diff --git "a/reddit_finance_43_250k_401.txt" "b/reddit_finance_43_250k_401.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_401.txt" @@ -0,0 +1,10000 @@ +*It is very important that you find out ahead of time what restrictions your broker places on limit sells.* These restrictions are not something you want to find out when its showtime. And of course, these are only restrictions on the prices you are able to set for the orders. [Brokers and their clearing houses must also have the cash/collateral available to clear and settle the orders](https://money.stackexchange.com/questions/136272/why-would-collateral-be-required-to-make-a-stock-purchase), so how successful any given broker or clearing agent will be in that regard is to be determined. [But as Mark Cuban suggested; the bigger the broker, the better.](https://www.reddit.com/r/Superstonk/comments/mycxwy/looks_like_mark_cuban_was_right_all_along/) + +E.g. If I place a limit sell for a single share at $100, the purchasing broker must provide $100 worth of collateral until the trades settles and clears in T+2. After the trade settles, the broker will deduct the $100 + fees from their client's account. What this implies is that brokers' ability to execute orders is limited by the amount of collateral they have. It should be pretty obvious why this collateral requirement becomes a problem with MOASS-calibre orders. + +Because so many people are moving shares to Computershare, I'll discuss what we have learned so far about the order restrictions that Computershare users are subject to. There's been a lot of discussion about the restrictions in posts and comments on the sub. Hopefully this sourced/cited explanation can establish a clearer understanding and kill some of the FUD or confusion about the transfer agent. + +Orders placed through Computershare are handed off to one of [Computershare's multiple brokers](https://www.computershare.com/je/broker-selection-policy), who handle the execution of the order. *What I have not seen specified is whether Computershare uses multiple US brokers for US securities, or if they use multiple brokers due to the fact that they are the transfer agent for companies in markets around the world, and therefore have agreements with multiple brokers but use a single broker for each market. If someone can provide me proof either way I will edit this section to reflect the information.* + +And as we learned in a recent update from Computershare, [they allow for a maximum aggregate order value on GME orders of $9,999,999](https://www.youtube.com/watch?v=9H_pEIhIdTo&amp;amp;amp;t=154s). Note, that this maximum aggregate order value is for orders placed online through Computershare's web platform. Higher aggregate order values can be placed if you submit the order in writing. However, whether the order is placed through the web platform or in writing, the maximum limit order price through Computershare is still $214,748.36. + +This translates to a maximum limit order via the web platform of 46 shares @ $214,748.36, which would result in a total order value of $9,878,424.56. If a limit order is submitted with fewer than 46 shares, it is still subject to the $214,748.36 maximum limit order price. How useful this aggregate order value cap is to you depends on how you plan to sell. A prevailing wisdom is that the fewer shares per order, the better. There will be a lot of volatility, so selling in smaller amounts protects you from the risk of orders filling for less than you expected or not executing at all because the price dropped suddenly. + +I am still holding out hope that Computershare will increase this price maximum, but they have been quite clear in their response: + +>["...it's a very hypothetical situation against which this feedback has been given to us, and we have been criticized for having a maximum limit order price of $214,748.36... We have people who are asking us to have limit prices above that. We had our team study this for a number of weeks to see what it would take to actually adjust that limit upwards. I think at this moment in time we're comfortable leaving the limit ceiling where it is. It's a significant amount of work to introduce that change to our platform, through our order routing platforms, and to work with our broker on higher limits. So for this moment in time, we are going to leave that limit exactly where it is. And I think the message therefore to people is, if you have a definitive need to use limit orders above that, you ought to consider using an online broker to get the benefits of higher limits if indeed they offer them."](https://youtu.be/9H_pEIhIdTo?t=202) +> +>\- Paul Conn, President of Global Capital Markets, Computershare + +So what can we expect would happen to a \~$214,000 limit sell placed through Computershare during MOASS? + +If there are no bids available above the limit price of \~$214,000, then the limit sell order will fill at \~$214,000 once the broker finds a buyer with whom to pair the order. In a MOASS scenario, the buyer would probably be the prime broker of a naked short-seller being force liquidated. + +If there ARE bids available above the limit price of \~$214,000, the broker executing the order will fill it at the *best available bid,* meaning that a limit sell *will* fill above the limit price *as long as there are higher bids available.* + +My interpretation of Computershare's aggregate order value cap is that you are restricted in the number of shares which you can sell in a single order at their maximum limit price of \~$214,000. But you are not restricted in the price at which the order will fill. + +In the [Computershare AMA Part 2](https://www.youtube.com/watch?v=bo427AW0anw), Paul Conn stated: + +>There is nothing stopping someone from putting a market order through us at a price that is much much higher than that. + +Additionally, [in the Computershare AMA Part 1, Paul Conn stated that their brokers must abide by the NBBO](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/) just like any other, so if a bid is available at crazy prices, your order will be filled against that bid. Even though a market sell will fill with the best bid available at the time of order execution, it would be wise to use limit sells anyway. It establishes a minimum price for your order which is a guarantee that a market sell does not provide. + +If you feel that having access to limit sells above $214,748.36 is an important part of your exit strategy, then based on what Computershare has told us in their AMAs and updates, you will need to leave a handful of shares in a broker who offers higher limit order prices. If your plan is to sell a share or shares at phone number prices like $69,420,000 and the maximum limit order price available to you is \~$214,000, you need to consider the probability of bids being available at the price you wish to receive for your order. This is a short squeeze after all, and the only *guaranteed* buying that can be expected will occur in the form of market buys hitting offers (limit sells). + +Again, ***every broker*** *has restrictions on the orders you can place,* so find out the restrictions that apply and position yourself accordingly. + +# In Closing + +I believe that the information presented is sufficient to provide a beginner investor with an understanding of basic market mechanisms necessary to execute an exit strategy with minimal mistakes or unintended consequences. + +We now know the difference between a stock's market price and its NBBO. We learned how the NBBO is determined based on the order book / Level 2 data, and how different order types interact with available bids and asks. We learned how to integrate the bid-ask into your chart watching. And we learned that brokers place restrictions on orders which need to be considered when positioning yourself for MOASS. + +I hope my explanations and examples were easy to understand. If something I said was incorrect or unclear, please let me know in the comments and I will make the appropriate edits. + +If I can find time for a Part 2, there are some other topics I thought to cover including: how Market Makers provide liquidity, forced liquidations, broker defaults, delving deeper into bid-ask spreads, delving deeper into broker collateral requirements for order clearing and settling, and the trading halts and suspensions that occur during intense volatility. + +If you're interested in a Part 2, let me know in the comments! And don't forget to share, subscribe, and smash that mother-fucking like button. And click on the bell icon to enable notifications. It really helps the channel out. +Good evening apes, + +I hope your wife's boyfriend is treating you well. + +Seeing everyone celebrating the Melvin Capital shutdown today made me feel compelled to provide a little bit of clarity as to what's going down. + +Is this a reason to celebrate? + +Yes. Gabe Plotkin and his crew lost over 50% of the value of the fund while short GME, and decided to close the doors on the fund forever. + +But its not so simple. + +Gabe lost half the money in the fund, but he didn't lose all of it. So why shut the door on the fund for good? Let's dig a little deeper. + +First we must look at how Hedge Fund's make money. Most commonly they follow the 2 and 20 fee schedule. This means they get 2% of the total dollars invested as well as 20% of the profits above a predefined benchmark. Some of the most renowned managers will take 20% of profits without this benchmark. + +Due to this fee schedule, it can become incredibly difficult for a HF that's down significantly to be able to earn their 20% profit incentive. + +So what did Melvin do? They closed down the fund, knowing they wouldn't be earning their profit incentive. I think it's extremely likely they just go and open another fund so they can start earning that profit incentive right away. I can't even begin to explain how morally corrupt and criminal this is. Rather than work harder to earn the investors money that he lost, he just bails on them at a huge loss to go earn higher fees elsewhere. + +These are the greedy bastards we're up against. + +Talk soon. + +u/dan_bren out. + +TL;DR: Melvin closed his Hedge fund so he can open a new one to earn higher fees. + +Edit: Appreciate all the comments and links to the public statements surrounding this. I'm not convinced. + +I think he's more likely to open another fund than he is to go to jail for financial crimes + +Edit 2: Gabe had a very good reputation in the HF business. His previous investors were obviously pissed. Big money wants the returns he was producing. He'll get the capital elsewhere. They understand that without the performance fee many valuable members of the team would look to work at other funds. +Hello, + +I am in my mid 30s in Canada and thinking of leveraged investing. Specifically, plan is to borrow $100k from bank using line of credit at interest rate of 2.2% (able to get this rate as I am a physician) and invest in a well diversified ETF of 80%stocks and 20% bonds such as Ishares AOA which is expected to give returns of 7-10% per year in long term. I can afford the $2200 per year of interest charges. Have no problem with buy and hold strategy, so will continue to hold the ETF during the downturns. Would you recommend this strategy and is this a good way to generate wealth and reach financial independence sooner? I am still learning about this strategy and I am starting to prefer this over real estate investing as it's much less work and hands-off. Real estate has given returns of 15-30% in canada over last decade but it's much more work. Thanks for reading. +This may not be meaningful to everyone, but I wanted to share this as it's hard to talk to friends and family about it and reading /r/financialindependence is really what kicked this off for us. + +Today is my last day gainfully employed in my "career" job and Monday we are planning on starting our RE journey. (Mrs. ModernSimian already stopped working about a year ago) + +We started looking at FI/RE as possibility about 2 years ago due to a front page post on /r/financialindependence andwe realized we were already well past FI. Things really got interesting when we fell in love with a property in Hawaii and decided to actually pull the trigger. + +* July '16 - Realized we were already FI and engaged a professional Financial Planner to start checking our work. +* Aug '17 - Mrs. ModernSimian leaves career. +* Nov '17 - Bought the new property and started living there part time. +* May '18 - Sold house on the mainland and moved to HI full time. +* Sept '18 - Last day of remote work / fully transitioned to RE! + +To be honest we don't know exactly what we're going to do next. We're both still fairly young (39) and excitedly expecting our first child this spring. So much of our time has been spent figuring out how to execute on this that we haven't made concrete plans on what comes next, but I think it involves a bunch of sitting on the beach for at least the next week before we start trying to build a routine. + +Thanks for all the passive advice from this forum, I don't think we would be where we are today otherwise! +Update: Thank you all for your advice! I spoke with our lender this morning. She is looking into options to qualify with our assets but is not optimistic. She said all lenders are doing extra employment checks including asking if notice has been given, so this would have come up. Plus, due to Covid, there are now several additional documents that you have to sign at closing confirming current employment and that you haven’t been notified of furloughs, layoffs, etc. and not disclosing this situation would be considered fraud. So, still a sliver of hope, but likely we’re out of luck until one of us gets an employment offer. While I feel confident we’ll find jobs it’s unlikely the wheel would turn fast enough to have an offer in the next two weeks. :( + + +———/ + +We are mid-way through closing on a house, past the inspection and appraisal. We are putting 20% down. My husband found out that his position is being eliminated as part of a department shut down. His last day of employment will be in 6 months and then he will receive an additional 4 months of severance. I am currently a stay at home mom, but previously held leadership positions with a high enough salary to cover our living expenses. . We will both begin job searching immediately as well, knowing the covid makes it harder than usual to find something new. + +We still want to purchase the house. We have enough cash savings to live on for at least 3 years with no changes to current budget, probably over 4 years if we reduce some discretionary expenses. This would be used after his 10 months of notice/severance expires, if neither of us has found a new job by then. It does not including our retirement accounts or unemployment benefits. + +He will technically still be employed when we close, but I imagine the lender will ask about likelihood of continued employment??? I don’t know how the company will respond to that. And If we are asked, we would need to answer truthfully. + +So, is there any way to save this deal? Should we be proactive and notify our lender? If so, what’s the best strategy for doing so? +Hi. + +Before anyone comes at me saying "If you don't know this, then stay away from options", I'd like to ask to be educated on the reason behind this instance. I'm assuming it's purely based on implied volatility. + +I bought TWTR $55 Calls w/ 250+ DTE. News came out this morning that Elon is pausing his acquisition. I was assuming I'd be down at open, but I was actually up. A few days ago, the implied volatility for the calls were at 10% but it's currently at 26%. + +Regardless of the answer, I'm out the trade and took it as a slap on the wrist. +First of all I just want to thank you guys. . If it wasn't for the great advice I would of took my chances with going to the airport. So I wanted to update you guys on what happened, just in case you go through this yourself. + +So after I read countless comments that it wasn't a federal violation to reinstate my ticket and that the first manager just straight up lied to me. Not only in saying it was a federal violation but also that if I go to the airport they will have a more in depth log to look through (they don't). I decided to call again. I thought maybe dropping names like DHS and DOT would bring faster results. Well I got the manager on the phone a lot quicker than the last time. But that's as far as the progress got. +From there on I literally sat on the phone for an hour going back and forth with the manager telling me my girlfriend didn't board the plane. She would use condescending remarks like "A lot of people don't know if you cancel your outgoing flight, then the return is cancelled as well." After I just mention to her that my girlfriend sat right next to me. And when I would say she absolutely did board the plane. She'd remark "well then I can't help you from here if you won't give me the full story." This kind of conversation as I stated before lasted about a hour. +It felt at times she was bribing me to lie. If I just tell her the real story then I can reinstate the ticket for $200. I thought about paying the $200 since I was shipping out the next day and I needed piece of mind , but she wouldn't let me until I told her the full story. Stating that the manifest has never been wrong and it says in her system in 3 different spots that she didn't board, and that's never happened +I wish I could tell you guys there's a secret way around this or I have magical sentence that made it all right. But the truth of it is, i was persistent with my "story" and I think I just wore her down to reinstate the ticket finally. She sounded so defeated when she finally gave in. Almost sad?? Which baffles me because she just gave someone a ticket to go back home, instead of ruining their thanksgiving. I'm assuming she was just ready to get off the phone with me. I told her thank you and I hope you believe in karma and her remark was I hope you do too. +We made it back so I guess everything is good on our end but we'll never be flying with this airliner again. Its sad we've come to a day where computers are more reliable and a real person pretty much begging to just go back home, is the liar. + +Edit: a lot of people are wondering the airliner. It was delta. And like I said in my original post, it's a shame because we were giving them such high praise on our flight there. + +Original post if you want to get the full story https://www.reddit.com/r/personalfinance/comments/7fcge5/my_girlfriends_return_flight_was_cancelled/?st=JALPMTQ4&sh=b2bb792c +Woke up to [THIS](https://i.imgur.com/FHDbeOH.png) notice. No idea who was trying to get fit on my dime or how they got my debit card number. + +But, because I always keep my card locked (unless I'm standing in front of the ATM getting cash), I was spared a lot of hassle and headache. +I'm curious if there are an projects you expect to moon or like for the long term. If so, please share with me why that is and I will add it to my moon bags. +I believe that omicron will be the end of covid as we know it in 6-12 months. It is what will finally get world popultion to the elusive herd immunity. Many vaccinated and unvaccinated will catch this over the ensuing 6 months, with only a mild bump in hospitalizatio rates. this variant is on its way to outcompeting and essentially extinguishing the other more deadly variants by having a far higher transmission rate while confering a partial immunity against all variants. It would be quite poetic if what finally rids the world of covid is covid itself. + +Im pretty much a retard throwing shit at the dart board and not a virologist or a financial advisor but have june 2022 JETS calls on this thesis. +When I was 18 I overdrafted my bank account, left for college, opened a new account with the school credit union and then forgot about the original account. + +Today, 15 years later, I received a call from a "legal paperwork delivery service" saying I would be served paperwork to appear in civil court, and to confirm my address and that I would be home tomorrow morning. They gave me the name of the group filing the suit, and a case number. When I called them, they provided me with the last 4 of my social, my current address and the actual bank account number for this old account. They also told me that "because this bank is FDIC insured, there is no statue of limitation on this debt" which does not appear to be true. I later found that a different number called members of my family around the same time as my first call, providing the same call back number. + +The person on the phone offered a resolution: the debt is now around $4500, however, they are willing to discharge it for $2500 (their numbers were not rounded like these). She sent me a docusign letter with the resolution written out. I (obviously did/will not sign it). Googling around, I found that there is basically no information about this company - the BBB listing says it is not verified, has 2 complaints and is rated as D-. + +To my knowledge, there is no way I actually owe this money. I called the bank, they said they charged it off in 2008 and was not sold to any creditors (and are sending me a letter in the mail to this affect). If someone actually does serve me tomorrow, I feel pretty prepared (will likely research whether I need a lawyer or if I can just ask for proof and provide my own documentation about the age of the debt). + +If they do not serve me paperwork tomorrow, I will be calling back the agency to ask for an address for which to send certified mail, and send a request for debt verification. I figure, it may be better to be proactive now and avoid a headache later. + +Am I overlooking anything? +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. +These questions could've probably been submitted in the ELI5 subreddit, but I figured I would start here. I never understood why this is. I'm sure there are exceptions to this standard, but I have no clue why lenders don't simply disregard the Fed interest rate and use a rate that works for their budget and can attract more customers. Thanks. +Does anyone wonder why all the sudden for the last 2-3 years, new houses have not being built fast enough so house prices has to go up, all the sudden vacancy rates is at all time low, while immigration has reduced/stopped during COVID? + +Where’s all these “new” people coming from? +So the international border will be open to Australians and PRs looking to come back into the country. + +There is supposedly a backlog of thousands. I take it that these Australians overseas are of the professional worker categories? Banking in London, US and so on? And their spouses and dependents. + +What will happen to housing in the next 12 months then? How will the market cater for these people who I suppose won't be living with mum and dad? + + +And they'd need to buy a vehicle too.... + +..while the interest rates are at all time lows. + +Will 2022 be a repeat of 2021? +Long-time lurker here. + +So looking at home prices in the Los Angeles market, it seems the prices are back to pre-recession levels. It also seems very expensive to buy a home today and in retrospect, 2010-2011 was a good time as that seems to have been the "lowest low". + +It took many years to recover and I imagine that prices can't just keep going up and will eventually flatten out. Right? + +But will it just flatten out or will it burst like it did? I am concerned that if I buy now, that I will not only pay a lot more, but that it would also be a bad buy because the bubble could burst tomorrow and the value of the home could be 50-75% of what one would pay today. + +Is it better to just wait it out for a few more years and know for sure its flattened, or does flattening eventually just lead to a bubble bursting? + +Is there some way to make an informed decision? +(Using an alt because I don't want real-life friends who know my user name to see this info.) + +TLDR: more years of freedom and cashflow, at a cost of total return. + +Here's my profile: + +* 33M, married w/ 2 kids +* Subscription business owner netting $50-55K+ monthly +* Own my $850K house free and clear - mortgage was deleted five months ago. Zero other debt. +* Received a diagnosis of low-grade B-cell lymphoma. This slow-growing, incurable cancer might kill me in ten years, or it might never kill me. I'm told different things from different oncologists but I don't want to focus too much on that, though it is perhaps relevant to my unorthodox thinking. +* Since paying my house off, I've amassed $250K entirely into SPHD. This now pays over $1,000 per month, which I'm (currently) reinvesting. + +So that last line is why I'm here - here we go. + +I'm aware value stocks won't net the same total return, but for people like us - comparatively rich people - who cares? Regardless of whether my cancer kills me, why aren't we ALL living like we might only have ten more years? I don't understand this mentality of trying to amass the biggest number possible and then starting a withdrawal rate. FatFIRE is supposed to be for ass kickers. 1%ers. People who live like everyone else only dreams of living. Why not build up your cashflow the *biggest* you can, then live to the *maximum ability* you can, for as *long* as you can? Even if it means less Total Return? + +The most likely answer is that someone will say because the \~8% historic return of VTSAX will surpass the \~5% of SPHD, and you can gradual withdrawal sooner than leaving it in SPHD. Or even dump it all into {SPHD or another monthly dividend payer} if that's what you desire, but with a bigger number. + +Sure, in theory, it works that way. But that thinking requires two main things: + +1. You must ignore market downturns where you will not want to withdraw even a single penny. It will be mentally and emotionally draining. You will likely consider going back to work before you'll sell at a 30% loss. (That doesn't sound like fatFIRE to me.) +2. You must ignore any possibility of a middle ground. There's many business owners here, such as myself. I'm prepared that my revenue could decline but not go completely out of business. So it's only making $20K, $10K, or $5K per month now - but in the meantime I amassed a ton of cashflow, so I'm still living extremely well and free... which is the whole premise of fatFIRE. No? + +My chosen fund, SPHD, has paid steady dividends even through coronavirus market turmoil. I will absolutely never sell a single share, so it doesn't bother me that it tanked. The only thing I care about is a steady flow of cash, which the companies comprising the fund deliver consistently, by nature of the index. + +I once read dividend investing was popular among investors until "bull runs taught people the only way to invest was to buy low and sell high". I loved that quote. + +Anyone else think like me? +I apologize if this is not helpful enough and too much of a brag post to warrant its own discussion but I figured I'd share anyway. + +&nbsp; + +Graduated in May of 2014 from a private engineering college with a B.S. in Computer and Systems Engineering and about $40,000 in mixed private and federal loans. I had a job lined up for after I graduated and started that June. + +&nbsp; + +Thanks to philosophy of r/personalfinance and Mr. Money Mustache, I made it my mission to pay down this debt as fast as possible. It became almost like a game, several times a month I would look at my Mint trends tab and see the debt balance graph getting lower and lower. It was exciting to me whenever I got more money than I expected for the month and put it right to my loans. My drive to get rid of my debt even got my girlfriend on board with this "debt blasting" attitude that we hope to continue for the long run. + +&nbsp; + +I started post-college as a Systems Engineer at $59k salary moving to about $62k and eventually raising to $71.2k a couple of months ago due to a promotion. I contributed 6% into a 401k set up by my work which matched 75% of that contribution. + +&nbsp; + +During that time I lived in two apartments (a year for each) with a roommate with my share of the rent being $575 a month and $375 a month. This helped contribute to a relatively low housing expense as a percentage of my take-home pay (about 1/6th). The second apartment ($375/month) was not in the best area but saving that extra 200 a month really helped put more toward my loans. Other than buying a nice TV after I graduated, any extra money I got including things like tax refunds, went directly to my loans. I was dumping about $1500-$2000 a month in them. Starting with the highest loan amount and interest rate. + +&nbsp; + +Another thing that helped contribute to lowering my expenses were that I was covered under my parents health insurance. They also payed for my portion of my cell phone and auto insurance (I would give them about 200 a month to cover some of the expenses). Safe to say they helped me out as well. + +&nbsp; + +Here is what my efforts boil down to that I am really proud of: http://imgur.com/CWPTt3I +(Those two months where the debt spiked was the result of me having to front money for my grad school program before my work would reimburse me). + +&nbsp; + +**Some random advice I have to save money and pay debt down faster (this might apply a little more for new college grads):** + +* **Avoid the debt to begin with.** (This only applies for people who have not incurred student debt yet) I was fortunate enough to live near a community college that had an excellent engineering program. I was able to attend for two years and earn an A.S. in Engineering Science all while incurring next to no debt. The program was well-known and accepted enough that I was able to transfer to my 4 year college with full Junior status. Doing this allowed me to avoid the private student loan debt for my first two years and get merit aid scholarships which helped put a dent into how much I would eventually owe. + +* **Live with a roommate wherever possible.** in as cheap a place that you can stand (for me it was a place that had electricity, heat, and quiet place to sleep, anything extra was a bonus). The costs associated with living by yourself greatly affect the amount you can put toward the loans. + +* **Do not buy a new / newer car.** It may be tempting to plunk down money for (or lease) a new car as an "I deserve it" reward for graduating, but that shouldn't be a priority when you have debt hanging over your head. There will be plenty of time for a nicer car sooner than you think. I found my car on craigslist ('06 Elantra), paid cash for it (~$4800) and have been driving it for 4 years. I personally would have continued to purchase used cars like the one I have going forward but I have another passion which is Tesla and I dropped $1k to reserve my Model 3 as an ultimate gift to myself for paying off my debt :). + +* **Credit Cards.** Take advantage of the benefits that credit cards have to offer, **if you use them the right way**. I used to think they were terrible things to have, but the extra cashback / miles are wonderful and the ability to separate your money from companies and entities you pay for goods and services is a great thing to have and has helped me in a number of occasions. Going back to what I said before about credit cards, you need to use them the right way. Never spend more in a statement period than you can pay off before it is due. For me, I never spend money just because. I usually have my set expenses for needs and then if I want to make a larger purchase, I always sit on it and think about it for a couple days before making the purchase. This naturally allows me to be responsible with a credit card and I think use it in a safe way. + +* **Live close to work and avoid buying individual meals.** Depending on the cost of living in your area, live as close to work as possible. Unless you are working in a major city or other area where rent is expensive, the savings on commute time add up to extra cash in your pocket and less frustration in dealing with traffic. Secondly, I got into the habit (though i'm guilty of not doing this on occasion) of preparing my breakfast and lunches for the work week on sundays and eating them throughout the week. The savings really add up when you don't have to purchase breakfast and lunch everyday. + +* **Take advantage of your advantages.** One last thing that I think applies differently to different people are the random advantages that happen to be available in your life. For me it was living within an hour of my parents (and girlfriend's parents) house and being able to see them a fairly frequently. This had several small advantages like free haircuts from Mom and being able to do laundry for free. I was also lucky enough to know that I could move back in with them if I ever lost my job or needed a decent amount of cash for an emergency. This allowed me to be a little fast and loose with my emergency fund (which was essentially nothing) and be more aggressive toward my loans. +Another big advantage I was lucky to have is related to the company I work for (other than free coffee haha). I was able to get a full tuition reimbursement to continue my education and get a Master's degree online while working. This helps further my career prospects and it doesn't add to my debt. Coupled with this is me getting the opportunity to go on work travel to several locations in the U.S. where I generally am paid more than normal and get per diem. I get to see different parts of the country for free and add more money to my savings all while doing a job that I enjoy :). + +Anyway, that is my "story" for now, i'd appreciate any feedback or any questions/clarifications you may have. Thanks for reading! + +**TL;DR: Paid off student debt as fast as I could, learned some things along the way.** +So, part of my difficulty with stocks is figuring out how much they're worth. I don't necessarily understand the relationship between the price of a share and the worth of a stock. + +There are companies that operate at a loss making -.88 earnings per share, but their stock will keep trading higher and higher over a span of time. Other stocks may turn a positive earnings per share but decline in value. So, it's not like the stock is actually correlated to a share of the company's worth. + +So, I struggle with people who give me advice to research a stock, read the 10-Ks and financial statements, research the market etc... I can tell what is a generally good business from what is generally not. However, I've seen businesses that I thought were in trouble skyrocket (Guess?) and businesses that I thought were solid plummet (Cloudera). + +So my research is more like trying to figure out how much people will be willing to pay for a stock, rather than the actual worth of a company. I kind of treat shares like bitcoin. Bitcoin isn't real money, it's just a share in an intangible idea that we collectively give value to, just like all other money in the fiat system. (I never invested in bitcoin.) But if I bought a share of bitcoin (i.e. one bitcoin) there is no actual product of value being produced, it's just my expectation that others will value my bitcoin at a certain worth. I think it's the same with stocks. A company like a pharmaceutical company can turn negative earnings, but still have their stock increase in value. + +So, please, help me understand this idea of stock valuation. When I buy a stock, what am I actually buying? +Hi WSB, I've seen a lot of people talking about gamma squeezes recently, but I haven't seen anyone explain the math correctly. In fact, even the recent [Forbes article](https://www.forbes.com/sites/georgecalhoun/2021/03/05/gamestopgamestonk-has-nothing-to-do-with-the-madness-of-crowds/) got the concept wrong. So I figured I'd sit down this fine Saturday morning and put together a post on the actual mathematics of a gamma squeeze. I'll talk about options concepts such as the Greeks, but I won't go into so much detail that you'd need to understand the [Black-Scholes](https://en.wikipedia.org/wiki/Black%E2%80%93Scholes_model) equation or anything. + +&#x200B; + +**Market makers** + +The first thing you need to understand is who is on the other side of your trade when you buy a call option. Typically, this is *not* some other trader or hedge fund that wants to inverse your bet. Instead, the counter-party is what we call a [market maker](https://www.investopedia.com/terms/m/marketmaker.asp). Market makers profit from providing liquidity to markets, *not* from taking directional positions. In practice, what this means is that market makers charge you a slight premium, and then position themselves so that no matter what happens, their premium is preserved. This positioning is called hedging. + +&#x200B; + +**How market makers hedge call options** + +There are infinite ways that market makers could theoretically hedge against the calls they sell. However, by far the simplest and most prevalent way is to buy some amount of shares of the underlying stock. Remember that 1 options contract = 100 actual options. + +***However, here's the part I think a lot of you are misunderstanding: market makers do not buy 100 shares of the underlying for every option contract they sell you. This would not be a hedged position! This would be equivalent to the market maker having a covered call on the stock, which is a bullish/neutral strategy, and will lose money if the underlying declines!*** + +The last thing a market maker would ever want to do is take a bullish position on the meme stocks that they are selling you options on. So how do market makers actually hedge? + +To understand how market makers *actually* hedge, first you need to understand two options concepts, delta and gamma. + +**Delta** + +The *delta* of an option represents how much the option would increase if the underlying increased by $1. So a delta of 0.3 means that for every $1 the underlying stock moves up, the option will go up by 30 cents. Remember that the initial price of the call option is much less than the stock, so that 30 cent increase is a much higher % increase than the corresponding increase in the stock. + +As an example, you may have paid $10 for a call option with a $100 strike on a stock that is currently trading for $50. If the delta on this option is 0.5, then if the stock moves to $51 dollars, the option will be worth \~$10.50. So, the stock moves up 2%, and the option moves up 5%. + +A key thing to know about delta is that it is not constant. It varies based on the changes in price of the underlying stock. In fact, as you can see in the chart below, delta is lowest for deep out-of-the-money calls, and highest for deep in-the-money calls. + +&#x200B; + +[Delta as a function of strike price \(the strike here is $300\)](https://preview.redd.it/fds5k58a6gl61.png?width=242&format=png&auto=webp&s=b5e2d94357b54a0057aadc2e890ee1dccf26924c) + +Without going into too much technical detail as to why, just note that this makes intuitive sense. If a stock is worth $100 and you have an option to buy it for a strike of $1 (deep deep deep in-the-money), then that option should be worth \~$99 and basically move exactly in tandem with the stock (i.e., have a delta \~1). Whereas, if you have an option you paid $1 for, which gives you the right to buy that same stock for a strike of $1,000, delta has to be very low. Otherwise (say delta was 1), every small 1% change in the stock would cause your option's price to double. + +**Gamma** + +*Gamma* is closely related to delta. Gamma represents how much the delta changes as the underlying stock moves up or down. So, in the chart above, gamma is the slope of the curve (In fact, if you know calculus, the simplest explanation of delta and gamma is that delta is the first derivative of the option price with respect to the price of the underlying stock, and gamma is the second derivative). + +While delta is highest when calls are deep in-the-money, gamma is actually highest when calls are exactly at-the-money. You can see this by noticing that the slope of the curve in the graph above is steepest at exactly the strike price ($300). This slope is gamma. + +The graph below shows this even more clearly. The red line is delta, and the blue line is gamma. + +&#x200B; + +[Plots of delta and gamma for a call option with a $25 strike price](https://preview.redd.it/bbvos2md8gl61.png?width=670&format=png&auto=webp&s=b21bdf2bd9d662d2347e84175b69c211c23ee785) + +**Delta-neutral strategies** + +Ok, now we're ready to understand how market makers hedge. Market makers employ [delta-neutral](https://www.investopedia.com/terms/d/deltaneutral.asp) strategies. This means that their overall position will have a delta of zero with respect to the stock price (a stock always has a delta of 1 with respect to itself of course). So how do they do this? + +They do this by selling you a call option, and then buying just enough shares to maintain a delta-neutral position. They then constantly adjust their position, buying or selling more shares as the delta of the option increases or decreases. They can do this because they are large institutions who can trade quickly with little cost. + +The best way to understand this is with an example: + +$GME is currently trading at \~$137. You buy the Mar 19 2021 $150 call option, which is currently trading for $26.73 and has these greeks: + +&#x200B; + +[GME Mar 19 2021 $150c](https://preview.redd.it/3p5vr652agl61.png?width=696&format=png&auto=webp&s=6eefca1ecde4ae4c76f5d4c870212b5b48c3402e) + +A market maker takes the other side of this trade. When they sell you the option, they now have a delta of -0.498 for each option, and since options contracts trade in groups of 100, their overall delta is -49.8. Let's call is -50 for simplicity. + +In order to be delta-neutral, they need to balance this position with securities that have a delta of 50 with respect to GME. The simplest way to do this is buy shares. Each share of GME has a delta of 1 with respect to GME. So the market maker buys 50 shares of GME. Now their overall position is this: + +*Position = 50 x (GME shares) - 1 x (GME Mar 19 $150c options contract)* + +and their overall delta is *-50 + 50 = 0* + +There are two important things to note about this: + +(1) The market maker wasn't forced to buy 100 shares of GME, like I've seen many users on here claim. Instead, they will only buy 50 shares. + +(2) Your trade cost you *$26.73 x 100 = $2,673,* and caused the market maker to buy *$137 \* 50 = $6,850* worth of GME shares. This is approximately 2.5x leverage. + +**Market maker repositioning** + +Remember that, as the stock price moves up or down, the delta of the option that the market maker sold you changes. The market maker wants to maintain a delta-neutral position, so they will rebalance their position by buying or selling shares. + +Let's continue with the example above, and assume that GME has gone up $2 and now trades at $139. According to the greeks in the table above, the new delta of the option will be approximately *0.498 + 2 x 0.0077 = 0.5134.* Remember that there are 100 options in a contract, so the delta of the contract is now *51.34*. If the market maker maintains their initial position of 50 GME shares, they will end up with a delta of *-1.34* with respect to GME. To avoid this, they need to purchase 1.34 shares of GME. + +Market makers will thus constantly adjust the number of shares they are holding in order to maintain delta-neutral positions. They incur some cost doing this, because the more volatile the stock is, the less quickly and efficiently the market makers can hedge. But they still make money overall, because they've charged you a premium for the option that takes this into account. This is why they charge you a higher premium for volatile stocks. + +**Gamma squeezes** + +Now we are finally in a position to discuss gamma squeezes. Now that you understand how market makers hedge, the rest is very simple. As the underlying stock goes up, market makers that have sold you call options will buy more stock in order to maintain a delta-neutral position. The amount of stock they have to buy is proportional to how much the delta of the options changes, which is just gamma. And gamma is at its highest when options contracts are at-the-money. + +And so, when there are a ton of call options on a stock, price increases in the stock cause market makers to buy even more of the stock, and the rate of buying is highest when the option contract is at-the-money. *This is the gamma squeeze.* + +Notice that the inverse is also true; when the stock price decreases, the delta of the options decreases, and market makers sell stock in order to maintain delta-neutrality. + +**Epilogue: a note on leverage** + +Now you understand gamma squeezes and how market makers hedge. You can actually use this information to determine exactly how much share buying you are causing when you buy a call option. Using this and the option price, we can actually calculate how much purchasing leverage you have when buying an option. + +The formula is this: + +*Purchasing leverage = (delta \* (stock price)) / (options price)* + +For example: + +&#x200B; + +*Options contract 1: Deep in-the-money* + +*March 19 2021 40c: $101 price, 1.0 delta* + +*Purchasing leverage = (1 \* 137) / 101 = 1.36* + +&#x200B; + +*Options contract 2: Deep out-of-the-money* + +*March 19 2021 300c: $8.15 price, 0.0283 delta* + +*Purchasing leverage = (0.0283 \* 137) / 8.15 = 0.475* + +&#x200B; + +As you can see, some deep deep out-of-the-money options are currently selling at such a high price that some of them actually have purchasing leverage of less than 1x. This is really unusual, but shows how volatile GME is. However, options that are closer to the strike price but still out-of-the-money still have high leverage, like the $150 March 19th options with 2.5x leverage. I haven't calculated which options have the highest purchasing power leverage since that's a lot of number crunching for a Saturday morning (but maybe someone in the comments can?) + +Anyway, do with this information what you will WSB. Godspeed + +*\*Disclosure: this is not investment advice. Also, hell fucking yeah I've got call options on GME.\** +Currently my wife and I each put a defined amount of money in a joint account each month, and then use that money to pay our Morgage, bills, food, etc... We then each retain a personal account we use to buy personal stuff (clothes, gifts, car payments, etc) but I also know a lot of people who don’t even have their own account... everything is joint with their husband/wife.... Curious what systems other people use +Hi, I had a big exit a few years back and am going stir crazy. I’m really curious to know what routines, structures, time management etc people use so that they make time for the things they enjoy (or to investigate what they may be). I did have my own office to escape to once. Had its benefits but felt a bit lonely at times. Am considering getting one again. + +I spend my time on the following and I’m probably too responsive to all of it - the wealth takes a bit of management, I’ve got a portfolio of a dozen or so rental properties (managed by an agent but still a pain), ongoing development of my own house, if I stay at home I pick up task after task from my wife and kids (some of which is perfectly reasonable of course). + +Sometimes it can feel like a full time job I never consciously applied for and which I don’t like as much as running my business previously! + +All thoughts and ideas gratefully received. + +Thank you. +Hey Fatfire community - I post here occasionally, but am using a throwaway as my main account might make it possible to identify company. + +I have negotiated a verbal agreement with founder of my company for a % equity stake and we are meeting on 1/27 for yearly meeting, where I will be requesting that we get everything in writing. For those of you that have done this before, what are the nuts and bolts of getting a verbal agreement on paper? Does this require a new employment agreement, do I have to get a witness/legal help? + +&#x200B; + +Thanks in advance +Given the benefit of Roth IRA and 401ks is that the investments grow tax-free, they are perfect for investment vehicles that yield returns that would otherwise incur hefty tax bills. The area I'm most familiar with people leveraging here are REITs, but I'm curious if others in the /r/fatfire community have other more interested and less well known strategies. + +Edit: Thanks for everyone's input so far. I did somewhat misspeak in my recommendation request: I'm really looking for investments that are tax inefficient and therefore would benefit specifically from being in a tax-advantaged account. Less looking for inherently risky investment vehicles like crypto, since there's really no increased tax burden versus other investments. +Hey everyone, + +&#x200B; + +I've seen a lot of comments and questions regarding the recent taper and pullback in the equity markets- there's a lot of confusion here so I want to clear this up. + +&#x200B; + +**Ok, so you've heard the Fed is "tapering" QE. But, when you look at the Fed's Balance Sheet on FRED, you see that there was a massive jump in assets in the start of the pandemic, and then a gradual increase since around May/June 2020, when the Fed announced $120B a month in asset purchases. It's still increasing- WTF is going on??** + +&#x200B; + +(what is QE? Quantitative Easing is another term for the Fed's program of buying securities, (mainly Treasuries and MBS, but also included some Corporate Bond ETFs in 2020) using funds that it creates out of thin air. These new dollars are used to buy Treasuries from Primary Dealers and Broker Dealers, putting cash into their institutional bank accounts (called bank reserves) as well as indirectly putting money into the coffers of the United States Treasury. The process results in more liquid cash in the system and fewer treasuries/MBS, which is a large part of the reason why the Fed's RRP facility has exploded in recent months as I outlined [here in my post "Major Signals Flash Code Red in Shadow Banking System"](https://www.reddit.com/r/Superstonk/comments/oxsde3/major_signals_are_flashing_code_red_in_the_shadow/) ) + +&#x200B; + +https://preview.redd.it/1t13y48mgoc81.png?width=971&format=png&auto=webp&s=447388128e3a7365b5ba638f4b5f92d86d7fc8b2 + +This QE program, initiated in March 2020 in the midst of the initial chaos of Covid has been termed **QE Infinity** due to the fact that the Fed did not announce a cap on the total size of the program as they have done with others. This was also the most aggressive easing in history, outpacing 2008 by a country mile and sparking inflationary fears among economists and market participants (although unsurprisingly not by the Fed economists or governors themselves). + +&#x200B; + +The Fed continued this program all throughout 2020 without much effect on the economy, except to send equity, bond and asset prices much higher. No inflation was seen (due to lag effects and extremely low monetary velocity, economic contraction from Covid) and so all was fine. + +&#x200B; + +Last year, inflation prints started to climb and put more pressure on the Fed and policymakers to let up on the liquidity firehose that was dousing the economy with cash. + +&#x200B; + +The Fed announced that in mid November and December it will reduce the amount of Treasury securities purchases by $10 billion and mortgage-backed securities by $5 billion. It expects to continue that pace in the months ahead, meaning it would phase out the bond buys completely by next June. The Fed doesn't stop them all at once "to avoid jolting financial markets and sending (market) rates higher than they would (naturally) be," + +&#x200B; + +What does this mean? Basically the Fed knows that the market is sick and addicted to the drug of free money and low interest rates. If it attempts to shrink it's balance sheet, the process is reversed and liquidity will be drained out of the system, causing deflation and a rapid equity bear market (as I outlined in depth in [Dollar Endgame Part 4.2, here](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/)\- basically, it is my belief that the Fed understand that they are trapped and have no easy way out, they either tighten and cause a deflationary collapse or loosen policy and add to the already raging inflation). + +&#x200B; + +Anyways- back to the so called "Taper". So in November 2021, the Fed was planning on tapering (reducing) the amount of QE by $15 Billion a month, which would have meant that the taper program would end roughly by June 2022, and the Balance Sheet would sit at just over $9 Trillion. + +&#x200B; + +**Monetary economics has some convoluted words- and "taper" is one of them. Taper most simply means to reduce- Tapering QE is NOT THE SAME as Tapering the Balance Sheet. Remember, QE is the NET INCREASE in the Balance Sheet, not the Balance Sheet itself- thus, reducing QE means to buy LESS overall assets, but you are STILL buying Assets. Thus, the Balance Sheet will still increase, just at a slower rate. Once you taper the QE program down to $0, then the Balance Sheet will flatline, and no longer increase.** + +&#x200B; + +&#x200B; + +https://preview.redd.it/jywle6qjloc81.png?width=676&format=png&auto=webp&s=6c84aea88d5235fe37ad8a07918fabb20fa5a223 + +&#x200B; + +**Imagine you on a camping trip, and you see a guy pouring 10 gallons of gasoline on a bonfire every hour to keep the fire raging. "That's a fire hazard!" you exclaim. You're going to burn down the forest!"** + +**"Ok Fine!" he responds. I'll reduce the amount of gasoline I pour on the fire by one gallon every hour, that will solve the problem!"** + +**This is essentially what the Fed is doing. Instead of putting water on the fire (Tightening, or Tapering the Balance Sheet), they are just going to pour LESS (Taper QE) gasoline on it, in hopes that inflation won't rage out of control. And equity markets will still roil because they have priced in 30% Balance Sheet growth every year, so if the balance sheet only grows by 10% this year stock prices have to fall to meet that growth rate.** + +&#x200B; + +If the Fed stops QE, the markets will flatline and likely start gradually declining. If the Fed actually Tightens (QT), and reduces the Balance Sheet, equities would likely enter freefall, like they did in December 2018, the last time the Fed tightened. I covered this in depth in Dollar Endgame Part 4.2 + +&#x200B; + +In December, after the horrible November inflation print, the Fed got even more pressure to do something quickly to put out the raging fire. They ramped up the pace of the taper, to $30 Billion a month, meaning that the QE program would be down to $0 in new purchases by March 2022. + +&#x200B; + +**Tapering QE looks like this now: (QE= NEW PURCHASES, OR NET INCREASE IN BALANCE SHEET)** + +**November 2021: $105B in QE (-$15B from month before, initial taper begins)** + +**December 2021: $85B in QE (-$30B from month before, taper accelerates in Dec)** + +**January 2022: $55B in QE (-$30B)** + +**February 2022: $25B in QE (-$30B)** + +**March 2022: $0 in QE (-$30B)** + +&#x200B; + +https://preview.redd.it/anjj655gpoc81.png?width=646&format=png&auto=webp&s=0a5145ca073c01c533f42dcafa28e73f73f8fae6 + +[Source](https://theconversation.com/what-is-the-fed-taper-an-economist-explains-how-the-federal-reserve-withdraws-stimulus-from-the-economy-173792#:~:text=The%20U.S.%20central%20bank%20began,%24120%20billion%20to%20%24105%20billion.&text=Rather%20than%20%2415%20billion%2C%20the,new%20assets%20by%20early%202022) + +&#x200B; + +**Ok, so the Fed initially was going to finish tapering by June and now, on the accelerated schedule, will finish by March (likely Mid march). What will happen?** + +&#x200B; + +# Inflation: Likely stay elevated, if not increase even more. Inflation typically has momentum, similar to inertia, and is very difficult to stop. The Fed tightened extremely hard in 1980 and 1981 and inflation did not come below 7% until several years later. Remember, the Fed today is STILL printing $, just fewer of them. + +&#x200B; + +# Equities: Likely slow bleeding as they have to re-price for higher interest rates and less monetary growth. Their correlation coefficient with the Fed's Balance Sheet is almost 1 (most studies I've seen put it between 0.86 and 0.94, meaning an almost 1:1 correlation with the Fed printing money and equity markets moving up.) + +&#x200B; + +# Bonds: Yields at the short end of the curve have already begun spiking hard, with some durations above pre-pandemic levels. This is not a good sign this early in the taper program, as it signals that the bond market is skittish. + +&#x200B; + +# Interest Rates: Interest rates will rise (falling bond prices=higher rates) across the board. Mortgage, auto loans, and lines of credit will become more expensive to finance. This also means higher borrowing costs for the US Government, which they will finance by selling MORE Treasuries, accelerating the growth in our National Debt. + +&#x200B; + +# Economy: Higher interest rates paired with high inflation will be a drag on our economy and likely drag some overindebted companies into bankruptcy. Fewer homes will be bought, causing a crunch in housing markets. + +# + +Is this necessary? Well yes- the Fed has to try something, to attempt to not appear intentional in causing rampant inflation and adding to wealth disparity by pumping up stocks (most of which are owned by banks, financial institutions, and wealthy Americans. + +&#x200B; + +The issue is it is likely that this road is the wrong one- the Fed has painted themselves into a corner by doing QE for so long, that they pumped up equity and housing markets and created massive inflation. They face no easy choices. This is just an attempt to slowly try to ease out of the bear trap they are caught in. + +&#x200B; + +Conclusion: + +**The Fed is printing less money every month, but they are still printing money (at least until March). It is likely that Bond markets will not respond well to the withdrawal of Fed support and we will see significant turmoil there. There is still $1.5 T in RRP facility that can be pulled out, so that will buy the banks and money markets some time, but I expect that the Fed will have to restart QE 4-6 months after they end the Taper in March of this year.** + +&#x200B; + +BUY & HODL GME + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +Dollar Endgame Part 4.3 is COMING SOON! I am still writing it, please forgive me for the time lapse as I was busy with the holidays and family. I can assure you I have not forgotten about this series. See the first installment [HERE](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +&#x200B; + +You can follow me on Twitter here: [https://twitter.com/peruvian\_bull](https://twitter.com/peruvian_bull) + +&#x200B; + +^(Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.) +Pre-release games could be voted on if you own the NFT, so early customers could have some say in games they're excited about. + +Existing tournaments could be customized or set up in a similar way. + +Reality TV opinions could be taken in an instant. As well as other social media opinions but without interference from bots. + +Employees could vote on company decisions. Shareholders already do but it could be made easier. + +Parties could have very accurate primaries that give extra weight to people who have voted before, and received the "I voted" interactive NFT. + +Just some random ideas. +https://www.businessinsider.com/tesla-hit-model-3-target-by-reworking-thousands-of-cars-2018-8?r=UK&IR=T + +>Of the 5,000 Model 3s that contributed to Tesla's end of June manufacturing target, about 4,300 of them required rework, according to internal documents viewed by Business Insider. + Within the auto industry, cars that make it through a manufacturing process without requiring rework are part of a factory or line's "first pass yield (FPY)." That means the factory had a first pass yield for vehicles as low as 14% during the last week of June. An industry expert told Business Insider that good auto plants have a first pass yield of about 80%. A Tesla spokesperson said the number of labor hours required per Model 3 has decreased by almost 30% since last quarter. +My husband died suddenly a few weeks ago and I have no idea what to do about the finances. We were married for 22 years and I’ve been a homemaker the entire time. My husband was very controlling and I had zero access to anything financial, not even an ATM card. His main bank account is only in his name (the bank couldn’t give me many details but did tell me most of the account will be used up when they close his credit card account with them) as is our mortgaged home. His employer tells me there is a 401K worth about $14k before taxes, and the bank has informed me there is an IRA (of which I am sole beneficiary) worth about $69k. He did have a small life insurance policy through his employer, but it paying out is in doubt depending on what date the medical investigator’s office decides to put on the death certificate so I’m not counting on that. + +I currently have zero income and my resume is sparse after so long out of the workforce. I know we will likely lose the house, but I’m trying to make the wisest decisions possible to minimize what we’ll lose in taxes from the retirement accounts. I am currently enrolled in community college and the plan was to start nursing school in January, so my immediate goal is to keep our household going as frugally as possible and look into financial aid to continue with school. Most things are on hold until his death certificate is issued, but I’m trying to do the research now so I know what to do when I’m asked to decide how to handle his IRA. The 401K will be disbursed in a lump sum, minus the tax withholding. + +I’m embarrassed to say that I don’t even know what questions to ask. I’ve reached out to my college for emergency aid and started the financial aid process. I’ll apply for survivor VA benefits (husband was retired Navy) once I have the death certificate, but that won’t be much. If anyone here has advice for where I can look for help, preferably low-cost or free, I thank you. I am terrified of making the wrong decisions with the limited resources I have and everything is mentally and emotionally exhausting right now as I juggle grieving, supporting my children through this, the financial realities, and trying to finish my semester of school without torpedoing my grades. + +Edited to add: I think I've answered all questions and replied to suggestions. Thank you to everyone who put effort into trying to help, and I'll be looking into the resources people have suggested. I know my situation is extreme and probably doesn't make much sense to anyone looking from the outside. I wish it were different, but I have to deal with things as they are. I'll keep watching the thread, but may take a while to respond as I have a bunch of phone calls to get through today. +An elderly relative of mine has saved a large sum of money over the past 20 years - this is their own money that they withdrew from the bank and kept at home. They have hidden this at home and everything is in £20 notes. They do not want to deposit this money at the bank because of issues relating to trust. Can someone please advise how they can convert the old £20 to the new £20 notes? +I own a house on a piece of water in New York. I live in a low cost of living area where the only people who really can afford houses over 100k are the ones who work in my industry. 2 years ago I bought a house for 200k, with a 160k mortgage. The woman who owns the acre lot next to me has come to and offered me first rights to buy it. She is saying she bought it for 40k years ago and had power and water put into the site and that it is permitted for building but nothing is on it. The problem is this. Based on where my house is on my property line if anyone built there it would basically be 20 feet from my house and destroy one of my views. But I probably will be leaving the area in the next 5-7 years for work. Is it worth it to buy the land to protect the cost of my current home. It will almost double my lot size. The GIS map says that it's accessed at 35k. What should I do? + +Edited to add more info: she's asking 50k for it, taxes would be about a grand, and I would be paying cash. +On $GME options most of the trading has been traded broker to broker. It will add to OI if it is opening a new position to both parties. If it is closing a position for both parties it will decrease OI. If one party is adding to a position and another closing OI doesn't change (position remains open, but no new added, one party has just passed on their position essentially). We can see here in Market Chameleon the adding or subtracting of OI at different expirations. I'm still trying to wrap my head around why there is so much OI at the $0.50 teenies (Especially since $GME is debt free), why bet on bankruptcy at this point? Also the consolidation of Deep OTM call OI (Are all MMs or HFs just gambling?) Or do these combination of positions serve a specific purpose the the underlying stock? Will this OI continue at these strikes and eventually turn into positions on the tape or will they adjust and close positions prior to the date of expiration and decrease OI? Here's a few options charting I've done with $GME. + +&#x200B; + +[ ](https://preview.redd.it/0kfha1qn2sf71.png?width=1580&format=png&auto=webp&s=846e8caabae5f96b02d8106964653838f0ad518e) + +&#x200B; + +[ ](https://preview.redd.it/4q6qrp4v2sf71.png?width=1587&format=png&auto=webp&s=c4193f55e728bbcf7fd8c149172204e7a9fb090f) + +&#x200B; + +[$GME Options over time ](https://preview.redd.it/vfl4rmcz2sf71.png?width=1595&format=png&auto=webp&s=3df4ba5d572dc6be6b12d6b27c84dc7eae21540e) + +&#x200B; + +&#x200B; + +[Call\/Put volume over time with stock price ](https://preview.redd.it/nxa6ke263sf71.png?width=2627&format=png&auto=webp&s=68cc46c35fc36fc00a388654e12c21e227a84ab4) + +&#x200B; + +[Increase in Call\/Puts over time Q1 2017 seems to be start ](https://preview.redd.it/7dw185dd3sf71.png?width=1442&format=png&auto=webp&s=dccbaf0aa5661fd579878d20fd780ed8bc382082) + +&#x200B; + +[Put\/Call Ratio and in Orange: Puts \(negative\) and Calls Positive -\> Larger Value ](https://preview.redd.it/3u6veggm3sf71.png?width=1463&format=png&auto=webp&s=dfc3a84bf956d2a37dae8a474f59e5ac5e771ee6) +Unlike the bank (or anything we’ve previously known), with the Lightning Network the other party can’t decide not to give you the money they owe you. A blockchain confirmation will always set the record straight. Unlike the bank, the Lightning Network involves zero trust in the other party to give you your funds. + +https://www.investopedia.com/terms/c/counterpartyrisk.asp +So I've just sustained a paper loss of 5k over the last 3 weeks, the DJ has plunged 30% (29300 to 20180) in a month, S&P about the same, everyone seems to think there's way more to come. + +But I'm feeling really okay? It's not just me, a lot of my mates who've lost similar amounts in the stock market are just brushing it off or memeing about it, if anything it seems everyone is excited for a discount buy. No one seems to be concerned about losing their jobs, and I'm talking about a diverse pool of industries: doctors, tech, investment banking, law, MBB consulting. I suppose the tech guys are moaning about contracting jobs drying up but they were pulling 800 a day so have a good amount saved up. + +It's not just me though, FIREUK, FIRE, FatFIRE, and the normal personalfinance subs seem to have people comfortably riding it out and waiting for a discount. + +Is this just because everyone's learned their lesson in 2008? That we just believe 100% that the stock market will rebound to far greater heights? + +I was only 16 when 2008 happened but I remembered people losing their jobs, banks going bankrupt, a LOT less horsing around. + +I'm actually a FTB looking to buy in London as well and I'm not even sure prices will drop anymore. + +Any thoughts from those who've experienced the 2008 crash? +Coming from a low SES background, I've always been stingy with money. I was very dependant on Youth allowance for basic things (transport, food, uni textbooks etc.) as parents couldn't provide much beyond the rent/bills (and even then I contributed some of my youth allowance and when I got a casual job, contributed that as well). + +Well my circumstances have changed a lot since only a short time ago. I'm 22 and live alone now (mostly due to family problems, but I prefer the independence anyway). I work full time on a relatively good salary ($75k) and am completely independant. I have around 35k in savings plus around 5k in ETFs, planning to put more. I'm so grateful to have so much freedom financially compared to before where anything beyond a necessity I would not dare to consider. + +In these improved circumstances, I'm still quite stingy. I have loosened up a little with spending, but I feel a lot of guilt. + +Generally when I get paid I put 50% into savings, 25% goes for rent, and the remaining is everyday stuff and other bills (groceries, opal card etc). Some variation but that's roughly my expenditures. + +Recently there have been a few things I've been wanting that are pricey. One of which is $250. Not a need at all. Completely for leisure/luxury purposes. I think about it every time I go to the shops. I think, "Should I buy it? No, it's so expensive. You don't need it. But it has these nice features... No, it doesn't matter, you don't need it, don't waste your money." + +I don't know how to make these decisions. I feel a lot of guilt. I'm also afraid that if I start buying more expensive things, I will get used to the luxury ("lifestyle creep") and start spending more in general. + +Has anyone experienced this, and what is your personal viewpoint? +How is everyone feeling about the rising cost of living? + +For me, I'm concerned. We picked a bad time to refinance and renovate. We are still proceeding with the renovations, but have adjusted our plans for some things to cut costs. We are also on a variable loan. I would have fixed months ago if it wasn't for our Reno's (it took 6 months to get the refinancing argh). I honestly don't know if we will fix our mortgage as it will be October at the earliest we would look at it and I fear the fixed rates won't be worth it. + +Then there's fuel. That's...ouch. compounded by road closures and detours in my area due to major works occurring that doubles my travel to work and uses more fuel. + +Then...there's food. The prices are increasing across the supermarkets and packaging sizes are decreasing. I work for one of the big 2 and I literally see it everyday. + +Bills across the board are increasing. + +I am very worried about what the next 2 years will look like. + +What are you thoughts, concerns and fears for what's to come? Does anyone have any positive incite to add? +I know this sub loves to talk about property falling and it certainly is, especially in the premium price bracket and apartments. + +Is anyone seeing any falls in the sub-600k range though? Looks like it hasn’t budged - is there any hard data out there? +Good morning all, + + I'm a professional derivatives trader for a wall street bank and I get amused/annoyed when I see people call every price move "manipulation." Actual manipulation is common in all markets, but is generally responsible for just the tiniest percentage of price moves and occurs for reasons that would surprise you. + + Most markets (including bitcoin) are driven in the short-term by imbalances between buyers and sellers. Some of these imbalances are purely coincidental. For example, maybe an early bitcoin adopter wants to buy a mansion so they decide to sell 20,000 coins. Unless there's a buyer ready that day to make a big purchase, this will send the price lower, perhaps substantially. And of course it's not about one seller or one buyer, but sometimes instead of 1000 buyers and 1000 sellers, you'll have 1300 sellers and only 700 buyers for a few days. After the price drops, people notice the lower price, think about it, and may decide to buy more. Most buyers and sellers aren't sitting in front of a computer poised to trade though, so there is a time lag. People also underestimate the "humanness" of markets. Over my career, I've occasionally misclicked on my computer screen and accidentally bought or sold 10x as much size as I intended causing the price to immediately move sharply. I've done this in japanese equities, utility options, and other markets, and most traders have made similar mistakes. + +Additionally, no one knows the "fair" value of bitcoin (or any other asset.) When the price swings from $550 to $600, it doesn't necessarily reflect new information or new opinions. It may just be "noise" occurring within the broad range that the market thinks is fair value. For example, if most bitcoiners think bitcoin is fair around $600, large amounts of money might step in to buy at $450 and large amounts to sell around $900, and any swings in between can occur on low volume. + +It's not easy to profit from manipulation. Transaction costs are substantial and it's risky; what if you sell bitcoin to force it down but a big buyer steps in immediately after? To profit, you need to be very confident that 1. You will be able to move the price substantially, and 2. You will be able to trade much larger size in the opposite direction. #1 is easy, #2 is very hard. + +So, when the price moves, first ask, "is there new information?" But most of the time, it's just unknowable randomness, aka "noise.' + + +*edit: To clarify something a lot of commenters are talking about - a very common form of manipulation is the triggering of stop limit orders. It goes something like this: you think there are stop limit orders at $80 in crude oil and the current price is $80.15. So you sell crude down to $80, trigger the stop losses which push it down to $79.70, then buy back your crude. With transaction costs and slippage, you might make $0.25 (out of the $0.45 move) if all goes well. The reason I call this trivial is because the entire thing happens in a few minutes (or sometimes in hundredths of a second with algorithmic trading), and the "manipulator" is first selling then buying so the price is likely to end up around where it started. In BTC this might cause a $30 price swing since it's so thinly traded, but it wouldn't cause the price to shift long-term. It might cause a sharp spike in a chart, but has no impact after a few hours. +They threw WSB under the bus for doing exactly what they do, except from a buyer lens. They bashed us in the media. They shut down the WSB discord. They manipulated the market by making deals with trading platforms to screw us over. + +Our payback - BUY AND HOLD AMC/GME/BB/NOK. We'll squeeze through. We have the world's eyes on us, we have class action lawsuits started, we're in every media story. Now discord's come around, WeBull's come around, many celeb's/government officials have come around. + +This is MOMENTUM!! WE LIKE THE STOCKS! WE WILL SQUEEZE AND 🚀 🚀 🚀 TO THE MOON. +First let me just say, HOLY SHIT. What a fucking rollercoaster ride. We opened near $105 and closed at $120.40. We are progressing so much quicker than I had anticipated and soon will reach our goal BUT that is contingent upon people believing in this company and its vision for the future. + +To all the 🌈🐻 out there still shilling. We understand you've lost so much money with those puts and all I can say is LOL. + +But seriously, get off your high horse and look at the bigger picture here. There's no point anymore in trying, the data is clear, GME is continue to rise and no matter how many puts you place, how many shares you short, you can't win. + +For the rest of my 💎 ✋ this is make or break for the rest of the ordinary people out here. We either go down in history as fucking legends who shook Wall Street with the sounds of our newly paid off Lambo exhausts or we go straight to the welfare line. + +No matter what happens, I'm glad to be in the fight with you all. + +136 @ 75 +Weve been reading DD, opinion pieces and doing our own research. What were seeing is what we expected, a drive to lower the price and shake off the paperhands. +It has been discussed at length that this is what they have to do in order to cheapen the cost of them covering their positions + +I also saw a number of posts/tweets warning us about today after the crypto dump over the weekend. Robinhood had technical issues, again, preventing anyone from selling when shibaibucoin took a dump. + +Seriously guys how is anyone still using that platform thats got to be some sort of masochism at this stage. +Theres two posts from IT guys suggesting their claims of technical issues are more than just a little suspect + +https://www.reddit.com/r/DDintoGME/comments/n8youe/last_warning_from_a_technical_architect/?utm_medium=android_app&utm_source=share + +This is ALL great news, why? because were reading and predicting their plays correctly. Looking forward to the week ahead. I dont think ive ever been more relaxed since the 40$ days. +**Discovering my core values** + +I was born and raised in an upper-middle income family in Mexico City under catholic values but turned agnostic as I grew older. I kept the values that made sense, such as the importance of charity and giving back, and threw away the ones that were outdated, such as the focus on guilt as a motivator of change. + +As a kid, I remember how conflicting it was to see other kids working in the streets, starving, drugged, and abused. I couldn’t understand why they couldn’t focus on their education the way I did. That planted a seed in my spirit that still grows. + +**Seeing in economics hope** + +As a teenager, I entered the rabbit hole of economics with hope. Economics seemed to be this mystical force capable of solving the world’s biggest problems: poverty, corruption, global warming, and many more. I knew that the way we were doing economics was wrong and I wanted to change that. + +Just think about the horrible things that have been done under the name of communism, such as the Cambodian genocide, or how the United States, the crown jewel of capitalism, makes of fundamental rights, such as healthcare and education, profitable businesses instead of granting everyone equal access to them. + +While studying my undergrad, I quickly fell out of love with the idealistic idea of economics as an almighty force that can conquer all evils. I saw how economics was often used as an excuse to force simplistic representations of culture and society into complex problems. I never understood how that approach of thinking about problems in a vacuum could be useful. + +**Understanding the power of financial services** + +Later in my life, while working as a consultant for McKinsey, I finally understood the importance of financial institutions. They decide who should do business and have access to goods and services and who shouldn’t. And financial institutions don’t grant everyone that right. It was clear to me that that was a problem that needed fixing. That’s why I devoted so much time studying this industry back then. + +I came to Berkeley to Business School more out of inertia than out of will. I was sponsored by McKinsey and had an offer to go back. I didn’t know exactly what to do with the experience, but I knew I wanted to keep exploring financial services. During my MBA, I heard about Bitcoin in a serious academic environment for the first time and it immediately caught my interest. + +Via Berkeley-SkyDeck, UC Berkeley's accelerator, I heard about lastbit (lastbit.io) for the first time. I read everything I could about the project and about the founder, this cool, heavy-metal lover, who wanted to change the world with the disruptive power of Bitcoin. I could see myself in him. I had to meet him. After failing to meet him in person at an event, I just cold emailed him praying for him to answer. He did. + +That’s how I came in contact with Prashanth for the first time, this impressive 25-year-old genius who managed to get Charlie Lee on board of his project with little more than a prototype. There’s a reason why he managed to do this. Today Bitcoin is almost impossible to spend. With Prashanth’s his solution, anyone will be able to swipe a card or tap their phone and pay with Bitcoin instantly anywhere where they are able to pay with their credit card today. Something not so long ago possible only in bitcoiners’ dreams. Through Prashanth I finally understood what Bitcoin really is. It blew my mind. + +**Unveiling the real meaning of Bitcoin** + +Bitcoin is not an investment asset, it’s the possibility of a new social contract. Bitcoin is a decentralized, transparent, and auditable network to store and transmit value to which everyone in the world can have access to. This presents a real opportunity to redefine money, which today is inherently centralized, first by central banks, and then by financial institutions. The centralization of money has at least three critical problems that Bitcoin solves. + +First, there is a macroeconomic problem that has to do with monetary policy and that today with the COVID-19 economic crisis is more relevant than ever. Money is supposed to be a reflection of real economic value, but some central banks print money arbitrarily. Bitcoin’s monetary supply is limited by design. Second, centralized financial services are discriminatory and don’t allow free access to everyone. Bitcoin is universal and free. This means that for the first time in human history, everyone will be able to participate in the global economy. And participation is the pillar of democracy. Third, central authorities control private information. The recent attacks to high profile account on Twitter illustrate how vulnerable private information is when stored in centralized networks. Bitcoin allows people to have full ownership and control of their personal and financial information, protecting both their identity and their wealth. + +As such, Bitcoin emerged in front of my eyes as a way to instrument basic democratic principles in a way in which everyone can have equal representation. Money as we know it will soon be a thing of the past because money as we know it not fair nor egalitarian and now people can choose. + +I had to quit McKinsey. I had to leave Mexico. I had to stay with lastbit. I had to give this project my all. +I just wanted to say thank you to everyone who contributes and engages in this sub! +I stumbled across this sub and a bunch similar a few months ago and I've been lurking around learning bits and pieces. + +Well this morning I got to achieve something that I wanted to do for a really long time now, and the things I learned on this sub are largely responsible. + +I got a call from my Mother this morning asking if I could lend her some money as dad's been out of work for a few weeks and they just heard that he's going to be out of work a bit longer. They are not in a good place financially but they are working very hard at fixing this. + +Anyway, I was able to ease her concerns and happily transfer her even more than she had requested, and I felt truly grateful for being in a position to help the parents who gave me so much. + +For context I moved out of home on my own about 8weeks ago with not a lot of savings, so they didn't think I would have any savings but I'm glad I could surprise them. +It's nice to know I can help them out and still have enough savings to not have it hurt me. + +So yeah. Thanks everyone for all that you've shared. +I read so many posts about people jumping right into trading/day trading and lose big very quickly and feel it could have been avoided or at least minimized. The feeling of having money on account and ready to trade can be very tempting and thoughts of the money you are missing races through your head. FOMO kicks in. Regardless of the hype, there is no perfect trading strategy or silver bullet for investing, it's about finding your style and comfort level. Instead of asking for the answer look for the right questions to ask. Do your homework, do your backtesting, hit it hard. The market dynamics change minute-by-minute so you don't want to be in a constant cycle of asking what to do. Setup a paper trading account and once you can trust your instincts with play money you can confidently step into the arena of live trade. Good luck, it's BRUTAL out there. +Just a warning: My husband, kids and I got on SNAP in Illinois about 2 years ago when we were struggling financially. Now they are coming after us for $3k in "over payments " citing that I never disclosed my husband's job or income. It's complete BS as I had to send in copies of his pay stubs when I applied in the first place...but since I cannot "prove" that I sent in his pay stubs, it's my word against theirs. Basically someone lost some paperwork and now we have a $3,000 debt to the government for FOOD STAMPS. If we don't give them $500 next month and then $50 a month in payments, they will come after our tax return, garnish our wages or send the debt to collections and ruin our credit. We received about $120 per month in SNAP, barely a week's worth of groceries, for a $3k debt. Really NOT worth it. If you are in Illinois, please be aware of this. They are really cracking down and it may be more trouble than it's worth. If you do apply document everything! I mean everything. I went to the DHS office today to try to get some help on this and heard the same from others owing "over payment" debts because their income increased by $10. Naturally no one was available to talk to me and I was told to come back at 7AM and wait, hope and pray that they don't reach "full capacity" before anyone can help me. I just want everyone to know this. I had never heard of owing money BACK for food stamps before. Be careful! +So I called this morning to get my Fidelity shares completely DRS’d. The guy I talked to was really kind and honestly one of the biggest bummers about this whole thing is I’m going to miss their customer service, they really were the best of the best imo. Anyways the call went like this: + +Me: “hey good morning!” + +Fidelity: “Hi good morning I see you’re calling about stock certificates. I’m assuming you want to DRS all of your GameStop shares?” + +Me: “You must have done a ton of these calls, yep that’s exactly what I’d like to do thank you. Have people been registering all their shares lately?” + +Fidelity: “Just about every call yep. I’m going to put you on hold while I confirm everything.” (5 minutes later) “Alright you’re all set is there anything else I can help with?” + +Me: “No just have a good weekend and happy holidays” + +So yeah, you apes are calling in troves getting ALL of your shares DRS’d. I’m so proud of you all! +Source: [Diamond. Fucking. Hands. ](https://imgur.com/a/mSp1gAn) + +TA;DR; + +They’re scared and have required even more capital from members since January because *shorts haven’t covered.