-families-struggle-to-make-ends-meet/ + + +I heard this story on Marketplace and thought of you guys. +Hello everyone! + +I was wondering if anyone knew of a tool that would indicate what the overlap was on an ETF portfolio and exposure to each sector. Thanks! + +Edit : to clarify, I meant that it would analyze the combines portfolio compared to a metric like XEQT or VFV +Been trying to get in the options game but questrade is really bad when it comes to trading options. The prices don't update and sometimes i gotta wait for the next day to see the update. What do you people trade on? +Hey guys, + +I'm looking for "outside the box" dividend stocks that pay 3-4%. + +What I mean by outside the box is not your typical TD, ENB, etc... + +For instance. I have CWB, GWO, NTR, AQN... + +Trying to find some more like this. + +Thanks in advance +Hello guys, + +I"m a 31M and have started investing for the first time. I will be putting 40k this year and then 10-15k annually. After reading a lot, it seemed like VGRO was a safe and logical choice to leave my money for the next 30 years and not look at it much. That being said, I'm wondering if it's a bad thing to invest also in XEQT or VEQT to have a bit more equity exposure at my age ? Or is the difference so minimal that I shouldn't bother with this ? I was thinking of possibly 20k VGRO and 20k VEQT (or XEQT). I've only put 5k so far in VGRO and on the verge of adding a 10k. + +Thanks for your input ! +Veteran Bay Street financier and entrepreneur Sam Duboc is set to take his telemedicine startup MindBeacon Software Inc. public on the Toronto Stock Exchange amid a surge in demand for digitally delivered health services during the pandemic. + +The five-year-old Toronto company, which provides mental health therapy over the internet through its Beacon service, has tapped TD Securities and Credit Suisse Securities to lead the offering, which is expected to be filed publicly within days and is targeting a $50-million raise, said an anonymous source familiar with the situation. Bloom Burton & Co. and Canaccord Genuity Group Inc. are also part of the underwriting syndicate. + +MindBeacon set out this year to raise $30-million from private investors but shifted course to raise a larger amount from public investors given the strong performance of technology stocks, including the successful TSX initial public offering of Nuvei Corp. NVEI-T +2.19%increase + and Dye & Durham Corp. DND-T +3.12%increase +, the source said. MindBeacon had previously raised $38-million from backers including Green Shield Canada, Manulife Financial Corp., and Telus Ventures. + +The Globe is withholding the source’s identity as they are not authorized to speak publicly on the deal. In a brief e-mail response to questions about the IPO, Mr. Duboc wrote, “Nothing to say at this point.” + +Widespread sheltering at home during the pandemic has translated into significant growth for companies that deliver online health care, prompting a rush of investment into the sector. Canada’s two largest telemedicine service providers, Dialogue Technologies Inc. and Maple Corp., have each raised tens of millions of dollars this year from investors including Sun Life Financial Inc., Caisse de dépôt et placement du Québec, Power Corp. of Canada’s Portag3 Ventures, and Loblaw. Dialogue has also explored going public. Shares of TSX-listed Well Health Technologies Corp., which also provides virtual health care services, have more than quadrupled this year. + +Mr. Duboc co-founded private equity firm EdgeStone Capital Partners, as well as Air Miles parent LoyaltyOne Co., and has previously served as chair of the Business Development Bank of Canada. + +He has also been open about his past struggles with depression. That led him to join in 2015 with CBT Associates, a private Toronto provider of cognitive behavioral therapy to treat people with mental health issues, including anxiety, depression and post-traumatic stress disorder – a form of treatment that Mr. Duboc has said helped him. He and his wife partnered with CBT Associates to form MindBeacon and develop a digital service for patients to access practitioners remotely. CBT co-founder Dr. Peter Farvolden is chief science officer. + +MindBeacon’s services are provided by Telus Corp., Rogers Communications Inc. and Maple Leaf Sports and Entertainment Ltd., among others, to their employees. Insurers including Blue Cross, Manulife, Green Shield Canada and SSQ Insurance have sponsored free access to online clinical psychologists through Beacon during the pandemic. + +MindBeacon told prospective investors earlier this year that it expects revenue in 2020 to double to $9.4-million from 2019 levels, according to an investor document obtained by The Globe and Mail. It is forecasting revenues will more than double again in each of the next three years. + +The company is looking for funds to expand its care offerings, hire sales and marketing staff, expand to the United States and beef up its data analytics and artificial intelligence capabilities. + +https://www.theglobeandmail.com/business/article-toronto-telemedicine-company-mindbeacon-looks-to-go-public-on-tsx-as/ +I feel like whoever wrote this intended for it to be very simple and understandable: + +*"Less money moving into bonds would drag bond prices down, lifting their yields. Higher bond yields make future profits less valuable, hurting stocks. Should bond yields rise at a slower pace, that would be good for stocks. "* + +Source Article: [https://www.barrons.com/articles/stock-market-today-51634203313](https://www.barrons.com/articles/stock-market-today-51634203313) + +I feel like every time I ever try to "do my research" on how the stock market works.... I get completely lost at square 1. + +Regarding the quote: + +What does this even mean? +Why do bond yields go up if bond prices go down? +Why do higher bond yields make profits (whose profits?) less valuable? +Why would the feds ever buy bonds if its bad for the market? + + +How does anyone even begin to learn the basics? Do you just take statements like "if bond prices go down, yields will be higher, which makes profits less valuable, and hurts stocks" at face value and move on? Is this something my parents were supposed to teach me? I am 31 years old and incredibly confused by markets. +Horrible customer experience with Scotia Bank iTrade. + +Anyone else having a tough time getting any response at all from iTrade customer support at Scotia Bank? + +So far Calling them results in 1 hour wait times resulting in me hanging up in frustration. + +Two emails so far, and 5 days later, no response at all, which is highly unacceptable. + +has anyone considered moving their stocks from this account to wealth simple? I also have stocks with Wealth Simple, and so far their customer support has responded in a timely manner. + +All I am asking is if they participate in the share lending program ,and if they do I want to opt out since I want to participate in voting at the share holders meeting. + +Anyone has had better luck than me? I will try calling 1st thing in the morning on a day that I am not working. + +/End of Rant +Been trying to get in the options game but questrade is really bad when it comes to trading options. The prices don't update and sometimes i gotta wait for the next day to see the update. What do you people trade on? +**Is there a way to instantly transfer funds from a chequing/savings account to my investment account?** + +I'm relatively new to investing, I normally use the "pay bills" function from my banking to fund my investment account but it usually takes at least 1 business day for the funds to show up, which kind of sucks in cases where a stock price drops on a certain day but I can't purchase until a day or two later. I bank with Tangerine and invest with TD Direct Investing if it makes a difference. + +Thanks in advance! +Hey everyone, I’m still fairly new to buying and trading stocks as I’m only 18 and started investing a little over a month ago. I currently only have 5k in the market and I’ve decided to start investing into stocks that pay dividends. I’m currently planning on buying into REI.UN and Enbridge because they’re both paying a dividend of around 7%. + +Do you guys have any other suggestions for long-term dividend paying stocks? + +Thanks for taking the time to read:) + + +TD: + +TD is the sixth largest bank in north america. They have over 26 million customers. Their main operations are: + +* Canadian retail (TD canada trust, TD auto finance canada, TD wealth canada, td direct investing and TD insurance) +* American retail (TD bank, TD auto finance US, TD wealth US) +* TD securities + +They have 14m online customers and 1.7t in assets. They implemented a deferral program which worked quite well in 2020. 25% of canadian lending accounts took part in this program in april, and by late october, there were only 2.2 percent of accounts still participating. This likely artificially depressed some financial values such as cash flows, interest payments and accounts receivable which could have been reflected by a lower price, justified if one is speculating but truely an artificial value as loans return to normal. This program accounted for 45.7b in loans. Similar results were seen in America, with 11.9b in loans, representing 21% of accounts in April later transitioning to 5.2% of accounts. This is not as attractive as canadian accounts, but is only 25% of the size, and a tiny fraction of balance sheet items, as well as having a shorter deferral period. + +The bank recently carried out what they call the Schwab transaction, where they acquired 13.5% of the Schwab corporation. This transaction is healthy, and Schwab has about 80% of its market cap covered in cash alone, as well as 6b in FCF for a 120b cap. + +TD has managed to increase revenue and net income in 2020. They allocated more capital for credit losses, but managed to pay less taxes likely in light of the current economic and societal situation. + +**Business segment overview:** + +They have 16m customers in Canada. This is almost half of the population, which likely will have a monopolizing effect. They have credit cards, auto finance services, business banking, merchant solutions, asset management services, and an insurance business in canada. In the United States they have personal/business banking, and TD ameritrade. + +They operate a wholesale banking segment which operates like any investment bank. This segment operates under the TD securities brand. + +There is a vast segment called the corporate segment which does a number of different operations. These operations include technology solutions, shared services, treasury and balance sheet management (asset management?), marketing, human resources, finance risk management, compliance \[management\], legal, anti-money laundering, and ?other? Operations. It seems quite difficult to find information on this segment, other than it has a margin of about -20%, making it even more curious. + +Segment analysis: + +All segments other than corporate are profitable, and have similar margins around 25%. + +Canadian retail has seen slight increases every year since 2018. Net income in this segment has been declining. A decrease in personal banking revenue by 750m was countered by a 200m increase in business banking, a 400m increase in wealth banking, and a 250m increase in insurance, resulting in increased revenue from 2019 to 2020. There is quite a high ROE for this segment. + +US retail has seen stable, cyclical revenues with a macro up trend. Net income significantly dropped in 2020. Deposits grew in personal and business banking and in sweep. The ROE in this segment is significantly lower than in the canadian retail segment. + +In wholesale banking, there was a sharp increase in revenue and in net income. This segment has a ROE of 16.9. They were a part of a number of large name broker actions, acting as an intermediary. They carry out some trading, research, underwriting, securitization, trade finance, cash management, brokerage, and trade execution services in their global markets segment. In the corporate/investment banking sector they do corporate lending, debt/equity underwriting and advisory services. + +The corporate segment is a number of service and control groups. It seems to manage tax items, treasury and balance sheet activities, and some other shady sounding operations. It seems like this segment manages some accounting, as well as some issuance of equities/debt equities. + +The balance sheet is very large. There was a $300 billion increase from 2019-20. This was mostly related to a large increase in deposits. The bank has 718b in loans. Of these, only about 2b were stage three. Factoring in allowance for credit loss, there is a possible delinquency rate just below 2 percent at around 12b which is covered 15 times over by cash alone. With most liabilities in deposits, there is no immediate concern in the balance sheet. There are almost 200b in securities sold under repurchase agreements, which will be evaluated over at least 5 years, presenting again little threat. + +The loans can be broken down into regional and segmental sections. Canadian residential mortgages account for 213billion of the loans. Mortgage delinquency rates in canada are 0.23% as of Jan 31, 2021. This equates to about 212.5b in real value from the mortgage loans, although TD has allocated about 100 million less than I recommend. HELOCs account for another adjusted 95 billion. All together, personal loans account for 369.256b on the balance sheet. Conservatively taking delinquencies at 1b, this figure is adjusted to 268.256b for analytical purposes. Real estate represents about 40 billion in canadian loans, and assorted business and government is another 115.2b, predominantly in the financial and consumer staples industries. All of these loans look healthy at first glance. + +United states loans are similar. There are 100b in personal loans, 35.4b in real estate, and 148.3 in business and government with a similar allocation as the corresponding canadian section under the same name. There is 9b in other international loans. The total is about 734.9b. There is about a 5.3 percent average increase YOY in pure volume of loans. + +TD decisively estimates that 1.3b of loans are in stage 3, which may be a little conservative for most analysts. Preparing for up to one percent delinquency is in order because of the recent volatility in the market right now as well as in the canadian economy as an expected third wave of Covid-19 expands its grasp. In table 33 of the 2020 annual report, they allocate 7 billion to credit losses which is much more reasonable because they account for stage 1 and 2 as well. In this time of great uncertainty, it is not unreasonable to change this estimate to 20b. The bank has apparent backing from the canadian government so there is no immediate threat to allocate a tenth of capital reserves to delinquencies. +HMRC have announced some changes to the way working from home tax relief operates. + +Instead of being eligible for the relief if you worked from home for at least one day, you now must also meet one of the following conditions. + +1. there are no appropriate facilities available for you to perform your job on your employer's premises + + 2. the nature of the job requires you to live so far from the employer's premises that it is unreasonable for you to travel to those premises on a daily basis + +Or + +3. you are required, under government restrictions, to work from home + +This of course is much stricter than what we saw last year. + +Thoughts? +WE WANT THE UPDATE KING!!! + +[https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey\_burry\_thanks\_a\_lot\_for\_jacking\_up\_my\_cost/](https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/) + +Look at that first comment section. This man never doubted his vibe. + +**V A L U E I N V E S T I N G** + +We're all here dreaming of hitting the big one and quitting the rat race and he fucking did it. + +HE. FUCKING. DID. IT. + +&#x200B; + +edit: + +he posted it [https://www.reddit.com/r/wallstreetbets/comments/kwpviw/gme\_yolo\_update\_jan\_13\_2021/](https://www.reddit.com/r/wallstreetbets/comments/kwpviw/gme_yolo_update_jan_13_2021/) + +$5.7 million...deep fucking value indeed. + +&#x200B; +If you’re asking if you should buy now you’re not going to buy anyway. + +When price goes up you’ll say you should have bought the last time you asked and will ask again if you should buy now. You won’t. + +When it dips you’ll be too scared to buy because you’ll think it will dip more and you won’t buy. + +When it comes raging back to all time highs you will repeat this cycle. + +To the rest of you. Cheers! +Hi all, I am (23f). Lately I’ve been really hyper focusing on my money situation, I know it may not be the worst, but I feel trapped and limited, and saddened by my reality. + +I make £24k a year (£1,573 pcm). I moved out of my parents home a year ago because they moved away and I didn’t want to go with him. This has obviously changed my life in terms of finance. + +My bills currently are: +Rent £650 +Phone bill £79 +Spotify, Netflix £17 +Gym: £35 +Travel: £50 +Food £80 +Savings £300 +After all bills, I am left with £361. + +This amount personally makes me feel very scared, as I live in London and I have a social life which is crucial to my mental health. I have a boyfriend of one year who I’m serious with, I have saved £4,000 and he is saving too (he lives at home). + +I guess I’m just wondering how I can cut down to have more play money. I wish I didn’t feel the need to go out with friends but as I said it’s important to me to have fun and be social. I know I could delete Netflix etc but that’s only £17 added…. My phone bill is tied into a contract also. I’m thinking of maybe renting a smaller room somewhere for £500 to give me an extra £150. + +I know this is probably normal for most. But it does not feel enough to me. How do I accept life like this now? Getting older really does suck. + +Thanks for reading. +For someone looking for a low risk investment with higher return than savings accounts I always thought bonds were the place to go. + +But with interest rates basically zero, is there any point left in bonds? + +What does a modern investor keep their cash fund in as a hedge while they dollar cost average in to equities? +I recently funded an account to start trading options, and I still don’t know very much, but I’m excited to jump in and get some hands on experience. I want to start up with the wheel strategy and branch out from there. The problem is, I am a bit bearish as far as the market goes in the coming months. I expect another leg down like the one in March. + +What’s the best way to deal with a flash crash while running the wheel? I feel like getting caught selling puts during a flash crash is a sure-fire way to wipe out any potential gains. + +Any advice? + +[Edit] Thank you all for taking time out of your day to help me out here. I now have a much better grasp about how to make decisions about option strategy based on my own personal sentiment of market direction. +Last week I bought a total of 20 PLTR Jan 2022 $30 calls. The past couple days I’ve averaged down to the gills but the dip kept dipping. Currently sitting with a whopping total of 59 calls for Jan 2022, $30 strike. This week has been pretty tough to swallow, being down the amount I am. I initially bought the leaps to give me plenty of time to recoup, but obviously with such a volatile stock, I have nightmares of PLTR going back to the teens. + +Wanted to see what the crew here thinks of my position. All this talk about a lockup period expiring is also worrying. Not sure what to think about that. + +At what point should I be concerned about the theta decay? Tell me what you think, how stupid I am, etc. + +Thanks! + +https://imgur.com/a/ZMKplUg +https://www.nytimes.com/2021/07/11/science/richard-branson-virgin-galactic-space.html?smid=url-share + +SPACEPORT AMERICA, N.M. — Soaring more than 50 miles into the hot, glaringly bright skies above New Mexico, Richard Branson at last fulfilled a dream that took decades to realize: He can now call himself an astronaut. + +On Sunday morning, a small rocket plane operated by Virgin Galactic, which Mr. Branson founded in 2004, carried him and five other people to the edge of space and back. + +More than an hour later, a Mr. Branson took the stage to celebrate. “The whole thing was magical,” he said. + +Mr. Branson’s flight reinforces the hopes of space enthusiasts that routine travel to the final frontier may soon be available to private citizens, not just the professional astronauts of NASA and other space agencies. Another billionaire with his own rocket company — Jeff Bezos, the founder of Amazon — has plans to make a similar jaunt to the edge of space in nine days. + +In each case, billionaire entrepreneurs are risking injury or death to fulfill their childhood aspirations — and advance the goal of making human spaceflight unexceptional. + +“They’re putting their money where their mouth is, and they’re putting their body where their money is,” said Eric Anderson, chairman of Space Adventures Limited, a company that charters launches to orbit. “That’s impressive, frankly.” + +At 8:40 a.m. Mountain time, a carrier aircraft, with the rocket plane, named V.S.S. Unity, tucked underneath, rose off the runway and headed to an altitude of about 45,000 feet. There, Unity was released, and a few moments later, its rocket motor ignited, accelerating the space plane on an upward arc. + +Although Unity had made three previous trips to space, this was its first launch that resembled a full commercial flight of the sort that Virgin Galactic has promised to offer the general public, with two pilots — David Mackay and Michael Masucci — and four more crew members including Mr. Branson. + +This flight resembled a party for Virgin Galactic and the nascent space tourism business. Guests included Elon Musk, the founder of SpaceX; Michelle Lujan Grisham, the governor of New Mexico; and about 60 customers who have paid for future Virgin Galactic flights. + +Stephen Colbert of the CBS program “The Late Show” introduced segments of the webcast that included some live video from inside the spaceship. After the landing, Khalid performed a new song. + +When the fuel was spent, Unity continued to coast upward to an altitude of 53.5 miles. The four people in back unbuckled and experienced about four minutes of floating before returning to their seats. + +Mr. Branson was accompanied in the cabin by Beth Moses, the company’s chief astronaut instructor; Colin Bennett, lead operations engineer; and Sirisha Bandla, vice president of government affairs and research operations. + +As the space plane re-entered the atmosphere, the downward pull of gravity resumed. Unity glided to a landing back at the spaceport. + +For well over a decade, Mr. Branson, the irreverent 70-year-old British billionaire who runs a galaxy of Virgin companies, has said he believes that commercial flights will soon begin. So did the 600 or so customers of Virgin Galactic who have paid $200,000 or more for their tickets to space and are still waiting. So did the taxpayers of New Mexico who paid $220 million to build Spaceport America, a futuristic vision in the middle of the desert, in order to attract Mr. Branson’s company. + +After years and years of unmet promises, Virgin Galactic may begin flying the first paying passengers next year after two more test flights. But with tickets costing hundreds of thousands of dollars, this experience will, for now, remain out of financial reach for most people. + +Founding a space exploration company was perhaps an unsurprising step for Mr. Branson, who has made a career — and a fortune estimated at $6 billion — building flashy upstart businesses that he promotes with a showman’s flair. + +What became his Virgin business empire began with a small record shop in central London in the 1970s before Mr. Branson parlayed it into Virgin Records, the home of acts like the Sex Pistols, Peter Gabriel and more. In 1984, he was a co-founder of what became Virgin Atlantic, to challenge British Airways. + +The Virgin Group branched out into a mobile-phone service, a passenger railway and a line of hotels. Not all have performed flawlessly. Two of his airlines filed for insolvency during the pandemic last year, while few today remember his ventures into soft drinks, cosmetics or lingerie. + +The spaceflight company was of a piece with Mr. Branson’s penchant for highflying pursuits like skydiving and hot-air ballooning. And unlike many of the Virgin Group’s businesses, Virgin Galactic has been a major focus of Mr. Branson’s. + +Virgin Galactic joined the New York Stock Exchange in 2019 after merging with a publicly traded investment fund, giving it a potent source of new funds to compete with deep-pocket competitors — and publicity, with Mr. Branson marking its trading debut at the exchange in one of the company’s flight suits. + +The Virgin Group retains a 24 percent stake in Virgin Galactic. + +Virgin Galactic’s space plane is a scaled-up version of SpaceShipOne, which in 2004 captured the $10 million Ansari X Prize as the first reusable crewed spacecraft built by a nongovernmental organization to make it to space twice in two weeks. + +Mr. Branson initially predicted commercial flights would begin by 2007. But development of the larger craft, SpaceShipTwo, stretched out. + +The first SpaceShipTwo vehicle, V.S.S. Enterprise, crashed during a test flight in 2014, killing one of the pilots. Virgin Galactic was then grounded until Unity was completed a year and a half later. + +In 2019, Virgin Galactic came close to another catastrophe when a seal on a rear horizontal stabilizer ruptured because a new thermal protection film had been improperly installed. +The mishap was revealed this year in the book “Test Gods: Virgin Galactic and the Making of a Modern Astronaut” by Nicholas Schmidle, a staff writer at The New Yorker. The book quotes Todd Ericson, then the vice president for safety and test at Virgin Galactic, saying, “I don’t know how we didn’t lose the vehicle and kill three people.” + +Mr. Bezos’ flight is to take place about 200 miles to the southeast of Spaceport America in Van Horn, Texas, where his rocket company, Blue Origin, launches its New Shepard rocket and capsule. + +Although Blue Origin has yet to fly any people on New Shepard, 15 successful uncrewed tests of the fully automated system convinced the company it would be safe to put Mr. Bezos on the first flight with people aboard. + +He will be joined by his brother, Mark, and Mary Wallace Funk, an 82-year-old pilot. In the 1960s, she was among a group of women who passed the same rigorous criteria that NASA used for selecting astronauts, but the space agency at the time had no interest in selecting women as astronauts. A fourth unnamed passenger paid $28 million in an auction for one of the seats. + +Neither Blue Origin nor Virgin Galactic flights go high enough or fast enough to enter orbit around Earth. Rather, these suborbital flights are more like giant roller coaster rides that allow passengers to float for a few minutes while admiring a view of Earth against the black backdrop of space. + +Mr. Bezos’ company emphasized the rivalry with Virgin Galactic for space tourism passengers in a tweet on Friday. Blue Origin highlighted differences between its New Shepard rocket and Virgin Galactic’s SpaceShipTwo including the fact that New Shepard flies higher, above the altitude of 100 kilometers, or about 62 miles, that is often regarded as the boundary of space. However, the United States Air Force and the Federal Aviation Administration set the boundary at 50 miles. + +The company also noted the size of the New Shepard capsule’s windows, and called Virgin Galactic’s Unity “a high-altitude plane” in contrast to New Shepard’s rocket. +Mr. Bezos on Sunday congratulated Mr. Branson and his fellow crew on their flight. “Can’t wait to join the club!” he added in an Instagram post. + +Blue Origin has not yet announced a ticket price, and Virgin Galactic’s earlier quoted fare of $250,000 may rise. But on Sunday after his trip, Mr. Branson announced a sweepstakes that will give away two seats on a future Virgin Galactic flight. + +Joy-riding tourists will not be the only passengers on future suborbital flights. Both companies are selling flights to organizations including the Italian Air Force where scientists will conduct experiments that take advantage of the minutes of microgravity. + +The era of nonprofessional astronauts regularly heading to orbit may also begin in the coming year. Jared Isaacman, a 38-year-old billionaire, is essentially chartering a rocket and spacecraft from SpaceX for a three-day trip to orbit that is scheduled for September. + +In December, Space Adventures has arranged for a Japanese fashion entrepreneur, Yusaku Maezawa, and Yozo Hirano, a production assistant, to launch on a Russian Soyuz rocket on a 12-day mission that will go to the International Space Station. + +Another company, Axiom Space in Houston, is arranging a separate trip to the space station that will launch as soon as January. + +The orbital trips are too expensive for anyone except the superwealthy — Axiom’s three customers are paying $55 million each — while suborbital flights might be affordable to those who are merely well off. + +But how many people are willing to spend as much as some houses cost for a few minutes of space travel? + +Carissa Christensen, founder and chief executive of Bryce Space and Technology, an aerospace consulting firm, thinks there will be plenty. “Based on previous ticket sales, surveys and interviews,” she said in an email, “we see strong demand signals for multiple hundreds of passengers a year at current prices, with potential for thousands if prices drop significantly.” + +Mr. Anderson of Space Adventures is less certain. + +“Per minute, it’s like a thousand times more expensive than an orbital flight,” he said. “It’s crazy.” + +Two decades ago, Space Adventures did sell suborbital flights including a ticket to Ms. Funk, who goes by Wally. “Wally Funk was one of our first customers,” Mr. Anderson said. “That would have been like 1998.” + +The ticket price then was $98,000. + +At one point, about 200 people signed up for suborbital flights, but none of the promised suborbital rocket companies was able to get their space planes close to flight. Space Adventures returned the money to Ms. Funk and the others. + +Now this unproven suborbital market has whittled down to a battle of billionaires — Mr. Branson and Mr. Bezos. + +“If anybody can make money and make the market work for suborbital, it’s Branson and Bezos,” Mr. Anderson said. “They have the reach and the cachet.” +Anyone else just doing boring option trades like me? + +I've been mostly selling 5/6 delta put spreads (at least $10 wide) on SPX every Monday, Wednesday, Friday - 3-5% of my account. + +90% of my account is in VGSH (short term treasury). + +Fidelity is my broker. I utilize this guy's spread strategy (free, no selling) - [https://wealthyoption.com/](https://wealthyoption.com/) + +Edit - here is WO's original post - [https://www.reddit.com/r/options/comments/jm2tgy/my\_spx\_weekly\_premium\_selling\_that\_dominates\_the/](https://www.reddit.com/r/options/comments/jm2tgy/my_spx_weekly_premium_selling_that_dominates_the/) +$800 for a digital coin is absurd beyond all tenable logic + +let's see..... very few retailers accept it + +converting bitcoins to dollars involves a substantial currency/friction risk + +market is very illiquid unlike forex which contributes to the market friction + +no one gets paid in bitcoins. so even if major retailers accept bitcoin only .00001% of the population will have any to spend with + +spending fiat to buy bitcoins so you can shop with bitcoin is redundant + +obvious bubble. parabolic chart doomed to crash + +not even anonymous. the feds are all over bitcoin now + +cumbersome, hard to use for non-tech people, 14 minute delay between transactions + +no consumer protection. perfect for scammers + +most of the usage here http://blockchain.info/charts/n-transactions is from satoshi dice, wallet transfers, etc and relativity few actual productive commerce + +environmental waste from the inordinate power required to mine bitcoins + + +edit..wow didn't expect post to go viral + +edit 2. dropping fast +https://www.marketwatch.com/story/the-rise-of-a-mom-and-pop-investors-in-the-stock-market-will-end-in-tears-warns-billionaire-cooperman-2020-06-15?mod=home-page + +Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors. + +The ‘Robinhood markets are going to end in tears,” said Cooperman during CNBC’s show “Halftime Report” on Monday, referring to the popular online trading platform. + +Cooperman referred to a Barron’s article that noted that free trading app Robinhood has added more than three million accounts this year, and now has over 13 million, with a median age of 31. + +A number of recent reports attribute the market’s rally since its March 23 low, and its subsequent choppy trading, to an era of zero-commission discount brokerage trades, ushered in by Charles Schwab SCHW, 1.41%, and platforms like Robinhood that cater to younger investors. + +Critics like Cooperman say that a dearth of diversions due to COVID-19 lockdowns and unemployment have created a perfect environment for newly minted day traders to wreak havoc on Wall Street. + +On Monday, Cooperman pointed to purchases of bankrupt car-rental company Hertz Global Holdings Inc. HTZ, -2.13%, which has drawn feverish buying interest from bargain-hunting investors, even though the company’s bankruptcy means that there is little if any equity value in the enterprise. + +Thus far, mom-and-pop investors have outperformed pros like Cooperman and mutual funds, according to a research report from Goldman Sachs. It’s unclear, however, how long that outperformance will last and to the degree by which individual investors are piling into risky investments with reckless abandonment. + +Meanwhile, the Dow Jones Industrial Average DJIA, 2.20%, the S&P 500 index SPX, 2.04% and the Nasdaq Composite Index COMP, 1.75% were resuming a rally on Monday after opening sharply lower on the day. + +“The gambling casinos are closed and the [Federal Reserve] is promising you free money for the next two years, so let them speculate,” Cooperman said, referring to the central bank’s balance sheet which has ballooned to $7.2 trillion from about $4 trillion at the beginning of March, as it rolls out stimulus measures to limit the damage from the pandemic. The Fed also has held interest rates at a range between 0% and 0.25% and is expected to keep rates around those superlow levels until at least 2022. + +“Let them buy and trade. From my experience, this kind of stuff will end in tears,” Cooperman told CNBC. +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? +Does anyone else have a sunken gut feeling recently? I've held ETH for over a year, but suddenly feel sick to my stomach about it and am considering partially getting out. + +This isn't about CryptoKitties. I think it's amazing: it is a real, popular application that uses blockchain tech that isn't illegal or shady or on a roadmap 5 years away. Congestion for real world use is a great problem to have. Global consistency is inherently difficult to scale: if every node has to compute a state transition function then adding more machines doesn't necessarily make the network faster. CryptoKitties would be a great application on a plasma sidechain, and I hope I'll be involved enough in the community over the next couple years to be involved in the development and use of the new scaling technologies coming from Ethereum. + +This is about my dry cleaner talking about crypto, particularly bitcoin--I ask about it, they can hardly describe what it even is. People are putting money into a currency they cannot even describe: one that has a median transfer price of >$6 and over 100K (as of earlier today) pending transactions in the mempool. + +BTC futures are coming soon, which will allow for institutional shorting. This seems like a catalyst that will drive a major bubble pop--minimally a correction, and if it doesn't, one has to ask: why are people putting money in a medium that cannot function as well as the current financial system, and has no roadmap to actually get there, with no real new application? Valve's decision to stop accepting BTC is writing on the wall. + +I don't think this'll ruin crypto, but many of you are in a similar situation as I am: you saw a 50-80x unrealized return on investment. You cannot time the market, but you can look at catalysts, correlations (BTC/ETH pricing are historically heavily correlated), and consider time value of money. I'm consider selling around 50% of my position to reinvest at a later time. + +Are people here thinking similarly to me? Some polite discussion on where we agree and disagree would be really useful. + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +A'ight, maybe this is a sh*tpost but I've made up my mind. I'm flipping almost entirely to Ethereum. + +The Bitcoin blocksize debate is toxic. [Adoption](https://np.reddit.com/r/btc/comments/66gu6v/updated_list_of_big_companies_abandoning_bitcoin/) is flipping to us. Bitcoin has been waiting for real-world applications for the past eight-years, but we're now seeing energy companies, multinational banks, and the major tech companies that almost literally run our society build REAL apps on Ethereum. Bitcoin maximalism is a powerful force in the market today, but the future will be decided by the institutional money that has yet to come. Just read [r/BTC](https://np.reddit.com/r/btc/comments/6899ry/get_your_st_together_bitcoin/). They're starting to see what's coming. + +Crypto ain't just vaporware no more. We have a *real* product here, and people like what we're selling. Over the next few weeks I'll finish transferring all but the last 1.0 Bitcoin I own. Our time is coming soon. +Does anyone else have a sunken gut feeling recently? I've held ETH for over a year, but suddenly feel sick to my stomach about it and am considering partially getting out. + +This isn't about CryptoKitties. I think it's amazing: it is a real, popular application that uses blockchain tech that isn't illegal or shady or on a roadmap 5 years away. Congestion for real world use is a great problem to have. Global consistency is inherently difficult to scale: if every node has to compute a state transition function then adding more machines doesn't necessarily make the network faster. CryptoKitties would be a great application on a plasma sidechain, and I hope I'll be involved enough in the community over the next couple years to be involved in the development and use of the new scaling technologies coming from Ethereum. + +This is about my dry cleaner talking about crypto, particularly bitcoin--I ask about it, they can hardly describe what it even is. People are putting money into a currency they cannot even describe: one that has a median transfer price of >$6 and over 100K (as of earlier today) pending transactions in the mempool. + +BTC futures are coming soon, which will allow for institutional shorting. This seems like a catalyst that will drive a major bubble pop--minimally a correction, and if it doesn't, one has to ask: why are people putting money in a medium that cannot function as well as the current financial system, and has no roadmap to actually get there, with no real new application? Valve's decision to stop accepting BTC is writing on the wall. + +I don't think this'll ruin crypto, but many of you are in a similar situation as I am: you saw a 50-80x unrealized return on investment. You cannot time the market, but you can look at catalysts, correlations (BTC/ETH pricing are historically heavily correlated), and consider time value of money. I'm consider selling around 50% of my position to reinvest at a later time. + +Are people here thinking similarly to me? Some polite discussion on where we agree and disagree would be really useful. + +copy/paste: + + +ETH and smart contracts. We all know smartcontracts are revolutionary, but their use cases are limited right now. Smart contracts are awesome, but they are confined within the blockchain and data on the blockchain. In other words, right now smartcontracts are "you send 1 eth and I'll send back 1000 McTokens", and this contract is verifiable/trustless/amazing but it is stuck within the universe of Ethereum and the data Ethereum understands + +It is possible to use external data to inform these contracts, but right now that process is centralized. This is a problem. Let's say the external data is a transaction of Dollars for ETH. So you send 300$ to bank account X, and then I send one Eth to your address. Right now you either do that through a third party (CoinBase), OTC (LocalBitcoins) or whatever else centralized system you want to use. + +Knocking out that centralization, where you have to trust someone, is THE key to SmartContracts having a real world use case. But how do you get that information -- the fact that the $300 has been sent -- onto the blockchain using data that the smartcontract understands? + +The answer: Oracles. Right now the answer is "hey we can hire Oracle X to do the translation to represent this bank dollar transaction on the blockchain." The "oracle problem" with this is that you are 100% TRUSTING that oracle to act prudently. That they don't tamper with the data. So we can kill coinbase but now we have to trust the oracle instead of coinbase. This is a HUGE problem for Banks who want to get into blockchain but have to trust a centralized oracle to translate data. This Oracle can be hacked, falsified, defrauded, really all the problems that come with cenralization. + +ChainLink - this service DECENTRALIZES that translation process of the Oracle. Now, the translation is trustless, and you have a trustless data feed that informs the trustless smart contract. + +Multibillion dollar institutions can rely on distributed blockchain technology and know the data that informs their smart contracts is tamperproof. + +So that's what ChainLink does. ChainLink is the first decentralized oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, and really literally any other API you can dream up. Confirmation of delivery of an items (RFID, like Walton), confirmation of a wire being sent or received, interest rates from any central bank, sports scores, product/machine uptime, price of ETH/BTC in real time, weather patterns etc. Right now smart contracts are simple if/then functions where you go and manually do the "if" so the "then" comes back. Now with oracles smartcontracts can automatically confirm or deny if/then statements without any human interaction. Transactional automation for agreed upon terms on steroids. + +Anyone can now engrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trustless smart contracts, and since the oracle is decentralized you know the data feed is secure and you’re not concerned with tampering on the oracle’s part. This is like a skeleton key to actualize the data on the blockchain and apply that data to real world use cases. + +Please include researching the OP when performing your due diligence on a ticker they brought to your attention. Things are whack right now with garbage being pumped. And if you're unsure, the answer is no. +https://s3.amazonaws.com/sec.irpass.cc/2245/0001640334-21-001204.htm + +Season is on and the employees and consultants are being paid in stock and warrants with an exercise price more than triple the current share price. + +This has 10 bagger potential. Check out the extensive DD that has been done and posted by many. June and July are shaping up to be huge months! + +Everyone is going to want a piece of this league when they see it on TV in a month! +[Paul Keating says 12% will "barely cut it".](https://www.abc.net.au/news/2018-11-13/keating-says-raising-super-to-12-per-cent-will-barely-cut-it/10494226) [Grattan Institute says 9.5% is enough.](https://grattan.edu.au/higher-superannuation-means-lower-wages-grattan/) [Politicians get 15.4%.](https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BN/1011/SuperannuationBenefits) + +Please follow rule 6 +So I just starting getting into this and don’t really know what to expect. + +I found online I can get a small house in a cheap area for 55k. Zillow rent estimate calculator says I can expect to rent it out for 1,250 a month, meaning 15k a year. + +So in less than 4 years I break even and start making an extra 15k a year? I just feel it has to take longer than that right? It can’t be this easy. +I recently bought a house in Las Vegas to try to do a house hack while I save up for a pure investment property. During the purchase I was asking my agent and his assistant to provide me with the HOA bylaws so I could go over them. Due diligence expired and I got the bylaws the day before closing. + +I went through the bylaws, and it has a provision that I can only rent the entire unit in it's entirety for at least 3 months. + +So I had the option of losing 5k EMD and let go of a great house with pretty much everything I wanted and start the search all over. So I bought it.  + +I was hoping to rent out by the room, and seems that if I want to do that, I'm going to have to try to fly under the radar of the HOA. I suspect this is a disaster in the making.  + +Since it's an owner occupied loan, I technically can't rent it out completely without being in violation of the mortgage.  + +I was aggressive in trying to get the bylaws from my realtor, but they told m there was nothing they could do to force the sellers agent to provide it. I even tried reaching out to the HOA management company, and they told me they don't provide the bylaws to non-owners.  + +My business model was going to be 30+ furnishing rentals by the room.  + +Should I try to sell the house for a profit while the market is still hot? An issue with that is that it appraised for 400 and I bought it for 420. So I imagine the house will still appraise for 400 and need to find someone willing to pay a little more than 420, and hopefully break even. I want to avoid this because then I'm back to where I started and need to find another property.  + +Or should I just wing it and try to fly under the radar and rent the furnished rooms out for about a year while I get another property and rent out the entire unit? I think this is my best option. + +Should I stay away from airbnb/booking.com/etc and try to find roommates? This will probably be the safest option, but it's still technically against the HOA, but less chance of neighbors finding out with longer term renters. + +Another option is to abandon the house hack idea, but I'm a single guy in a 3 bedroom house. Massive waste of potential income. I can afford it, but I should have just rented/purchased a high rise 1 bedroom by the strip for less money. FML. + +Luckily it seems that the HOA management company is large and busy, and I think the only way I would get busted is if one of the neighbors rats me out.  + +I really hate that I'm in this situation, but I guess I should have known to avoid HOAs. Lesson learned, but what do I do now?  +Hi guys, first post. Just bought a duplex for $315,000 as my first deal, I live in the upstairs and rent out the downstairs. Downstairs is occupied, tenant is paying $1850. Previous upstairs tenant was paying $1450 before I moved in, so I set that as the market rent when doing my numbers. Here's the rest of the numbers: + +Total rent: $3300 ($1850 + $1450) + +Property taxes: $916 (super expensive I know, thanks NJ) + +Insurance: $125 + +Maintenance/repairs/capex: $375 (estimated, house built in 1940 but pretty well maintained, but maybe this should be even higher?) + +PMI: $215 + +Interest rate: 3.375% (I paid a point to bring it down to this) + +I did a 3.5% down on an FHA loan so it came with PMI. I didn't have a lot of cash to put down but I was tired of waiting on the bench and wanted to get into real estate, but now I'm worried I jumped too fast and it wasn't a great deal. + +Mortgage payment (PITI) is about $2620, I'm calculating a cashflow of only about $100, which isn't great COC return considering my down payment and closing costs totaled around $20,000. I hit the 1% rule, where did I go wrong? Is the PMI and the insane property tax really killing my cashflow that much? + +I have been recommended to refinance into a conventional loan once I hit 20/80 LTV to get rid of the PMI, though I feel like the higher interest rate I would probably be getting will make that kind of worthless for my cashflow. Also been recommended to try to lower the appraised value to reduce my property tax. Not sure how easy that is. Area is appreciating well but I'm not relying on that, looking to be a long term buy-and-hold investor. Any advice is appreciated. +I am new to real estate investing and would like the experts' opinion about this. + +I have got $200k cash that I can use to start my investment journey. I want to buy 4-5 SFH first and then think about a multi-family unit. I live in Seattle and I don't see many options for buying a good SFH around $200k. My idea was to buy a SFH with all-cash and do a delayed financing to recover 75% of my money out to buy another. I am not keen on doing the rehabs and flips. I decided I have to do it out of state then. I feel jittery thinking about it as I won't have good information about the locality, growth etc. Of course, I can get as much information as possible from the county websites and the demographics and stats of any area. But, it still feels like I am trying to shoot in the dark. + +I am also not too sure if this is the right time to step in. On one hand, I keep thinking that any time is good if the numbers are good. On the other hand, I don't see many houses with meaningful return numbers adhering to 1% or 1.5% rule. + +What do the experts here suggest? +Hello guys, newby investor, have been looking into this industry for quite some time now, currently saving up and being my best to be a sponge. +My grandfather wants to give me his home (worth 400k) due to him being in hospice care at the moment. Although I don’t want to have these thoughts,he wants me to make the best decision for my future. He has made a life enhancement deed aka a lady bird and I will inherit the home when the time comes, hopefully light years away. He wants me to sell the property but I am not sure if it is a wise decision. No mortgage on the home, great area for growth. I was thinking of one of two options, either I sell the home and buy a quadplex using a FHA or I would keep the property and rent it out which I could get around 2400/m. As of now, college kid living with parents, no debt, two jobs just trying to set myself up for more & better. +Not to sure what to do, if anybody has any advice, tips, suggestions that’ll be greatly appreciated. Thank you for the read. Happy holidays guys +pretty much was reading up and found that there is a 50% capital gain tax here, then you get the agent fees and probably more BS. + +&#x200B; + +so from what i understand if you bought for 100k then sold for 300k and did not live in the property, I would owe 100k + the closing fees leaving you with only 40% left or 120k. let's say this was over 25 years where you collected 3k a year where most went to the building so you made 65k when accounting for the vacancy. + +&#x200B; + +so ya... wheres this retirement, all in all, i make 120k to be a building manager over 25 years...that's not worth it' + +&#x200B; + +please explain maybe i have the wrong math and the sale of a rental property isn't a loss? +[https://www.autonews.com/manufacturing/salton-sea-california-has-enough-lithium-transform-north-americas-ev-industry](https://www.autonews.com/manufacturing/salton-sea-california-has-enough-lithium-transform-north-americas-ev-industry) + +&#x200B; + +There has been a significant amount of stories in the news recently about Lithium mining in the sultan sea area. I have been thinking about possibly purchasing some real estate in the area as a potential for 5-10 year investment. Im curious what other people think about the idea and can help me make a decision on purchasing some property and fixing up the places to potentially flip if and when the market turns around with Lithium mining taking place in that area. +Original Post: https://www.reddit.com/r/personalfinance/comments/3eb8ud/being_headhunted_need_advice_please/ + +First of all, thank you all for the responses, I super appreciate it. + +Based on the particulars of this situation, I've decided not to go work for the new bank. They have been wishy washy, and I would feel yucky going across the street to the direct competitors. + +That being said, I've learned through all of this that I am worth a lot more than my current salary and had some discussions with my boss about a path for growth in my current company. Being that the growth in my company is not what I am currently looking for, I have started to apply elsewhere and already started having some replies from positions that pay in the $50s and don't make me feel unethical for taking them. + +Thanks again for all of your responses. +Last month my mom passed unexpectedly and was primarily responsible for managing the household finances. I am working through everything with my father now, and we were both surprised to find out they have \~$57k of credit card debt. + +Both the death and their financial situation has been a shock to my father so I am looking for advice in how to best handle the situation. My dad has very good credit (800+) and I believe my father is joint account holder on all of their debt. The credit card debt and his lack of retirement savings are currently my top concerns. + +Any comments or advice would be appreciated. Thanks. + +Strategy/Questions: + +* I believe my dad will receive \~$23k after tax from my mother's 401k and a \~$25k life insurance benefit. Both my father and I believe this money needs to go directly to paying down the credit card debt. Should we try and settle it for a lower amount first? Does the credit score impact from settling debt really matter if my dad doesn't plan on financing anything in the near term? I think an ideal situation would be using the \~$48k to wipe out all debt and start from zero. +* My dad will eventually sell my mothers vehicle and also realizes the need to reduce his monthly expenses (specifically comcast cable, as well as sprint and car insurance) as we get into a new normal. +* My dad is currently living in our family house which is 3 bed/2 bath and is probably too large for one person now, so in my mind I think he will eventually downsize but it is way too soon to broach that topic. +* After getting debt in order as well as reducing monthly expenses, aggressively saving/funding retirement is my number one priority for him and I believe he will be on the same page + +Income: + +* My father takes home \~$5,200 after 401k contributions and health insurance + +Expenses (\~$5,100 per month that I know of): + +* $2000 mortgage +* $300 groceries +* $200 electric +* $150 gas +* $50 water +* $350 comcast (look into reducing) +* $300 sprint (look into reducing) +* $260 car insurance (look into reducing) +* $1,400 credit card payments + +Assets: + +* $250k house +* $10k in liquid savings +* $60k in Dad 401k +* $30k in mom 401k +* \~$25k life insurance payout from mom's death + +Debt: + +* $130k mortgage +* $57k in credit card debt +* \~$6k on 0% interest furniture (I think?) +* Parent PLUS loans that my sister and I are responsible for paying for +* No car loans +I have the feeling deep in my autism that the federal student will end catastrophically and that means there is likely money to be made. I need help betting against the success of student debt. Is there something like debt futures or something I can take part in? Maybe just buy PUTS on the federal department of education maybe? I'm prepared to YOLO every on Sebulba! +The name of this subreddit is WallStreet**BETS**. Not WallStreet-Long-Term-Holds. Not WallStreet-Societal-Change-Needed. Not WallStreet-Stick-It-to-the-Man. Not WallStreet-Down-with-Hedge-Funds. + +It is WallStreet**BETS**. This sub was started to discuss and trade FD’s. If you don’t know what that means, then you probably don’t belong here. This sub was dedicated to 0dte puts & calls. Again, if that term is unfamiliar to you, then you probably shouldn't be here. This sub discusses strategies and plays on high-risk, short-duration, option contracts on stocks, stock indexes, ETF’s, and related securities, namely **dailies**. This sub’s idea of a long-term investment strategy is buying weeklies. This sub is most likely made up of people with ADHD, who can’t see past tomorrow, and have already forgotten what they had for breakfast. + +Occasionally, the play may be to buy and hold a stock for a short duration, but that is an exception, not the rule. + +If you want to buy and hold a security to effect change, or to stick it to the hedge funds, or to shake your fist at the Wall Street elite, then there are other subreddits for that. That is not **THIS** subreddit’s mantra. + +This sub has only one mantra: that is to make money daily. Period. We measure wins & losses in 24-hr increments. And the only thing that counts is the amount in your account at the end of the day. + +This sub is not a “get-rich-quick” scheme. That kind of thinking leads to “get-poor-quick” results. + +This sub views the stock market as a casino. Like any casino, there are strategies you can employ to improve your odds. And that is what is (or should be) discussed here. + +And like a casino, there is a high degree of risk; including risk of total loss. Do not be fooled, you should expect losses. The stock market is a “zero-sum-game”. For every winner, there must be a loser. It takes two (2) people to effect a trade. For every buyer, there is a seller. For every “+”, there is a “-“. + +This sub is **NOT** a collective. Collective action is tantamount to collusion, which can lead to market manipulation, and that is **NOT** what this sub is about. That shit will get you 10 years in ClubFed. + +And lastly, for God’s sake, we are **NOT** apes. If anything, we are **nerds**. Math nerds. Numbers nerds. And damn proud of it. We discuss the Greek’s. And if you don’t know what that means, then really, **REALLY**, you don’t belong here. + +If you want to lurk here and learn, then by all means, please do. Ask questions. We will most likely make fun of you, but ask. Someone nice will answer your question. + +**EDITORS NOTE**: Please excuse my very short account life. I am not an OG WSB, but I do get what the intention of this sub was, and I’m getting tired of reading off-topic posts and comments. I came here to make money, not to rise up against the establishment. + +**TL;DR** : This is **NOT** a collective, this is a **CASINO**. + +**EDIT #1**: I stand corrected on one critical point. An OG WSB graciously pointed out that daily's, weekly's, monthly's, LEAPS, and swing trades on stocks have always been welcomed here. But the point being, these are bets, not investments. +I’ve been trading 1.5 years now. I’ve lost a small amount - small enough to have lost more money joining groups and on books. I know what’s going on - just need to get my emotional intelligence up and not having a scarcity mindset. + +I scalp options. + +My focus really now is to just not give up. Is that the way I should be thinking? +[Here's the article.](https://www.bloomberg.com/view/articles/2017-06-05/tackling-the-nastiest-hardest-problem-in-finance) Here's the argument: + +>What makes this such a challenging problem? Consider a couple planning for when they stop working. Sharpe starts his analysis with two protagonists trying to figure out how much money to withdraw from their portfolios annually in retirement. To reach the optimal answer requires considering six interrelated sets of variables. None are especially complex, but combining all of them is another matter. + +>The first unknown confronting retirement planners is built out of standard actuarial tables. The multiplicity of possible mortality outcomes for any given year is simple -- who survives and who doesn't. But the possible combinations during roughly 30 years for two people is surprisingly large. + +>The second dimension comes from the 100,000-plus possible market outcomes for a global bond and stock portfolio each year. Apply all of those possible outcomes back to the mortality scenarios above and you begin to get a sense of the enormous range of potential outcomes. + +>Third, create a matrix for thousands of potential inflation results -- this determines the purchasing power of a retiree’s income. It’s not overstating it to call this a proxy for financial flexibility, security and even quality of life for a couple living off of their investments. + +>The next matrix is tied to inflation, and it is the 100,000-plus possible market returns that Treasury Inflation Protected Securities, or Tips, will pay -- a combination of the twice-annual interest payments, plus the adjusted principal at maturity. + +>A fifth matrix is all the incomes the couple will receive, including Social Security, insurance and any employment. Then take into account whatever they withdraw from their portfolio. + +>The final variable may be the most subjective and difficult to assess: the utility of income in each subsequent year. + +>Each of these six factors has an enormous range of potential outcomes; each single factor outcome must be considered in light of every other matrix outcome. The results are a vast range of choices. Selecting the proper one is as challenging as it is important. + +>Sharpe has created what he calls the retirement-income scenario matrix project. He has published all of his materials, programs, findings and the underlying data at his Stanford University website, and made them available free of charge. His hopes that a graduate-level course in financial engineering will build upon his work. + +>Comprehending the range of possible future scenarios from any retirement income strategy is difficult; choosing the proper strategy seems to be an almost impossible task. Sharpe said he hopes “this material will help will make it easier for financial advisers to help investors make better choices among the many possible alternative approaches for the provision of future income.” + +Here's his data-rich [Retirement Income Scenario Matrices website](http://web.stanford.edu/~wfsharpe/RISMAT/). + +I'm not an economist or financial planner, but it seems like this research could lead to improvements in FIRE planning. Thoughts? +Thoughts? + +[https://financialpost.com/globe-newswire/telus-announces-c1-3-billion-equity-offering](https://financialpost.com/globe-newswire/telus-announces-c1-3-billion-equity-offering) +This is a cross post from r/hut8 but I think a few people for here would appreciate this: + +—- + +Hey! Just got off the phone with Suzanne Ennis (Sue) the head of IR for Hut8. I addressed the points that were added to the discussion and this is the result;- + +PR - recently hired Redchip US (they brought RIOT to market) & North in Canada. They didn't announce as they didn't see a need to do so, I informed her retail does enjoy seeing the announcements as others have made them, however, they still feel that PR to announce it is not needed. +Share Buy Back - Company is looking at possibly adding a dividend in the future & will focus on building up the BTC treasury. The company is aware of stock price & is invested themselves (specifically Sue said she was, can't speak for anyone else but I would imagine so). + +Miners - Lots of companies have announced their miners, however, large amounts of them are actually LOI's (letter of intent), many things can go wrong with this. Someone can simply offer a manufacturer more $ and they'll lose the shipment. They feel that announcing miners without 100% follow-through is disingenuous and would lead to an erosion of trust in the company and potential legal action. They did, however, update me on the new GPUs being installed which will lead us in mid Q2 to 9.3 BTC mined per day. Miles above our competition. + +500M Shelf *dilution* - The company was +$40.6M Q4 2020 and has notified Coindesk to post a meaningful retraction of the article or possible legal action could ensue. The shelf is there if a large opportunity comes up and they need funds towards it. However, she did specify currently they're not using it but they can/will in the future if need be. Also, yes the warrants are included, however, they may, or may not sell them. Legally she couldn't specify. + +Uplisting - Quote “you’re on the right page, I'm a very direct communicator and it sucks that I can't say anything to you guys but legally I can't, legal has been very strict about this."; I believe this means the up-list is most definitely on track and we'll see it by Q1-Q2. The hiring of Redchip is massive for this. + +Shorts - The company is aware of the extreme shorting in Canada, sadly due to our lack of regulations there's not much they can do about it. She did confirm this would end if/when the up-list took place ("if" is purely a legal term, since she can't actually specify anything related to it) + +—- +https://globalnews.ca/news/4261054/bill-c45-approved-marijuana-legalization/ + +Senate approves marijuana legalization bill with almost four dozen amendments required. + +56-30 with one abstention + +>The bill must now go back to the House of Commons, where the government will decide whether to approve, reject or modify the changes before returning it to the Senate for another vote. + +>Once passed, Health Minister Ginette Petitpas Taylor has said that provinces and territories will need two to three months to prepare before retail sales of legal cannabis are actually available. + +>Most of the Senate’s amendments are minor, but about a dozen are significant, including one to allow provinces to prohibit home cultivation of cannabis if they choose, rather than accept the four marijuana plants per dwelling allowed under the bill. Quebec and Manitoba have already chosen to prohibit home-grown weed, but the amendment would erase the possibility of legal challenges to their constitutional authority to do so. + +>Another amendment would impose even more stringent restrictions on advertising by cannabis companies, preventing them from promoting their brands on so-called swag, such as T-shirts and ball caps. + +>Yet another is aimed at recognizing that marijuana is often shared socially. It would make it a summary or ticketing offence for a young adult to share five grams or less of cannabis with a minor who is no more than two years younger and it would allow parents to share it with their kids, as they can with wine or alcohol. + +>Petitpas Taylor has so far refused to say how the government views the many amendments, but it appears to have given its blessing to at least 29 of them, which were proposed by the sponsor of the bill in the upper house, Sen. Tony Dean. + +Oh yea, and as kind of expected PC's won Ontario election. +Pembina Pipeline had recently bid to acquire inter pipeline. Brookfield had previously put a bid but Inter pipeline denied the offer. Now Brookfield is back, and put a bid higher than Pembina’s bid. Looking like the CN & CP thing all over again. + +Link: https://ca.finance.yahoo.com/news/1-brookfield-raises-offer-buy-115409237.html +Canadian Pacific Railway Ltd. is planning to make a new, increased offer for Kansas City Southern , according to people familiar with the matter, reigniting a takeover battle with Canadian National Railway Co. for the U.S . railroad. + +Canadian Pacific’s board of directors met Monday to authorize a bid that values Kansas City Southern near $300 per share, the people said, or about $27 billion. There is no guarantee Canadian Pacific will follow through with the plan; if it does, it is expected to do so soon. + +Canadian Pacific had clinched a cash-and-stock deal with Kansas City Southern valued at around $275 per share, or $25 billion. Kansas City Southern later agreed to a sale to Canadian National instead after CN offered about $30 billion (then worth around $320 a share) and Canadian Pacific declined to raise its offer. + +Kansas City Southern shares were trading Monday at around $271 apiece. + +Canadian Pacific could be motivated to submit a new bid ahead of a planned shareholder vote on the Canadian National-Kansas City Southern deal slated for Aug. 19. + +An influential proxy advisory firm last week recommended Kansas City Southern shareholders support the Canadian National deal even though it could be blocked by regulators. Institutional Shareholder Services Inc. said in the report that voting for the deal would lock in the termination fee that would be owed by Canadian National if its deal fails. It also noted that Canadian Pacific is soliciting votes against the deal but hasn’t provided Kansas City Southern shareholders with “any actionable alternative,” which many saw as an opening for the Canadian railroad to submit a fresh bid. + +Source: [https://www.wsj.com/articles/canadian-pacific-plans-new-higher-bid-for-kansas-city-southern-11628539276](https://www.wsj.com/articles/canadian-pacific-plans-new-higher-bid-for-kansas-city-southern-11628539276) +He did his own research and came back with "Ethereum is corrupted and centralised, and Ethereum classic will go up in value if Ethereum switches to PoS because miners will switch ....". This made him invest in classic instead of Ethereum. + +I told him that if everyone believed the same thing, that it can become a self fulfilling prophecy (to a point) and ETC could indeed go up in value. Ethereum will certainly get a lot of flak for switching to PoS. Nonetheless (i explained) the fundamentals are still wrong. + +Maybe I'm just venting. +There seems to be two extremes in investors: either you are a hodler or trader. Personally, I am a hodler. I plan to stay with ETH for the long haul, but for hodlers like me I would like to know your opinion. Are you just going to hodl indefinitely or is there a point where you will cash out? + +Also, in your opinion, how much ETH do you need -- or in general -- to be life changing? For me, it's 50 eth. If eth hit 500 and I had 50 I'd cash out. +Does this make sense? I feel that externally, people don't like the idea that an easy fix to retrieve so many millions is being opposed. Plus one person owning that much ether makes the price and future unpredictable. +I know this is a sub for ether trading, but could someone elaborate some on how digix works? I understand that it works with Ethereum, but in what way? And can anyone explain more how it relates to gold. Are they just trying to bring the concept of the gold standard to the Ethereum ecosystem, and if so, I always thought of crypto as a growth investment with risk, whereas gold is normally used as a hedge against loss from growth investments and currency volatility? Please correct me if I'm wrong. + +Also, to provide some background, I'm coming at this from the perspective of a computer science student with a small ether mining operation who is trying to learn as much as I can about trading; I want to eventually get a job in market predictions and cryptocurrency development. + +Thanks for any help. +Im 35 with a family and got into investing when market crashed. + +Me and my wife have a Roth each that we now max out but started late too. They are at 50k total. + +So I see that as my Growth Portfolio. + +I have about 4k in growth stocks in Robinhood that I may sell after long term kicks in. CZR MGM CCL NCHL CUK. + +but I now started buying more Dividend stocks + +326 IVR got these at 2.96 + +53 RWT got these at 4 + +PSXP 36 + +OKE 21 + +USOI 70 + +T - 14 + +I just bout the T and OKE. + +My question is T seems to be in the red for me but I know it has good dividend so I should keep buting right? It seems to float around its current peice alot and not grow really. Is that okay for dividend stocks? + +Is a dividend stock being in the red okay?(not like plummeting but just Some less)? + +Why do people buy stocks that only give 1.5-2% a year as opposed to 5-7% IE aapl msft etc. Is it cause they grow as well? + +What should I add to my dic portfolio? + +When I sell my casino n cruise stocks Ill probably re invest 25% of it and Ill probably add 2000$ outside my roth to dividend stocks. +Hello everyone, + +I'm pretty new to Dividends, and pretty new to investing in general (started not even a year ago, own about a handful of Stocks, nothing crazy) I understand divs and how they work, I just want to see if I have a realistic goal. + +What's a realistic yearly income on Dividends? + +I recently turned 29, I work in the Architecture field, I make decent money and can invest around $500/month. + +Is it possible to own enough div stocks in 10 years time to make a livable amount on dividends yearly so I can quit my job? Lol + +The only Div stocks I own right now are MFA and DAL. + +Couple of other safe ones I've been looking at are SPG & WMT. +Just wondering what kind of yields you guys are getting from your portfolio? + +Also what would be a healthy % to maintain? + +or what is your target? + +&#x200B; + +My portfolio of 39k is yielding 5.56%/ year. So over $2,100 div income/year. + +Im hoping to make it to 10k/year from divs. Which means I would need a portfolio of 180k with my current yield, Yikes! still got ways to go. + +Anyways would like to hear what other people are yielding and if you guys have a plan or target for yield? + +Also do you guys buy into covered calls ETFs and income funds? I have been buying more into them lately instead of individual stocks. Is this a good idea? + +&#x200B; + +Here's a copy of my portfolio for those interested or any feedback would be appreciated + +[https://docs.google.com/spreadsheets/d/1ROWo-DXCncGOpj3a0WrjAf3SQ6s9JIsMaM1rmehw2-I/edit#gid=0](https://docs.google.com/spreadsheets/d/1ROWo-DXCncGOpj3a0WrjAf3SQ6s9JIsMaM1rmehw2-I/edit#gid=0) + +&#x200B; + +edit: im 30 years old +Asking this because I've been having trouble wrapping my head around this. + +If create a folio of dividend stocks that pay out monthly/quarterly and have them staggered so that I receive at least one dividend every week. And suppose i have it so that the dividends pay back into the folio. Does this mean that the dividend that i get paid for one stock can be paid into another stock before its ex dividend date? Essentially mimicking moving their money around for optimal drip (albeit to a lesser extend) + +I'm thinking of the t212 pies as an example + +Sorry if it isn't completely clear but I'm still new to this world and there's probably a name for a strategy like this that I don't know of. +What is everyone’s thoughts on purchasing VYM vs SCHD. I am looking to add positions in one of them and am having a tough time deciding between the two. + +Thank you in advance! +So I'm 35 and looking to retire early, goal is by 50 (hopefully). I don't really have a portfolio besides a 401k yet but I've been doing my research on different types of investing and dividends are what I'm mostly after. Looked up individual stocks, etfs, ylds, reits etc. I've looked up how they're taxed and what not but the one thing I can't find an answer to is what happens when you decide to quit your job and just live off your dividends. + +The idea of never filing a w2 anymore for a job at the end of the year just seems so weird to me. So do you just file your dividend taxes at the end of the year till the end of your days? Is there different tax you end up paying when you retire early that I haven't read up on? + +So I'm curious for ya'll who are currently living job free off of dividends...what happens come tax season? +Can anyone advise on Berkshire Hathaway? I know they don’t do dividends, but I wanted some advise on whether it would be a good buy for a 33yr old young investor. +EDIT: Thank you all so much for the advice! I’ve decided to pull my crypto and tattoo fund (/sad) and then take the rest out of stocks to pay the card to $0. Now that I’m working full-time it will be much easier to budget. + + +I have one credit card that max’s out at $2,800. I currently owe $2,350 on it. + + +- Currently I use it for Costco runs about every month for the miles. +- I pay $300 towards it every month. Right now tends to bounce a bit under $2k before I use it for store runs again. I also have a second job that makes me a couple hundred bucks a month that goes straight toward my credit card, but it still just seems stagnant. + +I have a few nest eggs. My question is, how much of the following should go toward my credit card? + +- Stash account: $623 (tattoo fund) +- Edward Jones stocks: $3,000 (this used to have a lot more in it, but I moved this year and used a lot of it as a cushion. So I’d rather keep the rest in to build up again.) +- Cryptocurrency: $426. If I took this out now I’d lose a little, and was hoping to hold long-term. + +Any advice is welcome. Thank you! +I am a 23 year old male making about 60k a year. I have bout 18k in my employers 401k and I just started my Roth IRA. I will be contributing 500 a month to reach the annual 6k limit. I’m curious on which index fund I should put it in? ( I opened the ira with Schwab) I’ can’t seem to find any good answers from people my age so I’m looking for some good ole wisdom. +Hello everyone. I have a few questions regarding Roth IRA contributions per year. I am a 23 year old male who recently opened an IRA account with fidelity (as in 4 days ago) and I am super new to this so please bear with me. I saw the option to contribute to the 2021 year. I understand the yearly contributions for Roth IRA is limited to $6,000. Given that I only have a few days before the tax year is up to contribute to the 2021 year, am I better off maxing out the $6,000 for 2021 even though that is a HUGE amount of money for me currently? Second question, I already filed my taxes for 2021, will contributed to my 2021 IRA have an affect on this? Do I need to amend anything? + +Lastly, any index funds anyone would recommend? I am thinking doing either FXAIX or FZROX. + +Thanks. +Hey everyone, single 28 year old getting ready to sign my first contract of 95k/year with full benefits. No student loans, no kids, no rent (just utilities). $1400/yr car insurance and a monthly loan payment (30k/5yr/2.9%). Obviously I will max out my 401k (match up to 6%), start a roth IRA, and probably invest in a few vanguard index funds. I currently have 20k in an online account sitting in blue chip stocks. I want to be moderate-aggressive at this point then transition to something a little safer once I settle down. As far as time horizon, I would like to be able to access the money at pretty much any time since I will have a lot tied up long term already. So in addition to these investments, what do you recommend I do with the extra cash on hand so that I can get solid returns? Also, any suggestions on percentages and/or amounts into each account (401, roth ira, index, etc) are welcome! Thanks for your help!!! +Just saying for the BBBY holders, I didn't jump in the train this time but what I'm seeing reminds me a lot of what happened in January 2021. GME had a crazy run up to 150 and out of sudden started to drop to 70. Lots of Apes gave up that day and sold at a loss. What I'm seeing right now is that RC sold his shares but when he did the price didn't drop, it only started to drop like crazy in the AH when most of the Apes cannot sell so there is other people at play there. Do whatever you want with that information but I believe people didn't buy because of RC, they bought because they wanted to activate the short squeeze and I believe it's still possible. + +Anyway good luck to you all +28 m, with about 195k total in savings. What is stopping me from buying a small piece of land on a Caribbean island, building a shack, and living as a beach bum? There are some very lcol areas (rural) +Edit: I think a fair amount of posters took my below post as some pompous dic7 that looks down on the middle class. I grew up middle class, worked hard, saved more, and invested wisely. I do happy hour in nice places and still watch what i spend. As I say in the OP, I like my friends. I'm asking the community's insight how it would change if you socialize with the majority of fatFI primarily. I'm not going to do that but it's an interesting question, IMO. Thanks in advance! + +Is your social circle made up of fatFI or something much less than that? + +The thread about kids and the # of kids got me thinking about this interesting question. My social circle is made up of something much less than that ... I would say that the average net worth in my MCOL social circle is about $1MM, with the average age being 45 ... most would be less than $2.0MM and some (keeping up with the Jones's) are likely to be less than $.5MM. I'm the only male 50 year old NOT grinding in our circle. I like our friends a lot but I do feel that i stick out a bit, and some likely don't think I can't relate to their daily life. + +I wonder sometimes what it would be like with a circle of similar high NW couples/families. I would probably spend more $! +Late 20s, I just want to say I’m so glad I found this subreddit. I became a millionaire due to windfall and over the last few years have grown my portfolio. My goal is eventually hit the $10M NW. + +Now, they say money does not change you but only reveals who you already are. I’ve never been a big spender and showy person, so having money actually made me even MORE so. My family and friends dont know my true net worth, I keep it to myself. + +Now, the flip side is over the years I’ve started to feel lonelier as my portfolio grew... not in the social sense, but in the “am I doing this right? At what point should I pursue a different investment/asset management strategy than the nonNW cases? Asset protection? Insurance? Should I talk to a lawyer or accountant? Can I take on more risk? I’m I stingy with it all?” And it’s very easily to find information to FIRE, but not FatFIRE ($3M+) + + I’m so glad I came across this subreddit and are seeing similar sentiments that I’ve felt on my journey but questioned whether was normal over the years. Stuff like keeping my financial status to myself, worried about losing it all, being more paranoid, being more private, feeling like I’ve got no friend or family in the same mindset. All these things! Wow! + +I’m interested in seeing what are some other things people do differently now they are HN. It can be particular asset management or protection strategies. Or maybe how you raise your kids or interact with family/friends (ex keep it secret). Or maybe New attitude at work. Or perhaps New headaches now you’ve made it (fear, paranoia). It’s pretty general, but I’d love to get more food for the brain from people in similar financial situations. + +Thank you! + + +Startup is raising a new round and I expect it to be easily oversusbcribed as the company is really hot and growing 10% a month for years now. I might exit using secondary markets. Is it typical for a new buyer to be willing to give a premium on the shares in cases like this? +I have been pondering about this for a while. + +Once you are already well in the process of FatFIRE, you would already have multiple revenue streams. + +When looking at bull vs bear market [timeline](https://www.brightscope.com/financial-planning/advice/article/27993/Bull-And-Bear-Markets-A-History/), bear market don’t last very long: +- 2 years. + +So, why not invest aggressively all the time if you have multiple ways of surviving the bear markets? + +What do you guys think? +# Intro + +A very common question in the daily discussion thread is whether to accelerate payments toward low-interest debt or invest the money in the market. Mathematically, if the market is *expected* to have a higher after-tax return than the debt, then it's optimal to invest in the market to get the higher returns and then apply those higher returns to repayment of the debt as late as allowable. The volatility of the market means that you have to be willing to take the risk the market may underperform in the relevant time period, making your bet a loss. + +I bonds are currently a risk-free option to delay repayment of low-interest debt. **I bonds purchased in October 2021 and sold in January 2023 will have a guaranteed return of around 5.33%.** + +**** + +# I Bonds Explained + +[Series I savings bonds](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) are a unique bond offering by the US Treasury. The [Bogleheads wiki](https://www.bogleheads.org/wiki/I_savings_bonds) does an excellent job of walking the new user through the relevant mechanics, but I will summarize the high-yield points below. + +* **I bonds can only be purchased through the Treasury.** The most common way to purchase them is electronically through the Treasury Direct website linked above. +* **I bonds are guaranteed never to lose money.** The will, by design and by law, return the principle amount invested plus an adjustment for inflation such that the minimum real return (before taxes) is 0%. +* **The typical purchase limit for I bonds is $10,000 per person per calendar year.** You can buy $10k in I bonds in Dec and buy another $10k in Jan. +* **You cannot sell I bonds within the first year of purchase**, and if you sell within the first 5 years you forfeit 3 months' worth of interest. +* **I bond interest is composed of a fixed rate and a variable inflation-adjusted rate**, the latter of which is adjusted every 6 months. +* **I bond interest is taxed federally and state- and local-tax exempt.** + +I bond rates are set every six months in May and November, and no matter when you buy you will get 6 months' worth of interest at the prevailing rate at the time of purchase: + +Issue month of your bond | New rates take effect +---|--- +January | January 1 and July 1 +February|February 1 and August 1 +March|March 1 and September 1 +April|April 1 and October 1 +May|May 1 and November 1 +June|June 1 and December 1 +July|July 1 and January 1 +August|August 1 and February 1 +September|September 1 and March 1 +October|October 1 and April 1 +November|November 1 and May 1 +December|December 1 and June 1 + +**** + +# I Bonds as a Risk-Free Hedge + +From the above, I hope it is now plain that if I bonds are offering a nominal after-tax return that's higher than your low-interest debt, you can put up to $10k per year into I bonds, hold them for as long as the return is higher than your debt, and sell them for a profit. If you have the cash to put an extra $10k into your mortgage or student loan at 3% you could instead put that $10k into I bonds for 12-15+ months. **As long as the after-tax return on I bonds exceeds your other debt, you come out ahead with zero risk.** + +**** + +# Buy Now or in November? + +You may have heard that the annualized interest rate on an I bond is currently 3.54%, and will jump up in November to 7.12%. Should you buy now (in October), or wait for November? The key here is to realize that you always get 6 months of whatever the prevailing rate was when you purchased the bond, and you always get the future rate increases just offset. + +If you look at the table above, buying in October means your rates are set and reset in October and April each year. This means that if you buy now, you will get the 3.54% annualized rate from October '21 to April '22. In April '22, you will start getting the 7.12% annualized rate from April '22 to October '22. Starting in October '22, you will get whatever the rate was when it was reset in May '22. + +If you buy in November, you immediately get the November '21 rate of 7.12% (annualized). This lasts until May '22, when you start getting the rate that's set in May '22. If you buy in November or May of any year, you are "on cycle." + +**If you will sell in October 2022** (and thus forfeit 3 months of interest from July-September at the Nov '21 rate of 7.12% annualized), wait until November '21 to purchase because by purchasing in November you will immediately start at the 7.12% annualized rate and the interest you forfeit will be whatever the May '22 rate is, which is almost certainly lower than 7.12% annualized. + +**If you will sell Jan 2023 or later**, it is *likely* better to buy in October '21. You will get the 3.54% rate until April '22, then the 7.12% rate until Oct '22, then whatever the May '22 rate is until April '23. If the May '22 rate is lower than 3.54% annualized, you'll forfeit 3 months of that lower rate and come out ahead. + +**** + +# Other Miscellany + +Remember to factor in federal taxes on your interest. If you get the guaranteed 5.33% interest highlighted in the Intro, remember you will pay federal taxes on this. If your federal marginal tax rate is 22%, you will have an after-tax return of 4.15%. This is still better than any other guaranteed money in 1 year and beats many low-interest loans out there. What I would recommend is that once you see the after-tax I bond rate drop below your debt interest rate, hold it for 3 additional months (i.e. the months you'll forfeit) and then sell. + +You can time the purchase and sale of I bonds to reduce the forfeited interest to 2 months and a few days. When you purchase an I bond, the sale is backdated to the first of the month and you are credited for interest for the entire month. So an I bond purchased on October 31 will give you interest for the entire month of October and act as if it were purchased on October 1. When you sell an I bond, you get no credit for a partial month, so it is in your interest to sell at the beginning of the month. So if you purchase on October 31, 2021 and sell on October 2, 2022, you will have owned the bond for 11 months and 2 days. You will get credited interest for 9 months (forfeiting the last 3 months), losing out on only 2 months and 2 days of interest. +As someone who’s economics is getting a bit hazy and who is a big VDHG fan like basically everyone else on this sub, I’ve read a fair few headlines over the years about the dangers of ETFs or how they might distort the market etc etc. + + +I understand a lot of that is pro-managed fund stuff, so they dislike ETFs for obvious reasons, but surely there are some effects on the market in the trend towards Vanguard et al and how much money is being poured into passive indexes via super and stuff. I’ve seen data in the past about how significant passive investing has become. + + +Does this inflate the top 200/500 companies in the market and distort the value of mid cap stocks? Does it lead to some sort of “market inertia”/inefficiency that might not be there with more money being actively invested? I’m curious, there’s gotta be some significant effects with all this money being poured in. +Basically the title. My parents are being really really super stubborn and not wanting to write a will because they don’t believe in it ‘religiously’. They want me to sort out everything if they die. I’m trying to convince them they absolutely should because one of those things is that I would have to pay stamp duty on a house (which I can’t afford). About 350K in stamp duty which I absolutely don’t have. Is this true? The house has 0 debt so I guess it has that going for it but surely my parents are being dumb here. +Black Rock Capital's Chief Investment Officer, Rick Reider, was live on CNBC where he said, "The flood into high quality assets, because liquidity is so large, there is literally no value in the markets today.” ([Link](https://youtube.com/shorts/MeKMOrn7nEk?feature=share), credit to u/adventuresofjt). He was telling us the market is basically rotten and about to collapse. Let's unpack what he said, glimpse over the edge at what the collapse might look like, and learn together (as I am not an economist, only a barrister). Scroll to the bottom if you want one ape's take on what the first few domino falls might look like and why it may impact you and your family. + +I was asked to post this, so please take it with a grain of salt and do your own DD. + +**THE ISSUE OF MARKET LIQUIDITY AND WHY IT MATTERS** + +Governments have been printing cash to prop up businesses so they can survive the COVID-19 pandemic. This means there is a lot of "liquidity" in the market right now, but maybe not much in the way of goods or services to back up the value of that cash (i.e., these businesses might not be able to repay their debts and may collapse under their own weight). [Here is an article from January 2021](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/liquidity-flood-keeps-lid-on-distressed-levels-62246488) that explains the liquidity issue Mr. Savi spoke of and why it matters. Helpful snippets from the article: + +"The primary market too is awash with cash, allowing high-yield and leveraged loan borrowers to tap funding at cheap rates, despite falling revenues due to COVID-19. As one buyside account said this week: 'Some companies are worse off than a year ago, and they are borrowing money at cheaper rates than ever.' 'It feels like we are back to pre-crisis levels almost, and the default rate has not really spiked, even though everyone knows Q1 is a write-off in terms of normal business activity,' said another buyside manager this week. + +'Some companies, especially in the leisure and retail sectors, just see their leverage multiples rising and rising, but as long as they have liquidity, no one seems to care. You would think that sooner or later this could catch up with us.' ... Restructuring advisers agree that unlike in past crises, liquidity will be the main driver of defaults. But there is indeed a risk that the current accumulation of debt due to cheap rates could come back and bite both borrowers and investors. 'High-yield sometimes used to be 10%-plus, but with non-investment-grade spreads as low as they are, pressure from interest payments is not what it once was. However, following the COVID-19 recession, liquidity shortfalls stemming from businesses ramping up to pre-crisis levels of activity will be a major driver of default rates going forward,' said Joseph Swanson, co-head of Houlihan Lokey's EMEA Restructuring Group.' " + +**WHAT THIS ALL MEANS: "THE DOOM AND GLOOM"** + +Think about the scene in The Big Short where the stripper tells Mark Baum (played by Steve Carell) that she owns three homes that she should not have qualified for because she got them at low interest rates *and without income verification.* She then realizes that if those interest rates shift, she's in trouble. That is the point where Mark Baum (in the movie) realizes the housing market bubble is real and it is going to burst because people are living paycheck to paycheck and they otherwise cannot afford their homes. Now replace the stripper with businesses that have not had any real income over the past year ("zombie companies"). As of November 2020, over 1/5 of companies examined in the U.S. are believed to be zombie companies. [Link.](https://www.barrons.com/articles/more-zombie-companies-have-cropped-up-during-the-pandemic-51606132808) Zombie companies have been limping along, hoping to survive the COVID-19 crisis, and low interest loans from the government/banks (*see* "liquidity") have helped them do that, but what happens if anything shifts (e.g., interest rates go up, or these companies run out of cash before they can generate real income again)? Boom. + +The zombie companies fail and default on their loans, banks and investors take a hit, and *people lose their jobs.* Those people who lost their jobs might have bought homes during the crisis too, so they now default on their mortgages as people desperate to sell flood the housing market with inventory. This decreases the average home price. Boom. Now other people kept their jobs and/or bought homes at lower prices are now super under water on THEIR mortgages. They are now chained to that debt, and if anything happens to their jobs/health/etc., then they can easily lose everything. Now, remember all those people who lost their jobs with the (now fully dead) zombie companies? They create a lot of extra talent competing for the "survivors' " jobs, which may deflate wages, meaning it is harder for the "survivors" to afford *their* mortgages, leading to more potential defaults. Boom. + + What about retirement plans and savings? Surely people may be able to fall back on those? Maybe, unless the banks/HFs sold junk bonds to your retirement plan administrator, or the entity managing your fund screws up and gets liquidated, costing those folks their retirement. [Link.](https://www.reuters.com/article/usa-infinityq-compliance-idUSL1N2M82MU) Boom. + +This in turn creates panic and people try to buy non-perishable goods so they can weather the storm (sound familiar?) Boom. Sprinkle in Dr. Burry's concern about hyperinflation, and even if you have money, it may not take you as far as it once would. + +For a historical comparison (draw your own conclusions), check out [this sequence of events](https://www.historic-newspapers.com/blog/great-depression-timeline/) from the U.S.' Great Depression. November 23rd looks particularly interesting to me. + +This is not financial or legal advice. Please do your own research and hopefully prove me wrong. + +Edits: Formatting, correcting Mr. Rieder’s name. +I can’t speak for everyone but every single weekday I wake up fully prepared to suddenly become a megamillionaire. The possibility is there and one day the starfish *will be right*. + +On the flip side, every single day (yes weekends too) for institutions with short exposure to Gamestop is met with **dread and fear**. They are really fighting to not lose everything and transfer all their ill-gotten wealth back to the 99%. + +Apes have their foot on the SHF necks by buying, holding and **direct registering** shares all day every day, Gamestop is becoming a juggernaut in the tech industry behind the scenes and the world’s economy is headed towards a cliff *fast*. Anything could cause the 1000th cut and our world is changed forever. Couldn’t ask for a better crowd to usher in a new era with, LFG! ✌🏼💎 +What is the best personal finance book you've read that has greatly impacted your path to fatFIRE? + +I'm looking for a gift for my husband who is 1. hard to buy for 2. wants to fatFire in the next 10 years. + +&#x200B; + +&#x200B; +I'm just about the biggest Nintendo fanboy around, so take this with a grain of salt: but it seems insane to me that we're at a 52w low. Yes, I know there's no sign of Switch Pro yet, but IMHO next year's lineup looks amazing, Switch Pro or Switch 2 will be announced soon, hopefully the movie is a box office hit and opens things up to new folks. The Pikmin mobile app is pretty great too! Plus that fat dividend. + +Anyway, I'm long regardless and will keep collecting the dividend/supporting mostly because I'm a fan. But curious for everyone's thoughts. +Not to get the fanbois all upset, but we are seeing something pretty peculiar with Tesla’s growth this year. You can try and justify it but at the end of the day it’s really hard to be rational about their price and value. Bubble/speculation/battery tech argument aside, if you bought anywhere between 300-750, and are still holding, what’s the goal? Are you holding for the long term? Closing at 1371, I’d have a really hard time not cashing my check and getting the F*** out. +This is the second time my card info was stolen with Coinbase. My first card showed someone in Australia tried to buy shoes for $12. It got declined since I had no money on the card at the time. Ordered a new card and before I got the card I received a notification that someone tried to charge my new card $50 at a flower shop. Contacted support and they just told me to order a new card. I moved everything off of Coinbase but it doesn’t seem like my account itself is compromised just the card. Has this happened to anyone else? +Sharing this Bitcoin rumination I had while taking a dump yesterday. The fact that these corrections - which are large comparable to stocks and other assets - happen regularly to the point that it is an expected, even celebrated occurrence in the world of Bitcoin, to me, this is the strongest evidence that Bitcoin is not "one big bubble". If you disagree with me, please explain why I'm wrong - I'm very eager to develop a better understanding of this. + + +Does Bitcoin's price get ahead of itself sometimes following positive news, to the point that it is temporarily over-valued? Of course. And this naturally creates opportune selling points for whales, traders, and folks that have already made 10X+... yet as the price dips and dips, it has always reached an equilibrium point where the world rushes in to buy the discount - because the world recognizes Bitcoin as a valuable and desired asset. Over time, I believe these dips help shape a more even (that is, uniform) distribution of Bitcoin among those that hold the asset, as the long-time holders and whales give up their disproportionately-accumulated Bitcoin, and the resulting buying opportunities allow this to distribute this BTC more evenly among the rest of the crypto-nerds. + +I don't fully understand the swirl of market forces that generate these corrections, and perhaps my outlook is a bit naïve. But I'm starting to think these dips are a natural part of Bitcoin's growth curve that actually protect the asset in the long-run. +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! + +It seems that when I buy on Coinbase, if let's say ETH is showing a price of $198.5... when I actually go to purchase the ETH I end up paying 199.76 + $2.99 Coinbase fee. + + +Is the $199.76 the actual ask price at the time? Why does it always turn out to be a little higher than what Coinbase shows? +When I saw [extra moderators](https://np.reddit.com/r/ethtrader/comments/46cr4q/new_mods_changes_rules/) were assigned on /r/ethtrader +I started to worry immediately but I didn't say a thing. + +But after seeing removals on /r/ethtrader this week that I would not categorize as viagra spam, it's time for a post like this. + +**Dear moderators: Reddit is mainly and foremost a self-moderating system.** + +This means users can use upvotes or downvotes when they see content they like or dislike. + +When something gets a lot of down votes, only a few will ever get to see the content and that's how a sub can self-moderate itself. + +It's not because you as a moderator, personally don't like something, that you can just mark it as "spam". If something is "spam" to you, it's not spam in the sense of the real meaning behind spam. + + +**What is spam?** + +Spam is people on /r/ethtrader trying to sell viagra pills. + +Spam is phising posts. Spam is malware links. + + +**So what is not spam?** + +DAPPs that **genuinely work**. + +We are here at /r/ethtrader . + +EthTrader is an important place for people to get a feeling of the worthiness of the Ethereum network. To see **all** the possibilities of this protocol. EthTrader is also a place for people to try earning more ETH. + +As an **informed trader**, I want to see **posts** of **any kind of DAPPs** that are **possible** on the **Ethereum network**. + +You don't remove DAPPs when you as a moderator don't like it. + +If users see a DAPP they don't like, they have to use the **downvote** button, **not the report** button. + + +**An example:** + +Pyramid DAPPs. We all know them. The opinions on them are very mixed. + +But it's vital that we look at them from a technical and unbiased point of view. + +Pyramids are most of the time zero-sum games. Meaning: what someone loses, is won by the other. Thanks to Ethereum, their rules are also entirely transparent so they aren't scams either. + +It's gambling, just like poker. It are games. + +If you want to make profits in these kind of games, you actually can, when you know a thing or two about **Game Theory**. + +Technically, Ethereum is capable of running gambling games, that includes pyramids. + +Objectively speaking, Pyramids are genuine dapps. And yes, **you** can hate them, but **other people** can love them. This is a free community, a free society, where everyone has the right to see content they prefer. + +**But what do we see?** + +Moderators on /r/ethtrader personally don't really like these kind of games, so they remove them, mark them as "spam". They don't care about the democratic process. They take one side and that becomes law. + +Again, these are genuine gambling games running on Ethereum, yet they get removed as spam. So moderators are basically already censoring games that are part of a 50 billion USD industry right off the bat, while Ethereum itself hasn't even been online for a year. + +**What's the next step?** + +- Are we going to remove Poker DAPPs because moderator X sucked at poker as a teenager and gambled away his daddies car? + +- Or are we going to actually allow Poker DAPPs so people can learn, see (and for those interested, use) the Poker DAPP to see what's possible on the Ethereum network. + +Please don't go over this lightly. I'm trying to make an important point here. + +Maybe a quick lesson on /r/Bitcoin history might fit here. /u/Theymos didn't like the Bitcoin Classic version, so he decided to mark it as **spam**. We all now know this has lead to a digital civil war on Bitcoin which it might never recover from. Only the interests of one side were met, while the other side got silenced. + +When moderators start **censoring dapps** because they personally don't like its type, they are basically doing the same thing. + +They are **imposing** what **they believe** a DAPP should be and look like. + +And that's a huge problem. + +**It's not up to the moderators to decide** that DAPPs on Ethereum shouldn't be Pyramids. If we are going in that direction, then where are we going to draw the line? + +*Most recent example: https://np.reddit.com/r/ethtrader/comments/4dfppm/eth_wealth_distribution_experiment_0_fee_supports/* + +*I don't like that [removed]. I could've given it an upvote as an interested user. Let the up and down votes decide.* +Hi ya all , +My main question is what effect will be on the ethereum price with the upcoming halving "event" on bitcoin in july, +And if there is inverse relationship between bitcoin and ethereum that will effect the price go up within bitcoin downtrend in case of his failure after/before the halving? +thanks ahead . +Previous crypto bull runs have still have relatively small audiences paying attention to their successes, with a fairly niche group of people - generally younger and more willing to accept new technology - leading the way in crypto acceptance. + +However, 2021’s run saw crypto blow onto the main stage, with institutional investors getting on board from some of the world’s most prominent companies, all the way to inviting an entirely new wave of users (myself one of them). + +Through the last bull run, we saw innovation in the space explode and it’s now easier than ever to purchase crypto. Even my own mother has some, and she’s pretty damn old! An app local to my country allows her to purchase major cryptos, and even gold/silver as hedges too. Very forward thinking, very new, very exciting! + +My point is, the market audience for crypto and the amount of people now aware of its potential is greater than ever. In the past, it’s been a particular kind of person to invest in crypto. + +Now, it could be grandparents, institutions, businesses, families, west, east, you name it. The exposure is there, and the ability to purchase is easier than ever seen. All of these people have seen what crypto is capable of, and no one will want to miss out next time. + +Don’t let this hopium injection get you too riled up though. The economic state of the world isn’t too flash hot at the moment, another bull run isn’t quite ready to explode for a time (in my opinion anyway). However, when it does I think it will be *massive*. + +No one ever made money when the market pumps, the real wealth is made in times such as these. +Yahoo's board wants to sell its core business for $10 billion, and Microsoft is willing to provide financial help to whoever is interested in a deal + +The report said that Microsoft has been meeting with a number of private-equity firms that may be interested in buying Yahoo's core business, which includes its online search and advertising business, with the idea of providing "significant financing" help. + +http://www.businessinsider.com/yahoo-wants-10-billion-microsoft-could-back-the-bidder-2016-3 +I was looking at old DFV tweets and came across [this post](https://twitter.com/TheRoaringKitty/status/1341024905425547266?s=20) about his attorney + +https://preview.redd.it/fdnpl4253hs71.jpg?width=599&format=pjpg&auto=webp&s=59b096caafc2d41046dd4534ecbe79449a266a6c + + + +**About Ryan Nebel**: Ryan represents and provides strategic guidance to hedge funds and other investors in matters concerning shareholder activism, proxy contests, mergers and acquisitions, corporate governance and other related matters. **Ryan has experience advising shareholder clients regarding Schedule 13D investments in public companies and activist strategies, including proxy contests, withhold campaigns, consent solicitations, settlement negotiations and hostile takeovers.** + +Ryan has been named as a "Recommended Lawyer" and a “Key Lawyer” in The Legal 500 United States guide for M&A/Corporate and Commercial: Shareholder Activism - advice to shareholders. He has also been named as an “Up and Coming” lawyer by Chambers USA and a New York “Rising Star” by Super Lawyers.  + +Ryan received his J.D. from the University of Oregon School of Law, first in his class and Order of the Coif, and his B.S., magna cum laude, from the University of Louisville. He is admitted to practice in New York. - [https://www.olshanlaw.com/attorneys-Ryan-Nebel.html](https://www.olshanlaw.com/attorneys-Ryan-Nebel.html) + +As of RC Ventures latest 13d filing, he is still RC's attorney - [https://fintel.io/doc/sec-gme-gamestop-rc-ventures-llc-sc-13da-2021-january-11-18639](https://fintel.io/doc/sec-gme-gamestop-rc-ventures-llc-sc-13da-2021-january-11-18639) + +&#x200B; + +**The law firm Olshan Law:** Leveraging our experience in regulatory compliance, [corporate governance](http://www.olshanlaw.com/practices-Corporate-Governance.html) and federal and state [securities law](http://www.olshanlaw.com/practices-Securities-Law-Capital-Markets.html), we serve as general and special counsel for a large and diverse group of companies with securities listed on the New York Stock Exchange (NYSE), NYSE Amex and Nasdaq markets. Ranging from national and multinational businesses to small and middle-market issuers, our clients depend on us to help them navigate the complexities of Securities and Exchange Commission (SEC) reporting requirements, corporate governance guidelines, general disclosure compliance and other related matters. - [https://www.olshanlaw.com/practices-Corporate-Securities-Law.html](https://www.olshanlaw.com/practices-Corporate-Securities-Law.html) + +&#x200B; + +I just thought all of this was interesting and I don't think I've seen anything about it, but RC has a good ass legal team. I think we are in good hands. What do you all think? +First off, let's start with a disclaimer: I have never pursued a dividend strategy or build my portfolio around one. My entire portfolio was build around three funds, VTSAX, VTIAX and VBTLX. + +With that out of the way, here is my current situation and the basis of my question: + +Currently my 3 fund portfolio pays out about $60K a year in dividends and distributions. During COVID my wife and I moved to a VLCOL area and we now live comfortably on $45K a year, with all of our material needs met, including medical and whatnot, and we plan on staying where we are permanently. + +So we are thinking about pulling the trigger and instead of trying to figure out a withdraw strategy that might involve variable withdraw rates, guardrails, floors, CAPE, etc...why not keep it simple and rely solely on the dividend payouts and forget about everything else? + +Am I missing anything here? Are there any pitfalls from this approach that I am failing to consider? One thing that comes to mind is that dividend payouts might not track inflation perfectly, but since our current expenses are $15K bellow the payout, we should be fine. And worse comes to worse, I can always sell some stock down the line to cover the difference if in a particular year we have an emergency that requires large expenses beyond what the yearly dividend payout is. + +&#x200B; + +Let me know if you guys think I am missing something. +Oh weird... a huge influx of option trading on TSLA which later shifted to MSFT? Where did I see that happening in the past couple weeks? Hmm... + + +https://finance.yahoo.com/news/frenzied-tesla-speculators-propel-77-130203692.html?.tsrc=rss + + +https://finance.yahoo.com/news/tech-titans-market-heft-could-173021962.html +Hi PF. About a month ago, I saw on my Bank of America account that a fraudulent charge of $1000 was made at a Home Depot in a city maybe about thirty minute drive away. I disputed it, and they sent me a new card. Today, I received in the mail that they said that because the chip was read, they're going to still make me cough up the money for it. I have never gone to that specific Home Depot and my card has always been on my person, so no one could have taken it. I have also only used it to pay for gas at this one gas station in the past two-three billing cycles before this fraud charge, so I am definitely sure that someone there must have cloned it somehow. I [posted](https://www.reddit.com/r/netsecstudents/comments/7ol6gg/question_my_chip_enabled_cc_got_was_used_by/) about how this could be possible, and there seems that there could be some weaknesses in how the chip protocol is implemented. Additionally, it seems like I'm not the only person this has happened to based on [older PF posts](https://www.reddit.com/r/personalfinance/comments/4v4qb5/bank_is_refusing_to_refund_fraud_visa_charges_of/), coincidentally also from BoA. However, it doesn't seem like there has been a resolution to that post that I saw, so does someone have advice on how to proceed? +Thank you! + +==Update 2== +So I went to my local branch and asked for an affidavit so I could file a police report. They gave me a fucking ridiculous loop around and in the way I didn't get one. They did reopen the case, but get this. They only push off not making you pay the first time you file fraud dispute. However, After that you're responsible for amount stolen from you INCLUDING INTEREST even though they reopened the case! As soon as I got home I called their fraud department. Long story short, they transferred me to 3 different locations until basically they said they would mail me the receipt of the purchase with the signature and the affidavit by snail mail, which could take a week. They also said an analyst would also look into it in a week or two. Notice the timing of those. Not only am I still on the hook for the $1000, but they're also taking a week for me to get the police process started and to be cooperative. Extremely frustrating. My advice and take away is Bank of America is only out for their own interest, do not look after their customers or care about their security, and are there to screw you over. + +==Update== +So I drove to the police station nearest to that Home Depot and they said I needed an affidavit from BoA before I could file a police report. However, I found the police department let's you file it online as well so I went ahead and did that. I also visited the Home Depot itself and was able to get a copy of the receipt. However, the receipt does not say whether it was PIN or signed, but it does show the time stamp. And that the purchase was as a gift card (surprise surprise). Unfortunately they were pretty adamantly against letting me see the CCTV footage but I was watching the person printing the receipt and it seemed like it was there. Scheduled a meeting with BoA for Tuesday which is the earliest they open after Presidents day. Not sure what I am going to tell them other than I filed a police report and would like to see if there was a signature. And that I'm going to close mine and the rest of my family's >12 year accounts with them. +WASHINGTON -- The FBI, in aided in its investigation by the NSA and DEA, today issued 38 subpoenas to Internet-related companies and individuals, sources report. + +The full list includes Netscape, AOL, eBay, Yahoo!, Lycos, GeoCities, HotMail, Tim Berners-Lee, and Marc Andreessen. + +FBI Director Robert Mueller issued the following statement: "If the Internet remains a virtual Wild West for narcotraffickers and other criminals, that would not only threaten our country’s national security, but also the very existence of the Internet industry as a legitimate business enterprise." + +Indeed, experts have speculated on the possibility of Internet applications that aid terrorists and put at risk our national security interests. + +"Suppose maps become digitized and freely available on the Internet" says a spokesman for the Department of Homeland Security. "Suddenly, terrorists have access to military grade technology for selecting, scoping, and planning their attacks. Citizens will be helpless. Access to such tools must be strictly controlled" + +Technologies to send mail electronically, dubbed "e-mail," have also raised concerns. Experts predict that this tool will be exploited by pedophiles around the world to distribute child pornography. "Regulation of E-mail is our top priority" says Postmaster General Patrick R. Donahoe. "We have made it our goal to ensure that every E-mail sent is tracked and stored. This database will be made accessible to law enforcement officials around the country, to ensure our nations safety." + +Cyber-anarchists, who oppose regulation of the Internet, have pushed forward the dangerous concept of "net-neutrality." This idea has been denounced by spokesmen for the movie, music, radio, newspaper, book, magazine, advertising, television, and sports industries: "It will destroy jobs, plain and simple. Net-neutrality is nothing more than a ploy to subvert and destroy our time tested business models." + +Not all in the industry oppose regulation, however. Says Cisco CEO John Chambers: "Regulation is a sign that the Internet is reaching mainstream acceptance, which is why we are partnering with the NSA to install hardware based tracking on all our routers. Such moves can only bring legitimacy to the Internet." +I've always believed that LinkedIn reveals way too much of your personal information. It's a scammer's dream. Your entire employment and education history and a smiling picture of you can be easily skimmed off the site. + +On the flipside, I understand the disadvantage I am at by not having an online presence. By being invisible online I am also invisible to recruitment agencies and headhunters who I know would offer me a better package than where I currently work. + +I had a co-worker who was headhunted on LinkedIn and switched jobs immediately after he received an amazing offer. I am happy where I currently work but I'm also curious to see what offers might await me. +I own my place outright, a 2 bedroom 2 bathroom place, in great condition and renovated a few years ago. My partner of 3 years is moving in with me. I make 85k, he makes 95k. He is currently paying ~~$1000~~ **(update: $1600)** to rent a room **(update: and bathroom)** in a house that is significantly older and in worse shape than mine. If he was living in a studio, that's $1700, a 1 bedroom is $2250 and a 2 bedroom is $2400 (local prices). How much should I charge my partner for rent? + +I was thinking that it should be either half of a 1 bedroom or a full studio rental cost ($1125-$1700). However, both these numbers seem too high when I don't have a mortgage. How do I have us both benefit in this scenario? Is there a formula I can use? I don't really know what to do. + +I'm also asking my partner to contribute $100 a month to gas and car maintenance in order for me to drive him around as he requests (he does not drive and will need transport regularly). $100 is about 1/3 of my car expenditures (I don't have a car payment). Does this seem fair? + +**Edit:** I've talked to my partner to ask about his expenses and currently he pays $1600 including utilities for a large basement bedroom and his own bathroom. I was WAY off with my guess of $1000, that was from when we started dating. + +**Edit 2:** Everyone asking why we don't just split bills, I can't just split bills, I must charge rent or he can become entitled to ownership of my home under Canadian law. It is different in America. I owned the home outright and renovated it myself before we began dating so I don't want to give away ownership in this fashion. +pretty much what the title says. Is there a way to introduce such a rule? At this point it should be clear to EVERY APE that we‘re not here to post our gains/losses nor positions, so the only ones who will want to really spread FUD will be the shills posting their sell orders so that we‘re going to panic sell. + +BUY. HODL. (Vote for the next meeting i guess?) 💎🚀 +I started playing chess competitively over the pandemic. I'm an 1100 rated player after several months of play. Fair to middling, nothing to write home about. + +For those of you who don't play competitively, chess is a brutally unforgiving game. If you accidentally lose a piece worth more than a pawn without taking one of equal value, the game usually tilts decisively in your opponent's favour as long as they know what they're doing and press their advantage carefully. When that happens, you need to stay on your toes and look hard for your opportunity to claw your way back into the game. Sometimes one arrives, sometimes one doesn't. It's also possible to make such a huge mistake that you can all but guarantee defeat from a completely winning position with a single terrible move. + +Usually, when a player commits a game-ending blunder like hanging a queen, they just resign and move on to the next game. Sometimes people will play it out, and that's a completely respectable choice, in my opinion: why not try to find a crack in the armour and swindle a draw or a win? But there's a certain type of player who follows a script after making a game-ending blunder, and I see it at least once every 15-20 games or so. If you look closely, you'll see something resembling the stages of grief. + +First, the game seems to freeze for a second, especially if moves were being played quickly before the blunder. They take a beat to process what just happened, and realize that they're living on borrowed time. + +Next, they ask for a draw. I don't know why they bother with this, because I seriously doubt it ever works. Nobody would accept a draw from a clearly winning position that they earned. + +When the draw is declined, some players will then berate me if they speak English. Some players will say nothing. + +But finally, instead of doing the decent thing and resigning or playing the game out, they decide to let their clock run and lose on time instead out of spite. "You win the game? Fine. I'm gonna waste several minutes of your life for it, and there isn't a damn thing you can do about it." + +I don't know these opponents from a stranger on the street, but if I'm speculating, I'd say they probably share traits from my opponents in the stock market, who are on the other side of my trades instead of my chessboard. I'd say they probably have the same desire to win at all costs, the same sense of entitlement that leads to an expectation that they will beat any opponent they face, and the same sense of vindictiveness that drives their desire to put one over on people who do get the best of them. I think the biggest difference between the two is that the hedge fund managers don't lose very often. It's a bigger shock when you're accustomed to stockpiling multi-billion dollar profits and you realize you hung a backrank mate and blew up your hedge fund. + +Chess and the markets, like our opponents in each, are similar and different. Both chess and the markets are unforgiving, and a single wrong move can mean game over. I think that's where the similarities end, though. Chess is just a game. Losses in chess only affect your life if you let them. The stock market is real life. Losses there can affect your life significantly. In chess, both players have perfect information. In the markets, parties generally have very little information, comparatively speaking. Institutions have better information than retail and certain mechanical advantages, but nobody has the complete picture. + +Because the markets are so informationally imperfect, we aren't sure what moves, if any, they have left to play. We don't know how much time is left on their clock before they lose on time. We don't even know what they're up to in a general sense at any given moment, but we can look at data to try to glean what they've done in the past. + +I'm not entertaining the possibility that they've resigned. If I thought it were possible that shorts covered, I wouldn't be here. + +It is plausible that they're going with option 2, and deciding to play it out by using every last second of time they have before getting margin called to find a crack in our armour and swindle a draw or a win. + +It is also plausible that they're going with option 3, and they are essentially out of moves to play to salvage their position. They offered us a draw from our little jump to 325 or so, they used financial media to hurl insults at us, and now they're letting the clock run out of spite. + +The nice thing is that I'll do the exact same thing for both of these options... + +...buy and hodl. +Where are we in the current bull market? Not even close to the Peak. 200-300k btc and 20k ETH coming, so hang onto your hats. + +There’s a super interesting and useful article that was posted yesterday. I’ve been here about 7 years now, definitely haven’t made any real gains during that time, but just bided my time and paid attention to long term patterns. I got scammed and lost 20k back in 2015. Basically my entire life savings. Had to start over and dig out of a massive hole. I didn’t give up. I persisted and came back from my lowest point ever in life. Now I’m here and 2021 is the time to get rich! For all of us, friends. + +I especially pay attention to Charlie Lee, who sold all his Litecoin at $350. He basically called the last market top to a T. He says we have a LONG way to go in this current bull run. + +Usually, we see 15x-16x gains from peak to market peak. We’ve only hit 3x so far in this market cycle. That means we could be looking at 300k Bitcoin in the not too distant future. And 21k ETH. + +If we all follow this, we are going to make some serious coin. No matter when you bought, no matter how much or how little you have, if you wait and sell during the euphoria (blow off top) when there’s a 2x price increase in a 24 hour span, you are destined for massive gains. Then, buy back in a few months later when the market is crashing 80% all the way back to 2T (current levels). + +The article is on cointelegraph and it’s called “How to prepare for the end of the bull run, Part 1: Timing” I’m posting the actual link in the comments below so it doesn’t get deleted. + +Curious to hear your thoughts, and this article has me feeling so damn bullish. Good luck friends, may the riches ever be in your favor. +Where are we in the current bull market? Not even close to the Peak. 200-300k btc and 20k ETH coming, so hang onto your hats. + +There’s a super interesting and useful article that was posted yesterday. I’ve been here about 7 years now, definitely haven’t made any real gains during that time, but just bided my time and paid attention to long term patterns. I got scammed and lost 20k back in 2015. Basically my entire life savings. Had to start over and dig out of a massive hole. I didn’t give up. I persisted and came back from my lowest point ever in life. Now I’m here and 2021 is the time to get rich! For all of us, friends. + +I especially pay attention to Charlie Lee, who sold all his Litecoin at $350. He basically called the last market top to a T. He says we have a LONG way to go in this current bull run. + +Usually, we see 15x-16x gains from peak to market peak. We’ve only hit 3x so far in this market cycle. That means we could be looking at 300k Bitcoin in the not too distant future. And 21k ETH. + +If we all follow this, we are going to make some serious coin. No matter when you bought, no matter how much or how little you have, if you wait and sell during the euphoria (blow off top) when there’s a 2x price increase in a 24 hour span, you are destined for massive gains. Then, buy back in a few months later when the market is crashing 80% all the way back to 2T (current levels). + +The article is on cointelegraph and it’s called “How to prepare for the end of the bull run, Part 1: Timing” I’m posting the actual link in the comments below so it doesn’t get deleted. + +Curious to hear your thoughts, and this article has me feeling so damn bullish. Good luck friends, may the riches ever be in your favor. +I just received a new direct mailer offer. Normally I'm fine with them though they are a waste of my time and the sender's resources. But this time I'm miffed. This mailer contains a specific lie and scare tactic. As a full time REI. This is the kind of stuff that really chaps my ass. [This is the mailer sent to me. these people should be shunned and shamed.](https://imgur.com/a/vQcr0Hr) +I just received a new direct mailer offer. Normally I'm fine with them though they are a waste of my time and the sender's resources. But this time I'm miffed. This mailer contains a specific lie and scare tactic. As a full time REI. This is the kind of stuff that really chaps my ass. [This is the mailer sent to me. these people should be shunned and shamed.](https://imgur.com/a/vQcr0Hr) +What is the rationale for doing this, if so? + +The only thought I can come up with is that investors may want some sort of financial performance metric that is independent from the financing methods used to own the property. + +To clarify, this would mean that regardless of whether I am an all-cash investor or if I am using a 5% down FHA loan, I would be able to use cap rate as a metric unaffected by these criteria. +I’m in contract on my 4th MF right now and I’ve always hired a home inspector, a sewer line camera, roof and termite (California). Well this agent I’m working with (also seller’s agent, my design) said most of his MF buyers don’t hire residential home inspectors. That they walk around and inspect themselves. Now granted most of the time the home inspectors bring up a bunch of nonsense issues I’ve never considered not hiring one. +I see why the agent doesn’t want me to have another person walk through, especially during Covid. +Thoughts?? +I’m in contract on my 4th MF right now and I’ve always hired a home inspector, a sewer line camera, roof and termite (California). Well this agent I’m working with (also seller’s agent, my design) said most of his MF buyers don’t hire residential home inspectors. That they walk around and inspect themselves. Now granted most of the time the home inspectors bring up a bunch of nonsense issues I’ve never considered not hiring one. +I see why the agent doesn’t want me to have another person walk through, especially during Covid. +Thoughts?? +So long story short, my wife and I live in a condo owned by my parents. My parents want to sell it to us at purchase price ($137,000) vs value (~$200,000). My wife and I have been saving for a down payment for a home of our own in the $400,000 range to start a family. We have ~$45,000 saved up for the down payment. We are growing our savings by about $3500 a month. This is in Oregon where I'm thinking avg rent is $1300-1500. The mortgage and insurances for the condo would be $1000/1200. + +Try as I might I cannot get my brain around whether it is possible to buy the condo, rent it out once we move out, and SOMEHOW still purchase our family sized house sometime in the next year. + +Our initial plan was to burn down the mortgage with my wife's income (full mortgage gone in ~2 years) as much as possible then sell it to pay for our family house when we find that house. That would put our full savings into the mortgage and all possible future savings into paying off the loan. It would put us in a really good position with the family home but no rental property. + +I'm new to the idea of rentals and mortgages so I'm trying to figure out if I should try to keep the condo as a rental by only put 20% down on the condo mortgage and pay minimum payments to keep our liquid high. Then use that liquid to pay for the family home in a year's time (minus what I used for the down payment). Then I rent out the condo to pay for its mortgage. Hopefully the condo is profitable enough to pay off the mortgage and handle it's maintenance needs. + +What is the thinking on this? Am I risking too much for my first home by trying to also have my first rental at the same time? + +Any advice is very welcome! + + + +Edit: Thank you all so much! I feel so much more equipped to talk to my mortgage broker about this today. I have a few topics to research before then such as loan types, gift tax, and such. Thank you! +I want to hear from people that are all in on student rentals. I’m currently 5 years out of college and just built a back unit at my house which will most likely be rented to college students. I have always wanted multiple rental properties but was unsure of the type and location. Recently I have be looking into college towns in middle America analyzing deals and they look pretty good. Would love to do it in my town but it’s too expensive (California, good state school, minimum 800k near the college for a small house.) I’ve found multiple good deals from $350-550k multi families that I like. Other then the regular complaints with student house, how is investing specifically student housing out of state? Any areas of interest? Would like to get 3-4 duplex or triplex in the short term. +Since early last year I've been using cozy.co to accept applications and rents from tenants. I love it, my tenants love it. Its marvelous. + +Recently they were purchased by apartments.com and its kind of a disaster now. They migrated my current units and payments setup into the new site, and that has been working fine. But now I am trying to use the rental application portion of the site for the first time and it has been confusing and cumbersome. + +So my question is - What software/websites do you guys like for accepting applications, running background and credit checks, and accepting rent? +My PM placed a tenant at my house in August. In November, the tenant made a partial payment in lieu of rent. However, my PM told me that all calls to the tenant to speak to them are automatically going to voicemail. Given that the tenant paid most of the rent, I told them to just monitor it going forward. + +Fast forward to February. The tenant has now made partial payments 4 months in a row (random amounts each time) and my PM continues to be unable to reach them. I was told for this month that the tenant sent a friend into the PMs office to make a payment on their behalf. My PM gave the friend a business card and told them to tell the tenant to call. They have not done that. + +The rent is $830/month. As of now their balance is around $650 but continues to rise every month (and this is with me instructing my PM to waive late fees after the first one we hit them with, in an attempt to help the tenant get caught up on their balance). My PM has also not heard from this tenant since placing. The lease is up in August. + +It’s not like they’re not paying at all, but I feel I’ve given all the grace that I can without being taken advantage of. I’m thinking of telling the PM to give them one more shot for March to either make a full payment and contact us about the balance or else to post the 30 day notice to vacate on their door. What would you do? Any better ideas? +I have a couple good friends who both independently advise to hold out for a higher rent rate even (SFH) if it leads to more vacancy. They say it’ll keep better tenants and keep rent values up. Is this advisable and a common practice? + +Seems to me they math says a couple months vacancy quickly works against forecasted cash flow of a lower rent rate and higher occupied rate. Also value of not having a property sit empty for several months. +Hey folks! I’m new when it comes to real estate investing and have a quick question about a cash out refinance. + +How does a cash out refinance not destroy your monthly cash flow at that property? + +I have a former primary residence which I now rent out in another city. It cash flows about $300 per month. The market there has gone nuts and based on comps the property has appreciated approx $70k since 2014. There is an opportunity to buy a duplex on my street and I think this is a case where a cash out refinance on my former residence would be appropriate. + +However, when you do a cash out refinance, you are taking a new mortgage out on approx 80% of the new appraisal, giving you a much higher monthly mortgage payment, right? + +How is it possible to take out that big of a loan without ruining your monthly cash flow? Am I missing something? + +Thanks for any help you can provide a newbie. +I own a 28,000 square-foot big box store and the long term tenant is about to leave. Clearly big box retail is dying so I’m looking for tenants or ideas to fill this space. Any success stories out there? +Using my secret account here because I don't want my family to know just yet. Going in for a medical test next week to determine whether I have a chronic illness that runs in my family. The symptoms have appeared a few months ago, and I believe the test will confirm that I have this illness, although there's still a small chance that it's something else. Luckily for me, it's not life threatening. But it can make it hard to have a fulltime job, as stress increases the symptoms and as sometimes symptoms hamper your ability to function in the workplace. + +Personally, I'm 75% towards my ideal FI number. Hopefully after the (likely) diagnosis, the treatment will help me function relatively normally for most of the time, allowing me to continue to work to full FI-status. However, if not I will be paid some disability payments and that will also slowly carry me to my full FI number. + +I'm so glad that a decade ago I started becoming more fiscally responsible. And that I stumbled upon the "early retirement extreme"-website, and the FIRE idea shortly after. Imagine getting a diagnosis like this one when living paycheck to paycheck... ouch. + +You only live once; I'm glad I'm a bit prepared to make the rest of my life as awesome as it can be. +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? + + + +. +On January 22nd, Netflix cross $100 Billion market cap at a price of $250.00 also joining the "$100 Billion club" and becoming third largest media and entertainment company after Disney and Comcast who had market caps of $168 Billion and $200 Billion respectively, On March 2nd it finished at $301 even betting it 12 month price target of $300.00 with a market cap of $130 Billion. And if things keep going great even with corrections here and there could now finish the year as a $190-215 Billion market cap company overtaking both Disney and Comcast with market caps of $154 Billion and $169 Billion respectively amid mega merger frenzy and bidding wars going on with both companies. Netflix will become the largest media and entertainment company by end of 2018 and in it 21 year history only done one acquisition buying comic book publisher MillarWorld [worth $50 Million]. + + +Published by Quickisode (f/k/a Hollywood Universe) + +Stock Tickers: NFLX, DIS, CMCSA + +Links: https://finance.yahoo.com/quote/CMCSA?p=CMCSA + +https://finance.yahoo.com/quote/DIS?p=DIS + +https://finance.yahoo.com/quote/NFLX?p=NFLX +As you may have noticed, there are a lot of very low quality "pro-monero" comments being posted all over crypto reddit recently. We've done a lot of work to clean up our subreddit network and prevent future spam, but the attack is ongoing and you may see it elsewhere. My personal opinion at this time is that monero is not behind this attack + +We do a lot of behind the scenes work to keep things clean and handle manipulation privately so the attackers do not learn our methods and evade them, but in certain cases like this one I believe it is good to show people what to look out for. If you are interested in this topic, SmarterEveryDay did a good series about manipulation on social media. There are videos for [YouTube](https://www.youtube.com/watch?v=1PGm8LslEb4), [Facebook](https://www.youtube.com/watch?v=FY_NtO7SIrY), and [Twitter](https://www.youtube.com/watch?v=V-1RhQ1uuQ4). Reddit was not included but it does face very similar challenges [as outlined by the admins here](https://www.reddit.com/r/announcements/comments/8bb85p/reddits_2017_transparency_report_and_suspect/). + + +###History +About a week after the attack began, I wrote up a report on March 15th [here](https://np.reddit.com/r/TheseFuckingAccounts/comments/m5qk61/everything_changed_when_the_monero_spambot_nation/) with many examples of these spam accounts. I was contacted by mods of some affected subs asking for help, offering to collaborate, or expressing anger and worry that their mod team would be overwhelmed and quit. A few just banned crypto or monero mentions outright, which may very well be the intent of the attack. + +###Latest info +The spammers have recently started adapting to avoid filters (eg. Xm_o.n.e.r.os) and are spamming more than ever. My bot banned about 45 of these accounts in the past day alone. They are also targeting more subs over time. From what I can tell, only about 7 of these accounts have been suspended (under 2%) even though I reported 113 of them weeks ago. I have reached out to the admins again today with this post + +u/earthonion had a clever idea for [finding these spammers and released a proof of concept](https://www.reddit.com/r/Monero/comments/mhwpwa/i_wrote_a_script_that_finds_all_of_those_monero/). He also found an interesting slip up that seems to imply it's automated: https://web.archive.org/web/20210404161623if_/https://www.reddit.com/r/SatoshiStreetBets/comments/m8jio7/im_done_with_shitcoins/griyxd9/ + +> XMR crypto is like a better bitcoin. I am buying it because I think it will be big in **{value|price|** like bitcoin. + +It's been possible (but a lot of work and not ideal) to block this attack almost entirely as a mod, but they could always adapt the attack further. It's a cat and mouse game at this point to block all the spam without affecting any real users. If you are a mod of an affected sub and would like tips on filtering or to discuss further, please contact me privately + + +###Affected subs: + +Sub | Comments +---|--- +r/SatoshiStreetBets|3957 +r/CryptoMarkets|1623 +r/Bitcoin|1507 +r/CryptoCurrency|1448 +r/AltStreetBets|1032 +r/darknet|918 +r/BitcoinMarkets|770 +r/GME|567 +r/privacy|421 +r/onions|278 +r/bitcoin_ireland|86 +r/psychadelics|83 +r/Etizolam_Discussion|73 +r/CoinPath|72 +r/altcoin_news|71 +r/CryptoCurrencies|67 +r/darknetmarket|62 +r/investing|56 +r/MDMA|47 +r/OpiateChurch|42 +r/cocaine|36 +r/deepweb|28 +r/askdrugs|23 +r/LSD|11 +r/opiates|2 + + +###User List (let me know if you would like this in a different format): + +* u/abjectlychop77 +* u/aboradcurry83 +* u/aboutoutweigh166 +* u/aboutswear837 +* u/abroachwarhead44 +* u/abyssalkleenex +* u/academicmasseuse +* u/adamantkawaka +* u/aegeanaffluent334 +* u/aeriallysquish333 +* u/afarabdicate89 +* u/afieldsulphur93 +* u/aheadexit +* u/aheadgolf +* u/aheadpromote +* u/aliasloft +* u/allegrodialyse834 +* u/aloftsouse940 +* u/aloofpurl185 +* u/alwayswater67 +* u/amenablequirk +* u/analyzedhereness522 +* u/anodicpapilla768 +* u/anondish54 +* u/anosmicswertia418 +* u/apartzero800 +* u/apheticclincher84 +* u/apishhorn +* u/appetenthorsefly +* u/aroundexplore263 +* u/aroundsharpen +* u/arrangedrod28 +* u/asepticbar +* u/asidemodulate58 +* u/asleepmollify +* u/assuredcannabin99 +* u/asternget84 +* u/atypicalstaging +* u/awayverse28 +* u/awheelnast +* u/backexcavate599 +* u/badlyload178 +* u/basalticstuart176 +* u/basemericarp977 +* u/bceleave14 +* u/bcopen40 +* u/bemusedgusset27 +* u/benignlyweekend78 +* u/bereftschiller69 +* u/besidessit426 +* u/biogenicink +* u/blandlyvow545 +* u/blaseschlock +* u/blearybowl50 +* u/blindedarpent32 +* u/blindlyincur44 +* u/boldquestion240 +* u/bonnilywrestle91 +* u/boyishlycudgel87 +* u/branchedmedellin +* u/brisklybeware +* u/brisklyexpress79 +* u/bubblydribbler93 +* u/calcicarequipa88 +* u/callousmiridae353 +* 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u/tardivecapote37 +* u/temporaleast93 +* u/tenderdimple +* u/thematicurobilin219 +* u/thencelove634 +* u/therebywake836 +* u/thereinfilm477 +* u/thereoninitial +* u/theretoplan306 +* u/thicklydress968 +* u/thriceyoke79 +* u/tightlynetwork +* u/tiptoeabrogate719 +* u/tonicferry795 +* u/trueheartrot56 +* u/twicewater72 +* u/unablemyosotis44 +* u/unawaresdarn +* u/undernasalize557 +* u/undervamp870 +* u/unevenlydissolve50 +* u/unformedmusketry18 +* u/unkindlycomb +* u/unplacedstacker +* u/unrifledwindow998 +* u/unseededbootleg +* u/unsolvedhymen +* u/upstairssoak +* u/upstatecredit +* u/urgentlyfall +* u/validlyimport +* u/valuedcontact340 +* u/veinedvellum55 +* u/veryshunt638 +* u/visiblyfear158 +* u/vividlypeck +* u/wakingthurber294 +* u/wheeledluminary59 +* u/whollyrevoke +* u/wildlyprim64 +* u/wildsketch84 +* u/windwardcrash +* u/wittilywhisper +* u/workingsextet +* u/worsesalute350 +* u/yeaheat +* /u/zambianincision80 + +(Updated 2:15pm EST- Removed duplicates, normalized casing, sorted alphabetically) + +**Motivations and intentions (speculation)**: + +This attack's comments are "pro-monero", but there is no reasonable way to interpret this as helping monero. The monero community condemns this, reported it first, helped with stopping it, is under a github spam attack at the same time, and imo does not need any extra PR or recognition in crypto reddit. To myself and others, ever since the beginning this has looked like a false flag attack against monero. There are reports that one or more subs have been told the attack would stop if they ban fireice (head of a tiny aggressive competing project who has been attacking monero for years, associated with a previous spam attack the admins had to step in for) and zcash (another competing project who recently gave their sub to fireice). I'm not involved with any of these projects, but what I've seen as a redditor and mod does not seem like this is monero's interest or MO. It seems more likely that the attacker wants to get monero mentions banned from subreddits related to monero's target market (and based on mod feedback, it seems to be working but maybe only temporarily). None of this has hard evidence or is actionable, but is included as people have seemed curious about my thoughts on the attacker's motivations + +Previous Reports: + +* https://www.reddit.com/r/CryptoCurrency/comments/lke4he/manipulation_report_the_fun_space_group/ +* https://www.reddit.com/r/CryptoCurrency/comments/d1qneb/crypto_reddit_manipulation_report_dream_network/ +A lot of you have looked at the numbers, but how many of you have actually looked INTO the numbers? I'm going to break down the numbers, and tell you why you're worrying your heads off over nothing. Precursor: Things haven't significantly changed, inflation is no more than it was last month. + +#The month on month data: + +There's a lot of information to take in, so I'll do my best to explain it in the comments, to anyone confused by what I'm saying. A lot of the explanations are very simple but here goes: + +- All items less food and energy account for 79.125 weighting on the whole CPI. Digging into the data, the more heavily weighted portions is commodities less food and energy commodities (which carrys 20 weight). Furniture and bedding increased 2.1% (0.94 Weight). Living room, kitchen and dining furniture accounted for most of this (2.8% change), which can be attributed to the increasingly high lumber prices. + +- Transport commodities less motor fuel was helped push this number up quite a bit, seeing a 4.3% change, which is a 7 weighting. These include new and used vehicles, of which used vehicles sales solely drived up, with a change of 10% which can be attributed to the semiconductor shortage. + +- Recreation commodities were up 1.2%, with a weighting of 1.9, with video and audio products essentially carrying this number above average with the help of recreational reading material (1.5%), toys (2.7%), information technology commodities (3.6%), and miscellaneous personal goods (2.1%). + +As you can see, a lot of these either involved lumber, or semiconductors. These were all the sectors above the average, and a couple below, the rest managed to pull the full percentage of commodities less energy and food commodities down to a 2%. + +The next sector we need to look into is Services less energy services (59 weighting). + +- No big increases here in heavily weighted areas. Notable changes were a 7.6% change in Lodging away from home (0.9 weighting), a 10.2% change in Airline fares (0.59 weighting), and a 3.4% change in admissions (0.664 weighting) + +As you can see, this CPI didn't give any clear indiction of inflation. Each significant rise that significantly affected the CPI could be explained by the lumber and semiconductor shortage. There is so much fearmongering going around right now, that I felt like I had to put this out there, because clearly people aren't too willing to look deep into this. + +#The Year on Year CPI data: + +If you really think this is evidence of inflation, you're not thinking straight. You're measuring from the bottom of the market, just after the pandemic became real, to where we stand now. + +Anyways, throw any questions my way, or you can find the CPI data if you think I've made all these numbers up. + +TLDR: No inflation (Well there is inflation, obviously, but you get what I mean), lumber and semiconductor shortage help to explain everything. +Recently hit big (6 figures+) on some very surprising 0DTE Yolos on TSLA and SPY this past week, and figured what’s better than coming back to the motherland with my winnings. Plan to invest about 20-30% of my winnings in GME. What is the best way to purchase GME? Figured directly through Computershare, but not sure if there is another way to inflict max pain on hedgies (buy on broker, route through IEX, etc?). + +Currently low XX holder and looking to purchase XXXX by the end of the week. Been a bit distant from this sub for a while so haven’t caught up on any new updates/new findings but will continue to hold until we see the results we want. No cell, no sell!! + +Any input is much appreciated! +Why is personal finance so different when you are in poverty? A good example is going to the dentist. You probably can’t afford to go to the dentist for regular cleanings. It is expensive, maybe you don’t have insurance or transportation, or it is too costly to miss work. So, the only time you visit is when its an emergency. Maybe you have a terrible tooth ache and then wait until starts to affect your job and sleep, and finally go in for an emergency visit and have to pay thousands of dollars for a root canal. Sound familiar? + +You may think the problem is obvious, you simply don’t have enough money, and if you did then you wouldn’t have these kinds of problems. However, this is not true. To explain why, I will borrow a concept from Stephen Covey’s book 7 Habits of Highly Effective People, called the [Urgency Importance Matrix](https://i.imgur.com/1yYp9Eh.jpg). Covey uses it to analyze how people spend time, but I will use it to analyze how we spend money. + +## Urgency and Importance + +See the link above for the diagram. Quadrant 1 are purchases that are urgent and important, for example purchasing gas for your car. Quadrant 2 purchases are not urgent, but still very important. Quadrant 3 purchases are urgent but not important, such as an expensive gift for your friend’s birthday. Quadrant 4 represents purchases which are neither important or urgent, such as Starbucks. + +Most people on /r/personalfinance have decent income but spend too much in Quadrant 4; things like TVs, sushi, Starbucks, vacations, etc. All they need to do is cut back these wasteful luxuries and they are on their way to wealth. This is of course the highest priority for everyone to get under control, but usually less of an issue when you are in poverty,. + +On /r/povertyfinance our problem is Quadrant 1. You only buy what you absolutely must, and those purchases usually involve a lot of stress and urgency, like the dentist example. + +It’s important to realize that in quadrant 1, you don't actually make many financial decisions. Your circumstances make them for you. Your life is run by a script that pays the minimal amount on whatever bill needs to be paid next. Today it’s the dentist, next week its the car, and then the rent. This keeps you thinking in the short term. + +The real, underlying, issue is that quadrant 1 issues grab your entire attention. They are right in your face, with stressful deadlines and harsh penalties, while the equally important quadrant 2 purchases slip under the radar. Because they are less prominent, they APPEAR less urgent, even when they are essential. It would be cheaper year to year to go the dentist regularly, even without insurance. But, because its not banging on your door, like every other emergency, it appears less important. + +Getting out of Quadrant 1 + +As a member of /r/povertyfinance, your financial goal is to get out of Quadrant 1 and start spending your money in Quadrant 2. The reason why is it will reduce your OVERALL costs. Quadrant 1 is an expensive place to be. In Quadrant 2, you pay for the "checkups" instead of the "root canals". Instead of the cheap temporary patch, you can fix the entire problem. Here are some additional examples: +- quality clothes that last longer +- foods you eat a lot of in bulk +- car maintenance instead of repairs +- ingredients for food instead of eating out. +- quality appliances instead of throwaways. + +This doesn't mean you can ignore quadrant 1, but you shift a few purchases at a time from the short term patch, to the long term investment. As you invest in quadrant 2, quadrant 1 will start to shrink. + +## The Emergency Fund + +Right now it may not seem feasible to start adding extra expenses. If you could afford the nicer stuff you would! But, this is because most of your money is being spent on the latest crisis. Once you get the crisis under control then you have room to invest. + +That is why the best way to start moving into quadrant 2 is to build up an emergency fund. A minimal emergency fund should be about $1000-$3000. Its purpose is to cover unexpected bumps so you can direct your regular income on quadrant 2 purchases. Save as much money from your regular income as possible to build an emergency fund. + +When you do use some of it, replenish it back with the same urgency. If you haven’t had any money saved before it will be hard to resist the temptation to spend it on fun things. This is quadrant 3 & 4 thinking which is trading temporary fun for the persistent stress. + +If you don’t have any extra income to spare, an emergency fund is so important that it is worth getting a second job or side gig to build up. Working extra hours is usually unsustainable and you are probably sick of hearing "just work more.” However, it can be very fulfilling and productive to make such a sprint when it has: + +1. A clear objective. +2. A well-defined stopping point. + +So set a specific a goal for the size if your emergency fund. When you have met it, quit your extra work and return to your normal schedule. Remember: the goal is to have enough money to “smooth the bumps” so you can stop the week to week treadmill. Over time that will lead to lower expenses. + +## Smart Debt + +Debt can also be a useful tool for getting out quadrant 1. You can use debt to spread out an expensive purchase over time, or as a "cushion" for emergencies. You may not be able to find $2000 to replace a badly needed car, but you can budget for $2000 over a few months. + +Debt is often misused and can be more risky if you lose your stable income. The ideal user of debt is someone who has a lot of self control, and understands interest, they just happens to have a low income. If this does not describe you, stay away. Statistically speaking, people in poverty are usually bad with money. Dave Ramsey preaches no debt because it works for EVERYONE while debt is only helpful to SOME PEOPLE. + + Follow these guidelines (dangerous things comes with a lot of warnings): + +1. Don't use debt to buy what you can't afford. The amount should fit in your yearly budget, even if they don’t fit this month. If you wouldn't pay your last bit of savings for it, don't buy it. +2. Use only low interest debt from sources like credit unions, low rate credit cards, HLOCs, student loans, etc. Know your interest rate and what it means. Don't go near payday lenders or title loans. +3. Understand that Debt always costs more than paying cashing. You are paying for stability, which can be useful, but it is always expensive. +4. Debt can have the opposite effect of quadrant 2. Instead of decreasing your costs over time with an investement, debt effectively cuts your useable income over a long period. +5. Remember the debt is for “smoothing the bumps”. Ideally your level of debt should follow a pattern of sudden spike sand then steady, significant decreases. +6. Set a threshold of debt at similar level to an emergency fund (a few thousand dollars). If it ever grows beyond that, stop immediately because your debt is growing and will continue to grow. (If it grows too much the interest will ruin you.) + +Hey AF, + +Man, I'm in a bit on a conundrum that is absolutely killing my anxiety, I'm an absolute nervous wreck atm. + +A few months ago I bought an apartment that seemed to tick all the boxes, it turns out, I have a tradie neighbour that gets up at 5am every day, to a cacophony of noise, this dude seems to not sleep in even on weekends and it's killing my ability to sleep. Not only that, there's a myriad of noises up until midnight, so I'm scraping by with 5 hours of sleep a night. + +I'm either going to have to rent this place out and rent a new place of my own or sell this one, get a bridging loan, and buy a new place. Is a bridging loan the most viable answer here? +"If you saw any Chinese regulatory Fud again, that announcement was posted on September 3rd. Don’t fall for it." + +Source: + +https://preview.redd.it/gp3692g3efp71.png?width=748&format=png&auto=webp&s=54e22698a3937175be10611d86ce5f6cdd8f2121 + +"PBOC’s announcement about ban crypto got widespread today is was ANNOUNCED ON SEPTEMBER 15TH, but got posted online today. The market already reacted on those regulatory fud." + +Source: + +https://preview.redd.it/ut1f9y25efp71.png?width=753&format=png&auto=webp&s=a2527eae6614a096ebf4330c8bbf3a195303c202 + +"The market already heard the rumors around mid-September, and reacted on those fud by then. DON’T FALL FOR THE FUD AGAIN." + +Source: + +https://preview.redd.it/700w0q6iefp71.png?width=737&format=png&auto=webp&s=a63de6ec527397bbaf0415cab275bc939cea54b6 +**Short Selling is a Risky Business.** + +Original Article: [https://www.institutionalinvestor.com/article/b1rb09jvppdv1d/Assets-Have-Tanked-at-Two-of-the-World-s-Biggest-Short-Sellers](https://www.institutionalinvestor.com/article/b1rb09jvppdv1d/Assets-Have-Tanked-at-Two-of-the-World-s-Biggest-Short-Sellers) + + Jim Chanos’ Kynikos Associates and Jim Carruthers’ Sophos Capital got much smaller in 2020, according to new regulatory filings. + +If there’s any lingering doubt about how awful 2020 was for short sellers, recently released securities filings make the pain abundantly clear. + +Jim Chanos’ Kynikos Associates and Jim Carruthers’ Sophos Capital — both of which started 2020 with around $1 billion in regulatory assets — ended the year a shadow of their former selves. + +Chanos, arguably the most well-known short seller in the world, lost more than 50 percent of its assets last year. Kynikos ended 2020 with about $405 million in regulatory assets under management, down from around $932 million the prior year, according to annual ADV filings with the Securities and Exchange Commission.  + +The long bull market has punished Chanos for years. In 2018, when *Institutional Investor* profiled him, Kynikos ran just under $2 billion, having already lost almost three-quarters of his assets since the financial crash of 2008, when it ran $7 billion. + +\[*II* Deep Dive: [How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk)](https://www.institutionalinvestor.com/article/b1b00ynrgtn05r/How-Jim-Chanos-Uses-Cynicism-Chutzpah-and-a-Secret-Twitter-Account-to-Take-on-Markets-and-Elon-Musk)\] + +Kynikos is heavily diversified, and runs several funds, including one that also goes long via indexes. Short positions rarely are more than 5 percent of the total portfolio. And his short-only fund, Ursus, is a small portion of the regulatory assets. It’s now only about $27 million, according to the ADV, down from about $59 million at the end of 2019. + +That said, last year Chanos’s most notable loss was his Tesla short. Elon Musk’s electric car company skyrocketed by more than 700 percent last year, and Chanos — long a Tesla foe — had to scramble. + +In January he told CNBC the firm had transformed his short into puts — a common strategy when short sellers are forced to cover their stock shorts. (This year, Tesla is down, but by just 3 percent.) + +One bright spot for Chanos in 2020 was his Wirecard short. He told the Financial Times last summer that he made $100 million on that short when the German fintech company collapsed in scandal in June.  + +Sophos had an even more dramatic decline than Kynikos.  + +The firm started 2020 as the [world’s largest short seller](https://www.institutionalinvestor.com/article/b1q3cxqlbmltyl/The-World-s-Biggest-Short-Selling-Hedge-Fund-Is-Scaling-Back) with $1.16 billion in regulatory assets under management. But by year end, the firm was winding down some positions and scaling back, as *Institutional Investor* previously reported. Sophos ended 2020 with $258 million, according to its ADV. + +Carruthers, who ran the short book for Dan Loeb at Third Point before starting Sophos, launched his short-biased firm in 2014 with $200 million, including a seed investment from Yale University’s endowment. + +Another short seller that couldn’t stave off the pain was Fahmi Quadir’s Safkhet Capital.  + +Last year Quadir told *II* that she had wagered [25 percent](https://www.institutionalinvestor.com/article/b1m97rvgqnn94q/fahmi-quadir-s-winning-wirecard-short) of the fund’s capital on its Wirecard short, which had been the largest contributor to the fund’s gains since launch in 2018. + +That didn’t stop the bleeding at Safkhet, which ended 2020 with about $27 million, down from almost $85 million in regulatory assets under management at the end of 2019, according to its ADV filings.  + +It’s unclear how much of these declines were due to performance and how much was caused by redemptions. + +Given the complicated way the regulatory assets under management are calculated for short sellers, the numbers themselves may be overstated when it comes to the actual capital these funds have under management. + +Chanos, Carruthers, and Quadir did not respond to requests for comment. + +One short seller said that many shorts got caught out last year by focusing on what he called “discretionary” and “story names,” like Tesla and other highflying tech stocks. + +“Many short sellers were short biotech, and these stocks went up four fold,” he said. “None of these guys were short banks or energy.” + +According to the short seller, sector choice was what mattered most in 2020.  “Short tech or healthcare was terrible,” he said. “You wanted to be short energy and banks.” + +But, he noted, “this year that has reversed completely.” +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 have read so many times here that Nusi has downward protection. But often I see that it actually falls much more steeply as compared to SCHD, QYLD & JEPI. + +Can any NUSI fan explain why it dropped so much today relative to Jepi and SCHD? +Hey all, I've just started out investing with the focus of dividends. Here's my portfolio so far: + + +MMM: 1 + +T: 4 + +ABBV: 1 + +BNS: 2 + +KO: 2 + +O: 2 + +TD: 1 + +VHYL: 1 + +WFC: 1 + + + +I'm aiming for diversity at the moment & will begin DRIP once my platform releases the feature (I'm UK and use trading 212). I use an ISA as I've heard great things about them for long term holdings and earnings. + +Any critiques/recommendations will be greatly appreciated, thanks! +Div - 10$ +Yield - 18.36% +Payout Ratio - 26.44% + +The company has a lot of money in the bank, and it’s cash is good and steady. + +The yield is HIGH af, but it looks like they are able to handle it with this PR. +My wife and I have been married 17 yrs. I am 40 yrs old. We have two teenagers and a 9 year old. + +Net worth is $3.2mm. Annual salary with bonuses is $160k. In addition, I have real estate income of $123k. + +The real estate is all paid for. The only debt I have is $475k on my house. All of my assets, other than $250k in cash, is in real estate. + +I have $1.5mm in private equity at the company I work for (not included in net worth above because I am not vested), but it could go to zero or it could go up a lot over the next few years. If I leave now, that equity will be worth zero. + +I do like my job, but it is very busy. I worry I am not doing enough with my kids who are growing up fast. I also worry I am not diversified enough and should start piling money into equities. What would you do? +I've compiled a list of (mostly) Aussie podcasts with comments I've taken from the sub. I'm a (relatively) young beginner, so I didn't include podcasts to do with property investing and noted podcasts which may have more complex topics. + +But what podcast would you not recommend, or have issues with? + +Does it share incorrect info? Too much drivel? Do they have an ulterior motive they might not be disclosing? Etc. Feel free to share! + +In case you care for it, here's my WIP list: [https://drive.google.com/file/d/1o70DbJp0r8d5IF79UWmOXrt-Fcjgb554/view?usp=sharing](https://drive.google.com/file/d/1o70DbJp0r8d5IF79UWmOXrt-Fcjgb554/view?usp=sharing) +[https://twitter.com/ASX1500/status/1131427125595000832?s=20](https://twitter.com/ASX1500/status/1131427125595000832?s=20) + +From John Spitzer, @ASX1500 + +(May not open on iphones) + +Pretty comprehensive analysis, is there anything that has been overlooked that paints a different picture? + All credit goes to u/I_IV_Vega she is the brains of this operation, I am but a humble servant. + +Papa Cohen owns his shares in an LLC + +There has been a lot of debate over the effectiveness of direct registering shares held in IRA accounts, how best to do so, and if it's even possible. I've found an interesting option that seems to be optimal given each concern brought forth. For those concerned over whether or not having a custodian in charge of your IRA will impact the ability of these shares to be lent, this appears to solve that problem. For those who wish to avoid any hefty tax or other penalties associated with cashing out your retirement account and wiring the funds over to buy, direct register, and lump them with the rest of your shares, this appears to solve that problem as well. + +It turns out that there is more than one type of Self-Directed IRA account. The one causing concern for some is the "Custodian Controlled Self-Directed IRA". In these accounts, the custodian does everything on your behalf at your direction. The concern is that because this custodian is essentially holding the shares for you, it may be possible for them to continue lending them behind your back. There is a cool way to get around this though, like there is with most things in the financial world. + +Enter the "'Checkbook Control' Self-Directed IRA". Also called a Self-Directed IRA LLC, Self-Directed LLC, Checkbook Control IRA, etc., this is a special type of IRA account that essentially came out of the court case [Swanson v. Commissioner, 106 T.C. 76 (1996)](https://scholar.google.com/scholar_case?case=15277963416926279130&hl=en&as_sdt=6&as_vis=1&oi=scholarr). The interesting bit here in these cases is that Mr. Swanson caused his IRAs to form and own two companies. He made himself director of these companies, and then directed the custodian of his IRAs to purchase all of the original issue stock in the companies he created. This left his IRA accounts holding all of the shares in his companies, letting him retain full control of the companies he created. This also injected his companies with all the cash in his IRA accounts. Remember, those companies sold stock to his IRA accounts, so it makes sense that the companies that sold stock should receive money for it, right? This was all upheld as being legal by the courts. The only part the courts didn't like was that one of the companies was basically intermingling funds with a property sale that Mr. Swanson was conducting in Illinois, after moving to Florida. However, that's not really relevant to what's going on here (except for the Florida part, although that's some fun tinfoil I'll get to in a bit). + +The way these accounts work is that just like Mr. Swanson, you create a company for yourself with a business checking account. This LLC issues shares of ownership, which you buy with funds in your SDIRA account. Your LLC's business checking account receives a phat deposit from the sale of shares to their angel investor (your SDIRA), and they are free to use these funds conduct business as long as they don't enter in to any [prohibited transactions](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions) (buying stock is not a prohibited transaction). + +Here's a nifty flowchart that I stole from IRA Financial Group's website to sum up the process so far: + +&#x200B; + +https://preview.redd.it/omjm9nd3yd781.png?width=514&format=png&auto=webp&s=f2fc91af187a7fc00a9897f1f5255632ca995030 + +https://www.irafinancialgroup.com/learn-more/self-directed-ira/the-self-directed-ira-llc-checkbook-control/ + +Now in order to get that money into Computershare and buy stock directly registered in your name, you just use your fancy business checking account to wire funds to a Computershare account that you set up with your [Employer Identification Number (EIN)](https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies). Think of an EIN as being like a Social Security Number (SSN) for a business instead of a person. You will need to apply for an EIN by filing Form SS-4 with the IRS and requesting to have one assigned to your single-member LLC. After receiving your EIN for your LLC and a business checking account, you can set up an account with this information and use your business checking account as the source of funds to buy GME shares through Computershare (and change to book entry)! + +Keep in mind that if/when you sell these shares additional rules apply, such as the requirement that the funds go back into the LLC and not be distributed to yourself. You still have to go back out the same way you came in, through your IRA account, you can't pay yourself directly from the LLC or anything like that. As always, make sure to consult with professionals before doing this yourself. + +Upon digging through some of RC's [earlier SEC filings from 2020](https://www.sec.gov/Archives/edgar/data/0001822844/000101359420000670/rc13d-082820.htm), I noticed something that confused me at first but started making a bit more sense when thinking of this type of account structure. The things that stick out to me are that it is a joint filing that includes both RC and RC Ventures LLC. The second is the source of funds for each filing party. RC's source of funds is PF (Personal Funds) and RC Ventures LLC's source of funds is WC (Working Capital). To me, this sounds like something that could be the result of RC using personal funds to invest in RC Ventures LLC, and RC Ventures LLC using the funds it received from that investment (which would now be considered Working Capital) to invest in GameStop. If my understanding is correct, this means that both parties are listed on this joint filing because both are considered to have beneficial ownership of the shares. RC Ventures LLC holds the shares primarily, and RC holds the shares indirectly through his ownership of RC Ventures LLC. At this time I can't prove that RC actually holds his shares in a Self-Directed IRA LLC specifically, but it appears to be the same method either way. The only difference would be the source of personal funds. RC could have invested in his LLC through any other form of investing and not necessarily used a Self-Directed IRA to do so and the filings should appear the same (again, to the best of my current understanding). + +For the fun tinfoil mentioned earlier, and speaking of [Ein (which happens to also be the name of a Pembroke Welsh Corgi from Cowboy Bebop)](https://imgur.com/a/QnTuYJv) and the defendants from the case above [residing in Florida](https://www.irafinancialgroup.com/IRAFinancialGroupSwansonCase.pdf), didn't RC tweet something containing both of those things? + +&#x200B; + +https://preview.redd.it/uamzxdvjyd781.png?width=589&format=png&auto=webp&s=f9008d591710e7f970e0189c1ade3c52ab3d0b0e + +&#x200B; + +https://preview.redd.it/vlu48w71zd781.jpg?width=640&format=pjpg&auto=webp&s=75aba3188712dc7121fc74b27a9687f5bf631161 + +Yes, he did. + +Here's a couple links to find companies that offer Self-Directed IRA accounts. Make sure you find one with "checkbook control" and compare/contrast each provider! I have not had time to do research into each individual provider at this point. + +[https://www.investopedia.com/best-self-directed-ira-companies-5086593](https://www.investopedia.com/best-self-directed-ira-companies-5086593) + +[https://www.myrealestateira.com/](https://www.myrealestateira.com/) + +[https://www.broadfinancial.com/](https://www.broadfinancial.com/) + +[https://iracheckbook.com/](https://iracheckbook.com/) + +[https://www.iraclub.org/](https://www.iraclub.org/) + +[https://www.irafinancialgroup.com/](https://www.irafinancialgroup.com/) + +[https://irallc123.com/](https://irallc123.com/) + +[https://www.sensefinancial.com/](https://www.sensefinancial.com/) + +[https://udirectira.com/](https://udirectira.com/) + +[http://selfdirectedira.nuwireinvestor.com/list-of-self-directed-ira-llc-facilitators/](http://selfdirectedira.nuwireinvestor.com/list-of-self-directed-ira-llc-facilitators/) (Not secured link, though I copied the above individual company links from this website.) + +**Full disclosure: while I would love to try this myself first and be the guinea pig, I do not have an IRA account or any excess funds at the moment so unfortunately I am unable to.** Though I would rather admit that and potentially embarrass myself by doing so than give people the idea that I have done this myself and can personally attest to it. My intent is to share the information I have found and my interpretation of it, not mislead anyone or make any guarantees as to truthfulness or accuracy. And as always, ***PLEASE DO YOUR OWN RESEARCH*** before making any decision based off of information posted here. Again, please do *your own* research to verify everything posted here and consult with professionals before making *your own* decision. +Do you actually have to have a state-registered LLC business conducting normal day-to-day operations (profits/losses) or is "LLC-shielded" buyer something different? + +And what are other ways you can have privacy of records when buying a home? Example, in Texas, you can use a person's first and last name and the county they live and find their exact address and how much the home is appraised for, etc. +As we all know, the Russel index includes the biggest 3000 companies by market capitalization in the US. So the first one is going to be Apple, the second one Microsoft and so on. Every year in May, they reevaluate which companies should be included. This happened last Friday, May 7th. + +[https:\/\/www.ftserussell.com\/resources\/russell-reconstitution](https://preview.redd.it/1h46dxxew5y61.png?width=1892&format=png&auto=webp&s=8099083f33aa883c4b1760610a800c30f1dcdabc) + +After the revaluation, all ETFs that mirror the Russel index have to adapt their holdings. This means buying the shares of companies that are newly added and selling those which are not in the index any longer. This buying and selling is happening in June, when they announce the changes to the index. + +&#x200B; + +[https:\/\/www.ftserussell.com\/resources\/russell-reconstitution](https://preview.redd.it/9eq8rlzqw5y61.png?width=1930&format=png&auto=webp&s=20b74680865ae44cc17cd7896834dfbc94bd8345) + +So what does this have to do with CTXR. Well, with the strong performance in the last 12 months, CTXR is now in place 2133 in the ranking of market capitalizations in the US. Which means they are going to be added to the Russel 3000. I found this website ranking publicly traded companies by market cap. You have to go to ranking by countries to find the relevant ranking for the Russel index. CTXR is on page 22: [https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/?page=22](https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/?page=22) + +&#x200B; + +&#x200B; + +[Rank 2133 for CTXR](https://preview.redd.it/k0fu0rujx5y61.png?width=2604&format=png&auto=webp&s=39ca9e738a51701e4982df913428d089bb5802e0) + +&#x200B; + +The great thing is that this is new for CTXR. Because of their growth last year they will be newly added to the index, which means ETFs mirroring the index have to buy the shares at the latest in June, which could lead to a gain in share price in addition to other catalysts this month. + +**TLDR: CTXR is going to be added to the Russell 3000 index. ETFs mirroring this index will have to buy shares in June by the latest. This could lead to a rise in stock price.** +Often a bitcoiner will say "1 btc = 1 btc" and then someone, thinking they are clever, will respond with "well 1 usd = 1 usd" - so I'd like to explain the flaw in this response, and I'll use a simple example to do so. + +Let's take some constant, like "1 meter." The "meter" is defined as the length of the path travelled by light in a vacuum during a time interval of 1/299,792,458 of a second. + +Since the speed of light does not change, the length light travels in that time in a vacuum does not change. Therefore, the meter is an unchanging and permanently fixed constant backed by physics and mathematics, i.e. "1 meter = 1 meter." + +If the speed of light were somehow centrally planned and constantly changing (read: inflating), then 1 meter would not be a reliable and we could not measure length effectively. Buildings could not be built and no one would be able to communicate distance. You can substitute the meter with any other mathematical constant to illustrate the same concept. + +Similarly, a "bitcoin" can be defined as a single token out of 21 million. Since the cap cannot change, a bitcoin is also a permanently fixed constant backed by physics and cryptography, i.e. "1 btc = 1 btc." + +The same cannot be said of the dollar, as it is one unit out of a forever increasing total, centrally planned supply. This is similar to the speed of light always changing, messing with the "meter" definition and our ability to measure. The changing inconsistency of the dollar leads to distortion in "measurements" (read: prices) that is destructive to society - which bitcoin remedies. + +It is the first constant in the field of economics. The importance of this can hardly be overstated. + +tl;dr: The "1 btc = 1 btc" does NOT mean how much a btc is valued in fiat, nor does it indicate how much a bitcoin can buy, nor is it a tongue-in-cheek tautology. It's a phrase indicating the fixed, mathematical, physically-tethered nature of bitcoin. +Often a bitcoiner will say "1 btc = 1 btc" and then someone, thinking they are clever, will respond with "well 1 usd = 1 usd" - so I'd like to explain the flaw in this response, and I'll use a simple example to do so. + +Let's take some constant, like "1 meter." The "meter" is defined as the length of the path travelled by light in a vacuum during a time interval of 1/299,792,458 of a second. + +Since the speed of light does not change, the length light travels in that time in a vacuum does not change. Therefore, the meter is an unchanging and permanently fixed constant backed by physics and mathematics, i.e. "1 meter = 1 meter." + +If the speed of light were somehow centrally planned and constantly changing (read: inflating), then 1 meter would not be a reliable and we could not measure length effectively. Buildings could not be built and no one would be able to communicate distance. You can substitute the meter with any other mathematical constant to illustrate the same concept. + +Similarly, a "bitcoin" can be defined as a single token out of 21 million. Since the cap cannot change, a bitcoin is also a permanently fixed constant backed by physics and cryptography, i.e. "1 btc = 1 btc." + +The same cannot be said of the dollar, as it is one unit out of a forever increasing total, centrally planned supply. This is similar to the speed of light always changing, messing with the "meter" definition and our ability to measure. The changing inconsistency of the dollar leads to distortion in "measurements" (read: prices) that is destructive to society - which bitcoin remedies. + +It is the first constant in the field of economics. The importance of this can hardly be overstated. + +tl;dr: The "1 btc = 1 btc" does NOT mean how much a btc is valued in fiat, nor does it indicate how much a bitcoin can buy, nor is it a tongue-in-cheek tautology. It's a phrase indicating the fixed, mathematical, physically-tethered nature of bitcoin. +https://markets.businessinsider.com/news/stocks/tesla-china-demand-exceed-500000-delivery-target-wedbush-ives-2020-12-1029891680 + +That's according to Dan Ives, a Wedbush Securities senior tech analyst, who said in a note to clients on Sunday that demand from China could help Tesla reach or possibly exceed it's once implausible goal of 500,000 deliveries by the end of 2020. Ives sees Tesla surging 56% from current levels to $1,000 a share in his bull case scenario. + +"We believe the company is tracking to another strong month of December in China which could be the tipping point to get Musk & Co. to hit/exceed its 500k annual delivery target, an achievement not even on the map for the Street going back to the late spring/summer timeframe," Ives said. + +"The China growth story is worth at least $100 per share in a bull case to Tesla as this EV penetration is set to ramp significantly over the next 12 to 18 months, along with major battery innovations coming out of Giga 3 and elsewhere throughout the China EV supply chain," the analyst added. + +Thanks for the awards. +I took over my family business and have been growing it for the last 5 years. Previously I had experience in an unrelated start-up and I have an MBA education. I anticipate the business slowing down over the next 2-3 years due to external factors and believe I have an opportunity to sell. + +&#x200B; + +My payout will likely be in the low to mid 7 figures range but I am not ready to FIRE yet as I am relatively young and would like to fatten up my number. + +&#x200B; + +The problem is the industry my business is in is not necessarily one I would like to re-enter. It was a machine shop which I worked at as a teenager and learned the ropes but was never interested in the industry. After completing my MBA and spending some time at a start-up I had an opportunity to join the company on the business side and grow it to prime it for a sale. + +&#x200B; + +I had an executive position running the operations at the startup I was at prior to my current company and helped get the foundation started - they are a very successful multi million dollar company today. I obviously also ran my mid-size business and grew it to where it is today. I'm worried about translating those skills onto my resume and into a new company as I don't think I would be happy with a position that does not have much sense of ownership. The salary honestly won't matter so much as I can have my investments grow and just pay expenses with my salary. My worry is I only have 7 years experience between my last two roles, and I expect the type of job I am after (director level) would want someone with 10+ years of experience. I’m also not even sure what type of industry I’d want to get into or what I’m “qualified” for. I would love to be running the operations of another business in some level. + +&#x200B; + + Have any of you previously sold a business and had success being employee at a new company? Did you have to accept a position which you felt was beneath you? + +&#x200B; + +Just looking for some general conversation about this topic and maybe some mentor ship. +I have 3.5M value in single family houses (13 houses). I liked the idea of having a physical asset so I went on a buying spree 3-4 years ago as prices were low too but have skyrocketed. I also have more in stock plus income. Right now with all the taxes, lease issues, etc. I'm profiting about 150k a year. So like a 4% cash on cash return (though the houses have all nearly doubled in value since owning) ... I kind of feel like the market is about to tap out though but uncertain as it's a high growth area. Lots of factors. It's almost no time investment as a property manager deals with it all. I know it's a lot of information but I'm not super investment savvy (got a bit lucky investing in a friends and family round in a friends company that ended up IPOing). Any feedback on owning SFH long-term and that cash on cash ratio, even general would be helpful. +My spouse and I moved into a small 3 bd house in a HCOL city shortly before the pandemic which felt like a bit of a stretch for us financially at the time. We were also moving from a small 1 bd apartment, so it seemed huge. Since then a dog, a kid, visiting family and the thought of more children have made it feel smaller. Our financial situation changed drastically not long after we moved in and we hit our FatFIRE number, though we’re both still working full-time and plan to for the next few years. + +We want more space and were able to agree on a set of criteria for our dream home. But, we’ve spent the past \~12 months looking at properties and can’t find a place in our city we like that is less than 3x the cost of our current home. While we can probably afford that (particularly while working), we don’t want to stretch for it and don’t love the idea of friends and colleagues knowing we spent that much. Part of the problem is that we love our location and there is very little turnover in our neighborhood. + +So, we’re considering a near-tear down of our house — moving a staircase, expanding the footprint into the backyard and adding a half-story. While I don’t think this is a particularly sound investment decision (we’d for sure have the most expensive house on the block and we’d have to rent something else while it’s being built), it’s still cheaper than buying something we do like and my concerns are mostly non-financial: + +1. that in the 3 years it’ll probably take to build, something drastic might change in our lives that makes us want to live elsewhere +2. stress and strain on our marriage +3. angry neighbors + +We only really have a plan for mitigating #2: trying to be heavily involved in the design phase (we’re working with experienced architects who have gotten approvals for similar projects in our city) and then hiring a lawyer to manage permitting (which maybe provides some small insulation from #3) and a project manager for construction, so we can do our best to forget the project is happening once it’s started. + +If you did something like this, do you regret it? And if not, do you have any advice for managing the project? + +Thanks in advance! +As a veteran of WallStreetBets - [made a ‘modest’ $2.5 million there a few years ago](https://www.reddit.com/r/wallstreetbets/comments/80e7x2/the_big_long_made_25_million_in_january_off_100k/) \- I decided to post this here instead of WSB because there’s no chance anyone there would listen. + +I know this won’t be well received, but I’m concerned for a lot of people who’ve been buying GME stock thinking they’re somehow taking on Wall Street. To be fair, those who were early to the trade actually did hurt a couple hedge funds, but the people who followed changed the dynamic considerably. + +I know you guys all want to stick it to the man. Unfortunately, you’ve created a situation where the man is going to screw you, hard. + +What’s one thing hedge funds do that lead to this? + +They find stocks that are overvalued, short them, and then wait. + +What have you all done? + +Created a horrifically overvalued stock. + +Why do you think the short ratio is still more than 100% of the float? + +Who do you think’s been selling you GME at $300 a share? + +The guys who are going to buy it back from you in a month for $30. They have deeper pockets and more margin than Citron, and are perfectly content to wait you out, whether it’s next week or next year. + +*To be clear, I have no skin in this game in either direction, though if I could stomach taking your life savings, I'd be one of the people selling you GME for $300.* + +All this talk about retail investors screwing over hedge funds - you are literally giving those hedge funds all your money. People have leveraged their entire life savings to buy an overvalued stock. You are not beating Wall Street. This is their game. You are giving them your money. + +Yes, it was funny, and Citron and Melvin took a hit on their initial trades. But now it’s open season on everyone who bought in. At the end of the day, you grossly overpaid for shares of a struggling retail company. That is what you now own. + +How do you unwind this position? Is everyone going to hold until they die? What happens if GameStop, like so many other retail chains, goes bankrupt in a couple years, wiping out all the shareholders? + +Even if you hold, you’ll be wiped out long before then. **At these price levels, GameStop’s leadership has a fiscal obligation to start diluting their stock as soon as legally possible.** It won’t matter if everyone holds if there’s suddenly 300% more shares available. + +In the short term, the price could definitely go higher if retail investors have money to keep buying. So what happens if you manage to push it to $500, or $1000? Wall Street will be thrilled to keep selling you more shorted stock just like GameStop will be thrilled to keep printing it. + +There is no way for everyone to unload their positions without losing massive amounts of money. There is no way for everyone to hold their positions without losing massive amounts of money. + +You are playing Wall Street’s game and they are happy to take your money. This is going to end badly and is going to hurt a lot of people who can least afford it. + +Congrats to everyone who made a killing with buying options early - even though they used the rest of you to inflate the stock price. But for everyone holding the stock - I wish you the best luck. +You have probably heard of the money printer going BRRRRRR during the pandemic and the currently high inflation resulting from that. You may have also heard that the US federal reserve Bank (FED) and probably also the European Zentral Bank (EZB) are going to raise interest rates in the coming years to put everything to normal. + +This is what central bankers and high ranked politicians currently want you to belief, maybe some of them believe it themselves but it doesn't change the fact that it is a straight lie ! We are about to witness an unprecedented inflation period affecting the entire western world. + +To prevent the whole system from collapsing, these authorities are doing the only thing they can. It is necessary to stretch this period over several years keep the masses calm during the process of devaluation. This is why they assure you: it is only transitory / we are raising interest rates and this will fix it / ... and so on. Sadly this is complete BS. + +Here is the real situation: + +The FED and especially the EZB were buying government bonds with freshly printed money for years, to allow governments to spend money they don't have without paying interest on it. The pandemic was only the big final topping of a long term development that started after the 2008 crash. The amount of bonds the central banks are sitting on is enormous. Since 2008, the FED three-folded the amount of Dollar in existence and the EZB even six-folded the amount of Euro in existence. This money has already been created. This is not something that could eventually happen in the future. It has already happened. + +In classic economy theory, it was assumed that an increase in the amount of money will directly result into inflation. But how was it then possible that they printed and spend these gigantic amounts of fresh money without causing inflation until now ? The answer to that was given by the work of the economist John Maynard Keynes (so called liquidity trap). The short version is that depending of the current state of economy, freshly minted money is not causing instant inflation because its rather accumulated instead of put into the system. The result can be imagined like some kind of slow trickle down effect from the freshly minted money into the system which can take years. The real inflation will first appear once the new money trickled down into the circulation spheres of the average people. + +But this is not a matter of if, its a matter of when. The now starting inflation is basically the beginning of this trickle down effect reaching the financial spheres of average people. But sadly it is only the first tip of a giant amount that is yet to come. No raise of interest rate will prevent this, it will only slow it down. Ultimately, the money is printed and its just a matter of time until it trickles down. + +With that in mind, we can try to make a rough estimate of the overall inflation ahead of us. The FED three-folded the amount of Dollar in existence and the EZB even six-folded the amount of Euro in existence. Therefore, once everything which is already printed yet has trickled down, the Dollar value will decrease to a third and the Euro value will decrease to a sixth. Depending on the time frame they manage to stretch the process, some of the inflation will be eaten up by economic growth, if there is one. However, including housing, energy, transportation and so on and not only the basic food basket used by the government, we can probably still expect around a decade with a real average annual inflation north of 8% in the US and even more in the EU. + +As already said, a raise of interest rates wont prevent this because the money is already there. It has just not trickled down yet. A raise in interest rates only slows the process down because the entities (mostly Banks) that are currently sitting on all that money are less eager to spend it when they get interest on it. But this is only stretching it. Having it stretched over a longer period of years just makes the whole thing more digestible. + +There is only one way to actually prevent this whole thing from happening, but this wont or cant be done. The central banks would need to sell these giant stacks of bonds they obtained and take the money back out of circulation (burning it) before it can trickle down. The problem with this is that would crush the entire bond market. This would lead to the majority of the balance sheets of all Banks becoming worthless and countries having to pay real interest rates again when borrowing money which most of them cant afford anymore. Ultimately this would bankrupt the whole western banking industry and probably also a lot of entire countries in the western world. Whole industries, currencies and maybe even societies would collapse. Or in other words: 2008 would look like a small correction compared to this. + +I don't think I have to further explain why this is not an option. The way this will be played is to stretch it over a long time period to distribute the impact over years and being able to keep the majority calm until it is done. You will see, after a few years it will be the new normality to have this kind of inflation and the majority plus the media wont even care anymore. The value of the giant amounts of generational debt our governments and societies have created over the last decades will melt away. It will be a consolidation but also the biggest transfer of wealth witnessed in the younger history. + +With this knowledge, it is about you to position yourself correctly in the upcoming era of inflation. The majority of the bill will be paid by ordinary people having a few thousand bucks in their saving accounts and low wage earners which wont get a sufficient raise in salary to compensate. The rich and wealthy have the majority of their wealth in equity and other goods. Some even have debt in Dollar on the other side. This is how you profit the most from whats coming up. Just look at Microstrategy for example. Creating Dollar debt in exchange for a scarce asset (Bitcoin). Debt devalues and the asset increases in value. + +I am not trying to advocate taking debt here but everybody should at least think about not keeping significant amounts of money in currency over the next decade. Saving accounts are completely off limits in my opinion. If you are thinking about buying a flat or a house, now is probably the perfect time. Other possibilities to position yourself to protect hard earned value of your money are Gold, Stocks or of course Crypto. + +Thank you for reading this long text and I hope it was somehow interesting for you. + +**TL;DR: The current Inflation is absolutely not transitory. It will last for years and probably become a new normality. You should position yourself to protect the hard earned value of your money.