* + +Projected losses would have exceeded available funds. $16.9B already paid out by one member to cover existing exposure. + +Total incurred Q1 margin breaches were over $1B, up 300% from Q1 2020. + +Liquid resources are now at $54.4B. + +—Source: Risk.net +NIO just did it, and so did NVIDIA!! + +>At NIO Day, the company’s annual customer event, the EV maker revealed its NVIDIA DRIVE Orin-powered supercomputer, dubbed Adam, which will first appear in the ET7 sedan that will ship in China starting in 2022.... +> +> +> +>... As the first of NIO’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150kw battery for extended mileage range. +> +> +> +>Source: [https://www.globenewswire.com/news-release/2021/01/09/2155851/0/en/NIO-Partners-with-NVIDIA-to-Develop-a-New-Generation-of-Automated-Driving-Electric-Vehicles.html](https://www.globenewswire.com/news-release/2021/01/09/2155851/0/en/NIO-Partners-with-NVIDIA-to-Develop-a-New-Generation-of-Automated-Driving-Electric-Vehicles.html) +Do you guys see this as concerning, as if he knows that delta and others are soon going to go bankrupt? Or is he planning on buying back in at a lower price? I would’ve never expected Warren to make a move like this. + +Edit: This post is to discuss his move and the reasoning behind your thoughts about it. I’m not looking for advice on Delta. +Finally an article about interest rate with substance! Link to article + +https://theovershoot.co/p/inequality-interest-rates-aging-and?fbclid=IwAR3P8TJ20ANxr-fLnSPpRZjybQhNFRVTtwYg_7zuL1aZQq6-2l1mLrOsr44 + +My take +A) government spending that result in reduced debt load to the average Joe are in everyone’s best interest. +B) I should be overweight where there is still significant infrastructure to be developed: automation tools (SPY or QQQ?) and emerging market. + +What are your interpretations? Any nuance needed to be added. +https://blockchain.info/pools?timespan=24hrs +5 in a row and counting. +They disrespect the entire bitcoin community! +If you are a CEX.io customer - please contact support and ask them to mine using a different pool. +[https://radreads.co/why-do-people-hate-on-financial-independence-and-early-retirement-aka-fire/](https://radreads.co/why-do-people-hate-on-financial-independence-and-early-retirement-aka-fire/) + +Dubbed CNN's "Oprah for Millennials" and Bloomberg's "Wall Street Guru" lol. + +Love this guy's other work, except he had been a big anti-FIRE guy (though is FIRE right now himself) until he dug into it recently (if you follow him on instagram, two weeks ago he was critiquing those brown banana peeps), but in this post looks like he really comes around to what the FIRE community is all about. + +>So instead of FIRE-bashing, let’s look for pearls of wisdom that we can adapt to our individual situations and make improvements where FIRE *misfires* + +Khe explores: + +1. **Don't become a Sucker Consumer** +2. **Apply a DIY mindset to earning more** +3. **Don’t succumb to scarcity thinking** +4. **Is not working really the goal?** +I have this concern every once in a while that by saving all of this money for an early retirement, I might be wasting my time. I worry that in the future, they may decide to take all the money we have saved in "tax advantaged" accounts (401k, Roth IRA) and change the rules on us. + +In the case of the Roth IRA I could see them saying "well you put the money in when the tax rate was significantly lower, therefore we will be adding an extra tax on the end when you withdraw". + +I always talk myself out of it by saying "well they wouldn't be that stupid, that would ruin the whole point of an IRA and a 401k and one of the main methods of regular people to save for retirement would no longer be used"... then I remember I'm talking about the govt and they aren't always known for making the wisest long term decisions... + +Thoughts? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Managing trade size is very easy with defined risk trades, what is the typical method of controlling size with undefined risk trades? + + +It seems, the best way to defend against tail risk is to make sure you're being paid enough to take that risk. (ie. Tail Risk will be realized sooner or later, the best way to defend against it is to hope your other 99% of trades paid you enough to offset that loss). How can I make sure the credit I'm receiving is worth the risk I'm taking. How is this measured? +Looking for an advice on a Rental property. So , here are the specs : 1500 sq.ft condo constructed in 2004 . Currently there are tenants living and looks like they wanted to continue to live in there renting about $1800. The loan looks like this : 1100 per month over 30 years , property tax is $4000 per year , HOA is $200 per month and Home Insurance is $300 per year. And top to that the Rental management charges about $150 every month. All in all ; I'd be shelling out about $100 a month from my wallet and not to exclude Home Warranty which is about $500 per year. + +Wanted to know if its really a deal to really invest in a rental property. A side note ; we are debating if we should continue in stocks or should we divest in RE(don't put all eggs in the same basket). + +Trying to understand where is the real appreciation coming from? If we see the numbers above; there's not a dime every month that I'm saving rather shelling out from my wallet. Except for the fact that the appreciation over the next couple of years ; I'm not seeing anything. Am I missing anything? + + +In the final stages of accepting my contingent offer by the buyer. It’s a long term investment, in LA market for $500/ $600K. Based on the math my cash flow would be break even or with some positive flow from the first month (accounting for repairs, vacancy loss etc). The purpose of purchasing is twofold long term investment and to help with taxes. + +It looks like the buyer wants to sell the property in “as is” condition & does not want to do termite report (does not feel like a big deal as I can pay for it). However, should these be red flags for me? + +Plus looks like the property is going to need some foundation work (realtor expects about $6K in expenses here) and maybe some roof leaking over time. Of course I am going to do inspections on both things but want to get some perspective from the community if this deal makes sense. My realtor recommendation is to move forward with the terms and then do inspections & appraisal to make sure we identify big red flags & make sure the property is appraised to our offer expectation. Once we have these things done we can then decide if we proceed forward or walk away. + +What does everyone think who has had more experience than me, any questions to ask, red flags, and thoughts on the deal? +Would love to get your thoughts on that experience and how the landscape may change going forward with COVID. I imagine Airbnb-ing those units won't prove to be good investments, but I think buy and hold in some markets could still be very lucrative. + +Has anyone here purchased rentals in Europe, specifically Italy, Spain, or Portugal? How about rentals in Asian countries such as Japan, HK, and South Korea? +I’m 25 yrs old, currently renting a room at my parents house (I know I know). Graduated in 2016 and have been working for 2 yrs. I’ve managed to save $60k. Currently have $10k in mutual funds and the rest is in saving acct. + +Also...I just quit my job over 2 weeks ago (many reasons). I’m trying to find another soon. + +Should I even consider buying RE with this little money? I live in NY (not city) & properties are still pretty expensive here. + +I’m open to questions, I know this isn’t enough info but I tried to keep it short. +I’m sure everyone is aware of those “cheap land” websites, where you can get cheap land for “$500!” (Yes, read the fine print and check for liens and such.) + +But I’ve always been curious, how the hell are they getting land for the cheap, where they can turn around to sell some of this land for $500-$1500? + +Obviously it’s not great land, nothing around some of it and others are in the middle of nowhere.. but I’ve always been so confused. Do they even make profits on this or is their portfolio so diversified with other profit making land to get away with this? Where does one even find the “good” land to resell as well? +My family rents houses and it’s recently become my responsibility to take care of dealings with tenants. I’ve decided to raise the rent of a tenant who has been in the same home for over six years. + +I’m bad with confrontation, so I wanted to know the best way to go about this. Their lease is up in a couple of months, but I have a feeling they will renew, so I wanted to start the new lease at an increased rate (of $100 more per month). The area has gone up really high in taxes, so we’re just about breaking even on this one property. It doesn’t make sense to have it at this rate anymore. +25 looking to buy a 3 unit family house to house hack live in one room in one unit and rent out the rest. make 56k a year with 12k side business, the bank uses market rent for example 1500 for 2 bedrooms x12 = 18k x .70&#37;=12.6k for one unit so if you have 2 units with 2 bedrooms that's 25.2k. Anyway the property tax normally is 9k to 13k my thing is if i cash flow even a little and live rent free would it be worth it in a high property tax state? or is it better to buy/invest in PA ? +Just curious if any of you install smart switches or plugs etc in your rental homes while renovating just to have a cool selling point when you come to sell. Any advantages, disadvantages? I can see it maybe being a bigger maintenance headache? +It seems that real estate books go over the same guidelines: buy a property for a discounted price with a mortgage, choose an area with good appreciation, do the calculations and only invest in CoC return of 10%+. The steps between these guidelines (how to find deals/ how to know their value/ how to invest in locations appreciation locations/ making account of repair costs and vacancy for more accurate analysis) +I’m looking into using private capital, I read a BiggerPocket book about that but it was simply bad. Something like that or any thing advanced would be great help. +I’m hearing that there has been a real estate renaissance of some sort in Detroit . I’m very interested in investing in land/lots in the city . What areas are experiencing the most amount of interest? Where should I stay away from ? Does anyone else land bank in Detroit ? +My mother owns a retail building in Texas, if location matters. + +Tenant will not pay full rent because of stolen property. It happened after a scheduled building repair, and all tenants were given notice beforehand. The tenant runs a salon and claims that her grill and other cooking supplies was stolen which was stored outside the back of the building (The back of the building is fenced off almost up to the roof with a lock on the fence entrance). The salon owner blames the repairmen, but nothing was found on the security cameras. + +So now she blames my mother (the landlord) for theft, even though we have functional locks and other security measures. We have even given the salon owner the repairmen contact information. Rent comes along, and the tenant did not pay full rent and refuses to pay late fees in order to fund her stolen property. + +What are the lordland's options in this situation? + +I will do my best to answer any questions. +Hello! I am buying my mom's house as my first investment property. She is moving back in with my dad, so will not be living there anymore, and I intend to find a tenant. Given that she is my mother, is there any route where I could take her mortgage at her interest rate, rather than go get a new mortgage? +Duplex $165k/20% Down payment/ 4.25 Interest Rate. +Each unit rents out for $650 and both units have tenants living in them with a year contract. + +Income- $1300 +Mortgage-$650 +Vacancy-$65/Mo. +Taxes-$125/Mo. +Insurance-$65/Mo. +Maintenance-$85/Mo. + +Cash flow would be around $310 monthly, there is no HOA. Would this be a good rental? Am I missing something? +Hi guys, + +I received an interesting phone call about a mineral interest that I inherited from my grandparents, that a business wants to buy from me. + +It’s only 1/4 of an acre, and I can’t find any results when searching for it. I’ve scoured multiple websites and sources and I can’t find anything with the listing or notes on this property. + + +I have an official offer letter for $3,500 for it. Same for my sister who has the adjacent 1/4 acre. + +I don’t know how long my grandparents had this, and I’ve never heard of it before. + +Before I do something stupid, I wanted to get some advice. I have the information on the plot, but other than that I know nothing of it. + + +Since it’s a mineral interest, has it already been accumulating over time since its purchase? Is there money hidden away somewhere due to me that I don’t know about? Should I take them up on the offer? + +Any help would be appreciated. Thanks friends! + +Edit: + +I really appreciate everyone’s thoughts, thank you all for speaking up. + +I’m in the middle of moving at the moment, so I haven’t been as active here as I’d like to be. + +To clarify - 1 acre total split. Half acre to my cousin, then my sister & I split the other half acre. + +But my cousin is evil, we don’t speak of her. I’d love to buy her share for $4 and some lint from my dryer. + +Anyway, I’ve spoken to a lawyer from my hometown, and he’s going to do a little easy research for me to get a basis of what’s going on. + +I’d love to plan a trip to Utah to really put things in perspective. I’m not planning on selling.. at least not before I do my DD. +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've always liked Ross Gittins' opinion pieces. This is another thought provoking and reflective piece on why despite having so much "more" in our lives than any other generation of humans that has ever lived, we've convinced ourselves that our standard of living is falling cuz.we can't have even more of the stuff that none before us has ever had. +I hate the term "free mone glitch" but bear with me here.... + +I recently stopped investing like a responsible adult in long term undervalued stocks because I consistently lose money. Opted for scalping SPY on the 1minute cocaine chart updating support/resistance levels every minute or so. + +Why am I pulling in $500 a day for the last week, risking no more than 2k. And why am I delusional to think I can keep doing this succesfully ad eternum? +It’s cheaper and environmental. +You can buy second hand and you won’t find yourself in “oh geez I only have 10$ and need food AND diapers!“ You never run out! Less stress if you make a good laundry routine. Saved my ass a couple of times. +Thanks to everyone who helped with our last topic: "Steps to Stabilize and Exit Poverty" + +In continuation of our communal wiki build, today I would like to know: "**What are the best low-income options for transportation?**" We have had some good threads on the topic, but I want to create a formal post to consolidate ideas and see if there are other recommendations. + +As a reminder, **I'm posting a topic on most Tuesdays, Thursdays, and Saturdays and soliciting advice from the community**. I'll take your suggestions and build them into a wiki page for each topic. Once we've built up a foundation we'll go live with the wiki and I'll solicit feedback for additional topics/gaps to fill. + +Check back frequently-- even if you aren't experienced with the current topic there will be some that you can likely contribute to in the future. + +Thanks again for helping improve our community. +I am not a person who likes to stay in one area more than 5 years or so. I get bored and feel like there's more out there for me to see. Has anyone ever achieved FI without ever owning their own home and renting forever and how did it go? Thanks! +Jet, the Amazon-killer startup that is raising a new round of funding, is running out of cash. + +An earlier report from Fortune indicated that Jet was raising a $500 million round led by Fidelity. + +Jet hasn't closed the round of funding, which could be as much as $550 million when it's finally complete. Fidelity is in talks to contribute a $90 million investment, leading the round. + +I ordered two bicycling related products from Jet with free shipping, from what I could tell the transaction completed but I was never charged and never got the stuff. Now they send me spam on a regular basis. + +Do you even use it? +Let's not be delusional. I know that Bitcoin maxis are commonly ostracized as too toxic, but they have been right about everything. + +1) Bitcoin's dominance is at its early 2017 levels, and it keeps surging. + +2) Bitcoin Cash and Bitcoin SV are dead. Craig Wright and Jihan Wu are over. + +3) DeFi was a fad that lasted even shorter than the ICO craze. + +4) XRP has always been a scam. Bitcoin maximalists have always been parroting about it, but very few took them seriously until the SEC lawsuit. + +5) The S2F model, which was laughed off as tin-foil-hat nonsense, has been extremely accurate so far. + +6) Institutions don't care about altcoins. +So six months ago tomorrow I made a little wager with someone here on Reddit since they were talking a pretty big game. Most people when they do this will never back it up by suggesting some stocks they might think will do well. To this users credit they did and here are the results: + +http://imgur.com/rkVq7 + +Yes I messed up and based off of a million vs $100k but the percentages are the same. So if we listen to this person you would have lost %3.48. By comparison if you had done the following: + +cgeorgan: -%3.48 return +S&P 500: %14.67 return +Down Jones: %14.24 return +VTSMX: %14.19 return + +The thread where this started: +http://www.reddit.com/r/Economics/comments/jilht/generation_vexed_young_americans_rein_in_their/c2chhln +http://imgur.com/d6e52 + +Stick to index funds people. As for cgeorgan if you want to honor the $50 wager I'm okay with it going to r/randomactsofpizza, thanks. +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. +My parents aren't exactly uber-rich, but they're not average either. If taxes got raised, for sure they'd take a hit. + +My mother thinks the government should raise taxes because she and my dad can afford to pay them, and after all, "someone has to." My dad thinks it would only hurt us and not help the government because of Hauser's Law. +My parents are just wealthy enough to already pay the highest percentage of real taxes pretty much anyone pays. (That is, if you include social security and payroll taxes.) They worked very hard for what they have. They are NOT the kind of people who got their money by having others do all the hard work. If paying more taxes really means fixing the economy, my family is the kind of family that will step up and pay their dues. But I don't want to see them get jerked around and then have it not mean anything. + +Is Hauser's Law an accepted fact? Is trying to raise the taxes on the wealthiest Americans pointless? I am no trust fund child. Despite having 7 digits in assets, my parents drive 10 year old Toyotas & Hondas, not BMWs, and expect me to do the same. Their money goes to retirement asset investments and education mostly. + +This is a throwaway account -- I think I've published enough personal information already. +[Link](http://digitalcommons.bard.edu/cgi/viewcontent.cgi?article=1429&context=hm_archive) + +This week's article comes from /u/Petrocrat, who writes: + +> HP Minsky explains why the quantity theory of money and exogenous control of the quantity is inaccurate through an overview of previous theorists such as N. Kaldor and JM Keynes. The alternative understanding of money and the supply of money is explained to be endogneous (and non-neutral) within a capitalist financial system such as that in the USA. + +> Minsky discusses various types of money and how those types are introduced into the financial system by the economic activity of entrepreneurs, bankers and money managers. He also discusses how the activities of those private sector agents is what actually determines the quantity of money, thus the moniker "endogenous money." +So six months ago tomorrow I made a little wager with someone here on Reddit since they were talking a pretty big game. Most people when they do this will never back it up by suggesting some stocks they might think will do well. To this users credit they did and here are the results: + +http://imgur.com/rkVq7 + +Yes I messed up and based off of a million vs $100k but the percentages are the same. So if we listen to this person you would have lost %3.48. By comparison if you had done the following: + +cgeorgan: -%3.48 return +S&P 500: %14.67 return +Down Jones: %14.24 return +VTSMX: %14.19 return + +The thread where this started: +http://www.reddit.com/r/Economics/comments/jilht/generation_vexed_young_americans_rein_in_their/c2chhln +http://imgur.com/d6e52 + +Stick to index funds people. As for cgeorgan if you want to honor the $50 wager I'm okay with it going to r/randomactsofpizza, thanks. +So a lot of people around here like Austrian economics. I get that. But I never really got a handle on Austrian economics is. I have read a book by Mises and did not really explained anything. + +The Mises book talked about why Praxeology is a better way of coming up with a theory then Empiricism. I am not really convinced that coming up with a set of axioms and deriving results from them is really better then actually observing the world, but that is not entirely important. What is important is that if you are trying to derive all of economics from axioms, then those axioms are extremely important. They need to be absolutely bulletproof and hold true no matter what happens, and it seems to me that the only way to understand a school that relies on axioms and proofs is to actually figure out what the axioms are and to look at the proofs. After all, if you are examining the real world impact of a school that reject Empiricism, then you have already reject that school. + +So here is my problem - it is easy for me to find things that Austrian economists have concluded. It is easy for me to find Austrian policy recommendations, it is easy for me to find their criticisms of mainstream doctrines, but I have not yet been able to find a list of axioms anywhere, nor have I been able to find any sample proofs. It would be nice if someone can point me at a proof that Austrian economist would accept. (e.g. deriving a fact from something that is not an axiom) + +So I am willing to read books that people recommend as long as they contain the axioms (or sample proofs) in there somewhere, and I am also willing to read websites, blogs and the such. Can someone recommend a few sources? +I've heard mixed opinions on this from family, so I'm beseeching your wisdom, /r/personalfinance. + + +My wife and I just bought our first home. I discovered a leak behind the toilet a few weeks in, called a plumber, and ended up discovering that the wax ring had failed on the old toilet and had been leaking water into the subfloor for a few months (before we moved in). Moisture meter readings show that most of the subfloor is wet and all of the tile needs to come up. + + +The guy who will do the demolition and treatment of the subfloor is charging $2000. The guy who will replace the vanity (which has to come out) and re-tile will charge $2500. + + +Our home warranty is covering the cost of the replacement toilet and its labor ($350), but they don't cover anything for the subfloor. Our homeowner's insurance deductible is $500, and my wife wants to file a claim to have as much of this expense covered as possible. However, our real estate agent (a personal friend), as well as our parents, are telling us NOT to file a claim because the company could raise our insurance or drop us next year. Allegedly, if we even try to go to another insurance company, there's a "point" on our record after a fix like this, and new quotes will be astronomical. + + +* What should I do? We DO have the savings to cover these expenses, but it would be nice not to have to. + + +* if the homeowner's insurance actually does cover this expense and then subsequently raise our rate next year, how big a rate hike are we talking? +So I saw this on another sub. The Fed has decided that 2021 shouldn't be in the data stream for the inflation calculations. + + January 2022 CPI weight update + Starting in January 2022, weights for the Consumer Price Index will be calculated based on consumer expenditure data from 2019-2020. The BLS considered interventions, but decided to maintain normal procedures. + +[https://www.bls.gov/cpi/notices/2021/2022-weight-update.htm](https://www.bls.gov/cpi/notices/2021/2022-weight-update.htm) + +I guess they needed to be able to print some more money or something. + +I didn't see this posted yet but if this is a dup I'll gladly remove it. +Hey guys, + +I am very curious as to how people pull this off. I live in CA where housing can be a bit on the high side. I am currently looking for homes in the $400-$500k range which is doable for me since I have been diligently saving and have enough for a down payment plus more as an added cushion. I have no debt and always been somewhat responsible with my money making sure to max out IRA / invest in other index funds. My salary is above average as well so that helps a lot. + +I am trying to budget out the monthly expenses of owning a home and that is where my question comes into play. How do people who make the average of about $50-$60k still own homes and provide finacially for themselves and families in the future? Is there something I am missing or are these people just living check to check not really worrying about their future financial independence. + +***** EDIT*** + +Thanks a lot for the insight guys. I guess the key for many people living in CA in a home, that is $500-$600 which is typical on where I live, is having dual income of more then $100K combined and even with that does not leave a lot of room for savings/investing let alone doing other activities like vacations and what not without going pay check to paycheck or even worse into debt. + + + +I've been trading for two years both swing and day trading. While I'm profitable swing trading, my day trading results are bad. Recently, I gave up day trading after a huge drawdown. It seems to me that you can make a profitable strategy that will work for a few months, and suddenly it will stop working. This happened to me a couple of times. Maybe it's due to big banks algos changing? + +On the other hand, daily charts are much more technical and losses are uniformly time distributed. Day trading losses tend to concentrate forcing a change on the strategy. In the long run, it seems to me that the drawdowns will wipe out the previous profits. Since you can make some money on the short term, you can be trapped on day trading for years. You may also lose money, but the biggest loss will be the years trying to make it work. + +So here is my question. Is anybody here day trading for more than 5 years consistently? Sorry but intra-day timeframes are so messy for me. +Last week, Credit Suisse revealed that it was expecting heavy losses in the wake of the meltdown of U.S. hedge fund Archegos Capital. +It took a charge of $4.7 billion as a result and now expects a first-quarter pre-tax loss of around $960.4 million. +Investment Bank CEO Brian Chin and Chief Risk and Compliance Officer Lara Warner will step down from their roles with immediate effect. + + +Link to article: https://www.cnbc.com/2021/04/06/credit-suisse-cuts-dividend-on-hit-from-hedge-fund-scandal-investment-bank-head-and-chief-risk-officer-step-down.html +I got an ad in the mail for a "pre-selected" Capital One Quicksilver card which offers 1.5% cash back on all purchases, plus a $200 sign on bonus if I spend $500 in 3 months. No annual fee. Also a 0% APR until July 2022. + +We pay our credit cards in full every month, have great credit, and don't have any large credit purchases in our future (such as mortgage or car loan). We also already have a credit card that gives 1.5% back on all purchases. + +We don't need this card. But is this just an easy way to get a "free" $200, or are there any catches or hidden pitfalls that wouldn't make it worth it? +Our money is pretty automated - I have it all set up so it goes where it needs to when it needs to, but the times we need something outside the norm our current banks make it so difficult. + + +Their apps crash, the transfer doesn’t show as going through initially, it takes days to reach the other account and then duplicates a few times. + + +Ideally we’d be able to keep most things within the one bank but separated - big savings, smaller savings, utilities, spending, direct debits and transfers etc, and hopefully they’d have Osko or other fast payments. + + +If you’re very happy with your bank and their app, I’d love to hear about it. +Hey guys, I really could use your help and advice at this point in time. Today, I just received a text from Milton Graham saying I need to urgently call them with the reference #. + +Now I'm assuming this is for the $18,000 debt I "owe" to my university, because it's about 2 weeks now. + +I'm an international student who applied and got approval for leave of absence this semester before the census date for academic penalty. However, the university said I STILL owe them the money for all the courses I did not even complete, because I did not DROP the courses before its own separate census date... At the time, I was not even checking my laptop anymore or contacting anyone, as I was depressed and anxious, so it did not occur to me that there was a separate census date for that.. + +So I applied for a Remission/Removal of Debt with the university under compelling circumstances (medical), and am waiting for their decision still.. (they say up to 90 days, it's been 3 weeks so far) + +But in between this time, the university has cancelled my enrolment and access to student accounts... I still plan to continue studying from next semester, however I don't believe should be paying this money for courses I never finished.. + +I don't have the money at all to pay the debt, because even if I did then I wouldn't be able to study next semester and graduate on time. + +I'm not sure whether to contact the debt agency and explain to them that I'm waiting for the removal of debt application to be accepted.. but it seems the debts already been sold to them so I'm confused how this works and what to do?? I also don't know if ignoring is right because I don't want to be sued.. given its quite a hefty debt.. + +Please help me out here, +Thank you +I am asking for a bit of advice, as the flowchart does not go into much detail about paying off student loans in full. + +I'll firstly outline my situation. + +Salary - £25k +5K bonus which i am on track to exceed. This is my first year out of uni and I have been told that this will rise to about £32k +7k Bonus in 2023, in the long term I would hope to be hitting \~60k. + +Savings £52k - 20k in vanguard stocks and shares ISA. £23k in HL fund and share account. £4k in Trading 212 account (A bit of a hobby), £4k in Help to Buy ISA (topping up £200 a month), and finally £1k in premium bonds. + +Debt/expenses- My only debt is my student loan, Plan 2, which is currently at £39k, I have made zero repayments so far. Rent in a flatshare & bills including phone travel etc come to about £1,100 per month in Zone 6 London. + +My Question: I have always been told if you are going to end up paying off your entire loan I should. Would I be best using my saving to pay for this? Personally, I feel I would be better off getting a place of my own instead of renting, hoping that house prices rise faster than the amount of interest paid on a student loan (currently 4.1%), I would also be paying my own mortgage instead of someone else's. + +Am I best off listening to the pay off the loan ASAP, or getting my foot on the property ladder. + +&#x200B; + +Thanks! +I have about £60k I want to invest over a 6 year+ time period with monthly contributions of £1500. + +A financial adviser from a place called St James Park will be visiting tomorrow to discuss how to invest the money. + +Is there anything In particular I should be asking about aside from fee's and fund performance / anything to be wary of - quite new to all this. + +Thanks + +EDIT: yes - sorry St James Place! + +EDIT 2: Thanks everyone! Looks like tomorrow is going to be brief and somewhat awkward! +Adam Cochran has been a pretty knowledgeable follow on this FTX implosion. His thread here https://twitter.com/adamscochran/status/1593679267392544769?t=FXKDTVKs-xzFk0f6oSl58A&s=19 is bringing to light that there aren't any tokenized stocks on the FTX/Alameda balance sheet that's been publicized during their Chapter 11. +How was the process with the purchase? Was it freehold? Would love to learn more as we’re interested in buying a villa there. I’m curious about legal but also financing. From what I’ve read you either need a local to sponsor or you need to open a corporation? +I use a large wealth management company for managing my portfolio, but they also provide many other services so me such as lending. I’m looking at purchasing a beach house as a STR investment property, and they offered me a 2.625% 30 year fixed loan with no money down to pay for it. I could buy it in cash, but I don’t want to move my investments if I don’t have to. + +It seems too good to be true, but I can’t find much about these types of loans on Google. I know they’re using a portion of my investments as collateral, but I’m not moving those any time soon so it doesn’t matter to me. What am I missing here? Is this just something only available to high net worth individuals? Is there a downside to this? +I am in my mid-twenties and was fortunate to experience an IPO recently which shot my equity to \~$3M (touched $4.5M at peak stock price). About $1.5M worth of stock options are exercised and if I move out of California, I can save some taxes (comes to about **\~$150k-$200k in tax savings** over time). This savings amount can increase with raise in stock price in future. + +I am bullish and intend to hold my equity for at-least next 1-2 years. I am looking to relocate to either **Seattle, WA** or **Austin, TX.** + +\-------------------- + +**Conditions:** + +Seattle - Pay will have no change (future raises/promotions may see a correction) + +Austin - I will take a 10% reduction in base salary and future raises/promotions will be adjusted as well. + +TC is expected to remain at-least $500k for the next 2 years and may see a sudden drop to about $250k + +\--------------------- + +I have consulted with tax advisors and they say the savings are possible. However, they cannot help me with some personal questions like:- + +**- Which no-tax state to move to?** + +**- Will the move be profitable in the long term?** Yes, I get an upfront tax benefit by moving out of California but over time, the new jobs in the new state may pay less and the tax saving will eventually even out (or worse, will be a loss in the long term) + +**- When is the right time to move?** Now or wait for a year? + +**- Am I ridiculous** to spend so much of my energy in thinking about tax savings instead of focusing on gaining more skills and increasing my income? + +\----------------------- + +I feel too young/confused to even decide what exactly should I focus on, increasing net worth? dating and getting a GF? family-planning? living the bachelor life and not optimizing for money? + +Looking for help (get some clarity) from some experienced folks :) + +Thanks in advance <3 +[this picture](https://pbs.twimg.com/media/DOZraZBXcAAM4Rz.jpg) popped up yesterday where we see fake satoshi and [former convict bitcoin judas](https://www.justice.gov/archive/criminal/cybercrime/press-releases/2002/verPlea.htm) having a good time with some "hee ladies" guy. + + +Well turns out he is Calvin Ayre. He made it on the homeland security [top ten most wanted list](https://www.gamblingsites.org/images/most-wanted.png) and [another agency](http://3.bp.blogspot.com/-SA0PKKLrgsQ/VEWd3K063TI/AAAAAAAAR1s/Mo5hs-lQb9M/s1600/wanted1.jpg). + +He likes [prostitutes](https://farm5.staticflickr.com/4065/4485098132_1f79e87bb9_b.jpg), [blows](http://www.gambling911.com/files/styles/article_image/public/publisher/Calvin-Ayre-Blowjob_0.jpg?itok=1iY9UmQh), and seems to be especially tight with [bitcoin judas](https://www.techtimes.news/wp-content/uploads/2017/10/bitcoin-cash-is-bitcoin-roger-ver-and-calvin-ayre-declare.jpg). + + +now he states that its time to fix all the damages the two top cryptos have caused.... damn this sounds menacing. + + +These are the people attacking bitcoin and pushing for the technical abomination of a fork bec&sh. + + + +If you want to bet your money on their success, maybe think twice. + + +bonus: [John McAfee, wanted for murder in Belize and our beloved Jihad Vu are on board as well.](https://pbs.twimg.com/media/DKAA_ahV4AAIXK_.jpg) + +edit: this seems to get some traction so here are even more goodies on: + +* Roger Keith Ver, bitcoin judas: [one](https://bitcointalk.org/index.php?topic=2124500.0), [two](https://www.youtube.com/watch?v=UP1YsMlrfF0), [selling counterfeit CISCO hardware](http://caselaw.findlaw.com/us-4th-circuit/1627804.html), [doxing theymos](https://www.reddit.com/r/Bitcoin/comments/5obsx3/so_ver_is_allowed_to_openly_dox_theymos/) + +* Craig Steven Wright, fake satoshi: [one](https://www.youtube.com/watch?v=FIvqn87iAz8), [two](https://youtu.be/7YUTq7_vO3A?t=1m45s) ... + +* Jihan Vu, CEO of BitMain: [agenda](https://www.reddit.com/r/Bitcoin/comments/7cnv24/pretty_much_sums_it_up/), [classy](https://twitter.com/jihanwu/status/731902686379933697?lang=en), [antminer backdoor](https://news.ycombinator.com/item?id=14207107), [exploiting mining shortcut](https://themerkle.com/what-is-asicboost/) + +* John McAfee: [the time drunk him almost spilled the beans on the murder case but his watchful wife covered his mouth](https://youtu.be/oZoGQBL11Xs?t=30m47s) + +* ex main developer Gavin Andersen: [claiming fake satoshi is the real Satoshi](https://www.youtube.com/watch?v=pNZyRMG2CjA), [shilling bec&sh](https://twitter.com/gavinandresen/status/929377620000681984), [real Satoshi disappearing after his CIA visit](https://bitcointalk.org/index.php?topic=113609.0) + +* Mike Belshe, CEO of BitGo: [the mysterious pump letter](https://twitter.com/WhalePanda/status/926407742381789185) + +* Rick Falkvinge, politician: [call for CP legitimization](https://www.thelocal.se/20120910/43142), [shilling bec&sh](https://twitter.com/Falkvinge/status/929067201277120513) - also note the retweets from many of the previously mentioned crewmembers. + +(more to come) + +---------------------------------general goodies for the folks who have missed them--------------------------------- + + +[real Satoshi on bitcoin.com being unrelated](https://bitcointalk.org/index.php?topic=88.msg806#msg806) + +[a fulfilling prophecy from late July](https://pastebin.com/n0aGBMQr) +It's a summer internship in the sales, trading and research department of JP Morgan London. (first round competence based interview) +I need the crash course: what to expect? how to handle myself? what to know beforehand? +I am not very experienced in interviews (this is my first). So any details no matter how trite are welcome. + +EDIT: thanks for all the advice, I had my interview 2 days ago. + +I think it went well. Details in my reply to safranzen. + +Hopefully i'll get called for a 2nd round, they will let me know in 2 weeks +Do any FatFire members with Vanguard accounts remember how long their service level (to "Flagship Select") took to upgrade after hitting $5 million? Did you contact Vanguard or wait for them to upgrade you automatically? + + +Vanguard apparently limits access to certain funds to Vanguard Select, and provides 100 commission free trades a year (stocks are $0/trade, but options are not). +Throwaway account for throwaway reasons. + +I am fortunate to have more money than my wife and I really need, and I feel bad that my mother- and father-in-law struggle to make ends meet. It really pains me to see my MIL in her 60s working a blue collar service job with no end in sight. + +I would like to help them out, but I want to avoid a situation where helping turns into a dependency or leaves the door open to ongoing requests for help, as I can foresee that ultimately straining the relationship. Thus, I would like to make any help a one-time gift. At the same time, they are not good with managing money, so I fear that any sort of lump sum would not get used wisely. + +This has led me to consider giving a lifetime annuity as a gift. A few questions for the group: + +1) Is it even possible to give an annuity as a gift? I realize they would need to be involved with the underwriting, so it probably couldn't be a "surprise" gift, but I have never heard of anyone giving an annuity as a gift other than to charity. + +2) Any reasons this is a bad idea? I know annuities are generally expensive/inefficient products, because they involve overpaying to shift several risks to the party selling the annuity, but I'm Ok with that not being perfect, since the product seems to uniquely solve my problem. + +3) Any other alternatives I should consider instead? + +Many thanks for any thoughts or feedback. +So as some can figure out, I've been preparing a few things for when I die. (No I'm not expecting. But it is better to get this out of the way now) + +Anyways, I made a template for anyone to mess with. [https://docs.google.com/document/d/13se29qf7V6V12VHdnaOXyQAu3wkbRf3xYeRrg7r7XXs/edit?usp=sharing](https://docs.google.com/document/d/13se29qf7V6V12VHdnaOXyQAu3wkbRf3xYeRrg7r7XXs/edit?usp=sharing) + +# MAKE YOUR OWN COPY SO YOU CAN EDIT IT + +https://preview.redd.it/1v4pspjdzfk81.png?width=920&format=png&auto=webp&s=e01d5b5ce50cea60eefdac76524614ab2984664b + +Obviously you would want to heavily edit this, but this should help you get started. + +&#x200B; + +Big things to note is taxes, and how people will find out where your crypto is stored. I'm using Koinly anyways to track everything for taxes. So I might as well make that in a way family can find whatever crypto and where it is. + +&#x200B; + +Note I wouldn't put seed phrases or other things in this. To be blunt, I don't trust Google. + +&#x200B; + +&#x200B; + +NOTE I heavily use last pass to just give people my passwords in this time. This allows them to take whatever from my exchanges, and it allows them to bypass horrible support they most likely would get from [Binance.US](https://Binance.US). Plus since I even have a hard time remember which exchange has a KYC and what doesn't. This bypasses if the exchange even could do this. +Fabian Vogelsteller from Ethereum Foundation is reporting that curator of the Dark Dao is known. Soft fork can therefore recover all funds!!! See his comments in: + +http://np.reddit.com/r/ethereum/comments/4p7mhc/update_on_the_white_hat_attack + +Edit: Here is the comment "We know the curator of the Attacker DAO with 3.5M ether, now 7.2 ether are safe in a DAO where we also know the curator. + +With a temporary Soft Fork all this ethers can be send to a refund contract and the nightmare is over!" + + To safely grow DeFi for everyday users, Zuni is Re-thinking Identity, Leadership, and Trust. +[https://medium.com/zuniswap/k-y-who-de-risking-defi-for-mainstream-ethereum-growth-45d5356d8a7f](https://medium.com/zuniswap/k-y-who-de-risking-defi-for-mainstream-ethereum-growth-45d5356d8a7f) +I wanted to take a moment to address an issue that I've seen a number of users overlook in various crypto communites. + +When Binance was hacked they reported that the following information had been compromised: + +* 2FA keys +* API Keys +* Some passwords. + +Most users have changed their passwords and considered their account secure. It is **not** secure unless you've updated your API keys and 2FA keys. + +**What are 2FA Keys** +When you generate two-factor-authentication (2FA) codes you receive a seed string, usually as a QR Code, a text string and some backup codes. + +Those seed elements are what allow your 2FA device to generate seemingly random codes and match them to your account each time. + +The seed code or backup codes are stored by Binance. Binance has not discussed if these backups were hashed or encrypted in any fashion or if they were in plain text. + +This means, the hackers likely have the ability to generate matching 2FA codes when logging in to accounts. + +**How do I change my 2FA key?** + +On your Binance control panel when you login you should click to disable "**SMS Authentication**" or "**Google Authentication**" and follow the steps. + +Then click to re-enable "**Google Authentication**" and follow the steps to generate a new key. + +(You should never use SMS Authentication as it is commonly the target of SIM spoofing attacks, and social engineering attacks at large telecom networks). + +**What is my API key?** + +Your API keys are used to control your account programmatically via bots and third-party tools. + +At this time Binance has reset all API keys themselves - but, it is good to double check that none are still active. + +**What is my Anti-Phishing Code?** + +Your anti-phishing code is a code that you create that appears on all emails from Binance to help confirm their authenticity. It has not been confirmed if they were compromised, but, they can be easily changed via the control panel. + +Since Binance noted that phishing was a major part of this attack, it is worthwhile updating your anti-phishing code. + +**Isn't this just fake news?** + +Some people have claimed because the 7000 BTC is the same amount from the June 2018 hacking, that this was a fake hack and just an excuse for Binance to close deposits/withdrawals this week because they believe that big negative news about Tether is going to hit and want to prevent a "run-on-the-banks" + +That seems incredibly unlikely, especially because there would be no reason for Binance to say that API keys and 2FA keys were compromised. Either way you are safer updating all your information. + +**Is there anything else I should check?** + +Yes, make sure you've updated your password, and that your account email is still the same. +So, the past year and a half has been (putting it lightly) rough. Got out of the Army after active duty in late 2018, moved home with wife and young child, didn't get the job I had lined up, wife got into a romantic relationship, depression, behavioral health unit, gave her another chance for my son, cheated again with a "friend" of ours, and now here I am. + +Luckily, I've got a new job that isn't terrible, but also isn't great. But after dealing with the mental/psychological abuse, I stopped focusing on finances until recently. She's getting the nice condo for cheap since we started out here renting it out from a family member. She's had her family paying for all of her bills while Im on my own with everything I have. Which leaves me basically on my own to find my own place while also trying to stay close to my son. Now, the only place I can really afford is a place in a trailer park. + +Frustrated as all hell to say the least, she gets everything I worked hard for while she never had a solid job for 6 years. And now I'm starting from the bottom, all while dealing with my own mental issues sustained from everything that happened. It's embarrassing, I don't know whether to cry, burst into a fit of rage, or just give up completely. I've busted my ass working 70+ hrs a week for the past year and a half just so I can give my son a better life and I just feel like there's no point anymore. + +Just felt like venting/ranting because financially, emotionally, psychologically, this shit sucks. +Switch from FlexOne to Nationwide FlexDirect (join bonus £125) + +Leave nationwide for Santander (pay in £1000 for £140 bonus) + +Leave Santander for Lloyds platinum account (£21 fee but £150 reward) + +Leave Lloyds for First direct (pay in £1000 for £140 bonus) + +Leave FirstDirect for Natwest (pay in £1250 for £150) +Get Natwest Digital Regular Saver and pay in max per month (+change round-up) +I've been lurking on this thread for around two weeks now and I must say it is great! I'm 30 M and looking to invest for the next 20 years. + +I've read a lot about vanguard but when i go on their website, there is around 76 funds to pick from! + +Can someone help in breaking these down or recommending a few to look at? +There was some discussion a while back about making a Rent v. Buy Flowchart. Many posts on here are asking whether to rent or buy where they live, so I hope this helps. + +Happy to take on any suggestions for edits? + +https://imgur.com/a/14IsziB + +EDIT: I’ve applied the suggestions from the thread to lower the legal, surveyor and valuation fees. Open to taking more suggestions for improvements where you identify them. +I couldn't find this by searching, but from watching old movies I used to see the circles on the trading floor where stocks or commodities were traded, and with all the shouting there had to be mistakes made I am sure. + +I was just wondering if anyone ever went through that, was it common and how it was it handled. + +Thanks + + +#### BR Technicals’ Technical Analysis Report – Apple Inc. (AAPL) + +#### March 21, 2019 (Published March 26, 2019) + +#### Prepared By Brandon Ross, CMT + + Click to read the analysis with charts, and also download a PDF of the report: [https://www.brtechnicals.com/apple-aapl-stock-report/](https://www.brtechnicals.com/apple-aapl-stock-report/) + +## Long-Term Analysis + +* AAPL is in a long-term channel that began in 2010. +* The channel bottom is moving at the same pace as the 200-week moving average. + * When a correction occurs, the 200-week moving average and channel bottom act as a support. +* There have been three corrections within this channel. + * \-45%; -31%; -39% +* The latest drop, in 2018, was the quickest and most volatile. The MACD indicator fell sharply, and is rising just as quickly. + * 50-week moving average did not have time to correct. + * However, it was perfect technical setup. + * The stock peaked at the top of the channel, and stopped its decline at the bottom. +* Does not qualify as an Elliot Wave. + * In this case, the third wave is the shortest wave, and thus nullifies it as an impulse wave. + +## Medium-Term Analysis + +* A triple top reversal pattern stopped the stock in 2015. +* After a year, and a -31% drop, the stock gapped above the minor downtrend line to begin a 3 year uptrend. + + * A few weeks later the 50-day moving average crossed back above the 200-day moving average. +* The stock peaked at $230 dollars, and fell through the minor uptrend channel in Q4 2018. + + * A few weeks later the 50-day moving average fell below the 200-day moving average. + +## Short-Term Analysis + +* The drop in 2018 began as a small head and shoulders reversal pattern. + * The drop in 2015 began with a triple top reversal pattern. +* The stock has since recovered from its -39% slide by gapping both the 50-day moving average and the 200-day moving average. + +## Report + +Apple has gained more than 1,850% since 2009, but not without its rough patches. The stock has fallen more than 30% three times: -45% in 2012-2013; -31% between 2015-2016; and most recently -39% in 2018. Although the stock has lost a third of its value three times over the last 10 years, it has remained within a channel throughout the current bull market. Each of the drops began when the stock reached the upper channel resistance line, and ended on the channel support line. The stock has behaved like an example in a technical analysis book.  + +In fact, the three times the stock peaked, there were also clear technical that the stock would sell-off. The first drop began when the stock was making new highs, but the indicators signaled a clear bearish divergence. The second drop began after a triple top reversal formed along the top of the channel. Third, the latest drop began along the channel resistance, and a small head and shoulders reversal pattern formed.   + +The stock is still within its long-term channel, and this provides a few trading signals. First, if the stock ever falls below its long-term channel support, which is also the 200-weekly moving average, a sell signal is generated. If the stock were to break the support, it could signal an economic recession, and a cyclical bear market. AAPL is a very popular stock, and has a high positive correlation to the S&P 500 (250 day correlation of 0.81). So if the stock is falling out of the channel, then the rest of the market is probably falling into a downturn as well.  + +Until the stock violates the channel, a buy signal is generated when the stock reaches the support. Supports should stop the stock from falling, and buying near a support has a great risk-to-reward ratio. A stop is placed just under the support line, in case the uptrend ends. We opened a position in our Technical Portfolios after the stock gapped away from the support line, indicating a successful test. + +Because the stock is a great example of technical analysis, there are simple moving average trades that can generate some good returns. A very common trade, the Golden Cross, generates a buy signal when the 50-day moving average crosses above the 200-day moving average. A sell signal is generated when the 50-day moving average crosses below the 200-day moving average.  + +Finally, another great way to trade AAPL is to open a position when the price crosses above the 50-week moving average, and sell the position when it crosses below. Doing this, you would have bought around $16, then sold near $70 (these are split adjusted prices). A second purchase occurred around $65 with a sell around $105, and a third purchase at $102 with a sell near $180. + +The stock has been a key part of many investor’s portfolios, but with good reason. The huge increase in the stock price since 2009 has drawn a lot of attention to the company and its stock. When investors are really fearful of the company, the economy, or both, then the stock will fall out of its channel. Until then, the stock should continue higher over the time. + +Click here to see the charts and download a PDF copy of the report: [https://www.brtechnicals.com/apple-aapl-stock-report/](https://www.brtechnicals.com/apple-aapl-stock-report/) +I'm curious, how you got to where you are in trading! +- + +*(Id like to trade Stock Options, but know nothing of it. Thinking about either a College course or try to self teach via YouTube etc..)* + +So some of you might remember that i have been bullish on these guys for a while. +INSERT LINK TO THAT RLT POST I MADE HERE+ + +I originally got them around the $1.20 mark but fucked up by doubling and tripling down on them at well over the $2 point. However i still hold (at a loss instead of a profit) and I am planning on getting more. + +Why? + +Great question, i like them for the high possibility of crazy helium concentrations as previously mentioned but they also keep coming out with good news. + +[From the 9th](https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02351144-00RDLV730C63H6GP56F3CO6QMB/pdf?access_token=0007KkhEDJ45EovnzGPuI6cFZURL) + +[From last night (the 11th)](https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02352696-0EI0HMI51APP5Q991E5D5VG0LK/pdf?access_token=0007KkhEDJ45EovnzGPuI6cFZURL) + +So they seem to be hitting gas wherever they go. + +I believe however that these guys are getting manipulated down [Here is a graph](https://imgur.com/a/PKWBpcC) + +[Here is a video describing my current feelings](https://www.youtube.com/watch?v=6VDzezv7atU) + +Please dont mistake this for actual DD as it is not. + ++INSERT POST TO 10 HOURS OF DARTH VADER BREATHING HERE+ +Okay, listen up autists. I don't make recommendations, but I do have some data I'm going to present, but you must read through the following points to get it: + +1. I do not currently own, and do not intend to purchase, any of the following stocks, +2. I have not researched any of the following stocks, they're not in my portfolio of interest, +3. The data is only good to 15 September, for all I know they dumped it all yesterday and today, and we wouldn't know until next week (unless you looked closely at chart volumes and made an educated guess) + +However, for each of the following stocks: + +1. ... between 31 August and 15 September, at least two and sometimes three institutional brokers bought up a sizeable sum at prices that are relatively close to the Friday close price. +2. I judged "sizeable sum" as relative to how much they usually pump into sub $200m MC stocks, +3. I looked only for cases where there was substantial buying and little if any selling, +4. I checked the chart to make sure it hadn't already mooned from the brokers average buy, +5. Once I found a few brokers on the same stock, it went on to the list. + +And finally, the list: + +* [BIT](https://www.marketindex.com.au/asx/bit) +* [QTM](https://www.marketindex.com.au/asx/qtm) +* [NCZ](https://www.marketindex.com.au/asx/ncz) +* [ZLD](https://www.marketindex.com.au/asx/zld) *pending review +* [QFE](https://www.marketindex.com.au/asx/qfe) +* [KNO](https://www.marketindex.com.au/asx/kno) +* [9SP](https://www.marketindex.com.au/asx/9sp) +* [PAN](https://www.marketindex.com.au/asx/pan) +* [BCN](https://www.marketindex.com.au/asx/bcn) +* [MWY](https://www.marketindex.com.au/asx/mwy) +Genuine question, as the title suggests. Burning your cash is easier and provides warmth. More uses than what this piece of shit stock offers. Still baffles me seeing large amounts of buy offers. + + +Alright, listen up ya flaming galahs. + +After the sea of blood that was last week, I decided I’m gonna start doing some DD to keep myself accountable and stop fucking YOLOing my monthly allowance like a bloody pork chop. So, have a snag, crack open a tinnie and let's have a yarn. + +**Name**: TNT + +**MC**: 236.15M + +**Volume**: 12,480,117 + +**SP**: 0.235c + +**1 year return:** 327% + +**Why**: + +These fuckers IPO’ed in 2016 as a Cyber Security Managed Services Provider (MSP) (Cyber sec lingo for ‘you can’t be fucked to run your own cybersec, so I’ll do it for you, for a price’). + +However, come FY19, these guys decided that they weren’t gonna be your regular Joe Bloggs of MSP and decided to fling their dicks in the MSP pond, creating ripples that engulfed the industry. This came in the form of a ‘Cyber 360 Strategy’ which included ‘Growth through strategic acquisitions.’ That’s business lingo for, **‘Listen up cunts, I’m gonna buy you, your mum and your dog, and there’s not a damn thing you can do about it’** + +In 2020 they had a ‘Board refresh’ - which is smallcheesebigbrain lingo for ‘We fucked off the dead weight so we can send this rocket to the moon’ - that was a key element in driving the success of the Cyber360 strategy. + +They went to town, like a hungover bogan smashing a Chiko roll, buying 8 companies in the space of 18 months. + +Effectively, their Go to Market strategy is to buy the competition and buy access to lucrative contracts in government. Fuckin mint innit? + +**Key Highlights for H1 FY21** + +● Financial achievements: + +○ $36.5M Turnover achieved (in excess of 500% growth on same period last FY) + +○ $2.9M Operational EBITDA achieved against a prior period loss of $1.7M + +● Acquisitions: + +○ Seer Security (completed August 2020) + +○ Airloom (completed September 2020) + +○ Ludus Cybersecurity (completed September 2020) + +○ iQ3 (completed November 2020) + +○ Lateral Security NZ (completed February 2021) + +● Joint Ventures: + +○ Optic TNT Security Pty. Ltd. JV with NZ-based Secure Optic (announced November 2020) + +● Listed on ASX All Tech Index (S&P/ASX All Technology Index) + +● Entered NZ market with the acquisition of Lateral Security + +**Owner % of Company** + +20% owned by insiders. This is awesome + +Now for all the good stuff, there’s some downside. \*This is all IMO, not financial advice DYOR, blah blah blah\* + +* Companies that fuel growth through massive acquisition introduce complexity into the corporate structure, potentially choking growth and leading to a downturn in revenue. +* They still are not profitable +* CEO comp is 734,591k p.a (of which 600k came from selling shares. I think. I don’t know, ask Kurt) + +**Future Outlook** + +Tesserent, through its Cyber 360 strategy, continues to focus on building out a one-stop-shop that provides a complete end-to-end cybersecurity solution for its clients. A primary objective is to maximise shareholder value by increasing earnings margins through the growth of high-margin annuity-based income and the inclusion of proprietary intellectual property in its solutions. + +**Goals for FY21:** + +● DeliverCyber 360 capabilities to an increasing number of Australian organisations + +● Integrate acquisitions to maximise synergy efficiencies and drive organic revenue growth through cross-selling + +● Focus on capturing **market share in three key markets: Government (including Defence), Critical Infrastructure and Banking & Finance** + +● Continuing to drive the Company’s acquisition strategy to expand on Cyber 360 capabilities and increase shareholder value through the incremental EPS growth + +● Building out high-value recurring annuity revenue streams + +● Expand proprietary intellectual property to drive high-margin product and service offerings + +● Explore International expansion opportunities with a focus on Australia’s key Five Eyes allies, which consists of the USA, UK, NZ and Canada + +&#x200B; + +I'm not a financial advisor. I work in Cybersec. This is not financial advice. Don't be a crayon-eating cockatoo and DYOR. + +Enjoy your diamond hands cunts. +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) +ASX: ESH +SOI: 3,734m (incl. options) +Cash: $6m (est.) +EV: $39m @ $0.012 + + +eSports Mogul's Kelloggs/eSports Arena HALO 5 tournament kicked off this week and it didn't get a fraction of the interest they planned for. I watched the Twitch stream and it was a shambles, only 85 people participated in the first round (they'd made space for 500). Nevertheless, the matches were played and there are $25,000 real U.S. dollars in prizes on offer ($15k for first place). This tournament's qualifiers will play-out over the course of May and presumably the final stages wrap up later that month as the AGM is scheduled for 26 May. + +I don't care about the low participant numbers like some commentators do, I'm more interested in the functioning of the platform. Low numbers is a slight on ESA, and it also looks bad for Kellogg's. I'll be watching the next qualifiers closely to see how they go, hopefully smoother than the first one. + +In the meantime however, Mogul have fairly quietly launched their second tournament, and this one is more interesting to me than the semi-abortive Kellogg/ESA circus. Earlier today, Razer and a few badged gamers belonging to their sponsored team Tribe Gaming began tweeting about the Razer Invitational. With $30k of prizes of offer it's unlikely to be financially material (remember Mogul had to clarify for the market that the $25k ESA tournament was not material). This tournament is hitting mobile (Brawl Stars) as well as PC (Fortnite, Rainbox Six). + +So for a few reasons this is far more interesting to me as an investor: + +* Razer (@TeamRazer) is far more likely to generate eyes-on-screen interest than \*checks notes\* a stale cereal company. +* Tribe Gaming's three members (\[@\]bentimm1, \[@\]LexMobileGaming,\[@\]natwithaheart) tweeting about this collect several hundred thousand views per YT video, each. +* It's a multi-platform, multi-game tournament. +* Fortnite has a more active following than Halo 5 (don't at me) +* Brawl Stars presence in this tournament is a good sign that Mogul made use of the API access granted by Supercell earlier this year, which means demonstrating steps in the direction of that much larger untapped market that also includes Clash of Kings. + +This is far from enough from the company but it's a second, steadier step in the direction Rubinelli outlined to investors several months ago. + +*Edits: Formatting.* +selling IVZ last week and cancelling my buy of .23 was actually insane... I had so much faith in you Scotty :( but giving 1 : 1 option was too much... + +https://preview.redd.it/mohujdvjhyl91.jpg?width=828&format=pjpg&auto=webp&s=92e00d501f47dd0700da27a6b4782bfd00407a12 +Hopefully this literature post is fine with the mods, I assume whatever is broken within us to shit-post here every day connects our outside tastes in some way. If not, eat my DDeez nuts. + +Continuing from yesterday’s impromptu Book Club post in the [premarket thread](https://www.reddit.com/r/ASX_Bets/comments/z2i5dh/comment/ixgx2at/); thanks to everyone for their recommendations. Replying to everyone seemed like a hassle so I decided to make a post instead. /u/rustysalmon92, /u/bag_of_groceries, /u/Far_Unit9020, /u/PowerBottomBear92, /u/Asxpuntingmuppet, /u/sneakycutler, /u/Competitive_Copy2451, /u/Own_Birthday_1968, /u/Sharp_Pride7092, /u/diggercuz1, /u/rhythm34, /u/Sharp_Pride7092, /u/Zealousideal_Ad642. + +I have a [Recommendations Excel Sheet](https://imgur.com/abF2VCw) going for those interested. The Fatal Shore and Longitude are currently top of my list to read first. If anyone else has additional non-fiction recommendations, feel free to leave them in the comments. + +I also figured I should give my picks. While I don’t pretend to be particularly well read, I also don’t plan to die 100 meters from where I was born: + +[Kitchen Confidential](https://www.amazon.com/Kitchen-Confidential-Updated-Adventures-Underbelly/dp/0060899220) **by Anthony Bourdain (2000, Autobiography)**. It may seem like a bit of a vanilla pick, but I was at the tail-end of binging all of Anthony Bourdain’s TV series when his suicide was announced. It started my tradition of reading autobiographies / biographies of public figures I respect after they die. He truly lived his life in extremes and experiences more through traveling than most of the population ever will. His prose and ability to communicate food and culture to the world are unbeaten. I’d recommend this book to literally anyone. + +[Wishful Drinking](https://www.amazon.com.au/Wishful-Drinking-Carrie-Fisher/dp/143915371X) **by Carrie Fisher (2009, Autobiography).** Continuing with celebrity deaths, shoutout to this incredibly short (176 page) memoir. I enjoyed her perspective on being a conventionally unattractive woman in Hollywood and she mentions some fun coke fuelled antics. For Star Wars stories read [The Princess Diarist](https://www.amazon.com.au/Princess-Diarist-Carrie-Fisher/dp/0399173595) + +[The Cult at the End of the World](https://www.amazon.com/Cult-End-World-Terrifying-Doomsday/dp/0517705435) **by David E. Kaplan (1996, Crime).** Look, sometimes when you start a doomsday cult the world isn’t going to end itself. I’m sure most people know Aum Shinrikyo from their 1995 sarin gas attack on the Tokyo subway but that was just a small part of an absolutely bonkers story of how some blind fuck managed to accumulate power and influence and it was only by sheer luck he didn’t cause mass casualties on multiple occasions. I particularly enjoyed how he tried to get his cult to mine uranium in a cattle ranch north of Perth, and after irradiating a bunch of cattle the Australian government was one of the few countries to tell him to fuck off. + +[The Devil in the White City](https://www.amazon.com/Devil-White-City-Madness-Changed/dp/0375725601) **by Erik Larson (2003, Crime).** An account of H. H. Holmes elaborate murder hotel during the 1893 world’s fair. Sure, it was a horrific event and a lot of people died but he was one of the few serial killers who was having fun with it. + +[Religion for Atheists](https://www.amazon.com/Religion-Atheists-Non-believers-Guide-Uses/dp/0307476820) **by Alain De Botton (2013, Philosophy / Religion).** A recommendation from what I perceive as my edger teen years, I discovered this book through John Safran’s Late Night Safran radio show. The Book’s premise is if God isn’t real then what are the benefits of organised region. While religion definitely has it’s issues, I think as an atheist middle-class teen this gave an perspective on why some people need the in-built trust and support of religion. + +[The Great Successor](https://www.amazon.com.au/Great-Successor-Secret-Rise-Rule/dp/1529387256/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=) **by Anna Fifield (2019, Biography / History)**. A look at look at Kim Jong Un’s rise to power. North Korea is one of the world’s most secretive countries and a hellscape dystopia trying to keep citizens hostage. This is one of the best sourced accounts of modern North Korea and how Kim is eating himself to death with cheese. + +Finally, I haven’t read these books yet but they’ve been recommended enough that I tell everyone I have so they take my financial advice while I down-ramp them into offloads their shares to bots on the cheap. + +[Devil Take the Hindmost: A History of Financial Speculation](https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806) **by Edward Chancellor (1999, Finance)** + +[The Psychology of Money](https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681) **by Morgan Housel (2020, Finance).** +Short DD due to my autism. + +ANP is developing ATL1102 to target Duchenne Muscular Dystrophy (DMD) and potentially the wider inflammation market. + +Wilson’s Advisory Report on ANP states an overweight rating of 57c in the next 12 months. It also states an unrisked valuation of $1.34 assuming commercialisation of ATL1102 in major markets. + +This company is generating serious interest from major pharmaceutical companies. The potential for this stock to rise into a mid cap stock is very real for 2021. + +Oh yeah and... 🚀🚀🚀🚀🚀 + +Edit: I hope some of you autists bought in prior to this week! 📈🚀 +I'm still holding onto LRS. It's been one crazy emotional ride. A ***ANN*** was released this morning with R&D project to reduce methane emission. I know Chris Gale has a bad rep for using several companies as a lifestyle company but I believe LRS would off not approached this unless they are confident with the upcoming Halloysite drill results to back this which will result in PFS. + +Interesting ANN below... + +Speculating price to be 7 cents by end of December. + +So who's with me ? Or am I just simply retarted! + +[https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02453865-6A1063414?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02453865-6A1063414?access_token=83ff96335c2d45a094df02a206a39ff4) + +https://preview.redd.it/70btk8r8ua081.png?width=1492&format=png&auto=webp&s=a46a2b1787b396cd4d20057c80b69b2059190904 + +&#x200B; + +https://preview.redd.it/rden3cqbua081.png?width=1494&format=png&auto=webp&s=f5a3ebcd8536dd58ffc97c162d3668e5815ce40a + +&#x200B; + +https://preview.redd.it/e66m3i0yva081.png?width=2568&format=png&auto=webp&s=0574010b4f8c4654aea47286f04d09dbb2a27690 +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Why? Because the stock market is not decentralized. + +Sure, I switched from robinhood to etrade, but GUESS WHAT...even e-trade blocked trading. + +The curruption isn't the company, it's the system. + +So I gained $900 and bought cryptotendies with the total investment. +Hello my beautiful brothers and sisters! 🐒🦍🦧 + +Things have been feeling rather volatile in here lately. There's been a *lot* of big news, and it might be hard to make sense of it all, so I want to provide some perspective to either soothe you if you're nervous, or jack your tits even more if you're like me. Of course, veteran apes are Zen as ever, but I'm sensing a lot of anxiety from baby apes, so if that sounds like you, pull up a chair. + +I'm going to keep this short and simple: + +# WE. ARE. MAKING. HISTORY. + +&#x200B; + +* **Never before** has a community of retail investors attempted to directly register the entire free float of a publicly traded company. **It is completely unprecedented.** +* ***NO ONE*** saw this coming - not Citadel, the SEC, DTCC, or any other financial terrorism organization. There is no playbook for how to deal with us. +* Since what we are doing is 100% legal and well within our rights as investors, **there is absolutely nothing they can do to stop it.** +* We are a completely decentralized community with no central authority figure telling us what to do, so again, you can't cut the head off this snake. **We are the Great Purple Ouroboros 🟣**🐍**🟣** +* Economic theory is predicated on two principles: (1) fair and efficient markets, and (2) rational and predictable investors. Well, guess what? **Turns out the markets are neither fair nor efficient, and we are neither rational nor predictable.** *Economic theory can suck my small wee wee.