** + +Hi all, I don’t think this is the right group but I think you might have some combined expertise to help point me in the right direction. + +I have had an emergency overseas and currently have about £10k on maxed out credit cards. + +I have travel insurance and had the condition covered before flying, but they are stating at the moment that I shouldn’t have travelled as there was “likely treatment pending” and I have invalidated my insurance - this is contrary to what I’ve understood from my doctor who cleared me to fly. + +Basically i feel like I’m gearing up for a battle and this is preemptive information gathering atm because I am an anxious person who needs information to prepare. + +Where is the best place to go to fight this if they do refuse to pay out? Would the financial ombudsman be involved? Are there any smaller steps to take first? Are there any groups you know of who can help? + +Thank you! +Please assume: +You have $10k to invest +You want to avoid shorting stocks or engaging in put options +You already have investments in cryptocurrencies so please don't include +I just got my first Amex card Gold Card, mainly for the 4x points at US grocery stores. Is there anything else I should do or look out for - I’m a 100% complete amateur when it comes to this, no tip will be too obvious., +I know the 1 to 1.5 risk reward ratio but when I book my profits at 1.5 the stock just keeps going in my favoured direction and I always feel like I'm leaving money on the table. +I have been trading for 10 years now, Back when stocks went down. It taught me the value of being disciplined to sell when a trade didn't go my way because it could be years before price came back up. But as I sat back today, watching the madness in Gamestop, watching other garbage companies go ever higher, it got me thinking, is the discipline and risk management that have brought me great success now holding me back? In our current economy is it even possible to have a bear market? With the trillions in stimulus and constant bailouts, will stocks ever truly go down? I don't want to come across as bitter, because 2020 was phenomenal for me. I am just curious if anyone else is questioning the way they operate the risk management of trading at this point? +So, we now have come to part 3 of this saga (part 1 & 2): https://www.reddit.com/r/Superstonk/comments/w7xz71/ibkr_still_refuses_to_issue_me_the_dividend_time/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I’m typing this from my phone on a train under the sea in the channel tunnel, so forgive for typos and stuff. + +After my last post I’ve called CS two days ago (Tuesday). They suggested me to wait until tommorow (Friday) to see if the shares would appear in my CS account. So that’s what I was planning to do (I’m on holiday so a break from all this nonsense was very welcome). + +Until 30 minutes ago. My phone started blowing up with apes in the Reddit chat who I stayed in touch the last days. Everybody suddenly received their dividends. So we’re cool now, right? RIGHT? + +HELL NO. They screwed us over again! We only got 2/3rds of the divi. I was expecting 306 shares but got only 204. So have all the other apes. + +I’ve already send them a very friendly message, because boy where they convinced they would not have to give me the divi and the record date didn’t count and bla bla bla. (Screenshots will come later because, train, phone, channel tunnel) + +I’m soooo looking forward to part 4. + +**Apes who are in the same situation, please screenshot everything!!** +I find it really satisfying to set a passive-income goal in the future (for example $4000 a month only from crypto staking, lending, trading). I have been using some of these services to increase my holdings with compound interest. + +Even if you have a small portfolio you should definitely start. **Magic of compound interest + appreciating asset price will help you reach your own goal a lot quicker and with a lower amount of capital than if you were to ignore it.** + +The best part is that you're usually earning it in kind, so even if the current USD value seems insignificant, I suppose you're not invested in anything you don't expect will increase in value, so every dollar this week will hopefully be worth way more. **Just a nice passive DCA basically.** + +&#x200B; + +* **How to earn a yield on Bitcoin:** + +|Blockfi|Crypto.com|Celsius Network/Voyager|Ledn.io|Nexo.io|Swissborg| +|:-|:-|:-|:-|:-|:-| +|5%|1.5%|6%|6.1%|4%|3%| + +1. All of these services are extremely reputable and work with and are backed by solid companies + +&#x200B; + +* **How to earn a yield on Ethereum:** + +|Blockfi|Crypto.com|Celsius Network/Voyager|Ledn.io|Nexo.io|Swissborg| +|:-|:-|:-|:-|:-|:-| +|4.5%|2.5%|5.05%|\-|4%|3.5%| + +1. The best way right now is to partake in ETH2 staking APY is currently between 6-8%. If you have less than 32 ETH you should stake it on a reputable exchange like Kraken and Binance. +2. Another way is to do it is via rocket pool when it launches + +**Important**: ETH 2 rewards will be locked till ETH2 hard launches. But you can still trade back your locked eth to normal eth by the respective pairs on the exchange + +&#x200B; + +* **How to earn a yield on stable coin:** + +|Blockfi|Crypto.com|Celsius Network/Voyager|Ledn.io|Nexo.io|Swissborg| +|:-|:-|:-|:-|:-|:-| +|9.3%|6%|10%|12.5%|8%|7.25%| + +1. You could use the services mentioned above or you can dip your toes in DEFI lending like Anchor protocol (over 20% APY on UST !), Compound protocol. +2. Liquidity providing is also a good option but you have to worry about slippage high, gas fees and impermanent loss. So I would only suggest LPing if you are more experienced. + +&#x200B; + +* **Earning yield on other coins:** + +Some coins can be staked in your wallet custodially. Some can be staked on exchanges like Kraken and Binance. Please do not miss out on these rewards, they compound and will help you reach financial freedom quicker. + +Note: some of the services I mentioned above are non-custodial. The "not your keys not your crypto" comes to mind. But I feel that the reward we are compensated for FAR outweighs the non-custodial aspect of the services. + +Some questions I got: + +**Q: What is the better way, staking through a wallet or through a DEX?** + +A: Depends on what's easier for you personally. DEX has higher rates but more complicated to set up. CEFI is easier and just deposit and forget about it but fewer rates and centralized. It's up to you! + +**Q: How much do you think you will need to have invested for a return of 4k a month?** + +A: Depends on what coin you earning interest on. If it's a stable coin Around 400000 dollars If it is in Bitcoin it would be more like 1 million dollars worth. + +**Q: What is binance savings?** + +A: It is flexible savings on Binance, which supports a couple of dozens of coins, and takes seconds to activate. + +I hope you find the guide helpful! +Hi folks, + +I have an amount of money that I would be more than happy if I just match inflation. + +During normal circumstances I would do DCA with it and add it to my indexed funds. However, as I am not confident with the current global situation, "just" matching the inflation would be great. + +I was thinking about a low risk strat but being able to meet the goal. + +Going straight to the point: Selling CSP options on SPY with low delta (0.05-0.10), 45dte. Managing it at 21 days. + +Has someone backtested a similar strategy? + +My thought is that strats with 95% WR produce low income and in a black swan event, you can wipe months of gains. However, as the underlying is the SP500 and this money would have been used doing DCA in indexed funds, I could take it as adding to the fund (Terrible justification, I know) or managing it (rolling out, etc). + +Any thoughts or any more ideas? +Yesterday when the sell off started, I began trimming back some of my underperformers at break even or for a small profit. As things got worse throughout today, I waited and when things began rebounding, I closed half of my CRSR 3/19 35 CSP locking in a small loss on those contracts but with still enough upside left in the remaining contracts to capture a 70% gain should they expire worthless. I have enough buying power to have taken the extra contracts and the 3 contracts didn't represent a significant portion of my account (a few percent but not having to sweat about an extra 10k has some value to me). My thinking was that closing the contracts at a small loss allowed me to hedge a bit of my downside in case things continue further down. If things rebound, I still have enough premium to keep the trade a decent enough winner and CRSR is looking to stay volatile for a while so I'm not particularly concerned with being able to reenter. However, by the end of the day today my position had returned to break even. Oh well, stuff happens. + +I have traded for a number of years and corrections haven't tended to recover this quickly and if March 2020 and this dip so far are any indication, I am left feeling like I am playing a bit too defensively for such volatile times. + +Thoughts on me trimming my position or how defensive you guys are playing are appreciated! +Hey all, + +Recently some unfortunate/fortunate events have happened in my life which has left me with a windfall and 50% additional income. (Death of a loved one and a new job opportunity). + +I am rolling over my old 401k into a traditional IRA at tastyworks and various inherited IRAs and life insurance claims which I plan to distribute into a taxable joint account that I own with my wife. + +Old 401k is roughly $27k and the other money will be distributed from the decedents accounts over the next 10 years, in which I will pay the ordinary income taxes on and contribute the rest to the joint account. + +What strategy would be the best capital usage out of a smaller account - $25k, and the larger account >$250k? + +Does it make sense to build core portfolios in indexes using a certain % and selling premium on another % while say 50-60% remain in cash? Since I wouldnt be able to buy 100 shares of an index given the buying power requirement in an IRA, should I buy high beta weighted individual stock? Or just stick to only selling premium. + +Also, with the joint account, since I will only be able to contribute a certain amount based on a 10 year distribution, it will slowly be available. In addition to any savings we have after maxing 401k and ROTH contributions.. should I slowly build positions in the liquid ETFs or straight up sell 30 delta puts? + +Keep in mind, i have a long term growth mindset and want to do everything I can to preserve these assets. Supposedly 2/3 of people who inherit money squander it within a few years. +I know the common approach on managing winners is 50% profit or 21 DTE. I personally use a combination of that where I sell winners at 21 DTE or 50% profit based on whichever comes first. However I'm not so clear on the optimal mechanism used to manage losers. Currently with strangles I manage very aggressively, meaning the moment break even is reached I would manage the strangle. This is due to the infinite risk aspect of it. Does anyone have any data on the optimal approach for managing CSP or strangles? +**TL;DR** my question is: If I set up a 529 Savings account for my niece, is there any way that her parents could find out about or get early access to the account without my consent? As in, would the IRS or the entity with whom I open the account be obliged to inform the parents since the beneficiary is a minor? + +My sister, who lives in the US, recently gave birth to a baby girl who is just the loveliest thing. I want to ensure that if my niece wants, she can attend university in \~18 years and leave school with minimal to no student debt (I assume she will go to school in the US). + +I want to set up a 529 account and hopefully get it to build over the years, but I do not want my sister or my brother-in-law to know about it until my niece is a legal adult. Quite frankly my sister has never proven to be financially responsible, and I don't anticipate that changing anytime soon.Is there a way she could find out about her daughter being the beneficiary of a college savings fund? Could my sister be given access to the account without my consent since my niece is a minor? If so, are there alternative tax-friendly savings accounts for education purposes? + + +Edit: Thank you everyone for the responses, this has been quite informative. +So the second hand car market has been a bit bonkers, in part due to pretty long lead time for new cars. + +This seems to have been going on for a while, with no end in sight! + +What's the general consensus about this? + +I have an ancient Honda that threatens to die pretty much every day, and have been waiting for things to settle, before replacing it. +Hi all, I've been pondering a question that I thought I'd put out to the crowd here. + +Let's say I purchase $1 worth of Bitcoin today, and eventually at some point in the future it grows in value to be worth $5. If I use that BTC equivalent of $5 to directly purchase a product/service from a business that accepts BTC payments, does that mean I don't have to pay Capital Gains tax on $4? + +EDIT: Thanks all, I have the answer to my question. But there has been some good discussion here that hopefully can benefit others. + +Just one point of clarification: In my question's example scenario, I am not selling the BTC at all, just trading $5 worth of BTC for goods. And I understand now that the appreciation I experienced of $4 is a taxable capital gain once I cash it in for USD or use the BTC to barter for goods/services. +Every top 100 coin marketcap is now worth atleast $1Billion USD. + +Huuuuge milestone after another. +Top 200 next. + +Top50 - $ 1Billion coins was about month or month and half ago, and now it's fully top 100. + +This is something special, showing that there are lots and lots of projects that are highly valued and crucial for this industry. Many more to come, many to go. + + +Happy easter everybody! +Pardon my ignorance on the subject, I’ve tried googling but I still don’t understand. For the first time in my life I’m earning enough for my HECS debt to start coming out of my pay (yay!) Now the accountant for the place I work let me know I was paying too much in tax (because I didn’t check the tax threshold box, or maybe the opposite way around?) which meant I was going to get a decent return this coming tax time. + +Now I’m earning a decent amount I’ve been learning a lot to get myself on a finally stable track and that tax return would be going straight into building up my emergency fund. But I’ve been thinking, since my HECS is money I owe to the government, will they just keep any left over tax money to put toward my HECS? Hope that makes sense, thanks +Following [this](https://www.reddit.com/r/UKPersonalFinance/comments/f2bkhw/spreadsheets_for_tracking_finances/) recent thread on UKPF I have taken one of the spreadsheets that was shared by u/Strap and edited it to make it even more UKPF friendly. + +Features: +* Budgeting page where you can enter income and regular expenses +* Ability to enter custom irregular payments +* Ability to budget for multiple large purchases +* A recommended amount to set aside every month to cover irregular and one-off purchases +* Best practice recommendations for managing your monthly budget +* Ability to track Credit Card and/or debt repayments and model the benefits of over-payments +* Default settings that '[nudge](https://en.wikipedia.org/wiki/Nudge_theory)' a user into best practice decisions + +Features it does not have: +* Overall finance/net worth models +* Help with mortgage repayment +* Tacking long-term savings or investments +* Accounting or tax returns + +You can make a copy of the template I am maintaining here: https://docs.google.com/spreadsheets/d/14LZtN7G068QLKAzZSK6gvxhL-4DVCgdqKQtrtiRDlZA/edit?usp=sharing + +Please let me know of any mistakes or feature suggestions. + +**EDIT 15/02/2020**: [Sheet for 2 separate incomes](https://docs.google.com/spreadsheets/d/1d0cjPVtdQdDiq1NkcsP4OLE35Rbx093k8VmN-uXJKqw/edit?usp=sharing), I will not be maintaining this. + +**EDIT 15/02/2020 14:30** Credit cards are now fixed - if you want to update your spreadsheet then either make another copy and transfer your numbers (easiest), copy and paste cells: credit card page D8 to DF, B14 to F14; Budget page B57 to B59. OR edit the cells as per [this](https://www.reddit.com/r/UKPersonalFinance/comments/f3s2y0/i_edited_the_ultimate_budgeting_spreadsheet/fhoyovt?utm_source=share&utm_medium=web2x) comment. + +**N.B.** I am not the original author of this spreadsheet, but I have made significant changes. The original author deserves credit - I suspect they are from the US - but despite efforts I cannot find them. From the wording and lack of Copyright or IP marks I suspect they intended it to be shared and edited freely. I am happy to give credit or take-down if asked. +Hi all! + +I have some extra cash laying around and I don’t want it in a dark corner of a sock drawer. I rather have some fun learning how to trade crypto and potentially make some money. + +But where do I get started? How can I understand market trends, catalyst, what type of news make prices move and etc? + +Any direction would help. +I was thrilled at the decision to see reddcoin limited to 1 thread per week. Now I can get insightful trading news without seeing an announcment every time reddcoin mines another 1% before POSV. + + +I constantly struggle with the urge to day trade Crypto. I have a few investments that are "long term," but since i started investing, ive doubled my money (July 20th i started to invest). And i always wonder how much could i make if i day trade it... OR am i better off by doing long term investments... I could find it in my lifestyle to make an extra $100 a day... could pay off for my student loans and shit... + +Thoughts? +We should make a list of pro-crypto politicians around election season to send out to crypto communities and show why it’s important that this issue be more recognized. We need to show the power of our community. + +If our voting represents the change we want to see in the monetary industry, being a move to blockchain and Bitcoin payments. Politicians will have no choice but to start to have to back crypto and support crypto. + +Or else they will lose elections. +Sorry, if this thread isn't the best put together, I'm feeling incredibly flustered. I have no idea how any of this works. This is the first time in my life I haven't just been given a piece of paper, handed it to someone else, or put it into turbotax, and gotten a check in the mail. + +I have been doing Door Dash since May 11, 2020. I've been using the Stride app to (poorly) track my miles and accurately track income. Until the last 2 lean weeks, I had been putting 30% of my paycheck directly into a savings account. + +I've been given conflicting messages from two different tax preparers, one saying I Need to file immediately but not with them because they're backed up, and another saying I filed my 2019 taxes and don't need to pay quarterly. + +I went online to find help and the government site had this jargon-filled multi-chapter pdf on how to do it. It tells me to estimate my taxes based on my 2019 return, but that seems wrong, because last year I was making pizzas for less than 18k per year, and this year I have to withhold my own taxes and have made 6k gross since May 11. + +How can I figure what I owe? Can I not just cut the IRS a check for 30% of my adjusted gross and call it a day? Why is this like rocket science to me. Any help would be greatly appreciated. + +&#x200B; + +Edit: I've filed my 2019 return in February. I'm flustered because I keep getting emails and notifications that I have to pay quarterly taxes because I'm now apparently an independent contractor and have to pay taxes for the quarter ending June 2020 by july 15, 2020. I've had conflicting info from two local tax preparers, one saying I have to pay my quarterly on whatI've earned May-June 2020, and another saying not till next year. +Why are so many people in this community so despaired and appalled by this? Did they expect it to be at 100k by now or why does this time feel different? +Good article by schwab\*. Seemed to confirm my suspicions that passive investors are serving as a ballast in these turbulent times. The big drops are fueled by algorithmic trading and short-term speculative traders. + +My message: continue to stay the course, fellow FIRE-ees. Yes, it's hard. A few of you may think you "know" that the market is going down over next several months and that you can get out and get back in - **but you don't**. That sort of market-timing mindset is going to make the speculative traders, as a group, lag behind the long-term investors saving for retirement. Yes, there will be winners in the speculative game. There will be a lot more churn in those "winners" than in the group saving long-term. We know this from the over two-hundred year history of US markets. + +Now, I suppose it is possible that we are in a truly unprecedented time. That society will collapse. But if that does happen, there will be no safe-havens anyway. Won't matter if you are long or short, or if you hold equities or bonds. You will need a club. I think it is extremely unlikely that anything of the sort is going to transpire. + +Yes, a lot of people are going to hurt through this time. But we will get through it together. And the long-term mindset is going to be rewarded. These rewards are minted in times exactly like these. + +\* [https://www.schwab.com/resource-center/insights/content/who-fueled-fastest-bear-market-ever](https://www.schwab.com/resource-center/insights/content/who-fueled-fastest-bear-market-ever) +I stumbled upon this article today, and found it both highly interesting and highly relevant to the FIRE mindset: + + [https://www.theatlantic.com/magazine/archive/2019/07/work-peak-professional-decline/590650/](https://www.theatlantic.com/magazine/archive/2019/07/work-peak-professional-decline/590650/) + +&#x200B; + +A few key takeaways to whet interest: + +* Western society often overemphasizes the role of professional accomplishment in identity and happiness, especially for men. +* Many creative/challenging/interesting jobs require fluid intelligence, which declines sharply in the 40's-50's, far before many are done working. +* The lack of a plan for how to transition in life after the onset of professional decline leads to a loss of a primary source of joy for many, potentially even leading to depression, suicide, or other health issues. +* The writer's plan for transition sounds a lot like the priorities commonly given in this community for RE. + +&#x200B; + +The biggest flaw I see with the otherwise excellent article is that the writer did not specifically consider FIRE (or possibly teacher/mentor-FIRE in which a low-paying job utilizing crystallized intelligence is found). He mentions several times that most people have to keep working past their point of professional decline, but doesn't mention the earlier lifestyle choices that can enable the possibility of RE at that point. +As far as I'm aware, hospitals are supposed to give you details on what you're paying for exactly, but I asked for this and it seemed as if it was an unreasonable request. + +Secondly, I asked to set up a payment plan over 8 months which they were fine with, but when I asked for that payment plan to be sent to me in writing they refused yet again... + +What are my actions here? I adamantly refuse to give a business my money without an explanation of what that money is for, and an explanation of how this payment is structured. + +Am I out of line for wanting evidence of what I'm paying for and an actual agreement to pay for whatever it is I owe? + +Edit: I live in New Hampshire + +Edit 2: A quick update, I called again and brought this up immediately to the woman I spoke with, I told her essentially that without fulfilling my reasonable request I wouldn't be paying any money. I am very happy with the response that I got, essentially she said her colleague was a bitch and just trying to get me off the phone because I wouldn't make a payment right then. I told the woman I dealt with she was extremely helpful and she told me I should expect a signed letter going over the payment plan I put together and the first bill all at the same time with itemized list details of everything we went over. + +She also removed one of my disputed accounts, so the bill is 1100 to be paid over 6 months :) +https://www.nytimes.com/reuters/2020/09/04/business/04reuters-tesla-index.html + +Things are not looking good for the wildly overpriced company lately. They're down another 6.6% in after market trading since the news. They will need to announce something revolutionary on battery day to maintain their current price range. +https://www.nytimes.com/reuters/2020/09/04/business/04reuters-tesla-index.html + +Things are not looking good for the wildly overpriced company lately. They're down another 6.6% in after market trading since the news. They will need to announce something revolutionary on battery day to maintain their current price range. +EDIT: + +Ok, looks like it's coming from the Meta Materials debacle where they got screwed over from last week or whatever. + +https://twitter.com/AShortSqueeze/status/1604162540174467073?s=20&t=xrHKsPRuv019bXU2RsPPww + +___________________________________________________________________________________________ + + +In the front page clip with Wes Christian, he talks about a protest/march happening on January 3, 2023 in New York (?). Anyone have more information? + +This is the post I'm talking about: https://www.reddit.com/r/Superstonk/comments/zsqeh5/straight_from_the_man_himself_wes_christian_the/ + +... he first starts talking about it at the ~00:50 mark. + +This is the first I've heard about it and am surprised there hasn't been more talk. + +Not sure what else to say - kinda just going to type here to make sure there's enough so this doesn't get kicked back. How is everyone doing today? Any special holiday plans? I hope everyone is doing well. Spread kindness and goodwill where you go. It can be difficult at times, but your heart and mind will appreciate it - as will the whole world. + +_________________________________________________________________________________________ + +EDIT: + +Ok, looks like it's coming from the Meta Materials debacle where they got screwed over from last week or whatever. + + +https://twitter.com/AShortSqueeze/status/1604162540174467073?s=20&t=xrHKsPRuv019bXU2RsPPww +i am calculating the signal using pandas ta outside the [backtesting.py](https://backtesting.py) strategy class ... now i want to optimize for the parameters being used for generating signals ... + +documentation uses the indicators that come with the [backtesting.py](https://backtesting.py) .... if only i could access the data frame inside the [backtesting.py](https://backtesting.py) strategy class it will solve the issue ... + +thanks in advance ... +Heya, Ive been backtesting my crypto strategy against data from yahoo finance (coin market cap) and have been very successful. However when I backtest with data from binance, the results are very disapointing. + +yahoo finance data: 80% return in about 2000 hours. makes 1000 trades + +[https://i.imgur.com/KRYcONx.png](https://i.imgur.com/KRYcONx.png) + +binance data: \~0% return on 2000 hours. makes 1400 trades + +[https://i.imgur.com/zqABQf0.png](https://i.imgur.com/zqABQf0.png) + +&#x200B; + +What is the reason for this and how can I avoid it? +Tesla has bucked the wider trend of declining sales brought on by the global chip shortage in the third quarter this year, as it sold 241,300 cars — a total of 102,000 more vehicles than the same quarter last year. It’s the most Tesla has ever sold in a quarter (and for some added perspective, the company [sold 367,500 in all of 2019](https://www.theverge.com/2020/1/3/21047233/tesla-2019-deliveries-q4-record-model-3-sales)). + +The company managed to deliver more vehicles once again despite the fact that major automakers saw huge drops this past quarter. General Motors, the largest automaker in the US, said [Friday morning](https://www.freep.com/story/money/cars/general-motors/2021/10/01/gm-sales-chip-shortage-suv/5934699001/) that it only sold 446,997 vehicles in the third quarter — a 33 percent drop from the same period last year. + +Tesla has avoided similar problems in part because it has been [sourcing different semiconductors and rewriting software on the fly](https://www.theverge.com/2021/7/2/22560608/tesla-q2-2021-deliveries-elon-musk) to make those chips work in place of the ones not currently available. Beyond that, the company continues to see strong sales in China, where it started making and selling vehicles in early 2020. The Model Y SUV has also become a popular option in the United States, and Tesla [just started selling them in Europe, too](https://electrek.co/2021/08/23/tesla-tsla-starts-model-y-deliveries-europe/). + +Edit: If Tesla increases production by another 73% by Q3 2022 they will be producing 416,000 vehicles a quarter. If GM sells only 6.5% less vehicles Q3 of next year than Tesla and GM will have the same production numbers. Something to keep in mind. + +[https://www.theverge.com/2021/10/2/22704830/tesla-sold-241300-cars-third-quarter](https://www.theverge.com/2021/10/2/22704830/tesla-sold-241300-cars-third-quarter) +So I recently started working with NAB and was looking through some of the staff benefits. One of them is that NAB will cover 75%of uni fees if the degree is relevant to your job and you have approval from the boss. +Has anyone ever done this? Curious what degrees might be included and how difficult it is to actually get the approval +Starbucks' Howard Schultz: A 'trusted' digital currency is coming, but it won't be bitcoin + +"One or a few legitimate" cryptocurrencies are coming, but bitcoin is not one of them, according to the Starbucks executive chairman. + +Schultz sees potential in blockchain, the online ledger technology underlying digital currencies. + +https://www.cnbc.com/2018/01/26/starbucks-schultz-a-digital-currency-is-coming-but-wont-be-bitcoin.html +Bitcoin is a whole new type of money. It's got lots of superior aspects compared to fiat money but also some downsides. Any thoughts about investing into GBTC or Bitcoin in general? +**Welcome to the Weekly Skeptic's Thread.** + +The goal of this thread is to go against the norm and bring people out of their comfort zones by focusing on critical discussion only. This thread will be stickied in place of the Daily General Discussion thread on Sundays. To be consistent with the theme of this thread, suggested commment sorting will be set to controversial. + +- +*** +- + +**Guidelines:** + +* Uncertainties, shortcomings, concerns related to crypto are welcome. +* Please refer topics such as price, gossip, events, etc to the [Daily General Discussion](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3AGeneral+Discussion&restrict_sr=on&sort=new&t=all) thread. +* Please report promotional top-level comments or shilling. + +*** + +**Rules:** + +* All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. +* Discussion topics **must** be on topic, ie only related to critical discussion about cryptocurrency. Shilling or promotional top-level comments will be removed. Violations of this rule could result in temporary or permanent ban. +* Unlike the daily discussion thread, the karma and age requirements are in effect here. + +*** + +**Resources and Tools:** + +* Click the RES subscribe button below if you would like to be notified when comments are posted. +* Consider reading through or contributing to r/CryptoWikis. r/CryptoWikis is the home subreddit of the CryptoWiki project which aims to give an equal voice to pro and con opinions on all coins, businesses, etc involved with cryptocurrency. +* If you're' looking for the Daily General Discussion thread, [click here](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3AGeneral+Discussion&restrict_sr=on&sort=new&t=all) select the latest item in the search listing. + +*** + +Thank you in advance for your participation. Enjoy! +I'm a 17 year old and I'd like to get into investing. I have been following stocks like S&P500, Tesla, Beyond meat, and Amazon for nearly about 1 year. I know that a lot of these stocks are overpriced. But I find it difficult to pay attention to other stocks, because these stocks are often mentioned here and on other investing subs. Right now i don't have the money nor the knowledge in order to make a wise investment but i wan't to expand my intrests in preparation. + +I'm from Denmark so my exposure to "smaller" american stocks is minimal. But it seems that a lot of danish stocks stay around the same level, whereas american stocks seems to have eternal growth. Another factor is also that the danish is not nearly as big as the US. +Long story short, I cancelled my T-Mobile service in 2018 and was told there would be no remaining balance, that I was free & clear. Fast-forward to last month when I received a collection's notice! Sure enough, I checked Credit Karma and saw that I have a collections hit. I emailed John Legere (CEO of T-Mobile) and within a few hours his executive team responded. I calmly and rationally explained the situation, within 24 hours they responded again with a full breakdown of what happened and that they have zeroed out the balance due to my perfect payment history with the company and requested to have the account removed from third-party collections as well as from my credit report. +With the upcoming rebbit IPO, the firewall they've placed around us linking Superstonk to other subs, and the fact that shill and bot accounts are still a huge problem, it's clear that we're in danger of getting overrun or shutdown. When that happens, I believe all the confirmation, affirmation, and solidarity will vanish suddenly- leaving a bunch of investors out in the cold. The panic will ensue. We need to be somewhere else already. If admins actually wanted us here, they wouldn't be imposing sanctions against us. I don't think they'll care one way or another if we go somewhere else. Most of us will still have rebbit accounts, so their user base shouldn't be affected too much. They're telling us, "Your time is limited. Money is on the line and you're fucking it up." We need to listen. By all means, if admins want to chime in and assure us our freedom of speech and safety, then I'd be happy to hear it. Otherwise, Superstonkers need a place where we can discuss the stock. Hedgefunds have billions of dollars and computers and analysts. That gives them confidence. The least we should be able to do is congregate to discuss the stock instead of being individuals getting their news from the companies that the hedge funds own. + +Discuss. We need a plan. Let's make one. +For the past 6 months we had to endure every disgusting piece of FUD this joke of a stock market ever had to offer. One of those was to make us believe, that retail owns little amounts of shares and if one of the big entities (Blackrock, RC, DFV et al) sold, it would be over. + +This is FALSE, as we have proven with multiple dd's and pols, that retail owns MULTIPLE FLOATS PER COUNTRY. They can't scare us anymore. As we are approaching financial war and ultimately the MOASS, I'd like all apes to remember this. + +THIS is the whale, the peak depends on RETAIL. They set the price, the stock has been shorted too much for any single entity to change anything. For all we had to endure, I will ask you this once: + +Don't you fucking dare miss this chance. We will take back every DOLLAR AND DIME they stole from our grandparents, our parents, friends, from us. Do not sell for cheap, make them bleed, draw the line for decades of fraud and theft. Ape hold for ape. I want everyone with the smallest fractional share to be able to retire INSTANTLY. That is my floor. +[Full Article](https://www.msn.com/en-us/money/markets/the-fed-is-realizing-that-inflation-is-a-smaller-black-hole-of-pain-than-previously-thought-and-stocks-could-rally-16-by-year-end-fundstrat-says/ar-AA13jViR?cvid=db569d02b43a4c08afada234e98fe073) + + + +* The Fed is realizing inflation is a smaller "black hole of pain" than previously thought, Fundstrat said. +* The firm pointed to softer comments from Fed officials that suggested a pause in December. +* A pivot on rate hikes could lead stocks to rally 16% through the end of this year, Fundstrat said.  + +The Federal Reserve is starting to realize that inflation is a smaller "black hole of pain" than previously thought, and a pivot or pause on rate hikes could lead stocks to rally more than 16% by the end of the year, according to Fundstrat's head of research Tom Lee. + +In a note on Monday, Lee pointed to recent comments by Fed officials, which dialed back some of the hawkishness that has roiled markets this year and sent the S&P 500 falling 25% since January. Though inflation remains high, the Fed's Loretta Mester, James Bullard, and Neel Kashkari have made comments suggesting the Fed could pause on rate hikes in December. That led stocks to rally last week despite mixed corporate earnings reports. + +"Inflation is becoming less of a blackhole of pain and the Fed sees that," Lee said. "While skeptics say this is because something is 'gonna break,' commentary by Fed members show it is arguably more due to acknowledging that monetary policy takes time." + +Other experts have also noted inflation is trending down, raising concerns that the Fed could overtighten financial conditions if it plows forward with more aggressive rate increases. Wharton professor Jeremy Siegel noted that there is a lag of about 18 months between what Consumer Price Index data shows and what inflation is "on the ground," meaning the inflation picture could be far less bleak than the Fed initially believed.  + +"A more nuanced dialogue is taking place regarding CPI as well. \[The\] Fed conditioned markets to only focus on 'hard' data," Lee said. "Many investors are starting to see the fallacy of looking at lagged CPI versus leading \[CPI indicators\]," he added.  + +Labor market conditions are also showing signs of cooling, a key signal the Fed is watching for to understand if inflation is easing.  + +"All of this, in our view, are reasons that any equity rally should exceed that seen in July, which was the 'false dawn of a Fed pivot,'" Lee said, noting that the rally in July lasted for 23 days and resulted in stocks gaining 16%. Already, the S&P 500 gained 3% in an impressive turnaround last week, boosted by hope the central bank will ease up on aggressive measures to control inflation.  + +But other analysts remain skeptical. Ned Davis Research noted that a Fed pause in interest rate hikes wouldn't be enough to boost stocks, and any gains made would be fleeting until the Fed signals a true policy pivot. And a pivot likely won't happen until the Fed sees clearer inflation data, more softness in the labor market, or "something breaks in the financial system," the research firm added, casting some doubt on any potential upside for stocks.  +Jan 28 (Reuters) - U.S. industrial giant 3M Co reported a 28% fall in quarterly profit on Tuesday due to restructuring and litigation charges and said it would cut 1,500 jobs globally as it looks to reduce costs. + +Net income attributable to 3M fell to $969 million, or $1.66 per share, in the fourth quarter ended Dec. 31, from $1.35 billion, or $2.27 per share, a year earlier. + +On an adjusted basis, the maker of Post-it notes and Scotch tape earned $1.95 per share in the quarter. + +Net sales fell 2.1% to $8.11 billion. +I just want to ask him, how his shorting positions are doing, considering that the South African Stock Market has and continues to outperform the American, European and Asian stock markets as the South African economy is now coming out of recession and investors are streaming to South Africa. + +Do you plan on holding your short positions and hoping for the best (Well, worst for the country, best for you), or have you already, or are you at least planning to sell your short positions if things continue to improve for the South African Stock Market and economy? + +Also, to other investors, do you think that he has made a huge blunder with his decision, or do you think he should hold as he made a possibly good decision? +I've been lurking here for quite a while and haven't seen anyone post on this topic. My \[33m\] wife \[28f\] and I are on the same page for the most part when it comes to finances generally and FIRE in particular, except for the fact that she *loves* to work. I 100% cannot relate but she genuinely seems to find meaning in going to her office, going to team meetings, interacting with clients, etc. She loves it all. And has told me that she never plans on retiring. For a bit more background, we live in a HCOL area and work in professional fields - I'm a corporate lawyer and she's an accountant, and we both work in large firms. Unlike my wife, I get absolutely no enjoyment from my job, and am only still doing it because it pays so damn well. My goal for the past several years has been to retire as soon as I possibly can - there's a lot I want to do to put my legal education to good use, but it just so happens that none of it pays very much. + +We just had our monthly budget meeting and I made the observation that as a technical matter, her income from her job plus our passive income (almost entirely from rental properties that we own) will cover all our expenses. In other words, we're kind of "half FIREd" - I could retire, and we'd be able to coast indefinitely with our current lifestyle (which we could even increase as she gets her annual raises). Now, I know this wouldn't be the most prudent course of action because obviously her job isn't guaranteed and if she loses it or decides she wants to stay home with the kids (unlikely), we'd be up shit creek and I'd have to get a real job again. But just wondering if anyone else navigated this sort of situation - have you "half FIREd", and if so, how is it working out? Would you recommend I keep slaving away in my soul-crushing job until we save enough to more or less be assured of our income, even if my wife also retired? +I was searching old posts on this sub and I found a thread where people were debating whether they should sell or hold Bitcoin in 2010, its price at that moment was at 23$. + +[https://www.reddit.com/r/Bitcoin/comments/hwldl/ok\_bitcoin\_users\_time\_for\_your\_first\_test\_will/](https://www.reddit.com/r/Bitcoin/comments/hwldl/ok_bitcoin_users_time_for_your_first_test_will/) + +Check it out! I'm sure you'll enjoy reading the comments. +I've been seeing and hearing a lot about the debt ceiling and the possibility of defaulting if it is not raised, so I decided to do a little digging. Below are charts showing SPY the three previous times the debt ceiling was suspended. + +Additionally, the debt ceiling has always been raised/suspended every time this debate comes up: [https://en.wikipedia.org/wiki/History\_of\_United\_States\_debt\_ceiling](https://en.wikipedia.org/wiki/History_of_United_States_debt_ceiling) + +Debt Ceiling Suspended October 30th 2015 + +https://preview.redd.it/tpds3vk0ghq71.png?width=1904&format=png&auto=webp&s=efb4337165b7b54b5eb224a1557bb9614d45995a + +Debt Ceiling Suspended September 30th 2017 + +https://preview.redd.it/cnz13vk0ghq71.png?width=1904&format=png&auto=webp&s=2a5a3ebff19684fe3bad71b9b79908122804b1d9 + +Debt Ceiling Suspended August 1st 2019 + +https://preview.redd.it/p8okrzk0ghq71.png?width=1904&format=png&auto=webp&s=fe9d9434b1de1ff9478c763c67f077eebfd1c362 + +What this says to me: + +* Anticipation of the debt increasing does not definitively influence overall market trends. In 2015 and 2017, SPY was trending up even before the debt ceiling was suspended. In 2019 SPY was trending down. + +* After the debt ceiling is raised, SPY can either go up (2017), down (2015), or sideways (2019) in the short term. But it always goes left to right. + +* The debt ceiling will most likely be suspended, as it has been every year in the past. + +The big takeaway I can see from all this is that the debt ceiling debate isn't actually that important overall. It will most likely pass, and it will most likely not have a definitive outcome on the overall market. + +The price action happening now is almost certainly from other factors, not debt ceiling politics. +My partner is self employed and in the process of transferring all her previous pension into one pot. + +She finds personal finance and pensions a bit complex and hasn't the time to get her head round it so has got a company to handle the transfers and to actively manage the pension fund. + +She tells me the transfer and ongoing annual service fee is 3% of the fund. This seems insane. + +Am I right that this is crazy high? Can anyone recommend alternatives? + +Importantly, can someone in the most basic terms explain why this 3% fund is not advisable vs a pension fund with lower fees (so I can pass this info on). Real world £ amounts to make the point hit home would be useful. + +Ta! + +Update: so we looked through the documentation. It's a local Financial Services company. They just handle the transfer and set up and have recommended an Aviva pension. The initial fee is 3% and the ongoing annual fees come to 1.48% in total, which is much better than we first thought! Still, my partner is quite alarmed by how much that would eat away at her pension over the next 30 years. I'm going to look into to some SIPPs for her. I like the look of the Vanguard Target Retirement - it might be the perfect fire and forget type of plan that she wants and I think the fees are a fraction of the Aviva one (0.24% ocf). + +Thanks again for all your comments! +A common strategy for new traders is vertical spreads, because of their affordability. That doesn’t inherently make them great strategies. There are lots of drawbacks from poor expectancy, unfavorable risk to reward ratios, and they’re difficult to adjust. These tend to be more directional plays even if they build in a buffer. They were some of my first options trades and they remain some of the most unproductive strategies I’ve deployed. That’s not to say there’s never a time for the strategy but if I were to start trading again it would be with a CSP to a CC. + +If I could communicate with myself starting off, here’s how I think it’d go: + +Younger Erik: But I have a smaller account and won’t be able to put many on. +Now Erik: That’s not a bad thing. Pick good products (index or sector ETFs, SP500 stocks, etc), and slow down. Theres no need for 15 verticals with $22 max profit and $78 risk. This is a good way to bleed out. + +YE: They’re slow and boring. I want to make money quicker and learn more. +Now: Don’t we all. But the only thing you’re rushing into is throwing money away. CSP to a CC is a great way to learn fundamentals and limit the stupid mistakes made while learning the basics. Papertrade all the strategies you want and carefully document what works and what doesn’t for you. + +YE: Papertrading isn’t real trading, I can’t learn from that. +Now: Yes you can it’ll also help teach you discipline which you’ll need to succeed. Treat the account as you would your own money. You’ll learn plenty while saving tons of money. + +The biggest hurdle when first trading is ourselves. Forcing trades because it’s all that we think is accessible is a really poor reason for a trade. Aggressively save while learning via cash secured puts to covered calls in good products. + +Learn to manage puts. Learn to manage calls. Understand how they react in different time frames and against different volatility. Conceptualize gamma. Experience the theta decay curve. Find out how price movement interacts with changes in volatility. + +All these base lessons can be learned when trading the CSP and CC. Not to mention, my 5 primary strategies account for over 85% of my trades. Nothing wrong with learning and familiarizing with more but don’t let that distract you from getting extremely proficient at a few. + + +Why BBBY is Down! + +I sit here holding my shares in BBBY and see everything going for a strong short squeeze, and I am in shock that this stock cannot get squeezed. The information came out last night that the shorted stocks were up form 29.07 million on 07-29-22 to 30.76 million on 08-15-22. This is exactly what we wanted to see, more short interest, yet here the stock is going down this morning. All I can Figure is that the Apes here do not believe that this stock can be shorted or are selling at very little profits or even selling at a loss. + +I have read articles here on WSB, saying that there will never be another GME. I just want all you Apes to know that these short squeezes have happened in the past and will continue to happen in the future. Maybe this was the first time it was started my retail investors, but they have happened before. For example, a stock you guys are familiar with, Tilray (TLRY) back in 08-2018 was shorted and went to $300 per share. This was not done by retail investors, but was done institutional investors, still it was done before. So short squeezing stocks has happened in the past will happen in the future. + +What’s blowing my mind is here we are with a stock shorted over 100% and the retail investor cannot get on board with this squeeze. And you’re not going to squeeze the stock by having it stay in the 9-to-10-dollar range, it has to get up there in the 30-to-40-dollar range plus for it to start to squeeze. By letting the stock price stay at 9 and 10 dollars you are allowing time for the hedge fund managers time to decide if they want out of their short position at a small loss. If they exit their position, they will be taking a loss, but not nearly as bad if the stock goes up. + +So, stop sitting on the fence and stop selling for small profits, a squeeze is possible but only if you buy the stock and hold it, don’t sell it till it make a 500% return or better. Then be ready to reenter the stock if it drops back down again, only this time you will be hold more shares which will continue to drive up the price of the stock and start a real squeeze. + +Keep in mind a squeeze has nothing to do with, if you like the company or not, its squeezing the short holder to drive up the price of the stock until they, the short holder is in fact made to buy the very stock they are shorting and drive the price up even more. + +I hope this helps to explain what is trying to be done with this short squeeze. Buy and hold, only sell with a big profit and reenter the stock if it goes down and hold more stocks than before and don’t sell for small gains and definitely don’t sell for a loss, you must hold the stock regardless of it going up or down 20 to 50%. +As the title says, I'm surprised there isn't more discussion about NEE. It has a nice record of dividend growth. It has also outperformed the S&P and SCHD over the last five years. As a U.S. utility it enjoys a significant moat against competition. Also, by the way, it's the largest electrical utility in the U.S. Furthermore, NEE has growth prospects in renewable energy. Why doesn't NEE get more love? +If you can only choose one stock for each sector, what stock would it be? Is there a specific reason for your choice? I am looking for other stock options and diversity as I have started investing less than one year ago. I am 17 years old for context and currently have 3 different stocks. +Dividend Masters, I seek your insight and opinion regarding REITs. + +I may be demographically biased due to age and financial status, but there appears to be a growing tension between the upcoming generations and the general housing conditions. + +I see many articles and opinions (not always reputable) regarding the increasing cost of living to income, and its relation to inflation and the historical values. **Obviously there are a lot of subjective feelings brought out due to recent politics. This post is not about politics.** But a disproportionate cost of living sentiment is nothing new to me. And it seems to be growing in severity and tension. + +I understand the difference between commercial and private real estate, but it is still concerning. O is by far my worst performing position. Am I being too emotional in thinking that that money would be safer with an individual consumer-defensive company? What are your thoughts? +What is the future of our REITs if the cost/income disparity grows wider? What if it reverses? +Hello, + +I own more than 100 stocks of OHI, ARCC, STAG, and PBA and I would like to start buying options to get extra income. But I don't wanna sell any of my stocks. + +For example, I see OHI has options for April, 14th. I'm targeting the $24 strike price, the bid is $4.3. + +So + +- Will I get $4.3 in total or for every stock? +- Do you recommend to buy options for short periods or longer periods? +- Do you buy options for all stocks or just for a few? +- Is there any difference between dividend paying stocks with monthly/quarterly/annually payments and non dividend stocks? +- Are taxes automatically discounted like with dividends? + +I would really appreciate any advise or good book/video that I could use as a reference. + +Thanks, +I have been lurking around here for quite some time and it seems like people talk a lot about the balance between growth and dividend. I am super green to all of this, but I am looking for some advice. + +I have my 401k through that I contribute to and I let it reinvest the dividends. I have also just starting playing around with different stocks on RH. Some of it was the meme stuff, but the half year or so I have mostly been interested in trying to build more dividend income. + +The main question I have is at the age of 40 how much should I invest % wise into dividend and how much into growth? For now lets say I am investing $10,000. Should I have many dividend stocks or is it better to just spread it through a couple of dividend stocks? I recently created a Fidelity IRA and I was thinking of transferring all of my RH assets over to Fidelity I assume to help with taxes. Like I said I am very new at this and getting a pretty late start compared to most around here, but any helpful tips would be much appreciated. +I recently started investing in $SPHD for the monthly dividends and for the diversification of an ETF. I understand that it doesn’t have amazing growth but it still has growth plus DRIP. Does anyone think this is a bad buy? I kind of see it as a high interest savings due to the very little volatility typically. +I am about to start investing and thinking about opening a Roth IRA since they won’t tax you. But I am not sure if a regular broker account is better. +Also is there bank that you would recommend for Roth IRA account? +Hey all, so I keep seeing alot of people and youtubers talking about how robinhood is just a bad platform now. I would be ok with moving but as a newish investor I just love the format they have and how simple it is. I've looked at others and just feel its rather complicated. Am I just being stupid worrying about the interface? I made an M1 account and didn't like it because they only let me trade at 9:30AM. Think or swim is one im using to paper trade covered calls, and webull looks way too complicated. If I am being stupid by worrying about the interface which brokerage should I settle on? I use fractional shares and DRIP alot. +I put $50 a paycheck into a savings account that I use for my Roth. That gets me to $1200/year and then I put in the rest of the $4800 in on an ad-hoc basis-usually most of this comes from my tax return. + +I am thinking I could probably find another $1200 through dividends if I turn off DRIP on a dividend company (my brokerage account is around $26k) but I don’t invest in dividend stocks outside of my IRA (besides Apple). + +I’m thinking this would help me budget better since I won’t have to think about where or when i should time the IRA deposit. + +Does anyone do this? What are the reasons you would not do this? +Avid reader of this sub and I’ve been having more and more concerning conversations with friends, family, colleagues etc. + +I’m in a large whatsapp group for a fitness community and the topic has come up this morning about people being able to afford to pay bills with everything going through the roof. + +A lot of people are worried about defaults and CCJ’s and it got me thinking🤔 + +I wondered what people’s opinions where if large swaths of the population began defaulting because of being unable to pay and then in tern ending up with CCJ’s, if this happened to a large percentage of the population what could this do to the economy? + +Millions/tens of millions unable to get credit, no mortgages, no credit cards, no loans, no buy now/pay later + +Realistically what type of damage could this cause? I appreciate I’m looking at a very worst case scenario + Well, as I predicted, they kept the price over $50 so that the stack of 10,000 (yes, ten thousand options) Put contracts didn't get executed. That tells me that they aren't just tanking the price, and that they are playing the options spread at the moment. + +It also tells me that they are scared shitless of shares needing to be delivered and taken off of the open market. They'd rather keep the price boosted over $50 to stop delivery than to risk an extra 1,000,000 shares getting into long hands. + +But, thankfully, that also let's us know that they're still playing the game. If they were giving up and going into all-or-nothing mode, they wouldn't give a shit about the deliveries. They'd either flood the market with 25,000,000 FTDs while tanking the price to cover at $20 while hoping they have enough left over for the fines... Or they'd cash out what they have left now and file for bankruptcy while leaving the clearing houses to pay the bad debt. + +No, they're still planning on finding the cheapest way out of this without any (or minimal) legal trouble. That means we're still getting paid. (Eventually...) + +I've been watching this for a while now, and I think I've gotten a hand on what they are doing. This coming week will be the tell-all... And I'm going to explain why I believe the price can only go up... + +So. Let's crunch the 2/19 option chain and see where this train is headed... - This Week, oooon Gaaaaaame Theeeeory!... *queue intro music*... + +Current price $52: + +Put ITM: 59,434 + +Put OTM: 346,288 + +Call ITM: 29,930 + +Call OTM: 87,111 + +At Current Price, a total of 89,364 option contracts are ITM. + +Now, let's look at possible price movement. See, they are keeping Gee em eee at the line of demarcation between the single-dollar price change contracts ($41-$42-$43-et al.)... And the five-dollar price change per contract ($50-$55-$60-et al.) + +That means that for every dollar that the stock drops, it executes a new Put option contract... But it would need to climb five dollars to execute a new call option. That's why I told you in the last thread that they are playing between the $50-$54.99 range all week. + +See, because of the contract price structuring, it actually costs them MORE to knock the price down any lower. Allow me to explain: + +Lets look at both the Call and Put sides of the option chain... And for the nearest $10 swing in prices... + +There are 29,337 Put Options for $40-$50 strike. + +There are 2,459 Put Options for $51-$59 strike. + +There are 13,187 Call Options for $40-$50 strike. + +There are 3,066 Call Options for $51-$59 strike. + +Now, lemme explain why I believe this matters in predicting where the price is going to drift this week. + +If the price were to drop by $10, the net difference would be an ADDITIONAL 16,150 options that would be executed because of the contract price structuring. 10 Put Options would become in the money. + +Conversely, if the price went UP by $9, the net difference would be 507 extra contracts that would be able to be executed. Because of the price structuring, only two new Call Option strikes would be able to be executed between $55-$59. + +If we were to just look at the next five Put Option contracts below the current strike price, it equals up to 22,175. That means if the price were to DROP $5, they would need to find delivery for an EXTRA 2,217,500 shares. + +If the price were to go UP by $5, they would only need to find 85,600 extra shares to cover the extra contracts that would be ITM at $55. + +Let me say that again. If the price goes DOWN... It takes MORE shares off the market because of the Put Options going in dollar increments, while the Call Options go up in $5 increments. + +It is also interesting to note that ending the week at $59 would cause less deliveries than ending at $55. + +My hypothesis: They can't hold the price at $50 this upcoming week simply due to the lack of shares available and the buyer demand staying so consistent. We only had 12mil-13mil volume the last two days. The shares are drying up. + +So if they can't hold the price steady, they need to decide which direction to move it. And based on the math, moving the price UP would save the shorts money by causing the lesser of two evils in extra deliveries. + +But one thing is for sure. They can't let the price tank any lower this upcoming week. It would trigger too many new deliveries. + +(There's actually some serious game theory that says the best move to trigger the squeeze would be for us to ALLOW the price to drop to exactly $39.99 at close of next week... as odd as that seems) + +So what's my non-financially-advising-crystal-ball predict that this weeks close will be on 2/19?... + +$58.47... + +They are going to allow some big single-day swings Tuesday and Wednesday to send the stock price from $52 up to tickle the $60 mark so that they can go balls-deep selling $60C Premium... And then they will hold the price just below the line. + +The next target after that would be $69 (giggity), as there is a large off-set of Calls vs Puts at $70 that would cause the delivery equilibrium to start going net positive again. I just don't think they're going to let us get $19 in a single week, as that would cause retail investor interest to start going up again. + +Tl;dr: We end next week at $58-$59 and the slow bleeding continues until the week of Feb 26. + +I'll be back when I finish another model I'm working on... + + orgininally posted by u / ThatGuyOntheReddits + + +One thing to take in consideration when getting into the stock market, is knowing when to sell and when to buy. Don’t be too greedy, do not waste the chance of selling a stock that has risen to a solid price just because you think it could go higher. What you can do instead is have a clear plan and target price based on your due diligence. If you’re expecting more growth than anticipated, don't get greedy, take your profit and let your initial investment ride. + +Moreover when buying, never use anything other than your “play money” to trade with, especially when you’re just starting out. No job paycheck money, rent money, none of the essential day-to-day needs. Have a certain amount on the side you can trade with that won’t affect the livelihood of yourself or your family if it disappears. +Hi Guys + +&#x200B; + +Introducing Space Hoge, $SOGE [https://soge.finance/](https://soge.finance/) + +&#x200B; + +Their team tokens will be used to set up observatories in high altitude locations. These observatories will be used to produce custom NFT’s from images of the night sky. It is TBD on what exactly they are going to do with this idea among others, but the potential here is massive if you’re catching this early. + +&#x200B; + +contract address 0x41933422dc4a1cb8c822e06f12f7b52fa5e7e094 + +&#x200B; + +$SOGE coin launched around 36 hours ago, I was lucky enough to be one of the first 50 holders and it has not disappointed since ! + +\-5% burned every transaction + +&#x200B; + +\-5% redistributed to holders every transaction + +&#x200B; + +\-10% tax on every transaction ensures bots are punished for trading. Long Term Holders will be + +rewarded. + +&#x200B; + +\-100 trillion supply, Token burns continue until there are only 30 trillion tokens left! + +&#x200B; + +\-Beautiful Website + +&#x200B; + +\- The community is growing fast but still few holders (772 at time of this post) + +&#x200B; + +\- Great Marketing team, with influencers already on board due to promote over the next few days. + +&#x200B; + +\- AMA with the developers coming tomorrow I believe (they are also active in telegram chat) + +&#x200B; + +\- Exchanges on the way like Coin Gecko and CMC applied to, should be live soon, but also bigger ones in May (Rumors' say Binance and Pancake swap) + +&#x200B; + +Chart : [https://www.dextools.io/app/uniswap/pair-explorer/0xce0848e77370687e9cb33b4af15f1861616d46c6](https://www.dextools.io/app/uniswap/pair-explorer/0xce0848e77370687e9cb33b4af15f1861616d46c6) You can see the growth already ! + +&#x200B; + +Telegram to join - [https://t.me/sogefinance](https://t.me/sogefinance) + +&#x200B; + +Buy using UniSwap - [https://app.uniswap.org/#/](https://app.uniswap.org/#/) + +&#x200B; + +Many like myself have missed other coins incredible growth, do not miss this one, this has potential to still do x100 easily ! +I invested in Bitcoin in June of 2012 and I've done pretty well since then. Today I was posting bond for a friend of mine who was booked on a drug-related charge and I sold some BTC to cover the bond. I had to produce statements from MtGox in order to show how I obtained the money. I was grilled by the prosecution for about 30 minutes regarding Bitcoin. The prosecution had looked up some stuff in Bitcoin and they were trying to argue that I might have obtained the money by illegitimate means (i.e. laundering money), but their arguments were dismissed pretty quickly by the judge. Mind you that pretty much nobody in the court room, including the defense, had any idea what Bitcoin was when we started. + +**Some of the questions I was asked by the prosecution:** +1. Is it true that Bitcoin is not regulated by any state? +2. You are aware that MtGox is not a registered money transmitter? +3. Bitcoin is not a real currency in the sense you can't use it in Wal-Mart, is that correct? +4. Your MtGox account is not an investment account, such as a traditional mutual fund, stock or options, correct? +5. Is it true that Bitcoin is not the official legal tender of any country or jurisdiction? +6. Is it your understanding that Bitcoin is not regulated by FinCEN? +7. Do you realize gains from the rise or fall of the current Bitcoin price? +8. Do you know how Bitcoin mining works? +9. Do you mine Bitcoins? +(there are many other questions in the span of 30 minutes, but these were the ones that stood out) + +**My answers:** +1. Yes, it's a decentralized currency so there is no country or state that controls it. +2. Objection by defense and sustained. +3. Is that relevant? (the judge said that he's going to determine if it's relevant and I should just answer the question) ... Yes, you can't use it in Wal-Mart. It's not a traditional currency in that sense. +4. It's not a traditional investment account, but it's no different from investing in currency. (the judge and the prosecution went back and forth here about how one can invest in Dollar/Yen, Dollar/Euro and they agreed that it's an investment) +5. Objection by the defense (asked and answered) and sustained. +6. Yes. Objection by the defense, but it was overruled and I had already answered the question. +7. Yes. It works just like any other investment: you buy in at a certain price and you sell at a different price. If I have profit, then that's a capital gain. +8. Yes. +9. No. + +**Statements by the prosecution (most of them dismissed by the judge):** +1. Bitcoin is used for money laundering and other illegal activities. +2. Bitcoin is not a real currency. +He went on about how it's not regulated, it's not real currency and it's used for illegal activities such as money laundering, but the judge dismissed it saying that it's irrelevant. They also tried to suggest that money obtained from Bitcoin is not traceable, but the judge agreed with the defense that the statements from MtGox are sufficient to prove where the money came from. The judge also made statements that this seems to be in line with any other investment and it should be accepted as a legal source for the bond. + +**Closing statement from the defense (this was the best part):** +"Some people like to keep their money in the bank, some keep it under the mattress and some invest it in geeky stuff like Bitcoin. **(the whole courtroom, including the judge, erupted in laughter)** However, that's not grounds for rejecting the bond. It is entirely reasonable that the witness, who is x-years-old, not married, has no children, has no mortgage and makes x amount of money per year is capable of producing the bond amount." + +All and all, it was pretty fun to be up there and testify in defense of both my friend and Bitcoin. I'll try to get the court transcripts and post them up here, it was pretty entertaining to see the prosecution struggle with Bitcoin. +I thought I had finally gotten out of the dumpster fire that is my financial situation. December was supposed to be a good month for me. I was expecting to be paid 3K on Dec. 3 from a client (self employed). They let me know they weren’t able to make the payment and asked to push the deadline today. Having gone through this on my own I was sympathetic. + +In the past week, because they didn’t pay me, my bank account is now in the negative because of bills being autodrafted and my bank adding overdraft fees. I have racked up $324 in overdraft charges and my bank account now has -$784 in it. I don’t know if I can do anything about the overdraft charges because it’s not my first offense. + +Anyway, I expected them to pay me today as they told me they would. Instead, I received an email letting me know they still couldn’t pay the full amount but would send me $150 and can pay the rest later “when they’re able to”. I plan to add on a late fee to at least account for the overdraft that has ensued on as a result of this situation. + +I have a payment of 1K from another client coming next week which will get my bank account out of the negative (barely). But then I HAVE to pay $700 in business expenses, and I also owe my bf $900 for rent - he will be lenient and will probably let me pay him back but I feel awful about that. I have another project wrapping up that may give me an additional ~$500 which will help a little bit. + +I feel sick to my stomach and I’m just in ultimate panic mode right now. I don’t know what to do and I was not expecting this. I am tempted to maybe call my parents for help but I really DONT want to do that. I just don’t know what to do at this point and I am equally parts sad, anxious, and angry. + +I have approximately $2,414 monthly expenses right now. Was expecting to make 4K this month leaving me with a healthy chunk leftover that I would put towards January since that looks like it will be a slower month for me. + +Looking for a “real job” has been on my mind a lot, and something people always tell me I should do. but after looking at my revenue this year I made 70K which I feel is pretty good for my line of work. How I got to this point financially, I don’t know. I’m still considering finding a part time job or something to help in the meantime but I just don’t realistically think that can happen until after the holidays… which doesn’t really help my current situation. + +Mostly needed to rant but if anyone has any advice I would definitely be open to it. +I have a therapist. And I sometimes have issues related to anxiety around wealth, giving, and career. How much do you share with your therapist, and do you have any experiences with discussing your wealth going particularly well or poorly? + +I’d like to discuss my fears around income instability, but my income varies between $300k-$900k. While my anxieties are real, the scale of my numbers means I tend to not want to share them. + +How do you discuss money-related mental health issues with your therapist? +My father passed in 2020, leaving my mother with a large rollover IRA. With the recent stock market runup, it's coming close to bumping up on $10M. The IRA is in a Fidelity SMA, essentially all blue-chip US stock. My mother is 59 and will soon be eligible to withdraw from it. While the $10M Build Back Better cap may not pass, my mom will have to take Required Minimum Distributions at 72 and, if she did pass, my sister and I would have to distribute over 10 years. Either of those scenarios are likely to wind up with massive tax implications as IRA distributions are essentially treated as regular income. + +&#x200B; + +I figure it's prudent to start planning now, to transfer as much as possible out of the IRA at lower tax rates over time than to wait for RMDs to kick in. Has anyone here gone through this themselves? How have you approached it? My current thought would be to calculate her income headroom up to the 35% personal income tax rate and withdraw that much each year to begin pulling it down. If that's not sufficient, continue into the 35% tranch as much as needed. Any thoughts there? + +&#x200B; + +My mother's baseline annual income for the next \~10 years will roughly be as follows: + +&#x200B; + +|Taxable Dividends|$100k|| +|:-|:-|:-| +|Interest income|$20k|| +|Trust dividend income (pushed to personal income)|$25k|| +|Cap Gains from business sale (spread over 10 years of payments)|$30k|| +|(At 67) Social Security|$27k|| +|(At 67) Pension|$11k|| +|Total (Now):|$145k inc + $30k CG|| +|Total (At 67)|$183k + $30k CG|| + +&#x200B; + +With the 35% marginal tax break at $209k for single heads of household now and a $19k credit, we can take out $83k before hitting that rate, which doesn't feel like quite enough to counter overall average growth, nevermind draw down. These numbers are approximate for illustration purposes. + +Another strategy I've heard are to use (part of) the IRA as her bond allocation to put more growth in the taxable accounts, which max out around 20%, which I'm considering. + +Are there any other big strategies I'm not thinking of, or do we just have to dip into that 35% rate a significant amount every year to avoid getting hit at the highest rate of 37% down the line? +I think by now we know the magic number we need to hit is around $350 before the SHFs start to REALLY panic. We're actually not that far away from it. We also know Gamestop is working on something to do with NFTs. Speculation puts the NFT project as an NFT marketplace for anything and everything. I believe I also read a post that with this NFT marketplace they expect a billion new NFT users. If Gamestop is able to pioneer the first user friendly NFT marketplace, then they'll definitely double or triple their market cap. Hell, even a successful transition to an omnichannel e-commerce solution will double GME market cap at least. (I don't have the calculations, something about ecommerce PE ratio being like 20x while GME currently is like... 4-5x? Or not even?) + +Our Papa Cohen definitely knows when these exciting projects will come into fruition, and knows how much GME will be valued when GME launches these projects. If he sees that let's say within a year he can organically grow GME to be worth $400 a share, then why would he issue an NFT dividend and risk complicating the MOASS through litigation nightmare? He'd much rather put his head down and work hard to release GME v2.0, or GMerica, as you could also call it, as soon as possible. I mean, if you look at the job hirings GME is doing, it's absolutely insane, both the number and the sheer amount of NFT roles as well. + +TL;DR = Papa Cohen playing 5D chess while we fling poo at one another. Trust in papa cohen. + +Edit: Some of you misunderstood what I am saying and think I'm denying MOASS. No, MOASS is gonna happen, it's inevitable. But if Papa Cohen sees 3 possible ways for MOASS to start within the year: +1. DRS +2. Organic growth of stock value to the point where margin calls are triggered +3. NFT Dividend + +He'd probably rely on the first two ways, and will only save the 3rd way as the last resort. + +Edit: Obligatory mention to drs your shares, because some people think if drs isn't mentioned, even if it has nothing to do with the topic being discussed, then it's FUD. +I quit my job 6 weeks ago because of vax mandates and I have a pre-existing autoimmune problem so I refused to take it and cashed out my 120k retirement fund and put it into BTC a week or so later at 50k/BTC. + +It was a bit of a rough ride when BTC went down to around 43k, but now I have already made more money from HODLing the bitcoin I bought then I would have made from my paychecks if I had stayed at my work. +Every one of us here hold coins and tokens, regardless if they're BTC or a Shitcoin. + +So many times people on here put people down for being just here for the money. Those same people always have their Reddit vaults open and are farming with passive aggressive comments 10x an hour. + +"Cociane and hookers" +"This is the way" + +Bore off. + +We are all here to make money, if you were solely just here for Blockchain technology, you'd be in the Blockchain sub or other technology specific subs. + +The only reason I am I to crypto currency is purely because I want to trade the coins profits into my local currency (so I can actually spend it) the only real use case for spending crypto is XMR or BTC on DWMs + +After all this is literally a financial & currency subreddit. Not a technology sub.its nice that the technology is pushing the price, but let's be honest all we care about is the money we make. +So my girlfriend has been in at University for two years, which her dad claims to be covering, but she recently discovered that 17,000 in student loans exist in her name. This may partially be due to fiscal irresponsibility on her part(not checking her credit score ever), but her dad would vehemently tell her to not worry about the bills getting covered. + +Admittedly, these loans aren't such a bad thing, as they are federal with deferred payment, which is better than a lot of 20 year old students have, however her dad outright lied to her about their existence, so either he doesn't know, or he doesn't care. + +Also, her mother recently discovered that he has multiple maxed out credit cards that he seems to be paying the bare minimum on. This may double as an /r/relationships post, just because a great deal of these problems seem to be tied to communication issues, and trust between family members. + +Her mother is now trying to track down a 9-5 to secure a more stable income to take care of her self as she contemplates divorce; she has a background in accounting, but that was 20 years ago, so I imagine that she is in a tough spot. + +What options does my girlfriend have to protect herself from her father's irresponsibility? +Hi, this is a throwaway account. + +I work at a hedge fund that pays a meaningful amount of compensation in deferred - the money is put into the fund and then paid out 50% next year and 50% the year after that. The fund invests in bonds, or close enough. I am 29. Deferred comp is paid out if you quit, are fired but not if you join a competitor. + +I just got paid a lot, so my assets look like this: + +$700k post-tax cash compensation (coming in February) + +$450k taxable equities + +$150k 401k / IRA - in equities + +$220k LP stake in the fund + +$800k pre-tax deferred compensation + +If you ignore the cash for a second, my equity/bond split is roughly \~75% / 25% ($450k + $150k vs $225k) which feels about right. If you count the deferred compensation without factoring taxes, it's 37% / 63% equity/bonds! Even counting taxes, gets you back to \~50/50. + +I guess my question is: would you allocate the cash to get to my desired equity/bond split assuming the deferred comp is 'real', or would you ignore it? + +Thanks. +I´m spending only 6% of total income on rent, and lately I feel maybe I'm just being cheap. I know about the 25%-30% rule of thumb, but I hesitate to spend that much money. + +My wife and I come from a family that always struggled with money, but for the past few years we have been doing very good, our income is about 4x of an average person (we are in Mexico, so we are not rich at all). Our total savings rate is about 61% of total income. + +We live in an "ok" apartment, near to everything in Guadalajara; upgrading to 25% spending would mean moving to a modern apartment, in a very fancy area. Would you make the change?, what % do you think its more suitable for people aiming to FI? +Hi all, + +I continue to read this subreddit on a very regular basis, thoroughly enjoy doing so. I feel a link to my previous post would make sense, it'll give you a better idea of my situation: https://www.reddit.com/r/UKPersonalFinance/comments/dj8zbt/how_do_you_realistically_save_money_on_a_limited/ + +If you don't wish to read it, I basically suffer from "severe and enduring" mental health problems, Schizoprenia being my main diagnosis. Consequently, my life has been greatly affected - I also live on (very) limited funds after my paying my bills, buying food etc. + +As I live in mental health housing, I thought it would be a good idea to send each of my neighbours a card and buy a small box of chocolates each for the carers, they're very helpful. I also spent about £50 extra on gifts for my mother and grandparents, felt incredibly pressured to do this and all the ladies urged me to buy them something at least. + +I'm deeply upset in that, of the fifteen plus residents here, not one has given me a card (or even a thank you!) in return, the carers haven't given me one either and when my helper today took me to see my family, they more or less took their gifts and said they didn't have anything for me. + +When we returned home, a man who I hadn't seen before said he wanted my old television, he said he saw me getting a new one (it was actually second-hand) and I should give him it for free. Feeling quite annoyed by this, I said absolutely not, he went away complaining. + +At the moment, I feel very down, people just upset me, they seem to be users/selfish. I don't think they realise how difficult it was for me to save, get to the shops and buy gifts for them. I wish you all a very happy Christmas and New Year but, I'll be glad when it's all over. +https://pbs.twimg.com/media/DloRqfCW4AE6EZs.jpg:large + +Article: + +https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-with-these-awful-correction-calls-2018-08-28 +Just an FYI - from https://status.uk.barclays/ + +> Its the end of another years's summer time - so this Sunday, 25 October between 00:30 BST and 02:30 GMT, we need to put our clocks back. + +> While we do this, you won't be able to use our apps, Pingit, Cash Machines, Online or Telephone Banking. + +> Your cards will work but some payments may be declined. You won’t be able to transfer or withdraw money during the outage, so if you need money during this time please do this before the start. We'll add any payments into your account as soon as we're finished. +Hi! First time posting here...please correct me if this is the wrong subreddit! +I’m trying to learn how to budget and manage my finances. I make just under 2,000$ a month, and don’t have any expenses at all- I live at home and commute to work with my parents. I don’t pay for anything at home (sometimes I buy groceries) but in return clean the house, run errands, shovel the driveway, wash the car- etc. my parents are happy to have me back at home after college so they don’t charge me anything at all. I would like to start giving them money monthly though... + +I’m not sure what to do, because I’ve never budgeted in my life. +Even though I have no expenses, my monthly credit card bill is almost $2,000- I end up purchasing stupid things online, going out to eat with friends, etc. :( + +I was wondering- what should my budget look like? +Having no expenses is a double edged sword I think, because I feel like I can just spend that money... ( while I should be saving) +I feel overwhelmed, ashamed, and angry with myself.... I don’t know where to begin.. + +EDIT- some people have questioned about how I really do seem to have expenses, and I’m sorry about that! should’ve been more clear- i don’t have recurring monthly expenses, (that I can budget for) such as rent, utilities, student loans(paid off) etc. +most of my $$ goes to wants.. not needs 😣 I am very ashamed of that and afraid to talk about that to my family or peers. I occasionally have the medical bills, occasional have a bill for extra classes I take at community college (adult training classes) but nothing that is set in stone for the month.. +Source: https://www.cnbc.com/2021/06/28/cathie-woods-ark-invest-files-to-create-a-bitcoin-etf.html + +Cathie has been a very outspoken supporter of BTC and has been buying it through GBTC as she has not been able to hold it for tax purposes. I'm personally very interested to see how this etf is structured and what it's composed of. + +However, after the very disappointing reveal of ARKX, I'm a little concerned that ARK is just churning out etfs to reap management fees but hopefully this etf proves me wrong. +Source: https://www.cnbc.com/2021/06/28/cathie-woods-ark-invest-files-to-create-a-bitcoin-etf.html + +Cathie has been a very outspoken supporter of BTC and has been buying it through GBTC as she has not been able to hold it for tax purposes. I'm personally very interested to see how this etf is structured and what it's composed of. + +However, after the very disappointing reveal of ARKX, I'm a little concerned that ARK is just churning out etfs to reap management fees but hopefully this etf proves me wrong. +Microstrategy has purchased the equivalent of 28% of all Bitcoin created since their initial purchase in August 2020. + +This is insane. + +Literally, 3 other companies take a similar approach, and there will be no supply available outside corporate purchases. + +What happens when company #2 starts making these types of purchases publicly like Saylor? +I just had the most frustrating experience & I'm not sure if this is "normal". My electric utility sends bills out with a due date as the end of the month (Jan 31). I used online bill pay & had the check delivered a couple days early (Jan 29). Note - DELIVERED, not mailed, but delivered. + +I got a call from the utility today saying that I'm late with the check. When I explained that the check arrived on the 29th, they said, "Oh - it takes 5 business days for us to credit your account, I'll note that you are late but have paid." + +WTF? I asked, "If you wanted the check on the 26th, why do you put the due date as the 31st?" She said that's not her responsibility. + +Is this normal billing behavior from a utility (or any company)? + +ETA - after checking my acct and noting that every bill has been posted "late" I called them again & learned that if I do give them access to my checking acct (so they can deduct it automatically), they will deduct the money 15 days prior to the due date. Yeah ... no. I changed the contact number to NOT my cell phone. I'll just ignore their voicemails at home now. +Anyone else notice how it's been nearly a month since any "news" on GME has come out? There used to be a LOT more. + +&#x200B; + +https://preview.redd.it/0wbav66p1tv91.png?width=1406&format=png&auto=webp&s=21b7ecd87b4f5bdde3dd4578beaea52ddf764eb2 + +This sub is literally the only place where we can get any information, speculative or not. I just think its interesting how we went from seeing nearly daily articles about "Forgetting Gamestop" to zero, zip, zilch. Why is everyone so tight lipped all of a sudden? +I like this new trend of posting what we're doing even when we don't have a zero balance card or huge savings cushion yet! Here's my approach. In a year and a half I've paid off over $10,000 in credit card debt, with about $4,000 to go, and built up over $3,000 in savings so far. + +1. I moved from a flashy, expensive city, where I sank deep into debt trying to keep up with appearances and make professional connections. I now live in a fun but lower income city. People don't brush you off if you wear a pantsuit from Target here, and pretentious cocktail nights are few and far between. + +2. I consolidated my student loans because the rate was creeping upwards steadily despite my credit score actually improving. My monthly payments rose from $160/mo to $300/mo, but I will save thousands in interest and wipe a decade off the original loan terms. + +3. I consolidated my CC debt in two ways. First, I found a deal at my credit union for a one-year personal loan at 3% interest with no fees. I put $5,000 into one of those loans. The rest I moved onto a zero balance credit card I already had when they sent me a 3% transfer fee, 0% interest offer. I couldn't pay such an extraordinary sum off in just a year, but I made good progress and recently rolled the remaining balance to another existing card of mine with a 4% transfer fee at 0% interest for a year. I'll definitely be able to pay off the remaining $4,000 by then. + +4. My bank account structure looks like a warren. I have a primary credit union where I keep my spending checking account, an "oops" savings account linked to checking for if I go over my limit, a car maintenance savings account, a Christmas club, and a vacation/special event savings account. I auto-transfer into each savings account the day after I get paid. I don't throw much at these special accounts per pay, really, but it adds up over time, so I don't get anxious about needing a new tire or going into debt if my fiance and I want a nice evening together. + +5. My secondary credit union has a personal bill pay checking account, my emergency savings in a high interest savings account, and a high interest account where I deposit $10/week for my baby. These accounts are difficult to access easily - I didn't request a debit card. I set up auto-transfers and electronic bill pay from the checking account (as well as transfers to savings). It took planning to fund the account with enough at first to cover expenses while the first few pay transfers came in, and it took some math to find a good transfer amount so I can easily cover months with fewer pay periods. But now it's on autopilot and I don't have to worry about it! + +6. I also deposit into a joint bank account with my fiance for the bills we share. We contribute a percentage based on income. Our rent, utilities, and groceries all come out of that account. We roll any excess into a savings account for our future house. So what's left in my primary credit union checking account is entirely mine to spend! + +7. I have imaginary limits in each of my special savings accounts. For example, I cap my "oops" fund at $500. Every so often I transfer the balance above $500 to pay off more debt. I also throw tax refunds etc. half into emergency fund, half into debt. + +I know my approach looks complicated, and it is upfront, but it has been working well for me. Even when my fiance lost his job I was able to swing our budget on a dramatically reduced income. I like that I have options of where to withdraw when a larger emergency pops up: vacations? Oops? Also I don't touch my emergency fund anymore, or god forbid the account where I'm saving up for my kid. + +My progress has been slower than a lot of the success stories I see around on CNBC and the like. But in less than a year I'll be done with credit card debt entirely, and we'll be looking for a house instead. As a lazy person this system works for me. I check my accounts a few times a month, but I rarely have to do anything actively. My bills get paid, I make progress on debt and savings, and I have a bit left over for the occasional treat. +Carnival's revenue is down 71% since the pandemic. + +Royal Caribbean revenue is down 77% since the pandemic. + +Meanwhile, every other travel company is hot hot hot because there is a pent-up demand for traveling. + +Bookings Holdings revenue is down just 12% since the pandemic. + +Airbnb says their bookings are higher than pre-pandemic now. + +Disney land revenue is hitting records in many parks. + +So what's going on with cruise stocks? Why are they still so far off from the peak? Why hasn't the pent-up demand for travel applied to cruises? + +Also, the cruise companies borrowed so much money during the pandemic to stay alive. For example, Royal Caribbean went from $8.4b debt to $20b debt. Carnival went from $9.7B debt to $30b debt. I'm wondering if they're just one more Covid variant away from bankruptcy. +We can stop new people to be scamed by Bitcoin.com by sending their Bitcoin to this ( https://play.google.com/store/apps/details?id=com.bitcoin.mwallet ) fake wallet that give you Bitcoin Cash address as input. +Take 5 minutes from your time, install this app and give it a downvote. +https://play.google.com/store/apps/details?id=com.bitcoin.mwallet +My dad's company can shut down any day. He has worked there for 10 years as a software engineer. He won't tell me why his company might fall apart, and I'm not planning to ask because he's too stressed to care if I know or not. + +Some other information to consider: + +* My mom doesn't make a lot of money. I don't know her income nor my dad's because they find it disrespectful to share, but I do know that we always rely on my dad for financial stuff. Every time we go shopping my mom always has to use my dad's bank account and my dad always takes care of saving up and things like that. +* I have a 13 year old younger brother, and I'm scared there won't be enough money for him when he goes to college. I'm graduating high school in 2 years so I don't have anything to worry about but my brother has 5 more years ahead of him, and that's a lot of years to not save for college. +* We live in San Jose, and you guys should know how expensive it is to live here. For those of you who don't, the median for home costs is $1,083,000, and that's just home costs. +* I am going to college soon, and I live in the U.S. so college costs a bit here. My plan if this happens is to go to a community college in California and then apply to public universities in California that don't cost that much, since public universities in California put people who attended community college here first priority. That way, I can get a good education while saving loads of money. +* I don't have job experience. I don't work, however I do know some friends who do work. +* I look and sound like I'm 10. I'm scared this factor alone scares me because I don't know if this will affect my interviews and my chances of being hired +* My friend and I did start a document explaining what we should sell if we would ever open up a business. I live in walking distance to Eastridge mall so if I invest a bit I can try to see if I can open up somewhere. We're planning to use it as last resort if I don't find a job. +* I'm taking two AP classes and two other hard classes I signed up for next year. I don't know how well I'll be to balance that out if I do get a job. +* I was planning to do the essay portion of the SAT but now I'm not sure. It's $25 +* I draw and have a digital tablet. I can do art commissions if I really really need to. +* I lost my phone about a week ago. My dad tells me he'll buy another one since we signed up for free unlimited data from Sprint, but I don't know if we should. The school year is ending in a week and a half and that's barely any time to go searching for my phone. + +I need suggestions on what I can do to help. I need to know what to prioritize: my future, the bills, and my brother's future. Should I sell things? Should I go looking for a job? I was never exposed to finance, let alone the fact I'm in high school, stressed about finals and my GPA. Should I have a bank account? How much should I save? We don't touch economics until senior year, so I'm basically clueless on what to do. I know I can help, 16 is a good age to learn how to deal with the real world. I just don't know how. I need help; I never seen my dad this stressed out before. Thank you if you can provide me at least some support. + +&#x200B; + +Edit: I didn't think this much people would reply! Thank you so much for the support and advice. I got some information from my cousin since my uncle works at the same union as my dad and basically what's happening is the old boss retired, and the new boss is strict and doesn't do his job right. He once suspended someone who has worked longer than my dad because she explained the right way to do her job. Many people have quit and my dad's in a tight spot cause my uncle got in trouble for something, and there's a lot of projects they work together on. The both of them are planning to quit and find a new job elsewhere, but there's also a chance they could get fired. + +Again thank you guys for everything! I didn't think this much people would care about something like this!! +I plan to house hack where I live in a property for a few years, put in sweat equity, then rent out and buy the next to repeat. I have been paying extra toward principal to equal an extra payment a year. This will knock \~5 years off the loan. Should I be making the extra payment on principal or be putting that toward saving for the next down payment? Please note I am in my first home and the remodel/sweat equity is completed - I am just waiting for the right deal to make a move. + +The goal is hold them long and create a life where I have the option to live through cash flow. Just not sure if the benefit is greater to get out of paying more on interest or having more cash to throw at the next down payment / repairs? I don't plan to move onto the next until I have a $10K emergency fund per house. I have that now, just waiting for a deal that makes sense. + +Please share your thoughts. +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. + + +Disclaimer: Before I start, I want to be very clear. Just because this is my belief as to why the SEC and Justice Department haven't moved on said parties obviously illegal activities, DOES NOT MEAN I CONDONE THEM FOR DOING IT THIS WAY, IN FACT I CONDEMN IT STRONGLY!!! + +Now let's begin. We'll start off with the SEC's own wording as to what their objectives are. + +SAUCE: [SEC.gov | What We Do](https://www.sec.gov/about/what-we-do) + +The point we're interested in is protecting investors. + +BuT ShOULdn't tHEy aRrEST pEOple foR bREAking THE law? 100% but I'm getting to that. Be patient. + +Let's discuss the fall of Madoff first and how it's similar to SBF's fall and IMHO, it'll explain the logic for not arresting them yet, even though it's completely backwards logic. + +Regarding Madoff, he ran a massive Ponzi scheme that because he was so closely tied to the SEC (even wrote laws for them) they should've known what was going on, but never acted on it as things seemed to be going Madoff's way. Then the housing market imploded, and Madoff was arrested December 11th 2008 after he ran out of money due to the markets being on fire and openly admitting that he committed massive amounts of fraud and immediately plead guilty. + +Regarding, SBF, he ran a massive Ponzi scheme that because he was so closely tied to the federal government (even testified on making laws to regulate crypto) they should've known what was going on but didn't act on it because everything was going SBF's way. Then crypto winter came and SBF was arrested after FTX declared bankruptcy due to crypto markets being on fire and openly admitting that he committed massive amounts of fraud and immediately plead guilty. + +So they're almost copy paste of each other. What does that mean? + +So you know that whole thing that the SEC is supposed to protect investors? Well why didn't the SEC arrest Madoff in 06 and SBF in 2021? Because the former would've probably caused the 08 recession to become the 06 recession and the latter would've caused crypto winter to come a year earlier when the overall markets were much weaker. From a certain point of view, the SECs actions while saving investors who had money with Madoff and SBF could've ruined the markets for the country as a whole (FTX fallout hasn't fully happened yet but it's heavily implied that it'll be as bad) + +The logic of the DOJ and the SEC might be to protect as many investors as possible, even if some get screwed. + +So how come Ken Griffin, Doug Cifu, and countless others been arrested yet? To put it simply, they haven't run out of money yet. + +If it hasn't been made clear yet, I STRONGLY CONDEMN THIS BEHAVIOUR FROM OUR GOVERNMENTS. It's like not arresting a robber because he only robs accounts linked to bank accounts of countries that aren't allies of the United States. + + As the saying goes, we can stay stupid far longer than they can stay solvent. + +&#x200B; + +GO DRS +**The Golden Ratio** + +Some of you may not know about Fibonacci ratios but that's ok. I will not overcomplicate this post and you don't need to be a TA expert to understand it. + +Suffice to say, these ratios, particularly what's referred to as the golden ratio (1.618), aren't limited to TA, but ubiquitous in all nature and cosmos. + +Fans of The Da Vinci Code will remember Professor Langton explaining how mathematics and art collide via the 'golden ratio.' + +The golden ratio is sometimes called the "divine proportion," because of its frequency in the natural world. Space-time itself is defined by this mathematical constant. Naturally, we humans are somehow programmed to act in accordance with this ratio in everything we do. + +**Golden Ratio in Bitcoin** + +Bitcoin's price action right now is following the exact same pattern that it did in 2013 and 2017. Let's take a look. These charts are very easy to follow, + +[Bitcoin's first big run, new ATH and correction to 1.618 \(2011-2013\)](https://preview.redd.it/j2u8clq9jbc71.png?width=1558&format=png&auto=webp&s=74e56a0dc2336f070bfc13ef706b3bdf7b791167) + +[Exact same pattern \(December 2013 to July 2017\)](https://preview.redd.it/pk6k8lqljbc71.png?width=1558&format=png&auto=webp&s=82e53724ca3b512e7a51e5b984e4ac39ef9c08a4) + +[Unerringly rhythmical \(December 2017 to July 2021\)](https://preview.redd.it/9s8y9f3sjbc71.png?width=1559&format=png&auto=webp&s=e5f7482966ee5736b427ac45e3982ca3d5961263) + +When Steve Wozniak called Bitcoin a mathematical miracle, he wasn't kidding. Whatever makes the price action so unerringly rhythmical this way between halving cycles can be empirically analyzed by humans similar to the patterns in nature but never fully understood. + +It once again begs the question if Mathematics was invented or discovered. + +I was already super excited 3 years ago to observe whether the same pattern would play out again. To see it play out exactly the same way (so far) is nothing short of spine-chilling. + +You can check out the two pinned posts on my profile. + +In February 2018, when everyone was panicking, I pointed out that we would go back to 19k and beyond in the next cycle. + +Back then, I hadn't yet analyzed the price action this closely but I knew the quadrennial cycles. + +Then in December last year, I called for $100k before the end of 2021 which I still stand by. + +Just as my prediction in 2018, I understand that this may be too optimistic to imagine right at this moment. + +In my personal opinion, it's very likely that 29k turns out to be the bottom for this correction phase. + +But you should of course DYOR. +UPDATE: This is apparently legit. Parents called both the main company as well as their individual agent. Both confirmed this lady does business with the company and is actually one of their best adjusters. My parents also searched every review they could find about the lady in particular and no mentions of shady business. This really just seems to be a case of a boomer representative using outdated jargon, boomer parents not understanding the process entirely, and my own paranoia of getting scammed. + +The debit card thing is, like a few people said, just a relatively new practice. The agency just uses "push to debit" transfer of funds instead of cutting a paper check. The lady described it as "wiring money" to my parents which caused me to immediately think it was a typical "oops I sent you too much money by mistake, can you just send me the difference" or something along those lines. + +The in person meeting in a random location instead of a field office or the actual location of the totaled vehicle is again just boomers being boomers. This lady seems to be in her late 60's and says she doesn't like to drive far or at night. Why she's in this profession is another story entirely, but the meeting spot is halfway for both parties and the insurance company will just collect the vehicle at its leisure. + +The reluctance over providing basic info and wanting to cut out any other parties is again just miscommunication and pride. All the info she gave was confirmed by the agency no problem. I guess she didn't want to appear like she wasn't well versed with policy and practice. Whatever. + +As for signing the title over to her personally. Again, a miscommunication on her part. The title would be transferred to "x insurance company as per representative adjuster jane doe". Why she didn't just say that or explain in more detail, who the hell knows. + +I feel mostly relieved at this point. I still won't be totally satisfied until my parents have a check in hand that clears and a reciept from the insurance company. But I'm glad they at least took some steps to make sure everything was legit. END OF UPDATE + +_____________ + +Parents totaled their car 2 weeks ago. They have insurance. They called their agent, had it appraised, totalled, written off, all business as usual. I just happened to be in the room as they had a phone conversation with a private adjuster who I assume works with multiple firms, and what I heard set off every warning bell imaginable. + +First she seemed hesitant to give a simple number as to what the insurance was going to pay out. She eventually gave an initial claim and then gave another smaller number that I assume is what my parents can expect after regular fees. Then she was very interested/nervous about where the totaled car was being stored and kept mentioning storage fees. My brother works at a dealership and my parents initially had the car towed there hoping it was fixable and when they learned it was a wash, my brother just held it there no problem. So even after assuring this lady multiple times there would be no fees, it seemed like she was still very adamant/concerned. I guess it's possible the dealership would normally charge something and it would potentially be taken out of her/the insurance companies margins, but it really just seemed like another red flag to me. When my mom went to ask how they moved forward and when she send the title into the dealership/insurance company the lady FULL STOP said absolutely to not involve anyone but her. That's where I really felt like something was up. She (the adjuster) went on to say the company will give them the run around and it will take months to get the money etc. Then she says the easiest thing to do is to meet in person and sign the title over to her personally and then to bring a debit card and she'll wire them the money. I feel like my parents eyes lit up with dollar signs and ignored everything wrong with this whole situation. Am I being paranoid? To me the company would write the car off after being appraised and mail a check. Business as usual. Boring, like insurance should be. This lady just screams scammer to me and I'd hate to see my parents taken advantage of. The adjuster wants this all to go down in person in the parking lot of a random shopping center in two days. Any advice would be appreciated! Hopefully this is just standard practice nowadays and I'm wrong. +Few days ago some one was trolling by sending lots of popular users/celebs 0.1Eth from Tornado Cash. + +In response, quite a few dapps have blocked all these wallets that received funds from Tornado. + +Prominent defi apps like Uniswap, Aave, Balancer have already blocked these accounts. While the block is enforced on the front end, the immediate effect is that unless users are very tech savvy and can interact with smart contracts directly, they cant access these apps. + +One of the users Sassal0x who received funds from Tornado as the result of this trolling has reported that he has been blocked from Aave. + +[This is the message that he is getting on Aave](https://preview.redd.it/2r7gqdixdgh91.jpg?width=1722&format=pjpg&auto=webp&s=7afee06b05018568ff9b2779bf900a5ff71e91a0) + +These blocks are the result of the sanctions on Tornado Cash. Now a lot of people who themselves never interacted with Tornado, but were sent funds as part of a troll campaign have been blocked from even accessing various defi apps. + +So far the block is enforced on the front end so those blocked can access the dapps via alternate front ends, however it is not immediately clear if they could or would ban these addresses at the smart contract level. + +Edit: + +[Even Vitalik has been blocked..](https://preview.redd.it/r1f53y294hh91.jpg?width=1694&format=pjpg&auto=webp&s=a5b6d4029e4723a9105e052a269ab83d7ce44bd4) +So I got a credit card with 15 months no Intrest then 24.4 apr after that. I owe about $3000 on the card. Is it worth applying and getting another card for a balance transfer? + + +My 03 outback with 230k miles has to have a 1.5k$ repair on it. It’s not super urgent but I got maybe 1-2 months left on it. + +Here’s the breakdown: + +Household income: 109k. + +Debt: none. + +I make 55k a year my wife makes 54. + +30k in savings currently living with her dad (we just bought out her car lease cash for over 16 thousand dollars… should have closer to 50 but chose the no debt route.) + +The used car market is absolutely ridiculous right now. Anything below 10k is just a massive rip off with so many miles. + +All new cars are above MSRP. + +There are some deals going around me about car leases. Now, in a normal economy I’d say that’s the dumbest thing ever. But is it? + +1: I could get a car close or a little bit more then msrp if you factor in the buyout price at the end of the lease and payments. + +2: if I don’t want to keep the new car, at the end of the lease it’s done. So let’s say in 3 years and the market cools down, I can just give it back to the dealer then buy a cheap car. + +3: I don’t have to go into debt or wipe out my savings + +Is it really that dumb of an idea? + Both my sister and I inherited 350k, she wants to buy a house together and I would rather split our money and put my 175k in investments, which is a smarter idea for this economy? I'm only 23 and I know nothing about the market, how much do people normally even invest? As for the house, I just find it messy putting our money together in a house but if that's the smarter financial option then I would. +This is my first post, so I apologize if I did it wrong. Any advice would be greatly appreciated. + +We are currently saving for a wedding in the near future. I live my life debt free and and I am just now getting my wife on board living within our means. We are planning wiping out her student loan debt before we pay for our wedding. I believe by paying for our own wedding it will allow us to make decisions for the event that make us happy and not deal with the stress of people pressuring us to purchase things we don't want. That being said, my soon to be mother in-law has offered to gift us 10k for the event which is what we planned to budget, however she has a lot of debt. I am firmly against taking the money as it goes against my debt free beliefs but my fiance wants us to accept the gift so we do not seem rude. After briefly discussing the wedding budget, the mother in law wants us to spend more than the 10k that we had originally planned. I am also against this idea because I believe we can have the wedding that we want within our original budget, additionally, the excess spending makes me uncomfortable. I have explained this to my fiance however we are not the same page which is causing unnecessary stress. + +Would you take the money to make your fiance happy? Would you add your wedding budget to the gift to have a more expensive event? +It seems Sketchy as fuck to me, thay all of a sudden the subs are trying incredibly hard to attract new Apes to the fold, and then they're all commenting and receiving an incredibly high number of awards. + +I maybe wrong, but that looks to me like an attempt to work together, and could be the hedgie fucks or shills trying to fuck us again. + +I'd love to know your thoughts. +I'm relatively new to crypto and I fully admit to have been swept by the XRP pump-and-dump hype that happened recently. In case you happened to miss it, the short version--that I gather is not an uncommon scam--was that rumors of this telegram investor group that planned on pumping and very specifically not selling XRP to keep its value rising. People were told the pump was going to happen on Monday, at 8:30am. + +I bought into the hype -- having missed out on GME and Dogecoin I was in a really "I want to get into investing" mood and was *certain* that this was gonna be it. Everywhere I looked about this was filled with memes about going to the moon with it and really positive talk, and everywhere that was *not* filled with memes had almost no discussion on it. Which honestly makes me realize is part of the issue; the only places I heard about this in where also places where you were made to feel crazy for not buying into the hype. It was a really bad feedback loop. + +Fortunately I stumbled upon a few discussions on this subreddit about it and it helped me take a step back and think about the logistics of it. I thought about it a lot and looking outside of my bubble really helped me realize how I wasn't investing, I was positively gambling. I had no idea about XRP as a technology and was buying it solely as a quick get rich scheme which was a terrible idea. The many stories people had here about how pump-and-dump schemes worked to prey on overly excited newbies helped me realize that I *was* the overly excited newbie and I wasn't a weird exception, I was just being driven by FOMO and hype. + +I had bought in when it was at .4, and last night when I was up late reading this subreddit and realizing I had screwed up it was going up by a lot, at .67. I set up a stop limit at .65 and went to bed, woke up realizing how close I had come to losing a lot of money. + +Now to be clear, I did do some reading and I think that XRP could be an interesting coin to invest in. But not the way I did it and not for the reasons I did it. I want to say I dodged a bullet, but instead it’s more accurate to say you guys pushed me out of the way when the bullet was on its way to me. I really appreciate that. In the future, I’m going to invest in crypto when I legitimately believe there is a long term possibility of growth based on the technology and opportunities instead of trying to ride the wave. I learned an invaluable lesson and can’t thank you guys enough for it. +Hi Traders! + +We know a lot of you are proud of your setups and it's a fun topic for many of you; so we want to consolidate them all into one **official monthly post**! This helps keep the sub clean and mainly focused on the discussions and learning this sub is meant for :) + +As rule 3 states please no joke posts - only submit your real setups. + +We can't wait to see your trading rigs! +They're actually super scared it's another 2018, even though this happens like once a week and they still haven't learned. + +The rest of us just don't say anything, or do anything, and keep holding. Dips come and go all the time. Really no need to tell everyone that you're buying it, or this is the last chance to board the rocket. + +Sick of reading those threads. We all know you're terrified, probably because you FOMO'd the top and you're trying to rationalize with your decision. + +Just saiyan. +So I divorced about 10 years ago, he kept the home and from what I remember he was supposed to remove my name from the title after that. We’ve remained amicable and I never worried about it. Fast forward to about two years ago when he didn’t change his mortgage draft info when a new company bought his mortgage out and he got behind. I found out because I was served about it. He was able to negotiate adding the missed payments to the end of the mortgage. +My name is still on the Deed? Mortgage? +I’ve always thought it was sweet that he doesn’t really want to remove my name (he’s also a little slack with details) and I think he expects that if he dies, it’ll go back to me. We are 55/60 and not remarried. +Is there something I need to worry about on this? + +*** UPDATE +I looked at the public records and I am still listed after the event of being served and he renegotiated terms. So, I guess I own a house. I don’t mind and want to help him keep the home. It’s my kid’s home after all. I don’t mind being on the hook of it. I moved into my parents home after the divorce and I don’t have any other home/mortgage. I guess I need an attorney. My first thought is taking out life insurance on him so that the debt is covered if he were to die. +Insurance Cost. + +Health, home, auto, it doesn't matter. + +Wealthy people can "self-insure." I got a bonus from work and decided to hold it in an emergency fund. I came to realize that it would allow me to cover a higher deductible on my insurance coverage. + +Increasing my deductible to the highest amounts reduced my premiums by thousands. Reducing this outflow of an expense increases my wealth. + +Because I choose a high deductible plan, I can put money in an HSA, which is essentially my own wealth. + +I know not everyone can do these things for various reasons. I only recently was able to do something like this, and it was pretty eye opening. I just thought it was a good example of "It's expensive being poor." +First post on here. Please tell me if I'm breaking any rules, and thank you all for all the awesome help you give people every day! + +So yesterday I received a notice from my bank saying that the North Carolina Department of Revenue had garnished my bank account for more than a few thousand dollars. + +I just got off the phone with the Department of Revenue, and they said it was for back taxes for 2010. The only problem is that I don't live in NC, and haven't since 2008. Their files correctly have me leaving the state then, but then they say I moved back in '10. I'll be sending them copies of my California returns to prove that I wasn't in NC for that year, and am reasonably confident that this will be resolved, though if any of you know of anything more I should do on that front, I'm more than happy to hear. I gave them my correct address and will be sending over returns for all years between 2010 and now as well in order to, hopefully, avoid this happening again. + +Here are my real questions: + +1) I am enrolled in a credit monitoring program (Experian's Protect My ID) and have no addresses on my credit report other than the ones where I have lived. Notably absent from my report is the random address in NC (in a different part of the state from where I actually lived until '08) that the state thought I lived at. I am concerned that the Department of Revenue's incorrect address for me is a sign of more worrying identity issues. Is there any reason to be concerned, and what steps can/should I take if so to protect myself? + +2) The amount that they say I owe is ludicrously high. Like, 25% of my Federal AGI on near poverty-level income, and an order of magnitude more than my actual California tax burden. The guy I spoke to on the phone said that they got my information from my federal returns and filed a state return on my behalf when I failed to file, and that's where the amount due came from. Plus, presumably, five years worth of late fees. Is that 10X discrepancy reasonable? + +3) My bank charged me $125 to process the garnishment. Even if I convince NC that I don't owe them anything, what are my odds of getting that fee back, and what can I do to help my chances? + +Thank you all for your help! + +EDIT: UPDATE! Just got off a long phone call with NC's tax office. It looks like they believed I was still in NC because my bank never updated the address on one of my accounts to my out-of-state address from my parents' in NC. Then a transcription error at the DMV when I had renewed my driver's license in college gave them the wrong mailing address for me (They got the street name and number correct, but relocated it from my college in CT to some random town in NC which happens to have the same street name/number combination). + +So once I send them in my old CA tax returns to prove I was not a resident in those years then my tax liability should be zero and they should release the garnish on my bank account. The discrepancy between a reasonable tax rate and what they were charging me was caused by them (unsurprisingly) filling out my return in the least advantageous way possible. I went through the whole thing with them and there is no income on there that shouldn't be. So nobody in random town in NC claiming their income under my SSN, just a series of unfortunate bureaucratic screw ups. + +EDIT 2: The bank is refunding the processing fee! +DXsale has just released their launchpad today allowing anyone who wants to create a coin on BSC the possibility to do so. + +The unique part about their launchpad is that IT IS RUG PROOF, THERE IS NO WAY FOR THE CREATOR TO RUGPULL. + +POLYGON/MATIC PLATFORM RELEASE ON THE 28TH!!!!!! + +Working product and roadmap https://dxsale.network/ + +Partnerships with Matic/Polygon, Zil and Binance https://mobile.twitter.com/0xPolygon/status/1361711039428005894 + +DXSALE is going to have the ability to launch tokens directly from it in a system that's incredibly easy for both developers and investors. Coming up in the roadmap is a farming and an NFT mechanism. It won’t only be used on the ETH chain either, it’s built blockchain agnostic. It’s going to be used across multiple chains, they already have partnerships with ZIL, Matic/Polygon and now Binance as well. At 1$ we will be at 25m market cap. + +What is dx sale network? https://hash-dxsale.medium.com/what-is-dxsale-network-81da32bcddc6 + +You can already stake, launch through defi, but the most interesting thing they are doing is making projects launched through them rug-proof. + +The launches will be governed by the token, and funding will be released as decided through the platform governance. This is going to allow token holders protection from rugs and stakeholders to have a say before the team gets funding or more funding. + +Create token sales easily and be listed instantly on the platform. Governed through $SALE to receive continued funding or refund remaining funds back to investors based on performance. Tokens & part of revenue provided to stakers on the DxStake platform. Tools for angel investors to make correct decisions when investing in a project. + +https://www.coingecko.com/en/coins/dxsale-network + +https://www.publish0x.com/defi-is-good-but-beware-of-the-scams/dxlaunch-by-dxsale-is-the-anti-rug-pull-launchpad-that-will-xzwwlnm +Let's say I can buy 100 shares of x stock for relatively cheap. Would there be any downside to selling short term calls with a high premium? Sorry for the newb question + +Edit: thanks for everyone’s input will definitely stay away from meme stocks +Last night on multiple brokers there was a weird number fluctuation that I’m sure everyone here is tracking by now. Why does this matter to us now if it was just a bug or glitch? Hold on to your hairy ape asses cause its about to get juicy. + +The number in question is 634Million first spotted and reported on TOS @ the price points of 181.75 and 182.02 (different brokers showed different numbers which in itself was weird). This number is ALMOST EXACTLY 9x the original outstanding float (give or take). Regardless we know its not a buy or sell order, and more likely a bug that reported outstanding shares. Keep this in mind. + +Now, a few weeks ago we had a fellow ape that did some disgustingly good DD and made a hypothesis that the actual short% now could be well in the 900% range with the actual stock and addition of ETF consideration. I don’t have the username or link anymore, but if you’re reading this then I am sure you know the instance I am speaking about. Anyway, even though it was good DD it was still just a hypothesis since none of us truly know the short% except for those doing the shorting. So, I just keep it in the back of my brain and index it just in case it could be true, like I do with all well written DD. + +So… hypothetically we are looking at a 900% range and then last night this random 9x float number pops up and my brain goes fucking wild because how could these 2 not be connected? Why this number? + +Next: During the first attempt at squeezing it started in the mid $40 range and rose to well over $400. At this point RH and other brokers cucked us and canceled (or so they thought) our trip to Mars. Market experts said after the fact that had buying not be halted the share price would be well into the thousands. Thousands… so lets do this math I spoke of real quick. Not know if it’s the high end or low end of “thousands” we will take $5000 as the number because its neutral and fairly in the middle. + +Starting at $50 (just rounded up $2 for the sake of easier math and ending at a possible $5000 with an (at the time) short% of just over %100. + +That would be a 10000% gain. + +\- 10,000% × $50 = + +**(- 10,000 ÷ 100) × 50 =** + +**(- 10,000 × 50) ÷ 100 =** + +**- 500,000 ÷ 100 =** + +**- $5,000** + +Now lets fast forward to last night and the future with our numbers now. + +The current price is at or fluctuating from $150-$250 this past week. For this instance lets use the lowest number so we can be conservative a little bit and not get our bananas rustled up too much. + +$150 and then applying the same math would give a Projected $15,000 PER SHARE. + +But wait…there’s more… + +That is all being calculated with 100% short interest… YIKES + +So we multiply by 9x now to work with the hypothetical 900% short and the 9x float number we saw last night. + +– THE TOTAL PRICE PER SHARE if the squeeze started at 900% short with a starting price of $150 per share. + +$135,000.00 PER SHARE + +This, my ape friends is.. MY PERSONAL, VASTLY CONSERVATIVE (based on low/neutral numbers with what info we have), MINIMUM TRADING FLOOR. + +See ya’ll on Mars <3 + +ApeStrongTogether +Hello personalfinance, I was told to post here from my granddaughter. + +I've read the "I have $X, what should I do with it?" and most of it does not apply to me. I don't have my whole life to save for retirement, and I don't need to! I'm already retired. + +Recently I was left 400,000$ (after taxes). Being 75 years old, I get a VA check (from the military) and my social security check. This gives me about 30,000$ a year to live off of, which I do ok with. Things could be a bit more comfortable! Drawing interest every month would be attractive. + +A few things about myself. I used to own a business and I was pretty well off until 2008 and my wife passed. I've managed money before, just not of this size. I'm a great spender and I always look for deals. I know a little bit about investments, bonds, stocks, and the like. (I stopped doing it so much when I lost money in Enron.) + +I do have an emergency fund setup already, and a well running vehicle. I live in a house that is nearly paid off entirely. I have no debts. All of my taxes are in order with the IRS. + +I'm in pretty decent health, and I'm not a big spender. I know not to give money away, and no one but my granddaughter and daughter know about it. + +I plan on living to be at least 85, and I've got a lot of zest left for life, and I can work! Since I have most of the basics down, I'm not sure what to do with the money to make it work for me, and my grandchildren in the future! I'd like to leave them a healthy amount one day, but I am not sure where to go from here. I can live fine off the money I already have as income, so I do not need to spend this! + +So, vicariously speaking - if you were me, and had 400,000$ at my age, what would you do to multiply this money as quickly (and safely, but I don't mind a bit of risk, and I definitely don't mind getting to work!) as possible in < 10 years? Would you buy real estate and fix houses? Would you buy land? Would you invest in stocks? I'm curious and would love to hear the opinions of personalfinance on my uncommon issue! +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 +So I'm technically a sophomore but I'm at 73 credits so I'm set to graduate relatively soon. So far, I've made it without any loans. I have a scholarship that covers all of my tuition and fees as well as books, but it doesn't include housing, food, etc. + +I'm working part-time and I just got hired at another part-time place as well. I'm doing okay but, as of right now, I have 50 dollars in my savings, 80 in my checking, and around 400 in debt on my credit card. The point is: I'm struggling. I just got the alert that my university offered my around 2,500 in a federal subsidized loan and it's tempting, but I'm not sure if it's worth it to accrue the debt, or if I should just continue to try and stay afloat. + +I've thought about other scholarships, but I'm not really eligible for financial aid or need-based scholarships as my parents make decent money, but I don't see much support from them. Thoughts? I'm just terrified of being sunk in debt this early when I know I'll be pursuing graduate school as well. +Receiving £45k in one transaction from a company abroad and am being questioned for proof of source/invoice and whether I'll be receiving large sums again in the future. Provided all the proof which is fine, but they can't give me any indication of future hold-ups. I really cba for this to happen again (Starling bank) + +Looking for business banking recommendations that won't question this type of incoming transaction and have higher thresholds. Did some googling for the best business banks for large transactions but nothing solid comes up. + +If anyone has received similar size sums to your business banking and it hasn't been held up, please let me know which bank, thinking to switch to something more premium. +\*\*\*DECISION MADE, THANKS ALL!\*\*\* + +Hello, + +This is very small beer compared to what most post about on here (and apologies for that), but I don't want to do the wrong thing and waste money. I've never had to remortgage before as my where I was seemed best, so this is slightly alien to me. + +Got about 12 years left of my 25, but I overpay to the point that at the current interest rate it'll be done in exactly 3, but obviously as the rate goes up my overpayment will have less impact, lengthening how long I'll be repaying. + +\- Amount remaining is about £24k with Barclays + +\- Official payment is £446 a month (1.95%) + +\- I pay £670 a month (currently £224 overpayment) + +\- I can move to First Direct and fix at £707 for the three years (3.34%) + +I can afford £37 more a month, but is it the right thing to do, do you think? Just don't want to throw money away, even if it's not that much. + +Thanks all - and apologies for the minimal nature of this. Hope it's ok. +Posted this over in /r/personalfinance and it was suggested I post here also. + +My 11 yr old son is obsessed with learning about investing. He is saving literally every penny he finds so he can start putting his money in stocks. Here is my problem. I have no clue how to teach him about investing. I have my retirement savings in one of those target year funds because I am financially illiterate. Sad but true. + +He has $300 saved so far and from what I've read he needs $1000 to open a brokerage account. More specifically I think I'm supposed to open it in my name for him. ? Oh my gosh. I sound so stupid. I really wish someone would have taught me about this topic early in my life. + +Where would you start with teaching an 11 yr old how to invest? What kind of account would you open for him? Any other advice is greatly appreciated as well. Thanks! +Governments should not be getting any net revenue from the emergence of cryptocurrency technology. If they don't start giving out credits soon, imo they must refund any capital gains paid by crypto investors to date. +(I also posted this on r/askuk) + +Please be patient with me, I feel a bit thick about this, but I've been working in the UK for over 10 years and I still don't fully understand what National Insurance is for. + +Today, I managed to log-on to the government website to check what national insurance I have paid in my working life, I thought this would clear things up. It says I have '7 years of full contributions' and '4 years when you did not contribute enough'. How does this information impact me? + +From what I can gather, national insurance has a something to do with pensions. So could someone explain, lets imagine person A, Bobby, is reaching pension age this year with '40 years of full contributions, meanwhile, person B, Eric, is reaching pension age this year with only '5 years of full contributions', can anyone give a ballpark figure of how their basic state pensions might be different? + +On the government website I am advised that I can make some voluntary payments to make up for some of the years when I did not pay enough, and so I will get a higher number of 'years of full contributions'. Is that something which is quite important to do? + +Thanks in advance. +Had a flight cancelled over easter and received the future travel voucher a couple weeks ago (Now know I should have just got a refund). I want to use the voucher to book a replacement flight in December before prices skyrocket (obviously a prediction but cant see how they wont). The online booking page has the starting numbers of the voucher prefilled which dont match my code. Even if I do use my number it doesnt recognise it. I tried calling the customer service but I'm pretty sure it's just a recorded message with noone there as no matter what time of day it says it's not available and then kicks me off. Feel like BA are being sly here and giving out vouchers but not letting you book flights with them. +Those posts lower the level of discourse in this community. There are a lot of very interesting things to discuss, but that gets drowned out by the repetitive noise. It also encourages people not to do the most basic research for themselves. + +Furthermore, helping them is likely to be futile anyways. When you give people fish, rather than helping them fish themselves, in this context, they do not know why they are doing things. They are thus unlikely to stick with what they are doing, because they don't know why they are doing it in the first place. +Hi everyone, + +Let’s start with this very very interesting tweet tread that basically ties the RRP (reverse repo) to the change from Libor to SOFR. After the funny meme summarize. + +**To meme summarize:** + +Central banks and SHF: And we took these BONDS that are backed by LOANS that are backed by HOMES and use them as backing for NEW LOANS to make NEW BONDS and then repeat, what can possibly go wrong? + +Everybody else: So how does that exactly benefits us? 0. + +————— + +**RRP TIES WITH LIBOR TO SOFR** + +Let’s start learning. + +The changes from LIBOR to SOFR has been one of my biggest catalyst from when THE CHAOS THEORY was created and the crazy melon guide to the moon (months ago). + +Please read this tweet before continuing reading. + +https://twitter.com/thelastbearsta1/status/1471925082532499465?s=21 +🌟🌟🌟 value info dont skip + +This tweet provides clear information on how central banks and Libor manipulators are using the RRP to get “good” short term collateral, at the same time that causes a manipulation on the 3mo/ 1yr/ 2yr/ 3yr UST yields. + +The FED and banks are twisting the yield curves. Might be the new way to manipulate SOFR since the new interest rates are calculated with those yields and not self calculated. + +In my honest opinion, they been using RRP to prepare for what’s coming, this is so dangerous and the minimum error can cause a massive collapse of the entire system. + +————————- + +**Why is this a big deal?** + +THIS IS THE MOTHER OF ALL BAGS OF SHIT. We are talking about amounts bigger than the economy itself. + +A massive portion of the derivatives market (it’s on the quadrillions now), is attached and linked to all the banks loans, tons of bets and debt with leverage that is basically bigger than economy itself, so, AFFECTS EVERYONE in this earth directly or indirectly, the magnitude need to be understood. + +Check for yourself, this is the list of bag holder and how much shit: + +https://imgur.com/a/CEETnne (so many trillions!) 🌟🌟 + +Just JP Morgan itself is sitting on over 53 TRILLION! + +https://i.imgur.com/AuR8SOB.jpg + +Notice that Goldman is also leverage 200:1 that’s insane! + +Photo of world assets as reference: + +https://imgur.com/gallery/vv33GAA (this is from 2019 and it was already that big). 🌟🌟 + +As a reference for magnitude: + +1 million seconds is 0.0317 years +1 billion seconds is 31.17 years +1 trillion seconds is 31,709 years + +This changes were going to be in effect at the end of 2019 but on September 17 almost crashed the market, then moved the date due to Covid to June 2021 and delayed again to 31 of December. + +“conveniently” Covid came to play (not saying that’s the reason why Covid exist) but definitely used as a scapegoat to delay those changes to mid 2021 then 31 of December. + +This time to December 31, 2021. + +Yes! The day in which everyone is gonna be so focused in the New Year’s Eve and the fireworks and everything, and not be looking into this. + +Let me refresh you how big the change from LIBOR to SOFR is copied from the DD above that is months old. + +———————————— + +**LIBOR to SOFR** + +READ THE CHAOS THEORY DD](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) to have the proper DD about this. (recommend the whole saga!!) + +Changes from Libor to SOFR were meant to happen in 2022, but guess what? + +They pushed to June 2021!!! + +Update: the DD was written before June and I was so excited just to find out, was pushed again to December 31 TOMORROW! + +Original schedule changes here + +[https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab\_2](https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab_2) + +**This is massive!! Why?** + +Banks used LIBOR to manipulate their self created and self reported interest rates in order to be favorable and give away (lending) money left right and center. Where did tons of that money go? To HEDGEFUNDS, management and so on! The fat bonuses and feels to me like the perfect way to money launder (this is speculation of my side, educated one tho). + +They borrowed money from banks for almost no interest rates no matter how the economy and inflation was. + +Update of the DD: They kept on printing, to the point the inflation is 6.8% and everything it’s going up and up! during an unprecedented pandemic!!! For what? SHORTING and INCREASE THE WEATH GAP. + +But that’s not all, check the real inflation using the original non manipulated formula. + +https://twitter.com/friendlymelonc1/status/1469955006040186881?s=21 +🌟🌟🌟🌟dont skip + +They need to increase the interest rates since is one of the main tools to control inflation, also need to stop printing and instead recall money itself since the increase money supply is diluting the value and buying power of it. + +But they can’t do that, the market itself is so high on the injection of money that by stopping that will actually collapse the entire economy, that’s how fucked things are right now. + +https://twitter.com/friendlymelonc1/status/1476236795922710533?s=21 +🌟🌟🌟🌟 dont skip + +Even a ex member of the FED board that had to deal with this similar problem leading to a recession in 1970s has been warning about it, bernanke did this intentionally in 2010 against all warnings to basically steal from everyone and funnel all the value and money to the banks and the rich, Powell continued doing so on an even bigger scale. + +Both of them are the biggest thief’s in history. + +**Wtf??** + +Now you wonder why during a pandemic the whole market was “healthy” and up and growing right?? Inflating business with naked shares and more… + +The SP 500 it’s been touching record highs over and over, that is not normal, and the economy it’s not “fine”, it’s been artificially pumped by the huge amount of printing! + +You know where that money is going, central banks, MMs, SHF and upper management of business to pay themselves fat bonuses. + +**So what all this changes mean?** + +With Libor banks set interest rates themselves for their loans to business, institutions, people or the government) according to how the economy is, “using” indicators like inflation among others. [Read about it here.](https://www.investopedia.com/terms/l/libor.asp#:~:text=LIBOR%20is%20administered%20by%20the,data%2Ddriven%2C%20layered%20method) + +The banks have been manipulating this FOR A LONG TIME. Especially after 2008. + +I guess they wanted to recoup their loses and because being HOLDINGS now, they wanted to be bigger and bigger. + +CHECK ON MELONS DD on what Holdings means, and how fractional banking works (huge massive scam all interconnected and networked). + +**BOOM! The greed** + +They got too greedy.... :( Even during the pandemic they gave away loans at very low and favorable rates, it was more than obvious that the economy wasn't right... they needed to raise the rates! + +They didn't!! + +With the money they been also purchasing tons of real estate, TONS! And they still don’t want to slow down, no tapper yet! Insane! + +Now they are full of this bad bad loans with subpremiun and adjustable rates, but everything was ok as long as they kept on showing those fake interest rates right? + +SOFR arrives!! + +SOFR was almost implemented on 2019 and almost caused a massive crisis!! **BUBBLE ALERT!** + +why? + +**Lets find out what SOFR means** + +[What is SOFR?](https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954) + +https://www.jdsupra.com/legalnews/libor-transition-to-sofr-a-brief-9557503/ + +The secured overnight financing rate, or SOFR, is an influential interest rate that banks use to price U.S. dollar-denominated [derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp) and loans. The daily secured overnight financing rate (SOFR) is based on transactions in the [Treasury](https://www.investopedia.com/articles/investing/073113/introduction-treasury-securities.asp) repurchase market, where investors offer banks overnight loans backed by their bond assets. + +So the interest rates are not going to be self reported by the banks, but instead the government is going to provide those rates to the banks based on the repo market. + +They believe is a better option than letting the banks manipulate the rates for their advantage. + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +FROM THE **CHAOS THEORY:** + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +[Definition](https://www.investopedia.com/terms/t/treasurybond.asp) + +brilliant ape make the [**CHAOS THEORY**](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) and explains a lot of what im saying here. **A MUST READ** + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +I'll let the rest to the CHAOS THEORY, very well explained. + +This DD also has tons of information and been telling us for a long time, apes can get more awareness here. + +https://www.reddit.com/r/GME/comments/n2hjnk/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +——— + +TDLR: 🌟🌟🌟🌟🌟 + +- It is better to read the whole thing to get the picture. + +- Central banks and large banks have been manipulating interest rates on LOANS (affects all loans directly or indirectly) trough LIBOR, this made up rates have been self reported and self regulated by central banks. + +- There are indicators that the RRP is the way they been preparing to this change, RRP been used to manipulate the UST yield curves that is gonna be used to calculate interest rates. + +- Inflation numbers are fake and using the original I corrupted formula is ~15% now + +- The markets are kept afloat by the FED printing and directing that money for the banks, wealthy and rich. Creating asset bubbles in every industry. + +- Bernanke and Powell are the biggest thief’s in history of humanity. (Based of monetary decisions that affect everyone’s value). + +- This is unsustainable and if they stop printing, increase interest rates or tapper will bring the economy down and to a recession, it’s been warned since 2010 and they didn’t care, instead they started to steal harder. + +- Central banks greedy fucks are overleveraged to tits! + +This abuse has created the MOTHER OF ALL BUBBLES. + +This bag of shit is as big as the economy itself and affects every person in this planet. + +No new loans on LIBOR past 31st of December 2021 + +This will out a massive stress and pressure on the banks books, especially the ones with massive amounts of loans and this bag of shit. See image bellow, (JP Morgan is sitting on over 53 TRILLION or exposure while Goldman is leveraged over 100:1, check yourself in the documents attached). + +For new and old apes, be aware, a lot of things are coming and the market is standing in a fine edge. + +Buckle up!! This is gonna be a bumpy ride! + +Can’t stop, won’t stop. GameStop now! + +Buy, Hold and DRS! That’s what I’m doing. + +**THIS IS FOR SURVIVAL. Why?** + +Everyone is being priced out from buying houses, no housing no stability, can’t afford having kids. No kids means countries that have already a massive exponential gap of size (China and India) will grow exponentially bigger than any other countries/races. + +**In the mid/long term will cause EXTINCTION OF ENTIRE RACES.** + +This post is EDUCATIONAL ONLY, shouldn’t be take as financial advice, if you require financial advice please visit a qualified professional for it as this is nowhere near financial advice, please do your own research and make your own conclusions based on your learning. + +🍉 out + +🚀🚀🚀🚀🚀 + +Extra posts that might interest: + +https://www.reddit.com/r/Superstonk/comments/r3k6ok/libor_sofr_onrrp_and_why_it_may_be_a_bigger/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf +🌟🌟 +The derivatives on this market is astronomical, the biggest banks are sitting in trillions and trillions of those massive leveraged loans calculated with Libor interest rates, that’s about to vary when SOFR takes affect and will put a lot of pressure and stress on their books. I think fireworks mixed with other catalysts. + +Edit: added 🌟🌟🌟to point out important gold quality material and information. +Apparently it’s happening. $20k if you had pell grants, otherwise $10k, if your income is under $125k. I had a limit order to buy some more BTC at $20k, but just went ahead and bought some at market price. Was that smart? Who knows. We’ll see. Lol. +>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 +I don’t know if you guys have done any research on TeamCoin yet but it’s got insane potential. Here’s what I know: + +1. The team is really strong. It’s led by Teamguy who we all know and love from his previous work at NeverLaunched and NoLongerExists. He’s brought in CoderGuy who we can all pretend we’ve heard of and who worked on GrinchCoin (which I’m sure you’ll all remember stole Christmas a couple years ago!!!). + +2. The whitepaper is incredible. It’s actually just white paper…with nothing on it!!! Imagine having an idea so big you couldn’t express it in words!!!! + +3. The market cap is super low on this one. Suuuuuuuppperr low. This one’s gonna move like Etherium if you locked it in a car with a rattlesnake that’s been injected with methamphetamines. The sky is the limit here. + +4. Trust me, I just learned how to mark-up stock charts with lines and stuff and there’s definitely signs of a double golden cross doing a triple axel into a Bob Evans any day now. + +5. The Project is based out of Tajikistan and is currently building relationships in New York, London and HK. Tajikistan is incredibly crypto-friendly so we shouldn’t expect regulation any time soon!! Also, most fortune 500 companies have been looking for Tajiki blockchain partners (I know this because my cousin works in finance and I also finance a lot!!) + +6. Their head of marketing is a Nigerian Prince! An actual Nigerian prince. Mind blown, right? + +7. The legal teams from Google, IBM. Microsoft and my ex-girlfriend’s parents have already reached out to these guys…for partnerships!!! + +8. Screw Lambo’s to the moon. I’m taking a DeLorean to Uranus! + +It’s just money guys, take a breath. + + +Not every fucking stock that you like has a potential for a squeeze. I’ll repeat, not every stock has a potential for a squeeze! + +90% of people joined this sub with very little to none investing experience in 2020-21 when GME squeeze was happening, and now people think that achieving a short squeeze is an easy thing. Well, it simply isn’t, and any stock that gets a DD here which includes “well citadel is short and the float is 40%” might as well be thrown out of the window. + +Invest in ideas which explain why the company might be intrinsically valuable. Is it a good business, is it cash flowing, is it growing revenues organically, is there a lot of dilution, how strong is the balance sheet, what unique problems is the business solving? These are the questions that every investor should be asking, no matter if they are a growth or value investors. + +Stop trying to become the next DFV - this was a very rare opportunity on which he capitalized - very good for him but it most likely won’t happen again in the near term future. + +There is a reason why WSB was a very good predictor of good plays prior to the meme mania, and why it is not anymore. There are no original ideas popping up, everyone is recycling the same bullshit DD built up in nothing more than “hey this company is partnering with this company”, “hey shitadel and mevlin are short this, let’s fuck them one more time”, “look at the **pattern**, it has to go up”. + +If you don’t think that funds adjusted their risk models to account for potential short squeezes and hedge accordingly, you should not be in the capital markets, especially trying to go toe to toe with the big boys who got their PhDs from Ivy leagues. +https://www.cnbc.com/2021/10/04/ken-griffins-citadel-flagship-hedge-fund-returns-8percent-in-september-during-market-sell-off.html + +There is a reason why in the past half a year majority of people here lost money, the same strategy that worked once might not work again - the ability to constantly adapt and create unique opportunities based on research you do yourself is what makes you rich, not ganging up on a stock that is shorted and trying to pump it. + +I frankly just want to help out new investors who are still passionate in the markets - I’ve been here since 2017, and back then people would have original perspectives based on proprietary research and unique strategies, not the same strategy recycled 1000 times. +I don't really understand economics. However, I am a big fan of the YouTube channel [Economics Explained](https://www.youtube.com/channel/UCZ4AMrDcNrfy3X6nsU8-rPg). In his video [Australians are the Richest People in the World?](https://www.youtube.com/watch?v=INQQdY0SzW4&list=PLh6oq2EbSNEd8wPXDYSIILG8NrqPg7U-f), he claims that compulsory superannuation contribution is very wise piece of economic legislation. However, I still don't understand how it works, despite his attempts to explain it. + +On the other hand, [The Sensible Centre](https://twitter.com/Progressive_Con/) is against compulsory superannuation contributions, both in the short term and the long term: + +&#x200B; + +[ https:\/\/twitter.com\/Progressive\_Con\/status\/1241561917799329793?s=20 ](https://preview.redd.it/6glbr9ouh7o41.png?width=589&format=png&auto=webp&s=fc3497a86032135c7a07dd64d692e6e780232ea6) + +&#x200B; + +[ https:\/\/twitter.com\/Progressive\_Con\/status\/1239723408566267904?s=20 ](https://preview.redd.it/mvxcsa3ki7o41.png?width=589&format=png&auto=webp&s=2c807e8d9ee497f46c56588a3725d88b2381a184) + +&#x200B; + +[ https:\/\/twitter.com\/VOTINGindepend\/status\/1239477103713636352?s=20 and https:\/\/twitter.com\/Progressive\_Con\/status\/1239480942604873731?s=20 ](https://preview.redd.it/dca79b1wi7o41.png?width=529&format=png&auto=webp&s=ff537a352e645c17d7eb5447d28f9376921b4cb0) + +Here are my questions: + +* Are compulsory superannuation contributions a good idea overall? Why/why not? +* Would removing compulsory superannuation contributions really stimulate the economy by increasing the government's tax income and increasing everyone's disposable income? Why/why not? +* Or was compulsory superannuation contribution a good idea in the past, but stopped being a good idea when the COVID-19 pandemic caused the stock market to crash and led to a long period of low economic activity? +When building a portfolio, do you just go for monthly divs, Quarterlies, Annuals, or some kind of mix? If so, what do you have as the heavier side? For my setup I have 30 stocks of monthly and 30 stocks in quarterlies with 10 in each month. But my overall money is spread in a 1:2 ratio from monthly to quarterly. + +Edit 1: A few comments thinking I have 70 holdings, I have 60. + +30 monthlies and 30 quarterlies, 10 of those 30 in each month. Idk where 70 came from, lol. +Am I missing something it yields almost 5% it’s a pretty steady stock..solid company with plans for the future that include becoming more efficient with their emissions while selling the by products … the revenue and earnings is a little wonky over the past 3 years but profits seem to be increasing and quarterly look like they are on a uphill trend… I just started a small position in my Roth IRA due to the dividend it wouldn’t take a lot to drip a share a year basically with people fleeing from T I’m surprised I don’t see mentions of DOW or am I missing something? +Thinking of investing dividends in to Bitcoin and ETH instead of dripping. Anyone else considering something like this. Blockfi is paying interest on coin holding and coinbase is going to start the same. +I know many hear preach SCHD and I was just curious on why SCHD is preferred above SPHD and why it isn’t talked about much here. Doing some quick research it seems solid and a good potential choice to pair with SCHD. Maybe I’m completely wrong just wanted some thoughts. +I want to start putting some of my money in my bank account into dividends instead but looking at the charts... aren’t we due for a big correction soon? SPX about to make all time highs.... COVID at an all time high... past correction was very big.... should I just wait? Or get in now? I plan on keeping the money in for at least a couple of years +BAC recently increased their dividend by 17%. + +Seeing how BAC is quite solid and doesn't fluctuate too much, would this be a good hold for its dividend? + +It's also trading at 37 right now so it's pretty easy to pick up multiple shares. Thoughts? +BAC recently increased their dividend by 17%. + +Seeing how BAC is quite solid and doesn't fluctuate too much, would this be a good hold for its dividend? + +It's also trading at 37 right now so it's pretty easy to pick up multiple shares. Thoughts? +Hi everyone, +I’m 21 years old and have been dollar cost averaging into IVV s&p500 for about 3 years now, but want to expand to a dividend position as well. Whats everyone’s position on if I begin a holding in a broader etf like SCHD or should I be more focused on individual dividend producing stocks in different sectors ? +Parents are looking to start investing some of their cash that's been sitting in the savings account. What's a good mix of 5-7 dividend stocks/etfs that should be considered if they don't plan to touch that money for next 5 - 10 years or so? +Is it a good dividend investment? The stock came pretty much down and pays 7.9% dividend at the moment. On the downside there is not so much history (only 8 years) but what you think? +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/). +I was just having this discussion with a colleague who seemed to suggest spending around 1% of the value of the house each year in maintenance (no idea where he got this figure from), so it got me thinking. How much does everyone here spend on maintaining your house if you own? What types of things to you spend money on to keep the house up to scratch? +Wondering if Reddit has any advice for someone who feels like they’re being gentrified out of the city they grew up in. + +I live in the San Francisco Bay Area, North Bay to be exact. My parents grew up here, their parents grew up here. My mom and dad bought their house for 250k in the 90s. It’s now worth around 1.1 million. + +I’m 25, still live with my parents. My girlfriend and I are trying to move out and start the next chapter of our lives. Between the 2 of us we make about 160k pre taxes. Our total monthly expenses once we move out (not including mortgage or other home owning costs) will be roughly 2500 total. + +Being a homeowner is something I’ve always wanted, and assumed it would work for me like it did for my parents, but as I got older I’m realizing how difficult it’s going to be. + +I will not be able to find a house for under 600k, in the city I grew up or any surrounding areas. And even if I do all the rich tech people are moving out of Silicon Valley and San Francisco into more urban areas because of COVID and they realize they can all work from home, and they are more than willing to pay over asking, something I can’t do. + +We’re considering buying a condo and living in it, even then the cheapest condos are roughly 300k. Renting a home would be around 2800/month. + +I know people will tell me, and have told me, that I should just move. But I want to live near my family, my parents will be great resources for my future, and I have a very steady job I’m not looking to abandon. + +I don’t know a ton about real estate or investing or home ownership, but I’m trying to educate myself as much as much as possible. When I type in my information to a “How expensive of a home can you afford” calculator, it says roughly 250,000. + +Between my girlfriend and I we have ~100k in the bank. The only reason we’ve been able to save is because we’ve been living at home. + +Can my income support the COL here? + +EDIT: Want to clarify, my girlfriend and I will be getting married before we buy a house. We may even just go to the courthouse soon and have the celebration after COVID. We’ve been together for 9 years. We will likely live with our parents for another 6 months or so, then rent an apartment. Try to save as much money as possible. + +Current Expenses living at parents house, partner and I combined: + +Auto payments: 588 + +Auto Insurance: 300 + +Gas: 200 + +Student Loans: 160 + +Groceries/Eating out: 750 + +Phones: 130 + +Other: 200 + +Total: $2000-$2300 +Maybe this is stupid maybe it will get deleted but this is a small bit of advice and was a lot of learning for me. + +TL;DR it's not about what you make it's about how much you spend. Somehow life has a way of spending all your money if you aren't careful. + +&#x200B; + +I have been working my butt off for years - climbing the ladder and I have been rewarded. I helped take a company public, went from college to earning over 300K/year in just 5 years. I bought houses, I bought cars, I got married. It was awesome. Now I am behind. Why, you ask? I am behind because I just didn't pay attention. I spent a lot of money I didn't have, and I let credit cards get ahead of me, I let debt get out of control. + +For everyone out there, as I try to recover from debt, selling off stuff, and wondering how I got into this situation, all I can think is PAY ATTENTION TO YOUR SPENDING. Don't just watch your income and think great I used to spend less than that. Somehow someway - life has a way of spending money - unless you pay attention and budget. + +It's funny it's like I didn't even notice it was an issue. CC bills just piling up - I mean I was paying them, just not the whole thing. Then all of a sudden your credit limit hits and you think, shit I've been paying my bill right? Well only sorta. + +Just a friendly PSA from someone who is recovering spendaholic +I'm curious what asset protection strategies people here employ? Few years ago I set up an irrevocable trust - obviously this is something that required a lawyer, not DIY. Still, the more I read about frivolous lawsuits and things that may happen, the more paranoid I am. Now I am advised that every asset, every house you own needs to be in a different trust/LLC. Is that true & what else do you do to protect yourself? + +Case in point (quite well known in Miami): a 20-year old guy got in a car accident. The other party quickly learned that his dad is a doctor & owns the car. A couple years later, the dad was ordered to pay $29k car damage + $340k lawyers fees for the other party. + +(You can Google this case: Allen v. Nunez. It quickly became a classic case & is often cited. From Supreme Court document: After securing a final judgment in the sum of $29,785.97, Allen filed a motion for attorney’s fees pursuant to section 768.79, Florida Statutes, and Florida Rule of Civil Procedure 1.442. The trial court granted Allen’s motion to enforce the proposals after finding the proposals for settlement were sufficiently clear and unambiguous; it was determined that Allen was entitled to be reimbursed $343,590 in attorney’s fees and legal assistant’s fees. + +Other summary: https://chrisrussolaw.com/blog/personal-injury/court-considers-challenge-to-proposal-for-settlement-as-nitpicking/ ) +How does this sub rate Zerodha? Has anyone ever been duped by them on the basis of the power of attorney? Would you recommend a newbie to sign up with them? + +Edit : Thanks a lot everyone! Really grateful for the knowledge I've gained from my first post on this sub. +This sub has been a wealth of information for me. Thought I would contribute some of my research. + +There have been many discussions on investing in US S&P 500 via Indian MFs and via brokers (vested.in, TD Ameritrade, HDFC, ICICI etc.). But I couldn't find any info on which option offers better returns (after different costs were accounted). So I made this calculation sheet to figure it out. + +# Options evaluated: + +1. Indian index fund with (e.g. Motilal S&P 500 Index Fund) +2. US index fund (e.g. Charles Schwab S&P 500 Index Fund), via international/Indian brokerages (TD Ameritrade, vested.in, Charles Schwab, HDFC, ICICI etc.) + +Take a moment to consider the opposing choices: option 1 is easy and doesn't involve any currency conversion loss. On the other hand, option 2 comes with one tenth the Expense ratio and the somewhat amplifying effect of USD also going up over the years. + +[See Google sheet here for details.](https://docs.google.com/spreadsheets/d/1jpSIEXwzge2Q38D2YFyTuj1iwoNbmVoHxSuKZbDA9sI/edit?usp=sharing) + +# Result: + +investing via international brokerage (option 2) is the winner (assuming 1+ Lac invested for 4+ years). However, given the number of variables and assumptions that have to be made, there is never a single answer. Meaning - in a minority of scenarios, investing via Indian international funds (option 1) is the winner. + +For those of you who will be reading the spreadsheet - Feel free to share suggestions for improvement. Let's make this a reusable resource for the group. + +# Key Assumptions: + +* Motilal S&P 500 ER: 0.5% +* TER (Tracking Error): 0.85% +* US Index fund chosen for option 2: Charles Schwab S&P 500 Index Fund +* ER: 0.02% +* TER: 0.72% +* INR - USD conversion fees and commissions: 1.95% +* Annual rate of growth of USD over INR (To calculate final value in x years): 1.5%Here's why I chose 1.5% - most international forecasts assume 2.5% annual appreciation of USD. Historical data over past 6 years has also shown similar growth. I have rounded it down to 1.5% as a way of balancing optimistic and conservative estimates. Even if you assume a smaller growth like 1%, option 2 still comes ahead. If this rate comes down to 0% option 1 becomes the winner. But think about what that means- will USD really stay the same in 5 years? possible. But definitely not a high probability outcome. + +# Methodology: + +Future value for Indian fund (option #1 above) = Principle x (1 + 10% - ER - TER ) \^ nof yrs + +FV of US index fund scenario = (Principle - currency conversion costs) x ( 1 + 10% - ER - TER) \^ nof yrs +I hold units of FT Ultra Short Bond fund- Segregated portfolio 1- 8.25% Vodafone Idea ltd-10jul20. (I subsequently got out of the main fund before it was shut down.) + +I am trying to determine the amount I will receive in the unlikely event Vodafone pays up in full. Is there any webpage that lists how much money holders will get PER UNIT if Vodafone pays up in full? + +EDIT: I calculate it is Rs.1.2349 per unit. That is the fall in NAV (4.36%) between 15 and 16 January when they marked down the Voda paper. + +EDIT 2: I am unable to calculate this for Franklin Low Duration Fund. The NAV fell by Rs.1.5763 (6.87%) over the same dates but this markdown was divided over two different Voda papers, one maturing on 10 July 2020 (same as in UST), the other on 2 Sept 2023. However, there is no indication as to the breakup between the two. +Link : https://www.hindustantimes.com/tech/paytm-rolls-back-feature-that-turned-wallet-recharge-via-credit-card-into-vouchers/story-KOtWxSvXsfCwvcA0IEm4uJ.html + +I remember somedays back there was discussion here. + +Good those cunts learned their lessons. Couldn't have come on worse time. When WhatsApp payments are breathing down their necks. +Hello everyone! My question is about the *redeeming of mutual funds* + +Most online articles say that *investing via mutual funds is suitable for long term capital building using the compounding effect*. Please correct me if I am wrong, but based on my understanding the above *line* means that one must invest in mutual funds and have patience while compounding works over a very long period of time. + +Also mentioned in many other articles online is that *since markets can't be timed, one must withdraw/redeem part of the investment in Mutual funds so as to protect profits and then put that money in a debt fund which isn't so risky as an equity fund* + +My question is: + +1) Isn't it true that as soon as I redeem the money from a mutual fund, I am interrupting the compounding effect? + +2) If the answer to 1 is "yes", then I would like to know what should be done to protect profits? I mean, if we see that the fund in the portfolio has given 20% returns in the last 5 years and the present NAV is all time high, should we not redeem part of the profits? Or should we just not look at these parameters and just continue with the SIP in this particular find? + +I hope the phrasing of my question is not too confusing and I am able to express my question correctly. + +Thank you. +* Holds the monoploy over the whole coal market in India. +* Pays dividend annually, has a dividend yeild of 6.7% +* Has Govt as the main promoter. +* If the share appreciates in the meantime, that will be a big bonus, considering it has the highest of arnd 303 and currently at 245. +There are many formulae/concepts around debt : equity allocation decision, however, is there any method to determine within equity asset allocation? Like, % of large vs mid-cap vs small-cap, etc. What do you guys do? + + +Do you monitor and rebalance for within-equity asset class allocation as rigorously as you do for across-asset class? Any study/article around that? +I have been thinking of value investing some small funds monthly in some shares for long term. I had been reading some annual reports to understand the business but many on this forum said that Indian cos likely fudge their books so the annual report can't be trusted. + +I asked a friend who works in PWC and he agreed saying that only Blue Chips had probably genuine reports. + +Should I give up the idea of value investing on shares and only go for MF? + +Thanks. +Best Fund House: Equity +Winner: L&T Investment Management +Nominees: Aditya Birla Sun Life AMC/ Franklin Templeton Asset Management (India)/ L&T Investment Management + +&#x200B; + +Best Fund House: Debt +Winner: UTI AMC +Nominees: Aditya Birla Sun Life AMC/ Franklin Templeton Asset Management (India)/ UTI AMC + +&#x200B; + +Best Fund House: Overall +Winner: Aditya Birla Sun Life AMC +Nominees: Aditya Birla Sun Life AMC, Franklin Templeton Asset Management (India), L&T Investment Management + + +**Source:** [https://www.morningstar.in/posts/51606/winners-morningstar-fund-house-awards-2019.aspx](https://www.morningstar.in/posts/51606/winners-morningstar-fund-house-awards-2019.aspx) +Link : https://www.hindustantimes.com/tech/paytm-rolls-back-feature-that-turned-wallet-recharge-via-credit-card-into-vouchers/story-KOtWxSvXsfCwvcA0IEm4uJ.html + +I remember somedays back there was discussion here. + +Good those cunts learned their lessons. Couldn't have come on worse time. When WhatsApp payments are breathing down their necks. +Many of you must have been aware about the outage at Zerodha today with users facing login issues. + +I have faced another issue today. + +Had opening balance of Rs10000 .(cash balance) +Earned Rs3500 in the day . + +Ideally this would be shown in as +Options premium : -3500 or Margin :-3500 + +Either of those depending where the profit came from(intraday equity or intraday fno) + +But Zerodha is showing it as Rs 10000 only. + +Earlier had faced the same problem , however then , I could place orders worth Rs 13500 (10k+3.5k). + +Anyone facing this or any known solution ? +I don't want to keep a track of my opening balances each day and cross check or tally ( I know reports,daily fund statement etc exist to cross check , but I simply want to believe them without worrying much ). +First: I genuinely appreciate any corrections to any of the language I use in this post. + +I have a nephew with autism who will soon be a teenager, and it’s becoming clear that to thrive as an adult he needs more help and support than he is getting. For a while now, I’ve been helping with his ABA therapy and with an intensive summer therapy program his mom found. I don’t think any of this is giving him what he needs. He’s struggling socially and his grades are plummeting. He’s not okay. + +For context, because I know “autism” can mean a lot of different things and kids can look very very different: he is in a regular class in a public school and of course has an IEP, but in my opinion it’s a joke. He barely gets any in-school support. He is a pretty smart kid, but without someone right there monitoring him, won’t dial in and actually work. His speech sounds “different” and he has difficulty with “normal” conversations — he can talk animatedly about his interests, but will walk away or not engage in other talk in the ways people expect. This is affecting his time at school because he has no friends at all and is starting to understand and talk about how other kids don’t like him because he’s weird. It’s heartbreaking. + +My partner will (fingers crossed) join me and FIRE in the next few years. I want to build supporting my nephew into our financial plans. Unfortunately he lives in an area with pretty limited resources for autism, and I don’t think his parents can move. + +Are there additional therapies we should be budgeting for? Travel therapists you’ve tried that helped? Truly excellent summer programs? Ways (other than a 529 and ABLE) to help fund a secure life for him in the future? Other things that I should know about? I’m looking for anything for him that we should think about and plan for as we finalize our estate planning and set up things for our own retirement. He is not my kid, so I in no way want to come across as criticizing his parents, and want to find if possible ways to supplement what they are doing, if that makes sense. + +Obligatory: It’s mostly there in the flair — 8 figure NW, I’m retired, my partner is still working with 7 figure income and I hope will quit in a few years. +Hi all, I posted in RichPeoplePF recently about purchasing a $100k car, and it spurred some discussion that fatFIRE differs from FIRE in that fatFIRE is also about splurging a little on the journey. + +I know there’s a purely quantitative calculation you can do to make decisions on purchases - i.e. ‘this purchase will delay my fatFIRE date by X years’ - but I wanted to take a step back from the personal finance angle and ask this sub a qualitative question - what other factors do you use in determining whether a luxury purchase or hobby is ‘worth it’? + +For example - time (ie ‘I’ll buy this only if I can spend X+ hours a year enjoying it), or social benefits (ie ‘this purchase will introduce me to other hobbyists and I’ll build a network). + +I’m late 20s, no dependents, NW $1.5M, gross salary $170k, expenses $65k, and I am set on buying a $90k Porsche 911. + +I have decided it is something I do want, and quantitatively, I’m okay with the hit on my finances and delay in FIRE date. But, I keep talking myself out of it using the qualitative reasonings I mentioned above - ‘I would only drive it once a week,’ ‘my job could throw me international at any time,’ or ‘I’m being delusional about the network it will open up for me.’ + +My question is - aside from a pure numbers perspective, how do you determine if your hobbies are ‘worth it’ for you? +Posting this using a throwaway account due to lots of personal details. + +**Background**: I'm 35, female, married with one small child (plan to have one more soon). I have a job that I'm growing tired of but don't hate, pays well, and allows remote work. We recently took advantage of that and moved from a HCOL to MCOL area for better quality of life. The lower cost would also allow me to take a career break for a year or two to spend more time with my child and focus on parenting/procreating, if I decide to do so. We just sold our expensive house in the HCOL city and ended up with $850K cash. + +**Looking for advice** **on how to best invest this $850K lump sum to reach our FIRE goal**, which is 4M NW, hopefully within the next 5 years. I'm also debating if I should stay the course with my job and try to reach our FIRE goal asap, because 99% chances I won't be able to find a job that pays as well locally, which may greatly delay our FIRE plan. Also welcome suggestions on current asset allocation (not well thought out right now). + +**Breakdown of our current NW around $2.8M:** + +* 53% (1.5M) in pre and after tax brokerage accounts (35% S&P 500 index funds, 28% tech company stock A, 14% QQQ index funds, 7% REIT funds, 4% tech company stock B, 6% individual stock, 5% WMGAX - husband picked this mutual funds but I'm not impressed, 0.5% bitcoin) - I'm hesitating in selling company stock A because they're all from RSU and ESPP and have been growing very well and I don't want to pay taxes at our current tax bracket. +* 17% (430K equity) in 2 investment properties with positive cash flows. +* 30% (880K) cash (primarily from recent house sale). + +**Debt $500K:** + +* $450K mortgage at 2.8% interest rate on a new primary home worth $650K. +* $50K mortgage at 3.99% interest rate on 2 investment properties. + +**Pre-tax annual income around $480K:** + +* Joint income in the past few years is around $520K (W2 jobs + rentals). Going forward may be lowered to $480K due to the relocation. If I stop working, our income may be further reduced to $210K. + +**Annual expenses $120K. Got the 4M NW goal using a 3% withdraw rate.** + +**Preliminary plan for the $850K cash:** + +* $400K in a high growth ETF, thinking ARK +* $250K in a low cost ETF or mutual fund, looking for suggestions. +* $100K in VTWAX to increase international exposure +* $50K in bitcoin +* $50K to pay off investment properties (3.99% interest) + +Plan to invest all at once. + +Edit 1: updated total exposure proportions across all brokerage accounts. + +Edit 2: both company A and B are in tech. +I've been more fortunate with finances than my friends, we're all early 30s. They're all making <$100k, have debt, and are either renting or living with their parents. It bothers me that I have financial freedom while they're still struggling in the rat race. + +I'm very nurturing by nature and enjoy helping out others and have been contemplating helping them get on their feet by helping clear their college debt. I can afford to do this and barely be affected. + +I'm pretty sure they have an idea I'm doing alright since I haven't been working for a year, but I don't think they know just how well I'm doing. I don't think they'll be offended by this or think it's a show off gesture, but rather grateful. + +One issue is that they all have different levels of debt. Most are in the $10-20k range, but one made a royally bad decision with dorming and changing majors that put him $200k in debt so not sure how to handle that difference in terms of how the others will take that. + +Has anybody else done something similar? How'd you go about it? Do you regret it? Any suggestions and tips are welcome. +I’m 25, business owner for almost 3 years now. I’m always stressed and don’t know how to relax. I always prioritize work over anything else. Although lately I haven’t been productive. I don’t know how to not work. I don’t know how to enjoy life. I’m feeling so lost. I feel like life is passing me by. I want to fatFIRE and enjoy the journey. I’ve isolated myself so much. + +Any tips welcomed. +Hi. My NW is \~$4M and I'm still working remotely in some big IT company for \~$100k + equity \~250k/year. Single. + +I'm looking to move from some VLCOL country in eastern Europe to more enjoyable location where I'm surrounded with a lot of smart people and with a good access to mountains and/or sea (skiing, climbing, kitesurfing). + +I'll probably spend about half of the year there to preserve tax residency in some place with no foreign capital gains tax unless it already has such benefits. + +I was thinking about southern Portugal (and all the benefits of non-habitual residents program). +Switzerland also sounds interesting, but not sure if it's worth the cost. +Its the time of the year when I feel extra sad about being in poverty because I cant afford to get even the simplest of gifts for my boy. But I wanted to share this free “Advent Calendar” that we are trying out. We went to the library and I got him to select a whole bunch of books. We numbered them and each day he gets to pick a number out of a bowl and we read that “new” book for the day. Its not much but it feels nice to start some simple traditions. Some day… it’ll be better :) +Why Halloween is such a big deal: + +Our party store operates with an annual net profitability of about 16-17%.  So the math looks like this (used numbers that make it easy to see): + +$100,000 Revenue + +$30,000  COG (cost of goods) + +$53,000  OE. (operating expense) + +$17,000 Net Profit + +For the month of October, however, our sales jump considerably, but our operating expenses stay mostly flat causing our net profitability to jump to 42%. + +This basically means for every dollar in revenue we collect in October, $.42 drops directly to the bottom line vs $.17 for every other month.   + +Now the picture of our Halloween store looks much different (think Halloween City).  For the month of October our net profitability is a whopping 62%!!  PRTY will have between 130-150 HC stores this year.  They only had 90 last year and those were not fully stocked.  My guess is these stores do between $400-$500K each per season (Sept/Oct).  If you use our party store net prof at 42% and use 140 stores that delivers $24.6M in Net profitability.  If you use the halloween store net at 62%, that number jumps to $36.3M.  And recall that includes the 50 extra stores this year vs last.  These net numbers should add directly to EBITDA so the better Halloween is, the more dramatically the elevated Net Prof numbers have on growing EBITDA.  Conversely, this is why PRTY gets PUNISHED if they have a bad Halloween.   + +Also, there will be about 756 PC stores this year vs 749 last year. All of these store should see a similar increase to net profitability for Oct as our Party Store. My guess is they will see much better net prof this year versus last given the improvement in their inventory position, offset partially by increased labor expense. My two cents for what it's worth. +i’ve been in the rental game for about 5 years and i make it a point to keep 10k cash for emergency funds for each property. what amount are you all keeping on the side? i would like to see if i am being conservative or underestimating my emergency funds. + +emergency funds to me are to be used for any emergency repairs or times when the property has no tenants. +I recently inherited a little over a million dollars and am looking to invest in real estate for a passive income. Which city and property type would provide the best return for the money I have to spend? I currently live in LA but realize this amount would do little here. I am familiar with and have lived in the cities of Chicago and Atlanta, so I would be most comfortable investing there. + + +If the current trend of market appreciation continues, there would be an eventual point of no cash flow properties (we are almost there in most markets).. + +When that happens, what do you guys think would be a better alternative strategy investing in Real Estate ? Would you then start buying properties hoping just for it's appreciation, which is generally considered not a sane idea in this sub, even though it negative cash flows ? +Beginner to real estate investing. I'm active duty military and live in SoCal so the prices here are.. very high. My plan is to buy a condo/home, rent it out, have someone manage it, and then do it all again. I'm able to use the VA loan and put zero down as long as I intent to live in it, but with upcoming deployments, moves, etc.. Basically as long as a reason comes up as to why I can't live in the house and I have to rent it out/sell it, then I'm able to. I'm going to be in SoCal for about 3 more years and I'm hoping to buy a new home every year, so by the time I leave I'll have acquired 3 properties. I've got about $50k in cash so that's enough to cover repairs, taxes, the horrific HOA's in this area, and vacancies. + +A guy I work with is in the same boat as me and is currently 2 properties in and looking at his 3rd and has positive cashflow so I know it's all possible. The average 2bed/2bath condo that sells for $300-400k and rents for $1900-2200 are what I've been looking at. + +I know California is not the ideal place for this. High prices, not landlord friendly, HOA's are at least $300 with every place I've seen, but I wouldn't be able to use the VA loan out of state and I don't really have time time to travel to look at places nor the experience or confidence to buy properties without seeing them myself. + +All this to say, in my shoes would you invest in several SoCal properties with hopes to move to another state in the next 5 years and continue my investing there? +I went to a busier open house for a 9 bd / 3ba triplex today and opened a couple closet doors during my inspection. One of the closets had some damage to the floor. Anyways, the agent monitoring this 3rd unit scolded me for touching the doorknob, since it's not fair to the tenants (who, for what it's worth, weren't present for the showing), what with COVID being a crisis. I do wear a mask properly and am now fully vaccinated. I also usually will take a look under kitchen and bathroom sinks, obviously touching the knobs. Am I out of line here? Should I really just walk through and not touch jack? Really? +Can granting a loan itself be considered an investment? Because at the end of the loan, you'd end up making alot more money that what you can flipping a house, and you wouldn't bleed money while you wait for appreciation or bad market/economy to pass. When people buy houses, they end up paying more than twice what the house is worth over the length of the loan, so it would seem like a more profitable path. +The best laid plans of mice and men.... + +So it seems that I am narrowing down and looking for my niche and SFH cash out refis might be it. So hypothetically lets say I find a distressed property, foreclosure or whatever, that I buy for $20k cash. I put $20k cash into rehabbing it. I get a tenant in it and am collecting rent. It appraises for $60k, I refi it at 75% so $45k which covers my initial $40k plus closing costs or whatever. Lather, rinse, repeat and in a decade I own thousands of houses and am a bazillionaire right? + +Where does the often touted BRRR plan fail? What are the weakest points? + +I know that once you get somewhere around 10 houses then conventional banks aren't going to want to keep giving me money right? What are the rates on private refinancing? Are there just not enough deals in current markets to keep doing this? Is it one cracked foundation or ripped out copper and you're sunk? Do the refis kill your cash flow? What am I missing here, are people just not willing to put in the work or do they just not have the startup money? This just seems almost too good to be true. I'm not talking about slum houses in the ghetto, there are C class properties available that just need some TLC and someone with a plan. Does scaling from one to a couple to a dozen houses just overwhelm some people? Please tell me how naïve I am to think that anything about this will be easy. Thanks! +What is the “go to” online tool/website to help determine whether or not a certain property is going to be cash flow positive upon Airbnb or traditional rental? Of course, I would just use as a guide and run my own numbers before making a purchase. Just trying to streamline a little. Any first hand knowledge of a online tools reliability/accuracy? +Need some more experienced folks who have possible made this transition to weigh in if you could... + +Should I sell my single family portfolio to invest in more MFH/CRE? + +Quick rundown.... +Still work a W2 job and own ~40 houses that are have been fully rehabbed and rented and perform really well in terms of cash flow/ROI. I manage these via a VA/call center. + +I also own ~60 apartments (one medium sized complex and the other a smaller one). These have outsourced property management and have performed mediocre at best since owning them. The larger unit is a huge value add play, so that one should turnaround in the near future. + +The equity play is the biggest perceived value I have found as an advantage for multifamily. Also, if I self managed these, I know they would perform better, but these are management intensive. + +I hate to drink the Kool-Aid, but I’m thinking about some/all single-family portfolio to sell (1031 exchange) invest in more multifamily or other forms of commercial real estate. I know this is what all the gurus say, but I am skeptical because of my current experiences so far. + +Thoughts? +The market is crashing, inflation is running, hedge funds are getting liquidated, MSM is turning on SHF, dark pools are very real. All of these things Superstonk predicted or warned about, and all the while we were mocked along the way. We held tightly to our evidence-based analyses and to the truth in the face of constant belittling, media spin, and scorn from the mainstream public. We don't need to laugh in their face and say, "Told ya so!" but I do think it would be worthwhile to reassert our credibility by keeping a bank of all the major events we called out in advance. We could then vote this bank to the top of r/all to show the average redditor we weren't wrong, just early, and we're just getting started. +https://www.ft.com/content/98d74346-de67-11e6-9d7c-be108f1c1dce + +This reminded me of the post of the FIRE related Onion article. It turns out, despite vastly better working conditions people dislike their jobs more than ever before because of unrealistic expectations. It seems like an interesting assessment. +I feel so fortunate. I often find myself reading this sub and feeling so far behind others my age, however, as of recent, I have come to realize that for many of us who feel behind, we are still more financially fortunate than probably 95 or more percent of the population. Many of my friends graduated college, an already fortunate life step for most, and more than not seem to be hit with growing debt/unemployment at a young age. This sub is filled with amazingly successful people, which is awesome and exciting to read/learn about, and I need to remember than in my comparisons. How do you deal with comparison? I know not supposed to, but it seems impossible at times, so this made me feel solid overall! +I'm 30 years old, married, and have 2 kids. +Long story short: In June 2014 I got a new job(Job B) that paid 25% more than my last job(Jab A). Then in October 2014 that job got outsourced but the outsourcing company liked me and offered me a job(Job C) making close to 75% more thatn what I was making at my previous job(job A). So my first year making this much money I splurged A LOT. To the tune of $12k. I worked hard these past 5 years so I wanted treat myself. + +Here's what I spent the money on(Ballpark estimates) + +$1500- Watercooled gaming PC + +$500 - FreeNAS machine + +$500 - PS4 and games + +$500 - Wii U and games + +$800 - 3DS and games. it was actually 3 different 3DS systems which were $470 + +$600 - Funko Pops + +$1500 - Phones( I had to get a one replacement because 1 of the phones broke) Otherwise this would have been closer to $1000 + +$500 - DSLR + +$1000 - Furniture that were optional and not NEEDED but I wanted + +$1200 - 1/2 grass fed Cow + +$500 - Anime boston + +$1500 - baby stuff + +$1500 - presents, birthdays and misc + +Aside from the cow I don't see anything on this list that I'll likely get again. +I'm going to get modest with presents and birthdays. I'll probably skip anime boston this year or if I go I'll control myself with the spending. +Realistically speaking I don't think I'll be saving all $12k but $8-10k should be realistic. +What I should do with that money is where I need help. +My credit is not great so I would like repair and make it better. I'm at about 650 ish credit score and I'd like to be at 750. + +I have about $32k in student loans that I'm paying back on time every month and reflects good on my credit +I just financed a car for $24k. like 2 weeks ago. 5.09% interest which is not great but it's not bad. I can live with it. +I paid off my previous car this year but I did miss some payments during the finance term and I'm wondering if there's anyway I get this removed from my credit report. Like as an act of good will or something. +I have a private student loan that I been avoiding. but I'm pretty sure it's affecting my credit score badly. Like I graduated college in 2011 and I have just not been picking up their calls which is dumb I know. +I have an upcoming court date with BoA about a CC that was closed a long time ago so I'm not sure it still shows up on my credit report but I think the firm representing them keeps pulling up my credit and that might be affecting it badly. + +I think there's 2 other misc things on my credit that are fairly cheap to pay and have removed from my credit report I hope. 1 is Early Termination FEE from verizon and I forget what the other one was but the 2 are about $400 together so easy enough to take care off. +I only have 1 line of Credit and that's with Amazon. It's a very high interest rate card but I only use it with the special financing option which doesn't charge interest. IF paid off in a year ($500+) or 6 months ($150) +No savings. Planning on getting on my company's 401k during open enrollment. But no other plans as far savings and other types of accounts that helps me get more money + +So PF gurus what do you think the best course of action should be for me. Please guide me because I'm terrible with money and never realized how important credit was in this country. + +Thanks in advanced. + +Edit here is my Salary and expenses +Salary is $70k/year it's broken down weird though but whatever still $70k + +$60k salary + +$6k in regional living expense bonus (6k/26) + +$4k in quarterly performance bonus($4k/4) + +I get paid bi weekly. I take home about $3900 after taxes and health insurance every month. +I get $1k every quarter for my bonus + +My expenses + +$1000 rent + +$500 car ($421 minimum) + +$130 car insurance + +$220 student loan(The one I'm actually paying) + +$110 Cell phone bill + +$220 train pass + +$70 gas + +$50 diapers and other bay stuff + +$500 food + +So that leaves me with a $1k +Every single day for the past month without exception tech has easily been outperforming the market. In fact it has become the market. Today was the greatest differentials I have ever seen between value plays and tech. AMZN, TSLA, FLSY, SQ, AAPL etc just go up and up fast. Dow is down 400 points yet tech is having a blast. + +These are the YTD returns + +- QQQ + 21.3% +- SPY -3.25% +- Dow Jones- 11% +- IWM is down a whopping 18% +&#x200B; + +In March I started keeping track of my free Crypto. This is any crypto that I haven't personally bought. + +My methods: + +Coinbase Earn: + +You earn free crypto by watching a video explaining how a project works, and answer some questions about it, in return you receive between $1-$3 dollars for each one. + +In July 2020 I did majority of the Coinbase earn rewards, this was roughly **$32** at the time, and is now $209 of my free crypto. Which is down this past month significantly. + +https://preview.redd.it/0zsa0x77jq271.png?width=706&format=png&auto=webp&s=787674e4eee2e29ddb589a847674bdfbedf0d20d + +Staking: + +PoS (Proof of Stake) is the concept that a person can mine and or validate block transactions according to how many coins they have. So more coins you own = more mining power you have. + +This is currently what I'm working on building up right now, for this month I traded a lot of my Algo and other staking coins and put it into ETH, and staked that. + +https://preview.redd.it/3quhhhrcjq271.png?width=705&format=png&auto=webp&s=cb4978c10316529ae9a2b0a5a855e27cee217d66 + +Automated Rewards: + +These are rewards that require none of my attention. + +Mining - I Use the GamerHash, This just uses spare computing power from a Desktop I've had for years. And just bought / added a new miner today so plan on increasing this amount by double every month (approximately $2 USD a day). + +Brave Rewards - I wrote a script that automates the BAT rewards I was averaging 1.040 BAT a day until the recent nerf'ing and received 10 bat for the entire month. Brave allows you to earn BAT just by browsing and seeing ads on their chromium browser, both on PC and mobile (I also earn Bing Rewards through this method as well) + +https://preview.redd.it/44q08sapjq271.png?width=707&format=png&auto=webp&s=64c127b3306feb3647c80b5e564c2dccc075b7fe + +Reddit Moons: + +These don't need an introduction, earn by being active in this community. + +https://preview.redd.it/hebgdsy9kq271.png?width=706&format=png&auto=webp&s=ea0a11cec523fda2ec172c73c8c21871e2913e7e + +Total: $651.07 + +Since last month my free crypto has gone up only 2.05% to which I’m actually impressed the value actually went up with the month we had even if it’s just 2%. + +Coinbase Earn - 39.63% + +Automated Rewards + 21.90% + +Staking + 82.56% + +Reddit + 14.10% + +https://preview.redd.it/xve0us57lq271.png?width=789&format=png&auto=webp&s=a2be6b1e978cc7e583195634cde9edbb067b570a + +There are other great methods to getting free crypto which can be found in this great post [here](https://www.reddit.com/r/CryptoCurrency/comments/llyq6e/a_collection_of_all_the_possible_ways_to_earn/), but for me I'm trying to focus on ways that don't require any interaction outside my typical behavior like being on Reddit. + +&#x200B; + +Edit: For those interested in my Brave Automation, I plan on releasing it on github here soon / next month. +Hey! + +When I was 18 I made some very very very dumb decisions that also had a huge financial impact on me still to this day. +Long story short, I moved out of home, got a credit card, maxed it out and took some payday loans out. I had a bunch of little loans which were all paid for but I ended up defaulting my NAB credit card which NAB eventually closed after 6-7 missed monthly repayments (I know... that’s really...BAD..) + +Anyway, I was young and stupid and honestly didn’t even really think of a consequences. I’ve paid back most loans now and have almost paid back the credit card to the assigned debt collector. Only issue now is my credit report history is atrocious. The credit score is somewhere in the 400’s with just the one default from that NAB credit card with the 6-7 missed monthly repayments attached with it. I also had a lot of unsuccessful payday loan applications on there. There hasn’t been any activity on my credit report since late 2018/early 2019. + +I am now working a full-time job and am able to save a lot of money. I also study part-time (with one of my majors now being financial planning, how ironic lmao..). I have realised my mistakes and it has been a few years now. I am wanting to purchase my first brand new property in roughly 2 years so will be saving very hard to do this (should be able to achieve 20% deposit by myself by then). I also have my partner who would be applying with me (no credit history, Australian resident). + +so.. I have a few questions; +How long will the NAB credit card default stay on my credit file for? +What about the missed repayments and the payday loan credit enquires/applications? + +and most importantly... will I even have a chance at getting a home loan? How much will lenders care about what I did when I was 18 in regards to this default? +What steps should I take now to make me look at good as possible to lenders? + +Thank you! +What did they do to change their valuation of risk? can someone explain? or explain it like im 5? thanks reddit! + +http://www.forbes.com/sites/steveschaefer/2012/10/18/morgan-stanley-delivers-thank-the-bond-business/ + +http://ftalphaville.ft.com/2012/10/18/1218491/a-tale-of-two-vars/ + +I interned for a company 2 years ago, and through that internship I connected with some people and I still stay connected to some of them. I started work as an engineer last year with a salary of $67k, and I got a raise this year to $69k. I was talking to some of my intern buddies and they were supposed to start at the same salary I started at, but I found out that HR emailed all of them unprompted and said their salary is getting increased to $72k due to the market. Obviously this doesn't seem fair as they have a year less experience than me and will be making more money than me for practically the same job. I know I am new and don't have too much leverage, but is this worth taking up to my boss? + +That $3k difference would turn into $4k in 10 years with the basic 3% raise, and $5.5k in 20 years. It would be even more when factoring raises like promotions. Making the more money wouldn't change my lifestyle obviously, I just don't want people with less experience than me making more. Is this worth bringing up or should I just accept it? +I'm 49 years old. Was maxing out my 401k and Roth. + +401k was at $300k before this whole thing started. Up until today, I was fine with leaving it alone. I'm at $215k now: + +[https://i.imgur.com/97w5ae2.jpg](https://i.imgur.com/97w5ae2.jpg) + +Roth was at $25k, now at $18k: + +[https://i.imgur.com/zwpurap.jpg](https://i.imgur.com/zwpurap.jpg) + +In any other bull situation, I was fine leaving it alone. Was even joking with some co-workers 2 weeks ago if I should buy more... + +But I'm only realizing now... we still may have MONTHS of this. Industries are CRATERING. + +I'm in the airline industry. NOT a good place to be in. I will likely lose my job. + +Is there any possibility of losing it all if I do nothing and leave it? I don't want to sell now but $230k is better than $115k, or $0. + +Confused... anxious... nearly suicidal... thoughts please +Walked out of the car dealership last night when the lies started flowing from the Finance and Insurance (F&I) guy's mouth. Had already negotiated the price with the salesman, told him we were giving them exactly 1 hour and 15 minutes to complete the deal or we were walking, and 1 hour and 10 minutes in, the F&I guy started to come up with all sorts of creative reasons why the out the door price was 25% higher than the negotiated. Made the term of the loan 72 months instead of 48 (which would have taken the loan out of the 1.9% program and into the 2.9% program). He lied about GAP insurance (said it was required by the state - newsflash - FALSE), he added on the extended warranty (New car? Really?) and when pressed to remove them, he just piled on more lies. + +I looked up, said, "We're done here." and walked out. + +Sales guy chased us down in the parking lot, we agreed to re-engage today, but I am ready to call out all the bs when it happens. Make no mistake, this is hugely inconvenient, as the vehicle is a replacement for a 13-year old car that died on the road on the way home from work last night. Still, we walked away. + +A couple of phone calls will be made to other dealerships this morning. Everything happens for a reason. + +Always be prepared to walk away. ALWAYS. +Hi guys! I would like to introduce to you this new BSC project that I'm invested in—Empire Token! I've been in it since day 1 and I cannot stop simping for it because I believe it is an amazing project that is (sadly) extremely undervalued. With the strong utility it offers to its users, I'm certain that the project will reach greater heights in the short and long term. And if you're wondering why, then please read on and be the judge. + +&#x200B; + +**About Empire Token** 👑 + +&#x200B; + +* 1 billion supply +* 10% tax (4.5% liquidity; 2% marketing; 1% team and R\&D; 0.5% competitions; 2% reflection) +* It's currently sitting at $1.5M market cap with only 2,100+ holders +* It offers multiple use cases stretching from DeFi applications to real-world operations +* Dev doxxed and hired a professional marketing team + +&#x200B; + +**Empire Token Use Cases** 🔑 + +&#x200B; + +* **Non-fungible Tokens (NFT) Licensing** 🖼 + +&#x200B; + +Empire NFTs come with unique attributes and an extra layer of utility that allows users to license their media for commercial use. Users will also be able to trade and stake NFTs on the platform, but it is the licensing feature that makes Empire unique. Instead of only making a one-time profit on a single, artists can earn steady income by leasing their assets for use. + +&#x200B; + +* **Real-life Payment System** 🌍 + +&#x200B; + +Instead of completely focusing their attention on intricate DeFi use-cases, Empire has broadened their horizon to include real-world applications for users outside of the DeFi community. By using Empire’s search engine, users can purchase tickets and book accommodations. The token will have a variety of real-life use-cases that will implemented over time, making the project a bridge for the community. + +&#x200B; + +**Roadmap** 🛣 + +&#x200B; + +* Live Videos with Founders +* First Partnership Announcement +* NFT Marketplace Teaser +* Website 2.0 +* Launch NFT Smart platform (NFT Marketplace & NFT Licensing) +* NFT Marketplace Audit +* NFT Staking Pool +* Development of the First Version of the Empire Payment Service + +&#x200B; + +**What to look forward to in the shorter term?