* +* In our case, **being irrational is our greatest asset**: see my post on [MOASS as a Low Probability Event](https://www.reddit.com/r/Superstonk/comments/wxbmj9/thoughts_on_moass_as_a_low_probability_event/?utm_source=share&utm_medium=web2x&context=3). + +# Okay, so what's the point? + +1. We are *definitely* going to do it, because of how far we've come already and how motivated everyone here is. I've been monitoring the pace of DRS like a fucking hawk (literally the only thing I care about) since last year, and I am absolutely gob-smacked at how steady the momentum has been throughout. There's no way it's going to slow down *now*, lol. +2. All the FUD and bullshit coming from the MSM, twitter/youtube/tiktok influencers, the casino sub, and the shills/saboteurs on this sub ARE ALL PART OF THE GAME. They are a sign that we are on the right path. +3. Whatever happens will be BIG. Like, REALLY, REALLY BIG. Tendies or not, it will send shockwaves around the globe. It will be front page news on every newspaper from New York to Beijing. Future economic theory will be divided in to "pre-ape" and "post-ape" theories. What the headlines will be exactly, I have no fucking idea, which leads me to my next and final point... + +# ALL I KNOW IS THAT WHEN SHIT GOES DOWN, YOU BET YOUR SWEET BONOBO BOOTY THAT I'D RATHER BE SITTING ON A FAT STACK OF PURPLE CIRCLES THAN NOT!!!!! + +# 🟣🟣🟣🦧🟣🟣🟣 + +Be on the right side of history, folks. BUY. HODL. DRS. +Just thought this was interesting and worth sharing. Every January, Mexico undertakes the biggest oil hedge in the world. This year, they locked in prices at $49 per barrel. Given the drop, its proven extremely lucrative and explain why they have been reluctant to cut production. + +https://www.worldoil.com/news/2020/1/3/mexico-hedges-2020-crude-oil-exports-at-49-per-barrel +$PRTY -> now ranked #9 on Ape Wisdom as more and more WSB Redditors come on-board and rally the stock! + +https://apewisdom.io/ + +https://investorplace.com/2022/08/is-party-city-prty-stock-the-next-big-short-squeeze/ + +https://www.fool.com/investing/2022/08/22/why-party-city-stock-was-climbing-today/ +Recently took my first graduate job where the vast majority of people buy food at the canteen. Fell into this habit thinking “I can afford it if they can”. + +So we are talking £3/day for breakfast and a coffee and £5 for a hot meal and a drink for lunch. Works out around £8/day. + +I work 5 days a week, so that’s literally £160/month in eating at work. That’s not including additional coffees or snacks I sometimes got. + +So the last month I went to the shop on a Sunday and bought a loaf of bread for £1.50, some peanut butter, crisps, kitkats etc. All less than £8 for the week. + +I now transfer that £160/month straight into my savings account on Pay Day and use it so save for the things I really want, like a budget holiday or driving lessons. + +For me, being lazy as fuck, the trick was the buy foods I could just stuff in my backpack and not need to keep them cold. I know some people bring fancy lunch in Tupperware, but even starting the lazy way on this makes SO much difference. +When Apple was at $700 per share a couple years ago, all the analysts had buy ratings and even higher price targets. Since then, the underlying business of the company has improved, they pay a shit-load of dividends, bought back stock, and weathered what you can arguably claim is a transition period of the company. Not to mention it's emerged with a stronger balance sheet and better fundamentals. + +But when the stock was around $400 per share, with the same underlying business, analysts said the company was an also-ran and recommended not to buy it. And now that it's back to to $650, they can't raise their price targets fast enough. + +Uhhh, shouldn't it have been a buy when it was LOW? Now that the business itself hasn't changed (but rather only the stock price has) but the price has gone up 50% in the past year, isn't it less of a buy? + +Thanks Mr. Market for letting me load up more in the $400s. Efficient Market Theory my ass. +I had been working on some DD prior to the initialization of the squeeze, but didn’t finish it in time, and there’s a lot of good DD out there already. I’m going to focus on what’s happening right now (8/9, BBBY down \~20% and what it means). + +**TL:DR;** $BBBY has a lot of underwater short interest that is actively working against a squeeze. Today was a do-or-die moment. + +**Positions:** 11K shares at about $7. Took profits along the way, but I’m holding what I have left to see what happens. + +## Shares, Ownership & Short Interest + +BBBY has been buying back shares for the last few years (terrible capital allocation imo, but that’s water under the bridge) and is now down to **79M shares outstanding from 186M in 2015:** + +&#x200B; + +https://preview.redd.it/olsk42b65qg91.png?width=864&format=png&auto=webp&s=ae9337fa823a6d3a0c2661bda05316a4a6f238b5 + +Currently, institutions and strategic entities are long **84M shares** out of **79M outstanding** \- yes, they are long more than 100% of issued shares. We’re not even talking about float here. + +&#x200B; + +https://preview.redd.it/9shqtnw75qg91.png?width=807&format=png&auto=webp&s=363edeb45e8cfcf1e6cff1ba8ba166e0749ce708 + +As you can see from the blue line in the first chart above, there was one large short cover during the squeeze in Jan 2021, but since then, the short interest has been mostly flat up until July of this year at about 20M shares - despite the buybacks. + +That’s from quarterly short interest reporting. Now, S3 reports that **10M shares were shorted below $7** + +&#x200B; + +https://preview.redd.it/fo7mhoad5qg91.png?width=835&format=png&auto=webp&s=66cc9dacca854c0a0f7e6fd13f121329d3d5e490 + +The short thesis here, again, is bankruptcy. Admittedly, this is not an impossibility, though the higher the share price goes the less likely (given the potential to do share offerings to raise capital). + +So, nutso summary here: + +* **80M shares issued** +* **85M shares owned by institutions and funds** +* **30M+ shares short, with 10M shorted below $7** + +## Price action on 8/8 after hours on 8/9 + +I was pretty attuned to the GME squeeze in 2021 having written a lot of posts as part of my EndGame series. I’m seeing many similarities in behaviors. Here are some notes: + +* Shorts tended to defend the price level of 2x their entry. For GME, this was $15.8, which was defended hard a few times, and when that level was lost it was squeezetown. $15.8 represented **2x the entry price of a large quantity of shorts.** Why is this significant? At 2x the price, your short is now at **-100% and it’s very likely your risk mgmt group is going to shut you down.** +* BBBY started going on 8/8 and in particular after hours. Why did we have a 16% spike after hours? **That started at $12.** **My hypothesis is that there were a group of shorts that entered at $6 and began to get force closed at -100%.** +* Premarket at 8/9 was sitting at **$13+**. If the market opened bbby at $13+, there would have been a slew of force closures from smaller and potentially larger short entities as that would represent -100% for larger and larger portions of the 10M short shares added under $7. **It was critical for shorts to move the price down. Do or die at $13.** + +## So it's do-or-die, what do shorts do? + +* Selling during low volume premarket to establish downward trend +* Shorting via synthetic shorts (short calls / long puts) +* Analyst downgrades + +https://preview.redd.it/snvpahsh5qg91.png?width=560&format=png&auto=webp&s=7ba2111b9a9b32a6f2d5ee0cd540325aedc2a148 + +* Potential astroturfing in WSB (low karma, low post history accounts sharing negative sentiment in daily thread) + * A decent amount of algos follow sentiment in retail, and in addition to shorting you can astroturf social media investing sites to change sentiment +* Once BBBY hits -10%, they can’t short on the bid, so they establish sell walls to keep the price below ask (examples): + +&#x200B; + +https://preview.redd.it/37lifq8l5qg91.png?width=425&format=png&auto=webp&s=7d24eb24f35033e1eae45703a253cdd71e4ba5eb + +&#x200B; + +https://preview.redd.it/05gaejgo5qg91.png?width=825&format=png&auto=webp&s=4126d9fe8c91366f36a8405f4a1ba80dc6e43ebd + +Additionally, today marked the opening of a slew of strikes upward, **which is generally bearish b/c a bunch of retards tend to buy the highest strike, leading to negative pressure on the underlying when MMs later dehedge those positions.** + +## Where does that bring BBBY today? + +1. Shorts have won the day, turning momentum around with a massive reversal from 13+ to $9 currently +2. However, they’re still sitting on 30M shorts, and probably more after today, with 10M+ entered below $7/share. So far, this hasn’t undone the beginning of this squeeze: + +&#x200B; + +https://preview.redd.it/4sosc4oq5qg91.png?width=724&format=png&auto=webp&s=f9a5b5011e344ec6b9aa557df23d3387817b49f2 + +Finally, short shares availability is quite low - **so there's no evidence that shorts have actually covered at all during the 5-day rally.** + +&#x200B; + +[Blue bars: short shares available. Red line is short borrow fee. ](https://preview.redd.it/uz4iys386qg91.png?width=993&format=png&auto=webp&s=524f21743a2735c778e44188acc1800f40be70fe) + +## So what now? + +The long game: The short thesis is bankruptcy for $BBBY. If $BBBY can avoid bankruptcy, the short thesis is squashed and they’ll need to exit. This may not be today, tomorrow, or next month - but that’s the long game. Personally, I’m betting $BBBY finds a way to squash bankruptcy risk which will push this to a long struggle to get out for shorts. + +The short game: It’s generally looking like retail is giving up the short game in the face of many strong short-seller tactics. + +In my opinion, buying OTM calls just helps move the price down as MMs de-hedge, while shares reduce the pool of people that shorts can buy back from. + +## UPDATE: OH SHIT. + +## Just realized. BBBY short interest might be updating EOD TODAY! If that's true, that's another reason for the push down today. + +[https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#:\~:text=All%20short%20interest%20positions%20must,settlement%20date%20designated%20by%20FINRA](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#:~:text=All%20short%20interest%20positions%20must,settlement%20date%20designated%20by%20FINRA). + +&#x200B; + +https://preview.redd.it/zp3pazgerqg91.png?width=601&format=png&auto=webp&s=bd311dc71f1ed2b0f9e542382979200b6079ce48 + +https://preview.redd.it/rlle43jdrqg91.png?width=574&format=png&auto=webp&s=c25a2e12dc3824a2117c0e43d39b666de745a684 + +&#x200B; + +## 8/9 SHORT INTEREST UPDATE + +&#x200B; + +* Between 6/30 and 7/15, **Shorts added 7M shares short of $BBBY** +* Between 7/15 and 7/29, **Shorts added 500K shares short of $BBBY** +* Current official short interest as of 7/29 is **29M shares** [per Nasdaq](https://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest) +* Unofficial ORTEX estimate is at **52M shares short** + +https://preview.redd.it/y3qdr3w44rg91.png?width=1062&format=png&auto=webp&s=15e333cd503312b92384d72c48e58bca1e162a14 + +&#x200B; + +https://preview.redd.it/y8l3d4514rg91.png?width=1068&format=png&auto=webp&s=ef46ec90a88bae180f4191ef2b5b6fc6723d644c + +&#x200B; + +**Why is that significant?** + +Let’s look at [BBBY’s price between 6/30 and 7/15](https://finance.yahoo.com/quote/BBBY/history?period1=1656547200&period2=1657843200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true): + +&#x200B; + +https://preview.redd.it/gtlaxv274rg91.png?width=960&format=png&auto=webp&s=c86cdcafc1bbe3da6e860f6aef081f8c50de7bb2 + + + +**That’s an average close price of $4.9.** + +**7M shorts were added to BBBY’s short basket at an average price of $4.9.** + +BBBY is currently at $10 after hours. **7M shorts are sitting on over 100% loss.** + +&#x200B; + +https://preview.redd.it/m4bv8sub4rg91.png?width=704&format=png&auto=webp&s=09671f8cb013cbf29b2845fe233428de8687e6dd + +Keep in mind in my previous post I shared that I don’t see any evidence of covering. + +Now, let’s look at [BBBY’s price between 7/15 and 7/29](https://finance.yahoo.com/quote/BBBY/history?period1=1657843200&period2=1659312000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true): + +&#x200B; + +https://preview.redd.it/i3p4jxe84rg91.png?width=975&format=png&auto=webp&s=7cfae153a8f11ef2b7e993c2a8edf1fe5a7f1cf4 + + + +**That’s an average close price of $5.08.** + +**500K shorts were added to BBBY’s short basket at an average price of $4.9.** + +## Summary: Shorts R Still Fuk + +So, **7.5M shares were added in a month at an average price of $5,** there’s **no evidence of covering,** and **they’re sitting on a 100% loss at current prices.** + +Yeah, I’m going to see how this all plays out. + +&#x200B; + + +Hi,  I've always known of reddit, seeing shared posts across other platforms but never really got into the forum life until recently when trying to find advice on what to do with a 100k cash.   I google everything,  to the point that it becomes pointless,  though ends up just filling my brain with more information to think about,  worry about etc.  That's a different story.  I want to hear real life advice and experiences to try and work out where to start. + +When I recently found out I was beneficiary to $118k, I went through many emotions.  However after a month although grateful and excited that this might be the step I needed to become better financially, I also see an opportunity to give my child a better future which is everthing to me. + +I've never been able to manage my own money well,  I always manage but I don't believe well, I've always ended up living well enough, and I'm very private about personal and financial that no one would notice. +I am always managing for the short term sometimes week for week.  I've never been able to save,  I want to, I try then just don't,  I can't explain it,  I know I should,  I regret not, I earn enough ($65k pa) to save a little but I always end up finding a way to use it and have never really been in a situation where I've not been able to work somthing out if an urgent bill or car repair is needed.   + +I have a history, while married,  I managed (not well but managed) the finances and had the utilities, credit cards and loans (except mortgage ) in my name for the 10yrs, a hard lesson learnt, they were equally our debt we both contributed to.  Just I owned the account abs he was a secondary etc + +  After separation other half stopped paying anything without his name on it,  depression, anxiety  avoidance and other personal issues meant I took the hit  court ordersed  for everthing in my name and we split the joint debt.  I've spent the last 8 years building myself back from far less than nothing thankfully never having had needed urgent loans or funds and lived mostly within my means and with what I had.  I currently have no credit cards loans or debt.  I do have a Zip Money and Pay account owing about 2k which I pay and use etc  and afterpay which I've used for 2 years a lot and never missed a payment.  + +I have one last default left on my credit score with equifax and an average score (I'll go and check again but it was right in the centre of average) + +I just want advice on where to start,  ideas, others experiences in similar situations. What should I do with $118k (currently in my savings account) that I can live without but also know that I have it want to learn how to manage or even grow it. I do eventually want to buy another house one day, and I'd like to get to a point where I can do that alone. + +I'm 36, single with a 10yo +Hope this is the right thing to post in here for some direction.   +Sorry if this doesn’t meet the exact specifications of this sub but thought there might be a few people with helpful advice. + +I’ve worked at my current role for over a year and am currently 12 weeks pregnant. I haven’t mentioned this to anyone at work yet. + +A new role (promotion from my current role) has come up that I am interested in applying for. The role was discussed 6 months ago and I expressed interest to the manager and was told I was an ideal candidate and should definitely apply. + +However now being pregnant, I’m hesitant to apply for the role, potentially get it, and then go on maternity leave in six months time. Is this something that will alienate me at work and potentially make my role less secure? Likewise if I don’t get the role and then shortly after tell work I’m pregnant, will that likely make me more replaceable to my current boss. + +I’m aware of the legal frameworks around not discriminating against pregnancy etc, more wondering how this will affect me from an overall career perspective. + +Worth mentioning that I am also employed in a state government role, so have a reasonable level of job security. + +Thanks in advance for any feedback! +I know Costco has an amazing $16 minimum wage, but I was wondering if you knew of any job that would pay even more than that? I’m sorry if this question seems ungrateful because of course having a $16 hourly wage would be amazing and such a blessing. It seems like many of you know a lot about the best places to work in terms of pay. + +I need to save money for school. Thank you for any help! I truly appreciate it! +The last ~24 hours may have been chaos if you tried to participate in the Digix crowdsale. The FOMO was strong, the cap was looming, there were unexpected issues, blah blah blah. You can blame anyone you want, but it doesn't fix the real core issue: people were NOT prepared. + +So, instead of waiting until the next big thing launches to FOMO-fart so hard you launch to the ceiling & hit your head and come crashing down, prepare yourself now. Blaming after the fact doesn't solve anything. + +## Research and make an investment decision FIRST. + +This means do your research about the company, the DAO, the contracts, the sale itself, etc, NOW. Stay abreast of ongoing developments via the slack channels, reddit, gitter channels etc. Ask questions. Get answers. + +Decide how much you want to invest BEFORE the chaos ensues. Make that decision and stick with it. Of course, things may impact your decision, but you can plan for these as well. Say, I will invest 100ETH into the sale. IF the sale reaches $50m, I will invest another 100ETH. + +## Get your flipping ETH off an exchange and into a wallet your control + +One of the more common issues were people who store their funds in an exchange. The only funds you should have on an exchange are those in which you are actively trading. If you plan on investing any ETH into a sale, these should be **in a wallet you control.** Preferably, *before* the token sale starts. ;) + +Due to the nature of token sales, the best place for these are in the [official Ethereum Wallet client](https://github.com/ethereum/mist/releases). There are a ton of tutorials on how to download, install, troubleshoot, and get your Ethereum Wallet running. There are answers to every question you have on reddit and stackexchange. Use Google or ask for help. Do this **now**. It will take a couple days to sync. It will take a couple days for you to become familiar with the interface. Set up a new account. Send some tests to and from the account. + +**IF** for some reason you absolutely cannot use Ethereum Wallet, we at MyEtherWallet.com will be providing an interface similar to the Digix interface for you to participate in the Slock.it (and probably other token sales). Again, you should move some test funds to a wallet on MyEtherWallet. Receive some ETH. Send some ETH. Familiarize yourself with the interface and become comfortable. Do you research on us, too. In fact, research everything. You should be comfortable and confident in where you store your ETH. + +## Make sure you have backups of all your accounts! + +Regardless of where your ETH is, **you need to have backups of these wallets in multiple places, in multiple physical locations.** + +- [Here is how to backup your Mist](http://ethereum.stackexchange.com/questions/946/how-to-backup-mist-wallets/1981#1981). + +- [#2a covers how to backup your MyEtherWallet](https://www.myetherwallet.com/#help) + +## So, where should I get help or stay up to date? + +**[The Slick Slock.it Slack Channel](http://slack.slock.it:3000/)** + +The Slock.It Slack channel is *full* of amazing community members who are so helpful. There are over 3000 members and the discussions are not limited to Slock.it. It's a great place to hang out and the Slock.it team, especially rockstar Community man Griff, are around seemingly 24/7 to answer the same questions over and over again. I recommend Googling, searching reddit, or even just scrolling up in the Slack channel, but if you really need your hand held, 3000 people are there to hold your dainty little fingers. + + +**Reddit (DUH!)** + +Obviously, reddit is also an amazing place to hang out. I recommend setting up a multireddit with all the Ethereum-based subreddits that suit you. [Here is mine to get you started](https://www.reddit.com/user/insomniasexx/m/all_ethereum) + +**[The Ethereum StackExchange](http://ethereum.stackexchange.com/)** + +Also a great place for more technical questions. Google will often lead you here, but don't forget, you can sign up and ask your own questions. Do be mindful that your questions should be [stated clearly, with proper grammar, and include all necessary information](http://stackoverflow.com/help/how-to-ask). Please avoid, "help me im stuck and teh world is ending" questions. A big THANK YOU goes out to the amazing StackExchange moderators: /u/Souptacular, /u/mids106, *eth* and /u/5chdn + +**Gitter** + +Most Ethereum developers are on the gitter channels. + +- [Welcome](https://gitter.im/ethereum/welcome) + +- [Mist](https://gitter.im/ethereum/mist) + +- [Geth](https://gitter.im/ethereum/go-ethereum) + +- [EthereumJS](https://gitter.im/ethereum/ethereumjs-lib) + +- and even third-party projects like [Oraclize](https://gitter.im/oraclize/ethereum-api) + +There are a *ton* more gitter channels, too. Maybe someone will post their favorites in the comments. + +I think that just about covers it. I'm sure you'll call me out on any mis-information or things I missed. Feel free to ask questions in the comments. +You lucky motherf$#!$. + +The market is hilarious. There's a reason why NEO tried to advertise itself as the ETH of China, because China is not the player to be concerned about for ETH. (no offense meant to Chinese Devs, you're great, just not the majority share of the effort). + +If you still have disposable income to invest, I'm envious of you. Ethereum remains an extraordinary investment leveraged by massive developer mindshare. All those hard working minds building web 3... +Hello, + +Wondering which project you guys are most excited about when it comes to Ethereum? + +I am personally invested in Golem, and have been looking at Status. +Law 796R §01. Blockchain & Cryptocurrency Law (2.0 hours) Winter Semester Exam: Proctored final exam Enrollment: Unlimited Grading: Standard Grading + +This course will investigate market, regulatory, and enforcement challenges regarding private payment systems, cryptocurrencies, and other uses of blockchain technology. Since Satoshi Nakamoto first published a white paper on Bitcoin in 2009, cryptocurrencies and other uses of blockchain technology have exploded. The blockchain creates the ability to move assets digitally as freely as information moves across the internet and do so without the need for trust intermediaries, such as banks, governments and exchanges. + +Cached text link: + +http://webcache.googleusercontent.com/search?q=cache:CwHo9QS-CvUJ:www.law.byu.edu/Curriculum2/Course_Descriptions.pdf+&cd=1&hl=en&ct=clnk&gl=us + +I think it's the latter. I also think that you should ask yourself this question, sure you might make money investing in it, but I think you should mainly invest if you believe in the future of cryptocurrency. + + +Too many friends of mine that trade stocks tell me to get out of this market, but I just don't want to. +This year is rapidly coming to a close, so I'm going to make some bold predictions ahead of the new year. + +* Over the next few months the market will recover with BTC around 8,000 to 10,000. BAKKT will be ultimately underwhelming, just like Blockchains, LLC. Good stuff, but it will take longer to get any real traction. Prices aren't going to go through the roof overnight. + +* In early to mid 2019 certain projects built on Ethereum will start to gain a small mainstream following...think BAT, games built on Loom, etc. People will start talking about how ETH has matured and may be useful beyond digital cats. + +* In 2019 we'll see lots of long-anticipated Ethereum based projects come to completion. However, I doubt that they will initially see lots of mainstream use. Ex. Augur and iExec mainnets released this year and saw lackluster use. + +* DAI will become a more prominent stablecoin (think top 20 by mkt cap) and see preferred use to corporate issued stablecoins. + +* In 2019 we'll begin to see dozens of established companies start talking about interacting with the public Ethereum chain. The results however will probably be seen in 2020 and beyond. + +* Staking/Sharding will come sooner than most people are anticipating. Development is speeding up big time. We'll have these improvements live on the mainnet before Q4 2019. + +* ETHBTC ratio is going to rise rapidly over the next few months. The Flippening of BTC is a very real possibility in 2019. We could see ratios as high as 0.30. ETH will probably drop back to #2 late 2019 as BTC picks up steam for the Q1 2020 halving. + + +Agree? Disagree? What are your 2019 predictions? + + +If you buy high and sell low you're going to regret it. + +Firstly, this could just be a completely normal dip and we'll hit 5k next week, just when we dipped in Feb trying to hit 2k, before we blasted through it and hit 3k and then 4k. + +But if it is a bigger longer dip and you sell, you're going to regret it. + +It's impossible to time the market. But it's plainly obvious that Ethereum is going to be around in 3 years, 5 years, etc. Every year the technology is better, the adoption greater and the dApp community stronger. + +Medium term: who the hell knows what's going to happen + +Long term: we are the future of finance and decentralization + +^^ This has **never changed**. You need to start framing your investment in Ethereum as a *long term investment* and not a *get rich quick overnight* strategy. Because only those who believe in Ethereum will make money because we have the strength to hold long term because we fiercely believe in Ethereum. +Let’s say I have 500 shares of X company trading at $50 and so my total position value is $25000. + +I realized I didn’t want to have so much exposure so I decided to sell my shares and buy 5 call options deep ITM with a breakeven of $50 just about. + +If the stock tanks 25%, would I lose the same amount of money or would it be less from a gross value perspective? I would assume the upside is the same. +Obligatory this is not financial advice – read on at your own risk and make sure you are comfortable with your own trades. The old age saying of only put money into Crypto that you are prepared to lose is extremely valuable. This post will aim to give you a bit of an insight into how I became successful in trading crypto and give you some real examples of how I read the charts and try to minimize my risk. Day trading or swing trading is not my only tactic, it took me years to get comfortable with a strategy that is successful so I’ll also hopefully give you some tips and tricks that will allow you to also get more familiar with the trading concepts, but while minimizing your risk profile. + +This is my own way of trading and accumulating more crypto - I'm not a professional trader and I don't pretend to be the next big thing. But I've learned a lot over the last few years and have come up with something that works for me - this post explains some of the logic and trading fundamentals that I think about. The post is not to shill any project - it is honest with what I held/am holding - but how and why I did what I did is the important lesson here, not to blindly copy my portfolio or style. You need to get something that works for you. + +**My Crypto trading fundamentals** + +These are some of MY fundamental principles with crypto – again it’s not an exhaustive list and I’ve built this up over the years – but some of these set the foundation reasoning as to why I did what I did. My strategy is far from perfect, but my main aim is to accumulate crypto over time and trust that the fiat value will take care of itself (assuming I backed the right horse) Hopefully you’ll see some of the examples in my journey below – but if you want a tldr version of my post summary, then the below list is where to go. + +1. Research every project you invest into – for 3+ months before you invest. If you cannot explain it in simple terms to a non-technical person (e.g. your Grandma) as why it’s a good investment and what the niche is – you didn’t do enough research or the project is just shit and should be avoided. +2. Do not touch leverage you fucking degenerate +3. Make sure you have the keys / control your own crypto (the majority of your stack should be held offline, but you can trade some of your portfolio on a reputable exchange e.g. Coinbase/Kraken not some tiny shitty one with that has higher chance of going under) +4. Never FOMO – if you miss a spike and pump, you missed the boat to buy more. YOU CAN ONLY SELL into a spike, NEVER BUY. Likewise if the price drops, YOU CAN ONLY BUY into a dip, NEVER SELL. +5. NEVER BUY back in higher than you sold for – even if that means holding fiat for months/years +6. Get a strategy and stick to it – as in do not change your mind. You can continue to DCA, but only review your portfolio/strategy every 6-12 months and see if the landscape has changed and you want to do something differently. +7. Remember it is 100% impossible to perfectly time every single trade (unless you’re a whale with 1B+ in crypto assets that is a market maker). Do not get worried or panic that the price goes the wrong way – you cannot time it perfectly. You do not need to get every trade right – you do not aim for 100% perfection, you just aim to get more winners than losers. +8. Never sell at a loss! (There is a couple of exceptions to this – if you review your portfolio after 12 months and want to change into another project then this is ok. Also if your project goes into a death spiral (see LUNA) – then you’re better to get out with 5% of your portfolio than 0.001%) +9. Have multiple exchanges ready and with KYC completed – don’t just have 1 exchange that could have downtime during a big spike and leave you holding the bags. +10. Do not trade emotionally. Make sure it fits your strategy and principles +11. Plan your exit strategy upfront so you can execute it without emotion – this is part of defining your strategy. Do not try to come up with your exit plan during the hype phase and chase the potential gains – you will never time it perfectly and chances are you fail to cash out enough. (Example strategy, for every x2, cash out 10% so you never lose your entire stack) +12. Lambos are for noobs – when you get money for a super car you will not want to buy one. Porsche's are far better machines +13. I always want some exposure to crypto (never cash out 100% of the portfolio fully to fiat or stablecoin) +14. Do what the opposite of the market says – so check the fear and greed index. (It’s the same as the 2nd point above. Buy when it goes down and sell when it goes up.) + +&#x200B; + +https://preview.redd.it/wu7c7zmhi6f91.png?width=594&format=png&auto=webp&s=547cf4a264d37d1eefc4d1f30ae0aaa8d35c2b6e + +**Where it all started** + +Living in the UK, my first exposure to crypto was mining Bitcoin back in 2012 at University. I joined a mining pool and mined maybe 0.5 BTC which was worth almost nothing, and it’s gone to live with the crypto gods in a landfill somewhere in the South-West. Then I did almost nothing for several years – not even really following crypto developments because I had absolutely no money to buy anything with. (I was a student that used any spare money for beer – I have absolutely no regrets) + +Then at the beginning of 2018, I was encouraged to make my first big mistake in crypto. I was ‘advised’ by my step-father to invest in XRP, because it was almost a sure fire bet. I think I started to buy in on the way down around £0.90 and the price never recovered. What a brutal landing into crypto – I was almost dissuaded, but then I sat myself down and tried to plan out a longer term strategy that would be successful. + +**DCA is your friend** + +My average price was £0.90, on an XRP that was only going down. I was in a lucky position that I was still young (under 30) and being able to make investments while still having my own house (that was priority number 1 which is why I didn’t invest in crypto from 2012-2018 – ask yourself also should you invest in crypto if that money should be better spent elsewhere like a house / medication / car etc). My thought process was – lets go big or go home. If it all goes to 0 – I’m young enough that I can build up another portfolio for retirement. Many people don’t even start in their 20s so if it all goes tits up, I can start again with something safer like stocks in my early 30s. + +So what did I do? DCA. Every damn month without fail, I was buying up XRP. I was not trying to spread my portfolio into many different projects (I was not researching much about crypto and to be honest, I cannot follow 10+ projects properly, I would rather follow one in more detail – again part of my own strategy. I wanted to understand what I am investing in) + +&#x200B; + +https://preview.redd.it/0hoob3aji6f91.png?width=601&format=png&auto=webp&s=699668d1109d3a981ddd7c5b7da153fa11fd72fc + +By the start of 2019 – my portfolio looked something like this, continuing to DCA, the portfolio value was increasing and just about made it to a goal of 100k XRP – I was pumped. My wife (gf at the time) was a little less amused, she didn’t understand this at all and thought I’m just throwing away money in + +**Researching a backup plan** + +So XRP didn’t have a great start, the price was going down and I managed to get my average price to €0.30. (Yes it’s euro’s now not £ – I moved to live in the Netherlands in 2019). I continued to DCA but I was starting to think that maybe XRP was not the only horse I should back in the crypto race. This is when I started to spend a lot more time researching other projects and getting to understand the fundamental differences and the terminology (PoW vs PoS etc). + +2019 was where I made my riches, but I only continued to DCA into XRP. That doesn’t make any sense right? No, you’re wrong. RESEARCH! It is so damn important, the average investor is dumb as a brick and there is so much stupid money in the financial markets its insane. (Don’t get started on DOGE or TESLA stock – but they are prime examples where things are worth way more than they should – it defies logic). + +I was reading up about new projects and trying to find the new project that could come good – I didn’t want a super high risk micro cap that had a big change of going to 0, but also I didn’t want to bet on the big 2… BTC or ETH. So I looked at Coingecko and my strategy was to find a good project that had promise in the top 30. Let’s take a look at the crypto market cap ranking from the end of 2019: + +&#x200B; + +https://preview.redd.it/ckuzn7kki6f91.png?width=602&format=png&auto=webp&s=0c432f6f2c64853dba2535048ffb0ff4894dce35 + +Not all of these projects lived up to their hype – many have come and gone but some have stood the test of time. I was looking for something that would still be around in 3-4 years and ad the potential for more explosive gains. (Logically it seemed less likely to me that BTC would go x10 compared to say Monero which was ranked 16). + +So I spent most of 2019 researching up on projects and getting to find their project communities. **This is a key point** – facts and news are hard to come by in crypto. The best source you can get is from the project itself where you believe you can trust them (there are scam projects and rug pulls of course – if they sound too good to be true then it probably is). But do not rely on crypto news outlets or YouTube shills to give you your crypto news. It’s 2nd hand information and you also receive the info after other people have bought in – they are unloading their bags on you… Don’t be a mug – see fundamental point 2. + +**My first portfolio rebalancing** + +So 2019 has come and gone, I’ve been researching crypto and start to understand a bit more about projects. (I can understand and explain in simple English what the top 15 projects are trying to do, and explain the advantages/disadvantages). XRP was going nowhere and I decided, I’m going to change my strategy. So I sold my XRP and bought ADA. I cannot remember the specifics of what I got out at on XRP, but I had about 100k tokens from DCA and went 100% into ADA and continued to DCA. My average buy in for ADA at the half way point of 2020 was about €0.06. + +Why Cardano? It seemed like a well funded project that was doing things the right way and I had confidence they would be around in 3-4 years and the risk vs reward looked actually in my favour. (Risk was medium with a good potential – at least that’s how I viewed it). Again I’m still prepared to lose everything, but I see that from 2020, ADA looks like it has a brighter future than XRP and it’s time that I eat some humble pie and change direction. + +I did not FOMO and change my strategy when things were not going great with XRP at the drop of a hat, I took my time and made sure I had a solid strategy and logic behind my next move. The biggest fuck up crypto and especially day-traders will do is panic and try to ‘get back their losses’. The past is done and in the past – you can only change the future direction you’re going in so do not get emotional and hold onto the ‘what if’. **PLAN YOUR NEXT MOVE AND STICK TO THE PLAY!** + +**Staking** + +This is not written as an ADA shill, but the big reason I went into Cardano was that I liked their PoS model (there were other projects that had this potential so I could have chosen another, but this is what I picked). Cardano with PoS seemed much fairer than PoW and much more energy efficient. I have to be honest – compound interest is what really got me. At 5% returns per year – you can double your investment within 14 years. TIME IS WHERE YOU MAKE YOUR MONEY with compound interest, set it and forget it! + +&#x200B; + +https://preview.redd.it/17zucy3mi6f91.png?width=602&format=png&auto=webp&s=b350cb79b78b26759b4783b9d12f74dc20c0684e + +The saying of ‘look after the pennies and the pounds look after themselves’ seems like something your Grandma tells you with her words of wisdom – but this is how pension funds make their big gains over longer time periods. This is why I love staking and think it’s a legit way to accumulate more tokens. If the price remains stable then you’re happy earning rewards! + +**Following market pairs** + +Staking after a year and continuing to DCA.. My ADA portfolio was growing. The price was also starting to increase and ended 2020 at around €0.20 – I was now up on my €0.06 average and a bit happier – my perseverance and strategy was starting to pay off. DCA during that bad years of 2018 and 2019 had grown my portfolio in terms of fiat, but then the switch to ADA was what made this play successful. + +Tracking market pairs is really important – when it comes to rebalancing your portfolio it is probably one of the most important metrics to look at. I do not like looking at the charts of each token in USD or EUR because they often are pretty correlated, I want to see the strength of 2 projects side by side, so make sure you follow the charts of a specific pair! See XRP/ADA example + +&#x200B; + +https://preview.redd.it/v21hzkmni6f91.png?width=602&format=png&auto=webp&s=3aacfe2d3825a163383309732080e6b5ad545101 + +**Swing / day trading doesn’t seem that difficult?** + +Swing / day trading seems so easy right? But the stats seem to suggest that 90% of day traders lose money. They are correct – most people fail with fundamentals and panic. They rush into something and FOMO or invest in something they don’t understand. Following some of my fundamentals above should help you combat some of this – but again it is not easy. + +How did I start? + +Well, for the end of 2020 and beginning of 2021, the price of ADA continued to go up but staking and DCA was getting a bit boring. I wanted to look into getting alternative methods to increase my stack and I was getting more confident in crypto having spent longer here. I wanted to dabble with day trading but I was a bit concerned I could lose money and wanted to ‘test the waters’ before I jumped in with both feet. + +So I started to manually track what trades I would make based on the current price in excel. I never actually made the trades – but I would say to myself, this is a prime selling opportunity – lets play around with selling 5% of my ADA stack and trying to buy it a bit lower to increase our token amount. I’d then manually say to myself – ok this seems like a nice time to buy back in and would manually input into excel what I would have made, and I did this for 6 months without even trading anything! + +Then the moment came – after being successful in trading (hypothetically of course) the time came to put my money where my mouth is and start to trade with my own money. This is psychologically a big barrier to overcome and will test your nerve – but you need to have the stone cold killer mindset. This is just you executing a plan and strategy without emotion – you do not FOMO. You simply look at the charts/numbers and if they tell you to sell, you sell. + +**My swing / day trading principles** + +These principles are on top of the crypto fundamentals I listed above - again these are MY principles that I use to execute - you may disagree with what I do but this is how I am happy with balancing my risk profile. + +* You can only trade when the market is volatile – so if it isn’t right it isn’t right. You cannot force it. I can trade multiple times a day for several weeks in a row then go for a month or 6 weeks without trading anything! I never try to force anything and only make the trade when my gut says this ticks all of the boxes +* Sell into pumps – market wide pumps or project specific is fine. (Project specific pumps can last longer than market wide pumps on a day trading scale – so you need to check the rest of the market. If your project is up 15% and the entire market is flat – maybe check a bit more into why this is happening and time your exit over the day (read this as DCA out)) +* Set yourself a maximum amount of your portfolio that you will cash out into pumps (e.g. Lets say I hold 100k ADA, I will only ever max sell 20k in 5k increments as the price keeps going up – if it continues to go up then I hold the remaining 80k and wait to rebuy. If the price never comes back down – then I’ve just taken profit on the way up and hopefully it’ll be pennies in comparison if it is a legit moon shot and you won’t feel so bad) +* Check the volume and order book for your project on your exchange! See what the support levels look like (if there is a big wall at a psychological level e.g. 20k for BTC – probably it bounces off – so it’s an ideal selling opportunity to buy back lower) – if the trading volume if high on a specific day – then it’s a great opportunity to dump your bags and buy back in cheaper1 +* Do not try to time your buy back in to be perfect – you won’t catch it at the fullest extent of the dip. For my tactic – I refuse to buy back in without making 2% on an individual flip – with the aim to complete this 4-5 times in a day if the markets are volatile – trading on 15 min charts. (The project can start and end the day at the same level but if can flip 2-3 times then I am growing my stack while the market is relatively flat). I personally, will go for bare minimum 2% on a flip, but can be upto 15% if the market tanks. I’m not holding fiat for long max 1 day if the markets are going down but also if the price continues to go up – I’ll sit and hold for as long as it takes to buy back in even if that takes months (again I only sell max 20% on my stack in smaller increments) – I am not looking to time it perfect and do not think in fiat terms. I think about how much of my ADA I was able to get each trade. +* Build yourself a tracker in excel where you can track your trades and give yourself some perspective on how you are getting along – bonus points if you build yourself out a compound interest calculator & exit strategy into it to. +* I only make trades when I can manually do them myself when I am awake – meaning I do not set limit orders. I want to be in a position to make the trade myself and reach the market sentiment and charts – again this strategy might hinder me – but it’s what I’m comfortable with. (Only exception to this can be setting a real low buy price and hope some idiot fat fingers a trade – these tend to happen maybe once every 3 months on Kraken/Coinbase for lower liquidity projects and you can hoover up free money this way – best fuckup someone ever made for me gave me 5k free ADA lol) +* Always have a small % of fiat available to buy a ‘black swan’ type of event – or a big unexpected dip. I don’t believe crypto will disappear but I always have some fiat on hand separate from my normal day trading money ready in the event the market turns bad and you see 40% discounts across the board in a single day. + +**2021 – the year of ATHs** + +2021 was incredibly and absolutely life changing. I managed to execute my exit strategy and buy myself a nice house and Porsche GT3. Pic of the beast for those car enthusiasts: [https://preview.redd.it/z7n5mh53dnt71.jpg?width=960&crop=smart&auto=webp&s=ea7ff4d2c4cad3ae1522c434a954c58f35030736](https://preview.redd.it/z7n5mh53dnt71.jpg?width=960&crop=smart&auto=webp&s=ea7ff4d2c4cad3ae1522c434a954c58f35030736) + +I cashed out max 50% of my stack and continued to stake, DCA and swing/day-trade. Getting to a point where at the end of 2021 I had traded over $40m in volume and a net worth of over 7 figures. It’s absolutely unthinkable to me that this was possible and I still pinch myself to this day – all of this is not real and just numbers in an app somewhere until you cash out. Life is too short and you can get hit by a bus tomorrow – make sure you do take advantage and cash out some of your profits (even if you’re a little crypto shrimp and that is taking your partner out for dinner instead of buying a house) – get something out of it! If crypto goes to 0 – you better be damn sure you come out of it better than you went in. + +**The second portfolio rebalancing** + +ADA had given me incredible returns, with a DCA in and a DCA out – for the profits I was taking I was up x25. It was time to start planning my next portfolio rebalancing. I’m always continually researching and reading up on crypto – so I already had an idea on where my next project could be (I’ll mentally have a top 5 other projects that I would invest in to be prepared). In the summer of 2021 I decided to exit my ADA position and move into LRC – where I remain with 100% of my position until this date. I continue to swing / day trade successfully albeit with lower volumes because the market is not pumping. + +**Where do I think I can improve my own strategy?** + +This is a difficult one – but probably having a better strategy for bear markets. I do great selling into pumps – but if the market is going down, I only have so much fiat to be able to buy the dip. I will continue to DCA but I should be looking at the MACD trends and be able to accumulate more on the down trends. I could improve this by cashing out more on the bench and waiting for a longer dip to take place – but I get anxious with less crypto exposure. (I do not want to miss the pump). Therefore one of my strategies is to make sure I never cash out all of my crypto – only small %’s at a time. (Remember my goal is to acquire more tokens without exposing myself to holding large amounts of fiat to miss a pump - I hope I backed the right horse and over the medium-long term - the fiat value of my stack will take care of itself) + +Also as my portfolio grows even more – I should start to invest into other projects and split the risk rather than going 100% in one project (I know this – but I do not have sufficient time to research 5+ projects sufficiently enough and stay up to date with the news - I will de-risk in the future and spread my eggs in multiple baskets - this will probably happen in my next portfolio rebalancing) + +I hope my journey was an interesting read and you maybe learned something new. My journey is far from over and my biggest advice is to just plan and research your own strategies that you can execute. If you do this – then you are much more likely to be non-emotional when it comes to trading and that is where a large amount of the 90% of failed day-traders go wrong. I don't just use 1 technique to make money with trading - I use several. My main ambition is to increase my stack size, whether through DCA, swing trading, day trading or staking. +As the FTX-saga continues also the false articles aiming to shill SBF are continuing. In this [post](https://www.reddit.com/r/CryptoCurrency/comments/z0acqz/the_media_is_constantly_whitewashing_the_actions/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), I say how various media-outlets are just trying to whitewash the actions of FTX and especially SBF, as SBF was the person to give hundreds of million to them in “political contributions“. Those articles were just talking about how good SBF was and basically were just a neutral biography of a person that scammed millions of people for millions. + +Now the first are actually starting to talk about the crash and fraud of FTX and SBF itself but even now they are trying to shift all the blame away from their actual poor management and the fact that they were using customer funds for their own gambles. As we can see in this article of the Wall Street Journal: + +&#x200B; + +[Conclusion of the WSJOpinion article](https://preview.redd.it/4qr3q5bc8j1a1.jpg?width=1235&format=pjpg&auto=webp&s=78db28e3b31bcead59c9a75fc386ab0622577786) + +They are basically saying that the reason for the FTX collapse is that their “supporters“, which actually means the customers for them somehow have “betrayed“ them. Which does not make sense as SBF clearly was betraying everyone from day one. Also the article includes a very unnecessary comparison between Trump and SBF. + +For a small fun fact, even Elon Musk straight out spoke that they are wrong: + +&#x200B; + +https://preview.redd.it/u8aakpwf8j1a1.jpg?width=1150&format=pjpg&auto=webp&s=6619e8b59300d48b49115e9636450e3696a7e9d9 + +It is clear that the article now at least knows that there were mistakes made at FTX and with SBF, causing this debacle but are not really pointing out how SBF was filling his own pockets and lobbied to the White House with the money of customers too. +Hi everyone, + +I have been selling covered calls on some stocks that I have a low cost basis in, primarily TSLA and V. I generally sell roughly 45 DTE and have targeted a low delta on TSLA, roughly 10 or below since I would prefer it not get called and do the normal 30 delta on Visa. So far no issues with this strategy. + +While browsing Reddit a few months ago, I came across this graph in another post showing the [Option Premium Time Decay](https://preview.redd.it/s3hl0wekv5p51.png?width=586&format=png&auto=webp&s=68e42cee750063a6932f96c151a8fb779f292467) +with curves for OTM, ATM and ITM. + +Looking at the chart with my eyeballs only, it seems for OTM options the steepest part of the curve is between roughly 75 and 45 days. After that, it decelerates quite heavily. If we are targeting max theta decay, why are many people, including me, selling OTM options at 45 days when the steepest part of the curve has already passed? + +Would we be better off selling options 75 days out and then closing after about a month? + +Are there some risks (besides time) or mechanics that I am not grasping here? + +Thanks for the helpful discussion! +Option Guidelines I have developed and refined over time. Please feel free to add your own and or critique mine. I know there are far more experienced sellers than me. + +My results since I joined the website: + +https://thetagang.com/catchyphrase + +Selling Puts + +1. No entering positions in morning. Only after 11:30AM, preferably 1 hour before closing bell. +2. No premium under $1 +3. No selling puts with > -.15 delta +4. No theta less than $5 if expiration over 20 days +5. No expiration over 35 days +6. No expiration under 2 days +7. No holding until earnings +8. No meme stocks +9. Gains over 20% automatic OCO stop limit order to get out at 90% or 15% +10. Gains over 50% in less than 1/3 time till expiration, must exit. +I've always been wary of selling premium and never ventured into shorting calls. But I realized I've been long these deep ITM LEAPs for quite some time and I could've been selling calls against them to get premium right? I believe this is called poor man's covered call. Am I missing some obvious drawback or is it as simple as I'm thinking? I feel like even if the stock kept rallying, my LEAPs would gain so much that I wouldn't mind the short call's loss. What is the best time frame to sell calls in the short term? 1 week? 4-6 weeks? +Been doing equity options for about a year mostly selling puts, credit spreads, and CC. ROC is about 40% on a 100k Portfolio. + +I tune into tastytrade a few times a week and they mention how futures contracts are flexible and you can trade them throughout the day. + +I was wondering what are you thoughts and experience with them? Whats your reason for trading them? is the worth the risk, ROC, and extra time putting on these positions? +I've studied, practiced, and learned for the previous six months. Finally dumped some cash into my smaller brokerage account to try this for real. Looks like I'm slowly earning money and the only loser so far is that one AMC trade, so my wins have made up for it. I could have done a few things better and I've adjusted my strategy accordingly based on what I've learned. Going to just keep doing this for another few months and if everything continues to go well, I've got some more money I can dump into this account plus I have the larger brokerage account that I can use as well. I just wish I'd discovered this many years ago. + +https://preview.redd.it/c4o48bdqsze71.jpg?width=800&format=pjpg&auto=webp&s=0f4bc2d3f6c1ad7069abc445a61656c82864f8d5 +I found myself in a good position, but not sure what do from here. + +A few weeks ago I bought an AMD Sep 2022 **$170** Call LEAP for 2.99. The premium is now up to 19.78. + +I got in with the idea of holding it until mid-next year but did not expect the recent AMD pop. I also read about the potential AMD and Xilinx merger. My understanding is that it's best to close positions before mergers. + +Any suggestions? What are other long AMD call holders doing? + +**EDIT**: Deleted my previous post on this topic as it was utterly confusing given my mistakes while posting. + +**EDIT 2**: Thanks guys. Followed everyone's advice and STC once the premium hit 22.40. +When I listen to tasty trade, they often talk about managing delta/having delta neutral strategies. + +While I understand delta, I'm confused wrt the execution. + +For example, if I sell a 30d put on AAPL, I'll be long 30d. And if I do that for another 2 stocks for eg, META & AMZN, I'll be long 90d in total. + +Now in order to "manage delta" does that mean I should sell some calls as well to make it delta neutral? When I sell the calls, should I sell against the same underlyings as my long delta or can I just use beta weighted delta against spy to hedge the delta? + +Also, the reason for this I presume is to not be directional and let theta do it's work? + +Appreciate all education. Thanks! +Hi all, + +Firstly, thanks for having such a great community. It's pretty daunting as a newbie, as just *so much* to learn. I'm not complaining though! + +I also want to say thanks to [u/ScottishTrader](https://www.reddit.com/u/ScottishTrader/) for a great post on the wheel ([The Wheel (aka Triple Income explained)](https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/)), which really got me thinking about what my future could hold, as I'd just lost my job. I also want to say thank to [u/lama\_in\_my\_room](https://www.reddit.com/u/lama_in_my_room/) for sharing the watch list of stocks ([Watchlist of 80 stocks for selling puts / wheeling](https://www.reddit.com/r/thetagang/comments/icqysb/watchlist_of_80_stocks_for_selling_puts_wheeling/)) which was a great starting point about what makes a suitable stock for a CSP (and I don't mind admitting that I'll keep on using that list too :) ). + +So after plenty of reading, I'm keen to get experienced feedback on what I feel my daily routine would be. Typing this out has certainly helped me shape my thoughts upon what my daily CSP journey could look like. + +I'm also hoping that this thread will in some small way support other newbies in deciding to take the plunge, given that I've learnt so much from this sub. + +For starters (and this won't come as a surprise to you), my strategy is $100,000 account, max trade size 5% of account and max stock value $50 (increasing appropriately as max trade size value increases due to hopefully increased portfolio value), with 50% of account kept for opportunities. + +**My draft thoughts on a daily routine goes as follows** (suffice to say, updating my tracking spreadsheet every step of the way, and starting with a big mug of coffee): + +# Review open positions + +1. For existing CSP where =>50% profit has been achieved, close. +2. For those at 21 DTE, review profit level and as long as BE achieved, close. +3. If any CSP strike price challenged, review chart to look for a trend, and either roll as required (if trend downwards), or if premium can't be achieved by rolling/price steady-ish/stock price has gone below strike price, prepare to be assigned stock. Do not close early with adverse cost impact, simply to get out of the position. +4. If any stock has been assigned, review chart to establish if it's an 'up' day, identify any trend and ADX indicator, then look at option chain to place CC =>BE (conditional CC if choosing a strike below BE), or just sell if BE has been met. +5. If assigned stock is unstable, review charts and wait for it to stabilise. Upon stabilisation (from review of charts and analyst sentiment), commence selling CSP to reduce BE and keep fingers crossed for stock improvement (apply typical process). **\[I'm keen to identify other indicators of stabilisation, so please share :)\]**. +6. For any existing CC, review just to keep informed of position 'health'. + +# Selling new CSP + +1. Check availability of funds for selling CSP, ensuring 50% of account left free. +2. Prioritising stock with CSP closed that day for =>50% profit, review all stocks on watch list for positive analyst rating and valued between $10 and $50, and the ER and dividend date. Discount those with ER and dividend within 30-45 days. +3. For those stocks identified as from the watch list review, check industry sectors against existing CSP. Have no more than two CSP in any one sector. +4. For those stocks which remain, look at chart for current stability (doji, trends, position in relation to SMA50, ADX). If there's recent doji behaviour, a downward trend, price is +/- 10 of SMA50 and ADX indicating negative behaviour, then don't select stock. +5. Review 30-45 DTE options chains for stocks identified above, and choose desired premium between 20-30 Delta, at whichever DTE offers highest % ROI. + +# Strategy and personal development + +1. Check new posts on [r/thetagang](https://www.reddit.com/r/thetagang/) for community updates. +2. Review [thetagang.com](https://thetagang.com/) for recent CSPs sold, for further personal development and potentially new stocks to review, to add to watch list. + +# Monthly account review + +1. Review watch list for profitability, cashflow, institution and insider ownership percentages. Remove from watch list if fundamentals declining, but add to 'archive' watch list for quarterly review. + +**My newbie questions** + +Soooo many questions, but these are a few for starters. I've read lots, with so much more left to read and I recognise I have *plenty* left to learn. At this stage in my learning, I would really benefit from the opportunity of asking some stupid questions. So here goes (please, be gentle!) + +1. Should I look to sell CSP on a market 'down' day, for increased premium which may not actually reflect the overall positive health of the stock? Or is this already factored in to the premium? +2. When reviewing my watch list, are there any particular chart indicators I should be looking for prior to considering if I should sell a CSP? Or purely focus upon 20-30 delta at my desired DTE, and IV? +3. Speaking of which, what do you consider as high IV, as a threshold to selling a CSP? +4. Is step 4 in 'Selling new CSP', overkill - should I just focus upon IV and Delta? +5. When considering closing a CSP, are there additional indicators to =>50% profit and/or 21 DTE which it would be beneficial to consider? +6. Regarding a challenged strike price, at what sort of percentage away do you tend to consider rolling? +7. If I'm honest, I'm keeping 50% of my account aside for opportunities, simply because it's recommended in a few threads I've read. But what *are* these opportunities I should be looking out for? +8. Which broker would be considered 'best' for a newbie, who is looking to have a very active account using the strategy I describe above? I'm currently paper trading with IBKR (TWS), though tempted by tastyworks due to what appears more of a focus upon options, and their educational content. It feels like the right level of hand holding for me as a newbie, but I know there's more to it than that, though pricing structure seems pretty good too. That said, IBKR seems pretty powerful and I'm familiar with TWS (but am I really going to use all that functionality...) + +Thanks for reading, and I'm looking forward to the feedback (which will no doubt include "You still have plenty of reading and learning to do!" +Hi all, + +Firstly, thanks for having such a great community. It's pretty daunting as a newbie, as just *so much* to learn. I'm not complaining though! + +I also want to say thanks to [u/ScottishTrader](https://www.reddit.com/u/ScottishTrader/) for a great post on the wheel ([The Wheel (aka Triple Income explained)](https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/)), which really got me thinking about what my future could hold, as I'd just lost my job. I also want to say thank to [u/lama\_in\_my\_room](https://www.reddit.com/u/lama_in_my_room/) for sharing the watch list of stocks ([Watchlist of 80 stocks for selling puts / wheeling](https://www.reddit.com/r/thetagang/comments/icqysb/watchlist_of_80_stocks_for_selling_puts_wheeling/)) which was a great starting point about what makes a suitable stock for a CSP (and I don't mind admitting that I'll keep on using that list too :) ). + +So after plenty of reading, I'm keen to get experienced feedback on what I feel my daily routine would be. Typing this out has certainly helped me shape my thoughts upon what my daily CSP journey could look like. + +I'm also hoping that this thread will in some small way support other newbies in deciding to take the plunge, given that I've learnt so much from this sub. + +For starters (and this won't come as a surprise to you), my strategy is $100,000 account, max trade size 5% of account and max stock value $50 (increasing appropriately as max trade size value increases due to hopefully increased portfolio value), with 50% of account kept for opportunities. + +**My draft thoughts on a daily routine goes as follows** (suffice to say, updating my tracking spreadsheet every step of the way, and starting with a big mug of coffee): + +# Review open positions + +1. For existing CSP where =>50% profit has been achieved, close. +2. For those at 21 DTE, review profit level and as long as BE achieved, close. +3. If any CSP strike price challenged, review chart to look for a trend, and either roll as required (if trend downwards), or if premium can't be achieved by rolling/price steady-ish/stock price has gone below strike price, prepare to be assigned stock. Do not close early with adverse cost impact, simply to get out of the position. +4. If any stock has been assigned, review chart to establish if it's an 'up' day, identify any trend and ADX indicator, then look at option chain to place CC =>BE (conditional CC if choosing a strike below BE), or just sell if BE has been met. +5. If assigned stock is unstable, review charts and wait for it to stabilise. Upon stabilisation (from review of charts and analyst sentiment), commence selling CSP to reduce BE and keep fingers crossed for stock improvement (apply typical process). **\[I'm keen to identify other indicators of stabilisation, so please share :)\]**. +6. For any existing CC, review just to keep informed of position 'health'. + +# Selling new CSP + +1. Check availability of funds for selling CSP, ensuring 50% of account left free. +2. Prioritising stock with CSP closed that day for =>50% profit, review all stocks on watch list for positive analyst rating and valued between $10 and $50, and the ER and dividend date. Discount those with ER and dividend within 30-45 days. +3. For those stocks identified as from the watch list review, check industry sectors against existing CSP. Have no more than two CSP in any one sector. +4. For those stocks which remain, look at chart for current stability (doji, trends, position in relation to SMA50, ADX). If there's recent doji behaviour, a downward trend, price is +/- 10 of SMA50 and ADX indicating negative behaviour, then don't select stock. +5. Review 30-45 DTE options chains for stocks identified above, and choose desired premium between 20-30 Delta, at whichever DTE offers highest % ROI. + +# Strategy and personal development + +1. Check new posts on [r/thetagang](https://www.reddit.com/r/thetagang/) for community updates. +2. Review [thetagang.com](https://thetagang.com/) for recent CSPs sold, for further personal development and potentially new stocks to review, to add to watch list. + +# Monthly account review + +1. Review watch list for profitability, cashflow, institution and insider ownership percentages. Remove from watch list if fundamentals declining, but add to 'archive' watch list for quarterly review. + +**My newbie questions** + +Soooo many questions, but these are a few for starters. I've read lots, with so much more left to read and I recognise I have *plenty* left to learn. At this stage in my learning, I would really benefit from the opportunity of asking some stupid questions. So here goes (please, be gentle!) + +1. Should I look to sell CSP on a market 'down' day, for increased premium which may not actually reflect the overall positive health of the stock? Or is this already factored in to the premium? +2. When reviewing my watch list, are there any particular chart indicators I should be looking for prior to considering if I should sell a CSP? Or purely focus upon 20-30 delta at my desired DTE, and IV? +3. Speaking of which, what do you consider as high IV, as a threshold to selling a CSP? +4. Is step 4 in 'Selling new CSP', overkill - should I just focus upon IV and Delta? +5. When considering closing a CSP, are there additional indicators to =>50% profit and/or 21 DTE which it would be beneficial to consider? +6. Regarding a challenged strike price, at what sort of percentage away do you tend to consider rolling? +7. If I'm honest, I'm keeping 50% of my account aside for opportunities, simply because it's recommended in a few threads I've read. But what *are* these opportunities I should be looking out for? +8. Which broker would be considered 'best' for a newbie, who is looking to have a very active account using the strategy I describe above? I'm currently paper trading with IBKR (TWS), though tempted by tastyworks due to what appears more of a focus upon options, and their educational content. It feels like the right level of hand holding for me as a newbie, but I know there's more to it than that, though pricing structure seems pretty good too. That said, IBKR seems pretty powerful and I'm familiar with TWS (but am I really going to use all that functionality...) + +Thanks for reading, and I'm looking forward to the feedback (which will no doubt include "You still have plenty of reading and learning to do!" +**DISCLAMER**: None of this is financial advice. Or even advice. In fact, probably don’t even listen to me – I am pretty sure there isn’t a single wrinkle on my brain. + +# Introduction + +Last week I saw [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/)’s very interesting post about there being a pattern in the price and I thought one of the few things I know how to do (other than buying and HODLing) is to hack around with data in Python. I thought that if there is a pattern, we should be able to get a computer to confirm what [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) saw with her very astute eyes and possibly reveal some more. + +My objective from the outset was to validate what [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) saw, see if there are any other hidden patterns in GME’s chart, and if these patterns exist across the market at large or just GME. + +This shouldn’t be interpreted as DD or TA as I don’t really know much about markets and I am approaching this from a purely pattern-matching perspective. My hope is someone with a few wrinkles will see this and might find it useful for some actual DD. But don’t worry! I know we all like dates! So there will be a date at the end to get you hype. + +# Methodology + +To do this, I downloaded the last year of the stonk’s price data using the [yfinance](https://pypi.org/project/yfinance/) and played around with it in python. + +The basic idea is to: + +* cut the data up into chunks of length *n*, with a chunk for each day +* compare every chunk to every other chunk and give them a score for how similar they are +* collect the pairs of chunks that are most similar +* repeat with different chunk lengths to minimise any effect picking one at random might have +* look to see if any of the collected matching pairs have similar time gaps between them +* see which dates they belong to + +I tried to keep my methodology as similar to [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) and she spent a lot of her post trying to line up candles so I attempted to normalise each chunk by making the price at the first day 0 and divide all the values by the difference between the maximum value and minimum value in the chunk. The effect of this is that we should be looking only at relative change without something like the absolute price or the rate of price movement affecting it too much. I also used the maximum of the open and close price as the value for the day (i.e. the top of the candle) to be as similar as possible to [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/). + +As for how I chose a good match – I took the top 1.5% of all the matchups based on the root mean squared error between the two graphs. + +# Show me some pretty pictures + +Running this over a bunch of chunks (or window) lengths, we can plot a heat map showing where there are lots of matches for a given number of days between features: + +[Did I just spend all weekend making a matrix simulator?](https://preview.redd.it/96c6x5m0gra71.png?width=1500&format=png&auto=webp&s=8d20078b0f4457e288898fdf6ba55f1bfdb3a000) + +This graph is kinda pretty and shows where there are repeating patterns, but it doesn’t show us if any pattern is much more likely than the others. + +Taking the sum of each column and plotting this, we get a graph where the peaks are the most gaps between similar features. For GME, we see there is a really clear peak at 88 days. + +[88 is pretty close to 90 if you ask me.](https://preview.redd.it/pv5kyr42gra71.png?width=1800&format=png&auto=webp&s=e36f2e3a6989fefdf9a8faf105cb434a3bc0221b) + +We can then look at which dates contributed to the peak: + +[Looks like we are lining up with \/u\/PWNWTFBBQ](https://preview.redd.it/uoh65lf4gra71.png?width=1200&format=png&auto=webp&s=9c72cebb8fa7fab39856bf4121db01b328b1a270) + +This is where things get exciting! The two large peaks on the RHS correspond almost exactly to the dates (10th of March and 15th of June) put forward by [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/). The computer validates what she saw! + +I have highlighted the similar regions found by the computer here: + +[The colours don't mean anything, it was just a happy accident that green ended up on an increasing part and red on a decreasing part.](https://preview.redd.it/cwnd2196gra71.png?width=1800&format=png&auto=webp&s=b83fa173a7746a4677996a4d724b116f42bdf5db) + +But this is where things also get a little disappointing. I was hoping there would be other matches going back in time past March in the same pattern and we would see that [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/)’s observation was just the latest in a long line of manipulation. Instead, there is a pattern at a similar timeframe, but it is about 125 days before March 10th. There is a possibility that this is due to the Hedgies going for a nice long Christmas break before a final attempt to kill Gamestop, but like I said, I don’t do DD, I just make pretty lines on the screen. + +What I did find interesting though is the 46-day pattern seems to repeat itself pretty consistently: + +[Look at all the overlap!](https://preview.redd.it/thrkb218gra71.png?width=1200&format=png&auto=webp&s=1e677823c8b8a93f693815e606ad21c92e9d8242) + +[There is only about 10 days of overlap for each one, so I'm not convinced this is real.](https://preview.redd.it/ofnbwzw9gra71.png?width=1800&format=png&auto=webp&s=b1ef642208c99155ce82badb5a9ea096cbe04271) + +Does this relate to some T+x cycle? Is the 90ish day pattern actually two 46ish day cycles? I don’t know. I don’t even really know what T+x even means. I am only a small step up from crayon scribbles here people so dont expect magic. + +One nice thing about using a computer is we can see if these cycles are just GME or related to the market at large. + +So here are some pretty pictures for some other stonks and indices that I thought might be of interest and shows that the algorithm isnt related to the market as a whole. + +https://preview.redd.it/3ug8sjtsgra71.png?width=1800&format=png&auto=webp&s=9529c117375dcdf720a39cb14cc0448e0b4d3f4c + +https://preview.redd.it/9nrhab1ugra71.png?width=1800&format=png&auto=webp&s=845ebe084973490bc0b5e8929aa4b5188d04f2cd + +https://preview.redd.it/xhfi427vgra71.png?width=1800&format=png&auto=webp&s=d52c4540aed482990540b080d860d6ed03236d82 + +[My code did not handle the overlap well at all.](https://preview.redd.it/yvv7yt0wgra71.png?width=1800&format=png&auto=webp&s=db5882ef69dc6a5019c3598f513a99a66583eab7) + +https://preview.redd.it/4j79arw5hra71.png?width=1800&format=png&auto=webp&s=8d35d26631b10b1911adb040205f21b05d9d4175 + +https://preview.redd.it/a4ol2ok6hra71.png?width=1800&format=png&auto=webp&s=5768516d0feed28d0e30bc05a9b1f50f5f8c79e6 + +https://preview.redd.it/7jdzppq9hra71.png?width=1800&format=png&auto=webp&s=13275533930197d9591cb64af7382beccdc0808d + +https://preview.redd.it/pzisny2bhra71.png?width=1800&format=png&auto=webp&s=c7fea39d73a45a97690e1ed881564dda5c755dfd + +https://preview.redd.it/0eeqj1mkhra71.png?width=1800&format=png&auto=webp&s=5f9b325d5d7a21f874a42d2222c6de437c4159b9 + +https://preview.redd.it/vyqer63lhra71.png?width=1800&format=png&auto=webp&s=349b46b15060907cc28997573e6e98dcd48a333d + +&#x200B; + +https://preview.redd.it/cs6h9z5chra71.png?width=1800&format=png&auto=webp&s=ea501cdd3c411b6249a8a0fca871206d0bc32cef + +https://preview.redd.it/d5qve8tchra71.png?width=1800&format=png&auto=webp&s=e4cf6911ea726ec56c55467b9a2b2691f5dfcbca + +&#x200B; + +# Conclusion/TL;DR + +The computer confirms that [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) definitely saw a repeating pattern, but this pattern doesn’t extend further back in the past and doesn’t relate to other stonks or the market itself. + +Just give me a damn date + +Uhhh…I dunno. Let’s say 88 days after June 3rd so that will be August 30th. + +This took way longer than the few hours I thought it would take so I'm gonna take a little break from this project but I'll try and clean up my code and upload it for anyone that is interested in playing with it. + +EDIT: Now with added [git hub](https://anonymous.4open.science/r/GME_patterns-4370/) so you can see/play with code yourself. I have also uploaded a zip with a bunch of pre-processed tickers for your viewing pleasure. + +EDIT2: I realised I forgot to include some info important methodology info. + +Here is a 'window' of 25 days showing two random dates from GME: + +https://preview.redd.it/4yulcjb88sa71.png?width=375&format=png&auto=webp&s=3be83c9b6c4b74d1cf53ab7aab2fa50b55a3984c + +Notice that because of the absolute price difference they cant really be compared. So we have to normalise them: + +https://preview.redd.it/1ftrvbgd8sa71.png?width=390&format=png&auto=webp&s=d60433d786c39325206942e1f22e89ca5a382a34 + +Now they can be compared on their shape alone. They have also been trimmed slightly as one was one day shorter than the other (due to those annoying weekends where we have to be content with just HODLing and not buying). It is the difference between these graphs (measured as the mean of the squared difference) that 'rates' how similar they are. + +&#x200B; + +&#x200B; +Im told that Im too poor to invest into crypto by my relatives a lot. Mind you that my relatives are quite well off and Im the black sheep of the family since Im a single dad with not so respectable job and in their eyes Im a lazy little man-child. + +Last time that we had lunch together they asked me if I still “do cryptocurrencies” and I said that yeah I save just a little at the end of the month by not buying myself drinks or fast food or stupid things. Its a 2 digit number in the very low end but still they gave me shit for that because Im “too poor to invest “ especially in “grey market such as crypto”. I smiled but didnt appreciate that at all. Then I was asked why am I using that little money that I have to invest in crypto instead of spending it on my children. + +I was pretty damn angry. I do everything for my kiddos, work 2 jobs and still some people give me shit cause I put a tenner in at the end of month. + +Crypto is for everyone regardless how poor they are. Dont let anyone tell you different! +**EDIT: I'm going to make another post eventually, but after removing the 500-1000 and >1000 groups and tallying the results of both polls, the results are within 1% of one another.