** 🚀 + +&#x200B; + +* There will be an **airdrop of 25 million $EMPIRE tokens for all the strong holders** to show gratitude to the community! Snapshot will take place on 15th June, 11 PM UTC! +* The Empire's Founder and CEO, Dulla, will be having an **AMA hosted by Satoshi Street Bets community with over 70,000 members**! Dulla will be entertaining all questions and announcing important news about the project! +* The team has already applied for **CoinMarketCap, CoinGecko, Coinhunt, and Coinsniper, among other coin listings** so we can expect these to come in the next few days! This will surely attract new investors and an uptrend is imminent! +* The team is also trying to get **BIG YouTube and TikTok influencers** onboard! By big, we mean the likes of the **Bitboy Crypto**! Really crossing my fingers on this one! +* Ads are being rolled out including **Poocoin, Central Waterfall, Unirocket, BSC Scan, and 4chan,** among others. + +&#x200B; + +These are only some of the many plans that the team has prepared for the project. They will be announcing more exciting news soon, and I'd suggest that you join the AMA tomorrow with Satoshi Street Bets! This is really huge for the project as they are one of the biggest and most distinguished crypto groups on the DeFi space! + +&#x200B; + +If you’re interested to know more about the project, feel free to visit the website or chat with us in our Telegram group and the team and community will be happy to entertain your questions! + +&#x200B; + +**TOKEN ADDRESS** 💚 + +&#x200B; + +0x293C3Ee9ABaCb08BB8ceD107987F00EfD1539288 + +&#x200B; + +🌟 [**BUY ON PANCAKESWAP**](https://exchange.pancakeswap.com/#/swap?outputCurrency=0x293C3Ee9ABaCb08BB8ceD107987F00EfD1539288) + +&#x200B; + +**Connect with Empire** + +&#x200B; + +* Website - [empiretoken.world](http://empiretoken.world/) +* Telegram - [t.me/empiretokenworld](https://t.me/empiretokenworld) +* Twitter - [@RealEmpireToken](https://twitter.com/RealEmpireToken) +* Discord - [Empire Token](https://discord.gg/wV6gX6nhqJ) +* Medium - [@empiretokenworld](http://medium.com/@empiretokenworld) + +&#x200B; + +Thank you for reading and happy trading, everyone! ✌️🌝 +There's this launchpad token and it's kind of a big deal, way undervalued. Its the Astronaut $NAUT token. + +TLDR; They are creating a way to decentralize how new projects raise money, and it's pretty awesome. + +The biggest issue of the current way of doing things is that getting enough tokens to participate is not always possible, and if you do get lucky enough to get those tokens for some projects your allocation often isn't enough. + +Most whitelistings are riddled with bots that snipe these spots instantly meaning the regular investor has little chance. The $Naut token is looking to fix this. + +They figured out a way for crypto projects to raise money by setting up a swap pool based on a fixed purchase rate for tokens. This has many advantages over traditional ICO's IDO's. (More can be read on their gitbook linked below) + +Updates: +Astronaut $Naut token has been on a tear upwards on the charts but is on the verge of another major breakout soon. This project was launched just over 25 days ago and already has seen awesome price action from its initial price of .20 to hovering around ~$4 as of today. + +Here's the thing! Naut is looking to launch its first IDO on its launchpad in the coming weeks, has major cex listings on the way, and has an impressive community + + + +Give them a look 🚀 + +Website - Astronaut.to + +Gitbook- https://astronaut-1.gitbook.io/astronaut/ + +Address - https://www.bscscan.com/token/0x05b339b0a346bf01f851dde47a5d485c34fe220c + +Telegram - https://t.me/astronautbsc + +This is a burn token for Phase I so it requires a 6% slippage that also gets 1% of  burn redistributed for holders. + +Phase II is a full launchpad buildout after they are done with their business development. This is poised for a big short term gain but its a long term hodl since every IDO launched gives back 20% in raised BNB IDO fees back to wallet holders based on their percentage of total tokens. This is huge! + +Total supply - 10m ( capped at 5m will be left after all the 🔥) + +Burnings, 1,126,947[current supply after burns thus far] and counting $Naut have already been burned + +Current circulating supply - ~4.4M + +Buy on: +apeswap.finance + +bakeryswap.org + +pancakeswap.finance + +Token Address: +0x05b339b0a346bf01f851dde47a5d485c34fe220c + +Chart: + +https://dex.guru/token/0x05b339b0a346bf01f851dde47a5d485c34fe220c-bsc +LTO Network will reach the top 50 in Marketcap pretty soon!With a very low Marketcap, it has a very high transaction volume! Pretty interestinghttps://www.coinstats.network/ + +All the other coins are 15+ times bigger in MC! + +I am curious how fast it will grow in the near future, what do you all think? + +They are tradable on Binance! + +Telegram: +[https://t.me/ltonetwork](https://t.me/ltonetwork) + +Twitter: +[https://twitter.com/TheLTONetwork](https://twitter.com/TheLTONetwork) + +Website: +[https://ltonetwork.com/](https://ltonetwork.com/) +I created this thread to point out some distinct and important differences between the launch of bitcoin compared to the launch of every other cryptocurrency. I realize that many of you already know these facts, but some of you don't. + +Bitcoin, the most secure and decentralized cryptocurrency (I'm not debating it), was created to solve the problem of trust with governments and to be a store of value that can be sent/received anywhere/anytime without permission or trust of anyone else. Bitcoin’s narrative matches the real world utility. If you want to get technical, bitcoin is really a scarce tokenized derivative of inflation and corruption that's kept honest and secure by it's own decentralized ledger of value that can't be forged or hacked. + +**To ensure that the launch was considered fair, Satoshi took careful steps to make sure that the world would look back and observe that bitcoin was launched fairly:** + +- **No premine** (Satoshi didn’t grant himself any coins) +- **Gave a 2 month heads up before launching the network** (no sudden release and no mining before release) +- **Coins had no value for 1.5 years so they circulated freely** (this cannot even be replicated) +- **Satoshi never cashed out** (unlike every other founder in history and I bet it stays that way for eternity) + +Putting everything else about bitcoin aside, there will never be another cryptocurrency that is launched as fairly as bitcoin, for all of eternity, because bitcoin's fair launch cannot ever be replicated. Now that the genies out of the bottle and bitcoin is here, it's 100% impossible to ever have a cryptocurrency where the coins are circulating in the wild freely for 18 months before having any value. I also don't think that we'll ever see another cryptocurrency created where the founder never cashes out. +I am looking into starting to invest small amounts into Crypto Currencies. (£100 at a time sort of level) +I was wondering if some people would be able to answer some questions, or in most cases give recommendations. +I have read up a fair bit, and understand the risks and security of various wallet types, and the risks of trading in general. I am only investing small amounts that I can afford to lose. + +My Questions / Recommendations: + +1) Where to Buy / Trade? +Which exchanges would people recommend? I have looked at Coinbase, but heard they are expensive. Also seen Kraken and Gemini mentioned. It needs to be simple for me as a newbie. + +2) Investing in GBP (UK)? +I am in the UK. Making USD transactions will incur small currency charges from my bank. Is there a way around this - or a UK based exchange that would be better suited? + +3) Digital Wallets - I know the risks, but while still at low amounts, they are limited for me. Which iPhone wallet would you recommend until I (hopefully) get to a level that needs more security? + +4) How to get money back out (cashing out?)? +Lets say I buy £100, and in a years time it's worth £200 - and I decide I want to turn that back into 'real' money. How do I do that? + +5) Anything else you think I should know? + +Thank you all in advance! +Reposting this in its own thread as it was brought up in another: + +If you neglect to pay your taxes because "its not clear enough" or "to difficult" for you. The IRS wont be nice. The IRS now sees you as a criminal and works with you to make the process as quick as possible, so they can move on to the next. It wont be as easy as paying your taxes plus a fee. If you neglect years of tax payments IRS will go after those tax, a fee and also interest on all those payments. A small tax evasion can turn into a big hit. Take it from someone who has family that was in this situation when they were young and naive. + +People are being idiots. No one realizes its better to pay taxes now and be safe for the future. If 3 years from now the IRS declares like for like trades are not taxable or crypto isnt taxable, you will get all that money back in a refund. People keep saying let them come for me and do the work...no they wont. What they will do is due to lack of information, assume your starting base was 0. Contact the exchanges for your history and tax you on every single dollar. The idea that, if i cant even track my expenses, neither can the IRS is the stupidest excuse. You will also pay interest on every single dollar you made. + +**Yes odds are you wont be audited out of the chunk of investors evading their taxes**, but do you wanna play a losing lottery and be fearful that one day you might be picked? + +Head the warning. Dont try to play the system. + +**Edit: Underpaying taxes is not the issue. Neglecting to report them in general, is.** Just look at all the comments at the bottom of this thread saying theyre not paying. + +Edit 2: Thanks for the gold, stranger. +"[Uber Technologies Inc.](https://www.bloomberg.com/quote/UBER:US)’s board of directors has approved a $2.65 billion acquisition of food delivery rival [Postmates Inc.](https://www.bloomberg.com/quote/0132690Z:US) in an all-stock deal, expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter." + +Article: [https://bloom.bg/3iAlZv5](https://bloom.bg/3iAlZv5) +My mom is 63 years old, never paid taxes, makes $12/hr, barely makes ends meet, cannot afford a lawyer. The IRS just contacted her demanding $35,000 in back taxes. What are her options? State of WA. +So I've been planning for financial independence/early retirement seriously since my early thirties. Technically I reached my financial "goal" in 2013, but still wanted to stick to my target age of 50 (I reached that age in July). I decided to stick it out to the end of the year for the potential yearend bonus, but due to corporate restructuring I was let go with a healthy severance package to boot! I'm a single dad (grown up and gone now), I do not live an extravagant lifestyle, and do not have a college education. Let 'Life - Part II' begin!! +Sorry if this is the wrong sub, but I see lots of helpful job-related info on here, so I thought I would ask. + +Basically, from the ages of 16-20, I was a piece of shit who made terrible decisions. I ending up spending 5 years in prison. Shortly after I was released, I enrolled in college. Currently a junior majoring in computer science. 3.86 GPA. Will I be able to get a job in my field? Any advice is welcome. +I’m not a big poster but I put this together in response to someone saying that this time feels different. The source of the information comes from some literature I’ve accumulated. I would also like to say that this is a post on investing and not on trading. + +At the bottom of the market in 1987 (Black Monday you dropped 22% 10/19/87) you would’ve lost 29% of your portfolio. By the end of 1989 you would’ve been 25% higher than your peak portfolio value in 1987. +Missing the best days in the market (S&P 500) also substantially reduce your returns. For example if you were invested every day from January 1998 through December 2017 (sorry this year isn’t over yet can give you a number) you’d have an average return of 7.2%. If you miss the best 10 best positive days your return is only 3.5%. If you miss the 20 best days your return is just 1.1%. And if you panic and sell when things get bad and miss the 30 best days, just one months worth of the market over the course of 20 years you would have an average return of -0.9%. + +That’s the cost of dumping your stocks. +And just to be proactive to the criticism let it be known that buy and hold does not mean buy and forget. + +Update: so without the ability to tell whether today was a reversal or just a bounce, it was the single best day since 2009. +u/atobitt was on AndrewMoMoney's stream just a few minutes ago and he needs our help! We need to scour EDGAR for any connections to convertible bonds and any of the Citadel companies. He is putting together another DD. + +EDGAR lookup +[https://www.sec.gov/edgar/search/?r=el#](https://www.sec.gov/edgar/search/?r=el#) + +(I put this as news flair, but I really have no idea what to flair it as. I just didn't want to get killed by flairing it as "DD") + +Edit-1: I forgot to say, just post it here. I don’t know if he wants his messages blowing up. + +Edit-2: Ok guys I have gotten messages from a lot of people saying that he addresses convertible bonds in an edit of his last post. With that being said, keep looking for connections between Citadel (and their plethora of other companies, funds, llcs, and ltds). Austin specifically listed 7-8 companies in his “EVERYTHING short” DD (I can’t remember them off the top of my head, but they are there). There is a reason HFs and other institutions do this shady crap. + +The past few days I have gotten familiar with some financial jargon related to these filings, if you’re as interested in this, keep looking for connections. The great DD’ers are putting out A++ stuff, but I’m a firm believer in having more eyes on a problem. If you don’t feel comfortable (or the time) researching that’s completely okay and I don’t think anyone between Superstonks or GME would fault you. + +I’ll end with this, thank all of you smooth apes, wrinkly apes, wavy apes and all apes in between. I don’t really feel comfortable getting these awards, I haven’t done anything groundbreaking, but if we all work together even in the minutiae, we can accomplish anything. We may even write some Shakespeare by accident. #RunOnSentences +The wife and I are looking to buy a place for her mother that will turn into a rental in the future. my wife ended up applying without me... both our car loans are on both our names and same with our first mortgage, my wife also has about 20 hard pulls in the last 24 months from churning... she ended up getting pre-approved for five times her salary, despite already having her name on 1.2 times her salary in martgage/auto debt... If she were to buy a house for the loan amount she was approved for, she would have over 6 times her salary in debt... granted, I work too, but I wasn't on the mortgage loan she applied for. Banks are clearly willing to overextend credit. + +Moral of the story: Just because you are pre-approved for an amount, doesn't mean you can afford that amount. +I am soon to get married to my beautiful fiancée; however, last summer I purchase some bitcoins from my retirement fund and hard-earned money. Back then, she did not wanted to have anything to do with bitcoin, because she did not believed in it. Now that things starts to look diffiently and we are getting married, she want a guaranteed on a certain (yet to be determined) percentage of my bitcoin holdings, in case that we may get divorced. +We have bought a house together, however I am paying for 2/3 of the house, car, bills, child etc., so she will still get a nice payout from the house in case of a split. +So how many percentages would be fair to give to her? + +Edit: Typo. + +Edit Edit: We have been togetter for 6 years now and with a child between us. + +Edit edit edit: The final agreement is that she gets 5%. Case closed! +Between still waiting on ue and being out of work for a month, then coming back to work, worrying that once unemployment kicks in, i would be making more from that than my paycheck, i needed this. I clean cars for a living so its hard to consider myself essential. But i can't turn down a paycheck, so when i was called back in, i knew i had to make the best of it. A huge weight has just been lifted from life for me. At least for the time being! + +Good luck all and stay safe!! +Hi all, + +I'm not really sure what to do here. I've recently downloaded clear score to check my credit rating and found a debt to the value of £806 on an argos account which I never opened. + +I remembered allowing my mum to purchase 1 item for £105 years ago which she paid but has since maxed out the account in 2 years and not told me about it. + +She has bad credit score and has apparently done this to my brothers too, amassing to a total of £5,000. + +What can I do? Even though she has had credit score can I transfer this debt into her name or do I need to go through court with this? +Hi, + +I am in my late 20s (28) and I have found working from home to be a blessing but also at the same time boring. + +Pre-pandemic, I used to go work in an office five days a week which I enjoyed and learnt a lot from. But at the same time I hated the long ass commute driving 2 hours back and fourth. + +Now, I am working in a job that is literally a lot closer to home and I used to go in twice a week which I was very happy with as it allowed me to socialise with people and frankly allowed me to get work done quicker! + +My question is what have you done to make the most from working from home? + +Just trying to find things to do to become more productive and do things in my spare time which will either generate additional income or gain new valuable skills. + +Thanks +I wanted to pull some cash out for the weekend. It is over $10,000 as I’m looking at a travel trailer. I didn’t want to spend my cash on hand so I did a small personal loan with them till we figure out what the economy and inflation will do. (FWIW I did it all online and they direct deposited the funds, so this branch might have not known) + +After I verified my identity she asked what did I do for a living. Puzzled I replied honestly. When she came back on I asked her why she asked that and her reply was “we have to file the request per occupation, it’s not a big deal.” + +That didn’t really make any sense to me. I have been a customer since I was 18 (now 37). Anyone have any insight? + +Edit: This gained way more traction than I was expecting. Thank you all for the valuable information. Hope it helps others as well. +I'm not a smart 🦍 but I have been trying to understand the chain of responsibility between Brokers/MM/Clearing houses/DTCC. Found this in my searches, and it seems to address a lot of things we are seeing with GME. MM abuse of FTDs, oligopoly as a security becomes volatile and hard to borrow.... + +[PDF on the SEC site titled **"Failure is an Option: +Impediments to Short Selling and Options Prices +"**](https://www.sec.gov/comments/4-520/4520-6.pdf) + +Sound like things we are seeing with our favorite stocks right now? Anyone wrinkled want to read this over? + +A couple of excerpts that stood out to me enough to post this here... + +> The popularity of failing and the price improvements it provides short sellers +encourage us to step back and consider the economic case for delivery + +then we have + +> Thus, the cost of failing to deliver is the cost of a zero-rebate +equity loan plus the expected incidence of buy-in costs. **If this incidence is low enough, +then failing is a valuable alternative to borrowing the harder-to-borrow stocks**. We show +that the alternative to fail is valuable and key to the pricing and trading of options. + +and + +> We can see the advantage directly in the market maker’s shorting experience. +Half the time the market maker shorts a hard-to-borrow stock, it fails to deliver at least +some of the shares. **And it never accepts a negative rebate, always choosing to fail +instead.** This advantage could in principle be offset by frequent buy-ins, but we find a +very low frequency of buy-ins, executed with small price concessions. How much of this advantage does the market maker share? Estimating the market +maker’s trading profits, net of rebate reductions and buy-ins, **we document a significant +average profit.** + +oh and this gem + +> This favors the few highest-volume traders because, since their portfolios +turn over so much, their fails are rarely the oldest. **Thus, we hypothesize that option market competition tends to oligopoly as stocks grow hard to short.** + +A calculation on how it costs MM next to nothing for FTD + +> that the buy-in trades are executed at prices 0.53% worse than +the volume weighted average price (VWAP) for the given stock on the buy-in day. The +departure from VWAP is statistically significant but even so, if we assume that the +market maker pays the same 0.53% to put the short back on, the overall expected buy-in +cost is (0.12%)(2)(0.53%), or 0.1bp. **So the expected buy-in cost is, for our market +maker at least, vanishingly small.** + +And they REALLY focus on how clearing houses has unique ways of handling "special securities" (GME anyone) + +> **We hypothesize that the clearing corporation handles fails in a way that +favors higher-volume market makers, resulting in weaker competition when stocks grow +special.** + +oh boy, and it looks like bigger MMs have to buy-in A FUCK TON less than the average: + +>Finally, we can see directly that **our data supplier experiences an abnormally low +incidence of buy-ins on its fails**. On the average day, across the 502 sample trading days, +this large market maker is failing on 4.4M shares. This is about 1.75% of the ~250M +fails on all NYSE/AMEX/NASDAQ stocks on the average day, in Boni (2005) (see +Figure 1 of that paper). In Table II we see that our market maker experienced 86 buy-ins +across the 502 days, or **about 1/6 buy-in per day**. If this is about 1.75% of buy-ins, we +should see about 10 buy-ins per day. But the DTCC reports more than 4,300 buy-in +notices per day, and the fraction of notices that result in buy-ins is presumably greater +than 1/430. **Thus, our data provider’s fails appear relatively unlikely, compared to other +traders’ fails, to beget buy-ins.** + +**CONCLUSION** + +> IV. Conclusion + +> We show that the option to fail is significant to both the trading and pricing of equity +options. **We show that it is often in-the-money, and that when it is, market makers profit +and so do their customers** + + +Can I get a Silverback in here to help wrinkle my brain on this? +[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! +As we all know the fellow retard who recommended we buy GME instead of wasting money on reddit awards and we proceeded to bombard in true WSB style. + +I added up all the individual awards and the costs as of the time starting there was 4990 awards. + +Turns out a total of 2,411,187 coins had been spent on awards, this equates to $7670.49 at the standard reddit price of €214.99 for 82000 coins. (converted to dollars using current rate) + +This could have been 407.1 shares of GME or 325.7 shares of Pltr at current prices. + +Edit-updated to dollars from euros for the simpletons + +I'm glad I was part of this special moment. + +Congratulations retards, this is de way 🚀🚀🚀 +So this morning we announced uber was sponsoring #BitcoinBeltway with free rides using promo code BITCOIN. + +Our UBER contact emailed shortly after that she was shocked at how many people were already using the code. I told her she has no idea how much bitcoiners love UBER. + +Think we could turn the heat up on that promo code? + +Uber.com/go/bitcoin +The pay is the best I have ever made in my life, but I'm completely new to this way of getting paid. The consistency in checks from other employers and maybe the occasional bonus has made budgeting monthly come much more easier. + +With the base and the stocks and the quarterly, I'm struggling to figure out how to properly budget to make the most of my total compensation. + +We are looking to buy a house in the upcoming months, so budgeting for a mortgage, car payments and bills needs to be very set and stone in order to get some control and peace of mind. + +So I ask, how do YOU do this? What is your method? Do you have financial advisors? Any tips and/or advice will be greatly appreciated. +I've been out of school for nearly a decade and am getting nowhere working random jobs. I need a more stable situation with benefits and what not so I've decided to go back to school. I've already made a FAFSA account and am waiting to be approved in the next 1-3 days. I'd like to focus solely on school if possible. + +What kind of options are available for me? How often do colleges expect payments? +First, thank you to all of you who continue to send me messages about your gains, and that my posts have inspired you to dig a little deeper before taking a position on a ticker. I do, wholeheartedly, get a kick out of helping others. Thank you for the support, the offer of beers even though I don't drink, and the pizza that should never have pineapple on it. + +Also, I'd normally post 30-45 minutes before market opens. Today, I felt it best that you have ample time in doing your own due diligence. For those that wonder, I scanned through 30-35 tickers via my screening process, and then due diligence, to find ONE that I am interested in. If someone suggests a ticker to me, the first thing I look at is recent volume. What I DO NOT WANT TO SEE is a huge spike in activity days or weeks ago and the price has gone up exponentially already. Those shareholders can dump on you in a flash. This one I am writing about has almost no volume whatsoever, and I don't see any spikes of loading. That, to me, is attractive. + + +**Boomer Holdings Inc. [BOMH]** - [OTCQB Member Since December 2020](https://www.otcmarkets.com/stock/BOMH/security) + +- Authorized Shares: 200,000,000 +- Outstanding Shares: 155,000,000 +- 2-21-2021 Per Share: $0.585 +- Market Cap: $90,846,002 + +Boomer Holdings Inc. ("Boomer"), www.boomernaturals.com, a company headquartered and organized in the state of Nevada in 2019, is a leading developer and omnichannel marketer, distributor and retailer of a proprietary line of wellness products that are infused with a proprietary and patent-pending formulation called CB5, among other proprietary formulas currently progressing through R&D. + +Boomer partners with a multitude of participants in the sports, health and wellness, beauty, skin care, branded consumer and retail sectors to produce and deliver innovative products targeting both the baby boomer and pet markets. All products are third-party lab tested by batch run and all ingredients are Generally Recognized as Safe by the Food and Drug Administration. The company carries a PPE line that features 30 day Reusable Nano-Silver Masks and Gaiters. + +The operating company is called Boomer Naturals. Boomer Naturals’ products are available online at BoomerNaturals.com, Boomer Naturals retail store as well as CVS, Tommy Bahama retail locations, TommyBahamaWellness.com, and resorts and golf shops across the country. + +Initially, the CB5 launch with Tommy Bahama was scheduled for early 2020 but COVID hit and put a damper on their flagship product and product launch. This forced Boomer to pivot into the PPE arena, and for their 1Q that ended October 2020, they reported $28.8mm in revenue with a net income of $7.5mm. Recent guidance has anticipated $100-115mm in revenue with $25-35mm in net income for 2021. + +**Current market cap is below one year anticipated revenues, and with 1Q reported at $28.8mm, I am confident that we will meet or exceed guidance.** + +**Partnerships and Agreements include:** + +- CVS Health / *Face cover supply for all US retail locations* +- Tommy Bahama / *Co-branding partnership* +- Core-Mark / *Distribution agreement* +- Aetna / *Supplier of PPE products* + +**Debt: $2.5mm open line of credit / $2.2mm in convertible notes** + +**OPINION:** +Again, I don't offer a target price for you. My only opinion here is this is undervalued, and not just by a little bit. One risk to consider is the face masks are the major leg to their current revenues. As the demand for face masks taper, this could impact revenues significantly in 2022 and beyond. + +Giang Thi Hoang, the Chief Operation Officer, is the reason this is all happening. She worked 15 years for Vietnam Eximbank, directly reporting to the CEO, as Marketing and Public Relations Executive. Eximbank finances import-export business, among other things. + +Vietnam is where the manufacturing facility is, and from my understanding, Ms. Hoang's relatives own the manufacturing facility. There is a relation there but I've been unable to accurately connect those dots. Regardless, the relationship between Boomer and Vietnam looks like a win-win. + +**GROWTH:** +For continued growth, Boomer will need to use the PPE opening with their current partners to cross-sell into the CB5, Boomer Botanicals, and skin care lines. CB5 is a CBD alternatives, utilizing terpenes. Again, this is not an area that I am very familiar with, but their target market is the aging baby boomer and I can see how that market segment might be against CBD under its close relationship to marijuana, but open to an alternative if it can produce same or similar relief. + +[Company Investor Presentation](https://www.otcmarkets.com/filing/html?id=14697396&guid=xQGaUqpnMvHeZth) + +If anyone has something negative, please share. Upon a reverse merger about a year ago, they began trading on the OTC and uplisted to the OTCQB in December 2020. Possible to be a Nasdaq uplist but I have not seen any announcements about that. + +**PREVIOUS ALERTS** +$OPTI $JNSH $CBDD $KAVL +*tired of including the links but you made a ton if you bought when I first posted* +My girlfriend has recently moved into a new flat and gone with an energy provider (Utilita) that has no standing charge in their plan. My understanding is usually these charge slightly higher unit rates to account for this. However, with the current price cap, does this mean that they would charge the exact same? From the bill the unit rate ex-VAT I see is ~26.67 which under my understanding is the capped rate for the area under a standing charge included plan as well. + +It seems to me quite simply better to go for one of these suppliers at the moment and save the standing charge amount... is there something I'm missing here? +Basically I bought a whole bunch of call options at $.01 and it immediately jumped to $.02, I hastily fumbled my fingers and clicked “buy” and fulfilled another order instead of selling for a clean 100% profit. Of course it went back to $.01 by the time I realized what happened and now I’m in the red, sitting on a bunch of stagnant $.01 options. +It got me thinking, who else has any stories about losing money on an investment because of a stupid mistake? +Hello guys, I have a quick question. + + +I'm want to invest long-term in accumulating ETFs (VWCE) through Interactive Brokers. However, before buying I have to decide on: +1. ORDER TYPE (Limit - Market - Stop - Stop Limit - Market on Close - Limit on Close) +2. TIME IN FORCE (Day - At the Opening - Good Till Cancel) + + +My question is what do those mean, and which one should I choose? + + +Greetings +Hi guys. + +I would appreciate it if I could get a bit of advice on how and in what to invest. + +So, Because of higher returns in a shorter time span, I've started to consider investing in 21shares ETFs/ETPs via Degiro platform (Xetra-listed shares). + +At the moment, my plan is to try with this ETP: + +https://21shares.com/product/hodl + +Basically, it follows 21Shares Crypto Basket Index composed of 5 top-ranked cryptocurrencies (based on 2050 market cap prediction), it is revised monthly and it just follows the price of currencies indexed, it doesn't hold any physical crypto itself. + +My questions are: + +1. Should I give it a try? +2. Should I invest in some other 21Shares product, for example, to invest just in Bitcoin or Ethereum tracker +3. Should avoid this thing in total and stick to investing in conventional shares-and-bonds ETFs? + +The reason why I'm considering investing in crypto ETFs is to achieve better returns on investment in a shorter time span while being more or less diversified. + +Thanks. +Hey guys, + +I'm a french citizen, I've been with IB for almost a year now and I had a great experience with them till just about now, so I'm considering changing brokers. + +I trade exclusively international stocks and sometimes penny stocks so I need a broker that have a big selection of stocks. Do you have any suggestions for a great broker that works in France? + +Thanks so much! +Might be a really stupid question but... + +So I'm investing in the distributing ETF, that is paying out dividends quarterly. + +Normally I put around 500 EUR monthly there (well it is normally in the range of 510-530 EUR since the price is changing I can't buy a fraction of share and I usually buy 7 shares per time). + +So now I received the dividends of 52 EUR and want to reinvest it with the next buy. + +So now I'm a bit confused - should I now buy for 500 EUR (510-530) + 50 EUR? 50 EUR doesn't cover the price of 1 share, so I will need to add some more to the principal amount (let's say 550 EUR + 50 EUR dividends). Is it how it supposed to work? Or should I don't reinvest until the dividends can actually cover the price of the share? Am I missing something? +Hi everyone! So I am an EU citizen and Im registered and work in the Netherlands for a Netherlands based company. However, since I can work remotely, I will like to spend a fair amount of time in Switzerland, from where I will work remotely (I can spend up to 3 months of consecutive stay) and until now, I’ve stayed 2 and a half months. How much, if so, I can stay in Switzerland without being asked to pay taxes (183-day-rule?) and how they keep track of this (is it done though passport checking etc)? Is the 183 days have to be at one go, or whenever I go back to The Netherlands it zeros out? + +Probably worth to notice that I do not rent any apartment or hold any assets there, just visiting my girlfriend. Thank you! +Hey reddit, I recently got a bachelor's degree in software engineering and started working full-time. I'm currently still living with one of my parents and I'm not paying for any rent or utilities, just groceries, my phone bill and health insurance. I don't own a car. + +I currently earn about 2100 a month before taxes (much too low, but I don't plan on staying for too much longer). I could probably bump this up to around 2800 when I switch jobs in the near future, based on various offers I was made. + +I currently have about ~5k in savings and a student debt of ~10k (interest-free for at least a few years) + +There's two goals I want to achieve in a relatively short term, though I realise there's a decent chance I have to give up the second. + +1. I want to get a place of my own ASAP. However mortage rules are tight as hell, meaning that even with a new job I can get only get around ~170k. I'm not looking to live in a mansion, I like living small without owning a ton of stuff, so a small but decent apartment outside the city should suit me fine. But even these seem out of my price range in the region where I live (Eindhoven). + +2. I want to buy my dream car for weekend drives and road trips. It's about 25k for a decent used one and maintenance / running costs are about the same as a regular old family car, so the only hike is the purchase price. I won't be using it to get to work, so relatively low yearly mileage. I want to achieve this as soon as possible without fucking myself over financially and enjoy it as soon as possible than wait until I've got a midlife crisis. + +I'm not looking to retire early at the moment, because I enjoy programming a lot and would rather reduce working hours over the years. + +In case I'm going for a mortgage and buying a house, I have this plan in mind: + +1. Get rid of the student debt ASAP. I can save around 70% of my income without living too frugal (my girlfriend lives with me and pay for food for her as well), so I should be able to do that this year if I'm willing to throw some savings into it. + +2. Save as much as possible and max out income and/or get lucky in the real estate market. + +3. Not sure how I can afford the car in this situation within a reasonable timespan. + +In the case I'm going to rent a place; + +1. Don't get rid of the student debt as long as it's interest-free. +2. Rent decent place for not too much money. +3. Get a relatively short-term (36-48 months) short-term loan to finance about half of the purchase, and pay it off earlier if possible if I gain additional funds (tax returns, bonuses etc). + +3rd option; Save to the max and get the car without a loan. I can easily stay another 5 years, but I'd like to move out sooner rather than later. + +Disclaimer: I know taking a debt on a depreciating asset is a dumb idea in general. It's not an investment in a business or as a mode of transport to get to work (I do just fine on a bicycle), but it's something I simply want as a life-goal and a hobby. That's why I want to own the car myself as soon as possible instead of leasing it or getting a long term debt on it. + +I'd love to hear any tips, advice or comments on anything I might have missed. If I'm being plain stupid, please do tell me as well! + +I have been investing is ETFs for the past 8 months predominantly. I am looking to dabble (meaning invest minimally such that I wouldn't mind losing the money) a little bit into individual stocks. + +I was looking at some individual stocks that are not part of my current ETFs portfolio. They turned out to be companies in Mexico, Hong Kong that my broker only supports investing in through ADRs. + +While I was able to find out what ADRs are, how they charge fees etc. I was not able to find any information on any tax implications that might be different or any disadvantages of investing in them. + +I already invest in US domiciled ETFs, have a W8BEN and understand that I am paying taxes on them in US. + +Anyone here who knows more about ADRs to help me grok the pros and cons? Or if you have a pointer to more information would appreciate that too. + +Thanks! +Hello Guys, + +I wonder why in a lot of threads here, people advise to invest in VWCE/VWRA which follow the FTSE All World index instead of ETF following the MSCI World ? + +&#x200B; + +After some research, I noticed that FTSE All world index includes Developped Country and Emergent country. On the other hand, MSCI World Index tracks only Large and Mid Cap of Developped countries. + +&#x200B; + +I agree that because of VWCE/VWRA includes more stocks of many differents countries can mitigate the risk but in the other hand the return is "less" than a MSCI World not only a little. + +There is many reason to this, because governement and central Bank of developped countries like FED and BCE inject a lot of money though the QE etc but emerging countries can't afford those kind of plan to help their economy. + +Also the GDP of a country is not necessarly link company, I mean that in developped countries we have a lot of strong companies that is not the case in Emerging countries. + +&#x200B; + +Because of all that, MSCI World got better return than FTSE All world and that since many years. + +To finish, I guess if an emerging country developped itself it will finish to leave the emerging index and be part of MSCI World. + +So why invest in VWCE/VWRA instead of MSCI World's ETF ? +Hello Guys, + +I wonder why in a lot of threads here, people advise to invest in VWCE/VWRA which follow the FTSE All World index instead of ETF following the MSCI World ? + +&#x200B; + +After some research, I noticed that FTSE All world index includes Developped Country and Emergent country. On the other hand, MSCI World Index tracks only Large and Mid Cap of Developped countries. + +&#x200B; + +I agree that because of VWCE/VWRA includes more stocks of many differents countries can mitigate the risk but in the other hand the return is "less" than a MSCI World not only a little. + +There is many reason to this, because governement and central Bank of developped countries like FED and BCE inject a lot of money though the QE etc but emerging countries can't afford those kind of plan to help their economy. + +Also the GDP of a country is not necessarly link company, I mean that in developped countries we have a lot of strong companies that is not the case in Emerging countries. + +&#x200B; + +Because of all that, MSCI World got better return than FTSE All world and that since many years. + +To finish, I guess if an emerging country developped itself it will finish to leave the emerging index and be part of MSCI World. + +So why invest in VWCE/VWRA instead of MSCI World's ETF ? +So I started writing down my expected expenses to see what I could afford with which job, and was surprised by how low the total was. Now I'm wondering what I'm missing, if anything. + +I'm in Germany, but cost of living seems to be very similar in France, Benelux and Southern Europe. + +My assumptions for monthly expenses: + +\- 15% of salary goes to retirement savings + +\- 750€ rent (50 sqm apartment for 15€/sqm) + +\- 200€ utilities (heat, electricity, wifi etc.) + +\- 150€ food + +\- 80€ on a public transport ticket + +\- 100€ depreciation (for irregularly bought items like electronics, furniture, clothes) + +\- 50€ on fixed costs like phone contract and insurance + +\- 50€ for other basic stuff + +With a net income of 2500€, that would leave me with over 700€ a month of "fun money" to spend on whatever stuff I want. Since plenty of people earn more, what do you do with your money? From your experience, what else would you be spending money on? 700€ in fun money already seems like a fairly decent amount to spend on going out, hobbies, vacations etc. + +Edit: I live alone and expect that additional costs for kids will be covered by my partner. +Greetings! Currently I'm using HSBC (not online of course) so I was thinking of moving to an online account because the application is horrid of HSBC and I have heard good stuff about online banks. + + +I want a bank that has a decent mobile app where I can see the current spending for the month, maybe have virtual cards and set spending limits. Preferably zero fees to maintain the account but I will consider otherwise. live in the UK but frequently travel to Greece so if there's a way to convert currencies at a good rate then that's a plus but my friends told me bank accounts like Monzo or N26 don't do it. Thank you for your time! +Hi reddit, + + +10.5 years ago one person lend me 60 GBP, I can finally repay him. I would like to repay in euros. Considering the time, inflation and what not, what is the reasonable amount? How would I calculate it in the future? + +&#x200B; + +Thank you in advance. +Hey guys + +I'm a 23 yr old guy from Europe and I'm looking for advice. Currently I have about 2k ready to invest. Also I'm ready to invest about 20-30% of my paycheck every month. Now, I was thinking about dumping all my money into S&P500. I know that this is probably the safest option here, long term wise. But my question is, should I diversify my portfolio more? Or is investing into one index enough? The other options are probably VTI or/and VXUS. Let me hear your thoughts :) Thanks +So, I have a very specific situation because I am from country that is not in the EU and doesn't have SEPA transfer available, nor is Revoult supported. + +So if I want to go with IB (since local brokers are expensive as fuck + unreliable) I'd have to use bank transfer. Almost all bank transfers in my country cost the same. + +So bank transfer is: 10 EUR (fixed) + 0.5% of the amount sent. + +To give you an example if I were to invest 2000 EUR, I'd pay 20 EUR fee. That is the only option, trust me I looked into everything else. +Tax in my country is 15% after you sell (dunno if this is high or low). + +I would invest in VWCE, and I believe that for 2000 EUR, I'd pay 1.5 euros in fees. + +I could save 500 EUR per month, I have very decent salary for standards in my country, but when I gain experience and get a new job this could potentially be higher. + +Obviously I would pay less in fees if I invest 2000 EUR every 4 months, rather than 500 every month, but still I'm missing out on the growth so that's what's bugging me if it is even worth it to invest. + +One more question, assuming numbers above my transfer fees would be 1%, if annual returns are 6-7%, does that mean that I'd "gain" 5-6% annually or is math not that straight? + +Hopefully somone could tell me if it would pay off in the end, or if there is some kind of app that could calculate it for me. + +Thanks! +I currently live in the Netherlands. I live in cheap studio apartment near the city centre for 750 euros(independent and not shared). Let's say I make 52k euros per year. I also have thirty percent ruling for three years. + +I am a software engineer. I may move to one of Glasgow, Manchester, Leeds, or London. Probably not London because the rents are sky high. If I am not wrong UK taxes 20 percent of your income. So tax is already a lot lower than the Netherlands? So I wouldn't lose much even if I left the thirty percent ruling. + +Can someone please tell me how much of a financial hit or benefit I will get by moving to UK? +Hello, + +I'm new in the investing world and i really need to hear some of your opinion and comments. Maybe some advice. + +I'm 25 years old, live in Belgium and have an 20-25 years horizon. + +Here is my ETF portfolio + +VWRL 70% + +EMIM 15% + +IEGA 7% + +TNO 5,5% + +IS0E 2,5% + +Thank you in advance! +Has anyone got access to the full article please? Please paste in comments if you do. Thanks + + [GameStop’s Most Loyal Shareholders Are in It for the Long Haul, Not the Memes - WSJ](https://www.wsj.com/articles/gamestops-most-loyal-shareholders-are-in-it-for-the-long-haul-not-the-memes-11622971801) +# Background + +Coming from an engineering student who was financially illiterate until a few months ago. So pardon me if I go wrong somewhere. + +I bought an LIC policy with the following details: 21735 yearly premium for 22 years, then no premium for 4 years, then I get 13.37L lumpsum. I calculated the interest it was generating as around 7%. Will put the details of the calculation in the comments. I might have made a small error, but still the interest should be between 6.5-7.5%. + +# Question + +The policy gives a guaranteed 7% return for 25 years. Currently, this barely beats inflation if at all. Assuming that as India moves towards higher income, inflation, growth and interests would fall, doesn't a guaranteed 7% return become a decent option for retirement planning? + +To clarify, I am not saying this is a better option than mutual funds or other more 'risky' alternatives. I am just saying that **if** India were to see a decreased inflation rate, this would become a better investment as compared to present times. + +Edit: Solved! Turns out not all of the returns are guaranteed. +So I work in banking so quite familiar with finance in general. Most India focused podcasts/ YouTube channels are meant for the average listener so it's a bit "dumbed" down.. + +Is anyone aware of ones which give updates on the market/strategies to follow etc but without the dumbing down effect + +Thanks +Welp..I have a confession to make: I'm a dinosaur in the trading world. + +I still point and click. I make money, but I could make way more if I just knew how to code. +It's not that I want to get into HFT or something, but market activity is more spread out throughout the day and I just cannot sit in front of the machine 20hours and commercially available stuff just doesn't cut it. + +Somehow I have to start....but where? Which language should I begin with? Phyton? + +In the first place it's not about analysing big amounts of data, but rather sending orders and managing positions. I have ideas, I know how to price stuff, I see the opportunity, but I cannot grab it, because I'm either too slow or I can't execute 2000 tiny trades over the course of a day. + + +A lot of you guys probably started coding first and got into trading later, so programming languages are easy for you to learn. + +But for me...I cannot even install a piece of software from GitHub. +How should I go about it? + +If I come to the conclusion that I will never be an algotrader, that's ok. But at least I can hire somebody to code for me and understand what he does. + + +Thanks guys +As per title. + +The Yahoo Finance API I'm using doesn't give TTM EBIT values, but I do have the last 4 quarterly values. When I sum them I get a different value to the EBIT TTM value listed on their website financials (I don't know why this values isn't query-able!). + +Is it mathematically/financially sounds to sum last four quarterly values to get the TTM? +Hello all, + +I'm interested about algorithmic trading: I know nothing of trading but I'm proficient in python and my stats, although rusty now, were not bad at one time. + +Of course, I plan to learn trading at my pace, and don't plan to spend more money that I can afford to loose (which is frankly not a lot). So I want to start by training myself on historical data and live data, but with real fees, transaction costs, transaction time etc. + +However what interest me the most is the algorithmic part of the work, not building the infrastructure around, so I would like to use an existing tool or a tutorial explaining how to get these information from a broker. Ideally the broker would provide a demo account allowing me to interact through an API as if it was a real account. Does that even exist ? + +Since I do not really expect to make money, I can pay a little for a service but not too much. + +I'm in Europe if it can help + +Thanks ! +Hello, + +Friends and I started an algotrading fund recently. We are running a profitable system in cryptocurrency futures. + +We are running into a problem where our position sizes start to become big in relation to the order books. Furthermore, we are closing in on the maximum position size allowed by the marketplace. + +My question is, what are our options should we want to test the waters outside of crypto? Are there many places which have order book liquidity of over $100M at around 20 pips afar the market price? What is needed to register to markets like these? + +Our trading strategy operates as market maker, and our real-time software is able to handle high leverage. + +Googling and asking around suggested that we should look into EUR/USD forex and oil futures. However, this is only half of the question, as we also need to find a place where to trade them. + +Any suggestions where to do algorithmic forex trading and/or oil futures as market maker? + +&#x200B; + +Thanks in advance! +My machine learning model currently classifies relative profitability of 1 or two leg options positions for a dynamic basket of 50 stocks with the most liquid options according to Quantcha liquidity ratings. I have access to closing bid and ask prices for the actual contracts. With limit orders filling at the midpoint between bid and ask, my strategy looks unrealistically profitable. Using market orders (which I would never do in practice), it looks like a rapid way to lose money. + +Anybody here have a solid rule of thumb for slippage when it comes to backtesting options strategies? + +I apologize for adding another “help me with this” post to this sub instead of something more interesting! + +Thanks in advance +Having spent a year or so, trying different things, maybe not so systematic and eventually getting more systematic, I'm wondering for the veterans, have you been using the same strategy more or less throughout the years? + +How 'hot' is your pipeline of strategies to test or are your strategies born out of serendipity? +Can I get a quick sanity check here from the experts? I've been dabbling in options trading for the past year or so, typically buying calls. With all the volatility around GME I decided maybe I should try and sell some covered calls on shares that I own and I want to make sure I'm doing this right. The language around options trading always trips me up and I don't want to accidentally do something stupid. Here's my trade ticket from Fidelity: [https://imgur.com/VgvBU5s](https://imgur.com/VgvBU5s) + +What I want to do is sell 1 call option on my 100 shares with a strike of $500 on 4/23 and I set a limit price of $4.00. In my head, here is what I believe happens when I submit the order: + +1. When someone buys my call option I will immediately see $400 in cash show up in my Fidelity account. +2. On market close 4/23 if GME is below $500 the option expires worthless, I get to keep the $400 premium and my 100 shares. +3. On market close 4/23 if GME is at or above $500 the option is in the money and my 100 shares of GME get sold for $500 each to whomever bought the option and $50,000 will show up in my account for the shares. Total profit would be $50,400. + +The thing that REALLY trips me up on the trade ticket is the "Max Loss UNLIMITED" at the bottom. I'm assuming thats there because if the price of GME is at $10,000/share (or Infinity!) on or before 4/23 I've lost the opportunity to sell my shares for that price? + +Thanks in advance for the help! +I have seen so many posts about buying the dip, that this dip will be over tomorrow, about how this is a fire sale, etc. + +Just be careful buying crypto. Nobody knows if this is the bottom or not. Bear markets usually last longer than a month. And it seems like it goes down, goes up, goes down more, goes up, and goes down even more. + +I’ve been buying the dip and I bought a bunch of ethereum today at $1900, doubled my position. I’m very careful though in case it does dip lower. + +Think about how low prices will be if bitcoin hits 20k. Now think about if you’re willing to wait that out. Who knows if we could ever see bitcoin at 60k again. I think we will but who really knows. + +Just be careful and make sure you don’t invest more than you can handle. Try not to listen to everyone on Reddit. A lot of these posts are just people trying to get validation about their holdings. Most people on here know nothing. +Tl;dr: Let's focus on bitcoin specific services and utilities rather than trying to spend bitcoin at places that already accept fiat, and expecting everyone to pay a bitcoin tax to convert their money on top of purchasing the product. + +Everyone here gets excited when existing businesses accept bitcoin... Why? This will make no difference except to those who bought in two years ago and have thousands of BTC to spare. + +Answer me this; why would anyone want to go to the trouble of converting their money at cost just to spend it at the same places they could just spend their normal fiat? Normal people are not going to be interested nor see the point in doing that. + +Instead; let's start building and concentrating on creating online services and functions that fiat money just can't accomplish. Recently I posted about using piiko to recharge my foreign mobile phones, a service that bitcoin excels at. MMORPG games are ripe for the picking for anyone that has the programming skills to put in place a bitcoin system. + +Bitcoin is programmable money! But so far we have barely begun scratching the surface of what can be done with it; lets get more reasons out there to actually buy bitcoins rather than just trying to get the places that already use fiat to accept it and expecting people to pay an extra bitcoin tax to buy things they could just as easily use fiat for. + +EDIT: just to clarify again that my main point isn't that I don't want to pay with bitcoin at all*, it's that I couldn't give less of a shit whether places like Starbucks accept bitcoin or not. That's not worth paying a conversion cost to buy bitcoins for me at this moment in time. + +I am far more interested in services that wouldn't work WITHOUT using bitcoin, such as piiko or using bitcoin in gaming or forum tipping. + +*apologies for slightly sensationalist title, I'm just trying to generate some debate here +https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html + + + +I am politically neutral, I have my likes and dislikes with both recent presidents - Obama and Trump. But we can't deny that Trump is forcing some changes in U.S. relationships with other countries for better or worse. IMHO, not taking leadership in environmental protection (worse) while taking a harder stance on trade (could be good). + + + +If Trump did not push for tariffs, China would not have said we will try to import more. We can't keep doing the same thing and expect different results. Peter Thiel is an advocate for contrarion thinking. + + + +In my mind, the goal is not to reduce overall trade deficits with the rest of the world, because we are already borrowing and spending more than we produce (low unemployment rate as well). + + + +The goal should be: +1) Open up markets to American companies. For example, tech companies like Facebook don't really have to produce more, their product/service is highly scalable (ignore the recent scandal for a moment) +2) Punish bad actors for stealing trade secrets +3) Finally, making sure we are using money we are borrowing (deficit) to invest in future higher returns. E.g, automation and such and not using it to restart outdated coal mines/plants. + + + +"If you want to have a better performance than the crowd, you must do things differently from the crowd." - John Templeton + + +https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html + + + +I am politically neutral, I have my likes and dislikes with both recent presidents - Obama and Trump. But we can't deny that Trump is forcing some changes in U.S. relationships with other countries for better or worse. IMHO, not taking leadership in environmental protection (worse) while taking a harder stance on trade (could be good). + + + +If Trump did not push for tariffs, China would not have said we will try to import more. We can't keep doing the same thing and expect different results. Peter Thiel is an advocate for contrarion thinking. + + + +In my mind, the goal is not to reduce overall trade deficits with the rest of the world, because we are already borrowing and spending more than we produce (low unemployment rate as well). + + + +The goal should be: +1) Open up markets to American companies. For example, tech companies like Facebook don't really have to produce more, their product/service is highly scalable (ignore the recent scandal for a moment) +2) Punish bad actors for stealing trade secrets +3) Finally, making sure we are using money we are borrowing (deficit) to invest in future higher returns. E.g, automation and such and not using it to restart outdated coal mines/plants. + + + +"If you want to have a better performance than the crowd, you must do things differently from the crowd." - John Templeton + + +Decentr ( $DEC ) + +&#x200B; + +This is going to be the next 50x defi project. The idea is huge-monetize your own private data. Current Market Cap just under 5 million. This train is leaving the station soon. + +&#x200B; + +Description: + +Decentr unlocks the value that data holds by providing three services. First with the DEC token it projects the value of user data, platform data and lending data (more can be found in the “ Token Utility” section). Second through its dEX it provides a platform for the exchange of data for fiat (using the DEC token).Third through its dWallet it will allow users to buy products and services online, cheaper, but also take out loans through dLoan with impressive APR. + +&#x200B; + +Basic information: + +Token: DEC + +Seed : 1 DEC= 0.01 USD + +Private sale Price: 1 DEC= 0.0141–0.02 USD + +Public sale Price: 1 DEC= 0.022–0.03 USD + +Total money raised: $1,224,650 + +MVP: Q1 2021 (The latest) + +Platform :Ethereum + +Total supply: 1,000,000,000 DEC + +Tokens sold: 7.15% + +Initial supply: 61,500,000 DEC (no new tokens from any token tranche entering the circulating supply until 2021) + +Release date: 13th of July 2020 + +Token type: Utility + +Additonal information: [https://medium.com/@DecentrNet/decentr-token-sale-metrics-and-distribution-483bb3c58d05](https://medium.com/@DecentrNet/decentr-token-sale-metrics-and-distribution-483bb3c58d05) + +&#x200B; + +Partners: + +Holochain + +Blackedge Capital + +Bisite + +PTechnology + +&#x200B; + +Token utility: + +DEC is the fuel of the Decentr Deconomy. DEC captures the value of user data, and activity of all users on the platform performing payment (dPay), lending or borrowing (dLend). A deeper dive on dLend and dPay can be found here. + +The DEC token is used on the Decentr platform for (and for now) - + +A tradeable unit of value that is both internal and external to the Decentr platform + +A unit of conversation between fiat entering and exiting the Decentr ecosystem + +A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e A way to peg PDV to tangible/actionable value + +A method of payment in the Decentr ecosystem + +A method to internally underwrite the “deconomy” + +Decentr has a recent legal opinion that the DEC token is a utility token and is not a security token. + +&#x200B; + +There is alot of info to unpack here but you can read more here: + +[https://medium.com/@ioannissourdis/two-bright-stars-in-the-defi-universe-part-2-decentr-b8082fb9e7ca](https://medium.com/@ioannissourdis/two-bright-stars-in-the-defi-universe-part-2-decentr-b8082fb9e7ca) +I’m sure by now you all know about LTO Network but in case anybody doesn’t, here’s a summary of what they look to achieve: + +Most blockchain projects focus on financial transactions utilizing Smart Contracts. However, this leaves an enormous B2B market untapped. The benefits those parties are actually looking for in blockchain technology are reduction of costs on paperwork, administration, and so on. They need a way to automate processes — not within, but amongst organizations — in a trustless way. They need a level playing field. This is exactly what LTO Network provides. By combining private and public layers, it allows organizations to meet GDPR and data privacy requirements, while preventing the scalability issues typically associated with blockchain projects. + +And here are their impressive clients: + +-MSeven is a real estate property fund and asset management business operating in 13 countries with 8.1 billion GBP of assets under management. + +-CMS Law is a multinational law firm headquartered in London, England. With revenue of 1.15 billion GBP in 2017, it has over 250 partners and 73 offices across Europe, the Middle East, South America and Asia. + +-Heineken, with revenue of 21 billion EUR in 2017 and approximately 73,000 people employed, Heineken is one of the world’s largest brewing companies. + +-Generali with revenues of 68.5 billion EUR in 2017, Generali is an Italian insurance company, the largest in Italy and third largest in the world. + +-Cemex is a Mexican multinational building materials company. With 18 billion USD of revenue in 2016, it manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. + +-Stena Line is one of the largest ferry operators in the world. With services serving Denmark, Germany, Ireland, Latvia, the Netherlands, Norway, Poland, Sweden and the United Kingdom. With 5000 employees and 12 billion SEK in revenue in 2015. + +-Deloitte is one of the "Big Four" accounting organizations. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 286,200 professionals globally. In FY 2018, the network earned a record 43 billion USD in aggregate revenues. + +-Damste Notary, Hekkelman Notary, Lint Notary, and 20 more notaries firms + +-Euronext is the largest stock exchange in continental Europe with 1,300 issuers representing a 3.8 trillion EUR market capitalization. + +-Merin is one of the largest commercial real estate platforms in the Netherlands, with a portfolio of more than 100 offices and industrial assets located around the country. + +-Dekra is a European vehicle inspection company with approximately 36,000 employees and revenues of roughly 1.9 billion EUR, DEKRA is the largest inspection company in Germany and the third-largest in the world. + + +This medium article is also pretty neat - https://medium.com/ltonetwork/ibm-watson-lto-network-to-speed-up-small-criminal-cases-by-400-22ddc80b9178 + +Troll bridge: + +They have a pretty cool structure in that ICO buyers are disincentivised from selling in that they must pass over a ‘bridge’ which for 6 months will burn 42% of their transfer. This means no post ICO dumping that we see on a lot of projects. Going the other way - people are locking their tokens for use on the mainnet and staking. + +Current circulating supply: + +33m + +Market cap: + +$2m + +Exchanges: + +Idex, Bitmax (surprisingly nice exchange and partnered with LTO) + + + +Hi Reddit, + +This is something that has been keeping me up at night. I feel like a total and utter failure financially. A little background: + +I am 29 years old, newly married. I own 2 businesses on my own, which are quite successful. I have a lot of media presence, even with some of the biggest financial media groups in the world, no lie. However, all this is a sham, it's a front. I look, act, and feel successful, but I'm not. I look, act, and seem successful to my family and peers, but I am not. + +My current situation is(excluding my wife): +-Pay myself a salary of approximately ~125,000 Annually +-Savings is about 14K +-Student loans at 60K +-Credit Card Debt of 12K +-Lines of Credit Debt of 3K +-Checking account average ledger of ~1,200 +-Lease a car @ $799/month +-Monthly living expenses(rent, tv, con ed etc) of ~3K + +I am sure there's more I am missing, but I feel like I am doing so much wrong. Somehow, even with my businesses handling my gas, eating, and other minor expenses, I end up with too much bill and not enough month. + +Last month, my wife and I finally began looking into homes and I realized I had to admit to her that we couldn't afford it as we don't have enough saved and I was afraid of the mortgage and other expenses. I've never felt lower. + + Guys, please help me- I can't live this lie anymore. What do I do? +The Biden administration has proposed requiring all community banks and other financial institutions to report to the IRS on all deposits and withdrawals through business and personal accounts regardless of tax liability. This indiscriminate, comprehensive bank account reporting to the IRS can soon be enacted in Congress and will create an unacceptable invasion of privacy. So, how does this affect you? If passed, the proposal would require financial institutions to report the inflows (deposits) and outflows (withdrawals) of $600 or more, on personal and business accounts to the IRS regardless of customers’ consent. + +https://home.treasury.gov/system/files/136/The-American-Families-Plan-Tax-Compliance-Agenda.pdf?fbclid=IwAR3S0rZg4wnZAvShO2Y64ASfeXYkW6ERwHQtbeHXoFMSBoRasQiIuJ6El7A +So I'm looking for ways to build some "passive income" for the time being. I want to get started in dividend stocks, but I was wondering how much do I need to get started? +There are only a handful of major railroads left in North America. These include Union Pacific, BNSF (now owned by Berkshire Hathaway), Canadian National, CSX & Norfolk Southern....along with two smaller ones, Canadian Pacific & Kansas City Southern. + +Right now, CNI and CP are in a bidding war to purchase Kansas City Southern. So with a high level of certainty, we know that we are going from 7 down to 6 for all of North America. With railroads being incredibly capital intensive and having incredibly high barriers to entry, you can argue that this number will never grow above 6 again. + +I believe long term, CNI is in a can't lose position. + +If they manage to get the deal done with KSU, without question, they will be the dominate player for moving products throughout Canada, through the Midwest, down to the gulf & Mexico. Unless there is a gigantic technology breakthrough, they will have an impenetrable moat for the rest of our lives. And they have the balance sheet to get this deal done without risking the organization to too much debt (which has been the torn of the railroad industry since it started) + +If they don't get the deal done, they are the most attractive investment out of all of the railroads today. While most railroads have a forward PE of 21-22, CNI is only 19 (lower is better). Most of the other railroads have a P/B value of 5 to 9x book, CNI is only 4.5x (lower is better). Most of the other railroads have a Debt/Equity Ratio of .8 to 1.6, CNI is only at .65 (lower is better). + +On top of that, CNI has a dividend that is about 25% larger than the industry average and the ability to grow it long term. + +I think you can safely step in right now and start buying at $107. I don't think you'll ever see CNI under $80 for the rest of our lives and it might be hard to see it go under $90, so in my opinion, the downside risk is really small. + +Would love to hear some peoples thoughts +Well, I turned 40 this year. I know I’m late to the game and just recently started investing in April. I can only afford around $600 monthly but will put in a little extra when I can. I currently am in just over 5k invested of stocks and crypto. I’m looking for suggestions to help and old noob out! Thanks everyone 🙌🏽🤘🏽 +Hey all, I'm a big spread sheet nerd and I'm looking at creating a google sheet for tracking all my dividend stocks and what they're returning. + +Does anyone have something like this set-up? If so, would you be willing to share a peak at it for inspiration? +# Introduction: + +Welcome back to my weekly stock analysis. I've been eyeing this one for a while and might be pulling the trigger soon. + +Utz Brands, Inc (NYSE: UTZ) +Sector: Packaged Foods (Consumer Staples) + +## Company Strengths & Risks: +UTZ is a manufacturer and distributor of snack products in the Eastern United States. Some of their products include chips, pretzels, cheese puffs, veggie snacks, pork skins, and more. + +Strengths: +- Strong moat +- Discretionary stock (protection from covid) +- Many growth catalysts + +Risks: +- No payout history (IPO in 2020) +- very high PE ratio +- low eps +- Not globally distributed yet + +## Financial History and numbers + +UTZ: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/UTZ/dividends/dividend-growth) and [Macrotrends](https://www.macrotrends.net/stocks/charts/UTZ/utz-brands/revenue) as of March 7 2020 + +Stock | UTZ +-----------------------------|-------- +P/E Ratio | 59.29 +Stock price | $24.08 +Current Annual Payout/Share | $0.24 +Yield | 1.00% +10 Yr Div Growth Rate | -% +3 Yr Div Growth Rate | -% +1 Yr Div Growth Rate | -% +Years Of Growth | 0 +Current Payout Ratio | 59.10% +Free Cash Flow / Share | .0006 +Revenue (ttm) | 0.248B +Debt / Equity Ratio | 0.31 +Debt / EBITDA | 2.53 + +UTZ currently has a messy balance sheet. Their PE ratio is very high right now. They also do not have much of a dividend history. They have a moderately high payout ratio (59%) which is acceptable. Their debt to equity ratio is low and they do not have much free cash flow. For those of you who have read my previous write ups, this would normally be one to avoid. So why am I advocating this one? Let's take a look at their sales comparatively. [Source](https://investors.utzsnacks.com/investors/default.aspx) slide 5. + +Chicago: + +Company | Sales +------|---------------------- +Market (for comparison) | 688M +Pepsi | 423M +Campell’s | 55M +Kellogg | 27M +Utz Combined | 25M +Hershey | 17M +Grupo Bimbo | 16M +General Mills | 12M +Standalone Utz | 12M +Vitner (planned acquisition) | 9M +Truco | 4M + +For a company only distributing to the United states to be competing with Kellogg and Hersheys, and tying with General Mills by itself, there must be more to the company. The sales can only increase if UTZ distributes internationally. But, let’s check the Illinois market. + +Illinois: (same source, slide 6) + +Company | Sales +------|---------------------- +Market (for comparison) | 1B +Pepsi | 642M +Campell’s | 62M +Kellogg | 45M +Utz Combined | 42M +Standalone Utz | 26M +General Mills | 22M +Hershey | 21M +Grupo Bimbo | 20M +Vitner (planned acquisition) | 8M +Truco | 7M + +Again, UTZ is up there in sales, and seems to be outpacing General Mills and Hershey very well. I cannot imagine how this could flip if UTZ goes international. I cannot predict future dividends because I have no data to work from. + +## Final Thoughts: +UTZ needs some time to establish itself but it could be a diamond in the rough stock. I need to talk about some growth catalysts in order to support that. Besides international exposure being a catalyst, UTZ claims that they wish to acquire Vitner using balance sheet cash. Meaning debt should not increase due to the acquisition. This should show favourably on the debt to equity ratio. + +The next growth catalyst was from a January catalyst which may not be fully received yet. [Source](https://investors.utzsnacks.com/news/news-details/2021/Utz-Brands-Announces-Closing-of-Term-Loan-Refinancing/default.aspx). UTZ extended its terms of loans and consolidated their debts. This lowers cash interest costs by $3.6M annually while also providing additional flexibility. Leaner costs are a definite boon. In fact, this deal also increases the credit size from 116M to 161M. That is a significant increase (nearly 1.5x). I am currently awaiting the conference and financial results on March 18 to draw further conclusions. + +Weekly price estimate for a future date, via consulting the crystal ball: +Predicted price for May 26, 2021: $32.57. There is no factual basis that I will give. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. If I have made a mistake, please correct me. Or if you have one that you want an analysis on, I might pick a comment to do an analysis of if I don’t have any spice stored for the week. +I saw a comment recently that they liked to buy on Mondays, I’m curious if any if you have a certain day you buy on or if it’s just linked to paycheck or which stocks are ‘on sale’ at a given time. +My friend works for a bank and we spoke about how to save money long term. He said he uses a saving account with .5% return or something and I told him I use index funds primary based around S&P500 and some international stock. I explained to him that although there is risk that historic trends have given it a pretty safe return and that if the market did crash and we lost our life savings we would habe bigger problems in the US than losing investments. + +His response was something along the lines of "if it's so great why doesn't everyone do it?!?" My initial thought was because people are uninformed but I really didn't have an answer. + +How do you respond to this? My friend seems interested in growing has wealth somewhere with a higher rate then his bank savings account but I didn't know how to respond to him. I also want to help him by sharing the wonders of fairly safe long term investments, but don't want to seem like I'm intruding. + +I'll send him this post once I have a decent answer. If anyone wants to throw in additional info for him specifically feel free. + +Thanks. + +EDIT: my friend doesn't have a lot of knowledge about investments in general. So his question may be more along the lines of "why doesn't everyone know about this if it is so great? " +Since bonds 101 was popular yesterday, let's do credit cards 101 today. See also the wiki [credit card](https://www.reddit.com/r/personalfinance/wiki/creditcards) topic. + +Top ten things you need to know about credit cards. + +1. You probably want one or more credit cards. Used responsibly, a credit card gives you [many benefits](https://www.thestreet.com/story/10340937/1/10-reasons-you-need-a-credit-card.html), including consumer protections as well as improved cash flow / rewards, that are not available from other payment sources. We'll explain "used responsibly" as we go. You do not have to pay interest to get these benefits. + +2. Your debit card is not a credit card. If your bank gave you a card just for opening your account, it's a debit card, [not a credit card](http://www.investopedia.com/articles/personal-finance/050214/credit-vs-debit-cards-which-better.asp) even if it says "Visa" on it. You have to apply to get a credit card. Debit cards take money from your checking account immediately. Credit cards don't. + +3. A credit card is a pre-approved loan up to your credit limit, which [lenders come up with based on your application](http://www.bankrate.com/finance/credit-cards/how-issuers-determine-credit-card-limits.aspx). As loans, credit cards build your credit history when you use them, and can help your [credit score](http://www.creditcards.com/credit-card-news/how-credit-cards-impact-credit-score-1270.php) if you don't borrow much and pay it back every month. This is one of the few ways to build credit for no cost. + +4. The [grace period](http://www.creditcards.com/credit-card-news/grace-period-avoid-paying-interest.php) is your friend. If you are paying off your statement balance each month, you will not be charged any interest on new charges. This can be up to six weeks, thus the cash-flow benefit. But beware: if you don't pay off the balance, your grace period is gone, and all new charges will accrue high interest, until you again pay off the statement balance. There is no difference to the card company if you pay once / month or multiple times / month, though it may reduce your [credit utilization](https://www.nerdwallet.com/blog/finance/credit-utilization-improving-winning/) which is usually good. + +5. The [20%+ annual APR](https://www.valuepenguin.com/average-credit-card-interest-rates) common to credit cards is NOT your friend. You want to avoid this at all costs. This means you never charge more than you can pay off each month, even if you still have credit limit left :). While the "minimum payment" may not seem that bad, if you paid off a credit card balance using only minimum payments, you would pay up to [three times as much](http://www.marketwatch.com/story/how-long-does-it-take-to-clear-a-2000-credit-card-with-minimum-payments-2015-07-07) for everything as if you paid it off immediately. If you find yourself shopping for lower APR, like 15%, that's still bad, since you shouldn't be paying interest at all. + +6. More credit is granted to people with good credit. What if you have no credit? To get started, you should look for a card designed for people with no credit, like a [secured credit card](http://www.creditcards.com/secured-credit-cards.php), or something from your bank or credit union. With a secured card, you are basically borrowing your own money, since you put down the money to back your credit limit. It's like training wheels, or a learner's permit. Once you have shown you can do this, then you can use other people's money. Not much to start, though; initial credit limits are usually below $1000. It's possible to get $20,000+ limits on a card if your history is good enough. + +7. More credit cards is usually better, eventually. Go slow, though; maybe 1/year to start. Getting a new card increases your available credit, and increases your number of accounts, both of which [help your credit score](https://www.creditkarma.com/question/will-opening-a-credit-card-raise-your-score). This at the cost of an inquiry, which will be less-than-helpful for a couple of months. Note that requesting a credit limit increase sometimes produces an inquiry as well. There is no such thing as too many credit cards from a score standpoint, but taking out a lot of credit in a short period of time makes you look like a bad credit risk. You also don't want to have more cards than you can manage. Forgetting to make a payment is bad. Closing a credit card won't help your credit score. + +8. Zero-percent promotional rates are good but can be risky. Once you have a credit history, you'll eventually be offered [zero-percent promotional rates](https://smartasset.com/credit-cards/what-you-need-to-know-about-0-interest-promotions). These are generally speaking good for you, especially if you would otherwise be paying interest. In some cases you can even transfer balances from other cards. Just remember you need to pay everything off, and that's easier said than done. The card companies hope you don't. Be aware of the difference between promotional 0% and deferred 0%, as well. + +9. Rewards are a good thing. Once you have a good credit history, you will be able to get [rewards cards](http://www.creditcards.com/credit-card-news/help/7-ways-to-get-most-from-rewards-credit-cards-6000.php) that rebate 1%+ of your credit card expenses you. (Merchants pay this indirectly, as a portion of the 2-3% fee taken from them when you use your card.) You want to do this. Some cards offer extra rewards for initial spending to get you to apply. If you can get the extra reward, it's usually worth it. + +10. Reminder to be responsible. Not everybody is. If you know you have limited self-control, then credit may not be for you. People who use credit [may overspend](https://www.nerdwallet.com/blog/credit-cards/credit-cards-make-you-spend-more/) on unneeded purchases. ("Hey, I'm getting rewards!") Credit cards are not your [emergency savings](http://www.thesimpledollar.com/ten-big-mistakes-8-credit-card-as-emergency-fund/). Most of the saddest stories we have here at /r/pf are people who got $10,000 or even $50,000 in debt because they spent too much. Don't let this be you. Be careful out there! + +If you want more information, here's some [additional content](https://www.reddit.com/r/personalfinance/comments/51rc6h/credit_cards_202_beyond_the_basics/). + Hey guys, + +Some of you may know me as the user that wrote a ton of DD regarding Bank of America this summer. + +Anyways I need a little help regarding a little project of mine. I have submitted multiple freedom of information act requests at the CFTC relating to [Chair Rostin Bedham.](https://www.cftc.gov/About/ExecutiveLeadership/RostinBehnam/index.htm) + +**The What:** + +As per the Lobbying Disclosure Act, anyone lobbying the Chair of the CFTC would need to disclose their activities. This is why Chair Gary Gensler of the SEC shares [his schedule](https://www.sec.gov/foia/docs/sec-chair-calendar.htm) and Janet Yellen of the Treasury shares [her schedule](https://home.treasury.gov/footer/freedom-of-information-act/electronic-read-room/calendars-and-travel-of-the-secretary). + +&#x200B; + +https://preview.redd.it/q50iups2qm181.png?width=954&format=png&auto=webp&s=74215becd2710d9f4b1e67810863862f45427511 + +What is different about the CFTC is that they do report their external meetings with lobbyists which can be found here. [Link](https://www.cftc.gov/LawRegulation/DoddFrankAct/ExternalMeetings) + +Now I understand most government agencies are underfunded and understaffed but it's been 221 days since this disclosure has been updated. Additionally, when it is uploaded it's done poorly. I highly doubt 50 meetings occurred on April 8th, while only a handful happened prior. US Citizens have a legal right to this information. + +**Now after waiting for months, this is the response I have received from the lawyer at the CFTC.** + +&#x200B; + +[ The CFTC has had \\"issues with outlook\\" regarding the chairs schedule for close to 3 months ](https://preview.redd.it/4gyzaz35qm181.png?width=1440&format=png&auto=webp&s=2a371a63cf101670157221c7a2a6ace0a037659d) + + + +**There is no reason why the schedule of the Chair isn't accessible, and to blame outlook is a copout. As per the Lobbying Disclosure Act, all meetings the Chair has outside of the CFTC should be documented as well. His email has nothing to do with data retrieval.** + +From here I did reach out to the staff of a member of congress, and they were willing to submit an inquiry into my request. Unfortunately, as I am a Canadian Ape, house ethics rules prohibit congressional offices from placing inquiries with federal agencies on behalf of non-constituents. Foiled again. + +**The Why:** This information is important! We know that earlier this year the CFTC decided to turn off the reporting of swaps until 2023. The CFTC would not resort to such an action for no reason. Let's find out who is taking meetings with the chair and pleading for help. + +As the improper regulation and enforcements of swaps are likely a contributor to what caused this whole saga it's important to see what actions the CFTC have taken since the Jan run-up. I theorized that Morgan Stanley likely has a short position on GME by their heads of legal and compliance divisions meeting with Gary this summer (along with other supporting evidence in this DD [Link](https://www.reddit.com/r/Superstonk/comments/qm9tnr/bank_of_america_quarterly_update_morgan_stanley/) ) + +&#x200B; + +https://preview.redd.it/h3erc358qm181.png?width=914&format=png&auto=webp&s=aef1a49e091ef22e6b8c73a9b823663adb94fc2f + + + +**The How:** + +Now I'm asking for help. This is a politically free subreddit that isn't Red or Blue so **no politics**. I'm asking for **US Residents** to reach out to their local representatives to inquire about updating their transparency page and to apply pressure regarding the delivery of CFTC request 21-00142-FOIA. You can find whom your representative is here at: [https://www.house.gov/representatives](https://www.house.gov/representatives) + +Below is my original FOIA request. Upon communication with the department, I have since narrowed down the search to Chairman Behman. + +&#x200B; + +https://preview.redd.it/p13i6y5aqm181.png?width=567&format=png&auto=webp&s=2d86b4e5577cbe19fbc557e018e0c31fc016550c + +https://preview.redd.it/q9m7to1bqm181.png?width=583&format=png&auto=webp&s=3d01b7edb913a92818b3983959cd6ba028fc15dc + + Thanks, guys. Let's figure this out together +Like anything will ever come of it, but seriously fuck these guys. + +&#x200B; + +Original Post Regarding Video: + +[https://www.reddit.com/r/wallstreetbets/comments/v2u0ba/a\_message\_to\_the\_sec/](https://www.reddit.com/r/wallstreetbets/comments/v2u0ba/a_message_to_the_sec/) + +Video In Question: + +[https://www.youtube.com/watch?v=av3k\_lcGm9g](https://www.youtube.com/watch?v=av3k_lcGm9g) + +SEC Web Page referring to GME as a Meme Stock: + +[https://www.sec.gov/page/sec-staff-release-gamestop-report](https://www.sec.gov/page/sec-staff-release-gamestop-report) + +Edit: TIL the SEC does not operate with our tax dollars. Staying true to form as a moron here in this sub. +In a few years my father will be putting his two rental properties in in control of my sister and I. She is 30 and I will be 27. Her and her fiance are both structural engineers and rather well off, I am a licensed architect and my SO is in grad school so our earning potential looks to be steady for now. I am blessed to be in a situation with my family that money is not subject to taboo. My dad and my mom are simply getting up in age and want to move closer to the coast to enjoy the golden years through pensions and ss. + +Details. +House A: Worth $160,000 Paid off. +House B: Worth $140,000 Paid off. + +My dad has employed a rule of thumb for his rental properties we would like to keep in place. 100:10:1 where we keep 10% of the total value on hand for emergencies and charge 1% of the total value of the home a month in rent. so 16k and 14k respectively (currently fully funded) we will also be receiving these. and charging $1600 and $1400 a month in rent. + +Expenses: +$5800 a year for both in taxes. +$2400 a year for both in insurance. +$3600 a year in upgrades/damage control/cost of my time for managing purposes. + +Total gross cash flow per year: $33,600 + +Net cash flow fixed costs: $21,800 + +Best case scenario we pool savings of our own with the positive cash flow and buy another house cash in the next 4 years. I have contacts throughout my city from the ties in my profession having done work in custom residential for builders and colleagues and am pretty sure I can make our money at the buy. From here we hope for an all out wash, rinse, repeat. + +Worst case scenario: + +String of bad renters eats up our E fund. Luckily our city T-10 US has a huge military and medical presence and we can be extremely selective if need be. +Family fallout, I do not see this being an issue at all but I know money changes things. +We do not want to bother with them and turn them over to property management. + + + +So questions, is this a feasible means to FIRE for both of us? Is it overly ambitious? Is a business model like an LLC the best idea if we find our situation to be a rapidly expanding situation with paid off property? + +Thanks for the help! +*EDIT*: 13 green days in a row has been achieved and ETH has made history. Congrats! 🎉 + +If ETH can hold $2,556 for just a couple of more hours it will have logged it's 13th green day in a row. This has never happened before in it's 6 year history. You're watching a milestone and history in the making! + +It is interesting to see that BTC led this rise but faltered after day 10 but ETH kept going and now even the ETH/BTC ratio is seeing significant gains. + +I think this incredible history-making rally has been fueled by the upcoming London Fork upgrade and much anticipated EIP-1559 update. Let's start burning some ETH! Only the start of some incredible ETH gains to come. + + +[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!* +After reading the newly hot, fresh House of Cards. I think the information u/atobitt just reveal to us are ground breaking. + +Literally Reddit had a mini crash for 2 mins right after he post it, coincident ? I don't think so. But you can see that HOC 2 & 3 are on the reddit front page right now. 30min after post. + +Base on his DD, we are up against a powerful group of people. VERY powerful. This is not about Citadel, Melvin, or RH anymore. **We are against a giant network of the most powerful, the richest, and the crookest monsters of this world.** + +**AND THEY WOULD DO EVERYTHING TO STOP US... I MEAN EVERYTHING... AND THE GOVERMENTS WOULD AID THEM.** + +Atobitt just expose them, and our apes are spreading it. WE are literally messing with their corrupted, blood sucking **International Empire**. They know if GME moon and took down Citadel, they would be next. **Wolf always hunt in pack.