** + +This is update to this post https://www.reddit.com/r/Superstonk/comments/mwziwn/users_of_superstonk_own_at_minimum_9_million + +Here's the original poll: https://www.strawpoll.me/42979202/r + +Here's a new poll that will hopefully address some of the shortcomings of the previous poll: https://www.strawpoll.me/44432640/r + + +If you could answer that'd be amazing, but otherwise that's fine. I want to see the results of this poll and compare it to the results of the previous poll to see if there is any significant difference in the results. + +TL;DR assuming 6 million retail buyers with average shares purchased being 23, all of retail owns at minimum 138 million shares. + + + +**READ THIS FIRST! PROBLEMS WITH THE POLL:** + +1. I didn't add a 0 option. This means that I made the assumption that 227,565 people here purchased GME. This is a bad assumption. I've accounted for it in later calculations, but be aware of it. +2. The poll is based in r/Superstonk. Users here are more likely to own higher amounts of GME shares than other retail owners. +3. As this is an opt-in poll, it is subject to manipulation, trolling, and bias. Because the requisite questions ask for a quantitative measurement, the chance for bias is minimized. The number of shares you personally own shouldn't change. +4. The sample size is just over 500. This is valid for an educated estimate, but the actual values shouldn't be taken at face value. The margin of error assumed on this sample size is 4%. For this type of study, this is acceptable. But without at least 1000 or, better, 2000, we can't be 100% confident in the results. + +To attempt to account for the issues presented, I have done two things: firstly, after calculating the final values, I subtracted the top two (500-1000 and >1000) fields from the final total. This was meant to reduce manipulation and superstonk buying bias that would inflate retail ownership. In addition, after calculating the shares per person, I halved it to assume that only 100,000/200,000 people here actually bought GME. This means that the poll represents 100,000 people. + +&nbsp; + +With that being said, here's the updated poll numbers. + +Group | Number of respondents | Percentage +--: | :--: | :-- +1 to 5 | 17| 3.256704981 +6 to 10 | 28 | 5.363984674 +11 to 15 | 34 |6.513409962 +16 to 20 | 31 | 5.938697318 +21 to 30 | 29 | 5.555555556 +31 to 50 | 63 | 12.06896552 +51 to 100 | 91 | 17.43295019 +101 to 500 | 160 | 30.651341 +501 to 1000 | 33 | 6.32183908 +>1000 | 36 | 6.896551724 +Total | 522 | 100 + +We can see here that, of people who responded, the largest category was the 100-500 with over 30% of respondents owning shares in this range. Very surprising - I didn't expect this level to be so high. + + +Now, assuming all 200,000 people purchased GME: + + +Group| People in Population | Shares Min | Shares Max +--: | :--: | :--: | :-- +1 to 5 | 6513.409962 | 6513.409962 | 32567.04981 +6 to 10 | 10727.96935 | 64367.81609 | 107279.6935 +11 to 15 | 13026.81992 | 143295.0192 | 195402.2989 +16 to 20 | 11877.39464 | 190038.3142 | 237547.8927 +21 to 30 | 11111.11111 | 233333.3333 | 333333.3333 +31 to 50 | 24137.93103 | 748275.8621 | 1206896.552 +51 to 100 | 34865.90038 | 1778160.92 | 3486590.038 +101 to 500 | 61302.68199 | 6130268.199 | 30651341 +501 to 1000 | 12643.67816 | 6334482.759 | 12643678.16 +>1000 | 13793.10345 | 13793103.45 | 13806896.55 +Total | 200000 | 29421839.08 | 62701532.57 + + +Assuming 200,000 superstonk people own stock in GME, the value is between 29-62 million shares. But, if we want to predict overall retail ownership, we also have to assume that superstonk users own more than normal. Lastly, because of possible trolling or other manipulation, the highest values may be skewed. To account for this as best as possible, I've subtracted the 501-1000 and >1000 categories from the final result. So, + +Total 200,000 = **29421839 - 20127586 = ~9,294,253** +and **62701532.57 - 26450574.71 = 36,250,957.85** + + + + +Then at minimum, assuming 200,000 superstonk users currently own GME, the number of owned shares is between *9-36 million*. I also mentioned that we can't assume 200,000 superstonk users purchased GME. Instead, let's assume 100,000 did. Redoing all the calculations, we end up at **~ 4647126.437 - 18125478.93** shares owned by superstonk users at minimum. + +This would mean that, at minimum, the average number of shares owned by retail would be around 23 shares. This is simply **4647126.437/200,000 =~23**. + +Now, how many retail buyers are there? I estimate 6 million. The reason for this is that it fits within the number of people subscribed to WSB, and it also fits in with the values found in a yahoo poll here: https://ca.finance.yahoo.com/news/gamestop-amc-reddit-investing-213609595.html. In the poll, they predicted 9% of americans purchased GME. Half were predicted to have sold, with an additional third of that half also selling. So **200,000,000 adults over 18 X 0.09 = GME buyers / 2 X 0.06666666 = ~ 6 million people**. + +Estimating total retail using these figures is, at minimum: **6,000,000 X 23 = ~138,000,000** + + +Honestly, I've tried to be unfair against my data. Every time I could, I bet against it. And even when I was unfair against it, I still get a number that is stupidly high. Support for 21-23 average shares has also been seen here: https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/ and here: https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/ + +If there are any other things I've forgotten/assumed that would inflate the retail ownership, please tell me! And if you have any criticisms, I'm all ears! And it's your choice to buy or sell - I'm too stupid to make those decisions for you. +I currently have no job and no savings at 35 and this makes me extremely depresed. I'm starting a new job in January and will be making $2300 per month. How should I begin saving? I've never completed a budget before. +Apes I’ve worked so hard pushing my food budget to bare minimal and working more putting like 80% of my pay check away and buying GME up down sideways any price any opportunity tomorrow at market open after my pay check this ape who’s been here PRE-January will finally be an XXX ape 😭😭😭 genuinely so happy and still holding strong + +Apes remember there’s apes like me who made sacrifices and continues to buy and hold regardless + +Apes strong together + +Once market opens tomorrow I shall be so happy. We don’t set dates but tomorrow is a date for me to remember and be happy just want to say this community is amazing (it’s 2:19am London time) + +Edit 1 : your comments already was so lovely and quick in response I ended up tearing up and one comment broke the camels back I cried you apes and apettes are amazing your worldwide but I feel like your in my room with I’ve NEVER felt so connected to a community like this before + +Edit 2 : I had the worse double shift today at work (I’m a waitor in a fast pace busy restaurant . I had a shift that was so busy I just wanted to quit but I kept thinking about holding and this milestone and your response just made me realise why I kept this well-ish paid hospitality job. HOURS——> PAY ———> BANK ——-> GME ———> (ohhh nothing next just hold) work more and repeat. Honestly your responses just made a crazy 13 hour shift which ruined my day be saved by your ape I will never shut up how much you apes strengthen each other when I need you most emotionally today you was there to congratulate me. If I could hug you now I would. + +Edit 3: Apes after a brief moment where I cried I had a flashforward to my celebration of leaving my job (I plan to see my one best friend who is what I call my brother one my last day of work post MOASS) also I’d love to meet any ape in London post MOASS for a banana or crayon milkshake. + +Edit 4. All your support is amazing I know I may be repeating myself but it has to be said. I don’t know I’m just emotional and you apes made me feel supported more support than I have been give in 22 years. I can’t wait to see THE NEW WORLD US APES CAN HELP IMPROVE. + +Edit 5. All your comments made me support happy but it’s 4:44am ape needs a nap goodnight + +Edit 6. Apes I definitely am grateful to wake up to this overwhelming response I will look after my health don’t worry and I shall keep buying and holding. I’m so excited 1hr 45 till open + +EDIT 7 (last EDIT). IVE JOINED THE XXX IM SO HAPPY +I LOVE YOU APES AND APETTES +APES STRONG I SHALL HOLD THE LINE +CANT STOP +WONT STOP +GAMESTOP +💎🙌🏽 +Thanks to everyone who helped with our last topic: "Transportation". + +In continuation of our communal wiki build, today I would like to know: **"How do you cook cheap food well?"** What are some recommendations for making food taste better, necessary staples for the kitchen, best recipes for kids, etc. + +As a reminder, **I'm posting a topic on most Tuesdays, Thursdays, and Saturdays and soliciting advice from the community**. I'll take your suggestions and build them into a wiki page for each topic. Once we've built up a foundation we'll go live with the wiki and I'll solicit feedback for additional topics/gaps to fill. + +Check back frequently-- even if you aren't experienced with the current topic there will be some that you can likely contribute to in the future. + +Thanks again for helping improve our community. +Discussion thread for this new warning. + +**What this means:** + +48 blocks were found within the last 4 hours. The *average* is "supposed" to be 1 block every 10 minutes, or 24 blocks over a 4 hour window. Normally, however, blocks are found at random intervals, and quite often faster than every 10 minutes due to miners continually upgrading or expanding their hardware. In this case, the average has reached as low as 5 minutes per block, which triggers the warning. + +If the network hashrate was not increasing, this event should occur only once every 50 years. To happen on average, persistently, the network would need to *double* its hashrate within 1 week, and even then the warning would only last part of that 1 week. So this is a pretty strange thing to happen when Bitcoin is only 6 years old - but not impossible either. + +**Update:** During the 4 hours after this posting, block average seems to have been normal, so I am thinking it is probably just an anomaly. (Of course, I can't prove there isn't a new miner that has just gone dark or mining a forked chain either, so continue to monitor and make your own decisions as to risk.) + +**Why is this a warning?** + +It's possible that a new mining chip has just been put online that can hash much faster than the rest of the network, and that miner is now near-doubling the network hashrate or worse. They could have over 51%, and might be performing an attack we can't know about yet. So you may wish to wait for more blocks than usual before considering high-value transactions confirmed, but unless this short block average continues on for another few hours, this risk seems unlikely IMO. + +**Has the blockchain forked?** + +No, this warning does not indicate that. + +**Will the warning go away on its own?** + +Bitcoin Core will continue re-issuing the warning every day until the condition (>=2x more blocks) ceases. When it stops issuing the warning, however, the message will remain in the status bar (or RPC "errors") until the node is restarted. + +**Is this related to some block explorer website showing the same blocks twice?** + +No, as far as I can tell that is an unrelated website bug. +Hello, + + +As my crypto holdings have grown, I am becoming increasing afraid of my family not having access to these assets should I have an untimely death. I search for a guide to give me family but could not find one, so I decided to make one. This is a very long post and the coins and wallets are specific to me, but hopefully it will give others a good starting point. + + +If you have any feedback, please share it so we can make the guide better and better. I also posted the guide on my [substack](https://greghamalian.substack.com/p/a-guide-to-accessing-crypto-after?s=w) and made it accessible to everyone. I will be updating periodically with guides I receive from other people for their specific coins and holdings. + + +I know that so many of us have dreams of giving our family a better financial future, and our investments in crypto will not come to fruition if our keys die with us. Please let me know what you think as I want to constantly improve this for others! + + +> Hello, +> +> +>At this point, I have been incapacitated to the point where I am unable to access my financial accounts. At the time of writing, I have typical account with [banks, investments, etc]. I believe these accounts you will be access with proper documentation. +> +> +>However, I also have funds in Cryptocurrencies. These are a little more difficult to access, especially because some of the funds are stored on the blockchain. This means there is no single entity holding the currencies and no department to call to get access to the account. This presents an obvious challenge to getting funds I hold, which I will hopefully be able to describe how to access below. +> +> +>The first thing you will need to know is that the coins/tokens are stored on the internet in a structure called the blockchain. There is a public address (or public key) that is visible to everyone. This is how the funds are verified as belonging to the address. Think of this like as view-only permissions on a google document. +> +> +>However, to move/send the funds and interact with the blockchain, one also needs to have the private key. The private key is like having the email and password associated with the account that created the google document, so you can edit it. A private key is generated from a set of words, called a seed phrase, and a key index. If this is confusing, do not worry. You will not need to understand all of it to access my tokens. +> +> +>With all that said, the way you will get access to my tokens is through my seed phrase. This is a set of words, either 12-, 15-, or 24- words long, which brings up my funds through a “wallet” on the blockchain. +> +> +>Not to try to add too much complexity, but one token can have multiple wallets to access the chain. However, for you, they will all work the same way. +> +> +>Roughly speaking, my money is in a wallet on the blockchain. To get access to the money, you need my seed phrase. The seed phrase is critical. **NEVER** give anyone the seed phrase to my accounts. These seed phrases are kept in a secure location. You will be able to find them when needed. +> +> +>Under each coin I hold in a wallet, I will let you know exactly how to import the seed. However, I first want to give you a general overview. You will start by going to the foundation or company’s website. See what wallet they recommend (unless I explicitly state a wallet I use for the coin). You will download that wallet application. When creating the wallet, you will select “Import from seed” or some similar phrase. Do not create a new wallet. You will enter the seed and see my wallet and funds. It will likely ask you to enter a spending password as well, or a PIN. Do one you won’t forget. +> +> +>Once you have access to the coins, you will need to transfer them to an exchange, then sell them on the exchange for dollars. You can then transfer the dollars to whatever bank account you choose. +> +> +>For the exchange, I recommend using primarily Coinbase. This exchange is the simplest to understand and most user-friendly from an interface perspective. I trust you will be able to create an account and connect the bank account. I have funds on different exchanges as well. The funds kept on exchanges will be easily accessible to you through my email and passwords. You will know how to access this when the time comes. +> +> +>Now, while on Coinbase, you will need to click the “manage profile” button. Under contact info, there will be a button that says “crypto addresses.” Clicking this will allow you to create a wallet on Coinbase to send the money to. You will need to create an address for every coin I have for the transfer. I will lay out each coin and the seed phrases for you to access, before describing how to do the transfer. +> +> +>There are 3 different types of wallets that I have- +> +> +>1. **There is a custodial wallet.** This means another entity holds access to the keys/seed phrases. This is a wallet on an exchange (like Coinbase). You will not need to do anything special here. There are no special seed phrases to enter. Simply my email, password, and 2FA will allow you to transfer. The exchange will also have support for you to contact if I am incapacitated to help you get the money. You can simply sell the through the exchange and transfer the funds to the bank. The exchanges I have an account on are Coinbase, Binance.US, Gemini, and Crypto.com. +> +> +>2. **There is a non-custodial, hot wallet.** This is a wallet online that you can access through the internet. To access the tokens, you will have to go to a website and launch the application. This often requires a download. There are many scams out there, so please be careful. The best way to access these wallets is to go to the official website of the foundation that launched the coin. For example, the Algorand Token was launched by the Algorand Foundation. One the foundation’s website, the recommend the Pera Wallet and MyAlgo Wallet. Download these through the hyperlinks. If you need any help, questions on the coins subreddit, and follow the recommendations of the people who answer publicly (do not respond to any direct messaging). For this type of wallet, you’ll need to download the application, and then import my seed phrase for the wallet. By entering the seed phrase, it will load the wallet that I created and stored value in. It will ask you to create a spending password. Pick whatever password you will remember as you will need to enter it to send the money out. +> +> +>3. **There is a non-custodial, cold wallet.** This is a wallet where access to the funds are kept offline, but can be restored online whenever the wallet is actively being used. The cold wallet I use is called a Ledger (made by a company called Ledger). For coins stored on my Ledger, you will need to download the Ledger Live App. My ledger seed phrase is written on a metal plate and stored in my safety deposit box. You will also be able to access my coins through the Ledger device. This looks like a USB stick. Through the Ledger Live App, you will have to send the coins to the exchange, while having the device nearby. When the device is asks, you will need to confirm the transaction (push both buttons). +> +> +>I understand this may be a little confusing. Read through a couple times, ask questions on Reddit, and watch YouTube videos. It is a lot to take in initially, but it becomes easy once you try to figure it out. +> +> +>At the time of writing, I own the following coins. Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Algorand (ALGO), Harmony (ONE), Nervos (CKB), Chainlink (LINK), and Stellar (XLM). I will now tell you how to access each of these. +> +> +>**Bitcoin (BTC)** +> +> +>This is stored through my cold-wallet Ledger. You will use my Ledger Nano X and Ledger Live app to send to Coinbase (or whatever exchange you pick). The transfer usually takes 10-30 minutes. Please do 2 separate transactions. The first is a “test” transaction where you will send $5-$10 worth of BTC to the exchange. Wait until it arrives before sending the remaining amount. You will be charged a fee twice, but knowing it will arrive is worth it instead of sending all the money and not seeing it go through. +> +> +>**Ethereum (ETH)** +> +> +>This is currently stored on custodial wallet, Coinbase. I locked it up to earn interest. I regret this decision currently. Once the funds become available after they unlock, I will move my ETH to the Ledger. Follow the steps for BTC to get it on an exchange. +> +> +>ETH swaps are anywhere from 5-30 minutes. +> +> +>**Cardano (ADA)** +> +> +>My Cardano is currently stored through a Cardano hot-wallet. The wallet I use is called Eternl. You can access my tokens by importing my seed phrase on wallets such as Nami and Yoroi. When you gain access to this account, the first thing you will need to do is claim my “staking” rewards and “undelegate” the ADA I am staking. Staking is basically the interest I earned from having the tokens, and unstaking/undelegating is withdrawing that money. +> +> +>You will also need to sell off additional tokens called “Cardano Native Assets.” These are tokens that run on the Cardano system and have a value in ADA, but are not available on exchanges to cash out. I will likely have tokens by the name of SUNDAE, DRIP, and FLICK. To sell these tokens, search for a site called SundaeSwap. You will need to connect the wallet, and on SundaeSwap you can exchange these assets for ADA. Now, with that being said, you will likely pay a fee for each swap. That is to be expected. Just make sure the amount of ADA you receive is greater than the fee you will pay. +> +> +>Once the native assets are swaps, send the ADA to the exchange. Again, please do a test transaction first. ADA transactions typically take 5-10 minutes to show up in the account. +> +> +>**Algorand (ALGO)** +> +> +>My Algorand is either kept in my Ledger cold wallet or in a MyAlgo hot wallet. This is because some of the Algorand I use I lock up to earn interest (think like a bank-bond) and the other I use to participate in an activity called Decentralized Finance (DeFi). The Algorand on the Ledger can be sent through the Ledger Live app exactly like Bitcoin. +> +> +>The Algorand I use in DeFi will be kept in a few places. The first is right in the wallet. This will be rare and there likely won’t be a lot of Algorand here. There will be in what is called Liquidity Pools on a website called Tinyman. To access Tinyman, you will first need to create a MyAlgo wallet and import my seed phrase. You will go to app.tinyman.org and connect to the wallet. Go to the tab that says “Pools” and with the LP Tokens. You will then swap the assets that are not ALGO for ALGO using the same Tinyman site. This is a similar process like you would have done for Cardano, it is just a different website but the same concept. There are other areas of DeFi I participated in, but nothing at the moment. If I start something new, I will update this sheet. +> +> +>ALGO swap are typically near-instant. +> +> +>**Harmony (ONE)** +> +> +>I keep my Harmony in a hot-wallet called MetaMask. You will need to download the MetaMask Wallet application and import my seed phrase. However, like with Cardano and Algorand, most of my ONE is used in DeFi. The website I use is called OpenSwap. You can find it at app.openswap.one. To access my ONE, you will first need to “unstake” my ONE. With ADA, when you unstake/undelegated, the ADA will be available immediately. On Harmony, you will need to wait ~7 days for the money to unlock. +> +> +>To unstake on openswap, click the “Farm” tab on the top of the page. You will see my stake and many pairings. There will be a line to that says “OpenSwap AutoCompound” and you can drop down details. Do that, select unstake, and unstake the tokens. +> +> +>To claim everything for the LPs, on the same page click the button that says “Only Show Staked Pools.” Select the details and unstake. Like with ADA and ALGO, swap everything that isn’t ONE for ONE, and send to an exchange. +> +> +>Please note that Coinbase does not have Harmony (ONE) available for trade. The exchange Binance.US is probably the best site for this. Another work around is to swap ONE for BTC and send the BTC to Coinbase. However, this may be riskier is you cannot figure out how to send. Definitely send a small test transaction first! +> +> +>Harmony swaps are typically near instant. +> +> +>**Nervos (CKB)** +> +> +>This is currently stored through the custodial wallet on Crypto.com. I am hoping to move the CKB to my Ledger soon. However, CKB is not traded on many exchanges, so a Crypto.com account might be the best way to get the money back. +> +> +>I’ve yet to move CKB, and online I saw it could be anywhere from 5 minutes to hours. +> +> +>**Chainlink (LINK)** +> +> +>My Chainlink is stored on Coinbase. However, I plan to move my LINK to a DeFi site soon. I will update this once the move is made. +> +> +>LINK transaction time is ~5-10 minutes typically. +> +> +>**Stellar (XLM)** +> +> +>My Stellar is on Coinbase. I likely will not have much Stellar. I have a pre-loaded Coinbase Debit Card. Basically, I frontload USD, and I get 4% XLM rewards back. I frequently swap the XLM I earn for another cryptocurrency I own. +> +> +>This will never be kept in a non-custodial wallet, but transaction times are near-instant. +> +> +>Hopefully that covers the entire process to get the funds I’ve been into crypto. If you have questions, again, please go reddit and ask for help either in r/cryptocurrency or coin specific subreddits. NEVER share seed phrase and only follow advice people give publicly, not personal messages. +Apple ([AAPL.US](https://AAPL.US)) has told some of its contract manufacturers that it wants to increase production outside of China. India and Vietnam, already home to a small portion of Apple's global production, are also on Apple's shortlist to replace China. + +&#x200B; + +More than 90% of Apple products are manufactured in China by external contractors, such as iPhone, iPad, MacBook, etc. Apple CEO Tim Cook was asked about Apple's supply chain and said: "Our supply chain is really global, so products are everywhere, and we will continue to think about optimizing the supply chain." + +&#x200B; + +Apple announced in April this year that it would start producing the latest iPhone 13 series at Hon Hai’s Chennai factory in India. Under this production plan, all of Apple's best-selling models are now produced in India through Hon Hai and Wistron. +I’ve been thinking about a post I read here recently. Basically, someone said they started buying stocks six months ago and have been in the red since until finally breaking even this week. As a beginner, it’s so difficult, because you’re excited and you understand the market returns 7-10% per year vs. nothing as cash. So six months later, when your carefully selected stocks stink, it feels bad, man. + +I am here to tell you to HOLD your ridiculous stock, and to wrap your head around the idea that a LOT of people have been at this for a very long time. Your stocks are doing badly because people years before you thought the same thing you did: this is a great company! And they doubled, tripled, whatevered their money, and are now selling. This results in you having an unrealized loss or reduced unrealized gain that only becomes real IF YOU SELL. But you don’t have to realize it. Because you haven’t lost money. Your stock has simply lost its SHORT-TERM momentum. + +One of my recent stinkers has been TSM which I bought at the literal top in February. There are lots of stocks like this in tech, renewables, anything ARK. Same with crypto. And all for the same reason – people are cashing out! An analogy would be sitting at a slot machine right after somebody else just hit the jackpot. Bummer in the short term, but it’s still a good machine! Back to TSM, here’s a scenario: Imagine someone buys at the literal top in January 2018 @ $46. Then the stock drops and is stuck below that for 20 months straight until October 2019 when it finally breaks above $46. From there, it hangs out around the low 50s for several months until July 2020 when it nearly TRIPLES in value peaking above $140 in Feb 21. Sure, the pattern mimics what happened in the broader market, but that’s the point. A TSM holder would be up over 250% today. That's sure better than 7-10%. + +Right now, my human emotion is thinking “boo-hoo, I am still down now while others are doing well.” But that’s not what matters. For most people, buying individual stocks isn’t a game of making a quick buck. It’s a game of being capable, consciously and financially, to wait it out – sometime for years – for these kinds of gains. This concept was never explained to me, but I think it’s an important lesson for beginners so they don’t sell a good thing and get taken advantage of when they miss the rocket emoji. +Hey fam, +Welcome to the first talk of the series! /u/jtnichol and I just got off the phone! We had a great conversation thanks to the [questions submitted](https://www.reddit.com/r/ethtrader/comments/b0c2f5/the_ethtrader_member_spotlight_with_ujtnichol/). I'm using the built-in webcam so low resolution, but the audio quality is quite decent. + +**Link to YouTube: [https://www.youtube.com/watch?v=6I2rDQCF7Fs](https://www.youtube.com/watch?v=6I2rDQCF7Fs&index=3&list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L)** +**Link to MP3: http://krokodilmannchen.belgianboy.com/ethtrader-series/jtnichol.mp3** +**RSS feed: http://krokodilmannchen.belgianboy.com/feed/podcast/** + + +# The questions (chronologically) +### Intro +* Can you share a little bit about the place where you’re sitting right now? +* Who are you and what are your interests? What is your background? +* What, if anything, did you study? +* Who do you look up to, and if it's nobody in particular, where do you go for advice? +* Where can people learn more about you? (blog, youtube channel, twitter?) + +### Yes/no +* Do you regret hodling through 2018? +* Is your faith in the system stronger than ever? +* Do you hold conversations with your dog? +* Ever met Vitalik? Gavin? Andreas? (impressions?) +* Are you still keto? +* Any of your family interested in crypto? + +### EthTrader Questions (some have been grouped together) + +u/Trent_vanepps + +* What was the toughest time for the sub, in your opinion - both as a mod and as a general community member. Either a single event, a particular price, certain people. etc. Conversely, what times have you enjoyed your role as mod? +* What can we do to make these times happen more frequently / strengthen the community? + +u/ruvalm + +* What is the most memorable of your Mod actions here on Ethtrader ? +* If you could implement one new sub rule (let's call it Rule XI) what would it be? +* Do you see yourself moderating /r/ethtrader in 5 years ? +* What was the ETH bullish trend that you've enjoyed the most in our sub ? +* Was there any moment that price action and consequent reactions to it in our sub discussions made you feel that you wouldn't want to be a Moderator anymore ? +* How much did your work as Moderator increase from January 2017 to May-June 2017 (/r/ethtrader exploded maybe 10x in subscriptions during that timeframe) ? + + +u/jkaykr + +* How were you first introduced to Ethereum? + +u/reterical + +* What is the latest on Devcon 7? And how can I help? + +u/slay_the_beast + +* You’ve been here a while, probably longer than most. +* In what notable ways have you seen the ethtrader community change as the Ethereum blockchain has matured? +* What would you like to see more / less of in this community over the next 2 years? + +u/soupdizzle1 + +* What's your "go to" KC style bbq marinade/rub recipe? +* u/10231984 +* Favorite meat to cook? Favorite things to check out/do in KC? + +u/ChazSchmidt + +* Are there any Ethtraders that you haven't heard from in a while that you wish would come back to the daily? heard from in a while that you wish would come back to the daily? +* When you've had a day where redditors or students test your patience, what do you do to remain calm, blow off steam, or unwind? + +u/redbullatwork + +* What are some of the other crypto related youtube channels you subscribe to? + +u/redredditor + +* Favorite music? Favorite artist?* + +u/_lotuseater + +* We all know that you work in the US public school system, so it seems that extending some of your ethtrader mission to your real world job would naturally follow. +* Is blockchain a current or future topic for your school's curriculum? +* Do you think Educators in general have good awareness of the increasing impacts of blockchain and DLT on society and are ready to prepare our students for that future? +* Aside from blockchain as a topic of study, do you also see any specific use cases for this technology in school administration? + +u/spcialx + +* What do you think about TA? Are you using TA yourself? +* Whom do you follow on Twitter / YouTube and can recommend in terms of development but also price prediction +* How much are you interested in price trends and price predictions or are you only worried about the /r/ethtrader community? (: +* When do you expect ETH to hit ATH again (do you expect it at all)? +* What do you think about the comeback of u/ScienceGuy9489 and his predictions? Do you share the cult? + +u/KathyinPD + +* Where in SE Kansas? Along old 169 lies Iola, Humboldt, Chanute, Coffeeville--all 💝 Norman Rockwell-ish settings w/ based, no-nonsense, solid folks as you seem to be. +* Do you remember the area's invasion by Amazon with its headline-inducing, first-of-kind warehouse operation? It suddenly made small-town Kansans cool to be aligned front/center with raging new technology. +* Did Amazon or any of the other Giants spur your devotion to tech? If so, how? If not, what did? + + +### Rapid Fire Questions +* Old reddit or Redesign? +* Hall&Oates or Fleetwood Mac? +* PoS or $3000 ETH? +* East Coast or West Coast? +* Bitcoin or Bitcoin Cash? +* Europe or Asia? +* A dinner date with Roger Ver or Craig Wright? +* A dinner date with Vlad Zamfir or Joe Lubin? +* Another year like 2017, or another one like 2018? + +____________________________ + + +## Mentioned in the talk + +https://www.ribbonfarm.com/2017/10/10/the-blockchain-man/ +https://www.ribbonfarm.com/2019/02/28/markets-are-eating-the-world/ +Really being tempted to sell. I mean I've had balls of steel through out the dips and I've hodled through it all. It's like I own this money but I can't touch it and it could be all gone if Ethereum tanks. I've heard this is going to be a good month though. Need convincing to hodl some more. +Many brokers have been telling their clients it is difficult and slow to sell through Computershare, even though it is actually quite simple and quick! Read on to see what you can expect if you decide to place a sell order. + +&#x200B; + +[The fees straight from the banking details section of your profile](https://preview.redd.it/fybshsuumtr91.png?width=592&format=png&auto=webp&s=6883065a8430daad5ee870bb23cbc70cbbdb7d98) + +[This info in the second half only pertains to US investors. Fantastic customer service as always with Computershare!](https://preview.redd.it/hw4cjans8uq91.png?width=597&format=png&auto=webp&s=9fc75279f736590683adb44cffcf367cea220b7a) + +*Please note: In order to get a direct deposit, you need to fill in your Computershare profile with your bank details 10 days before the sale. Otherwise a check will be mailed to you.* + +Computershare charges a **$25** fixed fee per transaction and a **$0.12** fixed fee per share for each sell order they process, that's it. + +If you need assistance from a support agent there is a **$15** "representative assisted fee". + +**In the US:** It's **free** to receive a direct deposit via ACH transfer, or receive your check in standard snail mail. + +**Outside of the US:** It's **$35** for an international bank wire, and **$25** for a check to be sent internationally. + +**Optional Fees:** If you want the bank transfer to be wired instead of via ACH, there is a **$35** fee. If you want a cheque mailed to you using an overnight service, they charge a **$25** fee as long as you inform them about it immediately. If you wait a while and then inform them that you want the overnight service, it's a **$35** fee. + +Computershare charges these fees because they do not make money from your assets in any way. If you are unhappy with these fees, it is free to transfer your shares back to a broker. + +International investors will also be charged a currency conversion fee by their bank. + +You can choose your preference for check or direct deposit as part of filling out your Computershare profile. + +***Please note:*** *international investors should avoid using their Wise account details in their Computershare profile. As Wise has a $1million limit on it's transactions, and a yearly $5million limit. A proper bank, rather than a money wiring platform, would be better at hadling these transactions.* + +## How to sell online: + +* Go to [Computershare.com/us](https://computershare.com/us). +* Click on “Login to Investor Center”. +* Login using the username, and password you have created. +* Click on "View and update your profile". +* Click on "Sell Your Shares". +* Review your personal information on the page and ensure it is accurate. +* Scroll down the page, make sure you have the correct stock selected and click the "Next" button. +* On this page you can choose: + * How many shares to sell. + * What order to sell them in: Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first). + * Or specify the amount of money you want instead of the quantity of shares (market sell only). +* You can then choose from 3 sell order types: + * **Market order** \- An immediate order, sold at current market price. + * **Limit Order (Day)** \- The sell order will execute when a buyer in the market is willing to pay your limit price and nothing less. You may also get a higher sell price if there are such offers in the market. If the price is not met by the end of the day, the sell order is cancelled. + * **Limit Order (GTC 30 day)** \- The sell order will execute when a buyer in the market is willing to pay your limit price and nothing less. You may also get a higher sell price if there are such offers in the market. If the price is not met by the end of the 30 day period, the sell order is cancelled. + * Limit orders are currently capped at $3.5k (after brokers got tired of having databases filled with $214k limit orders). Computershare have stated they will increase the cap as the share price gets closer. In either instance if the price is above $214k your order will fill for the higher price. It's only a limit on how low the price can be. + * ***Please note:*** *Fractional shares cannot be sold through a limit order. If you place a limit sell order with a fractional share, the fractional will be sold immediately as a market order.* +* Once you have made your choices, click the "Next" button to submit the sell order. + +If you have chosen to do a market order, the sale will process immediately and the funds will be sent to your bank account or to your home in the form of a check. + +If you have chosen a limit sell, then the trade will stay pending until the price is met. If the allotted time has elapsed, the sell order will be cancelled. + +# If you're selling for windfall levels of money, give your bank a heads up that you have received a windfall and it is coming into your account soon. + +# This will prevent the chance of your bank freezing your account if they think it might be a mistake or fraud. + +&#x200B; + +**Still under construction: How to sell over the phone and through snail mail** +Im in the air force, with a wife and a daughter. I'm just wanting to gain knowledge and try to figure out what's best for me. Tell me what paths did you guys take. Any background is welcome. :] +Is it ever worth getting a credit card for the points and is it really possible to hack/gain the system? + +I am hugely debt adverse after wracking up $25,000 debt at around 25 years old (ten years ago). Haven't been in debt since, have a healthy emergency fund if anything crops up and if I need something I save until I can afford it, so I don't need a credit card for anything it'd just be for the points. + +Mum got a "free ticket to Hawaii" with her points, but that took years and I figured as she was paying a fee to have her credit card every year it probably didn't work out that much different. + +What does everyone think and can you reccomend any cards. I am about to do some big spending - overseas trip and a pay for a course. I have the cash ready to go but wondering if now is the time to get a credit card again and get some points. + +Not a shopper and basically a bit of a tight-arse so I am not worried about running up the credit card and not paying it on time. +I have been looking at options for a first home loan and been speaking with some banks to get an idea of what the comparison rates would be. I was told that I could negotiate the actual rate on application, but I am not sure how to go about doing this. + +Do I just ask for a lower rate or do I need something more like a price match by using another bank's advertised rate? Any tips would be helpful. + +I am also looking at the option to waive LMI as a professional (currently about a 10-15% deposit) so this may play into which bank I go with. +Here is one of the ELIA5s about the “new” proposed rule I keep seeing. + +ELIA: +This rule proposes using a vehicle, they call an SFT (Securities Financial Transaction ... sigh), as a placeholder for any securities transaction. As I understand it, these SFTs are fungible like a dollar bill. So, if you have 100 worth of SFT that you SHORTED, and want to Fail to Deliver rather than buy-in at market value, you can resolve it by utilizing another SFT worth the same amount set for the same delivery date. The cost one would pay for this "feature" would be based on the difference in closing price from one day to the next. This cost would be much cheaper than a market buy-in, especially when the floor for a security is like $1,420,696,969,420,741. Seems like a cheap way to can-kick a scary-ass FTD problem (idiosyncratic risk anyone?), rather than buy-in at current market value. I.e. seems crafted to protect the practice of abusive short-selling, when it doesn't work out for the SHF. +/ELIA + +You know what these SFTs sound like to me? Dog shit wrapped in cat shit rolled in burnt hair, rubbed all over Bigfoot’s dick and then shoved into a used diaper. In other words, a bag of shit. + +Someone has to purchase that bag of shit to protect the SHFs. Who’s gonna purchase that? The FED? Go ahead, implode the dollar even more. Our value is wrapped up in GME, not USD. + +Someone has to end up a bag holder in the end and this idea that it’s going to be us (through MOASS being canceled) is FUD. + +Sure, comment on the proposed rule, it sounds like shit, but stop spreading the idea that it threatens MOASS, because it does NOT. +[https://www.cnbc.com/2020/01/31/stock-market-wall-street-in-focus-after-coronavirus-declares-global-emergency.html](https://www.cnbc.com/2020/01/31/stock-market-wall-street-in-focus-after-coronavirus-declares-global-emergency.html) + +I bought today, anyone else buying? +Let's not forget the CFTC refuses to report data on swaps immediately after we discovered them back in August until October of 2023. This is not a coincidence and no one seems to be talking about it. Can we get a # or something trending calling them out and bring attention to them again so maybe we can see what is going on? +https://www.cnbc.com/2021/08/11/amazon-opens-1point5-billion-kentucky-air-hub-in-bid-to-speed-deliveries.html + +Amazon on Wednesday debuted its $1.5 billion air hub in Northern Kentucky. + +The hub will serve as the central nerve of Amazon’s U.S. air cargo operations, allowing it to speed deliveries even further to more corners of the country. + +This is definitely a good news as amazon continue to invest the profit to ensure the fast delivery. It will be more beneficial to amazon as the reliance on fedex and ups keep decreasing. Also, it will keep bringing more prime members if amazon can keep up the delivery speed. + +Thanks for the awards. +I’m not the first person to notice this on this sub, but the last couple years the crypto market seems to really move with the regular stock markets. Case in point, the last couple of days the two big swings in the NASDAQ I’m literally coincided with the same swing of all my crypto. This tells me that main stream adoption amongst the big fish, (meaning the banks not some monopoly man) Seems to have taken hold. I don’t really see what the future holds because if the way they handled unfettered capitalism is any indication, crypto will have a bad end as well +With all the recent "gamestop reddit" posts I wondered what r slash gamestop was doing + +R slash gamestop is an employee subreddit where they can discuss the company, publicly complain about issues or concerns, communicate with other employees, ask questions and get help, etc. + +But it's totally filled with ppl quitting or complaining about no customers. Totally opposite sentiment from what I see here (and here we get picture proof of lineups down the street). + +Is the other subreddit all fake? How can the vast majority of these employees hate the company and the entire subreddit worship quitting (aka promoting themselves to customer) + +Seems so sus to me. Anyways, I hadn't seen anyone else talk about that subreddit but wanted to offer a discussion on it. + +Edit: Thx for the responses. Seems like consensus is that retail sucks, gamestop or otherwise, and the ppl who suffer in retail are more likely to complain about it - which paints an accurate picture of that sub. + Hello all! + +I think the sickness is just about gone finally, I will be monitoring myself this week to be doubly sure, but I think I am ok now! + +# Key Statistics (Overall) + +NOTE: I am using TradesViz which is so fantastic HOWEVER, the win rates are calculated based on trades and not executions. For instance, if I trade the same ticker over and over again, and have a 70% win rate on those trades BUT I have one big bad losing trade that counters all of the wins, it will appear as a 0% win rate. + +Again, reminder that the overall data is going to take quite some time to balance out as the first several weeks served as a testing period where I would do a lot of 1 share and very low leverage trades in an attempt to practice my strategy and the usage of the software. I would focus more on my weekly statistics to gauge my progress so far. I imagine by the end of this year, my overall statistics should be balanced. + +Account Net Worth: $64,417.23 (I took a $10,000 draw, I am going to try to make this last me 3 months. I shouldn't need to take another draw until late summer/early fall. The next goal is to pay down the remaining debt I have before I begin focusing on the tax bill.) + +Unrealized P/L: $596 + +Realized P/L: $19,957.91 + +P/L % Change: 13,906% + +Average P/L Per Day: $399.16 + +Win Rate: 60% + +Profit Factor: 3.714 + +**Positions:** + +GME Long 20 229.22 (Total gamble on a meme stock, will be closing this week) + +PTRA Long 2313 17.09 (Will continue to add to this company as it's my only investment) + +AMC Long 200 62.71 (Total gamble on a meme stock, will be closing this week) + +https://preview.redd.it/x00adbi8x1871.png?width=1340&format=png&auto=webp&s=387a65b0d198fb24725e739d8676c7162b81ef8a + +https://preview.redd.it/6wwc0u0bx1871.png?width=1353&format=png&auto=webp&s=690ab5be7b27ce527fc7a5ad370a52f7efa2477a + +https://preview.redd.it/kcvctlofx1871.png?width=1336&format=png&auto=webp&s=87e00caea817b8a2a139e53ce0058b130c6f66ba + +https://preview.redd.it/khw661vhx1871.png?width=1261&format=png&auto=webp&s=ecc2afd2c6175cb79ac515f14cf7c440e538ba83 + +https://preview.redd.it/u6w7eqbjx1871.png?width=1256&format=png&auto=webp&s=71e7ac24f2a9ad83607af534d43d5c258441b7c3 + +# Week 12 + +Well, this week...was just sad. I was on fire all week and it wasn't until Friday that things went south. Not even a bad day, it was literally one bad trade the entire week that sent me way, way back, but boy did I learn some hard lessons this week. You're going to look at the P/L now and not think much of it...I encourage you to look at each day and then Friday. + +P/L: ($215.50) + +Win Rate: 79% + +[Monday 06/21](https://www.tradesviz.com/viewday/IDp1H4fr) + +P/L: $521.15 + +Win Rate: 100% + +[Tuesday 06/22](https://www.tradesviz.com/viewday/l5trRHD5) + +P/L: $649.47 + +Win Rate: 83.33% + +[Wednesday 06/23](https://www.tradesviz.com/viewday/TnMXVoQN) + +P/L: $466.40 + +Win Rate: 100% + +[Thursday 06/24](https://www.tradesviz.com/viewday/vO3uS927) + +P/L: $1,011.86 + +Win Rate: 80% + +[Friday 06/18](https://www.tradesviz.com/viewday/ibXVGehf) + +Win Rate: 0% (Like I mentioned before not really, win rate is based off of trades not executions) + +P/L: ($2,864.38) + +Well, this was unfortunate. I was having a fantastic week and I wasn't even using a ton of leverage. Friday, I decided to short SPCE after the FAA news came out and I was up around $750. I should have stopped there. I decided to take one more short position and it was in profit for a little, then it started moving against me and I kept moving my stop because we were just below VWAP and the assumption was all the volume was used on the selling side today, there won't be enough juice to break this back up. + +I was so, terribly wrong. + +Which is extra depressing because I have been calling this catalyst out for months now and not only did I not get to play into it, I played against it and payed the price. It did indeed break VWAP, in fact, it exploded through it and I ended up taking a $4,612.60 loss on that one trade. + +I started chipping away at it as quickly as I could but for some reason I couldn't switch from bear to bull mentally. At any rate, I got it down to around (2,400). I decided to take up one more big trade to try to get myself to a break even on the week and I lost another $1000 or so. + +I decided it was time to walk away and I did, especially since I was headed home to PA to visit for the weekend. I couldn't shake what happened and did something really stupid that ended up paying off...I started trading from my phone on the road. No need to lecture me, I know how incredibly dangerous and stupid this is but I certainly was not in the right state of mind and I did it anyways. + +I was able to make back around $700 this way getting my final P/L and losing $215 on the week. + +Not the worst outcome for a very important lesson, but still I could have had another incredible week and would be up around $14,000 on the month. For those who don't know, yes, I am beginning Week 13 of this journey, but I haven't really been using much leverage until June so most of my earnings are because I actually started trading this month instead of just training. + +# Psychology + +Well, I had to revisit [Zalesky's 25 point mantra](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf) and remind myself of several, very important rules: + +\#4 Never turn a winner into a loser + +\#5 Your biggest loser can't exceed your biggest winner + +\#10 Get out of your losers + +\#12 Don't hope and pray, if you do, you will lose + +\#17 Never take big losses, only a big loss can hurt you + +\#19 Hit singles, not homeruns + +What otherwise could have been a fantastic week went to shit on one trade. Not one day, not one week, one trade. This definitely hurt, not only because of the pain of losing, but what's worse is this was the catalyst I have been going on about that would send this thing to the next level. + +I also noticed a huge problem with rule #12. When you do find yourself hoping and praying, it fills you with hopium that the trade will come back for you. This is bad for obvious reasons, but the less obvious reason is what I experienced and have learned from. + +When you are filled with the hopium, it becomes exceedingly more difficult to switch roles. + +If you convince yourself that the trade will come back for you, it makes you blind to the fact that it is clearly moving the other way and if you just switch hats, then you can make back your loss and profit. + +By the time I decided to go long and not just scalp the run was virtually over. If I was able to recognize sooner that the trade was not coming back for me, not only would I have taken a smaller loss, but I would have had massive gains by reversing. This is something I intend on working on quite diligently. + +# Software + +I'm still absolutely loving TradesViz as my journaling software. I love this software and the company is fantastic. I am a big fan of monitoring my progress weekly and monthly and offered a suggestion and this is the second suggestion they have taken from me! They really do want to be the go to for journaling software and their customer service shows that through and through. So the new feature they added was a weekly tracking of P/L. On their main Daily Statistics page, if you filter by the week its not going to capture swing trades or anything opened before the date range you select, it will only show what is closed. So now in the calendar view it shows your weekly/monthly results. I will add another image here for you to see: + +[Calendar View](https://preview.redd.it/4y4bq0o542871.png?width=1303&format=png&auto=webp&s=a192dfe5c7f1f5223177ef6caf2d098a31633b41) + +[Summary Page \(It's literally right underneath the calendar\)](https://preview.redd.it/c57a3fv842871.png?width=262&format=png&auto=webp&s=10a8d99584eaa5a0319dee3bcfd3af6961538bb5) + +I'm still using TradeStation and the more I play with it the more I fall in love. I haven't tried many different pieces of software in terms of daytrading but with the ones I have tried this is without a doubt my favorite. + +**TL;DR:** Time to bring back some of my discipline, this very giving market has made me take on a lot of unnecessary risk. I was getting away with it for a while but I now have paid the price and do not intend on paying the price again. +https://www.bloomberg.com/news/articles/2017-01-09/blackrock-quants-sustain-record-losses-in-setback-to-fink-plan + +> Some of the quant group’s deepest losses came in the first few months of the year, when markets plunged before bouncing back sharply in late February. Many quant shops stumbled, but a big reason SAE missed the rebound had to do with BlackRock’s own investment policy. It instructs the team to sell when losses become sizable, regardless of what its mathematical models say, according to a person with direct knowledge of the matter. + +Personally i am at a point where i decided for myself that after GME i am done with everything related to the US market. + +No more ETFs with American values, no stocks no FX, nothing. + +My new investment rule number 1 will he: avoid everything US related! + + + +You can upvote if you feel the same; maybe we can get on /all and show them the direction of their strategy in this US investment bubble - no more foreign investors +This morning we discovered a phishing attack that came via email, requesting users to click to accept New User/Service Agreement. + +This prompted users to sign in to their accounts and authorize a malicious application to remove bitcoin from their Coinbase Wallet. + +We found this malicious application relatively quickly, and we shut it down. Only a small number of users were affected, and we will be reaching out to them directly. + +We will be reimbursing the affected users the bitcoin that they lost, while we continue the investigation. + +To stop this from happening again, we are reassessing our API/application approval process, as well as re-visiting the limits of money that can be sent over an application. Lastly, we began to talk about how we can proactively reach out customers and educate them on how to use their Coinbase Vaults as a more secure way of storing their bitcoin. + +We appreciate the feedback and patience with this matter. + +The Coinbase Team + +UPDATE: Adding link to the Coinbase Community https://community.coinbase.com/t/a-message-from-the-coinbase-security-team/476 +so i made 8k on a friends investment for me. he lent me money. + +how do we handle the taxes? it's an individual account. these are short term trades. edit usa. + +btw i use a cpa normally. +So for the past year I have been a customer of Bitfinex, trading without any challenges. 2 weeks ago I have requested a EUR withdrawal as I have done many times before. This time the withdrawal took a while, after I had some correspondence about when the funds were to be expected I received this message. Without any reason my account will be suspended. In a normal world customers should not be treated like this. I guess this is just crypto being crypto. + +https://i.redd.it/w9lexexw5ao21.png +What developments to the core technology do you want to see with Ethereum in 2019? What are the biggest things you think will cause the ETH ecosystem to flourish? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi there, + +Looking to get some thoughts on what we're thinking of spending on a home. + +27M Irish with a 26F Brazilian living in Belfast for over a year, been together 4 years. We both really like it here. For context: + +* I take home 4200 net monthly, herself 1600 +* We have a combined deposit so far of about 25000. + +We've been told by our mortgage advisor we can afford a house worth 447000. However at the moment we're looking at houses between 150 - 250K. We both like the idea of a mortgage not taking up a huge portion of our income. + +With that said, we are still trying to plan for the future, we both want a dog and kids in future and so are looking to get a 3 bed minimum, with a garden etc to have flexibility for the future. + +Should utilize more of the allowance available? Is this common? +Question says it all really. + +Does anyone read financial papers like the financial Times or the Economist? + +We all know the value of platforms like MoneySavingExpert, and controversial figures like Robert Kiyosaki. We hear about those who proclaim the gold standard, gold and silver investments with the doom and gloom, the Fiat defenders etc. + +I've found some value from those places. Like the latest ISA news, I got the Help to Buy ISA just in time thanks to Martin Lewis (while LISA is cool, idk if I'll settle in the UK and am fairly young wanting to eventually move to the South of Europe like Gibraltar). + +Does anyone here find these papers worth their lot? + + +Hey guys, + +I'm pretty new to investing and hope you can help me understand something that doesn't make sense to me. + +The S&P 500 has grown a lot over the last 10 years, which makes sense, since it represents the American Economy which has grown a lot during the same time. + +China's economy has grown even more over the last 10 years, however, Chinese indices seem to have mostly stagnated during that time. For example, the Shanghai Composite is at about the same level as it was 10 years ago (and not just because of a corona dip). Same with the CSI 300. Why is that? + +I think the Chinese economy will continue to grow very quickly in the next 10 years and I would like to invest in something that profits from that, however, I would have thought the same thing 10 years ago and if I had invested in e.g. the Shanghai Composite 10 years ago, I would be very disappointed with the results today. Is there another way to profit from China's economic growth without buying single Chinese stocks? + +I understand you need to take data coming from China with a grain of salt, but there is no denying the Chinese economy has grown a lot and I don't understand why we don't see that in the Chinese stock market. +I've spent the day browsing gumtree and I have seen one can buy a decent looking narrow boat for 35-40k in London. Obviously, there are drawbacks to this lifestyle over buying a traditional house/flat, but what are all the hidden costs that I, a labdlubber, am ignorant of? How regularly can you expect to perform expensive maintenance? Do you need any licenses or certificates? What about council tax? + +I've never spent more than a week on a boat, so what would I be getting myself into? +After doing a plethora of research, I’m finding out that Ethereum might not be the best blockchain tech wise. Blockchains such as Cardano, Algorand, Cosmos etc all seem to have various advantages over Ethereum. + +These advantages include lower fees, speed, scalability, decentralization and already being proof of stake. (It’s debatable whether proof of stake is superior or proof of work but I won’t go into that). + +Other than being the most adopted smart contract platform and being “first to market,” is Ethereum actually technically better than most other Layer 1s out there? + +Don’t get me wrong I’m bullish on Ethereum, but I’m even more bullish on other Layer 1s. + +What are your thoughts on this? +&#x200B; + +https://preview.redd.it/jl3pdpjeryl91.png?width=836&format=png&auto=webp&s=f105bccaac129cc79a196a50c02ba68b439076b5 + +Given all that has happened during the last few weeks, it would be entirely appropriate for these two tweets to be the last for a long time. + +The most recent referring to his top priority in his professional life... GameStop and the good news regarding employee compensation. + +The one before that... well, it's open to interpretation, but to me, it's sending love to those who continue to DRS. + +And that's really all we need to hear from him for now, in my opinion. + +I've seen many other posts allude to it... it really does appear we are nearing the endgame with how the media is presenting the news of Gustavo Arnal's sudden death. Without knowing any details, I won't say anything regarding that specific event aside from the fact that I hope Gustavo's family and friends find peace and closure sooner rather than later. I can't imagine what they're going through. + +However, the way RC has been portrayed in the news of Gustavo's death is downright disgusting. I knew things could get ugly, but I guess I never really thought it would actually happen. I thought it was bad enough how the media insinuated RC performed a pump and dump with the other stock and how they talked about him during the time that he sold his shares... but to publish false information regarding RC and even Reddit users within the story of someone else's death is reprehensible. + +I'm assuming things will get worse. Not only with this particular story, but in general. That's why I had the random thought tonight that perhaps we might not hear from RC for a while, and for good reason. Though, he could tweet about GMERICA tomorrow, who the hell knows... that also wouldn't shock me. + +I realize this post is just me thinking out loud here, but it was therapeutic to type it out and to share my thoughts with others who might be as disturbed as I've been while reading the news today. + +And remember... DRS is the way. NFA. +Hi everyone. + + +Where I’m at currently is still working away at education books and getting to understand how to apply trades on dummy accounts. + +For those more experienced what is a good principle to go off to know when your truly ready to start trading so you don’t just blow money and know what to look out for etc? +So I have seen and been given the advice “learn price action” but I haven’t found a good way to learn it. Does everyone just memorize certain candlestick patterns? Is there a better way to learn price action trading? +I'm currently diving deep into forex trading , just found out about it a few days ago. I'm using a demo account to trade until I know what I'm doing fully. + +This may be a stupid question , but when I buy one stock , what exactly am I buying? So if I buy 1 stock of JPY/USD and JPY is at 0.888, am I spending $.888 (USD) on a JPY stock? I am Canadian and I'm confused if everything I buy is converted to USD for trading purposes as well. + +Thanks for reading and I apologize , I just want a yacht. +Not sure if anyone else have had this problem, but I have finally managed to trade profitably for over half a year until June 2016 (achieving a 300%+ during this time frame, with almost a 75% win rate). Since then, almost every trade I've gotten into has went against me....took a break for 4 months and now that I'm trading again, I still can't seem to get into the green. + +Any ideas? Is it a psychological thing or what? +Hey guys. Today i finished my first phase of my 100k Challenge. My question is if any of you guys who have passed the first stage, failed the second one? If yes, what were your mistakes? I‘m currently taking my time to mentally prepare for the next stage +Hi, + +Originally I read a few posts here and there which got me interested in forex trading. I'm currently learning the ins and outs on babypips. Once completed I want to practice trading on a demo account until I develop my acumen for such. I feel that this to me will be an overall positive experience as well the possibility to earn decent living. + +Im committed and the more I learn the more interest I develop. But I do worry about one thing. In my opinion I feel that I'm intelligent enough to do well in anything that catches my interests. Im very disciplined, patient, analytical and creative etc I'm just quite confident regarding my potential. But the fear is the lack of personal growth from this. + +If education / experience is enough to do well. I would like to hear your attitudes on when you first started to where you are now. Why you started, why was FX a failure or success for you, what principles were develop and also what advice would you give to your past self. + +I want to know the individual, the journey from this, or is it all just for riches? That where in your life do you want to go or be. Is there time spent doing something better, what would that be? + +I'm soon to be a student, soon to be studying a degree in bussines (finance & management) and psychology. I would like to become a psychologist and start my own business around mental health. +I feel that Forex trading will help develop my understanding of financial independence, is there more to it, keen to see what I may soon discover, fear that there is nothing to it over than riches. What were your experiences; I would like to hear your stories? + +Thank you in advance if you've taken your time to comment. I will find your efforts insighful! +Wanted to make a quick post explaining a little yesterday's volatility due to FOMC. For any peeps interested. + +Before the meeting there were 3 possible scenarios to occur and 1 was expected. + +1. dovish Rhetoric. The fed decides to have a less aggressive impact on the economy by reducing the increments of the rate hikes (25bps / 0.25%) +2. Neutral(expected) The fed goes through with their expected 50bps (0.5%) rate hikes for the rest of the year +3. Hawkish rhetoric. The fed decides to attack inflation without caring too much about the impact on the economy and decides to implement 75bps (0.75%) rate hikes. + +The market yesterday was expecting a 50bps rate hike (which occurred) BUT after the hike, Powell announced the likelihood of 25bps rate hikes in the following months rather than 50bps (turning the rhetoric from a previously hawkish, to a dovish, expecting a "soft landing" less aggressive impact on the economy.) + +Hawkish rhetoric's tend to strengthen a currency and tend to turn risk off. With a continuation of 75bps/50bps hikes we would've seen equities lose more value, gold lose more value and the dollar couldve blown past its 103.931 top. + +A dovish rhetoric (what happened yesterday) turn risk on, given the major 1000pip move on US30, or massive hikes on equities and gold and the melt offs on the Dollar. + +If you want to trade these events you must be aware of all the possible scenarios and their effect on the market. If you aren't willing to understand the fundamental side of things then trading events like this give you a good 50/50 probability set up since youre depending all on your bias to be the correct outcome of a meeting. + +Good luck! +I picked up an old copy of Reminiscences of a Stock Operator and read it on a plane ride and basically ended up going cover to cover. + +After that I found myself wanting to read a bit more, so I went through the original market wizards (albiet I skipped many of the sections I found irrelevant). + +I picked up hedge fund wizards but found it to far separated from what I do on the day to day, which is mostly small time retail forex. + + +I'm wondering are there any other books dealing with forex not so much 'instructional' but more narrative based? Specifically ones that deal with modern market conditions (post 2008?) Most of the older books are from the early 80s, 90s where the markets behaved very differently. + + +Hi Folks ! + +I'm wondering whether I should go to Forex classes or start investing a small sum and learn the practical approach. Though lot of resources are available online but would love to know from the experts. A little help please. +Last time this happened was during the dotcom crash, between the last week of January 2001 to the 2nd week of March 2001.I know the sentiment is extremely bearish atm, but statistically speaking this looks like absolutely not normal to me. Even though we are in a bear market, we should have a bear market rally before continuing to drop further IMO. What do you think about this? Will 3750-3800 become the next hard support or will we continue to see the markets collapsibg like there's no tomorrow? +Hi all, +My work pension is with Standard Life, I never really paid attention to the charges until recently as I am about to pay a large chunk of my bonus into the pension. The Standard Life platform fees are just over 1% and I believe that I am also paying 1.5-2% fund fees depending on the fund as it varries. I have tried to find cheaper funds from the likes of Vanguard and they are still listed with 1% or higher. Is this normal or I am being ripped off? +The funds have been recommended by a financial advisor who set up the pension for me so it could well be that he is getting a commission but still 2-3% charges seems crazy to me. Please can anyone help? +It's all in the title. + +Do you really understand the why of Bitcoin? If so, you're not going to let a 75 basis point rate hike by the Fed scare you off like the rest of the investment market that has a short-term view of things. + +With Bitcoin, you've opted for a low-time preference. You know that Bitcoin is a long-term monetary revolution that transcends market cycles. + +The economy and the stock market are cyclical, but the Bitcoin revolution is here to stay. The key is to focus on the fundamentals of Bitcoin. And Bitcoin's fundamentals haven't changed since its inception, so there's no reason to panic. + +Leave aside the Bitcoin price in the short term, and focus on what is essential in life. +Westpac has axed its interim dividend, with cash profit for its third-quarter coming in below expectations at $1.32 billion, as the bank lifted bad debt provisions with stress emerging in its mortgage and business loan books. + +In an update released on Tuesday morning, Westpac said "given the desire to retain a strong balance sheet and the ongoing uncertainty in the operating environment, the board has now decided it is prudent not to pay a first half 2020 dividend". + + +Westpac CEO Peter King: "Significant uncertainty remains, particularly given the unpredictability of COVID-19 outbreaks and their local impacts." Peter Braig + +Despite the pandemic, the market had been expecting that Westpac would pay some amount to shareholders after it deferred its decision on paying an interim dividend when it released its half-year results at the start of May. Last year, it paid a 94¢ per share interim dividend, before it was cut to 80¢ for the second half of 2019. + +The bank said it will "reassess" its dividend at the full-year results. It is facing a potential fine from AUSTRAC for anti-money laundering failings which could require a payout of more than $1 billion. + +Westpac said it was further increasing provisions and provisioning cover, taking an impairment charge of $826 million in the third quarter. + +The higher provision contrasts with National Australia Bank, which on Friday decided not to increase provisions in its third quarter, and Commonwealth Bank, which did not add a new provision in its fourth quarter last week. + +“Westpac’s priority has been to remain strong so we can continue supporting customers through this challenging period," CEO Peter King said in a statement. + +“We have maintained our strong balance sheet and increased provisions for bad debts to support our prudent approach to managing impairments." + +Westpac said total provisions were up 10 per cent over the quarter, or $574 million, to $6.3 billion. + +This is based on economic forecasts in 2021 of 3 per cent GDP growth, unemployment of 7.1 per cent and a 1 per cent increase in property prices, after a 10 per cent fall in 2020. + +Westpac's common equity tier 1 capital ratio was flat 10.8 per cent, which also came in slightly below market expectations. + +Deferrals down +Like the other banks, Westpac provided an update on mortgages repayments which have been deferred - saying the number was down by around 40 per cent. + +It said 78,000 mortgages, worth $30 billion, are currently in deferral, down from a peak of 135,000, or $51 billion. + +"At this point, following the three-month check-in, around half are expected to return to making payments," the bank said. + +It said over $9 billion of business lending balances, or 14 per cent of the business lending book, had received support, with one-quarter in property and property services. + +Westpac said its cash profit for the third quarter was 19 per cent higher than the quarterly average in the first-half - but this was before notable items. It didn't disclose third-quarter cash earnings in its 'pillar 3' capital update in 2019. Analysts were expecting the quarterly cash profit this year would come in around $1.6 billion. + +The net interest margin for the third quarter tightened to 2.05 per cent, mostly due to the lower cash rate. + +Mortgage delinquencies rose, and the bank said stressed loans were higher in high-risk business sectors, especially the wholesale and retail trade and property sectors. There was also a big spike in 'accommodation, cafes and restaurants' stress, which was "materially impacted by lockdown measures". + +"While there have been some signs that the economy is performing better than early expectations, significant uncertainty remains, particularly given the unpredictability of COVID-19 outbreaks and their local impacts," Mr King said. + +The bank added, in slides containing an update on emerging risks, that the "impact of the COVID-19 pandemic on the economy, markets, customers and on our business remains highly uncertain". + +"The recent lockdown in Victoria and Auckland is an example of how circumstances can change quickly." + +Westpac's update comes after National Australia Bank announced a 7 per cent fall in cash earnings to $1.5 billion for its third quarter on Friday. NAB paid a reduced, interim dividend of 30¢ per share while also announcing an equity capital raising of $3.5 billion at its half-year results in May. + +ANZ Bank's board will meet on Tuesday evening to decide whether to cancel, continue to defer, or pay its interim dividend, when it announces its quarterly update on Wednesday. + +Commonwealth Bank last week announced its full-year cash profit was down 11.3 per cent to $7.3 billion but it paid a higher-than-expected final dividend of 98¢ per share. + +Bendigo and Adelaide Bank on Monday said cash profit fell 27.4 per cent to $301.7 million and its second-half dividend had been deferred. + +https://www.afr.com/companies/financial-services/westpac-cancels-interim-dividend-quarterly-cash-profit-1-3b-20200817-p55ml9 +So I got a letter yesterday from my pension company informing me that my pension contributions from my company are overdue since February. I’m not sure at this point whether this includes my contributions as well as my employers, or just my employers as I need to call them. + +First and foremost, I know things are not great at work and this is a huge red flag. Money is an issue in my firm and I am actively looking to move job to secure my income. I have a second interview for a position next week so that’s all good. + +My concern is my boss has clearly sought to pull the wool over my eyes because I’ve had payslips showing normal deductions that tally with what I’m receiving in my account. My concern is how deep does the rabbit hole go... + +A lack of pensions contributions is essentially a pay cut and it’s frustrating but I can deal with this while I’m looking for a new job. But what happens if they have not been paying my PAYE/NIC? Where do I stand with the HMRC, am I liable to pay this back? If it’s five months outstanding like my pension that is a significant amount of money I simply can not pay back. + +I need to speak with my boss tomorrow and find out what is going on, but I’d really appreciate any advice before I do so as it’s quite a delicate subject. Many thanks all and enjoy your Sunday’s everyone! +We fucking warned you. Over and over and again and again since the January debacle. So stop bitching and accept responsibility for your actions. + +Also, this isn’t a Doge sub. + +And, we did fucking tell you. +I was having a discussion with a friend, explaining to him that I think Ethereum might pave the way for some radical changes in society, but he was not sold. His position was basically: "Ethereum cannot do anything a centralized business model cannot do." For example, I showed him SlockIt and he said whilst that is cool and all, it's something that could just as easily be done in a centralized fashion. + +Are there any business opportunities that were basically impossible until Ethereum came along, ideas that require the decentralized, distributed, trustless aspects of Ethereum to be remotely viable? + +Yes, I understand that some business models may gain from having this trust-less approach, but there's a difference between improving on a model and creating something that's never been done before and was not originally possible. + +So, can anyone think of anything? And if not, can we at least go over some types of industries or businesses that can utilize Ethereum to improve on their existing model for the better? Of course there are some big trade offs when it comes to using something like Ethereum opposed to taking a centralized approach, so the improvements need to be quite substantial to be considered worth while. + +Trade offs being: + +* Ethereum is quite new territory, meaning we could run into potential software problems in the future, including but not limited to hack attacks. +* There is a severe loss of control that a lot of businesses rely on to make things easier on their customers. This can also be considered a pro for some type of businesses as well of course. +* The scalability issues moving forward, whilst there are ideas in place, they have not been implemented yet so it's at least something to be cautious of. +* Speed is probably the biggest issue, using a centralized model it is quite easy to have blazing fast communication between your servers. Using Ethereum you have delays due to the trustless nature of the system. + +Hopefully there are some good ideas out there I can go back to my friend with, so I can show him that this is indeed something that has the potential to vastly change society for the better. Thanks. +As per title, how many of you think a 1000USD per ETH is a likely possibility and when do you think we would reach that target? It would be roughly 90 billion marketcap and being a technology that links all private banks/IT/insurance/service/media companies which (how many trillion dollar industry are those?) Do you think a 90Billion dollar market cap is too small for that? Also how much total net worth are the companies in ETHEREUM ENTERPRISE valued at at the moment? + +How much money do they account for per annum? Hopefully someone can do a list of some calculations in the comments section. + +Edit: as far as I understand(layman understanding), the more value each Ether is worth, the more secure the Ethereum network will be come PoS? As stakes will have much more to lose? + +Also with private chains, they would still use the public chain to verify data(and store a record/historical) between two different private chains...so essentially it's(the private chain) like a super sized wallet/dapp running on the Ethereum for verification? Which essentially still means that the public Ethereum network is the backbone of the private network's credentials? Also meaning that the role and value of the public chain would be very important? +There are a few proposals that have been made recently, namely: + +* [Evan Van Ness - A simple way to fund more public goods in Ethereum](https://www.evanvanness.com/post/183629647376/a-simple-way-to-fund-more-public-goods-in-ethereum) +* [ERC 1789 - A Proposal for Inflation Funding for Protocol Maintenance](https://github.com/ethereum/EIPs/issues/1789) + +If there are others please share in comments. + +Rather than specify the exact details this poll is intended just to get an idea of general support for the notion of issuance or inflation being used to fund dev within the Ethereum ecosystem or if you categorically oppose funding through this mechanism. + +[View Poll](https://www.reddit.com/poll/b4oit3) +I've spent the last few weeks obsessed with how I was going to spend my riches. What color lambo, where to vacation next, what diamond to get my girlfriend when I propose. + +Now I don't have to worry about that anymore and can focus on the ole 9-5. I can get my GF a beautiful cubic zirconium and we can live life paycheck to paycheck like every other person. + +Thank you Bitcoin for giving me that freedom. + +HODL. +As you guys know, if you buy a 2nd home you have to pay 3% additional stamp duty on top of the stamp duty that everyone else pays. It's a bummer and costs a lot. + +In my case, I was living in a flat which I tried to sell, but couldn't. I bought another home hoping that I would sell the original flat, because if you do so within 3 years, then you can claim the stamp duty back. I still couldn't shift it. + +Meanwhile, the 2nd home that I purchased was a complete state and not livable. It had to be stripped back to the bare bones and redone, in order for it to be somewhere I could live my wife. + +I did some research, asked on several forums, spoke to a lawyer who told me to speak with an accountant and an accountant that told me to speak to a lawyer. Everyone said that there was no way I could claim back that stamp duty. But they were wrong! + +I came across a piece of case law (P.N. Bewley Limited v The Commissioners for Her Majesty’s Revenue and Customs [2019] UKFTT 65 (TC)) that I thought would be significant to my case. + +And to cut a long story short, after waiting for a response from HMRC for a couple of months, I received a cheque for £17k, out of the blue. I am very pleased! + +Not sure if this will be of any interest/use to anyone. +https://www.nsandi.com/prize-checker/winners + +As always, the draw happens on the first working day of the month. The high value winners list is generated that day. Then the app allows you to check on the 2nd working day. + +Best of luck 🥳 +[DEBUNKED - SEE FIRST COMMENT] + +I saw a great video of Overstock CEO explaining what Phantom Shares is. It's from 2012 so kinda old: [https://www.youtube.com/watch?v=BdBe5\_8z53A](https://www.youtube.com/watch?v=BdBe5_8z53A) + +AT THE VERY END, at round 8:00, he says: ***"The SEC said: we have to grandfather, forgive, all the phantom shares that are in the system because we are afraid of the volatility..\[...\].. because it can crack the system"*** + +What excactly did he mean by that, and what did the SEC do with the naked shorting of Overstock stock? +I'm getting married in a couple months and my dad wants to give us $20,000 that we plan on putting away until we find a house to buy. I know the gift limit for 2014 is $14,000 to avoid taxes and we obviously don't want my dad to pay any taxes on this gift to us. We also want to put this into a safe investment that will grow faster than a CD or savings would. Anyway, would it be easier if he gave my future wife and I each $10k or is there a better solution? +UPDATE: All withdrawals have all cleared! For the time being we will manually process all transactions through a personal float until a proper hot wallet solution is implemented. Thanks to everyone for the comments, suggestions, and support. + +Unfortunately, due to a massive delay in processing at Bitstamp, and ZERO response to repeated contact requests from anyone in management or customer service there, we've had to shut down the buying option at Vancouver's Bitcoin ATM at Waves Coffee. We are dealing with a backlog of 45+ BTC that are "waiting to be processed" and have not been processed since as far back as Tuesday. + +We will not bring the ATM back online until this backlog clears and we get a response from Bitstamp. To any customers waiting for their coins to come through we apologize for the inconvenience and confusion, and we thank you kindly for your patience. We can also assure you that you will not lose any money or coins as a result of this. + +The ATM's status can be seen on the front page of www.Bitcoiniacs.com, and we will update it, along with our Facebook page, as soon as this issue is resolved. + +The salty, highly upvoted post mocking dogecoin being accepted at Tesla for some items - the sixth largest company in the world in market cap, and undoubtedly one of the most visible companies in the world, accepting the purchase of items with cryptocurrency - priced in cryptocurrency and not fiat - is absolutely disgraceful. It shows what this sub is - not an advocate for cryptocurrency, but a thinly veiled place to be tribal and act salty when other people’s bags do well. + +That’s pathetic. + +This is a win for cryptocurrency in general. I’ve been around this space since 2013. Back then, Bitcoiners were screaming for companies to accept cryptocurrency and price things in cryptocurrency. Then when it happens 8 years later, the primary attitude about it is salt just because the cryptocurrency of choice isn’t in the bag of certain people in the sub. + +Grow up, take a step back, and recognize this as a win for cryptocurrency. We are in this together. + +If it was your cryptocurrency of preference being accepted, you’d magically consider it a good thing. That’s the truth. + +Note: My bad, this is a remade post - the original was closed as I shared it on my Twitter, which I have found is against this subreddit’s rules. +For back story, just 2 days ago I posted here how [the COSS Exchange has suspended all withdrawals, trading, and deposits for "3-4 weeks" without any warning to "migrate all users to a brand new platform."](https://www.reddit.com/r/CryptoCurrency/comments/elddl8/coss_exchange_has_suspended_all_withdrawals/) + +--- + +The top mod /u/ychok removed me and a bunch of other mods last night, leaving only /u/satyarthm, /u/silects and /kayze84 who were conveniently the most active at removing any negative comments and outright banning users. (And then /u/ychok removed himself as well) + +--- + +Just know that /r/cossio is well and done with. + +—- + +Edit: I’m now banned https://imgur.com/a/wkubthi 🤣 +https://www.bloomberg.com/news/articles/2019-10-10/u-s-consumer-prices-trail-projections-as-used-car-costs-tumble + + +A key measure of U.S. consumer prices rose by less than expected in September as used-car costs fell by the most in a year, potentially bolstering the case for the Federal Reserve to cut interest rates for the third time in three months. + +The core consumer price index, which excludes food and energy, increased 0.1% from the prior month, a Labor Department report showed Thursday, below the median estimate of economists. The annual gain of 2.4% matched projections as well as the August increase. The broader CPI was unchanged on the month and up 1.7% annually, trailing projections. +Before you get too excited, this is why he can’t. This isn’t going to be the most popular opinion, but there will come a time when apes are scrambling to get their shares registered in their name with huge FOMO implications. You’ll hear apes say “I thought moass would happen when we got close, is it too late to register? Am I really going to be stuck with IOU shares”? One last thought, if your shares aren’t in your name, you have different rights legally from those who are actual shareholders with the stock registered in their name. As always: this is not financial advice. +🔥 $Vaivo SWAP: +A decentralized exchange built on Binance Smart Chain, a fast and inexpensive alternative to Ethereum. Much like the celebrated Uniswap DeFi AMM protocol running on Ethereum, VaivoSwap enables users to swap between cryptocurrency assets by tapping into user-generated liquidity pools. + +🔥 $Vaivo SHARE: +Will act like a share of the $Vaivo Projects meaning that who holds it will be part of the ownership so every holder is a important part of the community (earn passive income for holding) + +🔥 $Vaivo Defi: +Aims to use technology to remove intermediaries between parties in a financial transaction using Coins, tokens and NFT's. The infrastructure and use cases for DeFi are still in development + +🔥 $Vaivo Wallet: +Supporting Ethereum and ERC20/ERC223 tokens. Will provide a fully security system that makes it simple to store your cryptocurrency. Being Designed for iOS and Android so provide the best possible experience and ease of use. + +🔥 $Vaivo NFT Marketplace: +Users can then create their assets by uploading items to exhibit their work. The user can also select which payment tokens they would like to accept for their art and set a fee if the platform suggests it. The next step in the workflow is to list items for sale. The user can choose a bid for a fixed price or an auction. A transaction is created when listing an item for sale to launch a personal trading smart contract for the user wallet. + +🔥 $Vaivo Marketcap : +Will be a price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Listing stable coins and Tokens without the needing of paying exaggerated fees. + +-Website: https://vaivo.com/ + +-Telegram: https://t.me/vaivotoken + +-Reddit: Reddit.com/r/vaivootoken + +-Instagram: Instagram.com/vaivotoken + + Tokenomics: + 💎Total supply: 1.000.000.000.000.000 Tokens + 💎Total Burned: 735,097,242,963,343.168598242248951108 (73.5097% burned) https://bscscan.com/token/0x5F8Ed6EaF2E26a63DddC9BaA2bB0a9Bf97e6ca13?a=0x000000000000000000000000000000000000dead + +Liquidity is locked for 3 years: https://bscscan.com/token/0x5F8Ed6EaF2E26a63DddC9BaA2bB0a9Bf97e6ca13#balances + + 💎The $VAIVO Token is already set to be listed on CoinMarketCap and Coingecko the trustwallet logo when it hits 2500 holders. +🚀You can trade VAIVO on PancakeSwap. contract : + +0x5F8Ed6EaF2E26a63DddC9BaA2bB0a9Bf97e6ca13 + +or + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5F8Ed6EaF2E26a63DddC9BaA2bB0a9Bf97e6ca13 + +🔔Always DYOR and invest what you can afford to lose. VAIVO, Let's reach greater heights together. We are doing everything organically and community driven as much as possible, please don’t hesitate to bring up ideas and leads for us to achieve pitch perfect executions of our plans. Change starts with you. Small fun ideas, to lucrative ideas, we are all ears. 🔔 +Somebody explain this to me. NVDA smashes earnings with a massive beat. Demand surges. Revenue soars. By all metrics earnings was a win for the firm. And… NVDA stock dives for the pits of hell to open. WHAT +Kinda broad question, but I (like a huge number of peope around the country) recently found myself in very different circumstances to a few months ago. + +In January I was saving for two overseas holidays, pumping money into a side business and enjoying an active social life (which often involved visits to bars, cafes, restaurants, etc.). However, now the overseas trips are cancelled, there's no point putting putting more cash in a side-business that isn't doing much at the moment and the active social life has been put on pause. In fact it would be hard to spend more money even if I wanted to. + +Given my wife and I's jobs are fairly secure, I'm currently using this as an opportunity to build up our savings, through pumping money into our mortgage offset account and I've started buying more ETFs again. + +What's everyone else's plans? Anyone got any radically different ideas? +Nov 2 (Reuters) - There remains a chance that the U.S. economy can escape a recession as the Federal Reserve raises interest rates to lower inflation, but that window of opportunity for a "soft landing" has narrowed this year as price pressures have been slow to ease, Fed Chair Jerome Powell said on Wednesday. + +"Has it narrowed? Yes," Powell said at a press conference after the Fed's latest rate hike. "Is it still possible? Yes." + +https://www.reuters.com/markets/us/feds-powell-soft-landing-chances-have-narrowed-2022-11-02/ +Levels, trends, accumulation, distribution, money management, risk management, MA's, RSI, MACD, VWAP, etc, etc, etc. + +How can I learn how to actually make money? +It's obvious to me that knowing technical analysis in theory is one thing and the real world is a completely different thing. + +In this three years that I've been trading live, I've lost 40% of my account. I'm obviously doing something wrong or I'm missing something, but I just don't know what it is. + +Where or how can I learn how to trade like the 5% that make a living fro trading? +&#x200B; + +https://preview.redd.it/qtxmiiveli191.png?width=1509&format=png&auto=webp&s=babc3530fd76ae7dc37e8c9c5d9d8ddaca39d274 + +So I've been trying to learn how to day trade for over 4 years, I finally turned profitable last year (2021) and have had a solid run so far this year. But this month, I've lost so much and I'm so frustrated. I've been getting stopped out so many times over and its so frustrating. I get a peek a boo entry into stop loss, I'm really lost. It feels like my edge is gone. I've sized down in response but its making me lose confidence and I feel like I need to find something else? Any tips on getting over a trading slump? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) + + +[https://www.wsj.com/articles/morgan-stanley-to-buy-eaton-vance-in-deal-valued-at-7-billion-11602159806](https://www.wsj.com/articles/morgan-stanley-to-buy-eaton-vance-in-deal-valued-at-7-billion-11602159806) + +Morgan Stanley said it is buying fund manager Eaton Vance for $7 billion just days after completing its takeover of discount broker E\*Trade Financial Corp., continuing the firm’s shift away from trading toward steadier, simpler businesses like money management. + + Boston-based Eaton Vance, founded in 1924, brings about $500 billion in assets and bulks up Morgan Stanley’s undersized presence in bonds and sustainable investing. + + Eaton Vance shareholders will receive $56.50 a share in cash and stock, a roughly 40% premium to the fund manager’s closing price on Wednesday that is likely to raise Morgan Stanley’s own investors’ eyebrows. +Match Group, the company behind the wildly popular dating app, is going public — and a new SEC filing has provided more details on the forthcoming IPO. +Match intends to offer 33,333,333 shares of common stock, with an initial public offering price of between $12 and $14 per share. As such, the company stands to raise between $400 million and $470 million. +http://www.businessinsider.com/match-group-company-behind-tinder-files-new-ipo-documents-2015-11 +Tesla Motors confirms it will take orders for the Model 3 next month at $35,000. Buyers will pay less on a net basis after federal and state tax incentives are factored in. + +Conventional wisdom indicates vehicles need to be priced in a $25K to $35K range to be sold on a mass-market basis. GM is aiming for the middle part of that range with its all-electric Bolt. + +The latest word from Palo Alto is that the Model 3 is still on schedule, although CEO Elon Musk will face some Q&A tomorrow after the EV automaker reports earnings. + +Hello you amazing Apes!! + +I'm here to bring you more info on our next venture with NFT Tickets as it went a little nuts on Twitter. Some of you may know, we (Abante Productions) are the first to bring an NFT Series and a short film to the blockchain. + +**Into the Veil:** A paranormal mockumentary comedy + +[Into the Veil Episode 3: Mr Crunklenuts Trailer](https://reddit.com/link/za4hta/video/8qseq6p1zc3a1/player) + +&#x200B; + +**Desert Terror:** (35 min. short film) Sci-Fi Action at the height of WWII + +[Desert Terror Trailer](https://reddit.com/link/za4hta/video/qk0us9nczc3a1/player) + +&#x200B; + +# FanRoom Live + +FanRoom Live is a virtual event series online, where Fans get to meet their favorite actors, comedians, athletes and musicians in a group town hall style meet and greet with Q&As. We will be offering NFT Tickets to future FanRoom Live Events. (In the past they have hosted people like, **George Lopez, Sean Kanan, Ice T**, and so many more.) + +**First Event:** Scheana Shay and Brock Davies (of Reality TV Show 'Vanderpump Rules') Virtual Meet and Greet {10 VIP Tickets / 10 General Tickets were minted that I personally made} + +&#x200B; + +[Ticket No. 420420](https://reddit.com/link/za4hta/video/qxsohama2d3a1/player) + +# The People Involved: + +[https://twitter.com/LynnMosqueda](https://twitter.com/LynnMosqueda) + +**Lynn Mosqueda** (me).... I've been an ape for 84 years (no really, I was Jackie Tetas for the APE News Network) and I'm one of the Owners of Abante Productions. + +[https://twitter.com/DannyAMason](https://twitter.com/DannyAMason) + +**Danny Mason**... he's the other Owner of Abante Productions and creator of 'Into the Veil.' + +[https://twitter.com/AbanteP\_Film](https://twitter.com/AbanteP_Film) + +**Abante Productions**... We create Film, TV, Art, and more from concept to completion. + +&#x200B; + +[FRL Logo](https://preview.redd.it/3mdrlzov8d3a1.jpg?width=1850&format=pjpg&auto=webp&s=cbeefd7fe78070336817b116f4600d283da68929) + +[https://twitter.com/CedEntertainer](https://twitter.com/CedEntertainer) + +**Cedric The Entertainer**... **yes the one and only**... the actor and comedian is Co-Creator, Co-Founder and Co-EP of FRL. I feel like he's self explanatory... + +[https://twitter.com/JaeBenjamin](https://twitter.com/JaeBenjamin) + +**Jae Benjamin** is an Actor / Comedian / Producer / Writer who is Co-EP and Host of FRL. This is who we work closely with for this venture and was in Episode 3 of Into the Veil! + +[https://twitter.com/JeffKrauss](https://twitter.com/JeffKrauss) + +**Jeff Krauss** who also owns [https://www.iegny.com/](https://www.iegny.com/) "a unique entertainment and hospitality company, specializing in special event planning, corporate events, holiday events, charity events, launch events, private and after parties, VIP dinners, Birthday events and more." He is Co-Creator, Co-Founder, and Co-EP of FRL. + +[https://twitter.com/123\_talent](https://twitter.com/123_talent) + +**Mich Faulkner** who also owns [http://www.123talentinc.com/](http://www.123talentinc.com/) which Specializes in Celebrity Bookings & Appearances. He is Co-Creator, Co-Founder, and Co-EP of FRL. + +# NFT Tickets & GameStop + +Sadly, time to put your tinfoil hats away. As much as I *want* to say that Ryan Cohen came to us for GME Entertainment and to be a part of NFT ticketing... that's not how it happened. This is not something where we all huddled up in some back room to make all these magical crazy things happen, it spun from the Desert Terror ticket... + +GameStop NFT Marketplace is still in **Beta**, there is still so much work that all of the amazing teams there are constantly doing. One thing as a TV/Film Production Company that we needed to do to make 'Into the Veil' NoT fReE tO wAtCh was to use collabland in our discord so that the NFT is verified and you have access to the full Third Episode. I made the first movie ticket for Desert Terror in order to accomplish the same thing. We are working towards the goal of lockable content so that it is all on the blockchain, but until then... we have workarounds. + +**NFT Tickets:** This will work the same way, verification through our Discord. QR Codes are not allowed on the GSMP (don't ask me why, I can't remember...) We are working towards a better way as we go through the process and to test out GameStop to prove it's viability!!! + +# The Mission... + +We are on a mission to shake up the entertainment industry.... make no doubts about it. Abante is a super tiny Indie Film Production Company that did what no one has done: We brought a Series and Short film to the blockchain + +We will not stop at just one ticket event, the partnership with FanRoom Live is for future events and there are some awesome peeps coming up.... And we're not stopping there. + +I love you all so very much and I absolutely love this community.... As always, you are welcome to AMA + +\- Lynn +This is a spreadsheet that I have developed for myself gradually over the last couple years. I have found it very helpful for keeping track of my bitcoin holdings (great for tax purposes). No need to trust third party apps to keep your personal information - track it yourself. + +There is a lot in here including; + +Automatically updates prices from coinmarketcap. The top 100 coins included. Just select which ones you want to track by typing in the name. + +You can even choose your local Fiat currency and get live conversion rates for any country. + +&#x200B; + +https://preview.redd.it/wwdn2wb1w1q31.png?width=1536&format=png&auto=webp&s=d4ea1b16931969c97f7885881e05a090e61b3939 + +You don't need to record details of every trade. Just keep track of your crypto purchases (from fiat) and what coins you currently hold. The spreadsheet will calculate the rest and keep a record of how your portfolio and holdings have changed over time (it logs this data every time you save the sheet) + +https://preview.redd.it/av1zv113w1q31.png?width=1380&format=png&auto=webp&s=461c5d0563f12016d8197a6cc1076eec3f2064c4 + +&#x200B; + +https://preview.redd.it/exjlvbj4w1q31.png?width=602&format=png&auto=webp&s=52a06ee3fe6d9b1cfa92c31807ed0f0dc503df00 + +I find this very handy to see if your trading is actually profitable compared to the HODL method. + +https://preview.redd.it/124eage5w1q31.png?width=929&format=png&auto=webp&s=3a0e1b625463e7d732e2a844c67297d45fa2dca1 + +Oh yes and there are plenty of 'moon math' and analytics to see how bitcoin is trending. This includes a full history of bitcoins price which updates every time you open the sheet. + +https://preview.redd.it/hen0sdb7w1q31.png?width=602&format=png&auto=webp&s=d95ec2f3fe7fcb4834a995baf05b158ed7aa8d4f + +This version has some bug fixes and a few new features including a 'Stock to flow' price prediction model; + +&#x200B; + +https://preview.redd.it/75ufw499w1q31.png?width=881&format=png&auto=webp&s=f4df7e89286f0a0a470a7e3f67a5666188507c73 + +free download from here. Instructions inside. You will need macros enabled if you want it to do the fancy stuff. + +[https://www.dropbox.com/s/5vq8lglmnrt9dfv/Cryptoprices10%20-%20For%20others.xlsm?dl=0](https://www.dropbox.com/s/5vq8lglmnrt9dfv/Cryptoprices10%20-%20For%20others.xlsm?dl=0) + +Let me know if you have any issues. +I stopped following WSB since I realized the original members are toxic as f. They shit on everything GME and AMC, Even if it’s a post talking about helping others. I love how Superstonk shows that people can be helpful and positive. Thanks mods! 🙋🏽‍♂️ + +🔥🚀🧑‍🚀🚀🔥 +$GDET - GD Entertainment & Technology, Inc + +Reasons you should get out now before it's too late + +* As of last Quarterly Filing for August they have just over $2,000 in their bank account + * They just filed an extension for late filing for period ending November 2020 + * What cash do they have to pay for this filing +* $153,000 due from officer? + * Are you kidding me this says it all. They must have loaned the CEO this money. For what! Is this publicly traded company Anil Adnani's personal piggy bank? I think so. + * This stinks of something fishy +* Revenues just over $1,000 for last quarter + * I've made more money selling on ebay in the last 30 days, should I become a publicly traded company too? +* Spread so thin + * They just pick the "hot" businesses to say they are involved in + * Blockchain, CBD, Gold Credit Cards, they do it all + +**This company is insolvent, the second an investor refuse to convert their Debt. Heading for bankruptcy, stay far far away.** +EDIT 1: Remember market collapse is and always has been Kenny's end game. He wants to be a hero. He wants to be a bank. He's short EVERYTHING. we are the only thing stopping this...someday + +The DTCC, as they stated before congress that they did for robbinghood, can forgoe a margin call and let it slide. (edit1: and the expectation that they would willingly make a margin call that would result in their own destruction is not reasonable) + +And lawyers/judges aren't the answer like the AMA guy says. Lawyers always think 'sueing' is the solution to every problem. It has NEVER worked (legal fees basically just another cost of doing business for wall street) and isn't going to work here. + +We are the catalyst. I buy. I hold. I buy again. + +The lawyer was right to call out gamestop. Cohen IS NOT chairman yet. I expect tanking of GME until he takes over and we will be looking to gamestop to serve their shareholders interests. + +&#x200B; + +Edit 2: From page 7/61 of your proxy statement "Chair of the Board and Presiding Director- We have a Chair of the Board who is also an independent director and who serves as the presiding director within the meaning of the listing standards of the NYSE. **Currently, Kathy P. Vrabeck serves as the Chair of the Board. Immediately upon his re-election to the Board at the annual meeting, Ryan Cohen will become the Chair of the Board."** + +&#x200B; +Looking to get into guns and ammo stock. Mostly ammo stock since you can’t even buy ammo! Only stock I know of is POWW from Ammo inc. any body know of a good one? +My family has reached the point where we can retire early if we move to a low or medium cost of living location, and could use help with thinking through how to select. We've written down some of our must haves and nice to haves, but are feeling overwhelmed with the decision. + +So, for those that have gone through this process - either for scenario planning or especially for those that then acted on the decision - how did you arrive at your top choice? Any other details - what factors did you over- or under-estimate, or totally miss - are also very welcome. + +I'm defining medium and low cost of living locations as the bottom three quartiles of the largest 300 American towns when sorted according to the ACCRA cost of living index. We live in a VHCOL location now. We haven't really considered leaving the States - as much as we love to travel, there are enough free variables as it is! + +To be clear, we would like to select a place where we would remain. It's possible that we'll move later, but we don't want that to be part of our plan. + +Thanks! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +The slower I’d consider going. I know it’s a painful statement but trying to intraday trade or scalp on a $10k account is not a very reliable approach to developing wealth. It’s a bit of a conundrum: when we start we want things to move quickly but tend to have limited capital. Want to develop wealth? Accept that $5k you’re starting with is no where near enough to turn into your future fortune. Focus on developing strategies and skill sets that you can reliably apply as you continue to save and build your account. + +Options can be a tremendous source of income once you have a developed account and sound approach. Don’t get in your own way but rushing, taking unnecessary risk to try and make more now. +Economy is in the crapper. Nobody is buying cars. The car companies will go out of business without help from the government. Supply is up and demand is down. Yet prices have not dropped (as opposed to housing). What gives? +[Link](http://www.nyu.edu/econ/user/gertlerm/kansasfed.pdf). + +This week's article was nominated by /u/mrlibya, who writes: + +> We explore the implications of asset price volatility for the management of monetary policy. We show that it is desirable for central banks to focus on underlying inflationary pressures. Asset prices become relevant only to the extent they may signal potential inflationary or deflationary forces. Rules that directly target asset prices appear to have undesirable side effects. We base our conclusions on (i) simulation of different policy rules in a small scale macro model and (ii) a comparative analysis of recent U.S. and Japanese monetary policy. + +*** + +We're a bit behind because of Journal day, but we will be running 2 more papers in December. [Make your nomination here](http://www.reddit.com/r/Economics/comments/2nzsj0/article_of_the_week_nomination_thread_for_december/). The final week in December will be an end-of-year "How are the mods doing?" subreddit discussion forum. +Thinking of doing a Monash MBA $88,000 and the time investment is a lot. + +Wanting to set myself apart for management opportunities and build my business acumen, so assist more with the business side of the NFP I’m in and be a director. + +Thinking MBA will set me up for this, as well as help with networking. With the all lockdowns we may have in near future, I feel like I may as well study also +I trade in Pakistani stock market. + +Yesterday the market was confidently bullish. I longed some stocks. Market closed positive. + +Today when Iran retaliated, market went bearish again and my trade is in loss. + +I'm assuming this conflict will go on for a significant amount of time. Should I close my trades? Should I hold? How much impact Trump's tweets and Iran's blackmailing/threats will have on market? + +Edit: Thank you for your opinions. The market closed 2.82% positive the next day +For those not up to speed, my 38 yr old, single, no-kids, co-worker put in his notice a couple weeks ago. + +First post: https://www.reddit.com/r/financialindependence/comments/4m4a3c/holy_crp_my_coworker_basically_fired_today/ + +First follow-up: https://www.reddit.com/r/financialindependence/comments/4mfde0/follow_up_to_my_coworker_basically_fired_today/ + +Friday was my co-worker's last day! The whole department went out for lunch. It was a gorgeous day, so we ate outside for the entire lunch hour. Then I was surprised when someone in the group suggested we go out for ice cream instead of return to the office. So we did. Even our boss. Lunch hour ended up being a good hour and a half. It was so beautiful out and we work in a resort town. Tons of people heading out to the beach and enjoying the day. We're seriously eating our hearts out knowing that come Monday (today), our co-worker's day is his own. + +Co-worker was smiling ear-to-ear as he packed up his desk into a single box and left the building for good. + +Then some of us went out for drinks after work. I peppered him with questions. + +"Was early retirement the goal all along? When did you know you could retire?" +It wasn't the goal until the last review, which was somewhat unfavorable. (I also learned a bit more about why the review was unfavorable. The reason was BS and had a lot to do with the fact that our boss is new, rather than him doing a bad job). It was then that he ran the numbers that he figured out he could quit and be ok. But he had really wanted to leave or do something else for years, the review was just the push he needed. + +"Do you ever foresee yourself returning to another professional career?" +He doesn't. He's been sick of the corporate BS for a long time. He said he'd honestly rather work retail for minimum wage than deal with company politics. He said he worked at the GAP when he was young and actually loved it. He'd much rather do something like that if there was a down stock year. But for now he's really excited to get into letterpress. + +"What do your parents say? Are they freaked out that you gave up the 'security' of a full time job?" +Nope. They said "Good for you! Life is too short." + +There were lots of jokes and laughs about retirement--senior discounts and eating dinner at 4:00. Stuff like that. At one point he told another co-worker to, jokingly, fuck off because he'd never have to work on his hated project again. Hilarious. We howled! + +Then this morning, just a picture on Instagram. "First run in retirement" and a photo of a beautiful trail at 8 am. :) +I am 17 years old, I will be 18 in august of next year. My parents have already told me that I will not be welcome in their house the day after my birthday. + +My birthday is 8 months away, that’s usually enough time to save up some money before I get kicked out. Unfortunately due to the COVID pandemic my parents are refusing to let me work. My parents both have co-morbidity issues, and I spend a lot of time caring for my grandparents (87 and 84). They are worried I will bring the virus home to them. + +Right before the pandemic hit I had a really nice job lined up at a daycare center, paying a full dollar above Florida’s minimum wage. It was supposed to start in may last year because daycares are busier during the day in the summer. I have worked in the past babysitting, temporarily at the daycare center, filing for my mother’s company, in a grocery store. None of that money that I made is mine. All of that money (~$2500) is in a bank account with my mothers name on it, not mine. I have a debit card from that account, but it doesn’t have my name on it. + +I do have a vehicle, but it’s not really mine. A few months after my 16th birthday I bought a $1,200 Ford Ranger (with my own money) from a nice old man who gave me a very good price. Unfortunately, my mothers name is on the title. She doesn’t refer to it as my truck anymore, but as my little brothers. Her plan is go give it to him in 3 years when he turns 16. + +I really want to go to college, the community college where I live is incredibly cheap. I would get my AS in nursing and get an RN certification. That’s probably a goal for me a few years from now, I need to have a place to stay first. + +You probably gathered enough from this to guess that my family situation is a dumpster fire. If you did you’d be right. My mother is an alcoholic that enjoys hydrocodone and ‘medical’ marijuana. My father is out of work for a completely shattered wrist (he’s a mechanic). Here I am no money, nothing to my name, and a crap ton of time on my hands. I am still in high school and I do that from home. + +As far as I’m concerned, I have a few housing options when I turn 18 + +-Move in with my boyfriend, we’ve been dating for two years and I really like his family. Even though it seems great, I really don’t want to do that. That’s a lot of commitment that I don’t feel ready for. + +-Crash with a friend? This isn’t too much of an option, I am no joking when I say I don’t have any friends. My parents don’t really make having friends easy. + +-I could sleep on the couch with my grandparents. This is my least favorite option, they live next door to my parents and as selfish as it is, I’m sick of being their main caretaker. + +-There is a youth homeless shelter 70 miles away from where I live. It does have places nearby where I could work. This is probably my best option. It pisses me off relentlessly that I will be homeless the day after I become an adult. + +I live in Jackson County, Florida if that helps any. I need a plan. I don’t know what to do and everyday is pretty hellish for me here. Even with my home life as awful as it is, I wouldn’t want to move out the day after my 18th birthday. I am completely unprepared. My parents are kicking me out onto the streets in the worst economy since 2008. Any advice is greatly appreciated, I’m trying to keep myself composed. +Maybe this is a question suited for some kind of therapist like Wendy Rhoades from Billions but would like to hear from you guys personally how you battle through this or not let it get to you at all mentally. + +You do all your research, due diligence and invest in things you understand and feel that there's fair valuation or great future outlook for a company, whatever it is. You feel like you're doing everything right, not gambling anything away, making a decent profit slowly but surely. You get friends/family asking you for advice but at the end of the day, they don't listen to what you have to say and end up throwing everything into a stock, most recent example would be Tesla. + +Market cap is larger than Walmart and climbing, up almost 100% since the announcement of a split and all it does is ignore logic and trucks on forward. All the time you've put in over the years learning stocks and whatnot and all of a sudden someone new who has no knowledge of anything related to finances decided to throw a bunch of money in and at the right time ends up being way ahead of you in profit/gains all in a few months. I start to wonder why didn't I do that and FOMO starts to build up making me want to me irrational moves. + +It makes me feel like a failure but at the end of the day I didn't lose any money... so I know I shouldn't feel this way but I can't help that it's in the back of mind. Any advice or tips Reddit? + +Cheers! +You may have a problem with the Brookings Institution. Good. Talk about it. After reading this article, and perusing these other sources. + +I'm tired of people saying college isn't worth the expense any more, or that the value is decreasing, or whatever other pessimistic garbage they want to throw to the redditors who are hungry to express their angst against the system. + +http://www.nytimes.com/2014/06/24/upshot/the-reality-of-student-debt-is-different-from-the-cliches.html?_r=0 + +https://twitter.com/stlouisfed/status/641671294803681281/photo/1 + +http://www.brookings.edu/research/papers/2014/06/19-typical-student-loan-debt-akers + +http://hamiltonproject.org/earnings_by_major/ + +The short version: College is worth it. The gap between those who have degrees and don't is WIDENING. Are costs going up? Yes. Do most people experience a significant burden paying their monthly student debt payment? No. Not by a long shot. + +Go to school. Right after you graduate, things may look bleak. Budget wisely, and pay down debt as much as possible. Then...work hard and be patient. Over time, it is incredibly clear that college is worth it. Notice that you don't see a lot of people saying it isn't who aren't disgruntled young folk. Let them be disgruntled. You...you be better than that. Go get new skills (maybe at a degree granting institution), and use them. Meet people. Have goals and work toward them. + +And if you're on the fence about going to school...don't let anecdotes on reddit from people under 30 sway you. It gets better over time. You'll be glad you went. End of rant. +It’s not a new fact that the Feds have warned us of a hard landing. +So I’m just curious, at what possible time interval will the recession be dangerous? + +At the moment, most in developed countries is doing fine. Considering how much they’re spending. + +So how long do we have for preparation before a catastrophe hits? + +And WHEN is that catastrophe? + +Thanks for your time. +I ran into a bit of extra cash recently, I decided I'd like to pay my rent in advance. I called up my landlord and said "I'd like to pay 6 months rent up front now and get 1 month rent free" + +To my surprise he agreed. So for the next 7 months my rent is paid for :) + +I consider this a return of 16% on my money...which IMHO is a good return. + +Anyone else ever do this before? + +Also I got it in writing as well, signed and witnessed. +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. +Hey everyone, + +&#x200B; + +I am 27 years old. I am living in a really cheap apartment cost $500/month + internet. I have a $240K net worth and growing. I make $80K a year + benefits. My only real costs besides rent is traveling which I do cheaply every 3-4 months. My net worth breakdown is this: + +&#x200B; + +* $80K in 401K a S&P 500 Index Fund +* $50K in my bank account +* $50K in a Vanguard Total Stock Market Fund (VTSAX) +* $30K in Berkshire Hathaway Class B Shares (BRK.B) +* $30K in American Towers (AMT) + +&#x200B; + +Please help in anything I may want to do/get into to increase my net worth. I am trying to get into financial independence by my late 40's ealy 50's. +ll take the downvotes and say I disagree, the GME logo has gone White. Ok, I googled GameStop logo history and realized that they did in fact have a white logo on black background before, but only for 1 year. Back in 1999 Barnes n noble owned Gamestop and in that transition they created an all-white logo on a black background. Then Barns later on at the beginning on 2000 acquired or bought a company called Funco. At this point Funco was renamed GameStop because Barns was planning splitting off GameStop into a company with a new ticker simple / as a NEW IPO. + +Maybe they’re doing the same right now… Maybe history is repeating itself and they’ve changed the logo White and will soon release a new logo / new ticker / and force all the current shares to transfer to the new ticker symbol… after all, one of the exects did NOT say that they were an ecommerce company, not a gaming company, what he said was that they were now a technology company,… AKA maybe we’ll get something like GameStop Technology - GMET + + +TLDR: If history repeats itself then GameStop logo didn't go black - it went WHITE and the last time this happened was for only 1 year in 1999-2000 when they were owned by Barns (N) Nobel.... In 2000 Barns NN acquired Funco in and then changed the name of Funco to GameStop and broke it off into a new company. + + +https://en.wikipedia.org/wiki/GameStop#Barnes_&_Noble_Booksellers_(1999%E2%80%932004) + + +Barnes & Noble Booksellers (1999–2004) + +In October 1999, Barnes & Noble Booksellers purchased Babbage's Etc. for $215 million.[14] Because Babbage's Etc. was principally owned by Leonard Riggio, who was also Barnes & Noble's chairman and principal shareholder, a special committee of independent directors of Barnes & Noble Booksellers evaluated and signed off on the deal.[15] A few months later, in May 2000, Barnes & Noble acquired Funco, the owner of Eden Prairie, Minnesota-based video game retailer FuncoLand, for $160 million.[16] Babbage's Etc., which had been previously operating as a direct subsidiary of Barnes & Noble, became a wholly owned subsidiary of Funco.[17] With its acquisition of Funco,[18] Barnes & Noble also acquired Game Informer, a video game magazine that was first published in 1991.[19] Funco was renamed GameStop, Inc. in December 2000 in anticipation of holding an initial public offering for the company.[6][20] + +In February 2002, the company once again became a public company via an initial public offering.[21] Barnes & Noble retained control over the newly public company with 67% of outstanding shares and 95% of voting shares. Barnes & Noble retained control over GameStop until October 2004, when it distributed its 59% stake in GameStop to stakeholders of Barnes & Noble, making it an independent company.[22] + + +1999-2000 Logo’s +https://logos-world.net/gamestop-logo/ + + + + +Edit: Awards and Karma.. I don’t even know what awards are and my karma’s been under 300 for years now cause you know, Lurker and all ... wow, Best 4th of July Ever! Thank you everyone; and special thanks to the shitposters (except you Rick) and Hypemen - your posts and videos are awesome and a deep thank you for the entertainment value you provide all of us. + + +Edit 2: I still have all of my fingers but will try to post a WhatCouldGoWrong and InstantKarma videos of my neighbors firework mishap followed up by a ticket from the police. .. can’t wait till Guy Fox Day!!! +What have you done involving your Bitcoin that you regret the most? + +Did you panic sell? Did you get rekt in trading? Send to wrong address? Lose your keys? + +I tried trading once 2 years ago, fucked up, and learnt my lesson, never again! + + +Curious to hear your stories! We all atleast have one😅 +What do you do outside your day job to bring in some extra money? + +1. What is it? +2. How long have you been doing it? +3. How much time do you put into it? +4. On a scale of 1-10 (10 being very well) how well does it pay for the time and effort? +4. How difficult is it to do/get in to? Cost of entry? +# The Apollo Cryptocurrency + +Apollo is the "all-in-one cryptocurrency" that has everything - smart contracts, sharding, the BEST privacy features, and more! They'll be sure to tell you all about Apollo's amazing features in their communities. Here's the only problem - **it has absolutely none of those things right now and is all promises** from a dev team that has not proven one bit of a competency yet. Their website is even built on Wix - but I'm sure they have the ability to make the great cryptocurrency anyone has ever seen like they say. Anyway.... + +**Apollo is an NXT fork** that lowered the block time down to 2 seconds. They have several other insignificant changes to the code (I'm talking seriously insignificant - like it changes nearly nothing) and will hail them as the greatest lines of code ever written, using big technical-sounding words to trick their extremely devoted, cult-like followers and mask what is essentially either: + +1. An already existing feature of NXT with a different name +2. Changing a few lines in the code + +So why is this an issue? There are plenty of cloned coins in crypto that claim to be the next best thing since sliced bread - so what's the issue with APL? Well there's a few. First, APL itself has been pumping parabolically recently and the APL team is fueling this pump as hard as possible. They are actively telling people word-for-word to load their bags now, we're going to be $1/APL soon (above Ethereum and Ripple in market cap) because we make them obsolete, and more. If you say anything about "if you made money on APL you should consider taking profits" or "the price has to correct after increasing like this" you will be IMMEDIATELY BANNED from their community, no questions asked. I'll go onto the Telegram next, but I need to mention that **the founders have been verifiably dumping as much APL as they can during this pump on investors while continuing to fuel the buying with hype and fake news to keep this going for as long as possible.** This isn't a surprise, as they already did this in the past: [https://www.reddit.com/r/CryptoCurrency/comments/9m90il/proof\_that\_apollo\_foundation\_is\_dumping\_their\_own/](https://www.reddit.com/r/CryptoCurrency/comments/9m90il/proof_that_apollo_foundation_is_dumping_their_own/). Here are some APL Founder-held addresses if you'd like to watch them get rich in real-time: APL-4BUY-KK5W-B3KC-DMHBM and APL-NZKH-MZRE-2CTT-98NPZ + +&#x200B; + +# The Telegram + +Now the Telegram. I could write a whole separate post just on this, but the APL Telegram group is the single most brainwashed group of people I have ever seen in crypto, and that's saying something because I've been in 100's of Telegrams. **Saying ANYTHING - and I'm not kidding - ANYTHING - about the tech of APL (even asking a question about it), mentioning NXT, saying the word "fork", "dump", "sell" - the list goes on - will get you immediately banned**. They ban so often that I've made a list of comments that got people banned so far: + +\-"The price is up 700% in a week. I think I might take some profit in case it drops" + +\-"Isn't the privacy of this coin exactly the same as NXT? Can someone explain how it is any better?" + +\-"Why do you keep banning people for asking legitimate questions?" (followed up with response from an admin "These 'questions' are just FUD on NXT's tech...these people just want to see the project fail". + +\- "How do you plan to implement sharding in Q1 when their is no code in the Github for it yet?" + +\- "You guys think the privacy of this coin is really better than Monero?" + +Not only will you get banned. If you ask a question about the tech and get banned, the rest of the Telegram follows it up in the chat BY HAILING THE ADMINS like they are some sort of savant for saving them from the terribles FUDers. It is actually so ridiculous that I invite you, /r/cryptocurrency, to go see this for yourself. Ask a question - any question - about the tech of NXT - or really, just say anything that isn't "NXT TO THE MOON!". Just google the Telegram for the Apollo Community and see what goes on there for yourself. + +&#x200B; + +# The Founder: Steve McCullah + +Now let's talk about the founder. I'm not even concerned if he was a scammer or not in the past, that's irrelevant. The concern is what he's doing right now. Besides clearly dumping coins, he is using the Telegram - which through banning all opposition to the project is essentially just a massive brainwashed hivemind that will do whatever the founder says - to pump the coin and swarm anyone who tries to pose any sort of legitimate argument against it with tons of people who act like they would die for this project. This has happenned at least 15+ times since yesterday in the Telegram. Here's a great example: [https://imgur.com/a/09vUQo9](https://imgur.com/a/09vUQo9) + +**That is the FOUNDER of the project**. His defense to criticism always has to do with the price/market cap of the project, usually followed with a vague promise about how some tech planned on the APL roadmap will pump APL more and destroy other cryptocurrencies. To see how well it works, read the comments of that tweet: [https://twitter.com/lioryaffe/status/1087075217447546882](https://twitter.com/lioryaffe/status/1087075217447546882) + +So this is bad, but then there's the fake news. The Founder CONSTANTLY publishes fake news to his massive army of shills to keep them buying and pumping the price of APL so he can dump on them. Here's an excellent example of this: [https://imgur.com/a/eUCENY7](https://imgur.com/a/eUCENY7) + +This one happened a few hours ago, and the APL Telegram is taking this news at face value, no questions asked, and talking about how Bitcoin is dead - that APL is new standard. They are eating news like this up as 100% fact. If you ask any questions about that news - what are the actual location, where are the news articles, etc - community turns on you and will call you names until an admin bans you. If an admin is there, you'll just get banned immediately. Seen it happen at least 10 times already with this one piece of news. + +The founder, when trying to defend this project, shills a few major points: + +1. "3rd generation cryptocurrency" (as if forking NXT in 2018 magically makes this project better than all others), +2. Ultimate privacy (Guess what? It's not private at all! They use a coin scrammbler in the wallet- something which exists for bitcoin, ethereum, and many other coins - and claim that this makes their coin have the greatest privacy of any coin ever, +3. Decentralized file-storage (we all know storing files on the actual blockchain itself is essentially impossible, especially with NXT's tech - not that they even have any product out for this claim anyway. Don't worry, it's "coming soon" though) +4. Their coin "Forging" system - something already implemented by NXT that they have given a new name to + +I don't even know what can be done at this point, or how to stop this machine from turning and making the founders rich. They already made several millions from dumping last time so they had the funds to hire John McAfee to shill the project this time around. The SEC should honestly be investigating the founder (Steve McCullah) and his practices, but I doubt that will happen. I'm not usually one to call out projects so harshly like this, but I feel terrible for the innocent people that are all going to get burned by the pump-and-dump happening now by holding their coins as the price drops into the ground. I invite you, reddit, to help spread the news and STOP SCAMS like this from plaguing the cryptocurrency space. If you have any suggestions of what we can do to stop projects like this, let me know as there are many people watching this project scam who feel helpless right now. +TLDR; New trader, what amount can i start at? + +New trader at around 3 months and $300 in long term investments and ETF’s, but with school ending in a week I want to get some cash through day trading. I’ve been reading books and prowling Youtube/ Reddit with no sound info on how good starting with $100 is, so I was looking for other traders’ thoughts. I also don’t want to gamble it away, I’m looking for smart plays on how to make small amounts of cash. breaking $1000 would be insane to me, but even doubling it to $200 over the next couple months would be a dream come true. any advice would be much appreciated, and looking forward to reading them! :D + +edit: I use webull which is commission free, not looking for massive returns, if i make any profit whatsoever i’ll be content with it. thanks for the advice! + +edit 2: am willing to move on the price, but no higher than $500. just looking for a place to start from and strategies instead of luck and gambling +Anyone know where people get their news from or if this is just insider trading? It happened yesterday with HOTH and today with SILO. I noticed usually 1-5 minutes before bezinga's news comes out on a stock it's already being traded and already moved up a decent amount say moved up 50% on 100k volume just before any news releases. I used bezinga because they were the first to release news on these stocks, not mtnewseire or reuters or anyone else that I was aware of. +What if someone just wanted a growth fund WITHOUT the tax implications of dividends of VOO, for example? This would be held in a taxable brokerage account. The dividends of these index funds are taxable events. Essentially looking for max growth without adding to the tax burden. +ONE (Not to be confused with Harmony ONE) is the exchange token for the promising cryptocurrency exchange BigONE. The ONE token has 0.1% of the market cap when compared to the Binance token, BNB, but the exchange volume is 2%. This is a twenty times difference, with the opportunity to make the coin 1000x! We believe the ONE token to be massively undervalued, and this past weekend saw a small taste of what’s to come with a quick run up, which doubled the bags of everyone who had the foresight to already be invested. (Obligatory rocketship emojis) + +&#x200B; + +BNB token Market Cap: $44,037,294,258 + +24h Volume: $7,712,653,924 + +Current price as of posting: $263.79 + +&#x200B; + +ONE token Market Cap: $47,051,682 + +24h Volume: $3,325,313 + +Current price as of posting: $0.004924 + +&#x200B; + +Current analysis puts potential gains at 100x or even 1000x times its current value. You do the math. Get in before the action starts and strap in for the ride! + +ONE can only be exchanged on the BigONE exchange, found here: [BigONE](https://big.one/en). +Hey everyone, + +I know owning a dog can change your life but how expensive is dog ownership here in australia? It is not commonly discussed and I'm wanting to hear from all of you that have a dog/pet. + +I'm wanting to get a toy poodle puppy (8 weeks old) for our family. 2Adults 1Child. + +So far the dog + some upfront essentials (food, leash, carrier, insurance etc) are gonna cost around $4k. Is this justifiable? What else do i need to look out for and approximately set aside each year towards pet ownership? + +Also any tips towards making life easier for myself as a first time dog owner? + +I look forward to hearing from all of you. Cheers! +Still a fair while away from retirement. With partner, no kids. +I’ve been looking at our retirement like ‘get x properties, live in 1, get rental income from others’ , but just had the realisation with no kids we don’t really need to leave anything behind. So, now I’m thinking what does retirement look like re using the asset values to go out with a bang :) + +Any suggestions on how this could work? Eg do we think about keeping a PPOR, selling the other properties and having fun with the cash? Is there such thing as a reverse mortgage in AU? + +Any recs on how to structure and where to start researching more on this topic? +Doesn't hurt to ask as I don't have the answer to the question. I have a police report. + +Thanks. + +Edit: thank you all for your kind concerns. I wasn't hurt, and I've had a bit of time to let things go and now look at options moving on. I will go to my local branch to ask and will reply here with the result and hopefully someone else with a similar situation will find the information useful. +Is anyone else in a position to purchase a property to live in but deciding not to and to keep renting instead and, if so, why? I have a resonable deposit and steady job but for the foreseeable future I think I'm going to just rent and focus on buying shares. +I'm single, so a mortgage seems a huge and a bit scary thing to take on on my own is one of the main reasons but also I am not quite sure where I'd like to live and if I bought, unlike renting it's a lot harder to decide, "whelp, not really keen on this area any more, guess I'll move". +Though sometimes I think being a life-long renter might be less than ideal, especially when I'm older. Right now, I'm 36. Also if I put off buying for another decade, will it be harder to get a loan at say, 46? +Hey everyone, + +I know owning a dog can change your life but how expensive is dog ownership here in australia? It is not commonly discussed and I'm wanting to hear from all of you that have a dog/pet. + +I'm wanting to get a toy poodle puppy (8 weeks old) for our family. 2Adults 1Child. + +So far the dog + some upfront essentials (food, leash, carrier, insurance etc) are gonna cost around $4k. Is this justifiable? What else do i need to look out for and approximately set aside each year towards pet ownership? + +Also any tips towards making life easier for myself as a first time dog owner? + +I look forward to hearing from all of you. Cheers! +I invest only in crypto and also invest most of my money in crypto. Two big mistakes for most people here. I am aware about that. I could invest in stocks, silver or some other safer things. But it would be waste of money in my opinion. Those things are less profitable than crypto, so I would waste my time. For the same reason I invest almost all of my money in crypto, not just some. But I can afford that, I am student, I live with parents, I have no girlfriend/wife and no kids. I don't need most of my money. I earned or saved them myself, so I can do whatever I want with those money without regrets. And I live in europe, so whatever shit happen I still will not need my money, healthcare is "free". + +I do not buy shitcoins or believe in 1000x profits in few weeks. I risk, but I am not an idiot or gambler. I believe crypto is the future, and it will grow. I diversify between different coins. This is all well calculated. If crypto will grow a lot, in which I believe, I will be the winner. I think most people here are afraid too much. I believe in crypto technology. It will change the world and I want to be part of that. If it will go to zero I will be not sad cause I lost some fiat, but because so beautiful idea failed. Fail of crypto would harm my pride and humanity more than my pocket. + +I want to be rich from crypto in few years. I don't want to keep investing safe and wait 30/40 years, because it is waste of life. If I will lose all invested money then fine, I am prepared for it. I will be like all those other people that never tried. Better try and lose than whole life ask "what if?". Crypto is life time opportunity, last one was internet, but it was before I was even born. No no know what or when will be next one. + +People have small dreams or none at all. Average life, working 9-5 is not for me. I don't want family and boring job. Formal education do not give big opportunities. I still study at university, so I have doors open. I can have good well paid job, but it still will be 9-5, working for someone else success. No thanks, I want have my own company, change word for better, not support rat race. Most people don't want to persue their dreams. All people had dreams as kids, most grow up and settled for reality, but some people still dream. I prefer to dream, invest in crypto and risk. + +I have a lot of hobbies, I love reading and dreaming. I don't want to be part of the crowd. I want to do great things. Maybe it is naive, maybe not. Crypto is my only way for that, I am poor, I see whole my life like people waste their lives. I will change my life thanks to crypto or even without it. I live in europe, so even if I would end homeless I would have free healthcare, free food, free clothes and place in shelter. Even if I would have no money I would be fine. And in worst case I could travel around european union. All of it is better than lack of dreams. I believe thanks to crypto I will be rich, even if not, I will not stop trying. Many successful people failed or went bankrupt a lot of times before they achieved their dreams. What they had in common was that they never gave up. + +Of course it is not any advice, it is risky and probably not for most of people. It is just one of many different ways to look on investing in crypto. +Edit: I'm seeing people tell me it's a non issue or I'm over complicating this because the sec is tallying the comments. As of this edit (6:20pm) there are over 10,000 tallied comments. That makes a great case for "reddit tells people to do X and 10,000 people do. So how many people will buy Y because reddit tells them to?" I can imagine we may see an MSM article sometime regarding this and it will just be another way to pin blame on reddit. However, I am glad the sec is acknowledging the sheer volume of traders with an interest in regulations. Maybe they will do their jobs if there is enough of a spotlight on them. I'm not bashing anyone for commenting, and I'm not saying I'm right at all. This was all just my opinion. Perhaps I've been watching too many conspiracy movies? + +So I haven't been around much today, but I've seen the posts about "voting" to the sec and it seems to me like it was a tactic to gauge just how many people here would blindly follow something without thinking about it first. + +Now they know just how much they can manipulate people so I think everybody needs to be extra vigilant. Look how fast this sub made it to the news articles. Look how quickly RC tweeted a meme from here. There are eyes everywhere and this sub showed it's hand today. + +I'm not bashing anybody here. It's alright to want your voice to be heard. It's alright to want to help a cause and try and make change. It's not alright to just blindly follow along like lemmings though. If you wanna spam someone for change, spam your representatives. + +Everybody should take a deep breath and take the weekend off. Spend time with your families. Play video games. Gta V was just added to xbox gamepass, take out your "where lambo" rage there. Binge watch solar opposites on hulu. We're not here to be some revolution or occupy movement, we're here to make money. If change comes with that, cool. But that's a side dish, not the main meal. We're better than this guys. + +This is the part in the college movie where the freshman is trying to impress the frat guys and the frat guys act all accepting and helpful to the freshman, just to prank him in front of everyone at the big party. Well played shills, but I've seen this movie a hundred times and I know who gets the girl in the end. +I just moved in a new flat and I needed to choose a new electricity provider. I'm sure that, just like anyone else, we've all seen those referral codes for £50 or £25 off your electricity bill floating around social media for the past few months. + +Well... they aren't good! What do I mean? I had a referral for a certain company, let's call it Potato. I clicked on it, and looked up the details of the tariffs I could choose... and wrote down the amount per kWh that they offered me. + +Then, I ran a comparison check on MoneySupermarket... and guess what? The very same company, Potato, popped up, with another tariff (didn't appear on their referral website) which was 3p cheaper *per kWh*... which means that getting £50 off was the cheaper choice only if my electric supply lasted less than 2 months (I have electric heating, so lots of kWh). + +So: referrals look good, but most likely they aren't the cheapest option. Dig deeper, and use comparison websites. +For me and my SO, it was his truck. We sold that, and only drive an SUV. Now we're a one vehicle family. We use Uber or a bike when one of us needs a 2nd mode of transport. + +My FIL cannot seem to understand why in the world we'd do this. He doesn't say too much, but his facial expression says it all. Even made a few comments about "well if you let him get a truck then you could (fill in the blank)". Oh, and asked my SO when they were alone if he and I were hurting for money. SO had to explain, "no we have more money because of this". + +He's not bad with money himself, just took the slow but steady route to retirement. + +(Edit) and we don't take vacations. We get asked about that one too. +I'm very disappointed with the current education situation for my kids who are in grades 6-8. The quarantine has caused them to have zero face-to-face interaction with their teachers and classmates. I have tried hiring personal tutors, but the lack of collaboration between kids makes this type of learning sub-par. I'm looking for an online schooling service that offers a near in-school experience: + +* Live online video conferencing for several hours during the day (Eastern Time Zone). +* Ability to interact with other kids +* Instructors who teach daily lessons in a fun and engaging manner +* Small class sizes so instructors can really involve kids and connect with them + +As this is fatFire, cost is not a factor. If you have your kids in such a program, or know of one, please comment as I feel many fatFire folks would also benefit. If you have tried online-learning for your kids and have positive or negative experiences, I'd appreciate your thoughts. + SO and I (mid/late 50s) are embarking on a second home that will hopefully/likely become our main home in a few years when we finally retire or at least ramp down our work to around 25% of what we do now. + +Here are the numbers: NW is about $16. This house would be something we build and would cost about $4, all-in, realistically. Due to cap gains problems, we might get a HELOC on our existing home (which we'd keep) to pay for some of this since our current cash on hand would only cover maybe 60% of that. + +So part of me looks at it this way: could I be comfortable retiring with $12? I sure think so. At 3%, that's $360/year? That's more than we spend currently. Granted, maintaining a second house will increase our expenses plenty, but I still think that'll cover our nut pretty easily. And if we bump up to 4% for modeling purposes, that should be no problem at all. + +But I'm still nervous. This would be by far our largest expenditure ever. And since it will be moderately high-end real estate, it won't be that liquid. And it won't be worth to the market what we pay to build it, in all likelihood. + +I know that part of this process is just me getting comfortable enjoying some of the wealth we've been lucky enough to accumulate. + +Do my numbers seem out of whack for my situation? Or would most of you consider this a reasonable lifestyle enhancement? +American, 30yo/M expat in HK. Income $500k-$1.5M depending on performance. NW $3M, most of it earned in the last couple of years. + +For someone without any network, how do I go about finding a good tax accountant for personal tax planning? + +None of my friends know about my income or wealth, or are on that level to be able to provide any actionable advice, so I hope reddit could be a useful starting point. I do not need any wealth management services, mainly just looking for tax planning in case I am overlooking any easy advice that could potentially save thousands in taxes. Any advice in how to look for a tax planner much appreciated. +So, my younger brother is going to be applying to colleges this fall and I've been tutoring him on programming for shits and giggles. He's picked it up really quickly and is good with Python and has a solid understanding of Data Structures and Algorithms (does Leetcode problems for fun and stuff lol and we've been through basically all the concepts in CLRS ... he's iffy on the hairier parts of the math but can solve DP problems and stuff and can implement graph searching algos and stuff like that). He really seems to enjoy it. + +I'm wondering what colleges he should be looking at. He's a really smart guy and I'm sure he could get into top computer science schools, but I doubt he'd get any financial aid. I'm going to be paying for his tuition though if it comes to that. On the other hand, based off his SAT scores and GPA, he's going to be getting a full scholarship to our state school (Rutgers). I'm just wondering what I should advise him to do. I only just started my career and I feel that school name is basically useless. What mattered for me was internships and I'm sure he'll be getting internships at top companies come freshman year regardless of what school he goes to (I know some people at top companies who'll recommend him and he's already really good at interview questions). So, I feel going to an expensive school is a complete waste of money and that he should just go to RU. + +For the Software Devs who went to expensive schools and have achieved fatFIRE... do you feel differently? Based off how he's going right now, he's probably going to be making 140k+ (assuming dev salaries stay constant) when he graduates and should be able to recoup the 240k investment within 6-7 years max. Do you feel differently about your education once you were able to recoup the cost? If he goes to a top CS school, his competition will be way better than at RU, and he'll be able to make connections with really smart kids and be pushed much harder. What do you guys think? +Before everyone reminds me why commercial could be a lot better, etc - for what it's worth, I have quite bad claustrophobia which makes flying (sitting on tarmacs, waiting for gates, etc) incredibly difficult. + +Best jet card for Miami/ NYC route? Other suggestions? I have tried JetSuiteX but the plane lacked wifi and was frankly awful. + +I understand this is most likely a 'waste' but for my peace of mind and comfort (with a newborn) I was hoping to find the best jet program to load $250k on and actually get proper use/ time + +Thanks everyone and hope you are all great. +First off, I am actual retard with a terrible trading history, and some form of mental disability. + +TLDR; Mass BB call option buying has forced the big boys to short this like crazy. 🚀🚀🚀 + +I wanted to point out that whats happening this week in BlackBerry is actually quite amazing. Yesterday, you beautiful retards bought and opened tens of thousands of option contracts that expire this Friday at $25 in BB. There was also a mass buying of the $20 contracts. What we are seeing today and saw some yesterday is big boys are coming in and shorting this stock like crazy. These guys sold thousands of contracts to us for this Friday and they HAVE to keep the BB price under $25 or this is GME all over again. + +This is actually the type of setup a large hedge fund might see and say hey if we can push BB over 25 by Friday it will cause so much frenetic buying that the stock might hit 40. + +Likely nothing will come of this, but if you are wondering why your favorite meme play is down today despite good news (BAIDU partnership) and LOTS of new money coming in on the buy side this is why. + +Disclaimer: I am not a financial adviser, and you should always do your own research. I also LIKE THE STOCK. +I understand why this subreddit has vents/rants, sometimes you just have to let things out. + +But, there's been so much defeatism type of posts. From rants/vents to other posts outside them. + +What can we potentially do to make this a more helpful place? I try Googling stuff whenever someone has made a comment. Healthcare, where to get food, help to pay bills, etc. But that can only go so far. + +Maybe more success stories? Maybe more resources that people might not be as aware of, maybe something else? +Good morning, here's my watch list: + +Gap Ups: AKAM, ATVI, DOCU, FRAN, NIO, NUS, NVDA, OSTK, PLUG, SE, SHLL, SHOP, TSLA, WKHS, XP, ZM + +Gap Downs: NKLA + +NASDAQ at all time highs once again. SPY gapping up again after holding the 200 daily moving average which I mentioned would act as support, as long as we stay over the 200 dma then I have bullish sentiment. Market closed tomorrow in observance of Independence Day so I'll see everyone Monday. Good luck trading and have a good weekend. + +\*\*I Don't Add Stocks Under $5 To This list\*\* + I've been making changes to my trading over the last few months and want to share some of what has helped me. I was a swing trend trader for the last few years and obviously had to switch things up this year. I did have experience day trading and now mostly trade small caps and the indexes. In the next bull market, I will of course add my old style too. This year has been a struggle for me in some ways as I've been adapting/learning new things. The past few months have been a lot better. I started all of this on demo and have been slowly sizing up on live trading. + +&#x200B; + +1. I record myself talking through my trades, especially in the first hour. I just do it on my phone, I don't record the screen. I explain what I'm seeing and thinking as if I'm talking to another person. Then I listen back to the recording and look at my trades. Sometimes I listen to the recording while I watch the stock in real time using thinkorswim OnDemand. It's helped me a lot. I have certain trigger words that mean I'm about to make a mistake or see a good trade. I'm learning to make changes right away when those words come out of my mouth. Hearing my actual thought process has been huge. Listening to an hour+ of recordings every day and journaling/analyzing takes a long time but is accelerating my progress. +2. My morning routine is absolutely rigid on days that I trade. I get up at 5 (West Coast, market opens at 6:30). I hate getting up so early and it took a lot of discipline and habit tracker apps and stuff to build the habit. I eat breakfast - that's a really big deal for me, I am a hungry disaster by 9 if I don't eat. I get all the way dressed even though I work from home. I have a premarket journal template that I fill out. It addresses all my goals, everything I'm working on and my mental state. I write down how I feel, what my daily intention is and how I will take action. I get very, very specific. +3. I have a written down playbook for every type of trade I take. How I manage the trades, sizing, signs that I'm wrong, signs that I'm right. Every detail. I reread the playbook in the mornings, that's part of what takes so long. I started with watching a lot of Youtube videos but now have my own names and parameters for my setups. I am always honing my plays and often adding new ones. +4. I have order templates in thinkorswim so I can be fast. When trading small caps, I sometimes make mental errors about taking profits. So I have multiple OCO templates. I have breakeven stop, take profit stop and stop loss templates. Then I just use the Active Trader ladder to put on the stop and also a limit order to take profits on part of my position. I move to breakeven and take profit stops as I go. These took a while to set up and hone but they have been great. It's forcing me to take profits and taking some of the decision out of my hands. It's also much faster. I usually use OCO orders for part of my positions and manage part of it manually. Always with hard stops, especially for shorts. +5. I built my own scanners in Finviz. Now that I day trade small caps, finding the right stocks is critical. There are so many paid scanners out there, I tried a few and tried building my own in thinkorswim. What's working for me is specific screeners in Finviz that update every 10 seconds. I check them premarket and whenever I'm not involved/watching a good trading stock. I scan for Top Gainers between $2 and $20 with high RVOL and a small market cap. I also scan for stocks between $2 and $20 with high RVOL that have moved up 5% from the open. It took me weeks of experimenting to land on these but now I usually see all the stocks that fit my parameters and it is fast to sort through them and get the information I need. I have the scanners up on one of my monitors throughout the day. I also keep a Finviz portfolio of previous runners and have that updating intraday as well. I trade both long and short. +6. I have asked myself so many times why I struggled this year. I finally realized the main reason (outside of this market) - it's my mental capital. I have a daily stop loss... but I make my worst mistakes when I'm mentally tired or upset. Example: the last time I lost control, I had a terrible morning with a bill I had to call AT&T about and someone in my family in a dangerous position. I was furious and kind of scared. I didn't do my morning routine. I traded anyway and I was a disaster. It's been months and I've made changes to protect myself. Every month, I make a note of another month since that day. Kind of a trading version of getting sober and recognizing progress. +7. One of the recent changes I've made is a mental capital daily stop loss. I stop if I hit my daily $ stop loss - but what about using up all my mental capital? I now have written down specific measurements and parameters of what my mental stop loss is and what I have to do if I hit it. It is so hard because I am sometimes walking away from trades where I could have made money and leaving makes me feel weak. But I do about an hour and a half of analysis after I end my trading day. If I work from 5 - 1 (on really active days) and then do my analysis, it's too much. Sometimes I'm too tired to trade the next day. So it's not worth trading past my mental stop. It also makes me get sloppy and brings out the worst in me. I'm still learning how to enforce this but the concept is helping me a lot. I no longer feel guilty about "leaving money on the table" when I'm tired. I have specific tells in how I trade that mean I'm too tired. I have a list of those that I read every day and am learning to identify in real time. + +I'm excited to keep growing as a trader in 2023. I've already made so much progress and I can tell I'm turning a corner - just like I have before in other environments. I hope this helps other people or is interesting to read. +Good morning, here's my watch list: + +Gap Ups: AKAM, ATVI, DOCU, FRAN, NIO, NUS, NVDA, OSTK, PLUG, SE, SHLL, SHOP, TSLA, WKHS, XP, ZM + +Gap Downs: NKLA + +NASDAQ at all time highs once again. SPY gapping up again after holding the 200 daily moving average which I mentioned would act as support, as long as we stay over the 200 dma then I have bullish sentiment. Market closed tomorrow in observance of Independence Day so I'll see everyone Monday. Good luck trading and have a good weekend. + +\*\*I Don't Add Stocks Under $5 To This list\*\* +My net income went from ~$3500/month to $13,500/month and that’s without any overtime. Some of this money is from unused stipends which is untaxed and not counted towards income. I make $70/hr hourly so roughly $10,000/month thats taxed. I will be taking home rounghly $53,000 by the end of this contract come the end of April. I’m not counting on this income to last forever, but I want to make smart investments now that will set me up for the future. + I have $26,000 invested in a 403b through Fidelity over the last 3 years at my old job with that I’m still technically employed at. I put in about $2500 into 403b roth this year. Can I still contribute to my 403b by transferring money from my checking? The only way I know how to contribute is through my paycheck and I haven’t had one there in 2 months. I’d like to max out my Roth contributions, can I make up the difference through a Roth IRA? I can contribute to a 401k through my agency, but they won’t match (3%) until I’ve worked with them roughly 6 months. There is also a chance I could switch agencies for different contracts so I may never have any employer matching. + My level of financial/investing knowledge is limited, but I’ve always been responsible. I didn’t start my career until later in life and I’m trying to play catch up financially. I’m doing my best to learn I just need to know where to start. + As mentioned I just bought a house for 245,000 with 5% down. I have a loan for about $232,000 with a 3.25% interest rate. Part of me really wants to pay off another 15% so I can have the PMI removed (~$40/month), but I realize there may be better places to put my money. + Finally, My fiance (getting married in September) is a teacher and her income is roughly $3,000 per month. She has a pension and a 403b I thought about just having her put most of her check into her retirement funds. +Sorry for the lengthy post and thank you in advance. + +edit: I forgot to mention that portion of my income is stipend money which is untaxed. so If I was to maintain this rate all year it would be $127,000/year. Mind you my rates can fluctuate so I may be making less in 4 months or possibly more depending on the needs. + + +[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 your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [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 + +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. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***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!