** Yeah there could be some lone wolf. But I don't think Citadel is a lone wolf. + +Right now everything I said above is just speculation, maybe this smooth brain ape is overthinking. But we must prepare for the worst. We must save all these file on our pc for backup. Cause you never know... + +I am glad to be a part of this. + +BUY.HODL.VOTE! + Edit: We have an ape has conver HOC into PDF to download. Please back this up for future reservation. Damn I love all of you apes. Credit to u/Jupitair +https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf +I’ll be in a great position after this year. I’m 33, wife is 32 and we have a 1.5yr old and a baby on the way. Over the last two years my NW as exploded from 500-700k to 4.5M and counting thanks to the bull market and crypto. I could keep running with the money by purchasing a larger partner’s share of my firm but I’m feeling burnt and seeing older family members pass away this year, have come to realize the unexpected brevity of life. My yearly expenses are small, ~100k. So realistically I could probably retire this year and live a fairly comfortable life while still watching my NW grow, just not as rapidly. My goal has always been 5M but recently moved the goal post to 10, anticipating possible lifestyle creep like buying a bigger house to better accommodate the kids and possibly entertaining extended parental stays. + +I’m beginning to wonder if this will continue to happen as I attempt to mitigate one serious gate to a higher risk tolerance life for my kids. I come from a family that was upper middle class as a young child but lost everything when my dad had a stroke and could no long work and my step mom got breast cancer all at the same time. Basically fell into poverty from there and imbued in me a hurried, always-on-the-go survival instinct that also made me risk averse, which I ardently worked towards changing. I want to slow down now but don’t want to give up too much upside or have my money dwindle and regret not working until at least 7-8M. + +For those who have been retired for some time now, how have you felt about your money? When things went belly up in March, what thoughts went through your head? How’d you stomach the drop in the moment? And did you recalibrate because of it? On the topic, did you change your portfolio allocations in retirement? Or have you continued to invest aggressively? +This morning my wife got a call from Hamilton Jacobs & Associates proclaiming to be collection agency working with Wachovia Bank to collect $900 from an overdrafted account that was closed in 2014. They demanded payment on the spot in the form of a checking/routing number or a debit card or else they will send the debt to Cheksystems and freeze all of her accounts at all banks. They had her SSN, phone number, and an old address. When she declined and requested mailed proof of the debt, they became VERY aggressive and a screaming match ensued between my wife and the female representative. A male representative got on the phone and again threatened to send the debt to Cheksystems and have all of her accounts frozen if she didn't pay right then and there. Apparently this company has been doing this for a while with multiple examples on BBB and other scam alert sites with the same exact details (Wachovia Bank, overdraft account closed 2014, has personal info). + +I've been handling all of our finances since 2013 so I know every company and penny that we owe. There's nothing on her credit report but they did have her SSN so she's super freaked out by that. I just checked her credit report for any changes (there's been none) and froze all of her accounts at all 3 credit bureaus. + +Is there anything more we could do to protect her credit? Should we report this to the police? + +Update: Thanks for all the help. We enabled 2-Step Authentication with our 2 credit cards and bank. I know this particular debt has never existed so not worried about it being valid, just having her information out there was unsettling. +As the title says, my mum owns a house but doesn’t really have much in savings and only a small superannuation. + +I was thinking conceptually, can I slowly buy her house off her at a rate of say 5% a year? It would provide her with cash and me with some property as part of my investment portfolio. + +I know it might take some structuring through a property lawyer to make it feasible and fair for both. + +I’m thinking there will need to be considerations in place for renovation costs, changing property value, a percentage rental payment etc. + +Has anybody any experience with this sort of arrangement? It seems like it should be more popular than my googling seems to suggest as there must be plenty of asset “rich” cash poor parents whilst their children may be asset poor and relatively cash flow rich. + +Any advice would be great! Has it been done before? +Does anyone else have an impending sense of doom about the global / Aus economy next year? + +Truly seems that the Fed will tighten into and orchestrate a recession to tame inflation. One can only assume that the RBA will follow suit. + +I work in finance and already see cracks starting to appear at my work, morale is through the floor? What are others seeing in the ground? Are you doing anything to prepare or tightening your belt? +So i'm 19, working full time at a blinds factory in nsw, my after tax pay is $564 so I know i'm eligible for super, and this is my first job where I have been eligible for super, My employer said on the first week that I should give them my super number however I hadn't initally as I thought it would be deducted from my pay, and now I'm concerned that If it was illegal for them not to do so it might end up making it more difficult to rectify this situation, they have been implying that I won't be back payed any super payments and they have also said that they don't have a default super for their employers, It seems like this is a regular thing where if they have an employee that doesn't have a super they wait until they set it up by themselves and then start paying into it. And I did try like hell to contact the ato but the closest thing I could find was a forum which I haven't even been able to refind, honestly frustrating. Also for what it's worth i'm pretty sure the industry it's in is the manufacturing industry, (They've never given me a straight answer to this). +While this sub actively wants that as many countries and people as possible would use Crypto as an actually currency so that it replaces the dollar in a more decentralized way. On the other side we all also want that Crypto just keeps doing 10x every year so that we make a lot of money. + +Don't know about you but having something as a world currency that occasionally does a 10x up and down, seems chaotic to say the least. + +And I personally think it's completly okay to see Crypto as a investment than a currency right now. But I would also say that at one point Crypto will be so big that it would be stabke on the price. Meaning we won't see any major dips but also not any 10x or so over a short period. This may be the only way of Crypto as a currency. + +Obviously we all want to make some money but the greater cause of Crypto wouod not fulfill that. And I'm ready that one day Crypto won't be as fun as today but more useful to everyone. +I gave someone a check for 367 dollars. They requested that I make the check out to their mother because they owed them money. I agreed because why not. A few weeks later the check hits my account and clears out 3367 bucks. + + +He said he mailed it to his mother (across state lines) but she never got it. The numbers on the check were modified by adding a 3 and a comma before the amount. The written amount was modified by adding a t before the h and an o before the u. Changing three hundred and sixty seven to three thoundred and sixty seven. The image of the check makes it very easy to see that it was fraudulently amended. + + + I called Wells Fargo (my bank) who told me that it was obvious fraud and that they would not give me a provisional credit for the amount, but they would go after Charles schwab (the bank that accepted the check) for reimbursement. + + +I told them that they never should have honored such an obviously fraudulent check, but at the least, at the absolute minimum, they were legally only allowed to honor the amount of 3067. Not 3367. Therefore, I was insisting on an immediate provisional credit until the issue was settled. The transaction put my account heavily into overdraft and I was not only incurring overdraft fees by the minute, but I didn't even have money to buy food for my family. + + +Upon hearing that, they changed their tune and said that there was no fraud. There was only a miscommunication between banks. The number 3367 was not the legal number and irrelevant (hence no fraudulent activity) and the word thoundred was not an attempt to defraud but only messy handwriting. Therefore, the claim was closed out of fraud and sent to collections. Charles schwab is fighting the adjustment so I need to wait 90 to 120 days to maybe possibly get my money back. Even if I do get it back, it will only be the 3000 not the 367 as that is the legal and valid amount of the transaction. I'm at a complete loss. This is over days and days of fighting and yelling. Multiple people in multiple departments. Visiting a branch and sitting in the managers office for hours. This is a fucking nightmare that someone could steal from me, everyone knows, but no one is doing anything. + + +Points of interest that matter : +I filled an affidavit of fraudulent activity with WF that dead ended. + + +I spoke to the mother, she had several items of mail stolen from her mailbox. She filed a report with the usps and the local police. +My local police told me they can't do anything as the crime happened in NY not here. + + +I spoke to Charles schwab bank and found out that the check was deposited into an account, not cashed. They won't give me any other information obviously. + + +I spoke to a federal investigator from usps. He volunteered to give me a letter that said I'm a victim of fraudulent activity and have had my check stolen so that I can take it to Wells Fargo and force them to dispute entire thing and speed the process up. Unfortunately, he went back on what he said and wants to wait into Charles schwab responds to the subpoenas to find out whose account the check went into. It will take a month or two. + + +I've Facebooked WF. They told me nothing and were no help beyond wasting my time. +I emailed the board of directors and got no response. +I emailed every dept of WF I could find and got nothing. +I submitted multiple forms online the went no where. Not just WF but with the agencies that oversee banking in USA. + + +It seems that I might need to just roll over and play dead while getting railed up the butt to the tune of 3k. I would love advice and concrete direction other than "dude, you should totally sue". + + +Thanks for reading this wall of mine! + +Edit: I'm not lying, I'm not dumb, I don't think it was the mom, the police won't take a report, I love you all for the advice and will follow through with your suggestions. *thank you* + + +Edit the 2nd: + + +Thank you all for your suggestions. The helpful ones I will carry out right away. It seems that there is likely nothing to do but wait and not be dramatic. I will keep trying to push in a polite manner and hope for a quick resolution. I appreciate the time spent on my post. I hope none of you get your money stolen by something large enough to say "screw you, you'll get it back when I decide you'll get it back". +http://www.zerohedge.com/news/2017-08-13/ethereum-about-unseat-amazon-web-services + +"Ethereum investors have been eagerly awaiting more news about the Enterprise Ethereum Alliance, the enterprise platform that’s supposed to transform Ethereum into the Amazon Web Services (AWS) of the future. The announcement of the co-venture between several of the largest US tech companies coincided with the beginning of a massive runup in the value of Ethereum. Some have speculated that enabling the Ethereum network to process a million transactions a second could potentially boost the value of ether tokens past $2,000 a coin." +Giving up on day trading, I´m just gonna buy good coins and keep accumulating long term. I think that If I start accumulating the right coins now (I´m only 22) I may very well have a fortune by the time I am 30. In my honest opinion, this is probably the best investment one can make at my age. Cryptocurrency has SO much potential that I can´t believe we´re just talking about a 22 billion market cap currently. Hell ETH platform alone could be worth 100 billion in a few years if the project plays its cards right. My investment portfolio is distributed in the following manner: 55% ETH, 20% XMR, and the remaining 25% distributed between GNT, ICN, FCT, and REP (Golem, Iconomi, Factom and Augur). I think we are headed for great times. Governments are scared, they fear their control on money is yielding, and rightly so, we average humans have the right to own our shit without governments interfering. I can´t wait to see how the next 10 years will play out. Peace. + +PS: FUCK Fiat +As someone who makes a living writing content and being paid with advertising views, it's frustrating to see the assumption that ads should be blocked by default. I understand the need for adblock - many sites take advertising too far. + +However with content driven sites, they usually keep the ads out of the way - usually one on top, a couple along the side, and one on the bottom. I don't see a problem with this. + +What I recommend is for people to have adblock default to disabled, and then enable it for the troublesome sites. This makes use of the program itself, the ability to block ads on a site by site basis. + +If you simply find ads too offensive to be viewed, but still want to support the content creator, why not see if they accept bitcoin donations? Many of these people do. The hope is that people simply aren't considering that their ad views are what keeps the site running, and maybe they will think twice and either disable blocking, or want to contribute in another way. Without viewing the ads, the reader gets the benefit of the content creator's work, but we don't get anything in return. + +I have my bitcoin address sitting under the advertising, so if it's blocked I hope readers see it and think to donate a bit of change. Bitcoin is perfect for something like this. Unlike Paypal they don't take a cut, and microtransactions are feasible. + +I just thought I would take this opportunity to bring it up, since there seems to be that people really want to support ad blocking for some reason. +As someone who makes a living writing content and being paid with advertising views, it's frustrating to see the assumption that ads should be blocked by default. I understand the need for adblock - many sites take advertising too far. + +However with content driven sites, they usually keep the ads out of the way - usually one on top, a couple along the side, and one on the bottom. I don't see a problem with this. + +What I recommend is for people to have adblock default to disabled, and then enable it for the troublesome sites. This makes use of the program itself, the ability to block ads on a site by site basis. + +If you simply find ads too offensive to be viewed, but still want to support the content creator, why not see if they accept bitcoin donations? Many of these people do. The hope is that people simply aren't considering that their ad views are what keeps the site running, and maybe they will think twice and either disable blocking, or want to contribute in another way. Without viewing the ads, the reader gets the benefit of the content creator's work, but we don't get anything in return. + +I have my bitcoin address sitting under the advertising, so if it's blocked I hope readers see it and think to donate a bit of change. Bitcoin is perfect for something like this. Unlike Paypal they don't take a cut, and microtransactions are feasible. + +I just thought I would take this opportunity to bring it up, since there seems to be that people really want to support ad blocking for some reason. +First - This is not advice of any kind. Stranger danger remember that! This is just lots of numbers I've taken pictures of with some letters I've slapped together to make a post on the interwebs. I'm a retail investor and considered dumb money, I just like crayons and stonks. + +Fantastico now that's out of the way I've compiled all the volume data for GME since the start of 2021 and broken it down into different categories. + +Why do I think it was worth doing this with volume? Well it shows us a lot of things like apes have diamond hands, people panic selling, is this an artificial drop in price and also how many shares are being traded vs how many shares are available now that we know the GME float is around **26,664,355** shares. + +These things will have different levels of significance to different people, in a normal stock I wouldn't really care how much volume the stock has if I like the fundamentals of the company and I believe it has potential to grow... I will invest. Gamestop is no longer a *regular investment* whatever that really means anyway, and I want to have a good idea of how many players are playing this crazy game, which is why I have done this. + +For Apes who still don't understand volume and are looking at the remote for their TVs (also known as magic paintings) here is quick and simple explanation. + +&#x200B; + +[https:\/\/www.investopedia.com\/terms\/v\/volume.asp](https://preview.redd.it/hs10shjt2kw61.png?width=946&format=png&auto=webp&s=17d3deac34f3216414b84de8a361ea5b5ff18f41) + +If you're still confused... hey you did your best, keep eating crayons and fighting the good fight and I love you, you beautiful bastard. + +Now before we get into the data, I want to quickly cover retail being the whale because I still see a lot of people unaware or doubting the buying power that retail has. + +&#x200B; + +[ https:\/\/www.reuters.com\/article\/us-retail-trading-numbers-idUSKBN29Y2PW](https://preview.redd.it/5mnup34bmow61.png?width=1175&format=png&auto=webp&s=9e7e1529b9f4a45075933f28d00f3a454154c3f4) + +"But how big is the surge in retail trading? Analysts and executives say it is difficult to peg an exact figure, but here are some numbers to put it in perspective: + +\* 25%+: The percentage of overall market trades made by retail investors in July and August 2020, according to Virtu Financial, one of the world’s largest retail market makers. In January 2020 retail was 17.1% of the market. Virtu’s data only goes to November, but retail investors appear to have played an even bigger role in 2021. Jefferies analyst Daniel Fannon said on Friday retail can represent up to 32% of total U.S. equity volume." + +NOW we are ready to look at January! + +https://preview.redd.it/qp0li5eh3kw61.png?width=1550&format=png&auto=webp&s=91e5b562429a47c3738609b25b89a4c9a62e2533 + +Quick intro I'm sure you noticed some pretty colours! Thank you for noticing but let me quickly explain them. + +Any loss GME made in a day is marked as red or light red 3 if you want to be fancy. + +Any gains GME made under 5% in a day are orange (light orange 3) + +Any gains GME made over 5% in a day I classed as meme stonk gains and they are of course marked light green 3. + +So now I've explained the pretty colours let's get into the numbers. **1.26B Gamestop shares traded in January with an average of 66.4m per day giving us an average of 249.12% of the 26.6m float being traded every day for an entire month.** + +Now this is total volume of trades reported by the NYSE, this isn't asbolute it doesn't cover over the counter, ETFs, FTDs, darkpools this is only the trades that have actually been declared. With that said there is no accurate way to tell how many of these shares apes actually bought and more importantly still hold. This includes all declared data so that includes high frequency trading, day traders etc etc etc! + +If you want to speculate how many GME shares Apes bought and have continued to hold since Jan I would say it's reasonable to put that mark at 10%. Taking into account the data presented from reuters, total activity in the market was 17.1% for 2020 and **could** be as high as 32% for Jan 2021. That however is total market volume that isn't specific to one stock, some stocks could be dominated by retail and others untouched which makes using these numbers for a specific stock difficult and speculative so I'm going to use a more conservative number than 17.1% and start with 10% leaving us room for actual retail activity to be higher and of course it could also be lower. + +10% of 1.26B is 126,209,040 shares which is **473.32%** of the float, if you're like whaaaaat no way retail did that well then let's say 5% that's still 63,104,520 million shares which is 236.66% of the float. + +This was one month. Are you starting to understand why they tanked the absolute fuck out of GME back in Jan and turned off the buying. Incase you need a reminder... + +[https://www.youtube.com/watch?v=\_TPYuIRVfew](https://www.youtube.com/watch?v=_TPYuIRVfew) + +Key points I want to just extract from this but still I urge you to listen if you haven't already because GME was about to explode in January before it was illegally stopped. + +"We have come dangerously close to the collapse of the entire system" + +"When the shorts can't deliver the shares, the broker representing the longs **must, MUST** by the rules of the system go into the market and buy the shares at **any** price, pushing the price into the **thousands"** + +Pretty interesting first month of the year for 2021.. Next up Feb! + +&#x200B; + +https://preview.redd.it/8jn51x7g8kw61.png?width=1535&format=png&auto=webp&s=e3e2f7dc3777bf7e8e6d6dcb2c0626349fa1c814 + +A lot of red here when FUD was everywhere and apes were told you are bag holders the squeeze is over then all of sudden Wednesday 24th happens and boom we are up 104%. Fucking loved Feb because I averaged down like crazy and became a XXX share holder. + +Once again let's use the same theory that apes bought 10% - 5% of all shares traded. + +10% of all shares traded in Feb - 82,666,350 or 310.03% of the float. + +5% of all shares traded in Feb - 41,333,175 or 155.01% of the float. + +Now that is only the data for Feb so you have to total this.... + +**10% of diamond hands through Jan - Feb** + +208,875,390 shares or 783.35% of the float. + +**5% of diamond hands through Jan - Feb** + +167,542,215 or 391.68% of the float. + +ARE YOU STARTING TO SEE WHY THEY KEEP HOPING WE GET BORED AND LEAVE!?!? + +Let's take a look at March + +https://preview.redd.it/h4iivk0vkrw61.png?width=1375&format=png&auto=webp&s=dfbfaea9f46fe4805ffc5a8b381d34f892a5ff00 + +Now again remember what happened when GME reached $345 per share + +Again if you need a quick video break to help explain this to you here is Uncle Bruce covering this + +[https://www.youtube.com/watch?v=rDJTFvKaP0o&t=335s](https://www.youtube.com/watch?v=rDJTFvKaP0o&t=335s) + +LIKE BUTTTAAAAAAAAAAAAAAAH!!!! + +*(I just wanted to say that after posting a uncle bruce link)* + +Total NYSE volume 677m shares a lot lower than the previous months which one shows that retail bought the dip and now have diamond hands. I've heard some argue that it means that hedgefunds have covered... no. + +(Previous DD talking about this in more detail.) [https://www.reddit.com/r/Superstonk/comments/mo7t8c/options\_data\_proves\_hedgefunds\_need\_to\_bankrupt/](https://www.reddit.com/r/Superstonk/comments/mo7t8c/options_data_proves_hedgefunds_need_to_bankrupt/) + +Think of it like a video game, the big boss levels haven't changed but when apes were playing in January and the apes started winning at an alarming rate so the market makers tried to patch the game by (illegally) making it harder for apes. Diamond apes took the challenge and now have new challenging levels to take on. The diamond apes are absolutely killing it and will get back to the boss level sooner rather than later ready to set new high scores. + +Likely some smaller players have gotten out but new players have entered this crazy game. + +(Article with Hedgie Bill Gross bragging about making $10m shorting GME) [https://www.fnlondon.com/articles/how-billionaire-bill-gross-managed-his-insecurities-and-made-10m-shorting-gamestop-20210317](https://www.fnlondon.com/articles/how-billionaire-bill-gross-managed-his-insecurities-and-made-10m-shorting-gamestop-20210317) + +Key points for lazy apes that don't click links + +\- Wednesday March 17, 2021 + +\- “I did manage to overcome my insecurities and hold on and ride it all the way back down in terms of getting out,” billionaire Gross told [*Bloomberg*](https://www.youtube.com/watch?v=U6UK8qh_b08) on 16 March. + +\- “I’m back in. I’m still selling call options at $250 and $300, the volatility is super high and that promotes an ability to make some money.” + +\- In his latest comments, Gross noted that he made about $10m in profits and said: “The borrowing rate on shorted shares for GameStop is only 1.5% which indicates no real squeeze or pressure so with volatility at 200% annualised, you need a doubling and a doubling in order to start to lose money and I think this is a perfect opportunity for options sellers, not buyers, to take advantage.” + +Now... What this scrotum says about the borrowing rate is true it's complete horeshit it should be so much higher however once again the buying power of retail is being played down and it's FUD which I will continue to prove wrong. + +The original plan for hedgefunds was to bankrupt gamestop, that is no longer possible for them. So they have now dug a hole so deep for themselves I only see three.. really only two ways out for them. + +1. They drag this on for so long and slowly and surely start covering positions but still end up driving GME into the thousands per share, making money off the options market to stay afloat. (Not possible imo but could be a plan for them) +2. Somebody calls forces them to cover, they get liquidated. +3. They just nuke the market and hope for a bailout and hope that some of their assets are protected. + +Whatever happens apes will get paid but it's just at what scale do apes get paid but thankfully apes have control over that as there will soon be a legal obligation to buy back shares at **ANY** **PRICE** until diamond apes deem the price acceptable and of course $10m is the floor. + +Enough ranting.. time for stonk math. + +**10% of all shares traded in March** \- 67,715,783.5 shares or 253.96% of the float. + +**5% of all shares traded in March** \- 33,857,891.75 shares or 126.98% of the float. + +**10% Diamond hand total Jan - Mar -** 276,591,173.50 shares or 1037.31% of the float. + +**5% of diamond hands through Jan - Mar -** 138,295,586.75 shares or 518.65% of the float + +BUT WAIT THERE'S MORE! + +https://preview.redd.it/u5qushfeipw61.png?width=1371&format=png&auto=webp&s=e8d7461bc4bfdbf44bc2d0bd173e33aa07a36174 + +Lowest volume month yet! Diamond hands are JACKED.... + +https://preview.redd.it/3kflb7kt8rw61.jpg?width=300&format=pjpg&auto=webp&s=6ceeac46eb3237a0e03695ede17a7e7fc8428c94 + +Such a great quote, may it live forever. So back to April.. I'll just get right into the stonk math as this is probably becoming an essay and I haven't even showed all the data as I've organised all mondays and broken these down into weeks as well as just months. Maybe I'll just do a part 2 if apes want to see more data and get that sweet sweet confirmation bias but all in good time. FUCK! Stop rambling you ape talk about the numbers!!! + +Yes the numbers! 171,183,615 million shares traded last month BY FARRRRRRRRR the lowest volume of the year. 64.2% + +**10% of all shares traded in Apr** \- 17,118,361.50 shares or 64.2%% of the float. + +**5% of all shares traded in Apr** \- 8,559,180.75 shares or shares or 32.10% of the float. + +https://preview.redd.it/iotplhwkarw61.jpg?width=750&format=pjpg&auto=webp&s=4c56ec3fb0946b21b876281463c2e7806e62340b + +**10% Diamond hand total Jan - Apr -** 293,709,535 shares or 1101.51% of the float. + +**5% of diamond hands through Jan - Apr -** 146,854,767.50 shares or 550.75% of the float. + +&#x200B; + +The post I made last week touched on how I believe retail own more than 1000% of the float + +[https://www.reddit.com/r/Superstonk/comments/myu2v6/since\_jan\_4th\_on\_average\_the\_gme\_float\_has\_been/](https://www.reddit.com/r/Superstonk/comments/myu2v6/since_jan_4th_on_average_the_gme_float_has_been/) + +Now here we are apes. I want to just say that with this information I am making no recommendations, I'm putting no dates on wen moon, how moon or any price predictions. All I'm saying to you is this... If these stupid fucks want to keep shorting this stock and fueling the rocket and they want to keep giving out tickets. I'll keep fucking buying them... The longer this goes on the more tickets I will have so shills, hedgies or just general ball bags reading this if you want to continue to delay the squeeze thank you very much for the discount and the opportunity to buy more. I was always told as a kid "play stupid games, win stupid prizes" Well hedgies you've been playing stupid games for a LONG time and you thought you could put the apes back in the cages once they broke out but no... the apes know your tricks now and if you want to play games... lets fucking play. + +&#x200B; + +[Apes set highscores. ](https://preview.redd.it/jaag8nwpdrw61.jpg?width=1200&format=pjpg&auto=webp&s=a579b12b8a871dad8c229cd55db90606aefedc8a) + +**TLDR -** From the start of the 2021 GME has had almost 3B shares traded with an average volume of 35.8m per day which is 134.33% of the float traded everyday for the past four months. This data only includes the volume reported by the NYSE this doesn't include the darkpools, OTC, future options etc and as this is up until the end of April as we are now in May this data will continue to build until the squeeze is squoze. This also doesn't include any data before 2021 so anyone who purchased shares before GME went mainstream won't be included in this data. With that said if retail investors have accounted for 10% of all GME volume since the start of 2021 they would own 1101.51% of the float. This is speculative DD and not to be taken as concrete. +Hi + +I have wondered, and discussed several times with my Finnish friends (being Swedish), whether the Euro has been beneficial to Finland or not, or if they should have stayed outside, like the Swedes. We have not been able to find any studies, and I received no answers when I asked the question in AskSocialScience (and /r/economics will not take text posts). + +Have anyone heard about studies that compare the benefits/drawbacks of being part of the Euro, compared to similar economies outside? + +Thanks! +Hi + +I have wondered, and discussed several times with my Finnish friends (being Swedish), whether the Euro has been beneficial to Finland or not, or if they should have stayed outside, like the Swedes. We have not been able to find any studies, and I received no answers when I asked the question in AskSocialScience (and /r/economics will not take text posts). + +Have anyone heard about studies that compare the benefits/drawbacks of being part of the Euro, compared to similar economies outside? + +Thanks! +Male, 24, making a decent salary giving me 2200 (ish) probably increasing soon. I got my self in a really fucked up state of mind, and did a lot of terrible financial decisions this year. I got it twisted and really fucked up by gambling a lot. Firstly I should say I've been working for 2 years, and making a pretty decent living from what I do. I got out of uni with a bit on my overdraft which was quickly paid off a few months down the line, and then I bought a car on finance which was a reasonable monthly outgoing. I live with my parents so I don't have to pay rent, so you'd think i'd be able to save a decent amount. Nope. I never, I don't know what I'd do but i could never save, I end up spending everything + more. + +In 2022, I was tight on cash, while I had certain responsibilities to my family, I took out a loan because I was tight on cash. I didn't really need to take the loan out, but I did regardless. That was financial disaster number 1. From seeing all the beautiful excess cash in my account, I ended up gambling it all away. And low and behold, I had a 7K loan to pay and nothing to show for it. (Paid CC's with 3K, gambled and lost 4). The second disaster was a few months after getting back to 0 (minus would be more accurate). You'd hope I'd stop there... but no, the power of being able to get money really got to me, and before I knew it, I'd taken a 10K loan out at 19%. And there is financial disaster number 2. Without even needing to say it, I lost every penny from that and just kept on over spending, now I have a car on finance (6K remaining), a 7K loan at 20% and a 10K loan at 19.5%. + +The reason I took out so much is I had to maintain appearances of having decent savings when I was spending everything I had on a lot of stupid. And the debt piled up. + +I know I really need to fix up and I guess this is my first cry for help. I'm just about able to manage, but this month will be another month of relatively high expenditure due to a few work trips I need to do. + +&#x200B; + +PS: Not a gambling addict, never was; it was a bad phase in my mental and i'm now dealing the consequences of my actions. I wanna know what options I could potentially have / any tips from people who have been through a similar experience. + +&#x200B; + +Edit 1 + +List of monthly outgoings + +* Loan 1 - £203.79 +* Loan 2 - £364.08 +* Car loan - £155.29 +* AA - £6.96 +* Phone - £34.95 +* Others (Gym, Netflix) - £51.37 +* Fuel \~ £200 + +Income - £2,276.48 + +Current financial point: Just got paid today, I paid off my CC from last month (was a high spending month). + +I have 1 CC statement to pay off £383.75 and I'm good on CC debts for this month + +Edit 2 + +I was totally addicted to gambling and definitely lost the plot. I'm not a denier of that, but the person I am now to the person I was 4 months ago is completely different. I am maintaining a much healthier life that definitely doesn't involve me gambling. +I am looking to scalp the SPY more, but would love some good resources on understanding it. Do the top stock lead the SPY or vice versa? Discuss here if you have had some experiance with the SPY. +It seems like they believe you cannot invest long term AND trade near medium term/short term when there are real traders that do this for a living. In my experience, learning to trade is an entirely different beast than learning to simply invest long term. Learning to trade is also time consuming, leading me to believe people just don’t have the time to engage in an activity that they would deem pointless due to the widely believed thought that you cannot beat the market on your own. Thoughts? +Low-key excited because I found an e-gift card to Chili’s that I printed—probably from Groupon or something— from 2011 and it’s still valid, lol! Yay me! 3 for $10, here I come!!! +I feel like I'm going mad. Been trading for 1 years, always on the side, not too much hassle. My friends started to talk about Doge a week ago and my gf heard about crypto for the first time. I told her I have some money invested, and that I'm doing good, and Doge is too risky for my liking, since 60% of supply is in the hands of 80~ addresses. + +She was supportive about it, and I must give props to her since it was my fault for not telling her earlier. +The money is not that big to start a fight about it. + +A couple of days pass, and Doge shoots up like a rocket. When I come back from work, these she is waiting with a resentful face. In a few words, we fight, she tells me I don't know what I'm doing, that I'm wasting our money and I should be selling everything I got. + +The worst part: she's right. I made at most 120% in 2 yrs, and my friend that knows NOTHING about crypto made bank in a day, and rubs it in my face. + +I don't know what to do anymore, I feel defeated. +I put time and effort in to crypto, researching and trading, and still missed the btc pump because I put too much in to altcoins. +And then my friends come in, knowing nothing about the market, and outdo everything I did in a single day. + +Sorry for the rant, I just need to vent and noone irl would listen to me. + +Edit: to clarify, she wanted to invest her own money after I said no about mine. I advised not to, I was firm about my opinion and I insisted that she shouldn't. She didn't do it, I think that's the problem +I'll expound; + +In August 2021, you'd get 1.18 USD for 1 Euro. Today, you get 0.99 USD for 1 Euro. + +Compared to August 2021, 1 USD today has 9% less purchasing power due to CPI inflation. + +Say you could get 100 units of goods for $1 in 2021. Today, those same 100 units cost 1.09$. + +Since you could get 1.18$ USD for 1 Euro, you could purchase 118 units of goods for a single Euro in 2021. + +Today, you only get .99$ for 1 Euro. Therefore, this same Euro today, instead of buying you 118 units of goods, will only buy you .99$/(1.09/100) = 91 units of goods. + +This means, to get the same 100 units of goods today, would cost you about 1.10 Euro's. 100 units of goods would only cost you .85 Euro's in the summer of 2021. + +Therefore, if we calculate inflation compared to a 2021 USD, (1.1-0.85)/0.85 x 100 = 29.4% + +European monetary union is a failed experiment, and my guess is it will fall apart before the end of this decade. Leave this system that continues to fall apart and store your wealth in Bitcoin. +This is a general post about event being fit onto market action after the fact. It is so silly. Why didn't anyone say "Market up the last 5 days due to Omicron variant" ? I could find 20 events, both positive and negative, that could be used to explain why the market went up or down. If the market was up today, no one would talk about omicron , they'd talk about some peace treaty somewhere. + +Heat wave! Climate change! Market goes down. Ooops, when that was the news, the market went up. Condo collapse! Market goes up. Europe flooding! Market goes down. Nope, it went up. + +Omicron variant has been in the news for weeks, and NOW the market goes down because of Omicron ? Maybe yesterday the market went up because of Omicron. Just as stupid. + +Ignore all news. The market dropped because there were more sellers than buyers. The scapegoat just happens to be some arbitrary event. + +UPDATE: + +[https://www.reddit.com/r/stocks/comments/rlo5dv/update\_if\_news\_media\_had\_any\_logical\_consistency/](https://www.reddit.com/r/stocks/comments/rlo5dv/update_if_news_media_had_any_logical_consistency/) +She owned a home that was paid off and I transferred the home under my name but she also had a condo that wasn't paid off. I just recently got a notice to appear in court in regards to the condo being foreclosed on. Should I even appear in court and can the bank come after me and my house? +I know there are quite a few people in these forums from both sides of the aisle regarding house price predictions given looming interest rate changes, inflation etc + +Without my remorse is a classic housing bear, and I see others every now and then, but I’m interested in hearing points from both sides about this as I still haven’t found a house to purchase yet and even now my mortgage broker housemate is saying to wait until after the election and likely rate hikes before buying. Maybe some people also have knowledge/experience of the late 80s/early 90s price declines and what caused them and if there are any similarities to the current trends. + +It’s such a big financial decision to buy a home and it would be so unfortunate to buy and then have prices drop 20% with higher interests also meaning higher repayments! +please help me understand, why are we having a housing shortage post covid? + +did the population exploded or housing supply collapsed? I understand there are delays with new housing coming online, is this the cause? +I am taking home roughly 24k a year after taxes (also have been considering a second job) and have been considering buying some property and building a small one bedroom tiny house on it. I could snag a piece of property where i live for around 5-10k, and i assume 40-50k would be enough to build what i need. Although there is a lot of research i need to look into before going down this path, i thought it couldnt hurt to ask and see if you guys think this is a smart move for me. I live a pretty minimalist lifestyle, dont go out much, and dont really splurge with my money on things i dont need. I am currently living with my parents, and i really want to get out although my mom doesnt want me to move out AT ALL. My bills are very minimal. I have no car payment and only really have to pay for car insurance, phone bill, food, and some money towards my parents for staying at home. + +Do you guys think this would be a financially smart move on my end? + +Is there any advice you would like to offer me? + +If this is a bad idea, could you explain why? +Disclaimer: I hold no ICO tokens at all. I'm 100% ETH. + +I feel there is a lot of fear mongering in this sub; ICO scam this, greed that, bubble everything, ETH great depression, pitchforks shovels. + +Let me lay this out for everyone: **ICO's are good for ETH prices because it adds stability.** + +Now before you down vote this post, *I urge you to adopt an open mind and hear me out.* Let's ignore the fact that the amount of ETH being crowdfunded lately is record breaking. Let's focus on the effects of crowdfunding itself, with ETH, on Ethereum (notice the word 'on', that's the key). + +Two main reasons why I think ICO's are good for ETH prices: + +**1. ICO's are an economy built on top of Ethereum.** + +This means two things: + +* The price of ETH can directly affect the price of the Token in a positive or negative way. +* The price of the Token can only directly affect the price of ETH in a positive way. Negative effects are limited to the amount of market cap its raised. + +Think about these two statements carefully. Lets hypothetically say that Status development team disbanded, and SNT token is now perceived as worthless, the value of $275mil still exists in ETH because it was generated prior to the crash of SNT. However, let's say Status releases a kill dApp, price of SNT moons, suddenly you have a $275mil worth of SNT that's perceived to be worth higher, and the only way to increase the value of SNT, is to buy ETH, generating a DEMAND in SNT, and in ETH. + +**2. ICO's essentially acts as a long term lockbox for ETH, removing supply of ETH from the market.** + +* *"What if ICO company dumps all their ETH for lambos overnight?"* Yes, this could happen, but very unlikely. +* *"What if ICO company's ETH supply gets hacked?"* Yes, this could happen, but is still uncommon. +* *"But the ICO company is spending ETH to fund their projects!"* Yes, but any start-up would have a reasonable burn rate. This burn rate offers liquidity to the market at a controlled rate. + +Let's say a fundamentally huge bearish piece of news comes out for ETH today, and price of ETH starts to tank, how would the supply of 300k of ETH react in the hands of the general public, compared to, in the hands of the ICO company? + +* ICO company would have to sell more ETH to accommodate for their adjusted new burn rate. This increases the supply of ETH in a controlled manner, accelerating the effect of the price crash, but not sending it down in an exponential spiral. +* General public would most likely panic sell the whole 300k supply of ETH, flooding the market with a huge supply of ETH. This will most certainly generate more panic, causing a big volatile crash, sending ETH price down exponentially. + +If nothing fundamentally changes, no news, bullish or bearish, then supply and demand dictates that the price of ETH must go up since supply has been lowered. + + +Now I understand the reasons listed above are all hypothetical. In a free market, anything could happen. But approaching these hypothetical situations in a rational way, logic dictates that there is a higher probability for my scenarios to play out than any others. + +My point is, instead of adopting an extreme bias of 'MOON or CRASH', maybe consider the possibility that the ETH environment is evolving into a complex ecosystem. Not everything is as straight forward as pre-ICO times. + +**As Ethereum matures, so must we, as investors. Let's educate ourselves, broaden our financial intellect, and adopt a logical mindset to tackle new and emerging problems.** + +Discussions/criticisms are welcome. + +EDIT: formatting & grammar/spelling. + +EDIT 2: changed 'do' to 'must' in final statement. + +EDIT 3: Added "Negative effects are limited to the amount of market cap its raised." Had to clarify. + +**Final EDIT: I'm going to stop replying to anyone who makes a statement without any valid semi-thoughtout reasoning. This post is tagged a discussion for a reason. Walking in here accusing me or other users for saying silly things without saying why is as intellectually challenged as a 5 year old child calling Timmy gay for kissing a girl at school and running away. Use your brain people, you have one.** +A man walks into the farmers market. He needs some corn, so he approaches the corn stand. + +"Oh, you'll need some CornCoins to purchase corn," the attendant says. + +The man pulls up his phone and buys some CornCoins with his local currency. He then sends the CornCoins to the attendant. "Here you go!" + +Then the man walks over to the meat counter. A big sign above reads "MEATCOINS ONLY." + +The man sighs as he opens the exchange app on is phone again, locates MeatCoins, and purchases some. + +Finally he makes it to the cereal isle, but much to his dismay, every cereal brand requires its own coin. He checks his wallet and finds he is low on cash, but sees he has small amounts of CornCoins and MeatCoins left. He sells each one back for his local currency, but after fees it still isn't enough for cereal. Feeling defeated, he leaves the market. + +On his drive home he sees a billboard advertisement for a "Universal Market." Intrigued, he decides to stop by. + +Upon entering the Universal Market, he is greeted by an employee. + +"Welcome to the Universal Market. What currency do you indent to pay with?" + +"Uhh, here is what I've got," the man says as he shows his phone to the employee. + +"Great, I've set your preferences, now here is a list of vendors who accept what you have!" + +The man looks at the list that popped up on his phone. Most vendors are available with only a few grayed out. He walks over to the cereal isle and sees that he can now afford to buy a cereal box without the need to pay exchange fees. He grabs the box and pays a terminal in his local currency. + +On his way out, he asks the greeting employee, "What's the deal, how come you guys don't make me buy all these different coins like the other stores?" + +Smiling, the employee replies, "It's simple: we realized that at the end of the day, farmers cant pay their bills in CornCoins, so they have to sell them anyway. People have a much harder time transacting when they have to manage dozens of coins for every little segment of the economy. So we decided, why not skip a step and match buyers and sellers who can transact in the same local currency!" + +**Are we headed to a future of managing dozens of tokens to participate in the decentralized economy?** + +Many dapps (decentralized applications) have made tokens for themselves as a way to raise funds. These dapps give value to the tokens by forcing that token to be used on the dapp. It is in essence the same as a farmer forcing you to buy CornCoins to buy corn. On one hand, smart wallets can be made so that managing multiple coins is easier. But is that really the best way to build the decentralized economy? Would it not be easier and more efficient to have more general-purpose coins that allow buyers and sellers to transact without performing currency exchanges? I leave this story and question to the Ethereum community. +You are all bright minds here, mostly, and I wanted to share some ideas with you that I've been thinking about. + +Like many of you, I was drawn to Ethereum because of very passionate desires for the future of mankind, as well as my own. We can't forget the purposes with which we act for in this space. + +I'm vowing to let my words and actions better reflect the kind of world that I think we should explore in the future. Ethereum was well represented in this hope by Vitalik, described it in his writtenn"Ethereum 6.0 response", which I've read a few times on my YouTube channel out-loud. + +To see it all very slowly coming to life, is unreal, yet my concerns have grown with each passing day, because of increasing apathy that I've felt (and many have feel) as KYC/Tax-concerns/regulatory-concerns/much more, have become such distractions from the creative drives, in us, which burned to usher in this new platform (a.k.a. Ethereum, or Web3, or IoT) for governance, possibly even enabling fairer, censorship-resistant, verifiable interactions between humans & machines, into the future. + +I want to imagine voluntaryist communities where I've opted onto (and maybe another blockchain is that community), where I'm not punished for leaving. I just miss out on that virtual economy. + +I'm tired of gerrymandered nations, and city lines, that keep me from moving as I desire, because third parties have political agendas which my moving would violate. + +I'm tired of paying a tax, unless it's for the fees in the network I use. + +I'm ready to help drive forward the vision that many of us signed up, while focusing less on the bullshit. Let's speak up, and dream, people. Words and ideas matter. Don't let lack of money stop those two things that you can share for free, for the most part. + +Thanks for reading. I just needed to get that out of my chest, and hope you'll consider why you started working in this space (even investing is working, because of your vested interest in it's success). When you get past the money and profits, what kind of future do you want to living, and do you want generations to possibly live in? + +As I yell my dog Wallace, "think aboutttt itttt!" + +Let's all come together as enthusiasts, believes, builders, developers, content creators, users, business people, and evangelists to help with evolving a better society, when we need one most. +Between the 3 semiconductor stocks which one is your favorite and which one do you think can grow the most and have the best returns in the next 10 years or above? + +i presonally think all 3 comapnies are great and can have very impressive returns in the long run. +# Last Week's Review + +We hit some home-runs last week with AMD, CLF, and TLRY. All of which were up over 20% at one point. The other names are not doing too bad either and IMO still “consolidating” with their charts & technicals. Here’s a snapshot of the ticker performance from the last two weeks. In the same time-period SPY has gone up 3%. + +https://preview.redd.it/b0g8wtx6mte71.png?width=774&format=png&auto=webp&s=28e727f9ead432e46e22074c9489e03a8fbc44f0 + +&#x200B; + +I exited my position on CLF as I felt it was beginning to get into the “red zone” I talk about. The ticker has been on an unbelievable uptrend since the start of the year and the chart is beautiful. However, I highlighted below a short-term risk area after the stock has shot up 30% in 7 days (due to good earnings as well). It’s nearing the top of the trend channel and could potentially see a reversal. Either way, I protected my trade. + +&#x200B; + +Before we get into the tickers for this week here's a breakdown of some of my charting rules and terminology. + +# Chart Guidelines & Terms + +I use the term "meme stock" loosely as these aren't necessarily meme companies. I really mean that the ticker has a HIGH PROBABILITY to trend on social media and the stock price could be affected by social sentiment. The watchlist I give is usually comprised of tickers that have taken a breather after getting too hot from a social aspect. + +&#x200B; + +Moving along, I like to look at my charts from a risk-reward perspective. + +"Red Zones" are high-risk lotto plays. + +"Orange Zones" are a bit of a mixed bag between being too hot or early in the trend. + +"Green Zone" is where I try to buy. These trades are never guaranteed (nothing in life is), but from a risk-to-reward point of view they are in my favor. + +&#x200B; + +As always, this is not financial advice or a recommendation to buy or sell a stock. Please do your own research before entering any positions. + +&#x200B; + +# The Meme List + +&#x200B; + +**Skillz Inc (SKLZ)** + +I categorize this play on the meme stock list because SKLZ has been known to trend on various social media outlets and gain momentum through retail traders. This is a lucrative play and considered a YOLO with earnings coming up on Tuesday after the close. Looking at the chart the stock price is back to 3-month lows and where it was trading last December. + +It’s current valuation at $14 is still pretty rich (5b market cap off 270m in sales), but should the stock continue to drop it might become quite favorable. This ticker traded at $45 back in February and is down 60% since. + +There are many doubters in the viability of this company’s business model, but for a high-risk, high-reward play I like it at this current price. Having said that, ARK ETFs currently hold about 20 million shares of SKLZ. + +https://preview.redd.it/j7ns8wfcnte71.png?width=2558&format=png&auto=webp&s=98f2044dc2a34e2b8b1df98f8b2a8a22f5a98070 + +&#x200B; + +&#x200B; + +**Peloton (PTON)** + +PTON chart looks ready for another break-out to the upside. This could be a potential “fear of lockdown” play and any news of Covid variants will cause this to pop. Glancing at the fundamentals the company has quite a strong balance sheet with very little debt, and strong growth. Most analyst’s concerns on this name are regarding if the growth is actually sustainable for the long-term. + +At $118 per share the stock is nearing the bottom of the channel for it’s most recent trend over the last 3 months. + +https://preview.redd.it/xlljgnkdnte71.png?width=2558&format=png&auto=webp&s=377b626ef469edf1bef1f1e57f63bb872cb7ad39 + +&#x200B; + +&#x200B; + +**FuboTV (FUBO)** + +Last, but not least on the meme’s list we have FUBO. Remember the meme’s list are tickers that have the potential to gain momentum through retail traders and popularity. This can sometimes be a driving force and the truth is you need to be in on these names BEFORE the hype-train leaves the station. + +FUBO had exceptionally strong performance back in December last year when it hit $60 per share. Concerns over the company’s growth and sustainability have knocked the share price down by 60% and currently sits at $26. IMO we could be entering a green zone as the stock has traded sideways for a month now. FUBO reports earnings August 10. + +https://preview.redd.it/hhhr705ente71.png?width=2554&format=png&auto=webp&s=1a63ee2d3908f955b45ee2ad8afdee4fc882da56 + +&#x200B; + +&#x200B; + +# The BTFD List + +&#x200B; + +**Teladoc (TDOC)** + +TDOC is one of the leaders in the “tele-health” industry. It gained momentum and popularity throughout lockdowns, but as the world-reopened the stock price has tumbled. In March, Amazon also announced their entry into the tele-health services and investors did not like this increase in competition. + +This is a risky play and is potentially reliant on the lockdown catalyst, but at $148 per share and a 50% haircut from it’s 52-week high, I will be looking to enter this position. + +https://preview.redd.it/mu0ufnpfnte71.png?width=2556&format=png&auto=webp&s=19e074e533d51665dd9a9273c59bb3dcc5acb142 + +&#x200B; + +&#x200B; + +**American Airlines (AAL)** + +American airlines is a re-opening play. Travel is nearly back to pre-pandemic levels and most “re-opening” stocks are still trading at a discount due to future uncertainties. + +The chart for most airlines will be quite similar to each other, and in my opinion the worst is behind us. I’m looking for short-term upside on this one before the trend breaks down again. + +https://preview.redd.it/urudccegnte71.png?width=2554&format=png&auto=webp&s=94cac360b0279142c64e47042c42fdd996f85c07 + +&#x200B; + +&#x200B; + +**Micron Technology (MU)** + +Out of all the semi-conductor plays it always seems like MU gets no love. AMD and NVDA are performing very strong, but MU seems to be the laggard. MU is trading at a PE of 21 while NVDA and AMD trade at 92 and 37, respectively. + +MU just posted very solid earnings and the macro environment should be a strong driver of growth for semi-conductors in general. There has been a chip-shortage for some time now affecting many industries and all this pent up demand will last into 2022. + +I thought this stock was going to continue it’s breakout at $95 a share, but it broke down starting in April and may have found a bottom at $77. I like MU here and might enter a position. + +https://preview.redd.it/oegg5jwgnte71.png?width=2550&format=png&auto=webp&s=eb72bd73ec1eedbeebad5b81c17168db4c370d16 + +&#x200B; + +# Closing Thoughts + +That’s the end for this week. Remember, investing is about PAYtience because it pays to be patient. There are A LOT of uncertainties in this market right now which means it is not the time for crazy YOLOs. We have risks from inflation, covid, rates & QE tapering, re-opening risk (or lack of going back to “normal”). + +The VIX might not be close to the highs, but volatility is STILL HERE. We are seeing 2-5% daily swings in a lot of stocks right now. If anyone remembers before the pandemic you would be lucky to see a 2% move in most names. + +Hope you all had a great weekend and I’ll be back next week. Just FYI I might start adding a mid-week update some of the weeks to spot existing up-trends, down-trends, or tickers hyped on social media. +My Grandmother is selling her home for 430k in Maryland, the place burned to the ground a few years ago and is basically brand new. She is gifting equity of 10% to me since I have just graduated and have no money to put down, my salary at my new job is 95k. The mortgage lender worked out that my mortgage would end up being almost $2200. Would it be a good financial decision for me to purchase it ? I'm just looking for advice or reassurance because I'm kind of a Mr.Krabs when it comes to spending money. I don't want to see the property leave the family either, its a great home in a great neighborhood. + +Thanks +Hey apes, hope you guys are as jacked as I am about the eventual MOASS. While we don't know exactly when it'll happen, we indubitably know that it WILL happen. Every sign points to it, all the DD is there showing that the shorts **have not covered**, and all of the happenings indicate that there is clear pressure to try and push this stock down, although we know eventually the counter-parties that be (Gamestop, Inc., long whales, DTCC, SEC) are getting their domino's lined up to get this damn thing over with. + +Since we will all be literal millionaires soon, there have been plenty of posts from "financial advisors" or even arm-chair advisors that suggest how you should carry on post-squeeze, with your new-found gains. + +Please allow myself to throw another piece of advisory into the pile, as it appears no one has really addressed the aspect of capital-gain tax-deferral that I specialize in. + +But first, a bit about myself: + +**I have been investing in real estate (commercial and residential) for two decades now.** I started off with the very well-known fix-and-flip residential homes, and have since transitioned into commercial real estate flips. It would be an overstatement to suggest that I'm also a commercial real estate developer, but I did acquisitions, negotiations, deal brokering, lease structuring, and project management for THREE build-to-suit development projects partnered with a Fortune 5 company. So I do have experience within that realm as well. I did about a dozen commercial deals from 2017-2019 which yield a levered 138% return on investment for my investors, with average holding period per property of 8-12 months. + +I'm currently working on a hybrid debt/equity fund that will help struggling homeowners that were impacted by COVID, as well as profit from these distressed opportunities. This is what I've been keeping myself busy with until the MOASS hits, it's incredibly fulfilling work - as I can apply my knowledge of the real estate game to actually help pandemic-impacted families, and help them get back on their feet. + +Anyways, enough about my background (certainly I can provide more if this post gets traction and I have some interested parties), **THE PURPOSE OF THIS POST IS THIS;** + +# TL;DR - YOUR CAPITAL GAINS (LONG-TERM AND SHORT-TERM) FROM THE SALE OF YOUR GME STOCK CAN DIRECTLY BE INVESTED INTO REAL ESTATE, TAX-DEFERRED. + +**What does this mean, and how does it work?** + +[Opportunity Zone FAQ from IRS Website](https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions) + +[Addl. Info about Opportunity Zones](https://badermartin.com/want-to-defer-or-reduce-capital-gains-tax-looking-to-invest-in-a-real-estate-or-other-business-what-to-know-about-the-tax-benefits-of-opportunity-zones/#:~:text=In%20brief%2C%20if%20you%20reinvest,your%20new%20investment's%20future%20appreciation). + +Through the tax reform act of 2017, the previous administration (and congress) passed a program called the OPPORTUNITY ZONE - which does the following to defer capital gains: + +1. Capital gains (the profit that you make, let's say you make $10,000,000 and originally invested $1,000 - your capital gain is $9,999,000) are completely deferred. +2. You do not have to pay taxes on these gains, if they are invested in as QOF (Qualified Opportunity Fund) +3. After 5 years, 10% of the original capital gain amount is completely excluded. +4. After 7 years (total, not on top of 5 = 12), 15% (total, not 25%) of the original capital gain amount is completely excluded. +5. After 10 years, the fair-market value of the new real estate development is STEPPED-UP (example, we all put in $10 million to acquire and develop, we did a great job and after 10 years it's worth $25 million, the capital gain of the $15 million is completely avoided because the basis is stepped-up. That's $15 million tax-free appreciation!!!!) + +This kind of needs a TL;DR as well. here it is - + +\-Typically you'd pay \~50% of your short-term capital gains to Uncle Sam in taxes. $GME Gains will probably be short-term capital gains unless it takes over a year to MOASS (it probably won't). + +\-Through the Opportunity Zone tax deferral program (completely legal) you can defer all 50% of that tax. That means, pay none of it (as long as you invested into a Opportunity Zone property or QOF) for 5-7 years, at which point you pay LESS taxes. And after 10 years you make insane tax-free gains on the deferred property. + +In the above real-example, here are the two scenarios on which you may find yourself: + +# Situation 1- + +$10 million in capital gains from GME. You pay $5 million in tax. You have $5 million to play around with, invest back into the stock market, invest in other assets, etc. + +# Situation 2- + +$10 million in capital gains from GME. You invest $5 million in a QOF. You pay 2.5 million in taxes, and have 2.5 million to play around with. Your total "after-tax and investment" monies will be $7.5 million, and the 5 million invested in real estate will pay you income (rental income), will appreciate over the long term, and will also appreciate tax-free. + +**Why invest in real estate?** + +\-Real Estate is known to be one of the best builders of generational wealth. + +\-US Tax law is EXTREMELY favorable for real estate, another tax-deferral strategy is called the 1031-exchange, which let's you trade your property for new (or several new) properties, tax-free. + +\-Real estate brings in actual income for your money, from which you can spend freely. + +\-The opportunity-zone program is literally the first and only time that investors can pull capital gains from DIFFERENT ASSET CLASSES (in this case, securities/stock) and place it tax-free into another asset class (real estate). + +\-The necessity to diversify your wealth is extremely important, here is a once-in-a-lifetime opportunity to place it into real estate with extremely powerful tax benefits. + +\-With the Opportunity Zone program, Uncle Sam is encouraging placement of money into low-income areas. This is the goal here, we are improved the quality of life for historically impoverished areas. + +\--- + +For what it's worth, my plan all along has been to invest into a qualified Opportunity Zone property so I can pretty much keep my full capital gain basis, invested into a income-producing asset, and take advantage of Uncle-Sam approved tax deferral. I wasn't sure if I was going to publicize this tax-hack, because there are only so many Opportunity Zone properties in the United States. However, I think it would be extremely wise if we aggregate our gains and established a QOF ourselves, investing in and developing Opportunity Zone properties at bigger scale. + +If this post gains traction, I can further explain any questions, but I hope you all can appreciate how insane this opportunity is for us future millionaires. + +EDIT 1 - Obviously this is only applicable to US Gorillas, all other countries clearly have different tax implications. + +EDIT 2 - This strategy is tax DEFERMENT not tax AVOIDANCE/EVASION. For those who don’t know the difference and are suggesting that I’m encouraging not paying your taxes in any capacity, go google the differences. The taxes are absolutely paid, over a longer time horizon (you pay property taxes, income taxes on the rent, etc.), and there is absolutely a better effective tax rate due to the risk of investing in undervalued areas. It encourages investment in historically distressed markets. This is a great program, and investors can preserve more short-term capital, create more long-term wealth, WHILE STILL PAYING UNCLE SAM HIS MONEY. +TL;DR What is the fastest way to grow my money, reliably and unreliably? + +After taxes my biweekly check turns out to be a little over $1300. From there, my expenses look sort of like: + +* Rent: $1000/month. I live at home, so all this money goes towards the mortgage on my parents house. The $1000 is a personal choice of mine and is only high because I want to help my parents out as much as possible. +* Gas: $150/month +* IRA: $500/month. I know this is not really an "expense" but it is money that disappears from my paycheck. +* Health Insurance: $70/month. This includes dental +* Eating/hanging out: \~$200/month. On average, it's probably closer to $100/month, but in some cases, it does get that high if I buy birthday presents or something as I'm fairly generous when it comes to presents. + +That's it, everything else (roughly $700) goes into a savings account, a managed portfolio, and gets invested through Robinhood and my personal business (which currently doesn't generate enough income for me to include it). + +What I have saved up so far: + +* Savings Account: $5000. This is mostly an emergency fund for whatever my family or I may go through. +* Portfolio: $3000. Not 100% sure how these work, I'm sort of just using it as a second savings account. On average, the growth seems to be quicker than the pure Savings Account, so I just keep dumping money into it. +* IRA: Just started it last year, maxed it out for 2019, I plan to max it out every year until I can no longer work. This is really just a safety net for if my dreams don't pan out as expected lol. Maxing out my IRA gives me the confidence to dump more money into my business, learning new skills, and investing in the market. + +My goal in detail: + +I want to buy a house and generate some passive income in Irvine/surrounding area. I don't really have a desire to live in Irvine, I just know Irvine's rise in the business world is too great to ignore, so I want to jump on it as soon as possible. I have no problem living at home, so this purchase will be purely profit motivated. + +Misc Facts: + +I work in photography, I have no degree, and no credits at any school. I didn't have money for college, and I started making money doing what I wanted to do straight out of high school, so I never went to college. Now I am very focused on the money, and I know photography will never get me there lol. I am currently looking for a job in real estate, not sure exactly what I want to do, so I'm looking for entry level assistant jobs to learn the industry from someone more experienced. My parents are older, but they are healthy. They have about $200k still left on the loan for this house. I believe they will pass before they are able to fully pay it off, but my one sibling and I will receive the house and both of us have already had numerous conversations about renting this house out and splitting the profit 50/50. We are very close and there is no hostility between us. There is also nothing between my parents and I/sibling, we are all a close family and money has never gotten in between our relationships. + +Questions: + +* What's the best way to grow money, assuming I continue my current job and keep my current income? Betterment shows that in order to reach my goal of a $150k downpayment in 10 years, I would need to dump about $1000/month into one of their managed portfolios. I can cut expenses or pick up more work and get there pretty easily, but can I reliably grow my money faster? Can I unreliably grow my money much faster? I am very willing to take risks. +* What would be the cheapest way to transfer the mortgage from my parents to me/my sibling upon their passing? +* Is real estate the right field to get into? I don't really care what I do. I adapt very easily and am pretty sharp. If you had 10 years, which "career path" do you think would produce the most assets (total) and knowledge within the 10 years? I don't mind going back to school, but would prefer not to lol. + +If you made it this far, thanks for reading! If you need to be brutally honest, please be. I want to hear what I need to hear to reach my goals. + +EDIT: I want to add that I have a good credit score 770+ that will continue to go up as I am fairly into credit cards and am constantly upping my total credit limit/payment history. I have 11 cards and counting, so I'm sure that won't be a huge problem when it comes to taking out a loan, but please correct me if I'm wrong. +I have absolutely no clue how investing works, but I do see that lots of people can build fortunes doing it. What I would like to do is set a realistic goal and achieve it, I just have no clue where to start. I have no idea how to invest in ways that make any money, I've tried before with very little if anything to show for it. I don't know how to raise the appropriate seed money to get going in a reasonable way, I don't know the strategy to build that kind of wealth. Is there a way I can take a few hundred dollars, open an account, and have enough money to retire on in ten years? + +Okay, I'm 36 years old. I work for a help desk making 37k a year. I do have a lot of student loan debt I'm paying off. I can manage to put asside a couple hundred every month if I really scrimp and save. I don't know if that helps. +I have around $50k in Fidelity index funds in my Roth IRA, and have gained about 20% across the board from my initial investments 3+ years ago. I have always been a cautious investor, and learned that going the index fund route for all investments is a safe bet, plus with low fees and expense ratios, it seemed like the most bang for buck. That said, the kangaroo stock market has me interested in throwing a bit of money at stocks to see what happens. I put in some money to AMD stock and already have a 25% return since initially investing a few months back. At 28 years old, I feel like I could be a bit more risky. +My understanding is that with the ROTH IRA, any money I make in that account, I will not have to pay taxes or capital gains when withdrawing. Would there be any advantage to dumping funds now that the market is quite high, and waiting to see how rocky this election is? Then buying funds again when there is a dip? With the current political climate, I really can't see the election going smoothly, leading to people selling across the board, regardless of who actually wins. Plus if we get into a constitutional crisis, even more reason to be out of the markets. + +Any thoughts on this? Is this a super rookie move, and should I just stick with the bogleheads methods of long term strategy? Can we even have long term strategies in the current day and age? +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 apologize for using a throw away I'm honestly just depressed I got to this point in my life, and I don't want people that I know seeing that I'm in such a poor state. Well basically my mom got remarried and they moved into a new place together but her new husband wouldn't allow to move in with them also so I had a rather immediate change in life-style. + +I'm currently working around 25-30 hours a week at Burger King for $8.50 an hour. I get paid every two weeks. I pay $140 a week for my rent at the apartment I'm staying at (includes all utilities). I'm currently paying $40 a month for internet even though I probably can't afford it but I don't know what to do with myself without it even though it's a horrible decision probably. + +To get to the point does anybody out there have any advice on how I can make it? I'm guessing getting rid of my internet is a start. Maybe even cancelling my cell-phone. I'm just worried about how I can feed myself right now currently. For the moment I'm just eating ramen noodles which is a pretty great value. I've been eating two of them a day, and a bologna sandwich everyday since I moved in for my daily meal. I currently have $20 to work with for the next few weeks so if I can get some tips I'd love you forever. + +Thank you for your advice to those who post! + +Edit: just got home from working I'll be looking at replys. I'm overwhelmed by the responses here please give me a little time. + +Edit2: I'm in Michigan sorry forgetting this detail +Been awhile since I made a post educating you retards, throwing pearls before swine. I've been disheartened by some of the comments I've read recently and just wanted to provide some tips for the genuine noobies/retards among us. If you already know this shit, congrats, move along sir. + +Take a look at my previous, more advanced guide to some theta gang theory for those looking for something a bit more in depth: [https://www.reddit.com/r/wallstreetbets/comments/iz68r4/how\_to\_consistently\_outperform\_the\_sp500\_using/](https://www.reddit.com/r/wallstreetbets/comments/iz68r4/how_to_consistently_outperform_the_sp500_using/) + +Without further ado... TOP 5 TIPS Every Noobie Trader MUST Know. + +# 1) You MUST understand Implied Volatility. + +I made this the first point because it is the gigantic mistake I see noobies here making again and again. I'm talking to you, people who bought calls on PLTR at $30. **If you learn anything from this post, you MUST learn this.** + +You see a stock make a massive move either up or down. Your immediate response is "this is a great opportunity to buy calls/puts on a volatile stock!" Right? WRONG! + +In fact, when a stock has just made a massive move in either direction, that is perhaps the WORST time to purchase options in EITHER direction. Options are not stupid. Options are designed to price in the fact that a stock is moving wildly. This is called "implied volatility." They become more expensive as a stock makes more dramatic moves, to price in the volatility you and everyone else is expecting. + +It's quite possible and even likely that you buy an option on a high IV stock, and the stock moves in your direction, and yet you LOSE money, because it didn't move as dramatically as was expected by the implied volatility. **This is called "IV crush."** It only takes one or two experiences with IV crush for most traders to learn this lesson for life. If you understand this concept before you lose a ton of money, all the better. + +**So, what should you do if a stock is highly volatile and options are expensive due to IV?** + +There are two choices: Trade actual shares, or SELL the options rather than buy them. + +If you are bullish on a high IV stock, you can take a bullish position by SELLING a cash-secured put rather than buying the call. If you are bearish on a high IV stock, you can take a bearish position by SELLING a call rather than buying a put (although this entails greater risk and will typically require higher options trading level by your broker). + +# 2) You MUST have patience. + +It's a tale as old as time. A noobie investor does some research, reads some DD, and is convinced a stock is going to rise over the next couple years. So he buys in. A bad day or two hits and the stock tanks. He panics, and sells. The next couple days the stock rises and appears to stabilize. So he buys back in again, because he still believes in his thesis. The stock drops again, and he panic sells again. + +In reality the stock is just trading sideways, but this idiot keeps buying on green days and selling on red days. This is perhaps the most idiotic, suicidal strategy anyone could ever employ. Buying on green and selling on red is a surefire strategy to lose money consistently over time. + +This is why you MUST remove your emotions from your trades, because your emotions will usually tell you to buy on green and sell on red, literally buy high and sell low. As the boomer Warren Buffett once stated: **"The stock market is a device for transferring money from the impatient to the patient."** + +Here is a better approach. Set up your entire trade BEFORE you make the trade. Have a set price you will sell at if things go south. Have a target price you will sell at if things go well. Once the dust settles you can learn from any mistakes. Were you too aggressive, or too conservative in your targets? What emotions directed you to make those mistakes? Too much greed, too much risk aversion, too LITTLE risk aversion? Make every trade a learning opportunity. + +# 3) You MUST understand "Reversion to the Mean." + +In general, stocks will tend to revert to their trendlines. + +This thesis is fairly simple. If a stock moons 10% in a day, the most likely event is a drop the next day. If a stock tanks 10% in a day, the most likely event is a rise the next day. This is because humans are emotional creatures. First, they overreact to big news. Next, one of two things happen: When the stock is way up, people see it as a profit taking opportunity, so they sell. When the stock is way down, people see it as a buying opportunity, so they buy. + +I don't have any hard data to back up this thesis, but I'm sure there's a bunch of nerds out there with hard data that proves exactly this, as well as trading algorithms specifically designed for a "reversion to the mean" strategy that are consistently profitable. + +Obviously there will be exceptions, as well as times when a big move signals a shift in the trendline. All I am saying is in the MAJORITY of cases, reversion to the mean will occur. Don't go chasing stocks that have made massive short-term swings in a single direction unless you have strong reasons (not just hopes) to believe the trend has changed. + +# 4) You MUST not YOLO your account more than once (or twice). + +This is going to be controversial for some of you. But it's just straight math. If you keep betting your entire account, or close to it, on single trades, **it's only a matter of time before you go broke. That is a mathematical guarantee.** + +Let's say you are one of the most skilled, intelligent, informed investors on the planet (doubtful). So skilled your plays are 90% correct. If you bet your entire portfolio on each trade, you are still expected to go completely broke after around 10 trades. + +Let's say you aren't a brilliant stonk gambler. Let's say you are just average and your trades are a coin flip (which is generous for a lot of you retards). **If you bet your entire bankroll on each bet, on average you will go completely broke in just 2 trades.** + +Again, there is a lot of complicated math we can go through to predict account explosion times and optimal bet sizing and so on, but that isn't necessary here. Professional gamblers such as poker players have refined bankroll management theory, which usually means at the least they aren't putting more than 10% of their cash on the table in one sitting, usually closer to 5%. (Take a look at the "Kelley criterion" for an interesting read: [https://en.wikipedia.org/wiki/Kelly\_criterion](https://en.wikipedia.org/wiki/Kelly_criterion)) + +I know a lot of you are broke with no life prospects and hoping to get rich quick. I don't fault you for that, I get it. The problem arises when you see the people who got insanely lucky with guessing 10 coin flips in a row who turned $1000 into $1,000,000, and hope to do the same... **but for every one retard with a record like that you've got hundreds more who lose it all and have nothing to show for it.** + +I won't fault anyone for making a gigantic, life-changing bet a single time. That is your choice to make, and it just might pay off. But if you think you are going to do that again and again and survive, you are delusional. + +# 5) You MUST be Skeptical... of EVERYTHING. + +Fools and their money are soon parted. Don't be a fool. + +Your first instincts when hearing ANYTHING should be skepticism. Your friend has a hot stock tip? Start with skepticism. Some online DD on a meme or penny stock online sounds convincing? Start with skepticism. A highly respected financial or government agency gives future guidance on whatever... again, start with skepticism. + +There are a million people out there trying to take advantage of you, to pump and dump you, to scam you, to trick you into spending more money on whatever. + +There are times when being a conformist pays off, like when markets rally for months straight. There are times when being a contrarian pays off, like when markets tank and sectors collapse. Don't be a consistent conformist nor a consistent contrarian. Be skeptical of every thesis and every hypothesis you hear, or even the ones you invent yourself. + +When you take this approach honestly and still become convinced of a thesis, you have a higher probability than most of being correct. + +**Seek out opinions that contradict your biases, not opinions that confirm your biases.** This is incredibly difficult and goes against human nature, but if you can achieve this ideal, you will out-trade 90% of the public. + +Edit: Holy fuck this thing has 255 awards... I don't even know what to do with this gay reddit coin shit but I have 2.9k now so thanks? +ALPP is soon to uplist and manufactures for Tesla, Apple and other Fortune 500 companies. Earnings report is out soon and once Nasdaq clarifications are complete it will uplist bringing eyes on it from all trading platforms. It is a steal at the current price so this may be the last chance to buy! +Via [Bloomberg](https://www.bloomberg.com/opinion/articles/2022-03-10/ukraine-war-should-cause-fed-to-slow-down-its-rate-hikes?sref=q1j4E2z1) (non-paywall link at [archive.is](https://archive.ph/7zYIA)): + +>The U.S. Federal Reserve is widely expected to raise interest rates by at least a 25 basis points next week. And if inflation stays high, the Fed is “prepared to raise by more than that” in the coming months, Chair Jerome Powell said last week. +> +>That would be a mistake. After next week’s hike, the Fed should hit pause for at least the next several months and possibly through the summer — even though the war in Ukraine will no doubt make inflation worse in the U.S. +> +>It’s unclear how bad the conflict will get, the effect it will have on the region and whether it will lead to a global recession this year. The probability of that last is less than the most extreme predictions, but is nonetheless real. +> +>A more aggressive Fed might use a recession as an opportunity to rapidly bring down inflation by sticking to its rate-hike schedule. That is risky policy, and one that [Powell seems disinclined to take](https://archive.ph/ybhBA). If a recession hit, it’s likely that the Fed would simply have to reverse any rate hikes it had made in the preceding months. +> +>A see-saw pattern in rates would weaken the overall impact of the Fed’s policy. Consider, for example, the plight of a homebuilder who cuts production next summer in response to rising rates. She is not likely to increase production immediately if rates fall in December; she’d want to wait for a signal that rates will remain low for a while. From the Fed’s perspective, it would be more effective to leave rates alone, encouraging her to keep production high for the next several months. +> +>There are also risks to consider beyond outright recession. The direct costs of higher energy and food prices will cut into consumer savings. Even more important, spiking commodity prices are likely to dent consumer confidence, leading to reduced spending on other items. +> +>Another consideration is the effect of the war on developing markets around the world. Higher food and energy prices will hit their economies harder. Global uncertainty will lead investors to move funds out their markets and into the U.S. That could cause a drop in the demand for U.S. exports, which are geared toward investment goods such as heavy machinery. That would reproduce some of the effects of the mini-recession that swept the Midwest in 2015 and 2016. +> +>At the same time, money flowing into the U.S. from both developing markets and Western Europe will cause the dollar to rise and the relative prices of imports to fall. As consumer spending shifts toward imports, that will cool some of the underlying inflationary pressures in the U.S. +> +>The near-term environment is complex. It’s unclear how long the war will last and how far-reaching its effects will be. The ideal Fed response, however, is straightforward: **Go ahead with the rate hike next week. But make it clear that there won’t be any more for at least two more meetings, and then only as the fallout from the war in Ukraine becomes more certain.** +Link to story: https://www.reuters.com/article/us-global-oil-usa-reserve-exclusive/exclusive-us-aims-to-lease-space-in-emergency-oil-stockpile-after-buying-plan-canceled-sources-idUSKBN21I3NG + +Another Related Story: +Chinese buyers snap up U.S. oil purchases at widest discounts ever + +https://www.reuters.com/article/us-global-oil-usa-china/chinese-buyers-snap-up-u-s-oil-purchases-at-widest-discounts-ever-idUSKBN21J4UO +Hey ya'll. First and foremost I'm hoping everyone is safe and sound during this time. + +Welcome to the world of trading. I will make this post very simple and straight to the point because newcomers that I am aware of are making me CRINGE by the way they speak and are investing into stocks, not only in this sub, but including people I personally know. + +1. DO NOT spill your life savings into trading. + You have worked very hard to make that money. The last thing you need is all that money disapearing in a blink of an eye. Start off with an amount you can truly play around with - and do not jump into the get rich quick scheme by dumping everything. Even if it's just $100.00, it's a great amount to get a feel for the market. + + + +2. DD - Due Dilligence + This means to investigate on a particular stock you are interested in investing. How so? View their accessible financial records, see how they have performed in the previous years, what situation they are in, etc; That doesn't mean, "Oh, someone told me Daddy Tesla tweeted about a Woof Woof currency so I'm going to dump my money there." +Or another example is with people claiming that a certain stock will jump extremely high so "get in right now!!! 🚀." +NO. Just no. +I am not saying ALL those individuals are ill-minded or trying to get you, but if you come across something like this, then research "Pumping and Dumping". (Quick Answer. +Please, do your own research. I understand everyone wants to make money, especially during this horrific time, but you must do your own part as a trader and not rely or leech of others. Be Smart. + + + +3. Set a target price and limit for a stock and don't be GREEDY. + As you see the stock you have invested in is slowly increasing in value, your mouth will get watery. Pretty soon it will get to the point where it gets so high that in an instant it can DROP, causing water to now come out of your eyes. +I know we want more and more, but especially if you're trading for short term, set a price you would want to sell at. Example: + +BAD: +Let us purchase this stock at $0.25, we shall sell at $0.30. Oh wow it's at $0.30, okay let's sell at $0.32, it will surely hit. Ah shit, it hit $0.23 , we have to sell this just so it doesn't go lower. + +Set a limit order ! This will automatically sell at the target price you want it to. Once you get your profits, take off and don't look back saying you wish you invested much more and longer if the stock value decides to increase. Be happy! A profit is better than no profit and/or losses! + + + +4. Educate yourself + Read up on stocks ! How they work, the meaning of stocks, puts, NASDAQ, ETF's, etc; Familiarize yourself with trading terms. Watch YouTube videos on how to get comfortable with the market, beginner videos on trading, live trading with professionals, etc; Feed yourself knowledge. The more educated you get, the more serene your experience will be within the market. +"Any fool can know. The point is to understand." ~ Albert Einstein. + +5. Handling losses. + If you are losing a substantial amount of money from what you have deposited and it is affecting you mentally, physically or is causing you to be in a depressive state you can't escape, then you shouldn't be trading anymore. You have to learn to handle losses. Every trader goes through a loss or failure as so does every human being excluding trading. It was your idea to get into trading, so you should be aware of risk consequences. +Learn to enjoy the whole journey man regardless of what happens. Have fun every step of the way and don't let certain things get to you. I've had my losses in the market and I am glad to say it hasn't bothered me one bit. Life is meant to be enjoyed, not to be lived with sadness. + +Best of luck to all of us traders and I wish you nothing but success for this brand new year and the years to come. Please feel free to post other pieces of advice as I am fairly new to the stock market as well (been roughly a year). Thanks for reading. +Hello everyone! + +So here’s my story: I’ve always been really interested in economy and how different markets work etc. +I recently turned 18, which made it possible for me to start trading in the stock market. I’ve read a couple of books on the subject and have invested in a couple of funds but would like to learn how to invest in stocks on my own. + +I would be really happy if any of you could share some advice about how to start getting into the stock market a bit deeper, for example learning to evaluate companies and different markets etc, as I really think I would enjoy that. Recommendations of good books or videos are also highly welcome. + +Thank you! + + +Edit: Just wanted to thank everyone that has taken their time to help me out! Have received loads of advice and will make sure to go over everything in the next couple of days:) +I was reading the other thread where some people wish they could trade all the millions they have to be 25 again. It made me think that our 20s are probably the most precious since it's when we peak physically. There are some things we'll never be able to do later if all we just let it go to waste in the name of FIRE. + +I think in general, you can achieve FIRE on a 45-50% savings rate in 20 years. So... what if someone in their 20s just puts away the 401k amount for employer match, and spends everything else on experiences such as crazy travel and treks around the world, going out with friends, and just having a blast. Then around 30, start their FIRE journey. By that time, their income should've doubled or tripled, and should be a reasonable lifestyle to live on for a 50% savings rate. They'll also settle down and maybe get kids. Kids will take 18-20 years to raise (2 kids 2 years apart), and you can't go as crazy living your life to the fullest while taking care of them. During those 20 years, they're on that FIRE journey with their spouse, and finally when the kids go off to college, it's the perfect time to RE. + +They're 50, they had all the nice experiences taking advantage of physical youth in their 20s. They leveraged the boring middle to live the frugal life raising kids. Then they are able to experience financial freedom at the best time, when kids are gone and are still healthy. Those 20 years of frugality are also a great environment to teach kids important financial concepts. They can go on more relaxing trips, and many of their friends are also retiring in their 50s, so it's not lonely. They also have the experience and energy to start business ventures if they want. + +I feel like that's a way more attractive life than grinding out the 20s and lose that one chance at enjoying youth forever, only to retire in the 40s when kids might still be in their teens, and so you don't really have youth, nor do you have true freedom, unless you'd like to spend a lot of time with teenagers (they probably don't). +Anyone else deal with chronic pain or other conditions and wonder about the longevity of their career as impacted by that and trying to save as much of their income while they can in hopes of getting out sooner? Additionally, please share any knowledge of disability coverage. + +Obviously not the only reason I want to FIRE, such as freedom, mental health, and the ability to spend free time doing what I want to do, but I'm genuinely concerned how many years I can sit at a desk. +If people are poor they can’t afford anything, so companies have to bring prices down. I get that. How stupid is that? Let capitalism work. If people can afford things, the cheapest price will still usually prevail. Let companies fight it out in the open market. What am I missing??? +Hi I don’t know if this is the best place to ask this question but I need some opinions. + +I know advisors help you get financially stable but I’m not sure if I should spend thousands on an advisor? + +I 26F am thinking of getting a financial advisor to plan for my future. I have goals of buying a home, paying off debts, retiring early and being financially secure. I’m pretty good with my money but having help from an expert would be nice. + +I know it’s definitely worth it. I just don’t know if I should do it now or wait until I’m a little bit more financially stable? + +For context I live in southern CA (housing market is ridiculously expensive) I make $45,000 USD a year. I have about $17,000 saved and/or invested (401k, stocks, and a high yield savings account.) I owe $25,000 between my car loan and school loans. +I still haven't gotten over the family issues. It's tough. Sorry for not updating. + +I'm still holding my 500 MCD position. Like I said [in my previous posts](http://www.reddit.com/user/throwaway50k/submitted/) I had a good faith in MCD. This company just can't go anywhere. Today's stock price shows that. The stock is at $103.62. + +I didn't write any calls since my last update but I did collect $385 dividend in December and $385 dividend in March. + +Totals by month so far: + +* Month 1: $980 + +* Month 2: $897.5 + +* Month 3: $322.5 + +* Month 4: $72.5 + +* Month 5: $357.5 + +* Month 6: $87.5 + +* Months 7 - 9: $350 (dividend on 500 shares of MCD). + +* Months 10 - 12: $385 (dividend on 500 shares of MCD). + +* Months 13 - 14: $385 (dividend on 500 shares of MCD). + +Grand total: $3,837 ($274 average/month). + +If I was to sell the stock today, I'd cash $103.62\*500 = $51,805. I bought the stock for about $100, so I'd profit $1,805 ($100\*500 - $103.62\*500). That would bring the grand total at $3,837 + $1,805 = $5,642, which is $403 average per month! + +Had I written some calls in months 10 - 14, the average would be closer to $440 or $450, which is really close to the goal of $500 per month. I'll make a bold statement at this point and say that *it is possible to make close to $500 per month with $50k writing calls*. + +I'll try to get myself together today and I'll sell some part of my portfolio and diversify my stock, so that I don't run in the issues I had earlier when the stock fell too much and I was unable to profit much from the covered calls. + + + +See you soon guys! +I understand how high interest rates can cause a recession, but what I don’t understand is how the speed at which we get to those level affect the probability of a recession. If we are going to end up at the same interest rate, why does it matter how long it takes to get there? +So you bought $BB at $11 pre-market friday. Smart move my fellow degens 🚀🚀🚀🚀🚀🚀🚀 strap in, cause you're in for a ride to the moons of fucking pluto. + +TL;DR Blackberry/AWS IVY will be in every single vehicle produced after 2022. EV or ICE, self-driving or boomer driving, it doesn't fucking matter. It 🚀 will 🚀 be 🚀 in 🚀 every 🚀 single 🚀 one 🚀 Oh, and Blackberry QNX Neutrinos RTOS is fun too. + +Before you start reading, I'd suggest grabbing a snack and a drink. Cause I'm about to drop a fucking novel. + +You've probably heard Blackberry QNX a few times around other DDs but you're wondering wtf is it and who the hell is even using it. QNX is an Real Time Operating System (more on this later) meant for vehicles, and it's been around for a really long time. Currently there are at least 175m cars running around with QNX. As for what cars those are, I'll keep it short: Apple Car Play was developed on QNX. + +So why haven't we heard more about Blackberry in recent years since there's so many QNX cars around? 2 reasons. 1: Dumbasses like you thought it was a phone company. 2: QNX is so ahead of the fucking game that boomer auto manufacturers like Ford and Mercedes were too stupid to use it effectively. For the last few years it's just been used to turn on your car's radio. *But things have changed now.* + +**Zombie cars and QNX** + +QNX is the first commercial microkernel RTOS. *What the fuck does that even mean nerd?* For anyone like me who's not a software genius, I've done some research so we all know what we're getting into. A Real Time Operating System is developed to focus processing power on two most important things: Speed and Accuracy. This is different from shit like Windows and Mac OS (General Purpose OS or GPOS) as they spread processing power throughout the system because there isn't exactly anything that's significantly more important than the others. However, when you're using a self-driving program you need the hardware to perform the action at the exact time and speed. Your self driving program brakes too late? Crash into the car ahead of you. Your self program turns the wheel too late or too soon? Crash into a wall. + +Blackberry has been working on this technology since 2014. But car makers literally couldn't develop autonomous vehicles fast enough. So these guys have just been twiddling their fucking thumbs. + +Fast forward to now, where the rise of Tesla has made everyone and their momma make a self driving EV. Everyone is trying to make their own autopilot *program* but not their own OS. So who's OS are they using? + +[SONY?](https://techcrunch.com/2021/01/11/sony-reveals-more-details-on-its-secretive-vision-s-sedan/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGWdfOT_GLnUXiZBQr4m4lDr6V0nzG6pkRMU6WLRNhsLRKDJHY4MAwxHb-HWZr3pDmEfBYyleSgqSAIjoeXMqU6MfKVSgBbWY5t8brOzZ61dAfzBMOQezOwKfHLLecBdHNEqSjqSskM_c-uUKa-IndxUGWi_Ay9pQMD4kj0iDqvI) Blackberry QNX. [Baidu?](https://www.chinapev.com/baidu/baidu-and-blackberry-unite-to-integrate-qnx-system-in-apollo-platform/) QNX baby. [XPENG?](https://www.caixinglobal.com/2020-08-26/washed-up-phone-maker-blackberry-provides-autonomous-vehicle-safety-system-to-xpeng-101597348.html) Blackberry as well. If you read the article, you'll see XPEV is using DESAY's autopilot program that's built on QNX. Know who else is using DESAY autopilot? [Li Auto](https://en.desaysv.com/index.php?id=4974) But what about Nio you might ask? Well on NIO day, it was announced that NIO will be using [Nvidia](https://www.blackberry.com/us/en/company/newsroom/press-releases/2018/nvidia-announces-world-first-functionally-safe-ai-self-driving-platform) DRIVE....which is also built on QNX. What about the Apple car? There's no confirmation yet, but rumors of them reaching out to both [Canoo](https://www.press.canoo.com/press-release/blackberry-to-power-autonomy-systems-in-canoos-next-generation-electric-vehicles) and [Hyundai](https://www.blackberry.com/us/en/company/newsroom/press-releases/2019/hyundai-autron-selects-blackberry-qnx-to-power-next-generation-adas-and-autonomous-driving-software-platform) makes me skeptical that Apple has succeeded in creating their own RTOS even after rumors of them starting 7 years ago. *But even if they did... it doesn't even matter.* + +You might have noticed that I didn't mention Tesla at all. That's because they have developed their own Linux-based Operating system, which Tesla has been having trouble getting it approved by US safety regulations. QNX on the other hand, already is. $BB to the fucking moon🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Linux is also an open source OS and this becomes a huge problem when we talk about zombie cars. + +That's right. *Motherfucking zombie cars*. You know that scene in "Fate of the Furious" where Charlize Theron straight up just hacks all the cars in the city and starts slamming them into buildings? Yea, this is a legitimate fear of the U.S. government and Linux is not going to pass any safety regulations. And you better believe after SolarWind and FireEye hacks, Cybersecurity is the hottest topic right now when it comes to national security. You better believe the U.S. Government won't just allow open source OS flowing around millions of autonomous driving cars that can be hijacked at any time of day. + +You know who does have MULTIPLE government certifications already though? Blackberry bb. I won't get it, but you can read [u/josh\_moworld](https://www.reddit.com/u/josh_moworld/)'s post right [here](https://www.reddit.com/r/wallstreetbets/comments/kxknrl/bb_dd_9_reasons_why_bb_is_from_former_bb_employee/) to get a better idea Blackberry's history with the U.S. government and security. + +The best part about it all is, Blackberry designed QNX to be 100% POSIX compliant. In dumbass terms it basically means any LINUX based program can be ported over easily. Come join the dark side, Elon. + +Now that you're pretty much caught up to speed on QNX, let's move over to IVY and why I believe IVY will be Blackberry's return to the throne 🚀🚀🚀🚀🚀🚀 + +**Blackberry x AWS IVY** + +IVY is a co-development between Blackberry and Amazon and it is a 50/50 partnership. That's right; Jeff Bezos, the second richest man in the world and king of predatory business practices chose to partner with a company that has a $5.5b market cap. All hail, John Chen 👑👑👑 + +So what is IVY? Basically IVY cloud-based software that OEMs can install into their QNX vehicles (or any OS) and read sensor data from the vehicle's DCUs (domain controller units). These are basically sensors that give you data such as: times that you unlocked and locked your car, your car's wheel speed sensors, wiper arm sensors, tire pressure etc. In a Tesla, which is loaded with sensors, you will also see: sentry mode data, when an small object hits your car while parked, how hard you step on the accelerator, how hard you brake etc. + +IVY basically captures this data and in real time sends it to OEMs for them to analyze. Cars are going to be fitted with more and more sensors (regardless of if they have autonomous systems or not) and the data that IVY provides is very helpful. This allows OEMs to see their customer's car preferences or driving styles and can further develop their future vehicles to match customer's interests. Also, since the data is transferred in REAL TIME, things like horrible weather conditions, traffic updates, and icy roads can be communicated to all vehicles within the OEM network so that people can be notified ahead of time. + +But you know which industry would *love* this? Insurance companies. OEMs can gather all the safety data that IVY delivers and actually PROVE to insurance companies that their cars are safer. You know how Tesla had to come up with their own auto insurance? That was because Insurance companies were charging crazy high rates for Tesla's that had auto pilot. They didn't know exactly how to rate the risk, or who would take the blame. With Blackberry IVY, OEMs and insurance companies can partner together and have reliable data to work off of. + +Best part of it all, IVY is extremely scalable and is a subscription based service. There isn't an exact price announced yet, but you know if Jeff Bezos is involved then there will definitely be a lot of profits flowing in from IVY. + +For me, I'm long-term on $BB with some options to take advantage of the recent hype. I plan on holding shares until I see an actual competitor to QNX and IVY... which I've looked all over the internet and I can't find any. And honestly, Blackberry's security suite has so much to offer this isn't even the complete DD. I've just been typing for too long and figured it was a good time to stop. Maybe I will write another post in the future. +Context: I was recently fired from my job at a factory after 11 years of hard works and perfect attendance. Most people here knows how factory jobs go: they demand more from you at times than you could physically give. So I broke down mid shift after they took away my helper (Our machinery needs at least 2 people at all time to function) and left me all by myself, and this wasn't the first time they've pulled this shit either, hell, it wasn't even the 10th time at this point. I also just learned that my daughter has contracted covid and is going through hell atm. I just couldn't take it anymore and decided I need to go home for the day. + +&#x200B; + +I vented to some coworkers a bit, then cleaned up after myself. I made sure nothing was out of place before I leave, then I'd clocked out. As I walked through the park lot to reach my vehicle, my manager, which I'll call Joe for now, called me and told me that they have fired me because of what I just did. Maybe not a surprise to some of you but it sure was for me when I got the news. I asked him if its ok I can literally just walked back to my station and continued with work but they refused. I was officially fired from my workplace of 11 years just.like.that. + +&#x200B; + +So thats what happened. I've already switched up my health insurance to something much more affordable. I applied for unemployment benefits the week I was fired and it was another clusterfuck but it seemed to work out fine. I checked my mailbox today and finally got a mail from the Texas Workforce Commission, in which they have decided that they couldn't pay our benefits due to, and quote:" Our investigation found you abandoned your last work by walking off the job and/or failing to report for work while work was still available for you. Your reason for quitting was not good cause connected with the work" + +&#x200B; + +What the hell was that last sentence supposed to mean? That's verbatim what was said in the letter. I don't have a lot of savings and if we don't figure anything out soon we might be in big trouble. I've already went around asking for jobs but I know it might take a while before I got any real offer due to the current situation we're in. I'm devastated and I'm not sure on what to do. Am I in the wrong here and should I just suck it up and move on? +You do not have significant retirement savings to lose. Any money you invest during a crash will produce outsized returns in the future. Anyone who has monthly savings should be buying diligently during the next year. You can't time the bottom. + +Edit to say: yes, as long as you don't lose your job. Your milage may vary based on your profession. +I have been seeing a lot of hype around $HCMC. Which is fine and dandy. I just wanted to provide some supporting evidence of what people are saying about the stock and its legal battle with $PM. February 26 can't come soon enough. This lawsuit may settle. If it does, it should prove positive for the stock. If it doesn't settle soon, it still has the potential to at least maintain it's performance. Not financial advice, I am just a Floridian who likes the stock (and vaping.) + +&#x200B; + +[HCMC Story 1](https://investorplace.com/2021/01/healthier-choices-management-news-hcmc-stock-skyrockets-amid-lawsuit-speculation/) + +[HCMC Story 2](https://www.barchart.com/story/stocks/quotes/MO/724280/healthier-choices-management-corp-files-patent-infringement-lawsuit-against-philip-morris) +I am willing to invest $10,000 a year starting next year in hopes of having a reliable passive source of income to supplement my work income. Is this realistic or is it just a pipe dream? +Building a dividend heavy portfolio to hold long. LUMN looks good in theory, but ten years of a bear chart is troubling. + +Edit: Thanks all for the input. +I have holdings of approximately 20 dividend-yielding companies, but a handful yield over 7%: + +T +MO +AGNC +PBFX +NLY +QYLD +AINV + +What are your favorites and why? +Im 20 and every 2 weeks (biweekly) I pull out 150 out of my check into these stocks. Ignore the overweight KO stock, do you guys think I should balance any percentages? + + +[portfolio](https://cdn.discordapp.com/attachments/660132688803528724/941790169181343784/d3197714b80aff8c2a02d7f086b2c274.png) +Hello, + +Recently, my university gave me $1,500 for COVID relief. I'm 19 years old and the current value of my portfolio is around $2,500. I'm planning on depositing all of the $1,500 into my brokerage account, but I'm unsure if I should wait or not. + +I know that you're not supposed to time the market, but the recent market action has made me reconsider just dumping the money into my portfolio without any thought. Should I just forget about the money and deposit it into my brokerage account or wait for the rocky market conditions to subside? + +Thanks for the help! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + The launch of the Virtual Accelerator and Hacker Gold + token launch is getting closer. + + We are happy to to take any questions that you may have, + whether that’s on the token sale, the hackathon or + the plans for the Virtual Accelerator. + + Let’s build the future together. + + + + > More info: + https://hack.ether.camp/ + + + +[AMA has now ended. We will be back Tuesday 18th October 16.00 GMT for the live stream AMA] + + +> +> +**You are welcome to send more question to our official forum:** + +https://forum.ether.camp/ + + +This is clickbait mentality. It's psychological manipulation, it's pump-and-dump behavior. It's what I associate with low quality bullshit hucksters on YouTube. + +We can and should do better. + +[View Poll](https://www.reddit.com/poll/lfjmkw) +I was wondering where the majority of this subreddit like to spend their BTC and thought I would pose this question to everyone here. There are a lot of popular stores that most people already know about but I'm wondering if there are some lesser known shops that people don't know about. + +Leave your comment below, thanks! +I'm currently in the process of selling a business and would like to get some input from people who have gone through a similar experience. + +My situation: 37M in a LCOL area. Married with kids. Wife is already stay-at-home. Kids are all school-aged. Not counting the business, current NW is about $4M, but I'm hoping to get $15M-$20M for the sale. I am 100% owner of the business and until very recently I've been very involved day-to-day. I've been working for a couple years on building up a management team, though, and that has gone well, to the point where I could probably officially transition out of that role of "president" at any time. + +The business has been officially "for sale" for about a month and there are a number of interested parties. One particular PE firm is most interested and has told my broker that a bid letter is coming. My broker speaks highly of this place, and on paper it looks like a very good match. They are a pretty good-sized firm but they also have a local connection. However, their M.O. for the companies they buy is to keep the founder involved and to try to build it up and resell it for 5x or 10x in a few years. This goes against my plans for retirement but I'm not totally opposed to the idea. I would like to retain some kind of connection to the business (it's like having another child!) and I wouldn't mind having some ownership stake remaining as I fully believe in its future. That said, my goal is to feel as "retired" as possible and I've been clear that I have no intentions of accepting an everyday role. + +I've read plenty of horror stories on this sub about people who sold a business and got tangled up in bad earnouts or who were hired by the buyer and had a bad experience. I'm trying to avoid all that, of course, but I don't know enough about the M&A world to speak confidently on the subject. I've thrown out the possibility of part time consulting or a board seat or similar, but again I don't know exactly what those responsibilities would entail. + +Has anyone done something similar and successfully ended up more retired than not in the short term? Any advice would be appreciated. +I started work last fall, but I was naive, ignorant, and maybe too hopeful in thinking that MOASS would have begun by now, so I didn't bother building up my 401k. I know I'm retarded, but I'm trying to figure out *how* retarded I am. + +I'm considering reinvesting in my 401k again. What do y'all think? Anyone else been toying with their contributions? +https://www.cnbc.com/2020/04/20/mark-cuban-says-amazon-stock-will-keep-going-up-up-up-because-of-behavior-change-during-shutdown.html + +Billionaire entrepreneur and investor Mark Cuban said Amazon shares will keep going higher even after a near 30% rally this year. + +"I think it goes up, up, up, up, up," Cuban said on CNBC's Fast Money on Monday. "People who weren't comfortable dealing with Amazon for consumables, for food, for produce even, I think they've gotten to that habit now...I think Amazon just takes off. The stock is only going to go up." +Let’s be honest, most people on this sub didn’t get into coins like Bitcoin and Ethereum early enough to get 10x+ returns. + +But the good thing about this crazy market is that there has been so much opportunity in the last few years that many people have made small fortunes in altcoins. + +For me, the single greatest investment I ever made in crypto is probably the NEXO token. I literally managed to get in right at the bottom just last year after using their service and researching the company. I still hold it to this day and at the ATH I think it was a **40x return** within a year. + +So, what’s your greatest single investment in crypto? +PUMPANOMICS - A real pump coin we all were waiting for! + +&#x200B; + +Their telegram states "WE MUST REACH THE FIRST GOAL OF 1 $PUMP = 1 MILLION USD AND THEN THE SECOND GOAL 10 MILLION USD" and I actually believe it can break all records reasons given below: + +&#x200B; + +1. There will only ever exist 1 $PUMP and presale is capped to 1 eth for 0.01 $PUMP +2. Dope logo - The designer actually put effort into this. +3. Trusted dev (no rug) - His previous coin (ZUTv2) pumped to almost 20x upon launch. +4. Only 50 whitelist spots were given in the presale +5. Only 50 ETH in presale out of which 45 eth goes in liquidity which will be locked. + +&#x200B; + +We see so many pump coins popping up in telegram and they vanish like a fart in the air but not this one. A very trusted dev is working on this coin and as its description states "Collectively, as a community, we can go down in the books as the first coin to ever reach MULTI-MILLION united states dollars", he is actually taking the feedbacks from the users via vote in the telegram to actually make it a community pump coin. His previous project "ZUT2" pumped to 20x upon launch. The main motto of this coin is to break the record of the only coin to reach multi-million in value. With a presale price of 1 $PUMP = 37,500, it just takes 25x from that price to hit 1 million target which is very possible given that his previous coin did 20x upon launch. Once the target hit, think of all the PR it will get. + +&#x200B; + +TELEGRAM: [https://t.me/pumpanomicsreal](https://t.me/pumpanomicsreal) + +&#x200B; + +It is a real moonshot I am really looking forward to. So hope in the telegram and wait for the announcement of its release. + +&#x200B; + +Chao +At my local grocery potatoes are 0.20$ /lb, brown rice is 0.69, whole wheat pasta is 0.89, tomatoes 2.50, mushrooms 2.00, onion 0.60... Chop that stuff up into a bowl or soup with some siracha, tobasco, or some other sauce and you'll have a much cheaper and nutritious and sustainable meal than ramen or a cup of noodles. + +Edit: beans and lentils are also about 0.40-0.80 (i think) dry, and double in weight/size when you cook them. And they are extremely nutritious. + +Edit: frozen veggies another great idea, typically even healthier too as they are picked at peak ripeness (instead of underripe for transport) +I’m considering making the jump from my Finance job to join a high growth / high risk tech company on the west coast. Currently in mid -20s making about $300k cash + $50-$100k in equity in current role (VHCOL). + +New role is offering a competitive package but ultimately the equity could be worth zero. The cash piece is enough for me to live comfortably but would be saving far less than I do now. Incredibly exciting opportunity and they’ve got backing from high quality investors. + +If this hits, this could really accelerate my Fatfire journey, but if not it could temporarily set me back. However I’m still quite young and I could always return to finance if I feel so compelled. + +I was wondering if anyone has made a similar change or considered one and chose to forego it and any advice you may have on thinking through this. Thanks in advance. + +If this post doesn’t follow the guidelines please remove. + +Edit - details of new company comp. ~$300k package - 50% of that is equity that vests over 4 years, rest is cash. Business in my view has maybe a 25% chance of 10x+ and 50% chance of maybe 2-4x, 25% chance it zeroes. Other considerations for me are not just comp but also in terms of career progression and opportunity to learn. Long term would like to start my own business and learn the skills to do so in the interim. Like I said I am young, but would be walking away from a place I worked quite hard to get to. +I recently sold my software business and I have a time-based earnout of $10 million. Nothing performance related, just contingent on my continued employment over a 3 year period. + +We had sub-10 employees when we sold so I’m still a key piece of the business. The deal wouldn’t have happened without my long-term commitment. I’m ok with it. + +Anyone else experience an earnout? If so, do you have any interesting stories to share? If performance-based, did you hit your targets? +I’m building a detached garage on my property this spring. Have a meeting with an architect this week. + +What are some of the more luxurious things I should consider for a new garage space? Something that would set the garage apart from normal garages. +Note: Here I’m sharing some pointed questions but would also love to hear thoughts and scrutiny over the entire plan. I have learnt a lot from this community and I aim to continue learning and contributing. Thank you <3 +—— + +I’m 33M living in HCOL area, work in tech, NW 3M+ (dropped 30% due to recent market) mostly in stocks with some in 401k, crypto. + +Through this group, I’ve realizing that I’m highly under-leveraged (thank you!) at less than 10% of NW being leveraged. I’d like to leverage up more but am hesitant about real-estate investing (new market for me, less liquid, more time investment required which is hard with my job). I am looking at leveraging options, other than real estate investing, and still get similar overall returns. I think good options for me are margin loans and LETFs (more high risk though) through which I can potentially leverage upto 50-75% of eligible assets. Anything else I should be looking into? + +One problem I have with margin loans is that I have a significant percent (33%) of my NW in my current employer’s stock (calculated risk and m really long on the company) but I am not allowed to take a margin loan on it as it can’t be sold in case of a margin call (insider trading considerations). This limits the amount of money I have eligible for the margin loan and I’m wondering how to solve for it. +One way to solve? My job is well paying and I have 3M+ pre-tax RSU vesting over next 4 years (and I expect more in refreshers, bonus, etc as I stay at the company). I wonder if I can borrow on this unvested stock to make up for a smaller margin loan otherwise. Is this possible? Is this a good idea? +My wife just passed her test and wanted to buy a car. She ended up spending £8k on a 2017 ford fiesta. Low mileage 20k. She thinks she got a sweet deal. The plan is to keep it for a long a possible and she will only drive it 2k max a year. I think she should have opted for a cheaper car £5kish but them would have had much higher mileage and probably would need to be replaced sooner. Are there any rules when it comes to buying cars +[This is what happened when I drove my Mercedes to pick up food stamps](http://www.washingtonpost.com/posteverything/wp/2014/07/08/this-is-what-happened-when-i-drove-my-mercedes-to-pick-up-food-stamps/?tid=trending_strip_1) + +A cautionary tale of personal finance gone wrong. House poor, unexpected pregnancy with twins, layoffs, underemployment and eventually getting government assistance to get back on their feet. + +**update**: This thread went bonkers. I'm new to Reddit, though I've lurked /pf for a while. Saw some of the amazing bits of Reddit, saw some of the terrible bits. Thanks to all who shared their personal experiences dealing with the US public assistance programs in their different forms. + +The next time someone asks /pf if they can buy this house tomorrow because they have a baby on the way, and by the way they need to finance a $30k minivan but it should be ok because they're middle class? Point them to this article. + +PS: Some people seem confused, I am not the author of this article. /pf is set up to post to self.personalfinance by default. Wish I could have racked up this link karma though. :/ +&#x200B; + +### Ethereum + +2021 was a fantastic year for crypto, in particular Ethereum. Ethereum reigns as **the second-largest blockchain** despite the slew of competition from Binance SC, Solana, Avalanche. But it remains far ahead showcased by various metrics, and there are no signs of slowing down. + +#### Total Value Locked + +[*How to use TVL metrics*](https://medium.com/coinmonks/use-tvl-to-spot-the-next-hot-coin-crypto-market-update-12-28-dbae6020294a) + +Ethereum ended 2021 with a Total Value Locked (TVL) of $153 billion and contains nearly 60% of TVL in crypto. Its nearest competitor Terra (LUNA) TVL, sits at $13.3b with 7% of the market. Despite the hype following emerging L1s they remain far from the king. + +&#x200B; + +https://preview.redd.it/blud071uo4f81.png?width=800&format=png&auto=webp&s=0e54dd093d848d7b55536a6f9daa638799116601 + + + +#### Revenue + +Ethereum showcased impressive revenue in 2021 totaling $10.9b. The nearest L1 was BSC, which edged on $1.0b of revenue. There are four projects on Ethereum that post larger revenue than BSC. (Filecoin, Axie, Opensea, Uniswap) + +Opensea, an NFT marketplace on Ethereum, saw a revenue of $1.5b in 2021 with the emergence of NFTs. + +&#x200B; + +&#x200B; + +https://preview.redd.it/kkgktdovo4f81.png?width=800&format=png&auto=webp&s=0fc1a89d4b528841edba4038faf655798a8dc158 + + + +#### Layer 2s on Ethereum + +Layer 2 protocols are taking traction, benefitting from Ethereum’s **reliability and security**. In the future, Ethereum may be a consensus layer for an extensive array of layer 2s that inherit low gas fees and fast TPS speeds. + +Some top names are Polygon (MATIC), Optimism, Arbitrum, Loopring (LRC), and ZkSync. + +#### Creator Earnings + +Typically, creators on centralized networks like YouTube, Spotify, Etsy, and OnlyFans, only capture a portion of the revenue they create. As the creator economy on Ethereum begins to evolve, many creators will start to see the benefits of capturing a larger percentage of value utilizing a decentralized network. NFTs for artists is a prime example. Ethereum, as a whole, competes with prominent names in creator economies. + +&#x200B; + +https://preview.redd.it/bj90vk8xo4f81.png?width=800&format=png&auto=webp&s=14b7da6a2f6ce455e71cba02cdddbd46535a31c1 + + + +#### Eth Burning and Deflationary Pressures + +EIP — 1559 upgrade has been burned 1.7 million ETH + +at a valuation of $4.6 billion since early Aug 2021. Before EIP-1559, all ETH would remain on the network. Now, supply decreases with every transaction. + +&#x200B; + +https://preview.redd.it/p137lguyo4f81.png?width=800&format=png&auto=webp&s=177950e27231b4b6e071da3636bd78f1faa1757a + + Even though Ethereum remains inflationary, the increasing demand sees days of negative issuance. With ETH continuously being locked away, bought for speculation, and utilized for gas fees, Ethereum’s deflationary pressures will exceed new supply. + +&#x200B; + +https://preview.redd.it/b9548ab0p4f81.png?width=800&format=png&auto=webp&s=33d952ac0f6b1adc67a4015195e051ad01038bfd + +&#x200B; + + + +#### Conclusion + +Ethereum remains far ahead of its competition in almost all metrics. [Moreover, it attracted the highest number of developers in 2021](https://medium.com/coinmonks/electric-capital-developer-report-recap-where-are-the-crypto-developers-going-and-why-its-3855aa5dd1d8) that continue to build the ecosystem. + +There are a few negatives for Ethereum, no doubt. Ethereum is slow, and gas fees are incredibly high. In addition, environmental mandates are beginning to add pressure to the “proof of work” consensus. But, Ethereum contains scheduled upgrades that will improve speed, lower gas fees, and see a switch to an eco-friendly “proof of stake.” Ethereum Consensus Network (formerly Eth 2.0) will be near completion in approximately one year. + +So, what are we left with? + +* The largest and fastest-growing ecosystem in crypto +*  Significant deflationary pressures +* The emergence of Layer 2 options  +*  Dwindling supply +*  Hammered down ETH prices +*  Upcoming improvement upgrades to the network +*  The emergence of creator economy (NFTS, DAOs, music, writers, games) + +[It’s no wonder Cathie Wood and her team of quants forecast an ETH price of 180k by 2030](https://www.nasdaq.com/articles/cathie-wood%3A-ethereum-will-reach-%2420-trillion-market-cap-by-2030). + +2022 will be an important year for [Ethereum upgrades](https://etherworld.co/2021/12/02/ethereums-latest-roadmap/). In the past, upgrades are often delayed and I expect no different this time. But, the process seldom detriments the network. So… + +At its current price of $2680, Ethereum could be a complete steal, **and far as the risk/reward ratio, it remains one of the best crypto investments**. + +&#x200B; + + + +### Gabi + +*Follow me on* [*Medium*](https://medium.com/@TraderGabi) *or subscribe to this FREE daily newsletter on* [*Substack*](https://tradergabi.substack.com/) *to receive it first!* +First, thanks to everyone who has decided to follow me recently. I have been asked how I would trade a sideways day like today by so many people I decided I would share my favorite method. I'm not saying this is the best or worst, its just what works for me and what I do. + +Please refer to the picture + +[Sideways strategy \/es 1500 ticks](https://preview.redd.it/aot9w3er64t71.png?width=1195&format=png&auto=webp&s=9676e21ef23645d81cd207b4a5c3d4c4f1a7970f) + +1. I draw a channel that touches the highs and lows and extend it outward. If channel is slightly slanted up only take longs, if its slanted down only take shorts. +2. Wait for the boarder to be tested and rejected. +3. Enter after the test is over and it starts to wave down. +4. Set stop loss slightly beyond boarder. +5. Exit as soon as you get chop. or near the other boarder +6. Wait for another wave to be set up and do it again. +7. Once channel is broken see if waves are getting bigger, smaller, and if any flags or shapes are forming. you may decide to redraw channel or that the side ways movement is over. + +This is a form of scalping but it is the best way I know of to trade a sideways day. +Hello! :) + +Was hoping to seek some advice on how to manage my money a bit more consciously. I work in mental health in London and currently make £1200\~ a month post-tax. I live in an absurdly cheap house in zone 2 South London where my rent+bills come in at about £620 a month. Not supported by my parents, currently in a house share but would eventually like to live with my (musician) boyfriend. I walk to work, and transfer a shameful £75-100/m into an old current account as 'savings'. I've about £4k in savings my family put away when I was a kid, but I've never touched these so not familiar with where this money is kept etc. I don't have a super flamboyant lifestyle - no gym memberships, regular holidays etc - but I do go out to eat/drink with friends probably weekly, often beers in the park/cheap restuarant - NHS discount at nandos..! I always have £800ish buffer in my bank at the end of each month - not sure how, possibly from when I was earning lots of unexpected overtime in a previous job. I have £27k tuition fee debt and nearly the same in maintenance debt as I was on max loan in London. + +Phew! So there's the background. In September I'll start three years of training to be a clinical psychologist. The NHS pay your uni fees and also pay you (a very very very jammy deal), so as of September I'll be on £33,660, which the HMRC tax calc tells me is £2100 ish a month after tax. I know my student loan will start to be deducted but no idea how much, and I think the pension contribution should be about 7&#37;. I plan to stay living where I am now, but will have to commute to placement - again no clear figure as I don't yet know where my placements will be. After three years, when I qualify, the salary will go up to £38000 if I stay here, I think. + +Getting onto training has happened much sooner than I thought it would - I was expecting to be on my current money for another 2-3 years at least - so I had given v little thought to the practicalities of training. I'm happy in London for now but think very eventually down the line I'd like to move back home to the South West and buy a house. + +My first guess is that I need to open a proper savings account, but having never had one and always managing my money in a 'yes, there is enough money in my bank account that if I have an emergency, I'll be ok for a month' kind of way, I have no idea where to begin. Other than that, I was wondering if anybody had any further wisdom on what to do with this extra money, if it will actually feel like that big an increase at all, and how to start thinking more long-term with my money in general, while still living in London and having some semblance of a social life :) + +Cheers! +I currently live in a private rental with my long-term boyfriend, but I'm saving for a deposit on my first home. My partner has no interest in being tied to a mortgage but has said he'd pay me half of the bills and mortgage because we currently split things evenly. + +I have discussed this with my parents and they have advised me to look at the rights my partner may have to a property I may buy. Has anyone been in a similar situation? +A worst-case scenario security issue has been identified in all versions of Windows that allows an attacker to execute arbitrary code just by having you load a font, such as what happens on custom web pages. This is a CRITICAL issue that possibly affects all web browsers on Windows. + +As soon as you read this, you need to update and reboot. Don't even open another link. This is that serious. + +https://technet.microsoft.com/library/security/MS15-078 + +The update you need is KB 3079904. You may need to force Windows Update to check for updates. You should be able to get to the Windows Update screen on all versions of Windows by hitting the Windows key on your keyboard and typing "Windows update". +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am new to the cryptocurrency market (I know it's a little late), but I'm wondering if it is too late to join into the market? If not, what coins would be the best to invest in? +Hey everyone, I've been in crypto since last December, and worked in finance for 12 years before that. I've spent the past few months immersing myself with blockchain technology. Before diving in and buying coins, I decided to learn about the most promising use cases. One of the most promising use cases of blockchain is, undoubtedly, identity. **This is a multi billion dollar opportunity.** I think Civic ($CVC) is primed to win this market, here's why: + +* Vinny Lingham is one of the most accomplished tech entrepreneurs in the space. He's had multiple exits and knows how to get shit done (which can't be said about 99% of ICO teams). + +* CVC token economics incentivize user onboarding. Both people and verifiers can earn CVC by onboarding users onto the Civic platform. + +* Practically speaking, signing up for services sucks. Have you ever tried signing up for multiple services and forgetting your password? Or signing up for services that do KYC... even worse. With Civic you just use your camera and a QR code. + +This is not meant to be a shill. I'm giving factual reasons for why I think this is a fundamentally great token. I should note that I do hold a modest amount. And remember, do your own research! +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +Banner Contest is live! Check the main page for the sticky post and vote now! + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +So I was half asleep drinking my coffee when I responded to cz_binance on Twitter this morning with a meme I made and he immediately responded and followed me back… I said “wtf” out loud and spooked my dog… what does this mean? Banance coming soon? Does he usually respond to people like this? Here’s the link [https://twitter.com/cz_binance/status/1512086069000302592?s=21](https://twitter.com/cz_binance/status/1512086069000302592?s=21) I’m still at a loss this whole thing really threw my day for a loop my Twitter has been blowing up, I went from around 50 followers to over 200 in a couple hours… I was supposed to do my taxes today but after this happened I couldn’t focus lol. I’ve had multiple dms asking to buy my twitter account and I had to turn notifications off cause it’s been nonstop. Thoughts? +I've made friends with people who say they would like to be the sole bread winner, and similarly I've spoken to cab drivers who say the same thing. In all of these cases, none of the individuals had children. + +I've also seen a lot of posts on this subreddit, where one partner is earning significantly below the minimum wage while the other is on a typical wage. + +Sometimes these posts on this subreddit follow with something similar to: "and after months trying to be the sole breadwinner, we realise it just isn't working". I imagine this usually (prior to children being involved) is associated with years of lost income that could have made (e.g.) family planning or financial stability more solid. + +I understand that when kids enter the picture, one partner might be much better with caring for children than the other. However, many many people make this decision to aspire to be the sole bread winner long before they have children, or even a partner. + +For those: 1. Without children, 2. Who earn more than their partner and 3. Want like to keep it that way - what are the reasons for wanting to keep it that way? + +Also, does anyone else have views on this from how it's affected friends or families? + +I ask this, as several recent posts on this subreddit where households financial stability has been put at risk from this pursuit of the single, or almost single income household (pre-children), have piqued my curiosity. + +I'm also asking as I've learned the motivations of my friends who have this sole bread winner ambition, but I'm eager to learn other motivations. +Ok, I guess it isn't really a theory. I've kind of proved it here. But didn't want to come off too strong. + +I'm going to try to touch on a few things here that might seem unlinked at first, but a lot more is occurring behind the scenes. Because I get the feeling GME has become the battle ground for more than just bankruptcy and naked shorts. + +I am creating a hypothesis that we are watching a battle for data and who gets to control the flow of orders in the overall market. + +There are several major players at this time: + +* NYSE (Technically the Intercontinental Exchange). +* NASDAQ (The first electronic fund, is overseen by FINRA, and stands for National Association of Securities Dealers Automated Quotation). +* DTCC (More so sees the flow of data and operates in a clearing capacity, and a consolidation capacity to help assist disputes of data \[OTCs would play a big role in this\]). +* The banks (Large institutional banks) are most definitely the major drivers at this point regarding what is occurring in the market. + +In my last post, I got into something I did not fully understand thinking I was on the right track, and a couple guys managed to call me out (which I appreciate because it led me down the path of derivatives and lending, and how we are watching GME get manipulated daily). + +I've come across a nice web of how everything has been functioning (competing maybe?), I have tied Citadel to the bankruptcy of Sears through a major REIT company, and something we have all been neglecting the whole time which leads to how we can connect Suspecthanna to Citadel. This also connects to our borrows and returns. Every. Single. Day. + +&#x200B; + +https://preview.redd.it/m42li74kosy61.png?width=786&format=png&auto=webp&s=19d0664d11fea309841c4424a8b12aeb03e64c99 + +Remember this scene from The Big Short when they are pumped that they���re going to get an ISDA membership (International Swaps and Derivatives Association)? And they don’t even know what you need to get an ISDA because they're just so horny for one? I’m pretty sure this has been us for the last few months. And I am going to tie this back to an ISDA and ISLA eventually. + +&#x200B; + +https://preview.redd.it/h7htk16rosy61.png?width=491&format=png&auto=webp&s=14a428b5a0e6134710366279f3b614302a5004ba + +Not FUD and you'll see why, I think there is just so much information that we are all coming up with hypotheses that are actually correct (more or less). I am sure (through my own confirmation bias) that this is going to happen, and the moon is actually mad that is hasn’t in this case. Anyway, here we go, some more fucked up info that leads to a nice pyramid scheme (I actually want to submit the below meme for the contest, I call it Madoff’s Hierarchy of Pyramid Schemes \[personally I think it’s like, a tier 4 meme between the Maslow reference, Madoff ponzi/pyramid scheme, what’s going on with GME and our own self-fulfilling need to be right, and of course how billionaires having a 4th yacht is more important to us psychologically while we work our asses off than our own skills providing for ourselves\]). + +&#x200B; + +https://preview.redd.it/wo5kmpswosy61.png?width=442&format=png&auto=webp&s=8acdfedb83a3b777f46bef83b64b99365df7dd8f + +So. In reading about derivatives, regulations, everything else we are dealing with through citadel and friends, I just kind of started clicking to get a handle on where we are and how we got here; what I found is fucked. + +I think the first thing we need to understand is that derivatives have only really been trading since 1970. We are still in uncharted territory. And as we saw in today’s AMA, the HISTORY (thanks for asking the question attobit\[I don’t want to tag him I am sure his tags are blown the fuck up and they'll tag this inconclusive until they can read all my references\]) of shorts is them *not having to cover* ([https://www.reddit.com/r/Superstonk/comments/nazyz3/shorts\_must\_cover/](https://www.reddit.com/r/Superstonk/comments/nazyz3/shorts_must_cover/)). At this point, we are under the assumption that they HAVE to cover – and they should, this is a **free, fair market, equal for all, baring no poorer or billionaire**. + +Now, here is the web and I hope you guys can follow or point out where I am off. Because I think we are losing sight of the fact that if they don’t (for some financial fuckery or this continues to drag on), this goes to a systemic issue, and I want to make sure we have an understanding of how we can call them out – because they will fuck with our tendies if they need to. + +First off, I think this has a more than with options than anything else. Options began on the Chicago Board of Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME); competing entities for options on stocks (Options, Futures and Other Derivatives, 5thEd, John Hull \[[https://fac.ksu.edu.sa/sites/default/files/options\_futures\_and\_other\_derivatives\_5th\_ed.pdf](https://fac.ksu.edu.sa/sites/default/files/options_futures_and_other_derivatives_5th_ed.pdf)\]). Just a side note, READ THIS FUCKING BOOK. I am still working on it but there is so much info. + +So let’s start by looking at when a company goes public, how they want to do it. NYSE vs NASDAQ. + +NASDAQ is typically tech, bio, etc. companies looking to increase their growth. The NASDAQ tiers their exchanges and has cheaper fees to list. The NYSE typically carries our fave blue chip stonks. Value, going to keep innovating, buying up smaller entities to increase their own IP. So where is the real difference? + +NASDAQ is new. The name itself kind of shows that. National Association of Securities Dealers Automated Quotation. Doesn’t have a physical floor. FINRA oversees their regulations. Basically what you might consider a free and fair market. Not that NYSE isn’t. Their regulations helped form FINRA ([https://www.investopedia.com/articles/basics/03/103103.asp](https://www.investopedia.com/articles/basics/03/103103.asp)). + +NYSE is old school. From the Buttonwood Agreement. 1792. Almost as old as the US itself. Kind of speaks to the generational stocks that would file with them. + +Now comes the real difference. How their trade desks work. + +NASDAQ operates as a Dealers Market. “A dealer market is a transparent financial market mechanism in which multiple dealers post the prices they are willing to buy or sell a specific security.” + +* This would imply that when one of us (depending on our broker) sets a price, that price needs to find someone to buy at. The Bid/Ask spread would be cheaper potentially depending on how many brokers it is sourced from +* NASDAQ uses 260 market making firms ([https://www.investopedia.com/articles/basics/03/103103.asp](https://www.investopedia.com/articles/basics/03/103103.asp)) + +NYSE uses an auction method where the market participants set the price. + +* The NYSE uses specific **Designated Market Makers** that maintain the status quo, as they are they main human contacts for selling/buying securities. They provide liquidity and assist the NYSE in daily business +* The NYSE participants are as follows ([https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs)): + +· **Approved NYSE Supplemental Liquidity Providing (SLP-PROP) Firms** + +1. HRT Financial LLC + +2. IMC Chicago LLC + +3. Latour Trading, LLC + +4. Tradebot Systems, Inc. + +5. Virtu Financial BD LLC + +· **Approved NYSE Supplemental Liquidity Providing (SLMM) Firms** + +1. Citadel Securities LLC + +2. Goldman, Sachs & Company + +3. Virtu Americas LLC + +· **Other Liquidity Sources** + +* There is another link ([https://www.nyse.com/market-model](https://www.nyse.com/market-model)) but I don’t see how it lists their other liquidity providers + +Odd that the NASDAQ uses 260 and NYSE uses 7. But here is the next point. + +The NYSE uses two Classes of Market Participants: + +Retail Member Organizations (RMOs) who are eligible to submit certain retail order flow (Retail Orders) that is eligible for price improvement. + +Retail Liquidity Providers (RLPs) who provide price improvement for Retail Orders in the form of non-displayed interest priced better than the best PBBO. RLPs received economic benefits in exchange for meeting performance obligations. RLPs that miss obligations do not receive enhanced economics. The Exchanges have the right to revoke RLP status. + +My favorite part of this is the “price improvement for Retail Orders” because they definitely have our best interest at heart after all this. + +Anyway. Let’s chat about the NYSE a bit more and a free and fair market. Because I said before, I thought that this was a competition for who gets to be the better data whore. + +So in 2018 the NYSE attempted to source recommendations to remove their FINRA overseer. As a Self Regulating Organization that pretty much wrote the rules on overseeing their own books, why wouldn’t you want to lose your daddy who keeps bugging you about enforcement issues? ([https://www.legayelaw.com/nyse-finra-membership-requirement/](https://www.legayelaw.com/nyse-finra-membership-requirement/) & [https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf](https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf)) + +They legit filed to change the rules. And by the Level Two data from [https://www.level2stockquotes.com/market-makers-list.html](https://www.level2stockquotes.com/market-makers-list.html), they succeeded as the NYSE is not listed as a FINRA participant. So as of now, the NYSE operates as an SRO, no oversight except if the SEC has a whistleblower, and Citadel is one of their liquidity partners. Haha ok, anyway nothing to see here, lets look at FINRA rules & Guidance for the NYSE. What’s that you say? There are no rules or guidance? + +· [https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules](https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules) + +* I keep running into a loop of rules and guidance on this site. Let me know if anything is different for you. + +Lets look into ISDAs now. Because this kind of sums up a couple things, but isn’t the be-all-end all. And my own eyes are glazing over so I want to get through this. + +An “ISDA fosters safe and efficient derivatives markets to facilitate effective risk management for all users of derivative products.” Who might be a member of these communities? NASDAQ Oslo (Associate member), ICE (Associate member), all the major banks are primary members. Who isn’t? The NYSE. Citadel is only a subscriber. Suspecthanna is a subscriber. Weird, but not a smoking gun. I want to come back to the ISLA membership after this because “Securities Lenders” also brings some interesting information. + +For now, lets touch on the fact that I can connect Shitadel and Suspecthanna in another aspect, and how I can tie Citadel to the Sears bankruptcy, and how they are still trying to make money off that REIT (hint: Motley Fool is pumping articles out lol). + +In 2016, Shitadel and Suspecthanna tried to sue CBOE, NASDAQ, International Securities, and NYSE (as market-makers). This was apparently for charging them for PFOF when they state that they didn’t have the right to ([https://www.sec.gov/litigation/opinions/2016/34-78340.pdf](https://www.sec.gov/litigation/opinions/2016/34-78340.pdf)). + +· This is actually a pretty straight forward brief, you don’t need to be a lawyer to read it – but this is the first time we can link Shitadel and Suspecthanna of being mad at the system. Note the timeline because it becomes important in the grand scheme of the hypothesis (2016). + +The courts basically said they can’t award money because these are all SEC matters and not all administrative avenues had been exhausted. And it seems that the SEC doesn’t actually have parameters to financially compensate them anyway, because of the nature of the business. + +The hypothesis starts here. Because it would line up with Citadel then starting to use Robinhood as their exchange (Robinhood popularity just started to skyrocket and go mainstream here). And this would mean they are internalizing EVERYTHING and betting against retail. Using their DMM status with NYSE to intake all the assets, then using Robinhood to bet against retail, while Kenny uses his risk tools to balance the books. + +The only thing is, they got greedy like they did with Sears. Here is the connection to how they attempted to bankrupt retail stores before. + +In 2015, Kenny became the owner of Surveyor Capital LTD ([https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=0001588930&entityName=Surveyor%2520Capital%2520Ltd.%2520(CIK%25200001588930)&startdt=2015-05-01&enddt=2021-05-13](https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=0001588930&entityName=Surveyor%2520Capital%2520Ltd.%2520(CIK%25200001588930)&startdt=2015-05-01&enddt=2021-05-13)). + +When 2016 started going, Surveyor Capital LTD owned >60% of **Seritage Growth Properties**. In the Sears Holdings scheme of things, Seritage seems to have been one of their main leaseholders. And has benefitted IMMENSELY from their bankruptcy (they just keep getting paid) – seriously, go look at their filings, the benefit of the bankruptcy has been massive. + +Part of my hypothesis leads me to conclude from this that retail stores became targets for their leaseholds (or the beneficial REITS) should they go bankrupt. What an easy way to keep getting paid if the empty outlet was just collecting money from bankruptcy. How does this relate to GME? What a bigger FUCK YOU than to build a 700,000 sq ft facility to house all your merchandise should your leasehold decide to up the rent in an unfair business practice (I actually emailed GME relations to see if I could get a copy of this but I am not holding my breathe lol). Should you get fucked over and you need to liquidate (like sears), why not just move all your stock to a warehouse and go full ecommerce? Anyway, speculation, but that’s how far along I am. + +So, that is how the exchanges connect to shitadel and suspecthanna, how shitadel was part of bankrupting and ongoing downfall of Sears, and how GME could potentially say lmao fuck you fam should something similar be attempted. + +So let us go back to the ISLA for a second. And this ties it all together (for me anyway in relation to the moass). The International Securities Lending Association (lol almost fucking perfect to what is going on). + +ISLA is also a membership organization that keeps track of borrowing and lending of shares (and the respective ones that do it). Check the list out for yourself, and why I think Shitadel and Suspecthanna are trying to push FTDs through rewriting options into future naked calls, while constantly borrowing and selling stock short EVERY DAY on the NYSE. + +[https://www.islaemea.org/wp-content/uploads/2021/05/ISLA\_Member\_List\_May2021.pdf](https://www.islaemea.org/wp-content/uploads/2021/05/ISLA_Member_List_May2021.pdf) + +&#x200B; + +https://preview.redd.it/0hrht4tfrsy61.png?width=720&format=png&auto=webp&s=0793e855e656944334472813f805159a8686112f + +https://preview.redd.it/3o5m54tfrsy61.png?width=766&format=png&auto=webp&s=949442ec97b30dc21986a136f7c88c1e52d0f867 + +https://preview.redd.it/cygnh3tfrsy61.png?width=757&format=png&auto=webp&s=a5e15429187be5bc768c77aa0ad364832045d78e + +We might be in for a long fight, but Kenny Boi got a lifetime achievement award, so I am curious if his risk management strat fell under the category of rewriting options constantly and tricking the exchanges with volume, price, shorts, etc. Oh, and how do theyre allowed to? Because SEC laws state it so. + +&#x200B; + +https://preview.redd.it/nu34dr2mrsy61.png?width=467&format=png&auto=webp&s=62e49cecbda2103640b175135b75e77fed916aec + +And OTCs work in a capacity against us. + +&#x200B; + +https://preview.redd.it/wsn4n9tnrsy61.png?width=1107&format=png&auto=webp&s=efbea001642bca467d9aa51338a8cf1af0b4718b + +This is not attractive for us, only the large entities. We need to remember that all of these guys only knows what they have, and the others are hiding their cards. Only holding and voting can help us. If this GME doesn’t have enough votes to now to prove the float is manipulated, they will at the next one. + +Cheers everyone, I hope we keep winning and can fuck these guys, they seem to deserve it. The rules are not in our favor, and people have bent them to their own for generations. It is our turn. + +How I feel writing this: + +&#x200B; + +https://preview.redd.it/7agu707ursy61.png?width=493&format=png&auto=webp&s=b268622efad04560a0caed9a00e0311db8de12aa + +How I feel reading this: + +&#x200B; + +https://preview.redd.it/zzvztquwrsy61.png?width=491&format=png&auto=webp&s=cc976a2d399772aee8e2cefa032596bf068852c5 + +References: + +1. [https://fac.ksu.edu.sa/sites/default/files/options\_futures\_and\_other\_derivatives\_5th\_ed.pdf](https://fac.ksu.edu.sa/sites/default/files/options_futures_and_other_derivatives_5th_ed.pdf) +2. [https://www.isda.org/membership/isda-members/](https://www.isda.org/membership/isda-members/) +3. [https://www.nasdaq.com/solutions/european-commodities](https://www.nasdaq.com/solutions/european-commodities) +4. [https://www.islaemea.org/our-members/](https://www.islaemea.org/our-members/) +5. [https://www.islaemea.org/wp-content/uploads/2021/05/ISLA\_Member\_List\_May2021.pdf](https://www.islaemea.org/wp-content/uploads/2021/05/ISLA_Member_List_May2021.pdf) +6. [https://www.investopedia.com/terms/m/marketmaker.asp](https://www.investopedia.com/terms/m/marketmaker.asp) +7. [https://www.level2stockquotes.com/market-makers-list.html](https://www.level2stockquotes.com/market-makers-list.html) +8. [https://www.legayelaw.com/nyse-finra-membership-requirement/](https://www.legayelaw.com/nyse-finra-membership-requirement/) +9. [https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf](https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf) +10. [https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules](https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules) +11. [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/naked-call/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/naked-call/) +12. [https://www.investopedia.com/terms/n/nyse.asp](https://www.investopedia.com/terms/n/nyse.asp) +13. [https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs) +14. [https://link.springer.com/chapter/10.1007/978-3-540-85711-2\_21](https://link.springer.com/chapter/10.1007/978-3-540-85711-2_21) +15. [https://i.redd.it/q4cythnt8jf61.jpg](https://i.redd.it/q4cythnt8jf61.jpg) +16. [https://www.investopedia.com/articles/basics/03/103103.asp](https://www.investopedia.com/articles/basics/03/103103.asp) +17. [https://www.sec.gov/litigation/apdocuments/3-17189-event-9.pdf](https://www.sec.gov/litigation/apdocuments/3-17189-event-9.pdf) +18. [https://www.sec.gov/edgar/search/#/q=seritage&dateRange=custom&ciks=0001310067&entityName=SEARS%2520HOLDINGS%2520CORP%2520(SHLDQ)%2520(CIK%25200001310067)&startdt=2015-05-01&enddt=2021-05-13](https://www.sec.gov/edgar/search/#/q=seritage&dateRange=custom&ciks=0001310067&entityName=SEARS%2520HOLDINGS%2520CORP%2520(SHLDQ)%2520(CIK%25200001310067)&startdt=2015-05-01&enddt=2021-05-13) + +TLDR: Read the title. + +Mods, let me know how you feel about this, I think it ties A LOT of our theories together, but if something is off, let me know (or anyone for that matter). +https://www.cnbc.com/2019/09/10/jp-morgan-takes-on-stripe-and-square-with-faster-payments-to-merchants.html + +J.P. Morgan is rolling out same-day deposits to customers of its WePay platform who have bank accounts with the firm, according to Bill Clerico, CEO of WePay. + +At fintech competitors including Stripe and Square, payments take one to two business days to complete. Both companies charge fees for faster service. +I've been noticing the new FUD campaign is out with freshly made Reddit accounts attacking people that speak about GME and (Bee bee bee why). + +They're getting DESPERATE trying to stir up panic but we're not falling for the same tactics they've been using. Pay no attention to them, give them nothing to talk about, stay humble and keep doing what we've done best. They're flooding posts about how our tickers have "crashed" and are attacking people with "loss" comments. They want YOU to get angry at THEM for trolling you on these subreddits. Enjoy the weekend everyone, keep your mind zen, and your body healthy. + +DRS your shares. DRS everything from these crooks. DRS it until we start seeing people thrown in jail for securities fraud. +Have always had a good relationship with my single mom. She came into inheritance a 4-5 years back and was able to help out my brother and I who were in tight spots. In the past 5 years I have been able to get a well-paying job and am doing great overall. + +However after auditing my checking account I just realized she has been using my account to transfer money in and out (mostly out). When I briefly confronted about this over the phone she told me she always pays it back. However when you tally it up she has withdrawn $10,600 and only paid back $3,000 of it. + +Not sure how to go about this, but I clearly don't feel good about her taking so much of my money without even asking. I know when I bring this up with her in-person she'll try to lay a guilt trip about how she has paid for meals out and vacations I've taken with her. In retrospect I wish I never had a joint account with her in the first place, but hindsight is 20/20. She has been better about paying back money borrowed lately, but back in Summer 2019 she withdrew 5,000 without my knowledge within a few months. + +No idea what I can do about this, but obviously the first step will be removing her from our joint account. + +Thoughts? +I hope bitcoin is here to stay, I have never been so happy about an investment, good lock to you brave investor out there. + +Thanks for the awards guys :) +I hope bitcoin is here to stay, I have never been so happy about an investment, good lock to you brave investor out there. + +Thanks for the awards guys :) +My few cents to this topic, since PayPal will do it anyway sooner or later. + +EDIT + +Based on the comments: + +* **Coinbase** +* **BitPay** +* **Circle** +* **Ripple** +* **Google** +* **bitreserve** +* **Venmo** (belongs to Braintree -> PayPal) +* **We are the next PayPal** +* **Dwolla** (was a hot candidate) +* **Stripe** (in the pipeline) + + + + +Hello friends, i would like to get some suggestions. +I sold PTON $82 puts expiring Nov 5 when stock price was at $90. Now after brutal earnings the stock tanked to $62. What is the best solution or strategy to mitigate losses? Thank you. +I can sell an ITM SNDL put @ 9 strike price and 3/26 expiry for a credit of 760. The current price of SNDL is 1.47. As long as it stays flat or goes up slightly, I can either buy to close later in the week or take assignment and immediately sell for a profit (albeit a potentially small one, depending on price movement).... The only real downside seems to be if it absolutely tanks this week.... Am I missing something or does this seem to be a relatively easy play for a CSP- selling newb? +I’ve been very good over the years losing money, but I’ve only started to professionally lose money for about a year now since I’ve joined wsb. I buy calls, I buy puts, sometimes it works out but usually I hold for too long and end up giving all my money to you guys. GameStop definitely wasn’t a great introduction to stock analysis and options. + +Can I join your club of wolfs in sheeps clothing? I want to be on the right side of these trades for once. Calls and puts just require too much discipline, and for me who has never really had an exit plan (and lost a couple K holding $RSX puts) and I feel like selling shit to degenerates like me is just more profitable. +Has extremely high IV and historical IV at the moment. Seems like a solid company long term with growth potential that I personally would be fine owning at $7 a share. My plan is to sell a cash secured put on SOFI expiring March 18th for a 0.21 premium. This is only a 3% premium return compared to the money I’m putting down. Is it still worth it? +“The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” -Jesse Livermore + +Real simple: What we as options traders have to our advantage is timing of participation and management. + +In other words, we can pick our spots in regards to IVR and market extremes. Furthermore, we practice closing out our trades early and managing aggressively. Finally, we mitigate risks, such as gamma, by reducing overall portfolio volatility. + +When I can get the SAME RETURNS AS HOLDING $SPY by ONLY ALLOCATING 20% of my account ON SHORT PUTS, and MITIGATE the over portfolio volatility (deviation) by 30% that’s the power of selling short puts, wheel, covered strangles. + +We also can diversify by mixing up products, positions, duration and correlation. + +These backtests by zwig or whatever are trash. They assume you constantly deploy capital regardless of market conditions and that you’re taking everything to expiration. + +Tastytrade has 1000 more backtests that give you better context and tradable mechanics. + +Here’s one tastytrade video to get you thinking right: https://ontt.tv/2m3hTzq +I've been selling options for 5 months with decent success. I've created a set of rules for myself and rule #1 is only play with securities you're ok holding for awhile. With that said, I'm asking those that have a similar rule when they have strategically broken it or have made an exception. + +Currently I'm the "proud" owner of 200 shares of PLUG at $60/share, 100 shares of OSTK at $82/share. I'm selling covered calls on them, but as the price of these securities continually fall, I'm noticing myself going further and further out to get minimal credit (like 3 weeks out for $100). If the securities keep falling, should I hold true and keep selling covered calls? Has anyone "reset" by taking the loss, giving up the shares and starting over. I'm hesitant to do this as this isn't wheeling but I also don't want to be bag holding. + +What the longest one has gone to complete the wheel for a security? + +&#x200B; + +Thanks +So I started selling CSP last week and I've really been enjoying it, selling on MVIS right under the market value. I'm bullish on the stock and wanna wheel it. Its been working rather well but I feel I'm loss and unsure of many things now. I did my first put credit spread with a strike of $9 to $7 for a $52 credit and I highly doubt by feb 19 it will drop down again but my problem is this. I'm seeing so many experienced people talk about there plays and what kind of research goes into picking a stock and whatnot, meanwhile I'm just here with the very very basics, choose a CSP or CC with a delta between .2 to .3 and make sure it's a stock you dont mind owning. Besides that idk what really dictates picking a strike or even picking a stock. Honestly the small fish in a big pond feeling is starting to set in hard and idk what to really do now. Did anyone feel this way when they first started? + +EDIT: Thanks to all for the words of encouragement! I definitely feel alot better now. I'm going to keep at it and push through, hopefully I'll be posting my gains at the end of the month! +Has extremely high IV and historical IV at the moment. Seems like a solid company long term with growth potential that I personally would be fine owning at $7 a share. My plan is to sell a cash secured put on SOFI expiring March 18th for a 0.21 premium. This is only a 3% premium return compared to the money I’m putting down. Is it still worth it? +Hi, I was wondering how much fees/commissions you guys are paying for options with your broker (and who is your broker). + +I personally use Questrade because I am Canadian and I feel like the fees are pretty high (it's a fixed $10 + $1 per contract at open and also at close). Those fees add up pretty quickly, especially when you trade spreads, iron condors etc (ex: a 10c credit spread costs me around $60 in commissions). I was wondering if I am not better off creating an account somewhere else with lower fees for options trading. + +I heard Interactive Brokers was a good one in Canada. I think the commissions are around $1/$1.50 per contract with them. + +I feel like I might be getting ripped off with Questrade lmao +Seeing a bunch of posts today from accounts that are suspiciously created January of 21, telling people to sell fractional shares. + +I'm as dumb as a stump. I understand the logic of DRS. I also understand the logic of keeping my shares Booked to remove them from the reach of any brokerage or the DTCC. + +What I don't understand, is why some bunch of assholes with 2 year old accounts are trying to convince people -NOW- when the borrow rate is blasting off, to sell fractionals. + +We already know that you can keep your fractionals in Plan, and keep your whole shares in book. + +No hedgie shill is going to convince me that I really just need to sell those pesky fractionals to really own Kenny. + +Just a reminder to everyone, please think critically about any call to action. We all want to do our part to fight for the world we want to live in. We're all eager to get there. But hasty action, such as say... 200k or so apes selling fractionals, could result in an extra 100k shares for Kenny & friends to play with. + +I'll remind you all of a useful tip. Someone giving you sus advice? Check the age of their account. And don't commit to any action you're not sure about. I'll remind you, time is on our side. The only people who need shit to happen fast, right now, today, are the desperate, thirsty AF, SHF that will do anything to get you to sell even one fraction of a share. + +Stay safe, Hope you guys have great holidays. Love you. + +Edit: as someone in the comments pointed out, don't just judge by age. New apes are apes too and we love you. But take a glance at the full picture of the account. If they're posting supposed DD, ask yourself if that account has any business doing so. At least that's what I'm doing. +I don't get it. What would be the incentive of investing in a company like IBM? The stock price has been depreciating since 2013. + +I realize they have a nice 4.5% dividend, but does that make up for losing your principle investment? + +What am I failing to see? +I need your help boys - what can I bet my life savings on that will moon in the next week 🚀🚀. + +I'm in a pretty lucky position. If the stock does moon, I'll have some more money in my account to day trade away OR if the stock crashes and I get pumped and dumped, my girlfriend will leave me. + +Leave your considerations below and we'll embark on this journey together +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Bit of a rant but this week has been a bad week for me. Did my first ever DD on a company - ASN @ 0.036. Bought in and the next day I sold for 0.044. My first swing trade yay profit. It continues to climb to 10c. + +Next I did a bit of DD on NZS and thought there was potential. Was going to buy at 0.019 and even told my partner I’m going in. Never did + +Then moved onto DD for VML. Told both my partner and sister about how the company had good opportunity for growth and I believed in the company. Didn’t invest. + +Instead I invested in STM and SBW and I am bleeding red. Also FOMO bought GME at 70. Meanwhile both NZS and VML have started to gain. +What does everyone think of ABR? Will be one of the three producers globally who produce borite. Do I know what that is? No. Should I have found out before I bought in? Probably. Should you do your own research? Yes. But with their projected EBITA per year after stage three rollout in ~2-3 years of 438m USD. And a current market cap of 575m AUD. I'm in. Has anyone else bought in? +Edit: reddit formatting hates me, I'm working on it. + +**Disclosure:** +*I hodl, NFAGALAH, I’m a rock goblin and a Critical Minerals slut. My underwhelming portfolio is like an eclectic ETF of microcap ASX_Bets dogs of varying colours, general red in hue.* + +In saying that, I thought I’d share my current DD for TNG, just in case it does moon, and then I can be smug. In assessing the potential for bagging or baggage, I’ll give the good parts version (“green flags"), but try to balance and not to shirk from what I consider to be “red flags”… because really deep down inside, I’m a closet bear. + +**TNG Limited** (ASX:TNG) is an Aus mineral exploration company that is currently trying* to get a Vanadium-Titanium-Iron (Va-Ti-Fe) project located in the NT up and running. +MC: ~$120–140M Jul/Aug 2022 +SP: 8–10¢ ($0.08–0.10) +SOI: ~1.4B (yes billion), with about 70M more unquoted +Cash: ~$14M @ July 2022 + +Project: Mount Peake Project, Top End Australia. Middle of nowhere in beautiful central NT (N of Alice and S of Tennant Creek for locals). Close to main road / rail, but far from ports. +Target: Critical Minerals = Vanadium (V) & Titanium (Ti), with a side of iron. Potential export products & assumed prices, in true ASX_Bets style unverified by me: +* Vanadium pentoxide (V2O5): US$25,400/tonne +* Titanium dioxide (TiO2) pigment: US$3,600/t +* Iron oxide (Fe2O3): high grade US$102/t +* Long-term exchange rate of A$ = US$0.70 + +Geology for nerds: shallow, large and flat-lying magnetite-rich gabbro, formed by intrusion and differentiation of olivine-rich magma into Neoproterozoic Georgina Basin seds. +Pretty fubar regional setting, with basement metasediments, granites, and metamorphic rocks, which are overlain by Georgina Basin seds. Orogeny-related intrusions by dykes/sills/plutons of initially mafic then progressively (?) felsic composition, in places partially metamorphosing rocks to amphibolite-facies. +Mineralisation related to Mount Peake gabbro sill complex, generally constrained to the uppermost zones containing course-grained magnetite concentrates. + +JORC: 160M tonnes of 0.28% V205, 5.3% TiO2, & 23% Fe. Suitable for open-pit mining. + +Macro: Critical Minerals are HOT. Govt is predicting increased demand for most, and wants to safeguard supplies for “prosperity and security”. +These are various elements identified as of vital strategic importance that are found in things like low-emission technologies, cars/planes, electronics, communications, construction materials, industrial uses, ore processing, etc. + +**Green flags:** +* Commonwealth Major Project Status ([MPS](https://business.gov.au/grants-and-programs/major-project-status/current-major-projects)) awarded by Aus Federal Govt March 2021. This is a big one, because it requires a project be >$50 M, have community/govt support, have sufficient funding, and be commercially viable. Only 31 MPS in Aus (not all resource industry) +* NT Major Project Status [awarded by NT Govt 2012?]. This is less impressive, but still hopefully shows the NTG is on board & should be supportive in terms of approvals, etc., because they want that boost to the economy. +* [Critical minerals](https://www.austrade.gov.au/news/publications/australian-critical-minerals-prospectus-2021) are super HOT right now. They are predicted by some to be about to boom. Vanadium is one of the more risky ones, but risk = reward, right? Also the project has the Ti and Fe sides of it to support the numbers and reduce risk. +* “World-class assets”: I know they all say that, but mine is big, I swear! Resource of 160 M tonnes makes it one of the largest undeveloped projects ever. +* Pre-construction stage: Mining Licences granted, Native Title sorted, mine development plans and approvals underway, FEED study. +* Proprietary ore-processing tech that produces high-purity (commercial-grade) products, also turning byproducts into profit. Smarter people than me can give more info. +* Sexy numbers **, which are subject to change update: +* Pre-tax IRR 33% (really good for now, if they can keep this over 25% post-tax I’ll be happy) +* Capex ~A$824M (“That Capex is huge!” you say, and you’re right, it’s 100% boom or bust) +* LOM: 37 years +* Post-Tax NPV8%: A$2.8B (current MC = crazy potential rockets, or complete duster) +* Expected pre-tax annual cash-flow: A$350M+ (per year, sexy) +* Est. pay-back: 2.8 years +* Commercial: Offtakes in place. Because of the ongoing rescheduling this is sort of hard to keep track of, with 100% of product offtakes reported, but who knows if that’s still the case. 60% of that is covered under the Korean debt agreement in an obtuse way. +* Funding: probably the sexiest of all. Non-binding (might fall apart) [conditional letters](https://newswire.iguana2.com/af5f4d73c1a54a33/tng.asx/6A1100172/TNG_Mount_Peake_Project_Finance_Update) of support for up to A$300M debt from Export Finance Australia (“EFA”), letter of interest by German ECA financing of A$300M, various letters of interest from Aus and overseas banks, now [A$200M](https://newswire.iguana2.com/af5f4d73c1a54a33/tng.asx/6A1102642/TNG_TNG_receives_A$200M_backing_from_K-SURE) from Korean official Export Credit Agency, totally almost the magic capex number! All debt, so zero dilution to the already bloated SOI. Also an existing debt funding commitment of up to $600M German Government-backed KfW IPEX-Bank GmbH. + +*Growth potential: With a MC of <$150M, capex of $800M+ and sweet potential returns, if all goes according to plan this could multi-bag and pay dividends over the next 1–37 years.* + +**Red flags:** +* Disgruntled shareholders: if you check Haute Crapper, you’ll see that the company has a spotty history of frequently being accused of dodgy/lifestyle company management. +* In the last month they’ve received notices from (>5%-holding) shareholders to call for an oust of directors, so pitchforks are definitely being brandished. Pretty spicy. +* Major stumbling block in 2021 when the hyped-up project looked all set to go after years, and then whoops! surprise “strategic decision” to abandon The Middle Arm (Darwin) side of the project after a “detailed review”. New location (on-site processing at Mount Peake) sounds logical, but will require re-assessment of all the things, including costs, environmental approvals, FEED, etc., so this is a major setback. +* Repeat, the To Do list is not insignificant: Environmental Impact Assessment, Indigenous Land Use Agreement, revised costing, etc. Not to mention water bore drilling and hydrogeochem assessment required for the revised processing location. Water shit is pain, trust me. +* Sexy numbers ** will need updating with the new processing site, and in my unprofessional opinion are also likely to reduce w/ changes and increase in macroeconomic factors like construction costs, etc. +* Lots of disgruntled shareholders pissed off at lack of progression and delays (claims of being a lifestyle company). Deposit discovered all the way back in 2008, constant reschedules, etc. This doesn’t worry me as much, because these projects take a LONG time to happen. +* Wtf is with the sudden interest in “green” hydrogen in late 2020, just when it happened to be getting trendy? Also that they insist on calling it “green” hydrogen when they discuss making H from “various renewable, secondary or fossil hydrocarbon sources”, which would actually make it green or blue (if hydrocarbon). They’re talking about using the nixed Middle Arm location as a hydrogen production facility, but I’m sceptical. +* Shitty ASX presentations: it’s like a meme at this stage, the repeated wording and figures that have been cut & pasted so many times they’re jpegged to hell. Pay me TNG, and I will update this shit for you so at least it looks semi-legitimate for a multi-million dollar company. + +**Other Projects:** +TNG is assuring everyone loudly that although they may be raping the earth for minerals, they are also hot for ESG. Nebulous “strategies in place” for renewable energies / alternative energies / carbon offset / VRFB battery partnerships, etc. I can discuss more on this if desired, but this is already too long. + +**TL:DR;** Critical Minerals are hot. Financials look good, funding is looking sexy. May be a big mine soon^(TM). Potential multi-bagger if it happens (NB fractions are a multiple). High risk, but also high potential reward. + +*Final notes: it’s had a positive run after a couple of good announcements and so is currently sitting near the 52-week high, but it’s hard having the balls to do public DD when it’s at the low (infinite respect for those that do).* + +*PS: I'm probably going to be editting this after posting, because I suck at formatting (and content).* +Edit: adding sources for those interested. +All the haters downvoting my post when I try to share DD to help us all buy sweet juicy tendies - where you haters at now? Why not just jump on board and go for the ride to the mooooon?! +1. Covid nasal spray potentially expediated and application for emergency use, just entered Phase 2 as of 2/2/2021. +2. Short interest is up 1,172%, ~~92% of float shorted~~, looking good for a super short squeeze. +3. Exercised warrants guarantee good cash positions and reduced risks of offering. +4. Also has boob cancer drug in pipeline + +\#SaveTheBoobs + +Disclaimer: Holding 600 at .86. NFA. Price target is between $4 to $10. Either way I have already took out my original investment. Just riding on profits now. + +EDIT: Someone asked for my references so here they are: + +Point 1 is from the conference but I am too lazy to find the link so you can probably find some comments on it on StockTwits or even here. + +[Short interest](https://shortsqueeze.com/?symbol=ATOS&submit=Short+Quote%E2%84%A2) + +[Warrants news](https://www.globenewswire.com/news-release/2021/01/29/2166673/0/en/Atossa-Therapeutics-Receives-21-Million-from-Recent-Exercises-of-Outstanding-Warrants.html) + +EDIT 2: Information I picked up from my options scraper: + +\--ATOS--(Filtered) + +Calls today: 91508 | Calls yesterday: 89614 | % change: 0.02% + +Puts today: 7410 | Puts yesterday: 7508 | % change: -0.01% + +TD: Call-Put Ratios: 12.35 | % Calls: 91.35% | Puts: 7.40% | Very Bullish + +YTD: Call-Put Ratios: 11.94 | % Calls: 91.36% | Puts: 7.65% | Very Bullish + +PS: Does not account for moneyness of options but I literally built this part of my code yesterday. + +EDIT 3: Apologies but I miscalculated the short %, it is currently at 11% of float as u/hobobonobo11 pointed out. + +Regardless, I still like the stock + +EDIT 4: u/repos39 told me ATOS has been on the REG SHO list which may be indicative of naked short selling. Personally I don’t fully understand that yet but do what you will with the information. + +EDIT 5: Covid 19 Nasal Spray just moved to Phase 2. + +https://atossatherapeutics.com/product-pipeline/ + +EDIT 6: Exited my position at $3. +1. Covid nasal spray potentially expediated and application for emergency use, just entered Phase 2 as of 2/2/2021. +2. Short interest is up 1,172%, ~~92% of float shorted~~, looking good for a super short squeeze. +3. Exercised warrants guarantee good cash positions and reduced risks of offering. +4. Also has boob cancer drug in pipeline + +\#SaveTheBoobs + +Disclaimer: Holding 600 at .86. NFA. Price target is between $4 to $10. Either way I have already took out my original investment. Just riding on profits now. + +EDIT: Someone asked for my references so here they are: + +Point 1 is from the conference but I am too lazy to find the link so you can probably find some comments on it on StockTwits or even here. + +[Short interest](https://shortsqueeze.com/?symbol=ATOS&submit=Short+Quote%E2%84%A2) + +[Warrants news](https://www.globenewswire.com/news-release/2021/01/29/2166673/0/en/Atossa-Therapeutics-Receives-21-Million-from-Recent-Exercises-of-Outstanding-Warrants.html) + +EDIT 2: Information I picked up from my options scraper: + +\--ATOS--(Filtered) + +Calls today: 91508 | Calls yesterday: 89614 | % change: 0.02% + +Puts today: 7410 | Puts yesterday: 7508 | % change: -0.01% + +TD: Call-Put Ratios: 12.35 | % Calls: 91.35% | Puts: 7.40% | Very Bullish + +YTD: Call-Put Ratios: 11.94 | % Calls: 91.36% | Puts: 7.65% | Very Bullish + +PS: Does not account for moneyness of options but I literally built this part of my code yesterday. + +EDIT 3: Apologies but I miscalculated the short %, it is currently at 11% of float as u/hobobonobo11 pointed out. + +Regardless, I still like the stock + +EDIT 4: u/repos39 told me ATOS has been on the REG SHO list which may be indicative of naked short selling. Personally I don’t fully understand that yet but do what you will with the information. + +EDIT 5: Covid 19 Nasal Spray just moved to Phase 2. + +https://atossatherapeutics.com/product-pipeline/ + +EDIT 6: Exited my position at $3. +I often encounter the anti-lockdown argument that "lockdowns destroy the economy". + +[Australia's economy did shrink 7%](https://www.barrons.com/news/australia-warns-economy-to-shrink-record-7-in-q2-01595477105) in Q2 this year. As bad as that is, in the same time period, countries which reacted less stringently to COVID-19 than we did have suffered worse economic downturns than we have: + +* The [USA's economy shrank 33%](https://time.com/5873610/economy-shrink-record-coronavirus/) +* [Sweden's economy shrank 8.6%](https://www.telegraph.co.uk/business/2020/08/05/sweden-suffers-record-plunge-despite-lighter-lockdown/) +* [Brazil's economy shrank 10.94%](https://tradingeconomics.com/brazil/stock-market) +* [Russia's economy shrank 8.5%](https://rappler.com/business/gross-domestic-product-russia-q2-2020) + +The only country which I can find whose economy shrank less than ours despite reacting less stringently to COVID-19 is Indonesia, [whose economy shrank 5.3% in Q2 this year](https://rappler.com/business/gross-domestic-product-russia-q2-2020). + +How did our economy suffer less than these other countries if our economic activity is being hindered and theirs isn't?: + +* Is this a sign that lockdowns are counter-intuitively good for the economy? +* Is this a sign that government stimulus succeeded at its attempt at inorganically keeping the economy afloat? +* Or is this a sign that our government is sending fabricated data to economic analysts? +I've been thinking about this for a long time and I finally decided to move all my savings to Celsius. Why should I keep my money in a bank? Not only I don't get any interests but I also have to pay 15 bucks a month just for the privilege of having an account. Now I get almost 9% interest rate, which I will probably invest back in crypto. Fuck traditional banks. +It will be on Decemeber 21st, Scarlett vs Naniwa Best of 7 showmatch! + +Dbug has provided us a link to the sc2 subreddit! +http://www.reddit.com/r/starcraft/comments/1sewc8/naniwa_vs_scarlett_bo7_showmatch_for_12_bitcoins/ +We all have our various goals in Crypto. Some of us wants to buy a house. While others just want some fu*k-you money or a nice Lamborghini. + +I for one just want to have enough crypto to live off my passive income. Imagine the time when your crypto has pumped so hard and you have kept dollar costing average throughout all the years. One day she’ll come. + +Imagine every month you do not have to go to work, you only go to work because you want to not you need to. This is all because you have generated enough passive income from staking or lending crypto alone. That is the dream that is what I want and I hope that is what all of us can achieve. This way we won’t just be rich, we will be wealthy. +I’m bullish on Ford. It’s so cheap and I think they will be the dominant company that brings electric cars to the public at an AFFORDABLE price unlike Elon at Tesla. + +While Elon [complains](https://finance.yahoo.com/video/president-biden-reacts-elon-musks-203614129.html?contentType=VIDEO) and tries to scalp his employees from remote work, Ford is creating electric cars and yoloing the best talent in the nation. + +When you think of American cars, you think of ford. It’s the most patriotic car company and I 100% see it being the leader of the electric car just as it was the leader of the car 100 years ago. + +In the next bull run, Ford to $50. It’s probably the safest investment in the auto industry. + +If the market truly crashed, F would be the first stock I’d buy. Why not add it to your portfolio? Instead of buying that Big Mac at McDonald’s like a fatass, go buy a Ford share. + +Make Ford Great Again 🇺🇸 +I understand the term “living paycheck to paycheck” but when is it that you can officially say you are not doing that? I mean if I were to lose my job now I could survive for a few months because of my savings, and right now I am able to go out and enjoy myself to an extent because of some disposable income. I don’t think I am living paycheck to paycheck, but at what point will someone be able to say they are not? + +Edit: spelling +This is pretty much a rant but I keep reading the posts here and it seems like no matter what post if someone is in debt or financial stress y’all tell them to get rid of their animals. + +Animals are good for mental health and animals have emotions. I don’t know why all of you think it’s so exceptable to just tell people to get rid of their family as you please. If that’s the advice you want to give. That’s fine but do it with at least some tact. Saying things like “get rid of the cat” That’s rude and demeaning towards someone that’s already struggling. + +If someone doesn’t have animals and is in debt and having a hard time with money. They should not get one. Buying or adopting and animal should be done with the reflection that it’s a 10-20 year commitment. That’s easy advice. Telling someone to get rid of a family member? Taking them to a shelter where that animal will be scared and possibly killed for just being there. All of you are heartless, money is not worth more than an existing companion. +We all know the type of article I’m referencing. The top tip is always “cut back on shopping/eating out/coffee.” Theres posts ranting about them here every single day. For so long I convinced myself that getting starbucks once every other month was irresponsible. I didn’t eat out for over a year. I went over 12 hours without eating on multiple occasions when I would go to work for a short shift, and then have to stay late. I didn’t pack a lunch so I didn’t eat. That’s not healthy, but these articles push their narrative so hard that I started to believe that I was broke because I got a latte 6 times a year. + +I just saw one that actually suggested eating less and counting calories as a way to save money. Not cook at home more. Not eat more generic brand food. Eat less period. + +I’m sure most of us have eaten light for a week or two to make it to our next payday, but that’s not something that should be done just to get an extra $10 to put in savings. That is how eating disorders form. + +If any of you are like I was, please don’t listen to those types of articles. You’re not broke because you eat more than 1200 calories a day. You’re broke because you’re in a bad situation. Be kind to yourself. +&#x200B; + +# Table of Contents + +1. TL;DR +2. Purpose +3. First Phase: Real Estate +4. Second Phase: Customer Service +5. Summary + +# + +https://preview.redd.it/lqhj2t5aqoo61.jpg?width=1710&format=pjpg&auto=webp&s=bc3e26f8120d3deda52f8c25e0b0d734dcfe294b + +# TL;DR + +Think like a customer. Think about customer service. Think about who the customer is. + +Walk into gamestop. Walk into Pet Smart. Walk into Best Buy. Walk into Target. Ask yourself what could be better and why things are the way they are. Could we do better? + +When you’ve mastered customer service, willingness to pay increases. + +&#x200B; + +https://preview.redd.it/9muytpqzpoo61.png?width=1401&format=png&auto=webp&s=ef5ee3353d240709a49a6a3faafeb7986a5ac1b8 + +# Purpose + +Disclaimer: Don’t use this DD to confirm your bias as a means to make silly choices. Use it as an opportunity to learn you dingus! + +Some of you folk may remember the DD I wrote about Cloudflare and serverless computing back in May 2020, but most of those posts were written far less seriously and lacked professionalism. To be frank, I was surprised by the hunger for knowledge and I really enjoyed debating some of the rather brazen people here. + +WSB has grown and in my view, our committed analysts tend to BTFO Wall Street analysts. We have on-the-ground experience as laborers, customers, and digital-natives that they often filter out of a privileged ignorance. + +Part of this is also due to the fact that I believe that investing in securities will become increasingly complex yet accessible for a typical retail investor which will either result in isolation OR incentivize cooperation. + +* Does the average retail investor really understand the core regulatory influences in investments like Square, PayPal, or even rob-the-hood? **(Square DD Complete)** +* How do we compare social media? **(Pinterest DD Complete)** +* What really is customer service? **(You are here)** +* Are we familiar with new international trades that increase Mexican-Texan manufacturing? **(Kansas City Southern DD in Revision Mode)** +* Is the average retail investor familiar with the network models that govern software like Fastly and Twilio? (**Google DD in Progress)** +* Do we understand incentives vs. bias? **(Roblox DD in Progress)** +* How knowledgable are we of fashion trends that make Nike and Foot Locker valuable? **(You are here)** +* Is an average retail investor familiar with competitive types of manufacturing processes when they invest in technologies like AMD or GE? + +At the end of the day, I am an educator and I believe that the goal of education is to engage a reader into a deeper curiosity or discussion, so that’s why I’m sharing my writing. I’m not here to convince you that this stock is even a good choice - but to explore the economics behind it. + +# First Phase: Real Estate + +Walk into Best Buy. They do some things right, and they do some things wrong. Want into the gaming section of Target. Notice the activity levels in the region, but think critically of the real-estate afforded to it. How does it affect your experience? + +https://preview.redd.it/hsbr69iatoo61.jpg?width=750&format=pjpg&auto=webp&s=da613414e26bae76282c1cde1b93bd6c4a4c27f8 + +Ultimately, a floor design is a subset of customer service and sale intentions. A location that sells furniture and diet pills may not service customers the same way a place that sells gaming culture (stream, cosplay) and gaming devices products. GameStop will predictably close down smaller shops, while expanding the size of others to produce an alternative service. Gamestop will no longer be a convenience store aisle, but rather an area for culture. + +&#x200B; + +https://preview.redd.it/8wzo5ehztoo61.jpg?width=1024&format=pjpg&auto=webp&s=e321d639c41825f50b999e3fe8c9f68e55222caf + +The reason for this is clear. Gaming is **BIG** where many players will win. Gaming expands multiple culture vectors. Movies, cosplay events, entertainment parks, meta-verses, sold out arenas, cafes, midnight releases and home development. If you have an industry where people WILL wait in line, you have a goldmine of an industry. + +https://preview.redd.it/rfg1hnt9voo61.jpg?width=573&format=pjpg&auto=webp&s=dc610af0af2faa9d17217a1836ac0ffd2991f271 + +https://preview.redd.it/wl15qmicvoo61.jpg?width=1500&format=pjpg&auto=webp&s=57fb1c160657525a45861611f5a8b335aa6544a0 + +&#x200B; + +# Second Phase: Customer Service + +You as a dear millennial, or parent of a millennial, understand that gaming is larger than life, and that experience will never fundamentally change. Ryan Cohen understands this. It is the core of an American market, much like Chewey’s targeting of pets. What Ryan cohen seeks is to breech the American household rather than to compete with the likes of Amazon or Target. Ultimately, Cohen is a proud student of Jeff Bezos. This is a stated fact by himself. + +https://preview.redd.it/mkbo52yswoo61.jpg?width=1920&format=pjpg&auto=webp&s=fd04ea2474c5e72666b9ca5f01cd2d96d590bbc6 + +&#x200B; + +https://preview.redd.it/5a1qcru48po61.jpg?width=1920&format=pjpg&auto=webp&s=a8fec7d952782ffd663b399dd72361576d86fb9b + +Ask yourself: + +\- What if a parent wants to buy a high-grade computer setup for their child? Is it reasonable to assume that a 54-year old mother will understand the differences between AMD and NVIDIA graphics cards? + +\- What services can Gamestop capture to produce economic value for streamers, cosplay, and e-sports consumers? + +\- What products exist beyond Corsair, Logitech, and other big-name products? Do small manufacturers produce good value products that customers may love? + +– Can things like Legos, Roblox, Minecraft, and Nintendo find themselves in the same space? + +\- Is it possible to have GameStop create integrations with services like Unity, Steam, Roblox, and other digital services? How rapidly could GameStop capitalize on successes like Among Us or other sectors like child-gaming? + +\- Can GameStop capture bigger sports and sports-betting markets? + +https://preview.redd.it/33q7ksn7voo61.jpg?width=1200&format=pjpg&auto=webp&s=d4042e97ce8df20e5be17824c532d1e3dfb2eace + +&#x200B; + +# Summary + +Despite GameStop being in a meme state, it was quite obvious that the organization was undervalued relative to the larger American or global gaming market. The company stagnated and had a weak formula for success in a rapidly evolving retail sector. I personally believe that Gamestop has the potential to sustain beyond 20-30B market cap if it operates and succeeds strategically. The first step was to have leadership that understands the larger-than-life nature of technology and culture, which it has achieved. The next step is transforming the companies space to properly service its customers and products. The final step is to overhaul the customer service to increase engagement, satisfaction, and to put the “custom” in customer. + +&#x200B; + +https://preview.redd.it/zhm3ea7h2po61.jpg?width=850&format=pjpg&auto=webp&s=9ccf471f1e8269b636349fce6ac57bd81ee77872 + +&#x200B; + +[Naruto: Believe It!](https://preview.redd.it/0himvwbl8po61.jpg?width=760&format=pjpg&auto=webp&s=7b8b60a889c0debf8c37c69b5cddc1517c0c53df) + +[https://media.nichegamer.com/wp-content/uploads/2020/03/09182715/Reggie-GameStop-03-09-2020.jpg](https://media.nichegamer.com/wp-content/uploads/2020/03/09182715/Reggie-GameStop-03-09-2020.jpg) +Nokia $NOK Debunking common myths. And a look at recent news. + +As a long on Nokia, I have been lurking this sub and I see a lot of the same misconceptions about Nokia and well, I believe its time for me to bring some clarity to the reality that is $NOK + +**Myth #1 Nokia is a phone company.** + +This is wrong, Nokia is not a phone company. They sold their phone business to Microsoft back in 2013 for over 7 billion dollars, later it was sold by Microsoft to HMD for 350 million dollars in 2016, who currently makes the phones. Nokia just gets royalties for the use of their name. + +[https://www.geekwire.com/2019/microsoft-nokia-reunite-new-alliance-5-years-failed-7b-smartphone-megadeal/](https://www.geekwire.com/2019/microsoft-nokia-reunite-new-alliance-5-years-failed-7b-smartphone-megadeal/) + +**Myth #2 Nokia has been under the same failed management for 25 years.** + +Correction, Nokia hired on a new CEO Pekka Lundmark in August of 2020 and took full leadership in September. He previously worked for Nokia between 1990 and 2000, when he helped oversee the company’s emergence as the world’s biggest mobile phone manufacturer and a significant player in mobile infrastructure. + +Career history: + +President and CEO, Fortum, 2015–2020 + +President and CEO, Konecranes, 2005–2015 + +Group Executive Vice President, Konecranes, 2004–2005 + +President and CEO, Hackman, 2002–2004 + +Managing Partner, Startupfactory, 2000–2002 + +Senior Vice President, Marketing, Nokia Internet Communications, 1998–2000 + +Vice President, Strategy & Business Development, Nokia Telecommunications, 1996–1998 + +Vice President, Access Systems Business Unit, Nokia Telecommunications, 1994–1996 + +Managing Director, Nokia Telecommunications Denmark, 1992–1994 + +Account Manager, Nokia Cellular Systems, 1990–1992 + +[https://www.nokia.com/about-us/company/leadership-and-governance/group-leadership-team/pekka-lundmark/](https://www.nokia.com/about-us/company/leadership-and-governance/group-leadership-team/pekka-lundmark/) + +# Nokia global head to go as executive exodus continues + +[https://www.mobileworldlive.com/featured-content/home-banner/nokia-global-head-to-go-as-executive-exodus-continues](https://www.mobileworldlive.com/featured-content/home-banner/nokia-global-head-to-go-as-executive-exodus-continues) + +**Myth #3 Nokia is not involved with Autonomous vehicles and cant be compared to Blackberry** + +Nokia and SoftBank claim 5G first for connected cars + +Finnish comms giant and Japanese operator reveal trials that they say successfully demonstrate that 5G technology can be safely and efficiently utilised for connected cars + +[https://www.computerweekly.com/news/252478438/Nokia-and-SoftBank-claim-5G-first-for-connected-cars](https://www.computerweekly.com/news/252478438/Nokia-and-SoftBank-claim-5G-first-for-connected-cars) + +5G ecosystem paves the way to automated vehicles + +[https://www.nokia.com/blog/5g-ecosystem-paves-way-automated-vehicles/](https://www.nokia.com/blog/5g-ecosystem-paves-way-automated-vehicles/) + +Nokia Future X for industries solutions can help you digitally transform your vehicle manufacturing operation and bring new levels of safety, engagement and “connectedness” to your customers, partners, suppliers and to your own workforce. + +[https://www.nokia.com/networks/industries/automotive/](https://www.nokia.com/networks/industries/automotive/) + +**Myth #4 Nokia is losing market share due to competition** + +While yes, there is strong competition in the 5G market, Huawei the global leader, is facing bans across the United States and Europe, ZTE who makes up a small fraction of the market share is also seeing geopolitical pressure. Current estimates of market share show the following Huawei 28.5% Ericsson 26.5% Nokia 22% Samsung 8.5% ZTE 5% and others 9.5%. + +Here is an updated list on each countries stance on Huawei and ZTE. The list is growing as more and more countries decide to venture away from Chinese telecommunication equipment. + +[https://www.channele2e.com/business/enterprise/huawei-banned-in-which-countries/](https://www.channele2e.com/business/enterprise/huawei-banned-in-which-countries/) + +With more countries joining on the list, there is an increase demand on the others within the market to pick up the lost market share. + +**Myth #5 Nokia isn’t a cyber security company like BlackBerry** + +Nokia actually is involved in the cyber security field in many important ways. Nokia Smart Grid for example, is designed specifically for one of our largest threats faced by modern nations, Power Utilities. + +[https://www.nokia.com/networks/solutions/cyber-security-for-power-utilities/](https://www.nokia.com/networks/solutions/cyber-security-for-power-utilities/) + +Network Security + +[https://www.nokia.com/networks/portfolio/network-security/#why-nokia-](https://www.nokia.com/networks/portfolio/network-security/#why-nokia-) + +IOT security (Internet Of Things, ex. network of connected objects that are able to collect and exchange data using embedded sensors. Thermostats, cars, lights, refrigerators, and more appliances can all be connected to the **IoT**.) + +Railway infrastructure + +[https://www.nokia.com/networks/solutions/cyber-security-for-railways/](https://www.nokia.com/networks/solutions/cyber-security-for-railways/) + +**Myth #6 Nokia isn’t doing anything to make itself more profitable** + +Nokia Cuts Jobs in France + +Staying in Europe, Nokia said it was cutting 1,233 jobs in France, largely impacting research and development positions at its Alcatel-Lucent subsidiary. + +Nokia has been slashing jobs amid a global cost savings program originally announced in late 2018. “Nokia is reinforcing its efforts and has earlier launched a global evaluation of its \[research and development\] operation that has led to significant adjustments globally,” a company spokesperson said in a statement. + +The Finnish vendor, which is trying to cut $556 million in costs by the end of 2020, announced plans to cut about 180 jobs in its home country at the beginning of the year and hinted at more to come. + +[https://www.sdxcentral.com/articles/news/ibm-nokia-cisco-among-vendors-that-slashed-jobs-in-2020/2020/12/#:\~:text=Nokia%20has%20been%20slashing%20jobs,originally%20announced%20in%20late%202018.&text=The%20Finnish%20vendor%2C%20which%20is,hinted%20at%20more%20to%20come](https://www.sdxcentral.com/articles/news/ibm-nokia-cisco-among-vendors-that-slashed-jobs-in-2020/2020/12/#:~:text=Nokia%20has%20been%20slashing%20jobs,originally%20announced%20in%20late%202018.&text=The%20Finnish%20vendor%2C%20which%20is,hinted%20at%20more%20to%20come). + +**Myth #7 Nokias R&D is falling behing.** + +Nokia to lead European Commission’s 6G research initiative + +Last month, Nokia announced that it is leading the Hexa-X project, the European Commission’s 6G flagship initiative for research that will drive the overall vision for not-yet-standardized 6G. + +[https://www.rcrwireless.com/20201207/5g/nokia-lead-european-commission-6g-research-initiative](https://www.rcrwireless.com/20201207/5g/nokia-lead-european-commission-6g-research-initiative) + +**Here is some recent Nokia News articles that may change investors perspective.** + +1/21/21 China Mobile and Nokia deliver 70% cost saving with AI-powered 5G RAN + +[https://www.sdxcentral.com/articles/news/nokia-claims-ai-5g-ran-triumph-with-china-mobile/2021/01/](https://www.sdxcentral.com/articles/news/nokia-claims-ai-5g-ran-triumph-with-china-mobile/2021/01/) + +1/18/21 Google Cloud and Nokia Partner to Accelerate Cloud-Native 5G Readiness for CSPs + +[https://www.arcweb.com/blog/google-cloud-nokia-partner-accelerate-cloud-native-5g-readiness-csps](https://www.arcweb.com/blog/google-cloud-nokia-partner-accelerate-cloud-native-5g-readiness-csps) + +1/15/21 Nokia joins US government 5G cybersecurity project + +[https://www.telecompaper.com/news/nokia-joins-us-government-5g-cybersecurity-project--1368745](https://www.telecompaper.com/news/nokia-joins-us-government-5g-cybersecurity-project--1368745) + +1/12/21 Nokia and M1 partner with 5G standalone Core to drive Singapore’s 5G ecosystem + +[https://www.globenewswire.com/news-release/2021/01/13/2157562/0/en/Nokia-and-M1-partner-with-5G-standalone-Core-to-drive-Singapore-s-5G-ecosystem.html](https://www.globenewswire.com/news-release/2021/01/13/2157562/0/en/Nokia-and-M1-partner-with-5G-standalone-Core-to-drive-Singapore-s-5G-ecosystem.html) + +1/11/21 Nokia to accelerate Tele2’s digitalization with distributed cloud core + +[https://www.globenewswire.com/news-release/2021/01/11/2155903/0/en/Nokia-to-accelerate-Tele2-s-digitalization-with-distributed-cloud-core.html](https://www.globenewswire.com/news-release/2021/01/11/2155903/0/en/Nokia-to-accelerate-Tele2-s-digitalization-with-distributed-cloud-core.html) + +1/8/21 Nokia (NOK) Secures Private Wireless Deal From Tideworks + +[https://finance.yahoo.com/news/nokia-nok-secures-private-wireless-133601128.html](https://finance.yahoo.com/news/nokia-nok-secures-private-wireless-133601128.html) + +1/6/21 Nokia secures new 5G deals in Saudi Arabia + +[https://www.rcrwireless.com/20210106/5g/nokia-secures-new-5g-deals-saudi-arabia](https://www.rcrwireless.com/20210106/5g/nokia-secures-new-5g-deals-saudi-arabia) + +1/4/21 Bringing LTE to the Moon: Nokia Exec Talks NASA Tipping Point Contract + +[https://www.satellitetoday.com/telecom/2021/01/04/bringing-lte-to-the-moon-nokia-exec-talks-nasa-tipping-point-contract/](https://www.satellitetoday.com/telecom/2021/01/04/bringing-lte-to-the-moon-nokia-exec-talks-nasa-tipping-point-contract/) + +12/29/20 dtac selects Nokia for 5G deployment in parts of Thailand + +[https://www.rcrwireless.com/20201229/5g/dtac-selects-nokia-5g-deployment-parts-thailand](https://www.rcrwireless.com/20201229/5g/dtac-selects-nokia-5g-deployment-parts-thailand) + +9/28/20 Finland Grows Nokia Stake In Response to US Interest. The state’s equity-asset manager Solidium Oy recently crossed the 5% threshold in Nokia shares, and now has about €1 billion (US$1.2 billion) worth of stock. + +[https://www.competitionpolicyinternational.com/finland-grows-nokia-stake-in-response-to-us-interest/](https://www.competitionpolicyinternational.com/finland-grows-nokia-stake-in-response-to-us-interest/) + +&#x200B; + +&#x200B; + +Current position 270x 10c Jan 22 leaps + +500 shares long. 