* +Don't expect big news November 23rd when Ryan Cohen's gag order expires. I know its fun to hype dates but if there's anything Ryan has shown its patience, timing and smart thinking. If and when he decides to talk, it will be deliberate. + +This doesn't mean he won't speak out on the 23rd, I just don't want you all to be disappointed if he doesn't. That man knows what he's doing. Read the DD, buy and hodl, and have a Happy Thanksgiving! + +Edit: I forgot to add you can expect fuckery though + +Edit 2: I am flattered the unpaid interns are worried about my welfare, but I assure you I am fine. +My 87-year old father is about to receive $600K in proceeds from the sale of a house he owns and has tasked me with investing it. While he has lifetime rights to this money, he is financially comfortable and it is unlikely he will ever need to touch it. Instead, he wants the money to be available as a back-up to provide for his 77-year old wife, in the event she required some sort of expensive long-term care AND had exhausted all of her personal resources. After that, it would be left to my sister and me. Bottom line, it’s highly probable this money never gets touched or, if it does, it could be years down the road, so I feel like we need to invest for growth. My father isn’t going to want to take undue risk, so is something like VOO with dividend reinvestment the answer? Should we DCA over some period of time? TIA. +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. +Not trying to troll here; I would like to RE myself and hope to do so in about five years. But I was thinking about how good the economy has been to some of us in the past decade and whether we are being overly optimistic. Yes, the 4% rule is due to historic averages, but we (in the u.s. and elsewhere) also have very high deficits, and there are murmurs of stagflation on the horizon. Stagflation seems exactly to be the enemy of FI/RE. And so I am wondering whether FI/RE, while a viable approach, has been getting way more press lately because of the bubble. In practice what I think this means is that we maybe should invest in certain inflation-resistant asset classes (real estate with fixed-rate loans) or be more conservative and live by, e.g., a 3% rule. + +Not saying FI/RE can't be done, but curious what others think about recent economy vs. historical trends vs. future trends. +Generally the news is reporting that of the major banks, Chase, Bank of America, and Citi didn't do that well on the stress test -- they all passed, but: + +>Relative to our prior estimates, the new Stress Capital Buffers suggest that BAC, Citi and JPM will need to keep dividends flat, eliminate buybacks and cut (CNBC). + +On the other hand, it was reported that Wells did better. The metric they were using is "stress capital buffer". + +Where can I go find a ranked list of the actual scores? Here's the [Federal Reserve report](https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf) but I didn't see a section called "Stress Capital Ratio". Is there anything in that PDF that can help me rank the 4 mentioned banks in terms of ability to withstand financial stress? +I’ve been looking for cheap stock and found Stellantis recently that I think fits the mold. Pros are: + +- They have several brands under management including american brands Dodge, Chrysler, Jeep and Ram. +- Discounted compared to peers with a P/E of ~3.25, market cap of 45.7 billion with 1/3 of that being their net cash position, and cash flows of 18 billion annually. +- Transitioning to EVs and realizing great synergies from a recent merger. + +Cons are: +- Paying a heavy dividend of over 7%. I’d rather see them reinvest or buy back shares. +- Based in Europe. Adds complexity to taxes. The company handles revenue in Euros and is more exposed to the russian-ukraine situation than non-european manufacturers. +- If oil stays high for years (something I’m hoping for with other positions) their truck and SUV sales will suffer. + +Thoughts on STLA? +Hey guys, + +Throwaway, for obvious reasons. I'm a regular in /r/pf, /r/bitcoin and /r/bitcoinmarkets but I chose to make this account because my girlfriend is a redditor too and I don't want to get any backlash by posting this on my main account. + +For that reason I need to obfuscate some details of my story but I think you guys will understand. I'm in a pretty bad situation and I need some advice on how to proceed. + +A few years ago I became in charge of my family's finances. One of my parents passed much earlier than expected. My remaining parent didn't understand anything about finance or investing so I naturally stepped in to take over things and try to plan something for our family so that we could be financially secure for at least 10 or 15 years, enough time for me to get to a position in my career where I could take care of everyone with my own income stream. + +I started learning about trading, first with Forex. I was trading EURUSD and USDJPY primarily just with small amounts at first. Spent a lot of time on babypips.com learning technical analysis and how to extract as much value as possible from chart patterns. When I started I just used small amounts of money. My initial bankroll was $500. I ended up using too much leverage and blowing through my whole account because of some poorly time trades. Yes I know I should have used some common sense and not taken gigantic risks but I was just learning at the time. I worked at it a bit and started getting profitable. I would usually do my work late at night watching charts and drinking espressos, and there were several times that I took positions that netted me large profits so I'm confident that I've learned from my early mistakes. + +Then about a year and a half ago I started hearing about bitcoin, and how it was getting more valuable. I started reading about the blockchain, and this technology that is going to revolutionize the way the world thinks about money. I was excited about it, truly. I knew in my heart that this was going to be gigantic. So I took a leap. I took about half of all the cash I had in my checking account and deposited it at Mt.Gox. I didn't use any of the inheritance money, just my own from my part time job while I was a college student. + +Yeah. I know. Terrible idea in hindsight. I never got the money out before the whole thing collapsed. I wish I hadn't done it, but at the same time it wasn't a great deal of money to learn a lesson. That we can't just trust individual exchanges. + +Anyway, I learned a lot during that experience. I spent a lot of time analyzing charts. I learned how to use MACD and RSI indicators. I started getting good at being able to time things and on paper (of course) I was making very good profits. It's a shame that I didn't cash out before the whole thing went to shit because I probably would have enough money to last atleast a few years. + +Anyway, after Gox, I became really depressed but I still believed in bitcoin. I still thought it was going to be around for a very long time so I started looking for some more honest exchanges. I knew that what happened to me was just an unfortunate event that was unlikely to happen again. After all, Gox was being run by a pretty shady group. + +After I picked myself back up, I decided to deposit some of the inheritance money in some legitimate exchanges. In total we had about $300k after medical bills and other issues from the settlement of the estate. It was sitting in a checking account until about April of this year. I decided to put in $50k into two exchanges to diversify my risk exposure. Half I put into bitfinex and the other half I put into bitstamp. I spent 7 to 10 hours a day trading. + +The problem is that I've been taking mostly long positions. Every time the price drops 30 to 40 dollars I have been telling myself **this is it** -- **this is the bottom** and will take a position to make up for previous losses. + +I cannot understand why this is happening. I made some serious money several times but for the past 6 months or so I have taken huge losses. After the initial 50k I deposited another 50k, and then after losing much of that, and determining (wrongly, I might add, but I don't think my analysis was wrong) that we were definitely at the bottom, I went on to deposit another 125k. So far I am down a lot. My average cost per bitcoin is around $623. + +The losses just keep compounding. I don't know what to do. I'm getting incredibly desperate and sallow. I don't know how I'm going to explain this to my family. They know very little about bitcoin, but I have mentioned it on occasion and how I'm an enthusiast. I've even sent my sister and cousins some bitcoin to get them started. But now I'm worried that maybe this isn't going to work out. Every day I get out of bed and dread looking at the price of bitcoin. Because I know its going to translate into losses on the positions I've taken. I have tried really hard to avoid looking at the price but at this point I cannot take it any more. + +I'm just looking for a reason, any reason, to believe that things are going to get better. So far I've lost a lot of the estate money and I'll do anything to get it back. But I'm getting to the point where I feel like I might need to get to grips with reality and just cut my losses, admit to my family what I did and try to make it up to them. + +So I ask of you, please convince me one way or another (with some solid reasoning) to either sell all the coins I have on margin right now or just hold fast and weather this storm. + +Thanks +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/). +I'm researching funds, ETFs, and equities for my first investments and it's beginning to dawn on me... how is Vanguard that cheap? I have a finance guy for my IRA and he primarily deals with Oppenheimer funds. However, it seems to me those (and other funds) are drastically more expensive options, both in terms of load fees and expense ratios. + +How is it that Vanguard has no front or back end loads? No 12b-1 fees? Expense ratios over 80% less than the average? I understand their brokerage service is more expensive for lower-balance accounts and they won't offer you investment guidance unless you reach one of the higher tiers, but still, I don't quite understand... Is there a catch I'm missing? +In my last post I highlighted that Interactive Brokers is exiting membership of the MBS division of the FICC. [https://www.reddit.com/r/Superstonk/comments/n5ttd2/interactive\_brokers\_intb\_to\_retire\_from/](https://www.reddit.com/r/Superstonk/comments/n5ttd2/interactive_brokers_intb_to_retire_from/) + +It seems today the Fed is removing a special account from DTCC membership. From previous research I believe this is because of the new rules we've seen being put into place wherein the MEMBERS of the DTCC are the first parties to pay for any default of other members before the DTCC will start paying for itself. + +I believe members are trying to exit stage left before the DTCC can foot them with astronomical bills - anyone who does not need to be there for their business to function should all start departing. We can watch over the next few weeks. + +If anyone knows what the purpose (unlikely to be public information) of this special account is, please enlighten us all. + +[https://www.dtcc.com/-/media/Files/pdf/2021/5/6/15136-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/5/6/15136-21.pdf) + +https://preview.redd.it/w987drz7ejx61.png?width=772&format=png&auto=webp&s=a65a5e53ff2e6212fbaa63c09acc6f474cfc9abc +I wanted to know if bigger pockets membership is worth it. I am new to real estate investing and wanted to educate myself from the ground up. Not sure if its worth the 200 bucks a year or not ? any info or advice would be greatly appreciated +I bought my first rental property in 2019 and knew I got a really good deal. I haven't put much money into it, it's yielded pretty good cash flow, but now the neighborhood is getting stupid hot and I think I can sell for about 45% more than I paid for it and I'm very tempted to sell and roll the money into more properties (understanding that I may have to wait to do that). + +So, seasoned vets, what signals do you look for to decide when to sell? +So we all know federally short term capital gains is taxed the same as income. From what I can tell, most states have the same policy. + +I live in Massachusetts, which taxes at a flat 5.2%, not great but not terrible. Long term capital gains are at the same rate. However, short term capital gains is a stroke inducing 12%. Meaning if you flip a single property, you’re paying as high a rate as the top bracket in California. + +I currently do around 3 flips a year netting around $20K per flip. I’m hoping in the next year to double it. With the new tax law, I’ll be at a point where I can’t even take the SALT deduction past my 4th flip of the year. + +Are there any other states that do capital gains the dumb dumb way like this? So far I haven’t been able to find one. + +Also-any tips on working around this? I’m considering doing an owner occupied in Rhode Island, with a lower tax rate, but to get to where I’m flipping from there I’d need a car, which at least for right now wouldn’t be worth it. +Experienced contractor / developer with several total renovations under my belt. Have always selected houses that are no longer habitable and brought them back to their glory - usually historic and architecturally interesting projects - it feels good to bring back their former glory. + +Working on a new project in a region without opportunities like this (moving for personal / family reasons). Project built in the 70s, hasn't been updated much since then, horrible condition, mold, pests, leaks, you name it. In need of total rehab - honestly heartbreaking to know that people are living in these conditions. + +The building is occupied by several tenants, all month to month, paying way below market value because of the condition of the property. No crime problems in the region, just older people living in squalor for years in a terribly maintained property. + +Plan is to kick everyone out, gut the place, and put the units back on the rental market as STRs or LTRs at twice the value. The project doesn't work with the bank if those values aren't met. + +I have a lot of internal conflict with this process - I have never had to displace anyone - I've always renovated abandoned properties so this is a first, but there simply aren't projects like that in this new region. On one hand I am increasing the value of the neighborhood, reducing potential for health and environmental hazards (mold, disease, electrical fire etc.) The building is long overdue for renovation. On the other hand, this is textbook gentrification and I hate it for that reason - I don't want to move people out of somewhere they've lived for years, even if it is a detriment to their health and well being. + +Anyone else gone through this experience and have any feelings about it one way or another? Its a fairly rural area so I know this is a much more accelerated topic in larger cities (NYC etc.). Also I've already heard the "If you don't do it, someone else will" argument - I'm not looking for platitudes but meaningful ethics content here. +Heya Fellow RE-Investors, + +Cutting to the chase I have a problem (haha). I recently bought an older apartment building that uses steam radiators and the whole shebang. The entire building has 1 thermostat to control the temperature for the whole building. It's on the second floor and currently rented out to a tenant. + +Is there a way to secure it and remotely access this thermostat? I was thinking something like a Nest home system? And then you lock the thermostat in one of those clear white boxes? + +Also what is the recommended way to some how "control" the heat that a steam radiator gives off? My back's against the wall on this one any help would be appreciated. + +Thanks, +Hi all! I’ve spent about 14 months consistently reading, learning and doing mock deals. While I know I have a lot to learn, I feel as though I’m at the point where I have enough to make an informed decision and get into a deal, though something is preventing me from doing so. I don’t want to go on about myself as I think this is a great opportunity for some of the more inexperienced investors to learn from some from more established professionals, so I’ll get right to it. + +For those investors on this sub who have at least 3 doors under their belt, what was the final kick in the you know what that got you to pull the trigger and get into your first deal? If you’d also like to share any difficulties experiences or lessons learned throughout the entire process I’m sure everybody would be excited to hear! + +Looking forward to your responses! + +Edit: Typo + + +[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!* +So while I do not work in the financial industry it interests me. I constantly see stats about you guys working far above the normal 40 hours a week often into the 100+ realm. My question is what do you do with all those working hours? Are you really more productive working that much than if you worked somewhere in the realm of 70 or so? I know many of you live in large cities like NYC, Chicago, maybe Boston? So are you factoring drive times, which can be atrocious, into the “working” hours calculation? + +Explain the life to me guys, I’d like to hear how you guys live like? Also…. If you work that much when the hell do you spend all that money you supposedly make? + +Hello everyone! + +So long story short, I quit my job to be a stay at home mom. While working I was putting 10% of my paychecks into my 401K. Now that I'm not working obviously there's no money going into the account. I must have put at least $1000 into the account during the time I was working. I've been thinking about taking the money and depositing it into my husband's 401K since he makes all the money now. I've also been thinking about taking the money and investing it but I just don't know where to begin! + +Any help on what to do with the money is greatly appreciated! Thank you! + + +Edit: Thank you everyone for all the responses! I appreciate everyone taking time out of their day to help me! + +One of the reasons I'm aiming for a lower SWR (2%) is making sure my children's financial future will be good enough, and to facilitate them getting FIREd, too. Yet I fear making too many sacrifices in vain. I know about 30 very wealthy people and not a single one of them can trace his wealth from his great-grandfather. Is this really financial irresponsibility in the majority of the cases, like TMND makes it look like? + +I'm always impressed when I remember that my great-grandfather was very rich, but lost everything (including wealth, children and his life!) on second world war, and how my grandparents didn't have the easiest of times. Doesn't this happen everywhere all the time, every hundred years or so? Am I over-generalizing my family's history in saying that black swans dominate how wealth is passed on? + +If so, isn't it a better strategy for those seeking FI for himself and his family forever to have a bigger SWR (4-5%) and big chunk of wealth (you can call it black swan's stash), just laying around in things that can withstand big crises, like gold, a piece of art or (maybe!) cryptocurrencies, so that whoever faces a crisis can get things back on track with ease? + +Thanks! +My husband and I have been very fortunate to earn a solid income in a low cost-of-income region, and we are both more than happy to live frugally and save/invest 70% of our paychecks. At just shy of 40yo, we have 25 times our yearly expenses saved. We are ready to FIRE. +. +But we are very uncomfortable about it. We never discuss income/investing/NW/FIRE in any concrete way with others. We are both afraid that this will be a social barrier. Most of our friends make a bit less and spend a bit more (but neither category exorbitantly far from our own values), and they are nowhere close to this position. Case in point: recently a sibling (and spouse) of someone we knew (both government employees with no kids) retired at age 50 and settled into taking classes in their dream field and pursuing hobbies; one of our friends rolled her eyes and said very judgingly "Imagine that! Must be nice. Maybe we can retire when we are 70." We both feel like we will be ostracized or at least that our friends will feel uncomfortable and like they no longer have anything in common with us. We also have one family member who is chronically short on money and would think it obvious that we should share ours if we have so much that we can retire. + + +We have even considered starting a very small company (consulting in computer programming) so that we can say that we are "excited and nervous to step away from our regular paychecks to try this adventure". Other people would assume that we were still working our asses off and hoping to be able to pay the bills, while in reality we would take on only the projects that seem genuinely fun and only spend ~10 hrs per week on the work. Basically, we would have a fake job just to save face and seem more financially "normal". + + +How do others deal with the other-ness that you face when following a path as outside-the-norm of FIRE? +Hi guys, it was almost the same than last week. + +Around 4,000,000 USD in weekly trades. + +This is only measured using LocalBitcoin as they publish they weekly date, since months ago Binance opened P2P trade with Bolivares, I suspect a lot of people are moving to Binance. + +There are other exchanges like AirTM and UPHOLD and even some local ones (with maybe the goverment behind) like Amberescoin and Cryptia. + +A big part of the population that work for the goverment have a wage of between 1 and maybe 10 monthly minimum wages, yes, that is true. They need to do something else to survive. + +I think average wage is like 10-15 USD weekly, which is much better but still not enough. A family needs at least 300USD monthly to "live". + +On a personal note, I got COVID, I did think it was just a flu but days ago I lost my taste and smell. Here there is no easy way of getting PCR test and there is not nationwide vaccine plan, goverment says "f\*ck you, save yourself you are in our own". I'm resting and I hope I didn't infect people close (like my parents :(). + +I spend around 40 USD purchasing some medicines (vitamins, acetaminophen and so on) and just to treat it like a flu. MOONS have helped me a lot, even with these expenses (I have to cash out the ones I have soon :() + + One monthly minimum wage (1 USD) is around: + +* 1800 satoshis +* 17 MOONS +* 1.8 XRP +* 19 DOGE +* 0.2 NANO + +Disclaimer: Even when MOONS are nice and have helped me a lot, I don't post these updates for that (Moon-farming) I have been doing that for years a long time ago before MOONS where a thing. + +Sources (PLEASE check them!!!): + +[https://www.usefultulips.org/combined\_VES\_Page.html](https://www.usefultulips.org/combined_VES_Page.html) + +[https://www.caracaschronicles.com/](https://www.caracaschronicles.com/) + +[https://coin.dance/volume/localbitcoins/VES/BTC](https://coin.dance/volume/localbitcoins/VES/BTC) + +[https://localbitcoins.com/buy-bitcoins-online/ves/](https://localbitcoins.com/buy-bitcoins-online/ves/) + +[https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H](https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H) + +[https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/](https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/) +Walmart delivery messed up and gave me extra goodies today that I didn't order but hey im not complaining and I will take it and save it for rainy day + +They gave me some good stuff. This is not everything but some of it + +They gave two boxes of frozen toast and bread sticks + +a bunch of boxes of chips. chex mix, pringles, doritos variety pack + +oreos + +boxes of oatmeal + +frozen bag of okra + +two bags of frozen shrimp + +two big boxes of poptarts + +a laundry detergent + +spinach & herb bread spread + +red diamond tea bags + +3 different boxes of little Debbie cookies + + +Its crazy they can mess up like this. Again im not complaining at all. And tried to reach back out to walmart actually. but they said I can keep the items. I just thought the workers would be more careful with messing up orders like this when everyones is dealing with inflation. + +Anyone else have similar experience ? +I have received my letter from Craig Wright's legal team, you can see all four pages here: + +[https://twitter.com/PeterMcCormack/status/1116733748794540033](https://twitter.com/PeterMcCormack/status/1116733748794540033) + +It is pretty much the same as the other letters they have issued. I think it is important and within the public interest to see how they are bullying people for challenging Craig Wright's claims to be Satoshi Nakamoto. + +By claiming to be Satoshi and pushing a fake version of Bitcoin, I believe this is a fraud and people will be led into investing into the shittest of shitcoins. + +Fuck Craig Wright, long live Bitcoin! + + +EDIT: I take the letter very seriously and have issued my formal response: [https://twitter.com/PeterMcCormack/status/1117448742892986368](https://twitter.com/PeterMcCormack/status/1117448742892986368). +I got an ad in the mail for a "pre-selected" Capital One Quicksilver card which offers 1.5% cash back on all purchases, plus a $200 sign on bonus if I spend $500 in 3 months. No annual fee. Also a 0% APR until July 2022. + +We pay our credit cards in full every month, have great credit, and don't have any large credit purchases in our future (such as mortgage or car loan). We also already have a credit card that gives 1.5% back on all purchases. + +We don't need this card. But is this just an easy way to get a "free" $200, or are there any catches or hidden pitfalls that wouldn't make it worth it? +There a lot of talk about Reddit severely restricting or eliminating NSFW content after they IPO to satisfy skittish investors and the religious right. We all know what happened after once mighty Tumblr banned adult content - their user base evaporated by almost 50% practically overnight and they are no longer a household name. Even bringing back limited amounts of adult content didn’t help them. + +If Reddit pulls the same stunt, how long so you think that it will take their stock to tumble and what way would be the best way to capitalize on it? + +Reddit was invented by young libertarian types but has slowly acquiesced to demands of the government and special interest groups. There is a long line of failed social media sires before Reddit came on the scene and Reddit’s technology could be easily replicated. + +I only see corporate board types and shareholders destroying the formula that makes Reddit special. + +Thoughts? +Governments have always known exactly what they are doing by the early reclassification of Cryptocurrencies to nothing but Cryptoassets. + +A move to protect idea that in Bitcoin should be anyway considered a rival to the Dollar, Euro, Pound etc and disadvantage it with taxation. + +No matter what side of a fork you sit on I'm sure everyone would agree, Satoshi's end game was not to create a digital asset... it was to create a p2p electronic cash system. + +Can never forget or stop fighting for that cause. +Like the title says, and in response to many posts I see here telling people to prepare for such a dip, or the others that gain appropriate Notoriety saying they held through the last dip, it’s not applicable nowadays. [Apple and oranges](https://i.pinimg.com/originals/1d/07/80/1d0780af11c64e18c8c6d2fa52f4e995.jpg). + +Retail and Industry are now heavily involved in cryptocurrency‘s, it went mainstream last year, The richest man in the world openly share the fact they HODL. I helped my mother set her account up last month! This is not the same space anymore. + +I’m not trying to spread hopium, just want us all to know the times they are a changing! +This is a serious question. I'll give a little bit of back story. + +I'm 23, live in Northern Ireland and I hold a UK, Irish and Australian passport. + +Recently I've succumb to serious mental health issues. I've about £12k in credit card debt and another £10k in loans. + +I'm a part-time student in Open University doing a degree in Computer Science. + +I spent two years working full-time in a bank earning about £20k a year. I had to leave because I was no longer able to keep full-time employment + +I spent some time doing contracting work for another bank for the same wage for about 2 months. Contract was terminated because I started missing work due to mental health. + +Spent a few months unemployed while racking up credit card debt. + +Landed myself another contractor job doing KYC for another bank earning about £40k a year. That lasted a month until again, I was succumb to mental health issues and started missing work. + +I'm probably going to check myself into a mental health hospital soon before I attempt suicide. + +I need time to focus on myself since it's evident I can't hold down a job, no matter how much I earn. I have £200 to my name. My debts are costing my £350 a month roughly and I'm moving back into my parents. I'll have outstanding bills of around £400-500 (thanks BT. Terminated contract mid way through). + +So, what are the long-term repercussions of just ignoring my debts and bills? I won't be able to pay them any time soon. At all. I have no other income. +Hey All, + +&#x200B; + +I'm recently going through the process of buying a 4 bedroom house ( with a loft conversion) - the surveyor has been round and has noticed that the loft conversion will not meet regulation due to the fact that the height of the room from the top step is only 1.5m + +I'll be asking the sellers for a building regulations certificate but I suspect they won't have it. + +I'm now concerned that this room can't formally be classed as a 4th bedroom due to the lack of building regulation certificate and don't want to be paying over the odds for what is essentially a 3 bedroom house (with 1 room of "storage") + +The property was built in the 1930's + +Not quite sure what to do next - has anyone had experience of this before? + +Thanks +Someone needed to say this. + +There is tons of DD on APHA and TLRY running around reddit, and I trust that you can find it yourselves. There are also ample signs from US politics regarding the upcoming and probable legalization of cannabis. In my opinion, there are some extremely smart ways to invest in the cannabis sector that is projected to grow over the next months/years. + +That being said, I am incredibly frustrated that these companies are now seen as pump and dump schemes. I have held positions in both APHA and TLRY for over a month, and I plan on continuing to hold them long-term because I believe in their fundamentals as a company and the expansion of marijuana legalization. PLEASE could everyone stop saying things like "weed is dead" and "I just YOLO'd on weed and sold at the top before it crashed to get my sweet gainz." + +For any seasoned investor, cannabis is a good long-term play right now, and all these meme stock/hypers are giving it a bad name. Leave it alone! Personally, if I were down on these stocks, I would absolutely hold onto them because they have solid potential. + +These are not short squeeze/hype/meme stocks. Please stop looking at them as such. + +Edit for clarification: People seem to think that I’m bragging? about holding for over a month. I’m not. I only brought up that I entered into a position over a month ago to say that I bought shares based on the company-I didn’t buy shares within the last couple of days because Reddit was hyping it. Congratulations to everyone who has been holding this stock for much longer than I have! + +Edit #2: thank you so much for the awards!!! I’m happy this post resonated with other folks! Also-reading some of the comments has shown me how insanely hateful and stupid so many people on here are. I mean I always knew, but still...even for the internet...it’s fairly shocking haha +Who has the brand names wins the war, this war is enormous, and OMI will win. + +NFT frontier is the biggest since Defi. + +Keep investing in shit coins that’ll go to zero once people realize that made of characters aren’t cool to collect. Kids want brands they know. Adults spend money on brands they know. + +ECOMI has Alfred Kahn leading the way. He brought Pokémon to the USA. OMI could be the next Pokémon. Alfred is the best brand licensor in the world and he is on the ECOMI team. + +Just wait till NFL players are stoked about their NFT and are tweeting about it. Kids posting pics of posing in their backyard with Tom Brady. + +Everyone loves some type of mainstream superhero or cartoon. ECOMI has signed 100+ of the biggest brands in the world including DC Comics, Warner Brothers, THE NFL, Monster Jam, Jurassic Part, Cartoon Network, etc. They will inevitably have most of the biggest brands in the world while other NFT projects are rolling out new stories about the origins of Bitcoin or tales of them fighting off dragons with glowing green goop. Mainstream doesn’t want that shit. I can’t believe crypto people even buy into that. + +OMI will go to a billion plus. It’s around 60-70m right now and about to hit exchanges in next week or two while marketing ramps up (now). + +Stop buying shitcoins guys!!! Invest in real stuff. +Again, here for the past 86 years and I still don’t understand the title. How exactly do we know this will be the case and not also tank GME and never let it go up? Is GME the only stock that will do this? Or what other stocks will have the economic inverse? And when will Mayo Griffin go to jail and not collet $200? +So Flight Center is choosing to alienate all future customers by screwing them over the cancellation fee that they are charging. + +I'm not going to waste time arguing about whether they should be charging this, but interested in opinion on my options: + +Spent $4600 on 4 tickets to Europe return on Cathay. + +Is there a chance Flight Center will go under and I lose all my $$ as an unsecured creditor if I accept a store credit? Should I cop the cancellation fee, or Cathay credit instead? + +How bad can it get for the largest travel agent in Aus? + +PS Flight Center are a bunch of fuckers and can get fucked. + Today, NAB announced it will continue to hold its Standard Variable Rate for home loan customers at 5.24% for now. + +We’ve made this decision for our customers. We know they have choice, and we don’t take it for granted. + +We want to reward our loyal customers for longer. + +We also want to thank you for your continuing support in recommending customers to bank with NAB. We also don’t take this for granted. + +Of course, NAB will continue to review its rates as it always has done, including monitoring wholesale funding costs. + +For now, we are providing clarity to our customers – and to you – that we will hold our Standard Variable Rate at 5.24% at this time. + +For more information about this decision, please visit [news.nab.com.au](http://click.e.nabbroker.com.au/?qs=64ba2f359c14271683f1717ace32f4f031d45d9185f45703efdc39de5f640c63f10649f2b61db0d2212b7700b345a643cf7a69a1cf883b8a). +Tune in: April 7, 2021 @ 9:00 (10AM Eastern) + +https://www.businessofcannabis.ca/2021/04/06/how-high-tide-is-thinking-about-growth-in-canada-and-beyond/ + +> BofC Live, we connect Raj Grover, CEO of High Tide. High Tide is one of the largest cannabis retailers in Canada, with 80 stores currently in operation and an aggressive growth strategy in the works. We wanted to connect with Grover to talk about this company, recent acquisitions, growth strategy and possible expansion into the United States. + +However, good news for HITIF means stock dropping so be prepared. +Too many comment are saying that my monney is destroyed in the aftermarket. I am still confident and won't sell at loose. + +The worst scenario happened , this news is a nuclear bomb, and we still at 12$. + +We have been hit by 2 hydrogen bombs but we are still at 12$. + +It is impossible to generate any other bad news for this stock because hedgies played every little trick. + +i am not here because of cohen, but because it is the most shorted stock 63% now. + +Cohen sold arround 10m shares + +Cramer and hedgies should buy back 33 M shares. + +The war is not over until retailers decide to sell under 5$. +I am on this war until delisting. You can call me "degenerated iron balls" + +Be aware of all the bullshit media and apps who manipulated this crash : +Cohen,Cramer,Cnbc,Seekningalpha,marketwatch,benzinga,dowjones, and others. + +Edit : GME is now down -10% in the aftermarket, even big institutions lost confidence and cannot bet on RC stocks. So the best way to take revenge on cohen , is shorting RC both companies . What do you think guys? +I was recently on holiday in Switzerland, having hiked up a mountain where I twisted my ankle. I was in two minds whether or not to contact air ambulance to take me down, or whether I should push through the pain. + +I phoned the air ambulance, and the lady on the phone assured me that I would not be charged, and that I should not risk descending by foot. + +After the rescue, the air ambulance staff took my ID and credit card details an told me that I WILL be charged around £2000. + +Some weeks later I receive a letter in the post requesting £3059. + +Obviously I would have never taken the rescue if the lady on the phone hadn't told it me it was free, so I feel very upset to have to pay over 3k. + +What power do they have to recover this money? +We're all hyped for the 17th, there's just so much good stuff all coming to a point this year. But how about this time around we do a better job at being cool cucumbers and pregame the event by thinking through the bear case. For example: + +* It could have been a weak holiday season for them. In my friend circle for example, people just don't think of going to GameStop for anything besides video games. GME still hasn't even started PR for the digital turnaround. + +* They could have continued to spend a ton of money front loading staff and tech, lowering profits. + +* The DRS number might only be something like 7 million. We could be way off base in our estimates. + +* The DRS number might not be there at all! + +* There could be no news of any kind, it might just be a completely boring 5 minute, zero Q&A earnings report that we've seen since the days of Sherman. + +This is how I'm mentally going in this time. At best I'll be pleasantly surprised and at worst it'll be back to business as usual (buy hold and direct register). After all, even if all the things above were true, don't you still like the stock? +Hey everyone, + +*This is not financial advice, I'm just a retarded ape who is once again letting his bananas go bad due to improperly timing the intervals between which I eat them.* + +It's the Ryan Cohen tweet guy except all us T+21 folks are now looking for alternative theories. I 100% agree that buy/hodl shares is indeed the move at the moment, given that it has proven very difficult to predict and especially explain price movements. + +# tl;dr + +Similarity in price movements between the march and may spikes, despite different timing of 3.5/5 million share offerings, demonstrate that 5 million shares is a drop in the water and the price is instead influenced by some other mechanism such as FTDs, quarterly option expirations, capital requirements, etc. + +# ta;dr + +banana value look the same in march and may + +Gamestop selling 5 million banana seem to make no difference + +5 million banana almost nothing compared to total banana existing + +\--------------- + +To avoid too much speculation in a time of uncertain price movements, I've also decided to focus on some objective points of data we have, particularly: + +# The effect of Gamestop selling 3.5 million and 5 million shares. + +This post is speculative but I encourage everyone to make their own conclusions here and please post them below! + +&#x200B; + +**Here is exhibit A, the timing of the announcement and completion of both share offerings**. + +[Please excuse my somewhat stupid ass graph.](https://preview.redd.it/3x8rj6uqmx971.png?width=1633&format=png&auto=webp&s=f03ad65afd1832926a7c1ead3bc028adf027eef0) + +It should be noted that the first share offering announcement was not really an announcement per se, but rather a modification of a previous shareholder offering that allowed them to issue 3.5 million shares for a new maximum of $1B (it was lower before). + +Anyways, the interval between those two lines show the price movement of the 3.5 million share offering. At the time, it seemed that the movement was due to the selling of shares: a steady decrease that seemed limitless. + +# Taking a look at the second share offering: + +It is evident that Gamestop now capitalizes on the peak of the rise, selling shares during a fast drop and announcing completion soon after. + +However, unlike the previous offering, the price steadily continues to fall after the completion, in a similar manner to the price movement *during the first offering*. + +&#x200B; + +In fact, others have noted how similar the price movement is in the march to may runups; + +[Credit to https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ofriao\/june\_july\_behavioral\_trends\_continue\_to\_mirror](https://preview.redd.it/1e98pysqox971.png?width=726&format=png&auto=webp&s=4ab614b303a3bfa12ff4fbb003a5a1c4ad844f64) + +&#x200B; + +It would appear that these price movements may be *slightly* *influenced* by the selling of 3.5/5 million shares, but the **main driver** for the price is some FTD/capital requirement/option expiration related mechanic. Or algorithms. I leave this to u/Criand and u/dentisttft. But in other words, + +# 5 million shares is a drop in the water compared to the true float. + +The selling of 5 million shares, which conservatively estimated is about 12.5% of the float assuming 40 million (is this the proper way to do this or should I just include institutions/insiders?) in any normal company would cause a catastrophic dip. + +In GME, it doesn't even seem to make a difference in price movements. + +&#x200B; + +For the TA Apes, here's the timeline with some favorite indicators + +[\(Idk why I minimized OBV but as apes all know that shit just stayin high\)](https://preview.redd.it/tna7gevmpx971.png?width=1621&format=png&auto=webp&s=74593a783f4b0f32a57d95cffb63ca44b952a685) + +As always, please comment with concerns, discussions, criticisms, I'm open to them. + +&#x200B; + +*Not Financial Advice* + +\~ + +^((Cohen's next tweet gonna be 3 more words and an emoji?)) +Hello all, + +My mom has worked at merck for 31 years and is heading into retirement time at the age of 68. She plans on retiring within the next year and will have roughly 13400 shares of stock at 0 cost basis through company bonuses and gifts. I have mulled over the idea with her about selling weekly calls 2-3 dollars OTM or selling monthly calls 5% OTM to utilize the sheer large quantity of underlying stock she owns to her advantage. She is diversified with her 401k, pension and individual account as well so diversification is not an issue with her other assets. What type of strategy would anybody recommend to her here? My only fear is the creation of a taxable event if she were assigned with her cost basis being zero. Rolling out the calls could obviously negate that and merck doesnt tend to move very much (IV being fairly low). + +Any sophisticated strategies that sound better than any other ones I have pitched here that I am overlooking? +For those that don’t know, Tesla did a similar dividend stock split in 2020 and they’re doing it again August 2022 (if shareholders vote yes again). It’s REALLY hard to find out info on this as it seems to be very hush hush from the media (for obvious reasons). I do know that their split happened in August 2020, and I do know that the next one will be voted on in August 2022. It was just announced a few days ago (late March). The missing component I can’t find is WHEN the 8k was filed in 2020 regarding the vote that was going to happen in August 2020, BUT if we assume it was also in late March like this one, here are some numbers we may be looking at. In late March, 2020, Tesla was trading at around $100. By the time the vote came around 5 months later, it was trading around $290. Some shorts prob closed in fear the vote would pass (speculation here). That’s when the vote happened and was approved. Shareholders needed to own Tesla by Aug 21 in order to receive the dividend and it hit $410. 10 days later when the dividend was actually received, the stock hit $442. So, hypothetically, and this is just based on percentages, GME was trading at $165 or so the day the 8k hit (yesterday). If it runs 290% by the vote on June 2, that would put the price at $478. Between that time and when the stock needs to be owned, that would put the price at $677 and if it runs the same percentage again, that would put the price at $729 when the dividend is received. Now, these numbers are just for fun, BUT, I think it’s important that apes know this is not just a stock split, and this is not just a dividend. This is a combo, and it’s MUCH bigger and much more painful to shorts. +Bitcointalk discussion: https://bitcointalk.org/index.php?topic=333824.msg3581480#msg3581480 + +Hearn posted the following message to the legal section of the members-only foundation forum: https://bitcoinfoundation.org/forum/index.php?/topic/505-coin-tracking/ If you're not a member, you don't have access. I obtained this with the help of a foundation member who asked to remain private. + +He's promoted blacklists before, but Hearn is now a Bitcoin Foundation insider and as Chair of the Foundations Law & Policy committee he is pushing the Foundation to adopt policies approving the idea of blacklisting coins. I also find it darkly amusing that he's now decided to call the idea "redlists", perhaps he has learned a thing or two about PR in the past few months. + +All Bitcoin investors need to make it loud and clear that attacking the decentralization and fungibility of our coins is unacceptable. We need to demand that Hearn disclose any and all involvement with the Coin Validation startup. We need to demand that the Foundation make a clear statement that they do not and will not support blacklists. We need to demand that the Foundation support and will continue to support technologies such as CoinJoin and CoinSwap to ensure all Bitcoin owners can transact without revealing private financial information. + +Anything less is unacceptable. Remember that the value of your Bitcoins depends on you being able to spend them. + +> I would like to start a discussion and brainstorming session on the topic of coin tracking/tainting or as I will call it here, "redlisting". Specifically, what I mean is something like this: +> +> Consider an output that is involved with some kind of crime, like a theft or extortion. A "redlist" is an automatically maintained list of outputs derived from that output, along with some description of why the coins are being tracked. When you receive funds that inherit the redlisting, your wallet client would highlight this in the user interface. Some basic information about why the coins are on the redlist would be presented. You can still spend or use these coins as normal, the highlight is only informational. To clear it, you can contact the operator of the list and say, hello, here I am, I am innocent and if anyone wants to follow up and talk to me, here's how. Then the outputs are unmarked from that point onwards. For instance, this process could be automated and also built into the wallet. +> +> I have previously elaborated on such a scheme in more detail here, along with a description of how you can avoid the redlist operator learning anything about the list's users, like who is looking up an output or who found a match. +> +> Lately I was thinking about this in the context of CryptoLocker, which seems like it has the potential to seriously damage Bitcoin's reputation. The drug war is one thing - the politics of that are very complex. Extortion is something else entirely. At the moment apparently most people are paying the ransom with Green Dot MoneyPak, but it seems likely that future iterations will only accept Bitcoin. +> +> Specifically, threads like this one concern me a lot. Summary: a little old lady was trying to buy bitcoins via the Canada ATM because she got a CryptoLocker infection. She has no clue what Bitcoin is beyond the fact that she needed some and didn't know what to do. +> +> The risk/reward ratio for this kind of ransomware seems wildly out of proportion - Tor+Bitcoin together mean it takes huge effort to find the perpetrators and the difficulty of creating such a virus is very low. Also, the amount of money being made can be estimated from the block chain, and it's quite large. So it seems likely that even if law enforcement is able to take down the current CryptoLocker operation, more will appear in its place. +> +>I don't have any particular opinion on what we should talk about. I'm aware of the arguments for and against such a scheme. I'm interested in new insights or thoughts. You can review the bitcointalk thread on decentralised crime fighting to get a feel for what has already been said. +> +> I think this is a topic on which the Foundation should eventually arrive +at a coherent policy for. Of course I know that won't be easy. +> -Mike Hearn +Hi everyone! + +&#x200B; + +I am looking for a low-cost franchise, preferably in the health/food area (i.e. smooothie shop, organic fooods, that sort of thing). + +&#x200B; + +Does anyone have any reccomendations? It would be accompinied with a gym and other health and wellness businesses. + +&#x200B; + +Thanks! +So recently I've been reading a bunch of blogs and such where people talk about FI and reaching that goal and then quiting their job. Most of these people I read about are on blogs and such so they have an income stream and work even if they don't need the money. + +I'm tired of my job and tired of the daily grind. I have these thoughts of why do I need to wait for FI to quit it. I could walk away today, eat up my non 401k savings while trying my hand at something like a blog or other things that are fun to bring in some cash. As long as I don't walk away from everything I know, there is always the possibility to go back to work in a couple years and work back towards that FI number. Maybe I've even built that blog I want to do to bring in more money that I never felt I had enough time and energy to work on while I'm working. + +Is this a bad game plan in the eyes of many of you? I assume that my working years would be the same, but I would have the opportunity to explore new ideas and see what other options are out there. Maybe I stumble upon a way to pay all my bills with something that I don't realize is work and never have to go back to the grind. Thoughts? +The concept: create a bank account. Every time you are offered insurance coverage or extended warranty coverage on a product or service, don’t purchase that coverage, but instead deposit that money in your self insurance fund. + +Every time you have something break that would have been covered had you purchased the warranty/insurance, deduct from the account to pay for repairs/replacement. + +I’m betting that just about everyone would have a significant positive balance in the account over time. + +Edit: not recommended for health insurance. + + +So r/wallstreetbets announced a new sub ([link](https://np.reddit.com/r/wallstreetbets/comments/ptet7q/on_crypto_redux/)) to discuss cryptocurrency due to “high demand”. It’s funny because the sub used to hate cryptocurrency and censor everything crypto related, but of course we all know it was inevitable. + +It draws to my attention that: + +- “Wallstreetbets” and “crypto” are contradicting terms in the first place +- The sub is filled with memes only. Nothing substantial and no posts relevant to crypto. Also, r/cryptocurrencymemes has better memes than the sub will ever have +- Not really surprised, but r/wallstreetbetscrypto has the same childish behavior and infantile sense of humor +- There already is a great sub for cryptocurrency. It’s called r/cryptocurrency. + +What do you guys think? +Hello everyone, I need some opinions on buying a car, and what would be the smartest options financially. + +My (31m) wife (33f) and I are in need of a new second car. I have a 2015 Compass that’s fantastic, but my wife is selling her car to her mom to help her out. It’s an older Sedan and we’re only getting about 1500 for it. That being said, the compass has about 100k on it, so we’re going to dial back it’s usage and make the new car our primary. + +Here is where the financial aspect comes in. We need space for our toddler, and we’re torn between paying 30k for a used Van, or spending 46k for a new hybrid. (Honda odyssey vs Kia Sorento Plug in) With that in mind, we will be putting down about 15k; however, we’re worried about the monthly payment. I think it would be better long term to bite the bullet and pay more for the Hybrid (gas savings, tax credit, longevity, etc), but my wife is convinced the best option is taking the lower payment for the van. + +Help talk sense into us both please! 😅 + +Edit to add: not sure if you need to know our income but about 160k combined per year. Day care eats us alive. +https://www.fordmoney.co.uk/savings-products/flexible-saver + +Seems to be the highest interest rate product now for easy access savings. Might be one to watch with other providers such as Zopa, Chase etc. who may follow suit in the coming days, particularly when the Bank of England could announce a further interest rate rise tomorrow. +Guys there’s so much info and ppl arguing about MVIS is it true is it not. Should I sell tomorrow, should I sell before call, should I risk it all and wait. + +Truth is no one can tell you, but here are some pointers from the past 24hrs. + +MVIS is tied to MSFT, just look at their product it’s literally the same thing. https://youtu.be/uIHPPtPBgHk + +The volume on this guy has 190 million more than S & P 500 (SPY)!!! That’s 3x the amount in just one day!! 60 million plus shares traded after hours. + +There was for a fact a whale that manipulated the price, this caused triggers to offset, and ppl began to panic, furthering the price down. Not to mention the amount of ppl trying to short this thing for a quick buck. + +Patent was approved today, even if you think it’s false, read it carful and you’ll see MVIS referenced. Again Holo lens comparison. + +A lot of institutions and investment companies in this too. Michigan treasury owns 4 million shares, Vanguard owns 3-4 percent, etc. There is 69 Institutional Owners. A bunch filed the end of April and beg of May. + +https://fintel.io/so/us/mvis + +https://www.nasdaq.com/market-activity/stocks/mvis/institutional-holdings + +Many MVIS employees are NOW MSFT employees, one in particular is a senior researcher (hint hint) + +They are in the process to updating the holo lens to holo lens 2. + +MSFT can continue to pay royalties, buy them out after they’ve paid their debt off, or honestly this company continues to grow because holo lens is the future. + +I don’t believe this is a pump and dump, I believe this is to good to be true. If you want to sell to make a quick buck fine, but my own opinion, do your own DD, this guy is a win-win-win. Yes, there will be a bumpy road to the upside, but after the news either announced on the 7th after hours at 5pm, or 19th, I think based on the CEOs letter for exploring potential acquisition or merger on 5/1. We have good evidence to believe this is the real deal. + +https://microvision.gcs-web.com/static-files/b5602e65-5676-46db-bb52-42588b9bfa47 + +Also for all those whales that want to manipulate the price and scare away the avg investor, thank God SSR is in place so it freezes the price if it drops below 10 percent until more ppl can buy in. + +Link for SSR +https://www.wallstreetdaily.com/2019/05/20/ssr-what-it-is-and-what-you-need-to-know/ + +More info from investors hub + +”Ex Microsoft (MSFT) Employees now work at MicroVision (MVIS) +After some research by the community, a staggering amount of ex Microvision employees have been scooped up by Microsoft over the years. This growing list leads to suggest that Microsoft is very interested in MicroVisions technology and capabilities. + +Josh Miller – Director of Engineering at Microsoft and former Lead Systems Engineer – HoloLens (6 years at MVIS as Director of System Engineering) + +Scott Woltman – Director Hardware Engineering at Microsoft (5 years at MVIS as Senior Staff Engineer, Systems) + +Richard James – Director of Optical Engineering HoloLens, former Director of Sourcing – Advanced Optics (14 years at MVIS as Director, Opto-Mechanical Engineering) + +Wyatt Davis – Principal Engineer at Microsoft (15 years at MVIS as Principal Engineer/MEMS Technical Lead) + +Jeb Wu – Principal Hardware Engineer HoloLens HW Design at Microsoft (5 years at MVIS as Sr. Staff Engineer) + +Johnson Liu – Principal Optical Engineer (3 months at MVIS as Staff Engineer) + +Mark Champion – Principal Systems Engineer (6 years at MVIS as Principal Engineer) + +Mason Thomas – Principal Program Manager (3 1/2 years at MVIS as Lead Systems Engineer for DARPA eye ware display) + +Greg Gibson – Senior Electrical Engineer at Microsoft (11 years at MVIS as Electronics Engineering Manager) + +Daniel Nevistic – Hardware Development Engineer – (2 years at MVIS as Electronics Engineer) + +Michael Beard – Senior Optics Test Manager – HoloLens, Senior Hardware Engineer (8 years at MVIS as Lead Systems Engineer of Image Quality) + +Shawn Swilley – Senior Hardware Engineering Manager, former Sr. Hardware Engineer (7 years at MVIS as Senior Staff Engineer) + +Justin Zilke – Embedded Systems Engineer (4 years at MVIS as Lead Engineer, Embedded Firmware) + +Minhua Liang – Optical Engineer (6 years at MVIS as Sr. Staff Engineer) + +Damon Domjan – Senior Embedded Systems Engineer (5 years at MVIS as Firmware Engineer) + +Robert Hilker – Manager HW Test Engineering at Microsoft (11 years at MVIS as Director, Global Manufacturing Technology) + +Bill Woodland – Sr. Director Strategic Sourcing (9 years at MVIS as Sr. Director) + +Taha Masood – Sr. Manager for Strategic Technology Sourcing for Augmented &amp;amp;amp;amp; Mixed Reality Products at Microsoft (6 years at MVIS as Director, System Engineering, Design-Win and Technology Integration) + +Jack Clevenger – Sr. Program Manager (12 years at MVIS as Sr. Program Manager) + +Moh Eslamy – Process development working for both Microsoft and MicroVision (6 years at MVIS managing high volume manufacturing/assembly processing for laser projector) + +Karlton Powell – Senior Researcher (8 years at MVIS as Senior Research Engineer) + +Given both companies are headquartered in Redmond, WA, a Microsoft acquisition of MicroVision could be an extremely easy transition for both the company and employees. + +Microsoft (MSFT) currently using MicroVision (MVIS) Technology in HoloLens +On March 31, 2020, Microvision agreed to an agreement for its April 2017 customer to take over production of the components MicroVision had been producing for the customer. Beginning in March MicroVision started earning a royalty on each component shipped that was approximately equal to the gross profit it earned on each component it had previously produced. + +Around the same exact time, Microsoft started expanding production capabilities for its Hololens in order to meet higher demands for the product. + +And to follow that up, the Army which is currently planing to equip its first units with the Integrated Visual Augmentation System toward the end of next year, thanked Microsoft for the expanded commitment to meet production demands. + +“Our Microsoft partners have been outstanding in reforming the supply chain where necessary and continuing on with the development in their production and manufacturing facility in California” + +And if the dots aren’t connecting enough, immediately after this on April 6th, MicroVision stated their first clue of possibly entering a buyout of some sort. “As we reported on March 11, we are actively engaged with multiple interested parties to evaluate various opportunities to license our IP as well as other strategic alternatives.” + +While no one knows for sure if MicroVision’s technology is in the Hololens, there have been some confirming reports stating that may be the case (found under Hybrid Arrive section). + +Microsoft (MSFT)’s Possible Expanded Use of MicroVision (MVIS) Technology +The connection between MicroVision and Microsoft is almost undeniable when it comes to the Hololens reports and timelines. But an additional use of their tech may change everything. + + + +There are rumors and evidence that Microsoft is using MicroVision technology in their new expanded capability with the Xbox. Microsoft expanding their use of MicroVision technology can show us their interest and commitment to the technology, and also validate why they might think about buying MicroVision out. + +It’s interesting to note that Microsoft announced an Xbox Series X gameplay reveal event for Thursday, May 7, the same day as MicroVisions conference call. Whether anything of substance is announced is yet to be seen” + +Below are some links! Please share info, news and insight. This is not financial advice, do your homework, I believe this is going to the sun. + +https://en.wikipedia.org/wiki/Microsoft_HoloLens + +https://hololens.reality.news/news/microsoft-applies-for-another-patent-enlarge-field-view-ar-displays-0185475/ + +https://youtu.be/uIHPPtPBgHk + +http://www.globenewswire.com/news-release/2020/04/06/2011978/0/en/MicroVision-Retains-Craig-Hallum-Capital-Group-LLC-as-Financial-Advisor.html + + https://www.reddit.com/r/pennystocks/comments/gdih4t/mvis_is_no_joke/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + + https://alphastocknews.com/microvision-mvis-stock-heres-whats-coming/3292/ + +https://twitter.com/alexcutler247/status/1256429636365488129 +[banner made by KingSnakeJones](https://preview.redd.it/5xqoacjgu9v91.png?width=2480&format=png&auto=webp&s=d9270cb484b80b600a2109032e0fb82c04ab586c) + +Based on the recent community temp checks and fireside chat, we’ve used your feedback to implement some new changes. + +# BIG NEWS - Source Requirements for Tweets - + +We've always had it as a suggestion to link to the original news source(if applicable) when posting something from Twitter. + +We're updating this rule to now REQUIRE the original source if you're posting a News event from Twitter. In other words, if it's a News Aggregator Twitter account(ZeroHedge, Unusual Whales, you know the accounts), and that news came out someplace else first, that post will be removed. If you want your post to stay please post the original news source. + +Even better, copy and paste the article in the comments! Everyone loves when people do that. + +If Twitter is the original source then your post will stay. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +# New Flairs: + +After the temp check post, there will not be an Options specific flair. Derivatives(options) & their effect on the market/ways they can be used to manipulate reporting requirements are always open for discussion under the DD or education flairs. + +***New flairs already implemented:*** + +**Data Flair**: For all those data collectors/aggregators out there. + +https://preview.redd.it/x3iyd4vhu9v91.png?width=86&format=png&auto=webp&s=4bdb267ebf1cd8677c5cdba6ab7a6575674903e9 + +We've had a TON of requests for a glitch flair.... but who's to say what data is an actual glitch? + +We wouldn't want any data to be dismissed due to being a 'malfunction', so we'd encourage you to use the Data flair, even if you think it may be a glitch. + +For easier searchability: use the Data flair, and in your title - add `[glitch]`. + +If you have an old post that you think would fit under this flair you can update your post flair! (unfortunately can't edit post titles) + +**Macroeconomics Flai**r: + +https://preview.redd.it/0a4m7zjiu9v91.png?width=168&format=png&auto=webp&s=bc362842e0e1d8a5e141efa576466e6979d541ed + +Macroeconomics examines economy-wide subjects that effect the stock market such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment. + +Why do we care about this? This is another thing that moves markets, which affects $GME. + +**Gamestop Marketplace flair:** + +https://preview.redd.it/00kz6w7ju9v91.png?width=203&format=png&auto=webp&s=ab87c962b70e43f736da7f0ecaeb3f95a8a12322 + +For any posts about Gamestop's NFT Marketplace. + +[https://www.reddit.com/r/Superstonk/wiki/index/rules/post\_flairs/](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) descriptions of all our flairs. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**Update to our expanded rule 1:** [https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded\_rules/#wiki\_avoid\_community\_division](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules/#wiki_avoid_community_division) + +# Avoid Community Division + +**There’s no wrong way to like the stock. No matter how you hodl GME, you’re welcome in this community. Everyone is an individual investor and someone’s investment strategy may be different than yours. Even if you disagree with someone’s investment strategy, while participating in Superstonk, it’s still expected that you engage constructively and respectfully.** + +&#x200B; + +\*Please don't make posts or comments that divide the community. Some people have been here for 84 years, others just joined recently and are trying to get a feel for the community... let's stop fighting about DRS/options/holding shares in whatever brokerage. + +If someone is spreading misinformation with a post or in the comments please use the report button and report them for "misinformation". Something that would help even more though would be to let the person know how and why they're wrong, politely, and back up what you're saying with sources. + +If more people can get used to doing that, the actual divisive shills will stick out. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +As some may have noticed, there have been some recent departures from the mod list and we’d like to thank the mods no longer on the list for their service and dedication to the community. + +Just like with any workplace, people come and go, and departures can be rather personal which is why they aren’t always announced. More importantly, we are here to discuss GME and market manipulation. As a team, one of our main goals is to keep the focus on the actual story here, which is GME, and not the mod team. We're just here to serve the community. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +https://preview.redd.it/9sn16oeku9v91.png?width=342&format=png&auto=webp&s=d60f515d66e5a94754fd19d2ea728c03189c8571 + +# Immutable offered to create an IMX token prize pool for any community event we want! + +What would you want to do? We're open to any ideas! +There's a lot of talk about smart money and dumb money, and which is why. Here's the clear delineator: dumb money talks, smart money listens. + +I chatted with a friend of mine on FB last night, just general catching up and whatnot. He knows I work on WS, so when the topic of investing came up, you'd think he'd ask me for any tips, right? Nope--instead he bragged about his past performance and how the looming Malthusian crisis was going to make gold and oil explode in value, hence his big bets on both (not that those worked too well for him in 2013, of course). + +Now when I talk to professional money managers, the conversation is the exact opposite. They don't brag about past performance or tell me their investment hypotheses. They want to know what I know. They listen very closely, and ask probing questions. They don't care if they look stupid or smart or good or bad. All that they care about is learning something. + +This trend is so common that I've made it an axiom of finance and it determines my own strategies in life: dumb money talks. Smart money listens. + +So next time you feel the urge to post about your killer trade or how you scaled 10 cents off of a rally in TSLA, or next time you want to reply to a post telling OP what an idiot he is for thinking X, Y, or Z, just remember: + +Dumb money talks. Smart money listens. + +So...what trades are you guys looking at for next week? +### Fidelity Released Zero Fee Index Funds + +The exploding popularity of low fee index index funds in recent years has been putting pressure on brokerages to push their index fund expense ratios even lower. About a year ago, Fidelity ramped up that battle when they released four 0% expense ratio index funds, including **FZROX** a zero fee Total Market Index Fund. + +### Expense Ratio War + +Here’s a look at a US total market index fund from each of the three major discount brokerages: + +| Brokerage | Ticker | # Stocks | Net Assets | Expense Ratio | +|---------------|---------------|---------------|---------------|---------------| +| Vanguard | VTSAX | 3,560 | $813.5 B | 0.04% | +| Schwab | SWTSX | 3,075 | $10.0 B | 0.03% | +| Fidelity | FSKAX | 3,454 | $46.5 B | 0.015% | +| Fidelity | FZROX | 2,530 | $3.8 B | 0.00% | + +### The Dirty Little Secret + +On the surface, the new FZROX looks like it just won the war on expense ratios. But hidden inside these new index funds is a dirty little secret. Take a look at their dividend distribution schedule. + +| Brokerage | Ticker | Dividend Schedule | +|---------------|---------------|-------------------| +| Vanguard | VTSAX | Quarterly (March, June, September, December) | +| Schwab | SWTSX | Annually (December) | +| Fidelity | FSKAX | Semi-Annually (April, December) | +| Fidelity | FZROX | Annually (December) + +### VTSAX Pays Quarterly + +Vanguard’s VTSAX stands alone as the only one of the bunch to distribute dividends quarterly. That means FZROX (and SWTSX) are sitting on dividends for up to a year before releasing that cash to the investor. Dividends make up an important part of the growth of a fund when reinvested. The opportunity cost of reinvesting those dividends annually instead of quarterly turns out to be (relatively) expensive. + +### An Analysis of The Annual Dividend Effect + +[This spreadsheet](https://docs.google.com/spreadsheets/d/10V3fVx7-XWLpIlal-_5g9scCmPyVBeKWmG6PU0CT0es/edit?usp=sharing) shows a hypothetical recreation of both FZROX and VTSAX over the past 40 years if they were tracking the S&P 500 index. It takes into account the expense ratio of each fund as well as the respective dividend reinvestment schedules. When you look at the net effect over 40 years, the cost of waiting to reinvest those dividends until the end of each year ends up costing FZROX more than the 0.04% expense ratio of VTSAX. An initial $10,000 investment turns into $714,671 for FZROX and $725,999 for $733,569, a difference of $18,898 or about 2.6%. + +### FZROX Costs About 0.15% Per Year + +For those hyper sensitive to expense ratios, this cost has the net effect of a 0.15% inefficiency to the market. Despite VTSAX’s 0.04% expense ratio, VTSAX only trails the market by 0.07%, less than half that of FZROX. As long as there’s positive growth, annual dividend reinvestment will always incur a cost to the growth over quarterly. The bigger the increase in share price and the bigger the dividends, the larger that effective cost becomes. + +### VTSAX Still King + +So with the largest net assets, the most stocks in the portfolio and the only fund to pay dividends quarterly, VTSAX is still king of the total US market index fund game. + +### Don't Chase Tiny Differences in Expense Ratios + +That said, the real lesson here ISN’T to dump your current index fund in search of an ever so slightly more efficient one. Even FORTY YEARS down the road, the difference was only about 2%, or a single good or bad day in the market. Instead, focus your energy on investing early and often and staying the course. One panic during a market downturn will more than wipe out any benefit a tiny decrease in expense ratio provided. + +### TL;DR + +Fidelity's new zero fee index funds only pay out dividends once per year. The opportunity cost of not reinvesting those dividends sooner is about **0.15%** per year. + +### More Info + +A while back I posted [five ways to max your IRA](https://www.reddit.com/r/investing/comments/c3813m/when_to_contribute_to_your_ira_an_original_study/). If you're a beginning investor or otherwise into this kind of stuff, join us at /r/personalfinanceclub where we break down investing topics into simple digestible examples. + +### Edit + +In regards to the top level comment about sitting on the dividends. I didn't mean to imply the brokerages actually hoard cash scrooge mcduck style for a year. I'm sure they're using that money, reinvesting, etc. But if that doesn't translate to an actual increase in share price, then there's still an opportunity cost to the investor. + +**TO TEST THIS**: I went back to the 14 months of data we actually have available since FZROX was introduced and tracked the exact share price and exact dividend dates and dividend reinvestment dates. You can see that work on the second page of [this spreadsheet](https://docs.google.com/spreadsheets/d/10V3fVx7-XWLpIlal-_5g9scCmPyVBeKWmG6PU0CT0es/edit#gid=1071632335). The FZROX share price HAS actually outpaced VTSAX's share price. But when you add in the dividends, VTSAX actually makes up for that and then some in the actual growth of the investment, outpacing FZROX by 0.008%. My hypothetical recreation of the last 40 years above had VTSAX outpacing FZROX by 0.08%. So, maybe FZROX is internally reinvesting in a way that impacts share price? But not enough to stay ahead of VTSAX's efficiency with the index and quarterly reinvestments? Also, this "opportunity cost of slower dividends" ONLY takes effect when the market is UP. If the market is DOWN, getting your cash later (and buying at a lower price) actually benefits the investor. And the market has been pretty volatile/flat for the last year which backs up my original hypothesis. +I'm 24 and make a very good income in a MCOL area. Realistically, I could feel financially comfortable buying a home in the next year or two if I wanted. + +However, the concept of homeownership has always been off-putting to me. I like being able to just call up the front office if anything breaks. I like not feeling tied down to a particular location if I decide to move. I like my area, but I don't see myself living here for the long haul. I like being able to live simply; I live far below my means and plan to retire in my late 40s at the latest, preferably earlier. At that point, I still don't see myself wanting to be tied down to a "forever home" but experience living in many different places (not just as a tourist). I don't see myself ever wanting kids. + +That said, the recent craziness in the housing market has me doubting myself. Rents haven't been hit too badly in my area it seems -- mine didn't go up when I renewed the lease last fall, and similar units are still around the same price on their website -- but the houses I see on Zillow have skyrocketed like anywhere else. Hearing that this isn't just a bubble, but likely the start of the new normal, has me questioning whether I am shooting myself in the foot financially by not planning to buy my very own four walls as soon as it is financially sound to do so. + +My main concern is that in the future, rent will be so expensive (yet homes still even more expensive) that I will have wished I had just bitten the bullet as soon as I had the chance. + +What do you all think? +I'm not going to repeat any cookie cutter advice you'll get from online. This is the real deal, from reading the tape for 5 years. + +1. If a stock is being hit by accounting issues, SHORT IT, preferably with option spreads or diagonals 2-3 months out. Rarely do they ever recover right away. + +2. If you want to get into a stock during a correction, wait for the first UP DAY before even think about getting in. If the stock is below 50 EMA, then sell as soon as it fails the retest at 50 EMA if it gets there. Keep holding if it busts through 50 EMA. (20 EMA is the first test) + +3. The above statement does NOT work as well for identifying tops. TOPS are FAR MORE DIFFICULT to catch, and it's a loser's game. + +4. If a stock reaches 52 week highs based on 1-2% gains a day, DO NOT short it. They go even higher most of the time. (How did apple get to 600? by hitting 52 week highs day after day) + +5. However, parabolic moves are worth catching, but wait for the first down day, while keeping an eye on 50 EMA support. TZOO april 2011 is a fine example. + +6. If a stock keeps hitting support repeatedly, short it. May 2010, BP, after the oil spill. + +7. Don't even pay attention to P/E. It's a pretty worthless metric. I've seen it over and over again where folks use P/e to justify their purchase. I've yet to see P/e move to their imagination. + +8. Don't make decisions during the day. Plan it out when the market is closed. + +Edit: + +9. This one is often overlooked. Keep more money in your bank account than trading account. It feels good knowing you have more cash elsewhere. This takes off a lot of stress psychologically. + +Edit: + +- Don't trade earnings. Extensive DD may increase your chances but even then it's complete gambling. +- If you're going to speculate with options, buy spreads, which aren't as effected by time decay. Buying OTM singles is the easiest way to lose money. +- If you ever catch yourself worried about your position, you probably committed too much of your capital. Get used to have a position so small relative to your total account value that it's almost a waste of time. E.g., $200,000 account, with only $3k in a trade. +- Before you enter a position, know your exit. If you shorted or went long at the 50 EMA, and the next day it busts through, know right away if you're going to exit or hold at the open, to end of day and exit, or hold for 3 more days then exit. If you lose, you lose. Go on to the next trade. + +Edit: + +This isn't the end all be all to trading, which doesn't exist. No, this is barely scratching the surface. There's a few that have mentioned the best way to go about making money from the markets and outperforming the S&P is to understand fundamentals, balance sheets, cash flow. This is completely true, but, this is just ONE of the many skills you can have at your disposal. Besides, if a company has great fundamentals, chances are it's making 52 week highs and you would've already known that from the technicals. + +Think of it this way - how many of you understand the mechanics of Diablo from Blizzard? There are items in the game that improve certain attributes, adding % chance. Trading, and life in general, works in similar ways. Every bit of knowledge, every bit of experience, adds to your % chance of winning a trade, but you will never reach 100%. Understanding fundamentals will certainly help, which goes back to my #1 lesson learned of don't buy into stocks that have had accounting issues. (DMND, GRPN so far at least, LFT) + +In the coming days, I will walk through some annotated charts putting what I've learned in action. I am doing this because I genuinely enjoy it, and some of what I learned has been taught to me by a mentor I met while posting on yahoo so I want to pay it forward. He has since died from a heart attack. + +Edit: + +- Just saw this today on MNST and it reminded me - do not initiate a long position when a takeover rumour is out. 99.9% of the time takeovers don't leak. + + +As 20 & 30 something have a longer time horizon to ride out the market turbulence, is it a good idea to invest in ETF if you have spare money in hand? +So what is dangerous besides having an unlimited loss potential (besides by having a set stop loss) on selling deep OTM 0DTE options on SPX? +let’s say I have 5k, what is not feasible about selling $300 worth of options everyday? I could even spread these out to different strikes (Regardless of PDT rules.) +I’ve been running spreads on spx 0dtes for some time on paper, but I know trading is no walk in the park & I’m definitely not the first to think about this. So what I’m I missing? Or is theta gang really that good LOL. +Any advice, or advance reading/videos would be a big help +Edit: Thanks! For everyone’s feedback! +Currently own 160 of the infamous $GME. Looking to make a quick play selling a covered call. I’m currently thinking Oct 14 $30 call. Never sold a CC before and am very new to the theta gang strategies/options in general. + +Before you tell me that I shouldn’t be trading options if I don’t understand them, let it be known that I am truly regarded. + +Any advice welcome. +I mean, the premium is $1500, the strike is $27, the current underlying is at $180. + +I wouldn’t mind owning the stock at $27, so where’s the risk? + +Here’s the link to the foresight calc: http://opcalc.com/suQ +Is there any downside to this? I can't help but feel that it's too good to be true, but can't pinpoint what it is that makes me feel this way. Is there something I am missing here? + +&#x200B; + +edit: Thanks for all the great answers. Shortly after posting this, I realized that selling CC at the highest possible premium would mean having to sell the stock for much lower than it is actually worth, which which would result in a loss overall. +1. Sold 10x $WISH CSP @ strike $12 - Kept rolling over +2. Sold 3x$PLTR CSP @ strike $25 - rollover never stops +3. Sold 2x$ZOOM CSP @ $300 -closed for a loss +4. Sold 1x$SHOP CSP @ $1400 - Hoping I can recover here <- Don't want to keep rolling as I need this cash +I mean, the premium is $1500, the strike is $27, the current underlying is at $180. + +I wouldn’t mind owning the stock at $27, so where’s the risk? + +Here’s the link to the foresight calc: http://opcalc.com/suQ +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +One my my LEAP was destroyed in the last months and is at currently at unrealized 99% loss, expiration Jan 2023. Anyway... + +I don't think the stock will rebound ITM but I intend to juice it and let it die. + +What could be the best option to get a max of premium before it expires : +- stock repair strategy +- cost averaging down this LEAP and buy more at a very discounted price and then sell weekly calls at delta .15 until expiration. + +I know that I have already reach max loss, so I'm ready to gamble my way out as it can't get worse than that. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I’m having a hard time deciding between investing 70% of my capital and selling spreads with the remaining 30%, or just wheeling the whole portfolio. + +The issue is I only have $15k, and wheeling even AAPL would take 90% of my capital. + +With spreads I could reduce my risk down to just 3-5% per trade while keeping most of my cash in boomer/growth stocks. + +This would also generate many more occurrences. + +I like the idea of owning stock and feel like going long and trading with 30% would be more profitable long term as it’s hard to beat the market. + +However wheeling would be more consistent growth. + +Do you guys diversify with stocks & options or just options trading? +I don't know if I'm telling you all what you already know but selling TSLA theta is shit-tier (at least at these prices) and I can prove it with math. + +I've been wheeling stocks here and there, haven't really devoted any conviction to it until lately. In the process of gearing up for dedicated Theta Gang hood-rat shit, I've been working on tools to estimate premium yield against a stock and categorizing them into "Risk Tiers" based on the ratio between the underlying price and the average contract premium with Delta between 20 and 30. + +Anyway, I plug all this into a spreadsheet with a bunch of functions and theoretically allocate money to a position and it'll estimate how much premium I'd collect on weekly contracts, here is the TSLA vs SOFI comparison: + +&#x200B; + +https://preview.redd.it/90o58hvecfg91.png?width=1329&format=png&auto=webp&s=d22fb52bbcabec142f26ee15ab9e5e281e659980 + +Price to Contract Ratio is calculated simply by dividing Premium by Current Underlying Price. + +And here I was thinking that selling theta on TSLA was the Holy Grail of Theta-Gang. LMAO, crazy just finding out I can outperform with SOFI, and generate almost 2x the premium with SFIX... + +I know that these ratios will change as the underlying and premium changes so it'll constantly be updated (working on automation to do this for me) but this seems to help me at least narrow down my selections week-by-week. + +Let me know if anyone want's a copy of this spreadsheet and I'll post it up somewhere. I also have a python script I wrote to go out at get this data, it's pretty crude and a work in progress, but it makes getting the data not such a dick-punch, happy to share that as well if anyone is interested. + +...and if not, then just tell me to go fuk myself or something. + +**Edit:** +Here's the shared link to the spreadsheet: [https://drive.google.com/drive/folders/1aZnsSSFydoBoLr\_HBq\_RSuAVeo0OgSaa?usp=sharing](https://drive.google.com/drive/folders/1aZnsSSFydoBoLr_HBq_RSuAVeo0OgSaa?usp=sharing) +Hi thetagang! + +I'm interested in opinions on whatever it is I did; I've recently started doing research on options trading and found the thetagang approach(es) intriguing. That is to say, I'm a super noob. + +As far as stocks go, I'm small fry; less than 10k to mess with currently, so I picked up some cheap $NOK at $4.18 and sold a 5c 1/21/22 (pardon the shorthand if that's not quite right). + +I pocketed about $50. Neat! + +Now by my logic I'm in a pretty good spot, given the possible options: + +1. $NOK continues to waffle around $4 and maybe I buy back the contract after a while to close out and do something else, once its value drops low enough. +2. $NOK gets crazy again and my shares get called away for $5, in which case I've made $.82 per share (granted if it moons I've missed out on those gains but still ahead I guess) + +Anyways, interested in feedback/suggestions/poo flinging if warranted. And I guess, in short, did I do this right? +I wanted to finally post and say thanks to this sub and everyone in it for getting me started with Thetagang. I discovered WSB in august and y'all in September and quickly learned Thetagang was the school of thought to follow. I slowly and consistently made about 15% from September to December and then got lucky with some GME shares bought at $19. Sold out at the top and generated much more capital to play with. Anyways, now that the dust settled, I look forward to hanging out in here and making more theta plays with you all with my 4X cap infusion. Current positions + +CRSR $35 CSP - March 19th expiry + +BNGO $10 CSP - March 19th expiry + +PSTH $35 CC - Feb 19th expiry + +BB $15 CSP - Feb 19th expiry (gonna need to address this one) +I have a friend who is seeking FI and has been considering divorce for the past three years. The only thing that's keeping them together is the friend wants financial independence badly and sees a divorce + losing half of their assets/alimony/ child support to severely impact that person. That person ended up taking a lower paying job and moving to another state with their family to focus on repairing the relationship. That person went down from 500k total comp to 150k. However three years later it didn't work out but the friend is terrified of the financial aspects. They have a net worth of 2m. + +I ran the alimony figures compared to the person's SO's salary. While I'm not an attorney (and told the person to seek an attorney) the state they live in is no fault and provides an in depth calculator on their website. After running the numbers the person would be on the hook 25k/year alimony+child sort for 5-12 years depending on the judge then $1k-$1.5k/mo child support after the alimony ended. Fortunately this state reduces alimony dollar per dollar for received child support. Also with the facts of the case it's very unlikely they'll stick the person to their old 500k job and it's very likely if they can go back to that job it won't increase alimony obligations. After running the numbers for my friend that doesn't seem nearly as scary to that person. That person would have owed 80k/year alimony in the old job in the other state. + +Of course it is going to hurt that person to go down to 1m net worth and a dent in savings rate but 7 years in the market that person will be FI again, and maybe a lot sooner. Just the fact the person seeked FI and lived below their means helped tremendously. It would have been devastating if that person hadn't done so. That person will drop a lot of baggage and could really focus on their career perhaps greatly surpassing the previous 500k total comp threshold. + +How have been your experiences with divorce? + +Was the financial impact less worse than you imagined? + +How long did it take for you to bounce back to your previous economic position? + +What financial advice would you offer to someone facing the decision to file for divorce? + +Please don't bring any discussions of gender or blame in this. Let's please keep it on topic and civil to how it affects FI plans. + +# Edit: + +Some more background on my friend's specific situation - It's a gay couple that was dual income but with disparate incomes. They adopted a 10 year old. His husband decided to quit without talking with him before to "stay at home" but the child is in school most the day/etc. The stay at home husband developed some psychological issues. They've been having this marital fight for three years with the stay at home husband doing absolutely nothing. + +My friend is planning on fighting custody but was worried about the divorce in the worst case scenario that he doesn't gain custody. I hope he wins custody as he really deserves it. + +I *really* didn't want the discussion to derail into my friend's specific circumstances. +Hi everyone, +I have been on the hunt for a good spreadsheet, free or not, that could allow me to +1) Get a first idea of how good or not an investment opportunity is +2) Track portfolio performance + +Tried doing one on my own, but I'm really struggling to connect it to online sources to have dynamic market info inside. + +Thanks for your help! +# And we're back + +This is a continuation from [part 1](https://www.reddit.com/r/Superstonk/comments/ovs64k/a_cyclical_history_of_tomfuckery_in_gme_part_1/?utm_source=share&utm_medium=web2x&context=3) since I used so many images in explaining myself. + +# So, we have some options in line pun + +The shaft of the McDICK era was seen to have a noticeable constantly linearly decreasing value from \~2016 to \~2019. + +[Porn Version](https://preview.redd.it/ycsnj6idxqe71.png?width=624&format=png&auto=webp&s=e668a75c05ca16b5634c0662a6582780fab209b1) + +&#x200B; + +[Non-Porn Version](https://preview.redd.it/jjhmnouexqe71.png?width=624&format=png&auto=webp&s=ad3f993783943d4b757155f097ceeea5ac01b249) + +From the OBV, it does not appear that retail is causing the price drop, let’s check out the VIX and see what fucking happens when we put these together!!! + +# GME must be a woman because it has a cycle + +While the VIX R\^2 may not be the highest check out the fucking regression equation. + +https://preview.redd.it/cfkihubhxqe71.png?width=624&format=png&auto=webp&s=77729f5d97db9c6faf0ee27d304389a58ae69658 + +During this time, GME and VIX were decreasing at THE SAME FUCKING RATE. + +https://preview.redd.it/ndli432ixqe71.png?width=260&format=png&auto=webp&s=f332c6f13a90bc2ceb2b47893a9d50ec8360eb13 + +Shit, the max of the VIX was even equal to the low of GME. Nice double helix. + +[Nice double helix.](https://preview.redd.it/7tujtydlxqe71.png?width=624&format=png&auto=webp&s=b662bde8d4400b117ca5c93b7f7fd52f547f6f0a) + +Same rate as well moving inverse similar to the C\*\*\*-KEN era. + +# The cycles + +Let’s look at volume because that’s always a fun one. I’ve had a column for the median values for that month to add some perspective as well as a column for how much time greater the max is in compared to that median. The median “Median / Max” was about 2.81 so I’ve highlighted any value greater than 2.9. + +https://preview.redd.it/fz2hv8tqxqe71.png?width=624&format=png&auto=webp&s=1fad4ace6be36df2e681e9c2620f65476c327466 + +Let’s see how many times each month were highlighted: + +[ ](https://preview.redd.it/voxeas4sxqe71.png?width=129&format=png&auto=webp&s=6429092d59efdf31f8d6d813fecc691faff1746f) + +Hmmm… Jan, Mar, Aug, and Nov were the most frequent months that had a stupid high volume. I did not include 2012 solely because I like nice formatting. During the McDICK, we see oscillating cycles that have been occurring for a shit long time. + +[ ](https://preview.redd.it/kdg2ksiwxqe71.png?width=624&format=png&auto=webp&s=a1d92da17f5f49d4d23f052587b5538821002b94) + +Seems like quite the commonly occurring overnight changes. Also, I focused on overnight change since I made the assumption retail isn’t really a factor (#SorryNotSorry Europoors) and therefore, more just hedge fund fuckery. Overnight has been calculated as: + +[ ](https://preview.redd.it/ziqo6d2yxqe71.png?width=225&format=png&auto=webp&s=cc2a50b1b45b543958e87a80dad2df6d4d8b6092) + +Looking at values from 2012 to 2020, it looks as if the greatest ones occurred like the end of each quarter. Interesting. + +[ ](https://preview.redd.it/5zk6qvdzxqe71.png?width=372&format=png&auto=webp&s=6c04f31ad38257f415c87a874d56c8d6e35ffecf) + +Let’s check the months that had the highest overnight change as well as volume, and look into the minute candles to see what they fuck is going on. Behavior looks REALLY fucking similar on these days: + +[January](https://preview.redd.it/90ayyhe0yqe71.png?width=624&format=png&auto=webp&s=cd5f2bd84b87728dd4369ff0c66d2ed400908cf3) + +[March](https://preview.redd.it/yt9nbe81yqe71.png?width=624&format=png&auto=webp&s=547ceded09196b448db646ab46fcfac842fe5501) + +[August](https://preview.redd.it/vv36d4f2yqe71.png?width=624&format=png&auto=webp&s=404201d2335eb90d8956749b060315c400b53359) + +[November ](https://preview.redd.it/rsl1ms63yqe71.png?width=624&format=png&auto=webp&s=4b49c8ae6d0672c53b8b051faf48a27c893a54a5) + +Let’s make a fancy table to list the day of the month and year. Well, shit on stick. They often have bene occurring around the same time frame if not the same fucking day. 2019 seems all fucked but remember how the OBV dropped due to the share repurchase? + +[ ](https://preview.redd.it/784b1iu4yqe71.png?width=359&format=png&auto=webp&s=1c44ebe8312678184c500684ce8afef4971f29dd) + +Let’s check the number of net total days in between those days: + +https://preview.redd.it/i409yzh5gre71.png?width=365&format=png&auto=webp&s=e6bbfc9b19dacbec136b46f55b2ff0b7e86d73b2 + +Let’s check these dates out. The red dates are for the ones from the greatest overnight change and you can also see how they often are the ones with a ridiculously high volume as well. + +[ ](https://preview.redd.it/6at1ez9cyqe71.png?width=624&format=png&auto=webp&s=d96e45c731538a7ef39141531090d54ffe21ff1a) + +# Conclusion / Thoughts + +C\*\*\*-KEN and McDICK have been acting in extremely similar ways due to both exhibiting a stupid number of married options. The most recent data has been showing cycles that have been repeating itself with even the dates being basically the same. Ultimately, shit has been fucked up for a long time. + +# TLDR + +The algo for GME has been so stupidly overpowering anything else that even the dates are pretty much the fucking same. Hold the fucking line. + +[GME share price sauce](https://finance.yahoo.com/quote/GME/history?p=GME) + +[Part 2 Tweet](https://twitter.com/pwnwtfbbq/status/1421826877870657540?s=20) + +Edit 1: Moved the net total days since it was off by a cell. + +Edit 2: TLDR + +# Random Non Sequitur + +[**INERTIAAAAAAA**](https://www.reddit.com/user/INERTIAAAAAAA) was very upset I used this image out of context. I assumed incorrectly that it was satire solely due to the funny names he used. I wanted to make it up to him by saying it wasn't satire and that he indeed placed a lot of time and energy into making this and how despite the funny names, a lot of technical analysis was used in creating this. + +https://preview.redd.it/x970y2tmyqe71.png?width=1566&format=png&auto=webp&s=dc31ea56387358eaa6caf15018f0972fb119be67 + +&#x200B; +Wass'up? + +My name is u/delicious_manboobs and you might know me from boring you out of your mind with posts including walls of text about financial statements. + +&#x200B; + +https://preview.redd.it/7wrilfuep7p71.jpg?width=577&format=pjpg&auto=webp&s=3ca394a91b53f968b2680ab908d34c25b7eb245b + +Yeah, you twisted ape, I know about that AND your furry pr0n collection, but that's a topic for another time. + +This post is gonna be about what I discussed about "affiliate transactions" in Citadel's financial statements in this post: + +[https://www.reddit.com/r/Superstonk/comments/p73nx2/they\_see\_me\_accountin\_they\_hating\_a\_look\_into/](https://www.reddit.com/r/Superstonk/comments/p73nx2/they_see_me_accountin_they_hating_a_look_into/) + +and how this potentially makes estimations about price movements based on observations in the options and derivative market at least less reliable. + +Spoiler Alert: + +https://preview.redd.it/9eh5h2iis7p71.jpg?width=576&format=pjpg&auto=webp&s=054d40b00cbaac7000162992ea89ae5f3246625d + +Disclaimer: I am heavily retarded, don't trust me and this is not financial advise. I bought a ladder to go to high school, bruh, that's how bad it is. + +Did I write something wrong? Drop a comment, always happy to edit this post. + +tl;dr: At the end of both sections, you lazy ape. + +Let's fucking go. + +**FACTS** + +Check out my other post about information contained in Citadel's Financial Statements, I linked it above. A particular statement really caught my eye: + +https://preview.redd.it/hxc3b7v0t7p71.png?width=440&format=png&auto=webp&s=a0493751a04902ea4f0771b552d2bdf0d443ca85 + +The Company being Citadel Securities LLC, as this is taken from their 2020 Financial Statement. + +So, why would you find such statement in a financial report? Would Citadel put this there in order to tell the world that some rules can be bend when playing with yourself? Hell no... That's because there is an auditor that actually digs through your shit to check if there is shit worth mentioning. This is how it looks in the financial report: + +&#x200B; + +https://preview.redd.it/qjzlinv2u7p71.png?width=810&format=png&auto=webp&s=77c21a8cd4110383a14faaad39438b1d48c9f889 + +The auditor in this case being PricewaterhouseCoopers. + +So, does this guarantee that an auditor will write down everything they come across during the audit? Of course not, because there is a very weird relationship between auditor and auditee: the auditee pays the auditor for their audit, so an auditor is also incentivized to not completely upset his customer. Yeah... it's weird and always has been so and according to some fairy tales, a lot of scandals could have been prevented if the world would find a better way to solve that. + +Anyway, let's continue. + +I believe this statement is there for a reason and should be considered as relevant (like actually everything in a financial statement). + +Ok, let's check what related parties and affiliates are. That's financial speak for friends and family. And, man, that's a big ass family over there at Citadel. The financial statement alone names around 6, if you look at the SEC page of Citadel Securities LLC, you will find related sec filings for a lot more: + +&#x200B; + +https://preview.redd.it/urow4xomv7p71.png?width=977&format=png&auto=webp&s=6f276d0799729c8a502ea1359ad58eb619f0604d + +Relating to the topic of this post, I would like to point out two specific entities, namely + +* Citadel Securities Institutional LLC (CSIN) +* Citadel Securities Swap Dealer LLC (CSSD) + +So, what is the business of those 3 brothers? + +Citadel Securities (the company that made that statement in their annual report) engages in "market making and liquidity provision in U.S. options, equities, government securities, and foreign exchange products, as well as trade execution." And let's not forget, that Citadel Securities is the market maker for GME as well, enjoying a couple of exemptions when it comes to short selling. + +CSIN is an affiliated broker dealer, that engages in "options order routing as well as trades U.S. government securities and equities with institutional and broker and dealer clients." + +CSSD is an affiliated swap dealer. + +Oh, interesting. Those brother are involved in the derivative markets, writing options, swaps, whatever. + +&#x200B; + +https://preview.redd.it/bbwgsubyw7p71.jpg?width=828&format=pjpg&auto=webp&s=94e6453f0398b3cc94711b3ca697b27071e8f970 + +**tl;dr:** Citadel is a big family, the brothers and sister are involved in market making of a huge variety of securities, including equities, options and other derivatives. The financial statement of Citadel Securities LLC tells us that if they trade between each other, they might have their own set of rules, and that their own set of rules might differ substantially ("material difference") from the rules in the market. + +**Conclusion** + +So now that we leveled the playfield, let's play fucking ball. The following are conclusions that I have drawn based on my observations. There has been extensive DD shared in here about hiding FTDs through derivatives, expecting certain dates for roll-overs which should relate to price action. + +This DD is magnificent research, no fucking doubt, and definitely beyond my understanding in my cases (looking at people like u/Criand obviously) and the conclusions might be correct, if we can assume that those derivative contracts are made under normal market provisions. We know as a fact from their financial statement, that if Citadel is playing with itself, that doesn't has to be the case. + +Here's a couple of examples where I believe this might be relevant: + +"Look at the fucking huge gamma ramp! The call writers will need to hedge this before it goes fucking boom!" - Might be true, but what if I told you that hedging in a family transaction might be done in another way that you expect it (namely not by MM buying shares?). I don't know: "Bro, if I ask nicely and pay you a beer at the bar, will you not execute your calls?" While pocketing the premiums of people jumping on the bandwagon because of option play analysis. + +"Futures need to be settled at this and this date." Does this hold true even if the buy and sell side can set their own rules when it helps their cause? + +**tl;dr:** I don't think that you can reliably predict price movement based on derivative markets, if the players themselves state that the terms set in transactions among themselves might not be the same as those that would result from transactions among unrelated parties and **such differences could be material** (=substantial). + +&#x200B; + +That's it, apes. It seems to me that there's no reason for trying to outsmart somebody in the derivative market, if👏he👏actually👏told👏me👏 that he's not going to play by the rules. + +All of this, however, does not change anything on the big picture. Shorts have not closed, hedgies are fuk't. + +Buy. Hodl. DRS. This is my way. + +Apes together strong. + +\[insert rocket emoji here\] +I'm trying to understand the mentality of a maximalist and why does a person decide to become one. If you're a maximalist yourself, please share your point of view about this. +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. +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. +For those that own an exotic/sports car used primarily on weekends or in nice weather, what are your typical **annual** expenses to maintain a car like this long term (5+ years), assuming you keep it garage-parked? + +I've been eyeing to eventually have a 911 in the stable, or even a 90's-2000's Italian exotic. I've heard insurance is actually quite reasonable for something like this, and the money drain is more around scheduled maintenance, but my sense is regular driving keeps these machines running better than being constantly parked. +Lots of horror stories out there about gifting or loaning money to friends and family. I would love to hear stories where it went well, or advice on how to do it well, or how you decided that offering help was worth the well documented risks. + +Context: Recently had a windfall that took me from comfortable to fat, and now have the resources and desire to help out people in my life who have not had everything break their way like I did (does not include immediate family). I have done this 3 times this year without obvious negative consequences so far. But most of the time, I can think of a dozen reasons to make the gift and a dozen reasons it could go horribly wrong. + +The dollar amounts I have in mind are $10K-100K per gift, HCOL area. But I would appreciate anecdotes or advice for higher or lower amounts as well. +“There is no reason to risk what you have and need for what you don’t have and don’t need” + +This simple quote has been stuck in my head for the last week and is now influencing my investing strategy. (For the better) + +I’m an entrepreneur who made enough to retire at 38. I’ve been building a new startup for the last five years while not taking a salary. I have zero debt and have been busy investing in my new company and real estate deals. I also have been a very active early stage investor. I have noticed as an entrepreneur that I have a very high tolerance for risk. That’s both good and bad. It’s helped me build wealth, but can also ruin me. I am in the process of selling my real estate interests because my partners want liquidity. In the next week I’ll have a few wire transfers that will be equal to a fatfire number in of itself. As I have been looking at opportunities to reinvest this money, I feel it’s time to reconsider my investing strategy moving forward. + +It’s not easy for me to put my money in boring stuff that will provide a few points a year of growth. + +But as I mentioned above, at what point do you accept that you’ve won the game and take a more quiet measured approach? + +The quote above is influencing me to start to play defense, because another million or 10 really isn’t going to provide any more real value to my life. Why risk what I have and need, for what I don’t have and don’t need? +Last year, i knew i would probably owe about 40k in taxes. So i set aside that 40k in a "high yield" savings account. And did all my investing things around that money. However in August, i suffered about of insanity... and "realized" hey this money is earning jack shit. Let me put 40k into this "Aggresive" wealthfront account (my other Wealthfront account has been performing nicely). + +I completely forgot my rationale for having that money set aside in a savings account. Anyway. August was THE worst time to go all into one investment. It went down from day one and never recovered. +at one point the account was down to 29k$. Holy crap did i feel bad. Anyway, the market ebbs and flows ups and downs. It gets back to within -3k... then back down to -7 or -8k. hovering in that range the entire time. Everytime it got to within -3k$ i thought, i should just sell it. lock it in right now... 3,000$ is a small price to pay for this lesson. But like a gambler with the fever, i kept thinking.. well maybe tomorrow. + +Well Febuary turned to march... tax day was fast approaching, and march was turning into april.. I knew that the last possible day i could sell, settle and transfer money back to my bank account would be April 6th to be safe. last week. the market crept up .. little by little... on thursday i ended at $38.5k ... so about -1500$. At that point the highest point the account has been at since august.. i should have liquidated. but i had till monday!! hahah... man what a nerve wracking weekend it was. i didnt sleep until 4 am on sunday and woke up at 7am (PST) to liquidate. I had to cash out monday good or bad. + +Lo and behold the market was UP and my account was at 39,500$ (-500 loss only!!) i was so happy. but i was also so sleepy.. i put the withdraw order in and instantly fell back asleep. When i woke up 2 hours later, i saw in my email "please confirm your order by replying to this email" holy shit!!! i was certain that the market turned down by then.. but when i looked. my account was at 40,200$ i actually was in the green!!!!!! + +i put the order in again , this time i made sure to confirm it. but then got an email said that "we got your order, we are evaluating it.. we will get back to you" . type of wording. i was thinking CRAP! now for sure the market will turn back down..... + +finally a couple hours later i got the email that confirmed that my order excuted. and at that point my account was at 40,750$ the highest point EVER in its existence. + +jee wiz. what a nightmare that was. + +Thats investing folks. 8 months of bullshit.. and 1 day of glory. + +and i can pay my taxes without feeling like a shithead +Way too many of you are bullying people just because they are holding coins like shib, doge, etc. Ya'll need to stop with this. It is their own money, not yours. They can hold or buy whatever they want because guess why. IT IS THEIR OWN GODDAMN MONEY AND YOU HAVE NO SAY TO THAT! So stop bullying and making them feel bad about their crypto purchases. Some of them might be new to crypto and some of them bought the coins for fun. No matter the reason, this does not give you the right to ridicule people in this sub. Stop trying to bully people into regretting the coins they bought. You want to invest in coins like bitcoin and ethereum, go ahead but do not forget, just because you are buying a coin doesn't give you the right to bully other people who buy other coins. +So I was wondering what the logic is behind the common advice - here and just about everywhere else on the internet - that "about 6 months income is a good size for an emergency fund". + +I was surprised to not find an explanation when I searched for one. + +I realize this is a very rough number. I'm sure 7 months vs 6 months isn't a source of fierce debate, and I'm sure someone with serious health issues or 15 children or with a tenuous career would get a big thumbs up to saving more than 6 months income. + +But I guess I just wanted to understand why 6 months was the starting point. + +Is 6 months an 'average' or a 'recommended minimum for typical circumstances'? + +Is it just a case of "yeah, that seems like a reasonable lump sum I guess?" Or is <6 months statistically how long it takes people to find a new job? Or is there some special financial/tax meaning to '6 months wages' in the US? or did some famous financial person say 6 months one time and we just wrote it down? + + +#Why I ask specifically: + +I'm pretty young, and have been fairly fortunate. I don't have all that much experience with disastrous financial circumstances. But I also grew up somewhat poor, and am instinctively very conservative with my money. + +My 'emergency fund' (aka my dumping ground for extra money) is closer to a year's wages than 6 months wages at this point (and I make good money for where I live as it is - so it just seems like a lot of money). + +So I'm deciding if I should half it and put the extra into my mid-term savings (aka my optimistic mortgage fund bonds) + +I also have a family I could easily live with very long term in tough circumstances, no debts, good credit, employable skills, a career I could continue paraplegic... Basically I would consider my self low risk if anything. + +But I was just curious about the '6 month rule' and it's logic before I decided. +Any recommendation for penny stocks to invest in long term or short term? Any tips and tricks on buying penny stocks? They seem like a low risk high reward thing +I was thinking about not posting this because I know a lot of people are struggling this year & I don’t want to seem boastful but fuck it I really don’t know what to do with this money. I’ve gotten really lucky with my business this year and I’ve never seen money like this before, I really don’t want to waste it & I’d really appreciate any advice you can give me on what to do with it? +I'm in the market for a new mattress and I'm curious what mattress you have and how much it was. So much range even within brands. How much do you love your mattress and was it worth the cost? +I’m 21 and I currently have 10k in my bank this is the first time I had ever reach this money in my life. I work at a warehouse for min wage here in NY. It drains me so much just for min wage been there for 2-3yrs don’t seem like I’m getting nowhere, I tried college did not work out for me. I want to make my my mom proud 1st gen here I want to get more income to my household I’m the only one with emergency funds due to this pandemic. Thankfully I never stopped working, I had a car but got wrecked really bad( was not in vehicle) idk what to do or where to go. I have a TD investment acc but I feel like it’s unrealistic of me to invest now especially with this virus. I want to buy a nice ride for me and transport for me and my mother and sis, but I feel stuck learned the hard way not to waste all my money and live paycheck to paycheck. + +If you read this far thanks for listening I’ll take some 2cents for now. +So my wife and I have listed our home for sale. We plan to build at a cost very near our net proceeds from the sale. + +Trying to think through our options - do we just pay cash for the build and zero out, leaving us with no mortgage expense or should we get a construction loan / other leverage to retain some of the cash from the sale, while increasing our monthly expense? + +Not sure if there are tax or other benefits from having the mortgage? + +We are under 45 years old and plan to invest for the foreseeable future. Other than our current mortgage we have no debt. We have savings in the form of cash, brokerage, Roth x2 and r/e. + +Your thoughts are greatly appreciated! +I’ve been trying to be reasonable with my personal finances for a while, but feel like I’m missing something for optimizing my choices. + +Stats and facts: + +* 37M, $95k salary (+ ~13% bonus) +* Married, single income, 3 kids (7 and under) + + +Debts: + +* Mortgage: $132k @ 3.625% +* HELOC: $6800 @ 3.5% +* Student Loans: $11k @ 4.1% +* Own both vehicles (second vehicle will be paid off by end of year) + +Assets: + +* Cash: $55k (checking, savings, incl emergency fund) +* 401k: $140k +* Roth: $3600 (originally just a rollover, recently converted to a Roth with index funds) +* HSA: $3800 + +Company gives 4%, matches up to 4%, and I contribute 10% to my 401k (so 10% me, 8% company contributions). $140 per month goes into HSA, with minimal health expenses (deductible fully funded) + +As of right now, money accumulates in my checking account. My bonus has gone to savings to build it up, which has been accomplished. + +Basically, what next? Should I work on maxing out the 401k or the Roth (or the HSA)? What about overall saving versus emergency fund? Would the benefit of putting more in the Roth be the ability to withdraw my contributions as needed (not the earnings)? The Roth has nominally lower expense ratios vs the 401 (~0.5% vs 0.1%) + +Basically, I’m a good way through the Prime Directive, just trying to make sure I’m still making good choices. +This really shoulda been posted on Monday, but hey. Title really sums it up. + +I’m 30 ,married, and got my first job with real benefits so to speak of. The thing is, I have no idea what any of it means. It’s got all this stuff on stock options and various health/ life insurance packages with ad&d riders. + +Is there somewhere that translates everything into layman’s terms? Or a service I can call to help me navigate and decide which plan is best for me. Up till now I have just been on State funded health insurance cus I’ve never made enough money to not be. + +I am basically financially illiterate. The only thing I was taught to do in terms of handling money was literally balance a check book. My dad made me do his taxes a couple of times when I was a teenager but I just guessed on all the questions. + + +I’m approx. 30 yo and I have just over $50k in a Roth IRA account. I no longer contribute to this. I have a 401(k) with my current position which I am actively contributing to, and will continue to contribute to. +I’m considering pulling $10k from my Roth to assist with my possible home purchase down payment. My plan is to stay in this property for at least five years but I could see it as a long term option also. +Is this a terrible idea? Should I not touch my Roth account? I appreciate your insights! + +Quick edit to say thank you so much for your thoughts. This is such a big decision and I really do value the varied opinions. What I've really gotten is there is no "right" or "wrong" answer. Thankfully it's not a MUST for me to pull from my Roth, but definitely going to keep the option in mind. Especially if I can quickly contribute back into the Roth, or if I expect the property value to quickly increase. +Hey everyone. So I (24M) am looking into getting a new car. I currently have a Honda Pilot with 230k miles on it and just need to upgrade to a more reliable vehicle as the transmission is on its way out. I’m estimating taking out about a 10K loan in order to purchase a new vehicle. Currently my wife and I are saving for a house in the NoVa area (so not exactly cheap), but are looking to buy a house in the next 5 years or so. She has about 8k left in her vehicle loan and would need to co-sign for me because I am still building my credit (669) and she has excellent credit (753). Currently our combined total salary is about 65k-70k before taxes. Is it a good financial idea to get this loan, which will eventually end up helping my credit but initially will bump my score down as well as my wife’s? Or should I buy a $5000 car outright off Craigslist and have that last a few years? +I found an article on a site called The Money Mix this morning where they surveyed a bunch of the big name bloggers and FIRE enthusiasts about early retirement and financial independence. + +The main topics were FI numbers, maximum age for early retirement, and how much you can work and still be retired. + +Lots of talk about Suze Orman's comments about FIRE and the response of the pf community, too. + +I thought it was an interesting read to see so many different perspectives... + +[https://themoneymix.com/early-retirement/](https://themoneymix.com/early-retirement/) +I don't know where else to go on advice regarding this matter. My family consists of me (24), my sibling (19), stay-at-home mom and dad. My dad made extremely poor decisions involving accumulating tons of credit card debt to build 2 massive houses for passive income. + +Due to costs involved, he'd sold our original house and we rented from place to place. All the while, he'd struggled to pay the rent and our education costs. Eventually we found a new place when I was 16. I managed to get into a prestigious school which cost more than average and I learnt today his relatives paid for my schooling. Fast forward to finishing my master's degree; I find that all the while he'd told me he was doing fine and I should focus on my studies and dreams, he's accrued unimaginable debt. I have my own student loan of 46k to pay which is manageable for me. + +What worries me so is that he's 59 this year, reaching retirement in 6 years by which time my brother would have just finished university. I'm beyond scared to think he has no retirement savings and went into debt while encouraging me and my brother to pursue our dreams. What should I do at this stage? I'm currently waiting to start a well-paying job overseas and have dreamt of doing medicine after my brother's finished uni and gotten a job. But with the way things are now, I'm extremely wary and feel like I might have to give up my career aspirations to take care of the family and the debts. + +TLDR: Dad has a habit of taking monumental debts and making terrible financial decisions while financing our expensive education and hiding reality from us. Should I give up my career aspirations and contribute to the debts? I still don't know exactly how much the debts are either. +This is so embarrassing to say but I've saved up about $25k since this time last year when I got my first post-grad job and it's just been sitting in the savings account I set up when I started working at sixteen. I live with my parents and I have very conservative bills and spending habits so I honestly don't need to see any of that money until I retire (even though it is comforting to see the number in my bank account after struggling to feed myself all throughout college). I know I could be investing it better but a lot of how that works is a complete mystery to me. I know that now would be a great time to invest in the stock market, but I'm too scared of the possibility of losing any money from doing that (although I feel like investing in Lyft or Uber would be a safe choice and all that I'd even consider). So... a high-yield account, I guess? But with what bank? Does it make a difference what bank you go with? Lol I think you can tell I'm a complete rookie so ANY advice would be appreciated, thank you all so much :) +So I got accepted into a Java virtual full-time bootcamp. I have a little over a week to accept the position or not. I'm currently going through the process of deciding if I want to attend or not. One thing I'm looking through is the financial aspect. They provide some resources on their website but I was curious if anyone know of any other resources! + +For what it's worth I live in Florida if there are any state specific financial aid programs, I did a quick search and didn't see anything. My main two ideas would be getting a Private Student Loans, major downside for this is the high interest rates. I did get a master's in an unrelated field so I already have quite a bit of student loan debt. + +The second idea I had was trying to apply for a credit card with an atleast 15k limit that has a 0% interest rate for a year promotion. I've done some research here but not entirely sure the best way to go about this or how feasible this is. But I've seen a few posts from people saying they did this but without any process on how to do this. + +If anyone has any insight I'd greatly appreciate it! +I started at my current position about 3 months ago. When I accepted the offer I was given a rundown of what my duties would be. This position was one of the first hires they made in preparation for the opening of a new location. This new location is over 100 miles away from their next nearest location. + +The first thing to know was that they literally created a new job title specifically for me, so I was expecting it to be an intense job, but my duties have only expanded as the months have gone on. I now report to the managers of 3 different departments. Higher ups only visit my location every other week and not all at once. So every week I'm doing at least some of the tasks of at least one of my superiors. Now don't get me wrong I love this job. It's my favorite job I've ever had, but what I'm doing now and what I was told I would be doing are vastly different. + +I was just told last week that my official job description is being worked on and will be presented to me in the coming weeks. My question is that since this job description is going to be vastly different from what was originally communicated to me when I accept the offer, can I ask for more money? +So my parents own their home outright, through a complicated story. But they sold their old home and purchased this one outright with cash. + +My mother is terrible with money. She buys things she doesn't need (clothes, makeup). She would use credit cards if she was approved for them (has a huge history of deliquency, liens, garnished paychecks etc). Just no concept of money - she gets her paycheck and spends it regardless of medical bills, car payments etc. + +My dad is better but because of my mom things are difficult. + +They have virtually no savings for retirement and are close to 60. Their only asset is the house. My father wants to put the home solely in my name as he is worried it's their only asset and something will happen to it due to my mother. + +I have my own home. I have debt in the form of a car, student loans (2 years left), and my house. Would having him put the house in my name negatively affect me? My credit is great and I'm worried about anything happening to it. Will it affect my taxes? Insurance? Just wondering about the cons of this, I don't want to get myself into any trouble. +For example, having the public sector provide jobs (say with local parks, fire and police departments, childcare facilities, perhaps schools, building social housing etc) for anyone who is unemployed but wants to work for a living wage. +So in the Solow model, technology is treated as separate from physical and human capital. So if technology advances, economic output will increase holding physical and human capital constant. + +However, in my understanding, advancing technology involves developing new types of machines, and teaching the workers in the economy new production techniques. Surely then, advancing technology will inherently involve changing the level of human and physical capital. So how can we treat technology as separate to human and physical capital? +Hey guys! Just curious for your insight on this question, i’m not too knowledgeable on economics in general so I’d like to ask you guys this question. thank you all! +I know some countries like Switzerland have lower PPP, compared to their nominal. But even the advanced nations have higher PPP. Like China, their real estate is insanely over valued, does that not affect their cost of living? Does it mean the USA, is just a lot more expensive to live in compared to all these countries? +I'm in a bit of a predicament here. I changed into an economics major 2 years into school after realizing how interested I am in it. So much so that I want to pursue a Masters in this. The problem is that the rest of my schedule is filled completely with economics, econometrics, game theory etc. and I have no time to take any critical math classes such as linear algebra, or diff equations. I would have taken through calc 2 and a couple statistics classes before graduating. Assuming I want to graduate on time, what are my options here? Auditing classes could teach me the skills I need and show up on my transcript, but will this just look lazy to admissions? Thanks in advance. +Hey r/askeconomics, recently I've felt as though I'm not doing enough to advance my career in Economics, even though I've only recently been accepted into a college of my choice. What opportunities or extra curricular activities did you take advantage of that ended up helping or being useful for you in your careers? +I was reminded by Bogle's death of Sanford Bernstein calling passive investing [worse than marxism](https://www.bloomberg.com/news/articles/2017-10-17/sanford-c-bernstein-compared-passive-to-marxism-now-has-2-etfs). Are meaningful negative effects generated by savings largely going to indexes rather than actively managed funds? What portion of savings going to index funds presents a problem? Is there an "ideal index rate"? +Here's the scenario +Representatives from blue states vote to lower federal income taxes. That should pass easily. Blue states then come together to launch single payer healthcare in their states funded by state taxes (income, sales, property) + +What makes this unfeasible? + +Is it that people will move their taxable income/sales to other states? Or is it that only federal government can take on deficit funding and that's the only practical way to fund something like universal Healthcare? +I'm trying to look information up about whether the Sakoku's economy was efficient or not to answer this, but unfortunately I can't find anything. After that, I can only think of the Sentinel islands, but they're probably way too much of a special case. Also North Korea, but data on poverty is hard to find, so I'm not sure of what to think. This means I can only believe things. What do we actually know? Thanks. + +EDIT: A better way to phrase the question is "efficient compared to open ones". + +EDIT 2: Added two more country examples. +This afternoon I was at a McDonald's in Norway (so, not a country where labor is dirt cheap, even for relatively unqualified jobs), and I was struck by how manual every process is, from cooking the meat to assembling burgers to serving. The fries-making process is particularly baffling. It goes like this: + +1. An employee pours frozen fries in a basket and dunks it in oil +2. After a while, an alarm rings and an employee has to come to manually raise the basket from the oil +3. An employee puts the fries in a bin and salt them with a handheld salt shaker +4. The employee shovels the fries into little bags that are brought to the trays + +It seems like it would be trivial to automate away the second step here (for example by having the basket rise by itself after a set time), and not that hard to have the rest done by a machine either. + +Other industries employing unqualified labor, like groceries stores, have spent considerably more money and effort into automating their checkout lines, for example. Why hasn't the fast food industry followed suit? +This afternoon I was at a McDonald's in Norway (so, not a country where labor is dirt cheap, even for relatively unqualified jobs), and I was struck by how manual every process is, from cooking the meat to assembling burgers to serving. The fries-making process is particularly baffling. It goes like this: + +1. An employee pours frozen fries in a basket and dunks it in oil +2. After a while, an alarm rings and an employee has to come to manually raise the basket from the oil +3. An employee puts the fries in a bin and salt them with a handheld salt shaker +4. The employee shovels the fries into little bags that are brought to the trays + +It seems like it would be trivial to automate away the second step here (for example by having the basket rise by itself after a set time), and not that hard to have the rest done by a machine either. + +Other industries employing unqualified labor, like groceries stores, have spent considerably more money and effort into automating their checkout lines, for example. Why hasn't the fast food industry followed suit? +The argument for patents in pharmaceuticals often goes: without patents, the research and development costs are often too high for anyone to be incentivized enough to pay them. Without patents, other companies will "free ride" on the R&D of the R&D heavy companies. How much has this been studied in the pharmaceutical industry? I'd love a summary of something like "50% of drugs being used today would not exist without patent law." And I'm open to whatever the evidence seems to point to. +One reads about $X billions of losses, many of which are covered by insurance, but of course rebuilding creates a lot of economic activity. And while FL may have had business and industrial losses, that seems less true in CA (unless you're a Malibu YouTube star vlogging from home :). Sorry if asked before; my search chops aren't so hot. +I was wondering why this is the case. Would a countries level of debt and their ability to repay it not make more sense by calculating the debt to national budget metric? If so why is the debt to GDP metric more commonly used? +When the Chinese government wants to take over say for example an Australian mine they can just print the money to buy it. All Chinese companies are ultimately under state control so it doesn't look like a government takeover. It's not going to cause rampant inflation because the money doesn't end up in China. They just end up with a bigger economy and Australia smaller. +I understand the Canadian dollar is currently worth $0.76 of $1 USD, but why do we pay for for products after adjusting for the difference? I was looking at a product from IKEA that was $15 USD, but after looking at the Canadian site, it was $25 CAD, rather than the $19.71 CAD that it should’ve been. Why couldn’t it just be $20 CAD? +Looking for a subjective economic view not a politics debate + +I thought they were stunting GDP growth in the SR but would prove to be economically beneficial in the LR? Are these tariffs long over due and needed to even the playing field or are they ill advised? From an economic viewpoint, I’m having a hard time understanding if these are the correct thing to do? +Wouldn't they be able to halt all mining operations, save operational costs, and just sell off their current supply? Why do they keep digging if they don't sell it all? +Not sure if this is an economics or a history question tbh :) + +I've been doing a bit of research around how wages and cost of goods have increased over the last 100 years or so. + +I found this resource here: [https://fraser.stlouisfed.org/title/union-scale-wages-hours-labor-3912/union-scale-wages-hours-labor-may-15-1913-476866?start\_page=79](https://fraser.stlouisfed.org/title/union-scale-wages-hours-labor-3912/union-scale-wages-hours-labor-may-15-1913-476866?start_page=79) + +Which shows hourly wages for various trades in 1913 as set by unions. As an example, lets take a bricklayer in Detroit (p84), where union wages are set at 0.65c per hour. + +According to the Bureau of Labor Statistics CPI calculator ([https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=0.65&year1=191312&year2=202001](https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=0.65&year1=191312&year2=202001)), 0.65c in Jan 1913 is equivalent to $17.11 today. + +Someone earning 0.65 / hour in 1913 and working 48 hours / week (the maximum number of weekly hours as set by the union) is making $1,622.40 / year, which was below the minimum threshold for taxation at the time - according to Wikipedia ([https://en.wikipedia.org/wiki/History\_of\_taxation\_in\_the\_United\_States#16th\_Amendment](https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_States#16th_Amendment)) this person would have paid no tax. The first tax bracket kicked in at $3,000, and was only 1% in any case. + +So essentially our bricklayer in 1913 is taking home $42,706.56 per year after tax... If we reduced this to the standard 40 hour work week that we work today instead, it would be $35,588.80. + +If I check out the average annual bricklayer salary in Detroit today, I get a median annual salary of $46,419 here ([https://www.ziprecruiter.com/Salaries/Bricklayer-Salary-in-Detroit,MI](https://www.ziprecruiter.com/Salaries/Bricklayer-Salary-in-Detroit,MI)). + +According to [https://smartasset.com/taxes/michigan-tax-calculator#HMYpVAmhZZ](https://smartasset.com/taxes/michigan-tax-calculator#HMYpVAmhZZ), I pay a total of $9,249 in income taxes on my $46,419 salary, leaving me with $37,170. I then need to pay a further $781 in sales tax, $240 in fuel tax, and $3781 in property tax, which takes me down to $32,368, meaning my post tax pay after accounting for inflation is more than 10% worse than it would have been in 1913. + +Is this calculation accurate? And if so, wtf? + +There is that oft cited fact that wages have been stagnant since the 1970's or so, but the above would indicate that (at least in some occupations) we've actually gone backwards, and over a MUCH longer time period. + +I'd like to write a blog post about this if it's accurate, but would be really interested if some of the more knowledgable folks on r/AskEconomics could sanity check my data and conclusions. +Hey guys this my first post to this sub reddit! + +I have been wondering about this question for a while now. You see cities like New York, San Fran, Nashville, etc with skyrocketing housing prices over the past few decades. I’m wondering why this occurs, and if zoning laws play a role in prices. + +At first glance it would seem that increased demand would cause an increase in pricing. But an increase in demand should be offset by builders willing to build the homes, apartments, etc necessary to keep up with demand. +Now that bretton woods is long gone, why do governments maintain a gold supply*? I can't imagine the reasons are purely historical, and while gold does have some use for electronics and aerospace, I can't help but feel that the national stockpile is larger than they would ever need. Maybe it is part of foreign reserves? + +*I don't know anything about the smithonian agreement, other than the name, that came after, or anything between that and now. +Hi! I have become curious about economics and financial systems. Never studied them but as I grow it's impossible to ignore the importance of economy and that makes me curious about understanding it a bit better. I have some basic knowledge of economics, but I'm an ignorant with how financial markets work. Is a book you recommend about financial markets for beginners? + +Thanks a lot!! +So I'll provide a little backstory on myself: + +I am a graduating senior that will have an undergraduate degree in public administration. I'm currently a public policy intern at a state capital, and they recently offered me a full-time job out of college as a research analyst. + +Over the past few years, I've become more and more interested in economic science, due to my interest in Government and Politics. The field fascinates me, as a large amount of Public Policy has to do with economic science. I've read Hayek, Sowell, Friedman, as well as other academic papers on various subjects dealing with Economics. + +I'm asking if a masters in the subject would be a good idea, because I have no prior academic experience in the field. I have never taken an econ course as an undergrad, and I am worried that seeking a masters in economics would be overwhelming. I'm taking the time to learn it on my own in the mean-time, however that is different from learning the subject in an academic setting. My end goal if I were to complete a masters in economics is to become a government economist or work within a think tank. So with that being said, any suggestions? + + +With current markets and commodities crashing, and a cyclical recession possibly coming into play; what would it take for a student loan bubble to unfold. + +Was reading some contrarian arguments saying a student loan bubble could not occur because the asset received through the debt is 'higher education' which cannot be sold (can be rented through salar). + +So if possible, what conditions would predicate a student loan crisis? +I hear a lot about how Norway is a successful Economy and how it is booming by each day. Is it because of their economic model or because they luckily have abundance of oil and small population? +I'm basing this on an analysis by the [Center for Global Development working paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3062914). + +I'm not an economist by trade/study, but I know enough to be confused. One thing I have been consistently confused by is why African countries, with burgeoning youth populations, highly populated urban areas, and generally much lower average income than the rest of the world, are not seen as obvious centers for manufacturing and low-skilled industry in the same way that many Asian countries were seen in the 1970's-1990's. + +This report I found pins most of the blame on higher labor costs. However it doesn't do a very good job (for me) of explaining why labor costs are so much higher than other countries where manufacturers have been taking advantage of low labor costs for years. + +Does this mean that wages are comparatively higher than most other countries? This doesn't really make a lot of sense to me given the low value of African currencies and low average income in most African countries. + +Does this mean that African countries come with other structural costs for potential investors that indirectly make labor more expensive? I.e., lack of effective gov't services means there are extra costs to managing a large number of employees? My problem with this explanation is that other countries that once presumably had low-quality infrastructure and services (Bangladesh, Indonesia, China, Pakistan, India, etc.) somehow had large manufacturing industries develop over the last few decades. +Fairly self explanatory. For example, take Coles Supermarkets in Australia. + +Last financial year, they had an after tax income of AU$1.9b (on revenue of $38.9b). I added the full income to their existing expenditure on “employee benefits” (wages, retirement contributions, bonuses etc) which was $4.8b to get a rough estimate of the percentage increase it would cause - 40%. + +I guess the numbers aren’t really the question, except to illustrate that it’s a sizeable increase. Sure, profit has a purpose in a capitalist system. This is just a hypothetical. They (sorry, I don’t know who) say that wage increases which go beyond productivity growth are inflationary. Does this hold true here? + +If so, I would love to hear what people know about how wages can be increased without being inflationary. (Even in general - eg. minimum wages) Is there some sort of percentage limit before which it doesn’t noticeably contribute to inflation? + +Unrelated, but I’m curious about long term wage-productivity divergence. Could you, in theory, consistently increase wages just above productivity growth so that the wage index can “catch up” to the productivity index? I’m talking about a universal increase, such as by a government mechanism. I’m guessing that prices in the market wouldn’t “care” about the long term divergence and any increase now would be inflationary? In that case, it would come back to the previous question. + +**Thanks in advance for your insights!** +Everything I know about this country suggests that they should enter a crisis pretty soon. And that soon was like 10 years ago. + +They are fastest aging society, outpacing Japan. They have the lowest fertility rate of 0.84 as of right now and it's been below 2.0 since mid 80s. + +They have high youth unemployment rate and high elderly poverty rates. + +They have a housing bubble, which keeps growing and was predicted to burst few times already. + +There is a huge wealth gap, not just between people but between companies. There are 5 big corporations who've monopolized the economy, called chaebols: Samsung, Hyundai, LG, SK, Lotte. + +Everything about South Korea keeps screaming trouble, people predict lost decade like in Japan but it is all yet to come and right now SK is enjoying an already strong and yet moderately growing economy. + +Someone please explain to me how this is possible and what are you predictions about it? +With Mankiw stepping down and two new professors taking over the course, does anyone have access to the syllabus? I’m curious to see what they are going to teach. If you have access to it, please post it so we can comment on it +How come most other services are more efficient when run by the private sector (compared to being run by the public sector), but healthcare and education are not? + +Doesn't the profit motive in the private sector force increases in efficiency and help stamp out corruption? If so, how come the private sector can't run education and healthcare as efficiently as the public sector does? +Robert L. Heilbroner's "The Worldly Philosophers" states that "In France there had been entirely too much initiative displayed of late by the weaving industry, and a decree has been promulgated by Colbert [minister of finance for Louis XIV] in 1666 to get away from this dangerous and disruptive tendency. Henceforth the fabrics of Dijon and Selangey are to contain 1,408 threads including selvages [a narrow border often of different or heavier threads], neither more nor less. At Auxerre, Avallon, and two other manufacturing towns, the threads are to number 1,376; at Châtillon, 1,216. Any cloth found to be objectionable is to be pilloried. If it is found three times to be objectionable, the merchant is to be pilloried instead." + +I don't understand this economic theory. What did France have to gain from mandating their fabric economy to this minute degree, besides perhaps quality control? +How exactly does this law align with Colbert's belief in the theory of mercantilism (increasing exports, amassing resources = good for economy, while there should be limited importing and purchases should be domestic)? Basically, why would Colbert ever think these laws to be beneficial to his economy? +One fairly agreed upon concept in economics is the long-run neutrality of money which states that changes in the money supply don't affect real variables in the long-run. I've also learned that what's agreed upon as the main cause of the great depression was that the Fed employed contractionary monetary policy and that the depression ended when the money supply was allowed to expand. + +Now what I'm getting from the long-run neutrality of money is that essentially money is a veil over barter and over the long-run it'll normalize. But the great depression was incredibly long lasting. At some point shouldn't all the real variables have adjusted to the money supply without a need for expansionary monetary policy? Why was money not neutral over such a long period? + +edit: thanks for the answers, seems the issue is in my idea of long-run +My boomer parents say that in the 80s the 70s that health insurance was more accessible and more affordable for even someone who was a busboy or very low wage worker. I'm curious to know what caused the skyrocketing prices of insurance and I guess the cost of the products themselves in the healthcare industry. If there's a book or an article you can recommend please share. I've been told that the price is really started rising in the late 80s in early to mid 90s. +I'm a sophomore in college who is getting B's in my econ classes (85 is the average). I study.....not as hard as I would like, but that's due to a 4 hour commute and family issues. I really love econ and just realized you need a 3.7+ to get into a good grad school. How much will my chances been stymied by my low grades? + +Brutal opinion is welcomed! +[https://www.youtube.com/watch?v=nP95Frc0v4k](https://www.youtube.com/watch?v=nP95Frc0v4k) + +How accurate is his analysis of the Privatisation of the railways and why it failed? Did he miss out any core details or did his bais affect the analysis? Are there any counter-arguments that he didn't address? +I took an introductory microeconomics class in college and I was quite fascinated by it. I've been listening to a few NPR podcasts about economics like Planet Money and Freakonomics and I really enjoy them. What are some books I can read to gain a better understanding of the real "nitty gritty" of economics? I am okay with books which are fairly technical as long as they are cheap or freely available. +Does the [Lucas critique](https://en.wikipedia.org/wiki/Lucas_critique) address the notion that Economics can be regarded as 'hard-science'? Most microeconomics, as far as I know, is concerned with human/individual/managerial/firm behavior, and the most popular branch of economics right now is behavioral economics which is the intersection of psychology and economics it's grown behind the work of Richard Thaler, Kahneman, et al. + + +Ronald Coase was the sociologist/economist who analyzed first the theory of the firm. He wanted to know why did firms exist in the first place, and he postulated the firm is no more than a collection of individuals. Bob Lucas' critique can be found below: + +[https://cdn.discordapp.com/attachments/536880838139183104/654716674305556514/LucasCritique\_1976.pdf](https://cdn.discordapp.com/attachments/536880838139183104/654716674305556514/LucasCritique_1976.pdf) + +And, Paul Romer (2018 Nobel Laureate) comments on the Lucas Critique: + +[https://cdn.discordapp.com/attachments/536880838139183104/654716908096061440/WP-Trouble.pdf](https://cdn.discordapp.com/attachments/536880838139183104/654716908096061440/WP-Trouble.pdf) + +Both articles should be accessible, but there is some math, so trigger warning. What are your thoughts? +Empirically, firms may face increasing, decreasing, or constant returns to scale. Why do these happen, in practice? Decreasing returns especially--I can understand increasing returns (eg large fixed costs and constant marginal cost), but decreasing returns are more of a puzzle -- what's to stop a large firm simply duplicating what works for small firms? + +(I know we can produce models of firms with decreasing returns to scale--eg Cobb-Douglas production functions where the exponents add up to less than 1. But knowing that simplistic models exist with a desired property is not the same as knowing what's going on out in the real world. Can anyone help me figure out some of the latter?) + + +I really don't have any position on an idea like this. A friend and I literally just looked at each other over the weekend and pondered how a tax on known unhealthy consumption choices might work. + +What we wondered, given that there is already cigarette tax, how about raising alcohol tax and adding in taxes for items with no health benefit whatsoever like pure junk food. **The key is that all that money needs to be routed to a single payer healthcare system.** + +This way, people can't opt out of paying more for bad habits that contribute to future poor health outcomes like diabetes and cardiovascular issues. + +I just wanted people with more brain power to talk about the weaknesses or merits of doing something like this. I know it would probably hard to implement, so there's the issues of whether a society could even make this happen. But supposing that we could, what would be the downstream issues too? + + +I read in the news that inflation in the Netherlands is worse than in Germany. How does this work if currencies are the same? +Or do such statements mean something to the effect of "items which are taxed differently across eurozone countries and are affected by the same inflationary forces result in prices that are noticeably different for consumers?" +I really don't have any position on an idea like this. A friend and I literally just looked at each other over the weekend and pondered how a tax on known unhealthy consumption choices might work. + +What we wondered, given that there is already cigarette tax, how about raising alcohol tax and adding in taxes for items with no health benefit whatsoever like pure junk food. **The key is that all that money needs to be routed to a single payer healthcare system.** + +This way, people can't opt out of paying more for bad habits that contribute to future poor health outcomes like diabetes and cardiovascular issues. + +I just wanted people with more brain power to talk about the weaknesses or merits of doing something like this. I know it would probably hard to implement, so there's the issues of whether a society could even make this happen. But supposing that we could, what would be the downstream issues too? + + +I got thinking about this the other day when I was pondering one of the current dilemmas of our day and age. I figured plantations having the option to buy free labour with only maintenance costs instead of paying low/middle workers is similar to the automation that has been replacing certain jobs today. + +My main though with this was to find some information on how that was dealt with at the time, which could give insight into today's world. + +However, one of my concerns was that the maintenance costs of owning slaves is certainly many times higher than that of machinery, which could skew potential information. + +Any thoughts or information? +I was looking at $BRY this morning, and their allegedly live Price Data Feeds, and they haven't been updated since the website and oracle network has launched. + +This makes me think that the whole berry oracle network is fake, so I did some more digging. Nobody in their telegram knows how to use the Berry program to provide data, and nobody seems to be successfully running it. Apparently a tutorial is coming later this week? + +When I checked this morning, about 10 hours ago, the prices were $59836.49 for BTC, $1871.81 for ETH, $225.33 for LTC, $0.45 for XRP and $280.92 for BNB. + +(Edit: Looks like about half an hour later they manually made an update. Hasn't changed since tho.) + +Check for yourself: [https://berrydata.co/#/data-feed](https://berrydata.co/#/data-feed) + +If anyone develops on this it could be catastrophic using data that's about a day old. + +This makes me think more and more that berry is a scam, potential HUGE rugpull on BSC. +I'm an in a situation where I only need to spend a few hundred dollars a month. My Grandmother once told me that you don't become rich by making money, you be come rich by not spending money. Unfortunately, I have less willpower than most people but I am blessed with the ability to realize my flaws. Now my question to you: How can I take the money I earn and make it so I cannot touch it? +Edit : spelling errors . title PLANNING not planing. Sorry i rushed this while on the com-pooter chair If ya know what i mean. + +Edit 2: lots of little errors I’m realizing now. I used talk to text so some words aren’t correct. But you get the pic + +The shorts desperately need to devalue the company to create selling pressure to help their position unwind and get out of the hell whole pile of dog shit position they are in. + +Because of this it’s well known that new sources in the media spin things to turn in their favor to drive results they want. + +GameStop hasn’t even announced anything and there are already articles out about how this NFT platform is already dead on arrival and failed. + +They are so quick to jump the gun and completely derail a statement that GameStop hasn’t even made yet they are literally creating articles just to debunk them. + +It’s just hilarious because we’re not boomers getting scammed by fake emails. We can see right through it and so can GameStop. They can’t make fake catalysts announcements just to drop the stock next day and claim it’s already failed lmayo! + +Without getting all crazy in conspiracies, +Simply put : RC KNOWS AS SOON AS THERE IS NEWS ABOUT GAMESTOPS PLAN, THE CLOCK IS TICKING AND THE PRESS WILL DO EVERYTHING IN ITS POWER TO DESTROY IT. + +This is clear proof of what they knew was coming and which is why everyone needs to give them a break on earnings calls and not talking much. They have snakes in the garden waiting to attack. + +“Judge us by our actions, not by our words” GMERICA !!!!! + +Happy ftd on ftd on etf ftd on leap expiry on quarterly expiry month!!! If shorts were any more exposed than this week! Long dated ATM options are the Achilles heel! Cheers +I've seen a few comments recently about people saying not to invest in a stock because the total outstanding shares are too high, but that's only looking at part of the picture. FLOAT is what moves the stock price, not outstanding shares. + +There are three types of shares you need to understand: + +Authorized shares are the maximum number of shares that the company can issue. This does not mean every single share *will* be issued, it's just the maximum number that *can* be issued. + +Outstanding shares are the total number of shares that have been issued, which are comprised of restricted and free trading. This number is important for determining market cap and other financial measures such as EPS. + +Float is the actual number of shares available to trade. This is calculated by subtracting the restricted shares, treasury shares, and insider shares from the outstanding shares count. Many times the float is much lower than the outstanding shares count. + +Obviously the number of outstanding shares is important in fundamental analysis, but it's the float you should pay closer attention to as it directly affects how the stock price moves. +[Economic Growth and Income Inequality](http://www.aeaweb.org/aer/top20/45.1.1-28.pdf) + +**Summary**: + +> Data from developing economies indicate that the earlier phases of economic +development tend to be characterized by increasing income inequality, as those +engaged in the small but growing modern sector of the economy pull away from +those still left in agriculture and other subsistence activities. The degree of inequality reaches a peak, however, and then diminishes with further development, as the +modern sector comes to dominate the economy and perhaps more so if it creates +room for redistributive activity. The resulting “Kuznets curve” has been the subject +of much empirical research and discussion within development economics. +Welcome to the open discussion thread. + +This thread is reserved for open discussion or questions on research and news on economics. + +Please discuss openly concerning research, news, theory, specific questions, et cetera. + +Enjoy! +Welcome to the open discussion thread. + +This thread is reserved for open discussion or questions on research and news on economics. + +Please discuss openly concerning research, news, theory, specific questions, et cetera. + +Enjoy! +Is anyone else buying China tech lately and especially today? + +I think the market is greatly over-discounting the risk on names like BABA, JD, TCEHY and others. And today it seemed to turn from concern to sheer panic. I felt pretty good taking the other side on this. + +Take BABA and AMZN which are pretty comparable companies. But BABA is trading at 22 PE while AMZN is at 70. If you consider the underlying businesses fairly comparable, then the market is pricing in a risk discount of 60-70% in that case!! + +It's fine and necessary to discount China stocks for their many fraud / regulatory / govt / VIE structure risks. But the chance that a given Chinese company goes to $0 due to this is much less than 60-70%, especially the mega cap tech companies that are tightly ingrained with the govt and too big and visible in China to be actual frauds. + +With this current selloff the prices are hitting a point where I'm a buyer. I bought today and targeting up to 10% of my holdings toward the China tech sector. Namely BABA, TCEHY, JD, FUTU, HUYA. +Cardano haters seem to be running out of ammunition. For context, the FUD has been extremely bad at times, and without justification. + +However with every planned and well executed technical upgrade of the Cardano project, a little more of the Cardano haters arsenal has evaporated. + +It seems the only thing they have, to try and steer new users away from Cardano is some attacks on Charles Hoskinson. While this could have some impact for the school-yard oriented mindset, any savvy person, who knows whats-what isn't going to pay it much attention. A decentralized block-chain project is not one person, and Cardano is mighty decentralized. + +So Im calling it, Cardano-haters have failed, the project goes from strength to strength, and the noise from the edges will continue to quieten. +I feel so embarrassed. We’ve cut everything that isn’t a necessity. No tv services, have a prepaid phone we share, and no internet. I go to the public library to use WiFi and rent dvds for my kids. We have a 23 year old vehicle that will die soon and no way to replace it. We have had an extremely hard year and are trying to rebuild after a repo and foreclosure. I thought I’d apply for food assistance to stay afloat. I just did my phone interview with the office and it just felt so humiliating. I know the lady does this for a living but I just kept trying not to cry. I’m pregnant and everything is just draining me. If I’m not stressed out about the money then I’m stressed at how under prepared we are for the baby who will be here at Christmas and trying to make sure our other two don’t realize we are as poor as we are. Trying to budget your way out of poverty sucks and it seems like no one understands. I’ll get off my pity train now just needed to complain to people who get it. +# Elon Musk bought Twitter for one reason and only one reason, + +# TO CREATE ARTIFICIAL INTELLIGENCE!!!! + +Lets take a look at the facts, and as I lay them out, it should become fairly obvious why this will be fucking terrible for all of man kind. Then we will examine the best fiscal path forward. + +* First we already know TESLA is making robots, so it is fairly obvious that the he is aiming for AI technology. + +&#x200B; + +[TESLA ROBOT](https://preview.redd.it/ehsrrlaptcw81.jpg?width=275&format=pjpg&auto=webp&s=718fd6d8e0c54463ef765f4bdbe059773bc18dd7) + +&#x200B; + +* Second- Elon Musk watched the Movie 'Ex Machina' so we can clearly deduce that he knows one of the keys to creating AI is having access to a enormous amount of data(twitter). See the below Script Analysis from Scott Myers for reference. + +" *61–64 Nathan shows Caleb his lab where he makes the AIs. He explains that he managed to crack the problem of creating a convincing face by hacking into all the cameras on peoples’ iPads, phones etc and using that data. He goes on to show a brain, like that inside Ava, made from structural gel that holds its form for memories but shifts for thoughts. The software for the AIs is ‘blue book’ which is Nathan’s (Google-like) search engine company, that tells the AI how people think — thought patterns, impulsivity etc — more than what they are interested in. Nathan says he wanted to show Caleb all this to remind him that Ava is just a computer, a grey box, with no gender.* [SOURCE](https://gointothestory.blcklst.com/script-analysis-ex-machina-part-1-scene-by-scene-breakdown-25ebd7b2777d) + +"Ok.... you are probably thinking "so fucking what?!?" Well wait there is more. Now check out this math I did. + +# $TWTR + $TSLA + Starlink = Terminator + +&#x200B; + +[SKYNET = STARLINK](https://preview.redd.it/7flhx3vfucw81.jpg?width=299&format=pjpg&auto=webp&s=953a47a43f6959e740da23f653a6dfb666a0ba4a) + +&#x200B; + +[STARLINK = SKYNET](https://preview.redd.it/zyseusosucw81.jpg?width=768&format=pjpg&auto=webp&s=7f13a96d1d5fe0aed2a0ac5d4f3ac164c79a0a5e) + +&#x200B; + +The combination of SpaceX(Starlink), TESLA, and TWITTER will lead to the rise of TERMINATORS! Machines designed to eradicate human beings. If you are still not connecting the dots, you are probably fucked anyway, leave this post and go back to facebook. + +For those of you still paying attention let me drop some more knowledge bombs on you and then we can have a serious discussion about what we need to do about this.... + +* It is entirely possible Elon is a Terminator, I mean who the fuck names a kid X Æ A-12 ? I am not going into all the other supporting facts supporting this right now, but it is possible because Terminators time travel. +* Starlink is designed to be a literal net of satellites in the sky a fucking SKYNET(in case you needed some spelling instead of math) +* SpaceX is teaming up with the military just like Starlink does. +* Neuralink (mind control) +* Boring Company (tunneling robots) +* Examine all the Terminator names: They all Start with letters just like Teslas , T-1000 , T-8000 , shit one of them is even called a Series - H, now tell me that does not sound like Tesla! [SOURCE](https://screenrant.com/terminator-movies-machines-every-model/) + +"**The US military is teaming up with Elon Musk's SpaceX to build a rocket capable of delivering weapons around the world at 7,500 mph**. The plans call for a rocket that can carry 80 metric tons of cargo into space and land anywhere in the world in about an hour. " [SOURCE](https://www.businessinsider.com/musks-spacex-partners-us-military-to-deliver-weapons-by-rockets-2020-10) + +"Upon connection to the secure military network, Skynet spread itself further, locking out human operated systems, and quickly took control of every weapon system that it came into contact with. Only then did its creators realize that the virus *was* Skynet. Exactly one hour later, at 6:18 PM, Skynet launched the American nuclear missiles at their target sites across the world. The ensuing nuclear holocaust wiped out three billion human lives in what was to be known as "Judgment Day". [SOURCE](https://terminator.fandom.com/wiki/Skynet) + +* I also asked the smartest person I know [u/VisualMod](http://user/VisualMod) , and he said and I quote: "this was all totally possible and 97.1523486% likely to happen."Fucking boom! Microphone Drop on your face! + +&#x200B; + +![img](f1vcjww6vcw81 "\"This is all totally possible and 97.1523486% likely to happen.