🚀🚀🚀🚀 +I'm surprise noone else has mentioned this, I checked the free scanners but they didn't pick this up either. + +If you look at this: + +SPY is just filled with PUTS, like that is not normal and I monitor this regularly. + +https://preview.redd.it/igkiy68fzhd61.png?width=1563&format=png&auto=webp&s=29201abc82985ca3246e1747bce6e9a5dfc1146a + +Then if you look at the cost value, there is some serious money for the price to be under 460 + +https://preview.redd.it/kmo2l5tgyhd61.png?width=1576&format=png&auto=webp&s=43e57db62594e5aca8fd88b2ff3353ae926010db + +I never seen this before since 2 months ! + +Look at all the PUTS change in volume % for SPY + +https://preview.redd.it/yloal9qozhd61.png?width=1554&format=png&auto=webp&s=cceb6d4e6feb0b371712f0788c5a83db20f3ee1b + +Yes and as ridiculous as this may sound, I'm even seeing trending tik toks that market is about to crash + +[https://www.tiktok.com/@thestockkid\_/video/6921535861884603654](https://www.tiktok.com/@thestockkid_/video/6921535861884603654) + +&#x200B; + +Edit Jan 27 + +The spy puts arent the highest anymore !!! + +&#x200B; + +https://preview.redd.it/xz2str8rxod61.png?width=1546&format=png&auto=webp&s=e93832588c84dba61c6dd5af0c6212a39e6fa0c2 + +But we have ended up with even more puts ! and even bigger!!! + +https://preview.redd.it/wsyw71k8yod61.png?width=1565&format=png&auto=webp&s=9c1c91be9b3352a02da9030fad03661feefdbb33 + +Sold a QQQ PUT a while back. It's now deep ITM and will expire today. I have a margin account with IBKR. Both my ExLiq and Buy Pwr are smaller than the amount I need to cover the assignment. + +My question... When I sold the PUT, did IBKR already take into account how much I would have to pay should I be assigned and therefore both the ExLiq and Buy Pwr reflect the amount AFTER assignment? If that's the case, I can just want assignment no problem. Or am I screwed and I'll get margin called tonight? + +Some help would be appreciated :/ +Ever wondered if you’re susceptible to the mighty fear of missing out? + +If you’ve opted to start injecting some additional funds into crypto as it has a pump, but didn’t add anything over the course of the last couple months prior, then you’ve unlocked the FOMO achievement. + +It might not seem like a big deal now, *prices are still so low!* and that would be true. + +But that’s not the point. The problem is, how will you behave when eventually there’s a proper bull run? Will you be buying all the way to the top? Will the excitement make you invest more than you did when it was crab crawling along? + +I love a green day, but if you’ve loaded up today but had no interest last week then just be mindful that *you’ve been hit by, you’ve been struck by, a smooth FOMO.* +Hi all. + +According to take-home calculators I've found, I will be paying $30k in taxes in 2015 because my income will be $75k. This seems absurd - that's almost half my paycheck! I live in California. + +What gives? + +sidenote edit: I previously made less than $20k, and paid ~$4k in taxes total, which was 20% of my income. + +Edit 2: many thanks to everyone who commented and helped me understand this tax issue better. I learned two important things: (1) I need to remember deductions and exemptions, and (2) I misunderstood the 25% tax bracket thing for the 50-80k salary range. Thanks guys! + +And just as an aside, some of ya'll are hostile as fuck. I've been a redditor for over four years now (old account was compromised so this is my new one), and I've never before been downvoted the way ya'll are downvoting me, and have never seen anyone be downvoted like this except in certain subreddits (trollx, etc.). Damn, guys. +SOS Ltd. is a small player in the crypto world with the share price being only 4,2$ (as of writing this). It's not like some of the smaller crypto mining players like $CWLD or $MGTI who are sub 1$ but it instead has a nice foundation of a few dollars. When comparing this to other stocks like **MARA (38$)** and **RIOT (39$)** this has potential for huge gains. + +TL;DR at the bottom + +Now why am I bringing this to your attention? Because I honestly believe in crypto growing long-term and becoming a fundamentally important part of our economy. This would also mean the companies mining crypto would go up in value and a lot. + +Crypto is getting a lot of attention lately with **Elon Musk** buying **1,5bn** worth of Bitcoin and even considering to accept it as a payment method. Bitcoin is becoming more mainstream as we speak and it also hit a ATH which helped MARA and RIOT grow a whopping **+62%** and **+67%** over Friday and Monday respectively. + +[Elon Musk had \\"#bitcoin\\" in his twitter bio](https://preview.redd.it/yyrh3cxksng61.png?width=624&format=png&auto=webp&s=afee1511f33411853bd6d9998a6c7ea2bbf6e831) + +Elon Musk had "#bitcoin" in his twitter bio + +When comparing $MARA or $RIOT to $SOS then we can see that $SOS has been unnoticed so far and with those two companies going up over **1500% and 1000%** respectively in the last three months while SOS has only gone up around 100%. This is just **untapped potential** and I hope you get on the train while it's still in the station. + +[Comparison between MARA, RIOT and SOS](https://preview.redd.it/ohjgwillsng61.png?width=624&format=png&auto=webp&s=e9e0a2a788423f82e0c6927e10249a2b1ee2fc1c) + +***About SOS Limited*** + +SOS is an emerging blockchain-based and big data-driven marketing and solution provider, with a nationwide membership base of approximately **20 million** in China. Recently, SOS has outlined its strategy in **blockchain and cryptocurrencies**, which include a series of initiatives to expand its business into cryptocurrency mining as well as **cryptocurrency security and insurance**. The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big date, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. We have created a SOS cloud emergency rescue service software as a service (SaaS) platform with three major product categories: basic cloud, cooperative cloud, and information. This system provides innovative marketing solutions to clients such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. + +[SOS Ltd. logo](https://preview.redd.it/ecnqvcmmsng61.png?width=225&format=png&auto=webp&s=4f39a13b13a60a011677747aa7a69e79798064e0) + +SOS Ltd. is a **first of its kind** in the crypto industry. SOS is the first **crypto insurance**, **crypto bank** and on top of that they're also **mining crypto**. They're mining BTC and ETH. Their goal is to be the first complete **crypto institution**. + +Recently they just bought a **cloud computing company** which is capable enough to mine **3-4 BTC daily and over 50 ETH**. Now with the rising value of cryptocoins their revenue is only going to keep going up. + +Announced on February 5th, SOS Ltd. entered a framework agreement with Leibodong Hydropower station in Heijang to secure **cheap and renewable electricity** for its cloud crypto mining center. + +Adding on top of that, today, February 9th, they announced their receipt of **5000 pcs of Mining rigs** which arrived ahead on schedule. This rigs can generate about **BTC Hash Power 175P and ETH Hash Power 350G**. If these machine operates as expected, **the annual ROI (return on investment) is projected to be significant based on the current crypto price momentum**. The seller also confirmed that they have enough inventories of crypto mining rigs and that they can fulfill the next two batches of shipments as scheduled. SOS Chairman Yandai Wang commented, "we have secured supply of crypto mining equipment that is expected to generate sufficient crypto hash power to allow us to promptly capture the rising cryptocurrency price." + +Just today on February 9th, they also announced the exercise of warrants for approx. **48$ million** in gross proceeds. This took a slight dip on the stock today but **we recovered** really well and this can only mean good for the company. Having more cash/liquidity, more financial freedom and opportunities to catch onto. + +[$SOS minute chart \(February 9th\)](https://preview.redd.it/pnezlhinsng61.png?width=624&format=png&auto=webp&s=608480af71e5d8a8c9489d9e7738d6cf5aba1e70) + +***Financials*** + +SOS Ltd.'s balance sheet is just beautiful. Here we can see that they have a really good amount of cash in hand to improve and they're debt is only a measly ca $200k. + +[$SOS balance sheet](https://preview.redd.it/aae5dj8osng61.png?width=418&format=png&auto=webp&s=3d52a9cdb390ffa95bc43e7d493622b468de29ce) + +Market cap is 264m with the share price of 4,19$ as of market close 09.02.2021. + +If we take a look at the performance of the stock we can see that it hasn't had its boom yet unlike most other pennystocks who have gained 100-500% in the last few months. This gives me **more confidence** that there might be a **breakout** soon when more people find out about this company. + +[$SOS performance](https://preview.redd.it/powrdv2psng61.png?width=232&format=png&auto=webp&s=2817dd4fc069639cc49a422e2bdcb623a98b7b8f) + +***Technical indicators*** + +The technical indicators are also looking positive. We're seeing a **good volume increase** which usually indicates a breakout soon and it getting more traction. We recently just **broke the last resistance** ceiling as well and we are in a continuous **upwards trend** at the moment. + +[$SOS daily chart](https://preview.redd.it/is3vbfspsng61.png?width=624&format=png&auto=webp&s=2ec159f1dec2dab0ed3d29c284fc8e8f108f7e35) + +Now if we take a look at the weekly chart for SOS we can see it has been upwards of **$30** before which can indicate that it can reach that again. We're seeing a parabola happening, it seems like it's just the start of it. We all know these stocks which have been high, fell down and held a certain price for months until a **breakout back up** to previous ATH or even higher. Also looking at the **volume increase**, it's huge - volume increase is usually a **bullish indicator**. + +[$SOS weekly chart](https://preview.redd.it/t9kjkrcqsng61.png?width=921&format=png&auto=webp&s=9c5d037d8ed1c18fb23073fa360afe053c590289) + +**Summary/TL;DR** + +SOS Ltd. is a pennystock which **has not boomed yet** in this bull market meaning that we still have a chance to get on the train before it leaves. SOS has a great balance sheet and positive technical indicators showing an **upwards trend** at the moment. + +They are a unique kind of a company in the crypto currency field and have **a lot of potential** to be the setting stone for others. Crypto currencies are only becoming more and more mainstream, more popular means more attraction which means a price increase in those coins. This increases SOS's revenue by each year as we can expect BTC and ETH to soar in the next few years, probably even few months as BTC just hit a new ATH. BTC has a lot more confidence now growing as well since the most well known and richest man on Earth, Elon Musk, just invested into BTC worth $1,5bn. + +With good news this week we can only expect it to do well in the future. I hope you get on the train with me! + +Position: 25% of my portfolio @ $4,27 (I had this stock on my watchlist for around a week now but only managed to get some stock liquidated to get into this stock yesterday) + +&#x200B; + +Sources + +[https://finance.yahoo.com/news/sos-limited-announces-exercise-warrants-140000803.html](https://finance.yahoo.com/news/sos-limited-announces-exercise-warrants-140000803.html) + +[https://finance.yahoo.com/news/sos-announces-receipt-5000-pcs-173000783.html](https://finance.yahoo.com/news/sos-announces-receipt-5000-pcs-173000783.html) + +[https://finance.yahoo.com/news/sos-ltd-enters-framework-agreement-132900639.html](https://finance.yahoo.com/news/sos-ltd-enters-framework-agreement-132900639.html) + +[https://finviz.com/quote.ashx?t=SOS&ty=c&ta=1&p=d](https://finviz.com/quote.ashx?t=SOS&ty=c&ta=1&p=d) + +[https://www.barchart.com/stocks/quotes/MARA/interactive-chart](https://www.barchart.com/stocks/quotes/MARA/interactive-chart) + +[https://www.nasdaq.com/articles/sos-stock%3A-why-shares-of-blockchain-play-sos-limited-are-surging-today-2021-01-29](https://www.nasdaq.com/articles/sos-stock%3A-why-shares-of-blockchain-play-sos-limited-are-surging-today-2021-01-29) + +[https://www.marketwatch.com/investing/stock/sos](https://www.marketwatch.com/investing/stock/sos) + +[https://stockanalysis.com/stocks/sos/statistics/](https://stockanalysis.com/stocks/sos/statistics/) + +[https://www.nasdaq.com/articles/sos-stock%3A-why-shares-of-blockchain-play-sos-limited-are-surging-today-2021-01-29](https://www.nasdaq.com/articles/sos-stock%3A-why-shares-of-blockchain-play-sos-limited-are-surging-today-2021-01-29) + +[https://www.tradingview.com/chart/?symbol=NYSE%3ASOS](https://www.tradingview.com/chart/?symbol=NYSE%3ASOS) + +*\*I am not a financial advisor, nor is this investment advice. It's purely me sharing my opinion. Please always do your own DD before investing* +I’ll cut to the chase. I made ALOT of trades in 2018. Tons of strategy testing and mini-positions, just getting a feel for the market. By the end of the year I ended up loosing about $1,700 dollars. Me, being naive, thought absolutely nothing of it and figured the IRS would know how this sort of thing worked. If I LOST money they have nothing to collect. + +Apparently this is not how it works. If I buy 10 shares of Ford for $100, then sell them 3hrs later for $80, I lost $20 right?... Well according to the IRS, that $80 is viewed as income rather than settled cash from a losing position. + +I know I’m supposed to fill out a 1099 revision form. It’s just a bit overwhelming because how exactly do I dispute these transactions as a misinterpretation of my actual income? Has anybody gone thought this before? What did you do? +I'm trading for almost 2 months now and my account is up 2k with 5k as initial balance. My strategy is to only trade ONE stock every morning and will stay out of the market around 9:35am-10am. I'll be basing my trade on a news and will cut my losses short if I'm wrong and following Mark Douglas approach that every single trade is just random. I will try another strategy moving forward as my account grows but I'm still curious as I see a LOT of trading courses about technical analysis, indicators, patterns, whatsover. Bottomline, whatever strategy you have you'll end up winning 40-60% of the time. ( or 80% max if you're that good) IF you just follow your risk management, am I right or wrong in saying this? Is it really that complicated? I'll appreciate your response guys. +I'm 16 and I live a relatively nice and middle class life. Recently my mom ordered me new glasses, but to both of our surprises, she wasn't able to pay for it. She made some calls and found out she was in $80,000 credit card debt. She informed me that she was indeed in debt and will be asking my dad for financial support, however, we are not on good terms with my dad, so we do not know if he'll help. My parents are both nurses and make a relatively large salary (my mom said she makes $5k a month after taxes. ) + +Will my mom be alright? Will getting a job help her in any way? + +***EDIT***: A lot of people are telling me to try getting a job to support myself and not her. I now know getting a job will not have a long term effect on her, so I will get a job in preparations for college once I get my driver's license in December. Another thing I would like to note is that a lot of people are trying to lend me advice, but my goal of this post was to get advice on what my mom should do instead. + +Something that I forgot to mention is that my mom informed me she will be signing with a company in order to negotiate with the CC companies and try and work things out rather than paying it off. I don't know if it's the best choice, but it's the one my mom trusted. My mom is a really smart woman and I look up to her, she just didn't grow up with financial literacy. She also stated she will be trying to gain a better position at the hospital, switching from night shift to day shift. My mom is a highly skilled nurse with years of experience, so I am confident that she will be getting the position. I am just confused and sad how someone so smart and talented somehow can't manage their finances. + +***I guess my next question is if signing with a company to make negotiations with the credit card company is a good idea or not.*** A lot of people are saying that she needs a proper budget, and I will inform her on that, however I do not think she'd take me seriously as I am a teen with advice from Reddit, lol. + +Thank you all for your help, I appreciate it. + +***EDIT 2:*** I appreciate everyone's advice once again, however I do want to make it clear that my mom will not in fact going to try and burden me with her own debt or do anything that comes at my expense. She is one of the smartest and sweetest people I've ever met, she is just bad at financial decisions. + +Thank you again to everyone who is lending advice for my mom. +TL;DR - Buying a new investment property in a super HOT market on a conventional mortgage with 20% down and got a really good deal below the market price. The appraisal came in $25k higher than what I paid and I'm thinking about putting in an additional $10k in upgrades before renting it out. Also, another similar home nearby just sold for way above ($80k above) what I paid a week after my current appraisal. was done. + + +Taking all this into consideration: +\- Will it appraise for a lot more in 6 months given the market conditions, nearby comps, and the $10k upgrades I do (i.e. wooden floors)? Would the appraisal just look at nearby comps, market conditions, and the current condition of the home OR would they just look at how much I paid 6 months ago for the home along with how much I paid for upgrades and sum the two together? +\- And would doing a cash-out refinance on the upgraded home be worth it in 6 months to take my down-payment capital out assuming it appraises for a lot more? + + +\---------------- + +To elaborate, here are the details. + +Purchase Price - $440k +Loan amount - $352k (80% on conventional mortgage) +Appraised value - $465k + + +The home is in great condition and I'm in a super HOT market right now but I got a great deal since the sellers were looking to sell within a day. I'm thinking about putting in an additional $10k in upgrades (i.e. wooden flooring) to bump up the value of the home. Also, another similar home nearby just sold for $520k and closed yesterday. + + +Based on my understanding of things (which could be potentially wrong), getting the house re-appraised in the next 6 months should fetch a value of $500k+ so it could make sense to get a cash-out refinance and be able to pull out some of my down-payment for use towards another property. + + +That being said, during the re-appraisal process, would the appraiser just look at nearby comps, market conditions and the current condition of the home while determining it's current value (which could lead to a $500k+ value of the home) or would they just look at how much I paid 6 months ago and add my $10k worth of upgrades for a $450k appraisal value? + + +Based on this, I can decide whether a cash-out refinance would make sense in 6 months or not and that will help me decide how I should structure the terms of my current conventional mortgage i.e. buy down points for a lower interest rate or get a worse rate with some lender rebate since I will be refinancing soon. + + +Thanks so much for much for any help on this! +I have invested in single-family rentals on the side since 2006. I’ve focused more on building equity than on cash flow. I now have a significant amount of equity (>$1M, plus I’m in a LCOL area), though not much cash flow. I am strongly considering transitioning out of single-family and into multifamily. For those of you who have made the transition from single- to multi-, how did you do it? Did you go at it alone, and just figure it out? Did you tag along on a deal that was set up by someone more experienced? If so, where did you find the people to partner with? How did you vet them? + +In single family, I have not found agents/brokers to be particularly useful, so I haven’t used them. (No offense if you’re an agent or a broker.) But I’m curious to know -- how similar is the role that an agent/broker would play in multifamily compared to single-family? Are there functions that an agent/broker would fill in the multifamily space over and above what they would in the single family space? +I've had a renter since Nov 2020, you can imagine that since then the increase an costs have been real, pool cleaning cost rise and my property taxes have me making maybe 50$ a month in profit after its all said and done and I raised the rent $50 Jan 2022. + +The good; he's a traveling construction PM who lives alone and is in the house maybe 50% of the year. The house is in the exact same shape I left it almost 2 years go. + +The bad; obviously I need to raise the rent. I think by at least $150 to get up to market rent+buffer for myself. + +Should I just hit him with the $150 incrase Jan of 2023 or keep creeping up to it. + +Thanks. +Hey guys, I got a lot of excellent feedback in my last [post](https://www.reddit.com/r/realestateinvesting/comments/fvh0hk/the_worst_thing_that_could_have_happened_just/). At that time the fire had JUST happened and I was freaking the fuck out. I had no idea what to do and I couldn't even think straight. This past week has been incredibly stressful but I've learned so much and have made a lot of progress. I have some time to give you my backstory. + +My dad has been investing in properties for the past 20 years or so and now has a portfolio of 16 properties with 20 doors. 4 years ago he had a stroke. He's been slower and has less energy now. He was disorganized before, but had kept it together. He had slowly been letting things get worse and worse. + +At the beginning of 2019 I stepped in. We owed about 40k in property taxes, 30k in water bills, and 8-9 vacants. I moved to Baltimore and tried to get things rolling. I feel like I haven't made as much progress as I should have. There was a lot of false starts and getting locked in analysis paralysis. I work a full-time job as a software developer. I've also gotten married and bought a house since then. I think I'm starting to get the hang of it and things are speeding up. + + + +Things I've implemented to make my life easier: + +- Using Cozy for collecting rent, it's meh +- Using AirTable for property inspections, licenses, expenses, projects, tasks +- Water bill web scraper +- Autoresponding to Zillow rental requests with prescreening questionnaire + +And then the fire happened and threw me into the REI ring before I was ready. The original gameplan was to start figuring out how to do REAL REI after I fill all the vacant properties. We were just slumlording it. The fire had kicked my ass into high gear. I've been making calls, building relationships and just getting shit done. Here's what I currently have in motion: + +- Working with insurance agent to get all occupied properties insured +- Working with a credit union to line up HELOCs or cash out refi's on +- Found a general contractor who is going to start demolition this week +- Took pictures and listed 4 of our vacants +- Draftsman is designing a new layout for the top two properties + +Now I feel like I'm doing what I came to Baltimore to do. I've figured out that we can leverage all the properties my dad owns outright to finance rebuilding the burnt property. The first floor of the property is salvageable. We are rebuilding the top two floors and going to make it real nice. He was making $1200 in rent from both apartments. Once it's complete we can charge 1200 each! Once that is rebuilt, I'm going to do a cash-out refi to build another one of our properties that is in a good location, 6 blocks away from Johns Hopkins Hospital. My dad bought it for 10k 15 years ago, and now a property across the street sold for 205k!!! This may be exactly what our family needed to get things in order. I'm more excited about REI now than I was before. +Howdy /r/realestateinvesting, + +&#x200B; + +I am looking into purchasing a handful of Airbnbs. I have a subscription to AirDNA and am skimming listing in various states. I am looking for upscale vacation homes across America. I will not manage the properties myself. + +&#x200B; + +I don't know many people with experience in this, and most that do generally have one property that they live close to. This is not what I am trying to accomplish. I'd like to have several properties and have a management company handle the day-to-day operations of each property. + +&#x200B; + +In my brief research, I have encountered several risk areas and expenses, such as zoning laws, STR taxes, insurance, HOA fees, state/local policy on STRs, etc. + +&#x200B; + +I intend to consult with a CPA and lawyer in each state I purchase an AirBnb in. However, from a broader standpoint- I have a few questions regarding this "business". + +&#x200B; + +* Is the data from AirDNA generally correct (give or take 2-3%)? +* What is the general management fee for **one** AirBnb in a certain location? Location's like Miami, New Orleans, etc.? +* I am going to have my properties inspected prior to purchase. I'm assuming this is typical and encouraged? +* How do banks generally handle loans and refis on Airbnbs? +* What are other areas of risk I have not listed? Tenet risk, weather, etc.? +* Is Airbnb generally more Tenet friendly or LL friendly? +* Is there value in international properties, specifically in the Caribbean? +* What are some good resources for learning more on purchasing Airbnbs? +* What are some common misconceptions about Airbnb? +* What am I not including / asking about that I should be? +* Is there a mega-thread or wiki for this? I couldn't find one. + +&#x200B; + +Thanks, + +&#x200B; + +/u/LithiumTomato +So the old adage is that the monthly rental rate should be roughly 1% of the cost of the property. So a $150,000 dollar house should rent for $1,500 a month. That seems to be an extreme rarity in today's market. See https://smartasset.com/mortgage/price-to-rent-ratio-in-us-cities as a source. The only area that would meet this standard is the last city on the list, Detroit, Michigan. How do any investors make any money in the top 20 cities on that list? The price of the properties vs the average rental rate seems incredibly imbalanced. Even looking at 'rougher' parts of Jersey City this rule cannot be met. Is this just not the time to get into real estate investing? +I’ve been applying to everything that comes up and have gotten only one phone call and that was from a branch that I didn’t even want. I almost accepted until I realized it was 7.50 a hour and over 45 minutes away. Gas is way too much for me to even make anything at that rate. + +My gas tank used to be 20$ + +Now it’s 40-50$ a week + +I am frustrated 😫 + +Well…thanks for tuning into my ted talk. Gonna cash out some surveys and get a drink and sulk 😪 +About three times a week, I open robinhood to see all of my stocks in the red. In addition the only article on my app blames the inverted yield curve. + +Fuck you inverted yield curve. I don’t know who or what you are but fuck you. At least I may be able to snag some cheap spy calls today though. + + +EDIT: Turns out the Inverted yield curve actually came through for me and my Macy’s calls today. Special shout to the big man himself. +Based on pre-IPO trading on prediction markets and FTX, Coinbase's implied IPO market capitalization is $64 billion. + +This would place it in the Top 200 U.S. traded [stocks by market cap](https://assetdash.com/) in the same range as: + +* Square 93B +* Goldman Sachs $91B +* Truist Financial $64B +* CME $64B + +Are you buying at this valuation? +What would theoretically happen to the prices of everything else like food, homes, clothes, etc if btc 20x from current prices and is 1 million dollars per coin? +While many may argue that value investing doesn't make sense anymore, a lot of the rules and investment principles from Warren Buffett and Benjamin Graham stand the test of time, especially when you apply current nuance to their original investment rules (which are now close to a century-old)... + +**Disclaimer:** The views below represent the opinions of the OP and are supported by research from Benjamin Graham's Security Analysis from 1934 and The Intelligent Investor from 1949, along with Google and Yahoo Finance and public statements from Warren Buffett and Benjamin Graham. These investment principles do not constitute investment advice, but rather are general principles one might employ in reaching his or her overall financial goals. *All* investing bears risk, including possible loss of capital. + +**#1 Create a healthy balance in your portfolio between risky and less risky investments** + +*“Furthermore, a truly conservative investor will be satisfied with the gains shown on half his portfolio in a rising market, while in a severe decline he may derive much solace from reflecting how much better off he is than many of his more venturesome friends.” – quote from Benjamin Graham* + +A conservative investor may have 50% of his or her portfolio in risky assets like stocks and real estate and 50% in less risky investments like US treasury bonds (which you can buy either directly from the US Treasury or through ETFs like Charles Schwab Short Term Treasuries ETF (Ticker: SCHO) as well as through investments in gold (SPDR Gold Trust (Ticker: GLD)) which tends to be a good portfolio hedge against volatile markets and inflation (at least historically). + +Benjamin Graham’s formula for calculating the percentage of assets that should be in risky vs. less-risky investments is to subtract your age from 100 and invest that percentage of your assets in risky investments (like stocks), with the rest in relatively safer assets like cash and gold. For instance, if you are 35 years old, you might invest 65% of your investible assets (not including savings) into risky assets like stocks and 35% of your investible assets in less volatile assets like cash (USD/euro or another stable currency) and gold. A 70-year-old, on the other hand, would only invest 30% (rather than 65%) of his or her assets in risky investments (like stocks) and the balance in more stable assets like cash (again, assuming the cash is in US dollar, euros or another relatively stable “low” inflation currency.) + +Benjamin Graham formula for proper investment portfolio balance: + +100 – your age = risky assets (such as stocks), with the balance in less risky assets + +Of note, most of us might categorize real estate investments as safe investments (which may be the case relative to stocks). That said, as Benjamin Graham reminded us over half a century before the 2007-2008 Great Recession, *“Unfortunately, real-estate values are also subject to wide fluctuations; serious errors can be made in location, price paid, etc.”* With most financial assets being highly correlated these days due to the high interconnectivity of markets and economies, there are few truly uncorrelated and riskless assets. Real estate prices are as high as ever in 2021 thanks to over a decade of easy monetary policy, along with a dwindling inventory of available homes for sale in the US. + +**#2 Have an emergency fund** + +*“The unexpected can strike anyone, at any age. Everyone must keep some assets in the riskless haven of cash.” Quote from Benjamin Graham* + +We never know when emergencies may strike. We might be fired. Our division at work might be cut. Our spouse or child may experience a significant setback. The 2020 Year from Hell and Covid-19 should remind the world and each of us that disaster can strike at a moment’s notice. We must be prepared for these uncertainties. While volunteering at Vanderbilt University Medical Center (VUMC), a patient once inadvertently taught the author of this piece, Henry Gindt, to “always expect the unexpected.” This particular patient happened to be in the hospital following a heart attack…in his mid-40s…as a marathon runner. (As a side-note, some of the best life lessons and principles can be learned through volunteering. If 2020 taught us anything, it might be that there are plenty of our fellow men and women out there who could use a helping hand. Find a great volunteer opportunity near me.) “Emergencies” happen all the time in life. Oftentimes these emergencies spill over into the financial side of the house. Vanguard Investments suggests as a rule of thumb to maintain at least 3-6 months of income in such an emergency fund in order to cover things like food, mortgage payments/rent, credit card bills, and ongoing health insurance or COBRA in the event of a lost job. This emergency fund should not be invested except in low-risk securities like US Treasuries. + +**#3 Choose ETFs over individual stocks** + +*“There are two ways to be an intelligent investor: by continually researching, selecting, and monitoring a dynamic mix of stocks, bonds, or mutual funds; or by creating a permanent portfolio that runs on autopilot and requires no further effort (but generates very little excitement).” Quote from Benjamin Graham* + +Broad market ETFs can curb our emotional impulses to buy and sell to some degree as these broad market index funds are less volatile than most any single individual security. The framework around how we might build an optimal portfolio might be to create balance in your portfolio by 1) conducting ongoing and rigorous homework analyzing stocks (“active investor”) or by selecting a few ETFs and dollar-cost-averaging your investments into these funds over time (see points below). In the Intelligent Investor’s prologue, Warren Buffett reminds us that “What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” + +Step 1 might be to determine a fixed split between risky and less risky assets as part of your investment portfolio (perhaps using Graham’s formula above based on your age). + +Step 2 might then be to select a few US and world market ETFs. + +This approach might be thought of as setting your portfolio on autopilot as Graham suggests. Some example ETFs offering broad market exposure to US markets include ETFs under the tickers SPY (S&P 500), QQQ (Nasdaq) and DIA (Dow Jones). You can also gain exposure to global markets and global economic growth through even broader market ETFs and mutual funds from Vanguard (ticker VTI), Charles Schwab (ticker SWTSX), and Fidelity (ticker FZROX). These ETFs can be purchased through whichever financial app you use: You Invest (JPMorgan), Fidelity, E\*TRADE, TD Ameritrade, Charles Schwab, Ally Invest, or any other. + +This simple framework may likely do the trick in meeting your financial goals (as well as outperforming any active portfolio management you might pursue). See also how the KISS principle might relate to other areas of your life. + +**#4 If you insist on owning individual stocks (active investor) vs. ETFs (passive investor), create a well-balanced and diversified portfolio** + +*“Graham’s guideline of owning between 10 and 30 stocks remains a good starting point for investors who want to pick their own stocks, but you must make sure that you are not overexposed to one industry.” Quote from Jason Zweig* + +If you insist on picking your own stocks vs. using a basket of stocks through ETFs, try to have between 10-30 stocks to get the benefit of good diversification and do not choose all of these stocks from the same industry. A well-balanced portfolio means selecting at least 10 stocks from at least 3 or 4 different industries, according to Graham. For instance, you might balance some investments in high-growth technology sectors with conservative non-cyclical companies that likely pay dividends and have stable growth such as the best healthcare and insurance companies (what some think of as “boring” companies). Experts disagree on how many stocks you must own to have a well-diversified portfolio, but the benefits of diversification tend to experience diminishing marginal benefit as you go over 30 stocks. Additionally, your life becomes increasingly complicated if you are actively managing 30+ stocks. Hedge fund professionals spend 100% of their work time focused on tracking their investments. Do you have time to dedicate 40-60 hours+/ week on researching and monitoring your portfolio? If so, and for advanced investors, including hedge fund traders, you might read Benjamin Graham’s textbook Security Analysis. It is quite amazing how few professional investors on Wall Street and elsewhere have ever read Security Analysis. Graham reminds us that: + +*There is a close logical connection between the concept of a safety margin and the principle of diversification. One is correlative with the other. Even with a margin in the investor’s favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss—not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses. That is the simple basis of the insurance-underwriting business.* + +**#5 Don’t overpay for stocks (or real-estate investments, cryptocurrency or any other investment)** + +*“The investor should impose some limit on the price he will pay for an issue in relation to its average earnings over, say, the past seven years. We suggest that this limit be set at 25 times such average earnings, and not more than 20 times those of the last twelve-month period.” Quote from Benjamin Graham* + +Don’t overpay for stocks just because momentum is good for the moment. In fact, Graham suggested paying an average P/E multiple of 12-13 across an intelligent investor’s portfolio with a maximum P/E of 15 for any individual security. While these P/E ratios are likely overly conservative and represent outdated valuation rules of thumb in the era of pre-rapid technology innovation/adoption and hyper-globalization, one shouldn’t simply ignore a company’s current and future earnings prospects in assigning a value. Benjamin Graham reminds us that “the time everyone decides that a given industry is ‘obviously’ the best one to invest in, the prices of its stocks \[or other assets\] have been bid up so high that its future returns have nowhere to go but down.” (See points below on analyzing company fundamentals including both value and growth). If you are investing in some of the latest technology stocks or household name companies like Tesla, Uber, AirBNB, Poshmark, etc., you might notice that the P/E multiple is either non-existent or extremely high. This is because the company is not yet earning much (or any) profit. Instead, the market is valuing the company based on its growth profile which, over time, assuming all goes according to plan, will turn into healthy earnings and profit. However, the second the growth assumptions are tweaked by equity research analysts on Wall St. (or a string of bad news hits the company, its industry or the market overall), the initial rosy valuation assumptions of these high-growth/loss-making companies will swiftly be revised downwards, leading to an almost immediate or rapid decline in value. The collapse in value of your securities and investments will be at least twice as painful as the pleasure from the ride up, according to world-renown psychologists Daniel Kahneman and Amos Tversky. Importantly, never forget that the rosy growth assumptions under which are investing today may experience a sharp reversal when you have ceased actively monitoring these investments months or years later. Even if you choose to become an active investor (rather than a passive investor primarily invested in ETFs), by the time the bad news hits, the damage will already be done due to the rapid price movements following breaking news. + +Graham and many other notable investors like Warren Buffett and Seth Klarman, billionaire and founder of the investment firm Baupost Group, often speak of creating “margin of safety” when making investments by buying significantly below a company’s intrinsic value. This built-in “pricing buffer” creates some wiggle room and margin for when things don’t work out as planned, as they inevitably do in both financial markets and life more generally. Graham tells us that “If the purchases are made at the average level of the market over a span of years, the prices paid should carry with them assurance of an adequate margin of safety. The danger to investors lies in concentrating their purchases in the upper levels of the market, or in buying nonrepresentative common stocks that carry more than average risk of diminished earning power.” In other words, Graham himself speaks to the value of dollar-cost-averaging, where the intelligent investor is consistently buying over time, during good times, as well as during bad times. + +The Acorns investment app is an interesting app that can help smooth the average “buy-in price” to avoid concentrating investments when markets are hot and selling when markets are depressed by trickling in investments consistently every day/week/month without any active engagement…over decades. This “dollar-cost-averaging” approach is likely a much better approach for most all of us in the long run, particularly those of us with a few decades to go until retirement. Consider using investment apps like Acorns or talk to your investment advisor about dollar-cost averaging your investments each week or month. **This is NOT a plug for Acorns specifically - only for the importance of dollar-cost-averaging. If you'd like to help the OP develop a competitor to Acorns, I'm all in.** + +**#6 Focus on the “fundamentals” (earnings and growth) assuming you choose to be an active investor as opposed to a passive investor** + +*“Experience has shown that in most cases safety resides in the earning power, and if this is deficient the assets lose most of their reputed value.” Benjamin Graham* + +Companies like Amazon, Google and Apple are now worth over $1 trillion each as their earnings power is so solid and market dominance so secure (for now). In the case of Google, for example, the company prints billions of dollars annually from Google Ads alone. When selecting individual stocks, focus on the earnings power and repeatability of those earnings in a normal year (“normalized earnings”). Also, pay close attention to the company’s growth prospects. Growth is a much more important factor in the 2020s due to the current pace of globalization compared with Benjamin Graham’s era where markets weren’t as interconnected and the United States market offered nearly all the great investment opportunities in his day. + +Graham’s formula for selecting growth-oriented companies (as opposed to value-oriented companies below) is Value = Current (Normal) Earnings × (8.5 plus twice the expected annual growth rate), where the annual growth rate can reasonably be expected from the company for at least 7 to 10 years. This formula might be revised to reflect current growth and technology assumptions. However, having some sort of investment formula (which perhaps you develop) as a guide might come in handy as much today as it did in 1949. If you can hold yourself to this investment formula, you might avoid serious mistakes. You might also stress test each of your stock investment ideas (or investment formula) with 2-3 trusted advisers to gain an “outside view.” + +For more value-oriented investments, Graham lists 7 key requirements: + +1. Adequate size +2. Sufficiently strong financial condition +3. Continued dividends for at least the past 20 years +4. No earnings deficit in the past ten years +5. Ten-year growth of at least one-third in per-share earnings +6. Price of stock no more than 1½ times net asset value +7. Price no more than 15 times average earnings of the past three years. +8. In developing your own formula for investing in today’s markets, you might take some example key requirements above and revise them to fit your investment strategy. + +**#7 Have patience. (This is hard. Very hard. Extremely hard.)** + +*“A defensive investor runs—and wins—the race by sitting still. Patience is the fund investor’s single most powerful ally.” Quote from Benjamin Graham.* + +When markets are panicking and you don’t know what to do, do nothing. Panicking only makes matters worse as you try to sell or make other rash decisions. The Intelligent Investor is patient and knows that the best investment holding period is forever, followed by a lifetime, followed by 30 years, followed by 10 years, followed by 3-5 years, followed by at least 1 year in order to reap the capital gains tax benefits (see point below on optimizing taxes). Benjamin Graham reminds us that *“In the financial markets, the worse the future looks, the better it usually turns out to be.”* + +**#8 Set rules for when to sell** + +*“Reversals \[of fortune\] will have more meaning for the active than for the passive investor. But they suggest that even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonably priced.” Quote from Benjamin Graham* + +*It may be assumed that a stern and uniform policy of selling at 25% or 30% profit will work out best as applied to many holdings.” Quotes from Benjamin Graham* + +Set rules for when to sell such as after a certain time period has elapsed (say 2-5 years) or profit goal or loss limit has been reached. Instituting rules such as selling all securities at a 30%/50%/100%/3x etc. profit (or at a 10%/30% loss to cap losses) can take some of the emotion out of investing. Make sure whatever specific goal you set when making the investment in a stock(s) or other security aligns with your long-term financial goals. Setting rules on the front-end that align well with your overall long-term financial goals should include setting rules for both downside scenarios and upside scenarios. The best financial and investment apps are pretty good about making it easy to set “stop losses” or sell at a predetermined profit level. We might also be reminded by Benjamin Graham’s most famous student, Warren Buffett, about the two key rules of avoiding loss of principal so that you can stay in the game: #1 Don’t lose money and #2 See rule #1. + +Some of the best online trading apps and investment apps include Fidelity, E\*TRADE, TD Ameritrade, You Invest (JPMorgan), Charles Schwab and Ally Invest. If you don’t have time to do the arduous and consistent research required on the 10-30 stocks in your balanced investment portfolio, a better approach is to use the Acorns app which automates your investments into the most well-known and diversified ETFs from Vanguard. **If you'd like to help the OP develop a competitor to Acorns, I'm all in.** + +**#9 Don’t chase the latest shining star** + +*“What you don’t do is as important to your success as what you do. The lesson is clear: Don’t just do something, stand there. It’s time for everyone to acknowledge that the term ‘long-term investor’ is redundant. A long-term investor is the only kind of investor there is. Someone who can’t hold on to stocks for more than a few months at a time is doomed to end up not as a victor but as a victim.” Quote from Benjamin Graham* + +Don’t jump on the latest stock or other “hot” investment bandwagon. If the stock is front-page news all over the world and is skyrocketing, it is 9 times out of 10 too late to get onboard for profit. Momentum plays a big role in stock prices in the short term, but over the long run, a company is valued on its earnings and growth trajectory. Oftentimes, technology companies receive such a lofty valuation based on future growth expectations, such as Tesla’s historic rise in 2020. If growth does not end up meeting these expectations, you can expect a company’s publicly traded valuation to decline as quickly as it rose. + +**#10 Ignore “the charts”** + +*“If you look at a large quantity of data long enough, a huge number of patterns will emerge—if only by chance.” Quote from Benjamin Graham* + +The only metrics you should be focused on are the fundamentals of the company (earning and growth). Many investors these days are fixated on “the charts” such as various moving averages. These are all non-sense. These charts are simply reflections of the latest emotion of an entire market consisting of billions of people reacting to the latest positive or negative news. Ignore these human emotions masquerading as indicators and charts. They will not serve you well in the end. Benjamin Graham refers frequently to the stock market as the emotional and moody “Mr. Market,” which is subject to the daily whims and emotions of…the people trading the stocks on the market. Are there market dislocations and can some investors make money by spotting those temporary market anomalies and market dislocations? Sure. Can they do so repeatedly and consistently over time such that they beat the overall stock market? Many experts think not. In fact, Barrons’ research showed that hedge funds only beat the market by an average of 1.5% annually over the past 20 years. After subtracting the 2% annual fees these investment managers charge the pensions and endowments which are their own investors, they lose money. Think you can beat the average hedge fund manager? Statistically, it’s possible. For a while. Until you don’t. See later points on automating portions (or a substantial amount) of your investments. As humans, we all like crunching data and seeking out patterns. It’s usually not wise in the realm of public markets investing. + +**#11 Look for large undervalued companies** + +*"The market is fond of making mountains out of molehills. If we assume that it is the habit of the market to overvalue common stocks which have been showing excellent growth or are glamorous for some other reason, it is logical to expect that it will undervalue—relatively, at least—companies that are out of favor because of unsatisfactory developments of a temporary nature." - Quote from Benjamin Graham.* + +Hunt for true bargains. Graham defines a true bargain as a company that is currently trading at a 50% or more discount from its inherent/intrinsic value. For instance, Facebook was a good example of an interesting investment opportunity for growth at a reasonable price (GARP) during the major market crash in 2020 and when the company made global headlines for it’s privacy issues. See the referenced two major dips on Google Finance here. The global food giant Wal-Mart provides another good example of a value-oriented investment with a healthy long-term dividend. Wal-Mart was trading in the low $80s/ share in 2018 when Amazon was soaring. Check Wal-Mart today. As conventional wisdom goes, markets tend to overcorrect during negative news cycles and overbuy/overpay when the sky is blue, the sun is out and wind behind the sails is plentiful. + +**#12 Expect market volatility (and have nerves of steel during this time)** + +*“In any case the investor may as well resign himself in advance to the probability rather than the mere possibility that most of his holdings will advance, say, 50% or more from their low point and decline the equivalent one-third or more from their high point at various periods in the next five years.* + +*In the end, how your investments behave is much less important than how you behave.” Quotes from Benjamin Graham* + +Manage your emotions. If you can’t (like most all of us), read the following two points on micromanaging investments and market volatility. Re-read them. Then, re-read them again. Jason Zweig points to the work of world-renown psychologists Daniel Kahneman and Amos Tversky, whose studies have shown that we experience negative emotions and pain from loss twice as intensely as we experience joy and pleasure from gain. This “loss aversion” principle applies not only to financial markets but to many aspects of life. You might check out Daniel Kahneman’s bestseller Thinking Fast and Slow to dig deeper into these psychological forces that influence how we react and behave every day. Markets will inevitably decline, sometimes by as much as 50% or more. Remain focused on the long-run by having nerves of steel. Remember the 2007-2008 Great Recession and the 2020 Covid-19 Global Pandemic and analyze those stock market dips in the context of current market prices. Graham reminds us that: + +*For indeed, the investor’s chief problem—and even his worst enemy—is likely to be himself. (“The fault, dear \[investor/Brutus\], is not in our stars—\[and not in our stocks\]—but in ourselves….” – William Shakespeare). We have seen much more money made and kept by “ordinary people” who were temperamentally well suited for the investment process than by those who lacked this quality, even though they had an extensive knowledge of finance, accounting, and stock-market lore.* + +**#13 Do not micromanage your investments** + +*“It is for these reasons of human nature, even more than by calculation of financial gain or loss, that we favor some kind of mechanical method for varying the proportion of bonds (less risky) to stocks (more risky) in the investor’s portfolio.”- Quote from Benjamin Graham.* + +Avoiding micromanaging of investments ties into the point above on keeping emotions in check. You might focus on rebalancing your portfolio between risky and less risky assets 1-2 times/ year rather than choosing new stocks endlessly throughout the year. Graham proposes a rule of thumb for maintaining a split in your portfolio of 100 – your age in risky assets (like stocks) and the balance in less risky assets like treasuries, cash and gold. Spending your time balancing and rebalancing your investment portfolio 1-2 times a year, for instance, is likely far better than readjusting your portfolio daily or weekly, which is a common investment mistake made by the best of us and is largely based on human emotion and current market news and headlines rather than based on sound financial analysis. + +Don’t overreact to the headlines. Everyone sees the headline and sells or buys depending on whether the headline was positive or negative. Challenge yourself to take a strong mental note (or better yet keep a log of your notes) and consider the particular headline in light of all the other news and headlines the next time you rebalance your portfolio (at most 1-2x/ year). Ben Graham reminds us that *“most businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse. The investor need not watch his companies’ performance like a hawk; but he should give it a good, hard look from time to time. Basically, price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.”* In other words, you might take a contrarian approach when looking for interesting market dislocations. + +**#14 Automate. Automate. Automate.** + +*“It is for these reasons of human nature, even more than by calculation of financial gain or loss, that we favor some kind of mechanical method for varying the proportion of bonds to stocks in the investor’s portfolio.” Quote from Benjamin Graham* + +*“If your investment horizon is long—at least 25 or 30 years—there is only one sensible approach: Buy every month, automatically, and whenever else you can spare some money.” Quote from Jason Zweig.* + +Choose a financial investment app like Acorns to mechanize and automate the process of investing. If you are starting out investing in your 20s or 30s, you will have plenty of decades for the markets to work for you. You might trickle in however much you can afford in order to make these investments consistently. The beauty of Acorns is you can set up a recurring investment (of say $100 per week) without having to actively remember to invest daily/weekly/monthly. A unique feature of Acorns is that you can link your credit cards so that for every purchase you make, the “purchase amount” is rounded up to the next dollar and instantaneously invested in a broad set of index funds. Further, you can decide whether the funds are invested in broad index funds falling into a conservative, moderate, or aggressive approach, depending on your age and financial goals. Benjamin Graham explains the concept of “dollar-cost-averaging” (the approach used by the financial investment app Acorns), in the following way\*\*:\*\* + +*“The third is the device of “dollar-cost averaging,” which means simply that the practitioner invests in common stocks the same number of dollars each month or each quarter. In this way he buys more shares when the market is low than when it is high, and he is likely to end up with a satisfactory overall price for all his holdings.”* + +*You might also consider using a personal financial app like Mint from Intuit or Plaid to manage your overall financial goals, which offer tools and features like a personal budget planner, credit monitoring, and “track my spending.”* + +**#15 Never forget the reason for investing in the first place** + +*“After all, the whole point of investing is not to earn more money than average, but to earn enough money to meet your own needs.” Quote from Jason Zweig.* + +Many investors focus on either getting rich or making more money than their peers or simply beating the stock market averages. These investors tend to lose sight of the overall purpose of investing. Focus on your unique goals for investing as it relates to your unique financial situation. Are you trying to meet your and your family’s financial needs for this month or this year? Are you on the verge of retirement? Are you in the prime of your career? Each person’s financial situation is unique because the timing of our financial needs depends on our situation. However, all of us might benefit from reminding ourselves why we invest in the first place. Separate from investing, it’s also worth considering how much of our time we’re willing to trade in order to earn money, oftentimes to buy things we don’t need to impress people we don’t care about impressing in the first place. Time is the most valuable asset for anyone. Invest as much as you can in yourself through ongoing education, learning, and spending time with friends and family. In terms of your financial goals, specifically, see the point above on finding and using one of the best personal finance apps like Mint or Plaid. + +**#16 Understand the definition of the phrase “long-term” investments (as well as long-term financial goals)** + +*“Psychologists have shown that humans have an inborn tendency to believe that the long run can be predicted from even a short series of outcomes.” Quote from Benjamin Graham* + +Try to think about the “long-run” in blocks of 10/20/30/50 years from now, depending on your age. The two most glaring examples of “short-term” market disruptions in the context of true “long-term” investments or “long-term” personal or financial goals might be the 2007-2008 Great Recession or the 2020 Covid-19 Global Pandemic (see also WHO). While both crises were undoubtedly severe during the time, markets typically recover within a decade or less. Why is this? If you consider that “the stock market” is simply a marketplace for buying and selling ownership interests in companies and that you can own a small sliver of the US or world economy through broad market ETFs, it might not be surprising that over time there will be growth. The aggregate of companies nearly always grows over time because the global population of people is growing and collectively building and creating new cities, companies, patents, inventions, ideas, etc. Companies routinely collapse and fall out of the various stock market indices while other companies soar. Some recent examples include Tesla being incorporated into the S&P 500 in 2020 on the one hand while GE was delisted from the S&P 500 in 2018 as the last of the original members of the exchange and replaced by Walgreens on the other hand. Walgreens itself may ultimately fall (or be diminished) due to competition from Amazon, which is rolling out a healthcare platform of its own with online pharmacy delivery following the acquisition of PillPack.) You might track how some of the best consumer startups from 2021 or social media 3.0 startups are doing in the year 2030. Some of these companies may appear on the Nasdaq and be household names. Others might be totally forgotten. These concrete examples of market forces represent the most authoritative definition of American capitalism or American innovation. One of Henry Gindt’s colleagues characterized the United States as the largest business incubator the world has ever known. + +You can gain exposure to this collective economic growth in the United States through broad market ETFs like SPY (S&P 500), QQQ (Nasdaq) or DIA (Dow Jones). You can also gain exposure to global economic growth through even broader market ETFs and mutual funds from Vanguard (ticker VTI), Charles Schwab (ticker SWTSX), and Fidelity (ticker FZROX) which all track the collective global stock market and have close to zero fees. Benjamin Graham tells us that “the intelligent investor has no interest in being temporarily right.” + +**#17 Tax optimize by holding investments for at least one year to reap benefits of the lower capital gains tax rate** + +"*Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes." – Quote from Benjamin Franklin in 1789* + +The long-term capital gains tax rate for 2020-2021 is 15% for most single tax filers, but is 0% if annual income is below $80,000 and 20% if annual income is over $441,450. See the IRS page on capital gains for more detail. Aside from incurring high transaction costs from daily (or otherwise frequent) stock trading, when you sell an investment prior to holding that investment for at least one year, your profit will be subject to your typical income tax rate rather than the lower capital gains tax rates above. + +**Disclaimer:** The views above represent the opinions of the OP and are supported by research from Benjamin Graham's Security Analysis from 1934 and The Intelligent Investor from 1949, along with Google and Yahoo Finance and public statements from Warren Buffett and Benjamin Graham. These investment principles do not constitute investment advice, but rather are general principles one might employ in reaching his or her overall financial goals. *All* investing bears risk, including possible loss of capital. +I'm planning on purchasing a house next year (probably around summer time). I usually don't keep much cash in my savings. I usually invest my money as soon as I receive it, but because I'm purchasing within a year, I haven't done that. + +I'll have the downpayment ready in the next few months, but I also don't really want to have it sitting in my bank. Stocks are cheap right now, so I'm pretty tempted to buy with my downpayment money, but if the market crashes further in the next year, then that would probably delay me from purchasing a house, so I'm wondering what other options I should explore in my position? +This ETF gets so much love, and I've got six figures worth of it. I bought it on May 12 of this year, just about two months ago, and it's been nothing but flat or down for the entire two months. Looking at the charts, it's clear that it has had a killer growth run for at least a year, seemingly to cross the finish line winded, out of gas, in May. + +I'm an experienced investor (54M) so I understand and plan to play the long game. But it does give me pause, and I wonder why nobody seems to be talking about SCHD's apparent "intermission" from performance. Any thoughts on this? +Hey everyone! Just wanted some input on what y’all think of my dividend stock portfolio. Or maybe a starting point for some companies to possibly look at for your own. I know 60 is just about double the recommended amount for any portfolio, but I’m personally comfortable with it and quite enjoy putting the time to look into each individual company. + +Overall, I managed to adjust the allocation enough that I get an average 3% yield and 9% dividend growth rate (according to Simply Safe Dividends), but diversified across all 11 sectors (and industries in those sectors) with no stock taking up more than 3.5% of the overall value. If you’re curious about the allocations for individual stocks, let me know! + +Consumer Staples (18%)- PEP, TSN, MO, PG, WBA, KMB, KR, KO + +Health Care (16%)- ABBV, UNH, JNJ, PFE, GILD, MDT, CAH + +Technology (15%)- TXN, AVGO, GLW, AAPL, MSFT, IBM, CSCO, ORCL + +Real Estate (12%)- AMT, CTRE, CUBE, O, STAG, WPC, IRM, IIPR + +Financial (12%)- JPM, GS, ALL, PRU, MAIN + +Consumer Discretionary (9%)- HD, LOW, MCD, TGT, SBUX + +Communication Services (5%)- VZ, CMCSA, T, ATVI, OMC + +Industrial (5%)- MMM, CMI, LMT, UNP, WM + +Materials (3%)- APD, CE, SHW, RIO + +Utilities (3%)- DUK, NEE, AWK + +Energy (2%)- XOM, ENB +Hi guys, + +Do you think JEPI and DIVO is good combination for income and growth? + +Lots of people investing in covered calls ETFs, but I don't like these because there is not long term capital growth. +JEPI is an actively managed ETF, which claims to attempt to track the returns of the S&P500 while also "providing monthly income and lower volatility". I already have SCHD, but I think some monthly dividend from JEPI would also be nice. + +However, JEPI underperforms SCHD and VOO over the long term, but that is without considering DRIP. How does JEPI hold up to VOO when adjusted for the dividends? Is there a good online calculator or graphing applet to do this? + +Thank you for your help. +I thought it was a pretty good Yield with the Growth seeming to explode over last couple years and It’s fairly close to its ATH. Was curious what others thought, potential downsides or any other information. I currently mostly have SCHD / DGRO + QQQM and was looking into both ABBV and everyone’s favorite around here O. +This ETF gets so much love, and I've got six figures worth of it. I bought it on May 12 of this year, just about two months ago, and it's been nothing but flat or down for the entire two months. Looking at the charts, it's clear that it has had a killer growth run for at least a year, seemingly to cross the finish line winded, out of gas, in May. + +I'm an experienced investor (54M) so I understand and plan to play the long game. But it does give me pause, and I wonder why nobody seems to be talking about SCHD's apparent "intermission" from performance. Any thoughts on this? +I know diluting is normal for reits but that’s a lot of shares if this news is true. Also what do you guys think of NLY as a reit? I’ve owned them for a while but this is the first time I’ve ever seen news about something they’ve done that’s a big deal. +I'm buying a new house that costs 375k while selling my current home at 260k so I will need a new mortgage of 115k. My existing mortgage of 69k is yet to be paid off and Santander would prefer me to keep this rather than pay it off with the house sale and add to the balance of the new mortgage instead. + +So no matter what happens I think I'll end up with a combined mortgage dept of 184k + +The old mortgage is a straight repayment at 1.6% interest. Paying it off early will incur fees of 3k. + +Has anyone been through this before? I will have to call Santander on Monday to find out what new interest rate they will give me for the 115k on the new house. + +I suppose it would only make sense to pay off the old mortgage if the interest rate was low enough on the new mortgage to outweigh the repayment and fees on the old mortgage, would I be correct in my assumption? Is there anything I'm missing or should be asking? + +I've not done this before. Thank you. +This post is intended to be a bit of a wellness check and morale boost during these red days. + +I know many are really disappointed that we didn’t quite see 100K EOY as many so called “experts” have been predicting. And now we’re seeing a lot of red to start the new year. Which is a good reminder that stonks along with Crypto don’t always go up in a straight line. But no need to be worried if we zoom out and look at how far we have come in a 1, 2, 5 years we see a lot of reason to still be super bullish. + +Now is the time to start up the old fiat miner and be getting ready as much disposable cash as you can to start DCAing into the market if you haven’t already been. If this is truly a bear (which I am still not convinced) this is where fortunes are made. + +So don’t lose interest like many retailer investors are doing just cause we aren’t seeing crazy gains. Remember smart money is accumulating right now. So for once let’s not be dumb money and “buy high sell low” but instead be smart money and “buy low, buy lower, buy lowest, then sell high”. + +So to those still holding on and stacking sats I am proud of you and I bet your mom is too. So to all those that haven’t lost faith and still accumulating during these uncertain times let me see those beautiful hands!!! +28M, 2.2m NW. For the past 4 years I've worked for a small startup (at that time) which had IPOed this year. +Thanks to the IPO I've received about 2M worth of liquid stock, and I still have additional 4M of unvested stock options. My current income is about 250k not including the stock part. + +I'm happy at my current role and I love the company culture and my colleagues, but at the same time I keep thinking that I might be missing out on new opportunities, and maybe weighing my decision making too much on the compensation aspect (It's worth noting that this liquid 2M that I've got was about 15 times my net worth when it happened). + +Recently I started replying to emails from other startups and beginning a process with some of them, and there's one early stage startup that I might've took the leap for if not for my unvested stock, but I find it very difficult to make the decision to leave my current company, or even to seriously consider it. + +Obviously I have a lot of thinking to do about all of the other aspects, but I would really like to hear your opinion mostly about the financial aspect - Would you consider leaving a post IPO growing and successful company where you still have a lot of unvested stock, and move to to an early stage startup? I'll get a nice chunk of options there of course, but still a very big risk, as it might not be equivalent or surpass my current unvested stock value in the near future. + +I'm sorry if it's not directly related to FatFIRE, but this decision will surely affect both my short and long term FatFIRE path. + +------- + +Edit for context: +My current goal is to retire at about 45 with 10-15m NW. I don't have an exact arbitrary goal as it's still a long time from today, but that would be the rough range. + +------- + +Another edit with some more context after the comments: It's worth mentioning that it's my first job in the tech industry. So I think it plays a big part in my current state of mind. +I would probably feel much more lucky / grateful about my current place if I would have reached this point after a couple of failures. +Hi All, + +I'm thinking of buying a property in London but could use some crowd wisdom to test my assumptions. There is a lot of talk about deposits and stamp duty online but many people seem to overlook the other fees associated with buying. I'd like to run my assumptions by you as I am a first time buyer with limited experience. + +So Looking at a 2 bedroom property worth c.£550k I estimate the costs of buying to be as follows (worst case scenario): + +* Lender’s valuation £ 500.00 +* Private valuation £ 1,000.00 +* Local Authority Searches £ 300.00 +* Mortgage fees £ 1,500.00 +* Solicitor’s fees £ 1,500.00 *0* +* Stamp duty £ 17,500.00 +* Home insurance £ 600.00 +* Moving Cost £ 500.00 + +Thats a total cost to buy of £23.4k, tak on an additional c.£10k to fully furnish a 2-3 room flat from scratch and **we are** **talking c.£33k to purchase** that will be spent upfront, **excluding deposit**. Of course one can (and should) furnish the property overtime but for argument's sake let's say I took the above approach. + +To many people this amount alone is greater than their expected deposit and to those living up north it must look totally ridiculous. + +Does this seem right even though this was a worst case scenario? + +Some sources: [moneysupermarket.com](https://www.moneysupermarket.com/mortgages/first-time-buyers/cost-of-buying-your-first-home/), [Nationwide](https://www.nationwide.co.uk/guides/news/articles/2016/05/furnishing-your-house) +It's that time of the year boiz. Post your Year-To-Date Pnl Gains, Losses and maybe reflect a bit on what you learned or lost during this year trading. + +Happy Holidays Gentlemen. + + ** As always , no photoshopped bullshit and low quality shit-posting in this thread pls. I know its difficult for some of you to resist since you have nothing better to do but please understand that not everyone here is a paper-trading faggot like yourself. +When I was researching solar panels for my home last year, I was estimating that electricity costs from the grid would increase by 3% every year. Today, I receive an email from EDF signalling a 44% increase. + +* 2021: 18.5p/kWh, £564.2 (estimate) total +* 2022: 27.63p/kWh, £812.56 (estimate) total + +Now thanks to war in Ukraine, oil has jumped massively, so I don't think we're going to be seeing a large fall in energy prices in the near future. First step obviously is to get quotes for a new tariff elsewhere, but aside from that, solar? + +For my home and electric usage, I was calculating the equivalent of 5-7% annualised return on investment over a 15-20 year period, which I didn't think was worth it vs. putting money into a FTSE tracker. This was with panels on a south-southeast facing roof, a basic battery, inverter, and switching to octopus energy for their cheap overnight tarrif (topping up the battery using that rate). + +Are costs of panels and installation still the same as 10-12 months ago? Are the batteries better or cheaper? If so it looks like a good deal now. + +Also, is it true that house sellers don't see any added value from a home solar installation? +I started tracking my net worth at age 22, when I was 3 months away from graduating from college. For a while I tracked the total amount every month, but starting halfway through 2016, I started tracking it every Monday. All of this is done manually in a Google Sheets document. + +\- This helps me track the change on a macro level. I can tell the gain / losses on such a granular level that it helps me course correct if the week's dipped, and gain encouragement if the week's been good. + +\- I can set macro goals and anticipate how much I will have by the end of a month, by a half year, by a whole year. + +\- The historical aspect is useful for analysis and future projection. + +# The Details + +In *Feb 2012,* I had **$92.91** to my name. My parents saved enough by being rather frugal people to cover most of the tuition for my college education. I worked while I was in college, but it was really only enough on a student wage to cover things like going to the movies, buying new clothes, and going to bars. When I graduated in May of 2012, I had only about $10,000.00 in student loans. I realize this is an incredible head-start for me, which I'll get into later. + +By *December 2012*, I had **$2,419.75**. I'd worked a low-paying summer job at a summer camp, making roughly $500 a week, because I didn't have a real job lined up after college -- my degree was in Film, and all my job searching in that field was a dead end. Luckily, a camp friend introduced me to his high-school classmates, who had also just graduated and were trying to kickstart their own business making apps. In 2012, app creation was still very much a burgeoning field, and I knew enough about software to be reasonably useful. I taught myself a lot as we all kind of mucked around and failed a bunch, learning through these setbacks. I gained enough while paying $400 per month in rent to save up to **$8,607.68** by *April 2013,* at which point we called the company quits and went our separate ways, amicably. + +I joined a real startup making apps as an intern that same April, and was paid roughly $1,200.00 a month as an intern. I did this for three months, ending up with a total of **$9,979.91** by the time the internship ended in *July 2013*. At this point, I was still living at home for free and commuting, with the majority of my earnings going into my student loans. + +I was hired on full time with a salary of $42,000.00 in *July 2013*. At this company, I worked about another year or so, saving up to **$37,325.48** by *November 2014*, when I left. By then I'd finished paying off my student loans, had salary bumps to $65,000.00 and $72,000.00, and had moved out, paying $875 a month for a two-bedroom apartment that I shared with a roommate. + +I left the startup in November 2014 because I got recruited by one of the big tech companies, for mind-blowing salary of $160,000.00 a year. Unfortunately, I didn't love the culture of this company and only stayed about half a year. With that huge salary bump, though, I left with **$70,301.21** in net worth by *May 2015*. + +My next gig was a great leadership opportunity and also fun, because I got to work with close friends, but it was a financial downgrade. It was a fledging startup that didn't have a 401k plan, and my salary was $100,000. While employed here until *December 2016*, I ended up with a net worth of **$38,555.03**. + +Now, that's 30k less than I started with a year and a half ago. Why? I loaned 30k to my significant other of 2 years so they could put it towards their $130,000 student loan debt. Fucking RISKY, I know! But we had been close friends for a while prior to dating, and I trusted them a great deal to pay me back. They had a high-paying job as a software engineer, and I also saw a future together. Prior to this loan, my partner had been pretty morose about their huge student loan -- their parents had really suffered from the financial crash of '08, and all the money they'd saved to help pay for college became needed to keep them afloat, leaving my partner responsible for 100% of their college tuition at an expensive but prestigious tech college. My partner felt for so long like they weren't making a dent in this tuition, and the 30k check I wrote (expecting to be paid back in full) honestly gave them the momentum they needed to really begin truly chipping away at that mountain of debt. + +At the end of 2016, my partner got recruited for a FAANG company, and we decided to both move to Silicon Valley. I too got a job offer from a few FAANG companies, and picked one, with a starting salary of $150,000 and $160,000 in RSU grants. By *Jan 2018*, I had a net worth of **$97,088.89**. We also bought a car together. + +By *Jan 2019,* I had **$210,800.33**, and as of now, *Nov 2019*, I have **$294,527.88**. My salary is currently at $180,000.00, with quarterly vesting dates and RSU renewals every half. My goal is to hit $315,000.00 by the end of 2019. The 30k loan to my partner has also been paid back in full, and their student loans are also completely paid off. + +# Just Stats + +*Feb 2012 -* **$92.91** +*Dec 2012 -* **$2,419.75** +*April 2013* \- **$8,607.68** +*July 2013* \- **$9,979.91** +*Nov 2014* \- **$37,325.48** +*May 2015* \- **$70,301.21** +*Dec 2016 -* **$38,555.03** +*Jan 2018 -* **$97,088.89** +*Jan 2019* \- **$210,800.33** +*Nov 2019 -* ***$*****294,527.88** + +# The Future + +We are saving up to buy a home, hopefully by 2021. I'd like to retire by the time I'm 45 -- so in 16 years. I'm 29 now. + +Our vice is eating the occasional expensive meal, traveling out of the country together, and shopping (though we are cutting down on that). We also have a wedding to plan, although we hope to keep that rather economical, hopefully. We aren't sure if we want to have a child, although we lean more and more towards yes on that question as we get older, which is a strange feeling. + +Would love feedback on all of this, and hopefully this is inspirational to someone. I remember being super depressed as a new college grad feeling like I'd never get a job. To be honest, being a friendly person helped me out a lot -- people were willing to vouch for me so others would take a chance on me when I was rather unexperienced, and a lot of hard work and effort to get to the upper skill levels of my field has paid off, in terms of moving from job to job. + +Thanks for reading! + +. + +Edit: Some things I forgot to mention. I want to be able to move to a low cost of living country for a bit and work remotely as a freelancer, but I have two autoimmune conditions that would make this rather impossible, because of employer-based health insurance. I also support my mother 20% financially, since she makes very little (was a stay-at-home mom when my parents were together; they separated in 2012). + +(x-posted from /r/fire) +Throwaway account. I’ve been lurking on many FI subs and have finally decided to post. + +Background: I’m 34 in a high COL city. I have stock in a private tech company, which I expect to IPO in the next 18-24 months. While I don’t work at the company any more, I assume the employee lockup will apply to me, and then I’d like to liquidate my position and rebalance across a diversified portfolio. The fair market value of my position is currently 1.2M and expect it to be somewhere between 1-2M after taxes at IPO. + +I currently make 130k +140k NW + +I know this isn’t a lot of money to many of the people in this sub, but it’s pretty significant to me, and I’d really appreciate some advice. + +Questions: + +1. Is allowing the windfall to grow over the next 20 years in the market a completely bonehead idea? I assume average returns will get me close to 10M before 60, while I continue to work knowing retirement for myself and a spouse is secured. Should I be doing something different? + +2. As a child of divorce, I’d like to protect against this downside in my current relationship and would like my GF to sign a prenup. She is not currently aware of the potential windfall, and I don’t feel the need to mention it until after we’re married. Does anyone have experience with this situation? + +3. Id like to learn more about how to prepare for this event in my life, so if anyone has personal experience about how to manage the emotions that I’m sure will come with this opportunity, please feel free to offer your thoughts. + +Thanks for reading. +My cofounder (36) and I (50) received an offer from another SaaS company in our industry to buy our product for 3x ARR cash (no earnouts, walk-away after Day 1), to be paid in in 3 yearly installments. As a brief background, we are bootstrapped with ARR is sub-$5m, growth is at 30% yoy. We respectfully said no, but decided maybe we may get a better offer if we hire an investment banker. We received recommendations from our network, but we were deemed too small for these M&A firms. We ended up hiring a small boutique firm, which may or may not be our worst decision. + +After 6 months on the market, we received 3 IOIs and 1 immediate LOI from a strategic (publicly traded SaaS co). The LOI we received was 3x ARR cash with 2x ARR earnout based on hitting sales revenue. Our advisors (former SaaS founders and Buy-Side Corp Dev folks) think the offer is too low and strategics tend to pay higher than norm. Advisors think 10x was the 2021 average, but now, it may be around 6x-8x due to upcoming recession. Therefore, we said NO. Potential acquirer is pissed since they admitted our IB disclosed to them that the lowest we were willing to get is 5x, which they *think* they are offering. To us, they are paying us 3x ARR with maybe money of 2x ARR, which we have no control over so therefore, we may never get. We are also pissed since our IB disclosed the low end of what we are expecting and acquirer is pissed because they are offering us what IB told them we would take. They said thats their final offer. + +Since we are not getting a reasonable offer plus we feel like our IB sold us out, we are highly considering walking away. + +There’s so many points of contention including calculation of net working capital, key employee retention (will be taken out of our proceeds), and no discussion of founders compensation yet. + +Unfortunately, we hired B players (M&A attorney handed us over to a junior) and the strategic is very savvy and aggressive. We know we are only sub-$5m ARR, but our advisors all say we are getting a very low offer especially from a strategic. However, we do not want to be greedy as well. + +Any input would greatly be appreciated regarding the following if we were to move forward: +-Reasonable annual compensation for founders +-Should we expect retention bonus as part of the package? +-Any referral to experienced but reasonably priced M&A attorney and tax accountant? +-Asset sale vs equity sale (we have very little assets, but we have a negative capital account. Current tax atty thinks asset sale is better). + +We are very close to pulling the plug, but want to get other people’s opinion esp. other founders and tech folks who have been in this position. +I’m fortunate to be in a position that we are exploring housing options. A super nice home in our area (VHCOL) is $1.5-2M. We can get something that works for $1M to 1.25M. For the extra $250-500k, we could get a vacation home (or just travel more every year). + +I’m curious for those who spent a little more on your primary home, do you regret it? Do you ACTUALLY have time to enjoy the property, pool, multiple rooms, lawn etc? + +In a weird way, the numbers start to feel “normalized” as a million is a lot to spend on an object but feel like we aren’t getting the “million dollar value” from the $1-1.25M houses. +[EDIT]: I’m overwhelmed by all these kind and useful responses. Second-hand I knew for clothes etc but hadn’t thought too much about prams and car seats. I think saving up a bit for nursery sounds like a good idea, and to think hard how much of our own time we will want to spend working (or not). + +Hi all, I’ve had a search around on the sub and seen people looking for advice on how to budget better with kids, but not much on what you wish you knew *before* having them. + +Would you create some kind of emergency fund for the period when you are working less (we are both self-employed)? Would you create a nursery budget/fund so that’s less of a shock? Any big outlays you hadn’t anticipated that it might have been worth thinking about? + +I just feel like we have the income and time now to prepare and it might make things less stressful if we have planned the money side a bit beforehand. Especially as we can lower or increase the amount we work as self-employed people. Then we can just focus on future baby. + +Any advice appreciated. +My wife had some blood work done with her cardiologist back in October of 2017. A few weeks ago, we received a billing statement from the hospital the cardiologist worked out of, stating a suspiciously high cost for that blood work ($7500ish), and stating that after insurance we owed \~$700 for it. + +&#x200B; + +I called my insurance to verify, and they told me to get in touch with the billing department for that facility. When I called them, I got a "This number is not in service" message. I tried checking their website, and nothing came up but two lines of black text on a white background stating information about what address to go to for medical records (curious, I checked the page source, and it's literally 17 lines of html that likely took 5 minutes in notepad to put together). I googled around a bit, and apparently the company went bankrupt in April of 2018 after being investigated for super shady billing practices. + +&#x200B; + +However, a few days ago, I received another notice from the company, still stating that we owed them, and still pointing us to the same non-working phone number and website. + +&#x200B; + +I'm trying to figure out what to do here- Any thoughts? I don't want to have this go to collections, but I also don't know if the charges are legit, or if they are, how I'd even go about paying them. A big part of me just wants to say that I've done my due diligence and ignore it, but I know there could be some serious consequences to my credit rating if I go that path. + +&#x200B; + +Thanks for taking the time to read this, and for any advice yall might have. + +&#x200B; + +**TLDR**: being billed by a now bankrupt company with no way to contact them- what should I do? +Unfortunately [portfoliovisualizer.com](http://portfoliovisualizer.com) is offering only monthly rebalancing, but I would like to test my portfolio ideas with much higher frequency of rebalancing (down to daily or hourly since I found very high correlation between frequency of rebalancing and performance along with skyrocketing Sortino ratio). Of course I can write such an algorithm myself to test, but maybe something like this is already readily available? Wouldn't want to reinvent the wheel. +In my job, I was tasked to do an event study and see how, for example, acceptance of cryptocurrency as payment affects stock volatility. I'm new to GARCH modelling. + +So I have this week long period of trading days. I've calculated realized (actual) volatility and then I've calculated the theoretical volatility based on GARCH. + +How could I test to empirically demonstrate that accepting crypto does or does not affect volatility at the 95% confidence level? + +Someone mentioned a two sample t test but I'm not sure how that would demonstrate the relationship. +Example: *"Just graduated with $50k in debt and will be starting a $60k job in 3 weeks, where do I begin?"* +----------------------- + + +With the Spring semester ending and the promotion to a default subreddit, there has been a huge influx of posts mostly covering the same topic. + +Start here: [Khan Academy videos on IRA's, 401k's, etc](https://www.youtube.com/watch?v=tvL7ox0ezCU&list=PLUBoK8lZIxW90VxgRyjqWfPf4BZ-tYeGN). This link is to a Khan Academy playlist. There are options on the right for different videos on different subjects. The first video is mostly about credit cards. + +Second stop: If you would like more video-material, Look up [Dave Ramsey](http://www.daveramsey.com/). He has some great videos on PF. You can find more videos on Youtube. + + +Here are a few guidelines I'm hoping will help 90% of the recent grads - +--------------------------------------------------- + +* Live frugally. Spend as little as possible. You owe a lot of money to something, act like it. If you don't grab it by the horns now, it could haunt you for years to come. +* CREATE A BUDGET [YNAB](http://www.youneedabudget.com/) is great, or [Mint](http://www.mint.com). +* Stick to your budget! +* Allocate money to and IRA/Roth IRA/401k if possible. This will depend on your interest rates. Generally, if the interest is lower than 4% you could benefit more from putting money in an investment account. **Remember, putting money towards a 6% loan is a guaranteed 6% return**. Another thing to remember is that if your company matches 401k, then you should contribute **at least** the amount that they match. This will net you a 100% return on your money! +* Build an [Emergency Fund](http://www.wisebread.com/figuring-the-size-of-your-emergency-fund) with 3-6 months of expenses +* [HERE](http://i.imgur.com/PWfvdvB.png) is a great info-graphic of how to allocate money. (I believe /u/BrainSturgeon created this info-graphic, so credit to him!) + +Check the sidebar, there is a lot of great information there. + +I'm sure I am forgetting some things, if anyone else would like me to add to this, please let me know! + +If you believe your situation is different, feel free to post a comment below and we can try to help! + + + + + +Additions: + +Excellent Loan information from user /u/EducatedRisk - Original post, with links to sites, can be found [HERE](http://www.reddit.com/r/personalfinance/comments/25cuai/to_all_recent_college_grads_worried_where_to/chgf2gs?context=3) +---------------------------------------------- +Recent graduates should be aware of all their student loan repayment options. Most federal loans qualify for certain loan forgiveness programs, interest benefits, and flexible repayment options. All students with student loan debt should take all these options into account as part of their financial planning. + +Use StudentLoans.Gov's Repayment estimator - ED just rolled out a feature that will take your actual loan balances and project your monthly costs for each repayment program, the total balance and interest paid over the lifetime, and potential forgiven loan balances. You can also now just log into Studentloans.gov and you can review all your federal student loan balances (and each loan's current status). + +Any borrower that does not have a job at graduation should immediately enroll in Income-Based Repayment or Pay As You Earn. This provides more payment flexibility as you search for a job. Its better than a deferment or forbearance too. Even if you plan on making extra payments, the flexibility of PAYE and IBR can benefit most borrowers. + +Income-Based Repayment - You pay 15% of your discretionary annual income divided into 12 monthly payments. If you have less ~$20k in income, your payments are generally $0/month. Interest still accrues but it is not capitalized. + +Pay As You Earn - It has the same terms as Income-based Repayment except that you only pay 10% of your income. Also, this is only available to borrowers that did not have federal loans before Oct. 1, 2007 and who also had a NEW loan disbursed after Oct. 1, 2010 (confusing, I know). +Here are some other common questions as well: + +Federal Loan Consolidation - For federal loans, the monetary benefits for consolidation are minimal; the interest rates are averaged and there basically is no discount. When the loans are consolidated, you cannot target the highest interest rates with extra payments. Only consolidate for peace of mind and a simplified process but, generally, consolidation is not worth it for borrowers. + +Capitalization of Interest - When a borrower graduates, some loans have accrued interest that is unpaid. The interest is capitalized when you graduate (added to balance of the loan). ED and your loan servicer will send letter recommending your make payments on the Uncapitalized Interest before it is capitalized. If you do, then that portion of unpaid interest is never charged interest over the life of your loan and you save money. If you can, make payments on the uncapitalized interest during your grace period. It is a good way to save money if you have extra savings and a job. + +Grace Period - Direct Loans have a 6 month grace period from graduation; then borrowers have to make payments. Perkins Loans have a 9 month grace period. You can make payments before that if you want. +Refinancing With Private Loans - There are number of companies out there that specialize in refinancing and consolidating private and federal loans. Each company is different but generally the lowest I have seen for refinancing is ~5% for borrowers with good credit. Keep in mind, however, that you lose access to loan forgiveness, IBR and PAYE if you refinance with private loans. + +I am only mentioning these student loan issues because these decisions made right after graduation can have a huge positive or negative impact your personal finances for years to come. + + +For more information related directly to Student loans, check out /r/studentloans! + + +[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!* +[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! +Beginning debt: $9,700 + +Remaining debt: $4,730 + +Total paid: $4,970! + +I am so proud of myself. It's been a struggle to learn how to budget and stop relying on credit cards. It's been a struggle to pay down my debt. But I have a renewed motivation to continue kicking debts butt now, after seeing all the progress I've made! +Wondering if anyone has any tips on getting a better mortgage rate in the current climate? It seems like rates start at 3.25% to 3.375%, with significant discounts if you move assets to that bank (e.g. 5/8% off at Citi if you have $2m with them, so 2.625%). I need to look into other securities based lending programs, but probably don’t want to move more than ~700k at the current moment. + +Any helpful insights? It seems like BofA and Chase are pulling back on their mortgage lending in response to COVID19 while Wells and Citi are getting more competitive. Not sure if there are smaller banks that might be more competitive as well. + +House is in NJ, if that matters. +Hey guys, +Have enjoyed looking into book recommendations from recent comments and thought I would put together a list of my favorites. Will you please add your favorites to the list? + +May be stretching our relevant post rule, but I think a good book can help you prosper and take you closer to your goals. + + +Books I’ve read and loved: +7 Habits of highly effective people, Stephen Covey +- This classic is probably what ignited my love of self-help books. Formed the basis for a lot of my current thinking. + + +The miracle of Self Discipline, Brian Tracey +- Love this book. ~1hr in length. Tons of very actionable takeaways. Some ideas that aren’t so hot, but a lot of really great stuff. + + +Captivate, Vanessa Van Edwards +- Recently read this. Love it. Lots of good tips on being better at parties. Love being a smooth guy, and this book really helped with that. + + +Presuasion, Robert Cialdini +- This is the ultimate book when it comes to getting what you want. Really makes you rethink things before you ask for something. + + +Leadership & Self Desception, Peter Berkrot +- Excellent book. Get out of the box! Treat your human resources like humans, not resources. + + +Never Eat Alone, Keith Ferrazzi +- Wonderful book. Beware… I reached out to way too many people and regretted not implementing the lessons in this book more slowly. + + +The Power of Habit, Charles Duhigg +- Really excellent at helping form good and eliminate bad habits. Second half of the book is more corporate and society, but first ½ is excellent for individuals + + +Outliers, Malcom Gladwell +- Really love this book. Helped me not be ashamed of having help on my path. Nobody does it alone! + + +John Wooden on Leadership, John Wooden +- Excellent book. Helps me breakdown large goals into daily tasks. Make each day your masterpiece! +CEO Mario Cardenas will host an informal AMA with some of the team members to discuss progress and answer any question today at 3Pm Pacific time 🙏🏽 + +✅ Only $1.4 Million MCap right now, great entry point 📈🚀 +✅ Over 30,000 holders +✅ CoinGeko Listing (3rd Day) +✅ Blockfolio Listed +✅ CMC listed +✅ Full Techrate Audit +✅ Ownership Renounced +✅ Doxxed Team + +🔒 LP, Team wallets and Marketing wallet Locked!!! + +🔥 Listed on Coinsbit with more to go 😏 + +🔥 Partnered with 15 Only Fans models and more on the way. + +🔥 Regular competitions for holders to win free OnlyFans subscriptions 👀 #FreeNudes + +🔥NSFW NFT market place almost complete. ETA end of June/ early July. Form of Payment will be LOF (First to do it) + +🔥 Staking farm available in different tiers to earn NFTs from our lovely models 🤤 + +👀 In talks with a top tier artists that is well known, 6.6M follower base. + +👀 In talks with celebrities and rappers + +TOKENOMICS: +- 3% burn 🔥 +- 3% reflection to holder💰 +- 3% sent to LP 🔒 + + +🔎 Website - https://lofcrypto.com/ +🔎 Telegram - https://t.me/Lonelyfanschat +🔎 Contract - 0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96 +Hey guys, I wrote a few days ago about the design and project - But i want to make this simple - Let me be honest, are you tired of using Poocoin or maybe Bogged? - Well…? I believe there should be a better solution. +To my surprise …I found PokeDX ([https://pokedx.app/](https://pokedx.app/)).. This platform has it all …(and it’s add free……. ) + +* **Trading Tools (comprehensive and sophisticated tools like TradingView)** +* **“My Trades” tab (See all your trades done, from past history)** +* **Watchlist (Favorite your coins and follow them up closely)** +* **Real-Time Price Chart (Candlesticks!!)** +* **Fiat-onRamp (Buy crypto directly)** + +These are all things you can use now … and this platform is still just in Beta !.... The platform is less than 3 months old! The token which represents this project called PDX even has rallied 1996 holders… with a locked LP investment from the team on 10.000$... they already crossed 9.000.000$ ATH in MC!! +They are updating on a daily basis, with new features from twitter ([https://twitter.com/pokedxapp](https://twitter.com/pokedxapp)) and TG ([https://t.me/dextalks](https://t.me/dextalks)). In the upcoming weeks their swap function will be ready, which should boost the value of the whole platform even further! +Seriously if you want to be financially saved, this is the hidden gem, sleeping giant, moonrocket, which will shake the DeFi space. + +Their medium articles even explain upcoming features … like OPTION-TRADING.. this is totally revolutionary in the DeFi space! ([https://pokedx.medium.com/](https://pokedx.medium.com/)) + +Of course remember - always DIY research .. but seriously … Hurry up and become a PokeDx’er … this will blow up!! + +Links to Website, Whitepaper, Telegram, Reddit, Medium, Contract and how to buy PDX are listed below - +