\" ----u/VisualMod +") + +&#x200B; + +So there you have it, we are all fucked now, all thanks to Elon Musk who is 97.1523486% likely to be a Terminator. So what do we do? Nothing in the short term, depending on how the secret time traveling wars play out, we could be a decade or more from actual Judgment Day. There is also a 2.8476514% chance that this will not happen and Elon is not a Terminator, so if you play FDs you are used to worse odds and should probably just fuck off as per usual. + +I am going to stay in the market until I see certain signs: + +* When TESLA Robots Division reaches 3 Million deliverables per year +* Serious AI integration between Twitter and the US military emerges +* US Military Begins Purchase of Autonomous TESLA Tanks +* SpaceX merger with LockHeed Martin + +If you see any of these things happening, go cash gang asap and head for a bunker in the hills, after the fallout maybe you can join the resistance and help bringdown Starlink. + +\*\*\*\*this is not financial advice, this is the fate of humanity\*\*\*\* + +Positions: I am definitely not telling any of you quacks the coordinates of my bunker. +Still have $28k in school/car debt, but am on track to be out in 2 years. Currently living pretty cheaply and putting all extra money towards debt. + +Edit: The two year debt figure is based on paying $1200/ month at the $60k salary. Will increase as the paychecks do. +https://www.cnbc.com/2020/07/06/uber-postmates-deal-shouldnt-distract-from-ride-sharing-troubles.html + +Nothing Uber does in food delivery can conceal a critical quandary facing the company — Covid-19 is wreaking havoc on its core business. + +On Monday, Uber announced that it's buying Postmates for $2.65 billion, weeks after failing to acquire larger rival GrubHub, which opted to take a bid from Europe's Just Eat Takeaway. Uber said the Postmates deal will bolster its Uber Eats delivery unit, bringing in key markets like Los Angeles, Phoenix and Las Vegas and 10 million active customers. + +With more consumers ordering food to their homes to avoid potential exposure to the coronavirus, Uber is tapping into a growing market where it already has a large presence. The problem for Uber is that those people are staying home, meaning they're not taking rides to restaurants, bars, parties, concerts or to work. Even as the meal delivery business grew in the first quarter and the rides business declined, Eats still accounted for less than one-third of total gross bookings and rides made up 69%. + +And with coronavirus cases growing in 36 states and hotspots like Texas and Florida tightening their restrictions on businesses and residents, Uber investors have reason for skepticism, particularly because so many companies have said they won't be reopening their offices for the rest of the year. In a report last week, BTIG estimated that about 25% of Uber's bookings for rides came from commuters. + +"Our take is that the Street under-estimated exposure to commute rides and the fact that workers in key markets aren't coming back anytime soon," wrote BTIG's Jake Fuller, who still recommends buying the stock.  + +Initially, investors seem happy with the Postmates deal. Uber's stock rose 6% on Monday to $32.52 and is up 9.1% for the year, while the S&P 500 is down slightly in 2020. Uber said the combination will lead to more than $200 million in "run-rate synergies" within a year of close, a positive sign for Fuller and other analysts. + + + +Uber shares this year + +CNBC + +Michael Graham, an analyst at Canaccord Genuity, said in a report on Monday that the deal means 98% of the food delivery market in the U.S. will be controlled by Uber, GrubHub and privately held DoorDash. Graham is bullish because of "Covid-19 related tailwinds" and the "complementary geographic mix." + +Uber CEO Dara Khosrowshahi said in a call with investors after the transaction was announced that the rides business has bounced back a bit of late. After falling 75% in the second quarter from a year earlier, it's now at less than a 60% decline from the prior year. Some countries are even seeing growth, he said. Meanwhile, Eats' bookings more than doubled in the second quarter, and Postmates' grew 67%, Uber said in its presentation. + +"We're in the unique position of having the Eats business to significantly offset headwinds in our rides business," Khosrowshahi said. + +It's far from a total offset, however. Twice in May, Uber announced jobs cuts of at least 3,000 employees, leaving it with about 20,000, according to the latest available headcount figures. The company also said it would be shutting or consolidating 45 offices. + +Difficult projections + +Additionally, Uber faces a lawsuit from California Attorney General Xavier Becerra, who alleged in May that Uber and ride-sharing rival Lyft have misclassified their drivers as contractors, violating a state law that went into effect this year. City attorneys from San Francisco, Los Angeles and San Diego joined Becerra in the lawsuit, which claims that the companies denied workers the right to overtime pay, disability insurance and other benefits.  + +Postmates, which says on its website that it has more than 1,000 employees, wasn't exactly thriving before the coronavirus struck. The company laid off dozens of employees in December and closed its office in Mexico City. It had plans to go public, but was forced to reconsider after seeing investor response to Uber and Lyft and the near collapse of WeWork. + +Uber expects the deal to close in the first quarter of next year. The company scrapped its guidance for this year in April, but analysts are projecting an 8% drop in revenue to just over $13 billion, according to Refinitiv. While analysts anticipate a reacceleration in 2021, that's based on the assumptions that food delivery will continue to grow and that rides will also pick back up. Given the trajectory of the coronavirus in the U.S., that's a pretty optimistic assumption. + +An Uber spokesperson declined to comment +Hi, +I've heard many people say that they first practiced investing in the stock market with virtual money (ie pretend money) for a few months to see how they would do if they did it for real. + +So I was just wondering if anyone here knows any websites that would allow me to do this? +He has the bank statement showing that the $1000+ check was withdrawn from his account around 2 months ago. They consistently call asking for him to make this deliquint payment. He has sent them this proof of withdrawal to no avail. He's refused to make any future payments until they resolve this. What are his options? + +Edit/update: I spoke with my dad. I had the wrong information. He does still make on time payments and has since the issue. Because of this unfortunate mishap he ended up paying for June twice (once with the check they "never received" but was cleared on his account, and once to satisfy their calls for the "missed" payment. + +He mails his checks at the post office in the blue recepticals. I realize this isn't the best way anymore and am getting him set up with autopay. + +I appreciate everyone's guidance on resolving this issue! +His main segment is on Money and the financial industry (managed funds vs. index funds, retirement planning etc). I already know everything hes saying thanks to this sub, but its awesome that hes making this info available to everyone watching in a format that theyll actually pay attention too. Gives me hope. +Good morning folks! A couple of articles to share today. The first one talks about how you need to be careful when choosing an index fund provider as you could be stuck with a pile of capital gains if they don't have enough incoming money to cash out investors. The tax hit if you were holding in taxable would be obnoxious. + +The second article is about Vanguard's shareholder meeting (did anybody here go?) in Scottsdale yesterday. They have **$4.8 TRILLION** in assets now and are piling up money. I thought the two articles went hand in hand as Vanguard simply pays people redeeming out of their inflow for the most part. + +**The Rot That Lies Beneath Some Index Funds** +Index funds are supposed to meet expectations almost exactly — but once in awhile they can hand investors an unpleasant surprise. + +These mutual funds and exchange-traded funds passively track the performance of a basket of stocks, bonds or other assets. They seek to match the market, not to beat it. After costs and taxes, they should provide returns almost identical to those of the underlying investments they hold. + +Then there is PNC S&P 500 Index Fund. + +Next month, PNC has announced, the fund will pay out $4.19 in capital gains per share. This week, the fund’s per-share value was around $19. So, even if you never sold a share, the fund will pay out nearly 22% of your total investment as a taxable gain. +Unless you own it in a retirement account, you’d owe approximately $325 to $515 in federal tax on a $10,000 holding, depending on your tax bracket. That would put something between 3% and 5% of your investment straight into Uncle Sam’s pocket. (To be fair, you would owe proportionately less in future taxes if you sell down the road.) + +So, even though the PNC index fund has come within a third of a percentage point of matching the S&P 500’s 17.4% return so far this year, its investors will fall badly behind the market after they pay their taxes. + +How can that happen? + +In general, when investors exit a fund, it may cash out of some of its holdings, potentially generating a taxable gain that must be paid out to the remaining shareholders. + +In recent years, at least, more investors have wanted to buy index funds than sell, tending to make such portfolios unusually tax-efficient. Vanguard 500 Index Fund hasn’t paid out a capital gain since December, 1999, according to Morningstar; State Street Institutional S&P 500 Index Fund hasn’t paid one since December, 2000. + +A spokesman for PNC Funds declined to comment. + +However, investors withdrew $63 million from the fund, or 38% of its assets, over the 12 months through Sept. 30, Morningstar estimates. + +The manager of an index fund doesn’t have much flexibility on which shares to sell when investors want their money back, says Mark Wilson, president of Mile Wealth Management in Irvine, Calif., whose website CapGainsValet.com warns about taxable payouts. + +That’s because such a portfolio needs to hold stocks in similar proportions to the index it’s seeking to match. So the manager can’t always sell selected holdings at a loss that would offset gains elsewhere. Instead, he or she has to sell pretty much across the board, which can generate unwanted capital gains. + +Launched in early 2000, the $125 million PNC fund tries to match the market, before expenses. +Its prospectus explains that the fund manager may use futures contracts on the index, or various exchange-traded vehicles, “in addition to, or in place of,” the stocks in the S&P 500. + +Over the past 10 years, the fund has trailed the S&P 500 by 0.29 percentage points, or a bit less than its average expenses over the period. So it has come close — but only before tax. PNC S&P 500 Index Fund’s 7.2% average annual return over the past decade shrivels to 6.2% after tax, estimates Morningstar. + +PNC isn’t the only index fund that doesn’t always behave like its underlying investments. Rydex S&P 500 Fund is a $256 million portfolio that seeks to match the market with swaps, options, futures contracts and other indirect techniques, in addition to the stocks themselves. + +So Rydex S&P 500 turns its portfolio over at an annualized rate of 133%, implying that it holds its average investment for, at most, nine months at a time. Most S&P 500 index funds have turnover rates of 5% or less, equivalent to an average holding period of at least 20 years. + +The Rydex fund costs between 1.6% and 2.3% annually, the most of any S&P 500 index fund, according to Morningstar. But it tends to underperform the market by a margin even slightly wider than its already distended expenses. In 2016, for instance, it lagged the market by nearly 0.4 percentage points more than its expenses. Extra trading costs money. +Ivy McLemore, a spokesman for Guggenheim Investments, which offers the Rydex funds, says the fund is used by — and most suitable for — short-term traders. It “has performed in line with expectations,” given its expenses, he says. +The word “index” is related to the Latin word for forefinger. Index funds are meant to be indicators. If you own one, it should passively track the performance of a broad basket of stocks, bonds or other assets — and its own returns should indicate, almost exactly, how the underlying investments performed. + +If they don’t, something is wrong. + +Source: The Wall Street Journal, http://on.wsj.com/2iLkbBf + +http://jasonzweig.com/the-rot-that-lies-beneath-some-index-funds/ + + +**Vanguard’s 2017 Prediction: A Record $350 Billion In New Cash** + +*Vanguard benefiting from shift away from money managers who specialize in handpicking winners* + +SCOTTSDALE, Ariz.—Vanguard Group quadrupled in size over the last eight years. It is about to get even bigger. + +The money management giant is on pace to collect a record one-year total of about $350 billion in investor cash by the end of 2017, Chief Executive F. William McNabb III said in an interview Wednesday following a shareholder meeting in Scottsdale, Ariz. That estimate hasn’t previously been disclosed. + +“It’s an extraordinary number,” Mr. McNabb said of money flowing into the firm. + +The expected haul, which would exceed Vanguard’s prior record by $27 billion, reinforces an industrywide shift away from money managers who specialize in handpicking winners. + +Vanguard has become one of the main beneficiaries of the growing preference by investors for lower-cost, so-called passive funds, which track the performance of indexes. It pioneered the index fund for retail investors 40 years ago. + +Vanguard’s outsize heft was a topic of discussion at its Scottsdale meeting Wednesday, the first firmwide gathering for shareholders since 2009. One Vanguard Group shareholder marveled at the wave of new investor cash the money manager has attracted in recent years and asked executives if they are taking any precautions to make sure that success doesn’t go to their heads. + +“It is probably the thing we worry most about at Vanguard,” Mr. McNabb told the shareholder. “That success can breed complacency.” + +The last time shareholders came together for a firmwide meeting Vanguard’s assets under management were $1.1 trillion and money going into its passively managed funds accounted for about 78% of total net inflows during 2009. + +Now its assets are $4.8 trillion and passively managed funds accounted for 91% of inflows through the first 10 months of this year. Net flows into Vanguard funds so far this year accounted for about 51% of total net flows into all U.S. mutual funds and exchange-traded funds, according to Morningstar Inc. + +“We’re a very different company than we were 10 years ago,” Mr. McNabb said in the interview. + +Some customers have complained of longer call wait times while Vanguard’s assets ballooned. Mr. McNabb said Wednesday the company has added 1,200 customer service staff members to a 5,000-person team in the last year. The firm’s processing backlog is down and wait times are shorter, according to Mr. McNabb. + +“We just didn’t see the continued cash flow” that Vanguard eventually received, he said. + +Shareholders in most funds approved six management proposals Wednesday, the company said, including the election of trustees and permission to hire or fire internal managers for the majority of the company’s 195 funds. The proxy vote was the largest ever by a mutual-fund firm, Mr. McNabb told shareholders. + +Vanguard reserved a large beige-walled conference room at a Doubletree Resort that was divided by a collapsible wall. The first room had about 300 chairs and a second had additional rows of seating, should more clients than expected attend. It turns out the extra room wasn’t needed, as 205 shareholders showed up. + +Customers made their way gradually to seats and filed one-by-one to microphones on either side of the conference room to ask questions. Executives answered from wooden chairs on a stage with a curtain behind them lighted with red light. + +Retired insurance industry executive Robert Hestekind, 78, arrived from Northeast Mesa, Ariz., to learn more about the proposals for which the money manager sought shareholder approval and get a glimpse of Vanguard’s founder. + +“I was hoping maybe we’d get to see Jack Bogle, ” he said. “He’s as big as Warren Buffett in my estimation.” + +But Mr. Bogle, 88, who founded Vanguard in 1975, wasn’t in attendance at Vanguard’s meeting. Mr. Bogle received an ovation at this year’s Berkshire Hathaway annual meeting, where Berkshire Chief Warren Buffett said the Vanguard founder “has probably done more for the American investor than any man in the country.” + +One Vanguard Group shareholder asked executives on stage at the meeting if the company’s mutual structure might change. Mr. McNabb’s reply: “The short answer is no.” + +Mortimer J. “Tim” Buckley, who is set to succeed Mr. McNabb in January, chimed in, too. “I’ll second that,” Mr. Buckley said. + +Mr. McNabb said the structure, in which the firm is owned by its fund shareholders, is “the single biggest source of our distinct advantage.” He credited Mr. Bogle for setting up the company that way. + +Tom Kenney, a retiree who lives near Phoenix and used to work in advertising, came to the meeting to hear Vanguard’s view of financial markets. “It’s been going up and up and up,” Mr. Kenney said of markets, wondering when it might start to go “down, down, down.” + +Source: https://www.wsj.com/articles/vanguards-2017-prediction-a-record-350-billion-in-new-cash-1510781259 + +Archive Source: http://archive.is/bH55G + +As a 23 year old college student, the way I think, the way I spend, the way I plan for the future, has ALL changed for the better from crypto. + +My crypto journey started in January 2021, when I bought $20 of Bitcoin. Ended up FOMOing my entire savings in BTC around late April of last year without knowing much about cryptocurrency, other than the fact that it was making other people rich. I wanted in. And then BTC crashed to 30k. + +Luckily, instead of saying “fuck this I’m out” I did my research during that semi-bearish time, became more enlightened about the world of finance and since then I’ve never stopped buying. All the way up to the ATH and all the way back down. + +I may be down now in my crypto investment, but getting into crypto has taught me how to save, how to not make unnecessary purchases, I’ve learned SO much about the stock market, charts, and economics in general all stemming from my interest in Crypto. + +Before getting into crypto, I had no plans of investing money for the future. My only plan was to save everything in a bank savings account. Before crypto, I paid no attention to inflation problems, paid no attention to the direction of the economy, and didn’t pay much attention to my financial future(besides studying for becoming a civil engineer) + +Even if I never find financial freedom through cryptocurrency, I will always be thankful for the impact it has made on my life! +If someone comes a long and says “I invested $10k in (whatever coin)”, that may sound like someone really believes in that coin, but that may also be a very insignificant amount of money to them. I want to know what kind of risk people are taking. How much does this money mean to you? I think people are lost in dollar amounts. I see people here asking all the time “Is it worth buying $100 of Bitcoin?” I have no idea. What is $100 worth to you? If you believe BTC will double and $100 is your net worth, than you’re going to double your net worth. + +How much you spend on a particular coin is largely irrelevant. You need to be focused on what percentage of your income that risk represents. That’s how you factor risk. Comparing your dollars to someone else can be completely meaningless if their net worth is drastically different than yours. I think it would be great if more people were saying “I invested 5% of my monthly income into X”. That’s much more of an indication of how they really feel about it. +Please excuse my poor English. But I know you will get what I try to express. + +So one of the friends named HTCFOX just released his analysis of leaked MT database. +https://www.dropbox.com/s/i8gx1tutrww9ydx/9CX5%25ZL9X%28922Z7~%251OV8%7BM.jpg +He points out the following things which I think every victim of MTGOX should care with: + +1. On May 19th 2011, MT.GOX’s parent company Tibanne registered a company in HONKONG, No. is 1603550. That company in HONKONG seems to have done nothing but in the leaked database a user ID TIBANNE_LIMITED_HK is created. This user is recorded first on Aug. 27th 2011 and it seems to own a quite high privilege. To be specific, the analysis by HTCFOX shows that it can trade without any processing fee. This user traded totally 2.8M BTC and 350M USD till the shutdown of MT.GOX. Especially, HTCFOX figured out that the initial trade by that user happened at Aug 27th 2011 7:48. It bought 1BTC with USD and then at the same time it sold 1 BTC to JPY. All the two trades had no processing fee. HTCFOX calls everybody to share the speculation from this result. + +2. The privilege user, TIBANNE_LIMITED_HK operated in the same way till 2013. From March 2013 the name of that user has been changed to THK. The most suspicious part is, from March 2013, which was thought to be the start of 2013’s Bitcoin bullish, this user only did SELL… Though no much deeper analysis, HTCFOX simply doubts MT.GOX did some bad insider trade and lost quite a lot of BTC/FIAT. + +If the leaked database is consistent, including HTCFOX, I think everyone got goxxed should feel very sick with it. +I wrote this and thought that this may be a good place to share some insight onto the wheel strategy, which has gained popularity over the past few months. Enjoy! + +[**article link**](https://medium.com/@ProjectTheta/how-to-use-the-options-wheel-strategy-5013c9938f4b) + +For those who are delving into the world of options, you may have heard about a **strategy** called the **Options Wheel.** The wheel is a great strategy for generating semi-**passive income** with a **lower risk** than many other strategies. What really shines in the options wheel is the **consistency** and **scalability** which can both benefit small and large accounts alike. + +## Account Size + +When trading options, always remember that the market will always be a game of chance. No matter how much time you put into research, the market will always remain unpredictable, and therefore it is important to **only start with what you are willing to lose**. Make a wise financial decision, and do not put all of your investing money into the wheel. + +* A good balance of investing would be **60% in index funds, and the remaining 40% or less into the wheel strategy.** + +>That being said, the amount of money required to start the wheel strategy is at least **$2500** + +Having $2500 in your account ensures that you will be able to trade contracts on stocks or etfs which are above $20, which have significantly better risk-to-reward compared to penny stocks. + +Now that we have finished with the formalities, lets get into turning the wheel. + +# Step 1: Pick a Stock + +The stock you pick for your wheel is extremely correlated to the performance of your account. + +>*Only pick a stock that your are bullish on, or think will rise in the long termOnly pick a stock that you can afford. Your account value must be 100x greater than the price of the stock.* + +**For example, some stocks that I like to use for the wheels strategy are:** + +* TNA (an ETF) +* AMD +* INTC +* SPY (another ETF) + +You get the picture. I believe that these stocks will grow in the long term, so they are fair game for the wheel strategy + +* Assuming that SPY trades for $300, I will need 30k freed up in my account to run the wheel on it. + +OK, now it is your turn to pick a stock or etf. Got it? Great, lets move on! + +# Step 2: Sell a Cash Covered Put + +Getting into the wording for all strategies can get confusing, so lets break it down into digestible chunks. + +**Cash Secured** = We have the money to buy the shares if assigned**Selling a Put** = We write a contract that someone else buys. When they buy the contract, we agree to buy 100 shares of a stock that we choose, in the case that the stock falls under a strike price that we determine. In return, the buyer of the contract pays us a “premium”, which is just money in return for the contract.**Contract** = A contract that is either bought or sold. **each contract references to 100 Shares** < + +Here is an example of a put that we sold — SPY 7/2 $290 Put 1.50p + +In this put we agree to buy 100 shares of SPY if SPY drops down below $290. Because our price of SPY right now is $300, our contract will need $30,000 of collateral, because the contract references 100 shares. The person who buys our put has until 7/2 for their contract, and after that, if it has not dropped below $290, then it will expire worthless and we can go into another put. + +## But Here is where the magic happens: + +The person who bought our put paid us a premium, which in the above example is $1.50. In reality, that is $150 because our contract is for 100 shares. If the contract expires worthless, then we can keep the $150 as pure profit, and **this is where we make our money**. + +Theoretically, we can make this money forever, by repeating these steps of selling a contract, expiring worthless, keeping premium, and selling another one. + +However, if we want to make the most money, we have to find a good balance between premium and strike price + +It is up to your risk tolerance to choose when you want to increase your premium or lower your strike price. Generally: + +>A lower strike price will result in lower risk, but lower premium.A higher strike price will result in higher risk, but higher premium. + +It is up to you to find that boundary, but generally, if you want an option to be worth your time, **your premium should be at least 1% of the stocks price.** Taking premiums lower is considered a waste of time, and will not generate significant profits. Finding your tolerance is important. + +# Step 3: Repeat until assigned + +Did the put that you sold expire worthless? Great job, you just netted **all the premium** from that contract as **profits**. But what next?Although not as of an exciting answer, just sell another put, maybe **upping your strike price, or lowering** depending on how you felt about the last one. Continue to do this until the contract that you sold expires in the money, or the price of the stock finally reaches below your strike price, and the person assigns. + +# Step 4: Sell a Covered Call + +The put that you sold just expired ITM (in the money)! The person who bought your contract has decided to assign, and you are forced to buy 100 shares of that stock. + +The world is not over, but take that as a learning experience. Maybe you still made profits with the premium, but maybe you didn’t? Did you take too much of a risk? All of these are questions that you should ask yourself to evaluate how you can make your next play better. Anyways: + +## You are stuck with 100 shares of a stock, what to do next? + +This is where finding the right stock pays off. You are bullish on the stock, so holding it for a few weeks or months should be fine. + +However, this is where the option wheel turns, and you capitalize on your 100 shares. + +**Lets first break down what a covered call is:** + +**Covered** = You have 100 shares of the company.**Selling a Call** = We write a contract that someone else buys. When they buy the contract, we agree to sell 100 shares of a stock that we own, in the case that the stock goes above a strike price that we determine. In return, the buyer of the contract pays us a “premium”, which is just money in return for the contract.**Contract** = A contract that is either bought or sold. **each contract references to 100 Shares** < + +Here is an example of a covered call that we sold — SPY 7/22 $320 Call 1.85p + +In this call we agree to sell 100 shares of SPY, by or before July 22, in the case that SPY’s price rises above $320 and the buyer of the call decided to exercise the contract. In return for this opportunity, we get paid $1.85 per share of SPY, which is actually $185, because the contract references 100 shares. + +# Step 5: “Turn the Wheel!” + +\*\*Now it is easy to see the power that the wheel strategy has!\*\*You can keep pocketing this premium every time one of your contracts expire worthless, and build this up into a large account! Congratulations, you just spun the options wheel strategy. Time to reset to Step 1, or just sell another put on the same stock if your outlook has not changed. + +>*Thanks for reading this article, I hope it gave you insight to try or alter a new strategy. In conclusion, the wheel is a great way to generate passive income by selling options and collecting premium.* + +&#x200B; + +Thanks for reading everyone, the article is available [here if you want to see the full article with pictures.](https://medium.com/@ProjectTheta/how-to-use-the-options-wheel-strategy-5013c9938f4b) + +&#x200B; + +EDIT: I was asked to put this into the article, as an explainer for some confusion: + + + +1. Break even, max profit, and max loss values ONLY APPLY AT EXPIRATION. You can only gain the full premium, or reach your max loss potential if you hold your contracts till expiration. Many people prefer to close out of contracts in a specified amount of time, like 1 month, or 30dte. +2. Max profit comes with max risk and max holding time, so please, CLOSE YOUR POSITIONS BEFORE EXPIRATION. To learn more about this, you can see this article: [Risk to reward ratios change: a reason for early exit (Redtexture)](https://www.reddit.com/r/options/comments/hg8ce9/risk_to_reward_ratio_changes_over_the_life_of_an/). +Even though you probably won't admit it, you are secretly holding thousands of Doge hoping that one day it will hit $1 and make your dreams come true. + +#**What is Dogecoin?** + +Dogecoin was co-founded by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer, who set out to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. + +***Full story and a lot of interesting stuff can be found on the [Wiki page](https://en.wikipedia.org/wiki/Dogecoin)*.** + +In the beginning, there were only 100 Billion Doge, and all of them were mined in just two years. After that, the code was updated and another 5 Billion Doge were to be created every year making Doge a currency with infinite supply somewhere in 2015. As documented by [mainstream media](https://arstechnica.com/information-technology/2014/02/dogecoin-to-allow-annual-inflation-of-5-billion-coins-each-year-forever/), some community members disliked this decision and complained that their investment will go to zero while others supported the unlimited supply because true Doge believers don't care about USD value. With all those new digital assets emerging from nowhere the internet needed a currency and Doge filled that gap. + +#**Why is Dogecoin?** + +If Bitcoin ever goes mainstream you probably won't be able to purchase a whole Bitcoin ever again. Sats would become the standard and value should (in theory) constantly keep going up because network usage will need to keep going up as well. Now imagine that you actually held through hell and back, waited for Bitcoin to hit millions just to lose your private keys however that may happen. No one would be able to recover that capital and you would find it hard to get a new reason to move on. With infinite inflation, things look a bit different. + +Scarcity rewards those that get in early and hold on to that currency until demand increases significantly. Doge, on the other hand, incentivizes spending and transacting making it an actual currency. 5 Billion coins per year do sound like a lot but it makes perfect sense in the long run. For example, if you have 100 coins and add 100 more the next year your inflation rate would be 100% but as time passes that percentage will decrease due to the increase in supply. In 100 years your inflation rate is only 1% and still decreasing. To put it simply, Bitcoin is an asset that is expected to have an increase in demand within the next few years or decades while Dogecoin is a currency that aims to provide fast, easy, and cheap value transfers in everyday transactions. If Bitcoin is used to store value, Dogecoin is a tool to quickly and cheaply transfer that value. + +#**How is Dogecoin?** + +Dogecoin was created as a fork of Litecoin and is also [secured by miners](https://www.coinwarz.com/mining/dogecoin/hashrate-chart). It has a much faster block time than LTC of just 1 minute, which made Dogecoin one of the fastest and cheapest currencies to transact with back in the "old days". It recently spiked in popularity thanks to Elon Musk and TikTok but if you actually follow the [Dogecoin subreddit](https://np.reddit.com/r/dogecoin/) you will notice that they don't care much about your price speculation. As long as 1 Doge = 1 Doge no one is complaining. In terms of development, there hasn't been a single major update since 2015 but we did make it to [NASCAR](https://www.theguardian.com/technology/2014/mar/27/nascar-dogecoin-sponsor-josh-wise-talladega-superspeedway). As far as network usage goes, Dogecoin [averages](https://bitinfocharts.com/dogecoin/) about 1.3k per hour compared to 14k on the Bitcoin network. + +So how is Dogecoin? Same as usual I guess. +I need to increase my income. Changing jobs isn’t an option because I won’t earn close to why I am earning and it’s tough to get a promotion at my place. I was thinking of weekend or evening work to earn bit extra. Any suggestions about what I could do and how I could go about getting a job? Maybe delivering stuff, leaflets etc. +Which job would you take assuming this is all the info you had? + +**Job 1** + +&#x200B; + +* $180,000 full-time permanent +* Possibility of WFH in the future +* Have worked there for 3 years, but toxic work environment +* 11 hours a week total on public transport +* Likely to be stable for a few years + +**Job 2** + +&#x200B; + +* $61.50 per hour casual, guaranteed 75 hours a fortnight / (but no holiday or sick pay) – ultimately, this would be $120,000 a year +* Full WFH meaning improved mental health and stamina and no or limited office politics +* Have never worked there before but seems like a great work environment +* Possible career growth opportunities +* Flexible working hours to accommodate a second job (one day a week) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Were you married or have a family at the time? What made you want to relocate outside the US? What was the biggest difficulty? Was it worth it? Where are you now? +I’ve been reading multiple post on fb and in real life of how people who are employed but not working are given $3000 plus a month in unemployment . I know one person personally who get $5k a month and theyre single with no children,While I’m over here struggling making $300 a week on a good day. I know multiple people who are moving and splurging online and it makes irritated that many of us "essentials" are given NO bonuses from the govt. It's like we are being thrown to the side, whats the point of even paying taxes when those who work barely see their contribution in times like this. And please don't mention the stimulus checks, that was given to majority of people regardless of employment status. + +It makes me wish I could have gotten laid off or something because at least I would have some money saved and not living check by check. +Citadel Advisors is the 5th largest holder of SLV! They are trying to get you to run up the price so they can sell and have the cash they need to cover their $GME $AMC $MAC short positions! Don't let them do it! +[https://fintel.io/so/us/slv](https://fintel.io/so/us/slv) + +HOLD STRONG APES! + +CURRENT SHORT VOLUMES +[https://www.marketbeat.com/stocks/NYSE/gme/short-interest/](https://www.marketbeat.com/stocks/NYSE/gme/short-interest/) +[https://www.marketbeat.com/stocks/NYSE/amc/short-interest/](https://www.marketbeat.com/stocks/NYSE/amc/short-interest/) +[https://www.marketbeat.com/stocks/NYSE/mac/short-interest/](https://www.marketbeat.com/stocks/NYSE/mac/short-interest/) + +UPVOTE TO GET EVERYONES AWARENESS BEFORE MARKET OPENS, DO NOT BUY SLV. +An increase from £150 previously. To qualify you need to switch over a current account with 2 active direct debits, must not have received a switch incentive from Nationwide from August 2021. +Just checked out the website for Lingerie Fighting Championship after reading a few posts on here and we have garnered the CEOs attention (see link)lol. I don't know who talked abiut him being a crackhead, but his respomse actually makes me think this stock may be a good investment to hold for a little while. + +https://lingeriefc.com/press-release/a-message-from-lingerie-fighting-championships-ceo-shaun-donnelly/ +The Ministry of Justice here raided exchange to find any tax irregularities and also made a press release saying they are recommending the government ban cryptocurrency exchanges because they consider it gambling. They already tried a less stringent recommendation before, but the Korean Parliament voted it down because of constituent pressure. The reason the Ministry of Justice is doing this again is because so much capital is fleeing the Korean stock market and entering cryptocurrency. + +When Moon Jai-In became president, there was a lot of expectation for the Kospi and Kosdaq to do well even though he is what Koreans would consider a left wing politician. What they did not expect was the atomic bomb of crypto to explode among the youth and wealthy here. The politicians are getting very confusing signals from the public in how to deal with this because the public is very divided on this issue. The crypto market here is 70% made up of 20-30 year olds who believe this is the future. The very wealthy are seeing unbelievable gains even though they have strong ties to the real estate and stock market. Many others see this as a way of gambling and something that must be banned. All this diverging public outcry is leading to the elections this summer... + +In a couple of months, there will be local elections and suddenly politicians find themselves having to take a stance in what is becoming the biggest social, economic issue Korea has faced in a long time. What makes this extremely interesting is that the pressure they feel from the wealthy families here who own the Korean companies is that even though their stocks are suffering, their crypto holdings are far outpacing those losses. Plus the majority of the young vote in Korea is very pro crypto, so they are not sure what stance to take. + +If I had to make an educated guess what do I think will happen? They can try to slow it down, but they will have to accept its reality. Right now there is a ban on people making new accounts on the exchanges that is suppose to be lifted at the end of January, but they may try to extend this ban. Eventually they will lift it because the anger from denying the public access to this market will only grow endangering the politicians' careers who are supporting these types of bans. They cannot stop crypto in Korea. It is an overwhelming wave they cannot shore up. + +I'm posting this quickly at work, so please forgive any formatting errors. I'll gladly respond to questions if you need more detail. + +Last night I got a call from the State Police informing me that my mother was the victim of a Nigerian/Jamaican scam run over the phone and through the postal service. It had been going on for 12-14 months. (I am an adult, F/32, and have lived approx 4 hrs from home for 10 years). Apparently she was led to believe that she won the lottery, but was told by the scammers that she needed to send some money so they could free up funds...or whatever. + +You hear about these all the time, so at first I thought, ok, she lost maybe a few thousand. Live and learn. But no. The State Trooper goes on to say that she sent them money in pre-paid cards to the tune of $194k. and THEN she took out a home equity loan on the home she's owned outright for 20 years, and mailed the scammers another $100k in cash. + +If I hadn't initially screened the call from the State Police and had to go through dispatch to connect with the Trooper, I would have thought the entire thing was an awful joke. + +I'm going home tomorrow to talk to my mother and figure out what the hell is going on. My question for you fine folks is, because I'm absolutely shocked by the scope of this issue- I am pretty scattered right now. I need to cover my bases with her, figure out what money she has, what else might be going on. The $295k is gone, but she's got to live somehow. I am hoping for some advice on things I must remember to ask and points I might not have thought of. + +The case is with the USPS and the FBI now, but the police felt that it was 100% no chance any money would be recovered, and I believe them. My mom is 66 and has a history of being pretty frugal, so the idea of her doing all of this is just wayyyyy out there. I'm going to insist on a medical evaluation- but she does work full time, so I'm not sure that dementia, exactly, is a factor. + +I'll answer questions if you need clarification. Any help would be appreciated. My mind is just reeling. Thanks. + +EDIT: Thank you everyone for your help!! I'm both amazed and sad that so many others have similar stories about their parents or grandparents being scammed, but seeing several people talk about how they eventually got through it has been really reassuring, even if the stories aren't exactly happy ones. I have an action plan for things I need to do and questions I need to ask tomorrow. Thank you so much. +I love my job right now, but I need to make more money. Between student loans, car payments, rent, etc. I can barely afford to eat some weeks. I haven't saved a dime in years. I started driving for Uber to make some additional income, but it just isn't cutting it. I have a strict budget that I stick to, but I'm still just scraping by. I know a lot of you are going to laugh at the sociology degree and respond with something like "what'd you expect," but I really need advice. What jobs should I be looking for with my experience? What can I do to cut costs more? + +Edit: Wow! A lot of really great responses on here. Thank you, everyone. A lot of what I'm seeing is people telling me to find a new job. I'm taking that to heart and I've started the job hunt. I'll keep you guys posted if I find something new. Thanks again! +I thought running (d)apps on a centralized shitcoin should be almost free, but turns out not only do you have to hold millions of dollars of EOS just for CPU usage, you have to buy RAM as well. I was shocked when I did the math: + +1 KB of RAM costs $4.44, so 32 bytes would cost you $0.14. Storing 32 bytes in Ethereum costs 20000 gas. So if gas price is less than 15 Gwei (it was 1 Gwei for a couple of weeks until the exchange incident), Ethereum is CHEAPER than the fucking coin that promised to be thousands of times more accessible than it. + +So, why did they sacrifice decentralization and raise $4 billion again? +Hi all, I'm in an interesting financial situation and was hoping someone would be able to give me some solid advice. + + +I am starting an accelerated Bachelors of Science in Nursing program at the end of August. It is a vey intensive 16 month program in which they strongly encourage us not to work during. Some have tried to maintain work but most have ended up quitting due to the workload and time needed to study. Now I'm sure you're probably thinking it's just nursing school, well we go for 16 straight months with 4 semesters, 1 consisting of 17 credit hours and 3 consisting of 16 credit hours. This time is not including our clinical hours and rotations at the hospital/simulation lab. + + +I am 23 which in FAFSA's eyes is still dependent, requiring me to submit my parental income. My mother is a single mother with 3 children and an elderly parent to take care of. My dad isn't in the picture. My parents stopped supporting me financially many years ago and I was fine with that. I have managed to put myself through college till this point with just plain ol hard work and no student loans. + + +Well this doesn't matter to FAFSA, I am still an extension of my parents. My mom makes good money but not good enough to be paying for my education nor did I expect her to do this. I was given 3,700 for my tuition for the fall semester and my bill is 5,500 and that doesn't even include books, uniforms, shoes, stethoscope or many of the other things needed in nursing school. + + +I can't get any private loans due to my credit history and lack of income during my time in the program, and my mother didn't qualify either as she is maxed out. I am short about 2,000 and don't even have books or anything else. + + +I am stressed out at the idea that my dream school that I worked extremely hard to get into won't be a reality because I cant get the money to just magically appear. + +I am at my wits end, I don't know what I'm going to do. + + +I've been smoking for way too long and it's time to quit. Thinking that $19 a day I'm spending on cigarettes would be a great habit to dump and DCA more sats every day! Anyone else doing this? +[https://fortune.com/2021/09/20/michael-burry-passive-investment-advice-big-short-twitter/](https://fortune.com/2021/09/20/michael-burry-passive-investment-advice-big-short-twitter/) + +Title says it all but wondering what you all think. If true, and we're destined for Great Recession 2.0, what's the better liquid investment choices? Not asking for individual advice, as I have a ways to go until retirement and will likely keep most of my holdings in VTI regardless and take whatever comes. +Ok, here goes, I’m 35 years old and I still drive a 2002 Honda Accord. The thing is, it was my grandmothers car handed down to me. It only has 70k miles on it and I keep it super clean. Every time I get an oil change the auto shops tell me how lucky I am to have this car in its current condition. + +My finances: 80k/yr salary with $15k emergency fund, $80k in retirement fund, no debt. + +I currently rent, I’m looking for a house but the market is crazy right now. And my rent is RIDICULOUSLY cheap. I pay $500 a month and have one roommate. + +I could easily afford a new car but the only reason I don’t is because I don’t actually need one. I love my current car, but everyone looks at me like I’m poor/weird for having this car at my age. + +Car market is also pretty crazy right now. + +Any thoughts? +&#x200B; + +[ EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month Twenty-Nine - Down -79&#37; ](https://preview.redd.it/ie3j7584mb351.png?width=640&format=png&auto=webp&s=afda46aae8924108c3ac547a2955d171edc2707a) + +***See the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-29)***.*** + +tl;dr - Cardano wins May, BTC still way ahead, ETH solidly in second place, NEM (anyone still remember NEM?) still in basement. Markets going up despite world on fire. 3 x $1k investments in crypto in 2018, 2019, 2020 are down -7% compared to the US stock market. Word. + +## Month Twenty-Nine – Down 79% + +While not quite as strong as [April](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/), May was undeniably a strong month overall, especially with the last minute push that saw **Bitcoin** climb over the $10k mark. Although **BTC** (and the market overall) has fallen in the last few days while I’ve been compiling [these updates](https://toptencryptoindexfund.com/), we saw almost every 2018 Top Ten crypto end the month of May higher than where it started. + +#### Question of the month: + +##### [The Bitcoin halving took place on May 11th, 2020 at 7:23 PM UTC](https://www.blockchain.com/btc/block/000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d). Since the first Bitcoin block was generated in 2009, how many halving events have occurred? + +A) One +B) Three +C) Five +D) None of the above + +*Scroll down for the answer.* + +## Ranking and May Winners and Losers + +Half of our 2018 Top Ten group were on the move in May. **Cardano** made the most upward progress, climbing two positions to #11. **IOTA** picked up rose one spot in the standings to #24 as well. On the other side, **NEM** keeps slipping, losing three spots to #30. **Dash** and **Stellar** also dropped two positions each in May. + +The overall drop out rate remains at the 50% mark (meaning half of the cryptos that [started 2018 in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have dropped out). **NEM, Dash, IOTA**, **Cardano**, and **Stellar** have been replaced by **EOS, Binance Coin, Tezos, Tether,** and **BSV**. + +***May Winners*** – Massive month for **ADA**, up an impressive +62%. That’s about what **Cardano** gained last month, so, yeah, **Cardano** is having a great spring. **IOTA** also had a solid month, up +28%. + +***May Losers*** –  **XRP** lost about -4% making it the worst performing of this group in May. + +How has your favorite crypto fared over the first 29 months of the 2018 Top Ten Crypto Index Fund Experiment? Most monthly wins (7): **Bitcoin**. Most monthly losses (5) is a now tie between **Stellar** and **NEM**. All cryptos have at least one monthly win and **Bitcoin** stands alone as the only crypto that hasn’t lost a month (although it came close in [January 2020](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty-five/) when it gained “only” +31%). + +## Overall update – BTC still way ahead, ETH firmly in second place, NEM worst performing. + +**Bitcoin** made up more ground in May, now down -23% since January 2018. The [last time we saw this price level](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty/) to end a month was August 2019. The initial $100 investment is now worth about $77. + +**BTC** is still well ahead of the field and **Ethereum** is firmly in second place. This may feel like a foregone conclusion at this point, but for context, long time 2018 Top Ten Experiment followers will note that this has not always been the case. Just [a little over a year ago](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-fifteen/) for example, **BTC** was second place behind **Stellar.** + +**NEM** (down -95%) is in last place. That initial $100 investment in **NEM**? Now worth $4.74. + +## Total Market Cap for the entire cryptocurrency sector: + +The overall crypto market added about $35B in May 2020, back near August 2019 levels. This is down about half from January 2018 when the market was worth roughly $575B. + +## Bitcoin dominance: + +Another flat month for **Bitcoin** dominance, which hasn’t moved at all in the last three months. + +For context, the range since the beginning of the experiment in January 2018 has been wide: a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018. + +## Overall return on investment since January 1st, 2018: + +The 2018 Top Ten Portfolio gained about $20 bucks in May 2020, back near where it was at the end of [February](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty-six/).  If I cashed out today, my $1000 initial investment would return about $205, down -79% from [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +Here’s the ROI over the life of the experiment, month by month: + +The streak of nine consecutive months down at least -80% was finally broken in May. Just barely (at -79%), but hey, I’ll take it. [July 2019](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-nineteen/) was the last time the 2018 Top Ten finished a month in the negative seventies. What about the negative *sixties*? That level hasn’t been seen [in about two years](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-seven/). + +Painful stuff. What about the follow on Experiments? Let’s see: + +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17/): up about +43% ($1,432) +* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5): up about +47% ($1,467) + +So overall? Taking the three portfolios together, here’s the bottom bottom *bottom* line:  + +**After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104‬.** + +**That’s up about +3.5%** for the combined portfolios. Better than a few months ago (aka [the zombie apocalypse](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/)) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels. + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The stock market (as measured by the S&P) continued to recover in May. It’s pretty amazing with all that’s going on in the world, but the market is already back up where it was in February 2020. The initial $1k investment into crypto on [New Year’s Day 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would have gained about $140 had it been redirected to the S&P. + +This is where it gets interesting. Taking the same drop-$1,000-per-year-on-January-1st approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following: + +* $1000 investment in S&P 500 on January 1st, 2018: +$140 +* $1000 investment in S&P 500 on January 1st, 2019: +$220 +* $1000 investment in S&P 500 on January 1st, 2020: -$50 + +Taken together, here’s the bottom bottom *bottom* line for a similar approach with the S&P:  + +**After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310.** + +That is up over**+10%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), compared to the **$3,104** value (**+3.5%**) of the combined Top Ten Crypto Experiment Portfolios. + +That’s about a 7% difference in favor of the stock market. [Last month](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/), there was only a 3% difference. [The month before,](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/) the gap was 13%. + +## Implications/Observations: + +No news here: the 2018 Experiment’s focus of solely holding the Top Ten Cryptos has not and has never been a winning approach when compared to the overall market. The total market cap is down -51% from January 2018 compared to the **-79%** for the cryptos that began 2018 in the Top Ten. This of course implies that I would have done a bit better if I’d picked different cryptos – but much better than if I’d put all my eggs in **NEM**‘s -95% basket, for example. To reiterate, at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-nine months compared to the market overall. + +In the following two Top Ten experiments, it’s a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel [2019 Top Ten Crypto Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17). For the most recent 2020 group, this approach had outperformed the overall market 100% of the time…[until this month](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5). + +## Conclusion: + +The **Bitcoin** halving turned out to be a non event and markets continue to steadily rise despite riots in the US and a global pandemic. We’re almost half way through a very strange year. As the world changes, what will crypto’s place be in the new normal? + +Final word: Please take care of yourselves, your families, and your communities. [Be excellent to each other](https://www.youtube.com/watch?v=rph_1DODXDU). + +Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17) then again on [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5). + +#### And the Answer is… + +B) Three + +**Bitcoin’s third halving event took place May 2020.** +I signed an unconditional offer to buy an IP for 800k. Bank ordered a valuation and it has come to 725k. I have already paid 20% deposit thinking I could apply for a 80% LVR. Bank has surprised me with the valuation. If I am continuing with the deal, I need an additional 60k in funds before settlement. I’m thinking following are my options and I’m considering going with the first. + +1. I’ve some shares in ASX that I’m planning to liquidate and that should cover the valuation shortfall + +2. Apply for equity release - I might be able to cover the shortfall with that but I really do not want to link my PPOR to my investment property + +3. Ask for bank if I can increase the LVR to over 80% and maybe borrow like 85%. I’ll have to pay a higher interest rate which will be an increase of around ~$330. I haven’t yet discussed this option with the bank + +I need some cash for emergency as we are expecting a kid early next year. Selling shares to cover the shortfall sounds like the only option and if that don’t work for any reason, I was thinking of the second option. + +With my current situation, do I have any better option? + +I was an idiot to go with the price we have offered. The property report came up the price was between 750k-850k but the bank is now saying those figures are not ideal. Considering it’s an unconditional offer, I think I don’t have much choices left + +Update: I reached out to broker today morning. Other banks evaluations are coming up to 800k but my broker suggested not to look for another bank now unless I have a back up plan. I have less than 30 days to settle so it will get tight for another bank to come back in time unless my current bank honours the initial valuation and approval. I’m trying to reach out to bank to see what my options are still. I’ll either come up with the money or check on getting the shortfall from the equity of my PPOR. +Psychology wise whether I take a loss or a win I want to know fast, this helps me maintain my one of a million trade mentality. Which is basically the mentality of knowing there is always another trade around the corner + +It always helps me psychologically to trade lower time frames as I can see my trade idea play out faster. + +Psychologically it’s also quite hard on me when I trade a higher time frame and a trade goes my way and then reverses over the course of 10 hours whereas in a 1 hour space I’m pretty cool with it + +Anyone else like this? +So emotions got the best of me yesterday. I blew an account because of greed even though I had reached my daily target. The thing is whilst I was on the journey to lose the account I knew I was being greedy and revenge trading but I just couldn't stop. How do I manage this and how can I prevent it in the future? +I am completely new to forex trading. I am understanding the basic idea of it. Before I invest time to learn more about it I wanted to ask you guys a couple of questions. + +1. Be honest. Did you make money overall or did you lose more then you made? + +2. How much time per day are you investing in trading and everything around it? + +3. In your opinion. Is a forex trading superior to options (As I said I need to learn more so excuse me if Question 3 is not logical) + +4. Do you use a strategy or did you create one yourself. + +Thank you in advance for your answers and the exchange we might have. +I was searching for ‘Forex’ on instagram and the literally 10s (if not 100s) of accounts with the word ‘forex’ in the username came up. + +Almost all were posting the same content, pictures of luxury brands’ products, cars and just loads of cash with computer screens with some charts on the background or sides. + +Almost all of them claim to be between 18-25 years old forex traders. + +What’s the deal with such account and why’s there so many? For example you don’t really see much similar accounts about trading stocks. +i would like to daytrade forex. i'm looking at all the info in babypips.com school, but it is a lot of indicators, etc. to digest, a bit overwhelming. is there a way to get started in this and keep it simple without having to memorize all these fancy technical indicators? anybody have any other resources that may help? +I’m planning to trade the daily timeframe and also trading with prop firms in the future. What’s the profitability % per month if trading daily timeframe? How many trades will I make per month for daily timeframe? Also, Rayner Teo said trading daily timeframe won’t give us consistent income, therefore daily timeframe is not for me if I’m planning to trade with prop firms. Is that true? I’m planning to trade 6-7 pairs and US30, so I’ll have more opportunities to trade. What do u think? +Even though some of my strategy works and Ive gained some profits, but when I am in a active trade. Anxiety,fear,un-comfortableness kicks in. I can't go to sleep sometimes. I have rules and its criteria are met. I feel good when i enter my entry/sl/tp. + +Is it because I just sit on the computer and watch price move all day? +Is this a natural forex feeling? Is it fear of losing money? Am I just sick? Do I have to go to the doctor? Is it adrenaline? + +Im in some active trades right now. + +haha sorry guys. How do you guys cope with fear when youre trading? + +Edit: been doing forex for 6 months now. Just started to increase my lot sizes from 0.01 to 0.03 or 0.05. I might be just very freaking impatient. I need to find a new hobby while trades are active because I can only think of charts. +Do you know of any robot (ie; Expert Advisor for MT4, etc) that actually works? + +I have reviewed about 100 commercial expert advisors, many free EA and back/forward tested many many different strategies... and not a single one worked on the long run. Now, I believe that the the MQL4/5.com marketplace is actually a scam site, like every single makebillonsaweek.com EA sites... + +And don't get me start with 'reviews'... paid reviews by the robot creator to look good? Bad reviews by competitors? Fake review sites/blog to profit from CPM ? yeah. Lets just say that the content quality of these sites is inversely proportional to the number of ads on the site... And i'm being polite. + +Curve fitting, martingales, algos that profit with impossible spreads... you name it; to me, the "robot" trading thing is a myth, at best... and I am not just saying that out of the blue, I have been studying the whole thing for 2 years now and I am a software developer, I know a thing or two about testing... + +I have even studied the so called 'quants' strategy such as the ARMA/GARCH and its performance is well... Let's put it this way; if you want to learn about statistics it's a neat toy, if you want to make money, well, might as well get a second part time job at wal mart, you'll make more money with less effort ;) + +That being said, I was curious, do any of you, know of a 'robot' (EA, Zoro script, algo, etc) that actually works ? +I’ve always wanted to learn how to trade forex but everytime I want to learn there’s always someone trying to get me in an academy for hundreds of USD and I just want to learn for free to be honest +I’ve been learning forex off and on for about a year now. Been looking around for a consistent strategy. I just wanna learn a way to be consistent. Watching videos in a course doesn’t do it for me lol. I end up with more questions after!!!! I need a good forex teacher that can walk me thru a good strategy step by step that doesn’t cost an arm and a leg. I’ve been looking at Phantom trading and they seem to have a lot of people learning and getting funded which is my goal. But the hourly for personal help is very high. I NEEED A DEDICATED TEACHER!!! If anyone has suggestions please let me know! 🙏🏿🙏🏿 +this is not related to the alleged inside trading a few days ago -- its much much more serious. + +On CNBC + +>**report that it’s facing SEC’s probe into whether the platform is offering unregistered securities.** +> +>This SEC probe reportedly happened before and was separate from Coinbase’s alleged insider trading scheme that led to the fraud charges against an ex-Coinbase product manager and two other people Thursday. But SEC also filed a complaint the same day, claiming that nine of the **25 tokens allegedly traded in the scheme were securities.** +> +>“I’m happy to say it again and again: we are confident that our rigorous diligence process — a process the SEC has already reviewed — keeps securities off our platform,” said Coinbase’s chief legal officer Paul Grewal on Twitter. “We look forward to engaging with the SEC on the matter.” + +&#x200B; + +This is on top of the 70% drop this year for Coinbase. Not sure what this could lead to but coinbase is going to fight this all big time. + +edit: there were a few rumors going on but this is more legitimate and the market is reacting to it accordingly. + +source, [https://www.cnbc.com/2022/07/26/coinbase-shares-tumble-after-report-that-its-facing-sec-probe.html](https://www.cnbc.com/2022/07/26/coinbase-shares-tumble-after-report-that-its-facing-sec-probe.html) + +&#x200B; + +>CNBC has confirmed with a source. The news was earlier reported by Bloomberg. + +&#x200B; + +addendum: closing price -21.08% drop and still sliding after hours. + +&#x200B; +This is an article that showed up today on the biggest news site in Belgium (Brussels is the capital of Europe): + +"FBI wants a backdoor in software of Apple and Google" + +[Article translated by Google Translate](https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.hln.be%2Fhln%2Fnl%2F16556%2FApple%2Farticle%2Fdetail%2F2093103%2F2014%2F10%2F17%2FFBI-wil-backdoor-in-software-van-Apple-en-Google.dhtml%3Fshow%3Dart) + + +US Citizens, do you really think the rest of the world is going to just accept that shit after everything that has happened in the past few years concerning privacy? + +Bitcoin is just the beginning. It's stuff like these things that will make Bitcoin and technologies alike sprout like mushrooms around the globe. + +I don't own any Apple or Google devices, and I'm more and more inclined to keep it that way for the rest of my life. + +I just want you to know to be aware of how this attitude **is perceived by the rest of the world**. America is putting itself more and more on a digital island. +# Never before in the history of the stonk market has there ever been retail buyers in mass accumulating a singular stonk at an incredible rate AND removing those shares from circulation via DRS during a recession and hyper-inflation... let that sink in. + +# During a time where the economy is intrinsically weak and at the point when the market at large naturally becomes more illiquid as supply and demand seek equilibrium, we the fucking crayon eating retards are sucking liquidity out of the market with a gushing sound... SHFs are the fucking dumb money now... BUY HODL DRS if it fits your fancy... I expect Kenneth C. Griffin to age another decade over the coming weeks... we won't ever stop buying... + +&#x200B; + +# Hedges R Fukt + +&#x200B; + +edit: enginerd I barely read and write +I can buy some $15 call options for Jan 2022 for $1,900 (5 contracts) for a stock that’s $9.66 right now. + +Let’s say the stock hits it big and is worth $50 per share in Jan 2022... + +What’s the benefit of buying the call option versus just buying the stock? + +I’ve been reading around and I’m just trying to figure out how the options traders are making so much money when they make good plays. Thanks for tolerating my ignorance. +Hello all +I have the opportunity to invest in a business. I've reviewed the business plan, met with the leadership, and investigated the market for the product. I feel this company is worth the investment. + +My question is should I do my investment as a personal Investment or should I set up an LLC and make my investment through the company? I've signed an NDA so I cannot speak directly about the business, but there is the possibility of liability because of the nature of the business. + +Thank you for any feedback. + + +*Edit*. Thanks everyone for the advice. I will talk with an accountant and depending on their guidance a lawyer as well. +FI/RE is serious to me, and the math all makes sense. + +However any time I bring up the topic or mention early retirement at all, most (if not all) toss aside the idea or scoff at it. In particular, I've found that coworkers I've had laugh at the idea, saying that we'd be lucky to retire before age 70. + +Why do you guys think that is? +[https://www.investopedia.com/terms/s/substantiallyidenticalsecurity.asp](https://www.investopedia.com/terms/s/substantiallyidenticalsecurity.asp) + +Are VOO and SPY considered substantially identical? + +Is the broker supposed to determine if a capital loss is a wash sale in the 1099-B? My tax accountant (Deloitte) told me that, but when I asked my broker (IBKR), they told me to consult my tax accountant... +I'm in SNDL for 1000 at 0.67. Other subs seem pretty into but haven't seen much here in a while. Wondering what you guys are doing in the weed field. APHA? TLRY? YOLO? +Current NW is ~11.5M. I still work my normal day job (sold my biz but stayed on for the time being and bringing in a salary) + +I still find myself using excel sheets to balance my “budget” (ie upcoming expenses vs expected pay checks on a bi-weekly basis). I continue to do this the exact way I did before I sold the business. Since the sale though, we’re trying to enjoy life more and therefore spending more $$. Every time I have to transfer money from the sale proceeds to my regular checking account to make up the budget gap I feel guilty. Although my NW is much higher now, I can’t help thinking the same way I did before, ie should I cut back? Am I being fiduciary to my family? +Is this normal? Does it go away? + +To rationalize my situation I compared my “burn rate”/withdrawals vs the increases of the investments we’ve made with the funds (mostly ETFs). Looking at it that way I’m still way net positive, but then again, it’s in public markets so never know… + +How do you folks deal with these things? +I have seen some post on here about donating to hospitals like Mayo to get access to specific doctors. Is that true? Is there a way to find out how this system works? Alternatively, how do you know how much to donate? How long does that access last before you need to make another donation? + +Edit: the department has at least 20 doctors. There is a specific doctor I want to be assigned to because he does the THING. He's the only person in geography miles + states that does the THING. I was assigned to the doctor with the most "availability" that doesn't know anything about the THING. She knows she is unable to help me. She will not step aside or fire me on her own dispute my requests. So I have to have an appointment with her to get her to put in a ticket to see the other doctor. Each appointment has months of lead time. This has gone on for months. It's expensive, time consuming, and frustrating. +I am trying to build a simple machine learning model on price volume data to classify stocks as either "buy" or "sell". The features are around 90 standard technical indicators and 6 custom made indicators (alphas). All are based on price volume data of past 1200 days. The training target were made as "buy" if next days return was positive and "sell" otherwise. I did a first run with random forest and XGBClassifier and got a cross validation accuracy of around only 52%. + +I understand that in real life this is usually done on orderbook data by market makers, and not daily price volume data , along with large number of high quality alphas as features. + +But if I have just have this daily data and no speed advantage, what else can I do to improve a simple model as this one ? +Hey guys, just trying to understand what the company structure is like in an algorithmic trading firm. From my digging around on the internet, I believe the trading strategies come from quant researchers who are all Ph.D's, then the strategies get passed onto the developers who code them into algos, and then the algos get passed onto the traders who implement them and manage them. + +Is this an accurate depiction of the inner functions of an algo trading firm? Do the traders not get to come up with their own trading ideas? If someone wants to develop strategies for an algo trading firm, is it a necessity to have a Ph.D to have doors open to you? + +Thanks for all your input! +Im not sure if this is permitted, im sorry if its not. + +Im a compsci student. And im not new to stocks. I do fundamental analysis and i value invest (i started recently but i know what im doing). + +I recently came across statistical arbitrage and i got interested in it. And i came to know that there are many advanced statistical arbitrage stratergies that big boys use that is not easily accessible to the general public (or atleast me). I was wondering if there are any books or academic papers on this that i can start with? + +Also, im really curious to know how they comeup with these new complex stratergies. What level and type of knowledge is required for that? +I've stumbled upon [quantel.io](https://quantel.io), which looks really interesting to me. + +I'm looking for an api that provides historical income statements (and if they provide daily stock prices I'm fine with that as well), for as broad a market as possible (especially small caps). + +I know [simfin.com](https://simfin.com), which is great for US but pretty useless for everything else (Germany has 32 tickers... that's an order of magnitude too small). + +[Quantel.io](https://Quantel.io) covers quite a few markets, but their api for listing the symbols returns a 404. If I'm looking at specific tickers everything seems to be fine, but there's no list what tickers they actually support, at least I can't find it. They claim to have 30k+ tickers overall worldwide, which sounds great, and their pricing seems very reasonable. + +Anybody knows this service and knows how to get a full ticker list? +I love how my college educates. I hate how it exploits freshmen. + +Freshmen are forced to live on campus and sign up for a meal plan with at least 14 meals per week. With the dorms being priced at $900/month (there aren’t enough dorms, so we get inflated prices... even though we have no other choice), and the meal plans being a whopping $2200ish a semester, living expenses came out to be like $5000/semester. Now that’s a hefty convenience fee. To get the education I wanted, I had to live well above my means, and it was just driving me into the dirt financially. + +But now I’m a sophomore, so I have escaped!!! I can do what I want with my money, such as actually implement the advice of this subreddit. I feel so free!! It’s a success story ladies and gentleman!! + +Now that I shop at Aldi’s, my food is better quality, healthier, and SO much cheaper than the mass produced nonsense they served us at school. Like I said, $10/meal on the meal plan to $2/meal on my own. + +I also moved off campus into a WHOLE HOUSE that I’m sharing with three other girls for hundreds of dollars cheaper than that tiny dorm. And the best part is, it’s so cheap that I can cover rent & utilities with just 20 hrs of work a week! + +Lastly, I worked as a Sonic carhop all summer (did you know they only make $4 an hour? Please give them your spare change!! Especially in super hot areas) and saved all my tips for an $800 used moped. 70mpg? Sign me up. + +In conclusion, shout out to my dad for raising me on store brand food, home cooked meals, and savings over convenience. Now I’ve got manageable food, shelter, and transportation, and I actually feel in control... and extremely lucky. +Remember no matter how “good” a technician is, there is no way of knowing the direction of the market. There are ways to predict and guess based on statistics and odds, however geopolitical events and Tweets can blow up any chart. Remember when you invest not to let Mr. Market get the best of you! Fear and panic Have no role in investing, just buy high quality companies when it makes business sense. + +https://www.youtube.com/watch?v=IUu9PyvnBds +Not sure if people are aware of this but in the South Asian communities eople have a way of saving called Kamaiti. + +Basically, 10 people get together, decide they require £5k each, a monthly payout order is determined and every month one of the 10 people is paid £500 from 9 others (£4,500), including the person's own £500 they get a total pay out of £5000. This happens for 10 months and each person effectively pays out £5000 over the period of 10 months but on a decided month receives the desired £5k amount. (The terms and amounts can vary of course). + +It is basically an interest free loan with set monthly payments (I guess). As I am planning on being part of this and would probably end of managing it i.e. people paying the monthly amount into my bank account and I paying the respective person the £4500 I wanted to know any tax implications that might come up. + +Sorry if I haven't explained this correctly, if you have any questions please ask away. Thank you :) +Hey all! First time poster, sorry if it’s a wall of text or anything goes wrong, I’ll try to fix it! + +So I start my first graduate job in a weeks time, I’m super excited but I’ve never been great with money, in fact I owe money to my partner as they helped me afford rent throughout uni when I was struggling to make ends meet. + +My salary will be £16850 pretax and my rent is £450, I currently don’t have any other expenditures but would like to join a gym for the mental and physical benefits, plus I also would like to meet more people and hopefully make more friends, but that’s by the by. + +I’ve been reading some helpful stuff but I guess what I’m looking for is just some advice and helpful tips to encourage, better inform myself? + +Feel free to ask any questions and I’ll answer them as best I can! + +Thanks! :) + + +As the title suggest I’m am currently working in a job that is great on paper. 9 day fortnight (government), Mid 90K salary (outside VIC/NSW) , Within 15 minutes of home, 4.5 week A/L, 4% Super matching. + +The issue is I am not positively challenged and incredibly bored at work. I do not dread coming in but find myself staring at a computer screen doing very little or on my phone for a large portion of the day. I have requested more work but my calls fall on deaf ears. I feel as though I’m wasting away and developing bad habits. I have currently been in the role for 2 years and feel if i stay much longer i will be institutionalised and become too accustom to the role. + +I would normally seek other employment but given the current climate i do not believe that is a sensible move. I am also conscious of the impact of taking a reduction in pay and perks will have on my lifestyle (9 day fortnights are amazing for work life balance). I believe most other roles I’m qualified for would be on a smaller salary (80-90 range) and longer hours/commute. + +Essentially seeking advice from people who have been in a similar position in how they effectively used their time. I have considered a "side hustle" but yet to come across anything appropriate that I could commit to (don't want to be a re-seller). Would also be interesting to hear from people who have moved from decent jobs they disliked and their experiences. + +Apologies if this is tone deaf and whinny given the current climate. Please delete if not finance related. +Unpopular opinion: Why invest in VAS, or the Australian market index? + +&#x200B; + +It is incredibly undiversified, with financials comprising a ridiculous proportion of the ASX200 (Even more so ASX20). This basically defeats the purpose of an ETF since you are quite highly exposed to the returns of a bunch of banks and 2 miners. How different is your Australian equities exposure going to be by just picking one of the big 4, one of the big supermarkets, one of the big telcos and your choice of RIO or BHP instead of holding all of them and paying a management fee given they all have such a big weighting? + +&#x200B; + +It is quite stagnant, how much growth can you really expect from companies that have already grown so big? While they might provide steady income how much more can mature miners, mature banks that have a policy enforced 4 way monopoly and consumer staple businesses (WOW and WES/COLES) continue to beat earnings? + +&#x200B; + +It is full of dogs, AMP, Telstra in the last year alone have been a massive drag on performance. + +&#x200B; + +It's returns have been modest to say the least compared to other comparable markets post-GFC, again, the income has been the best in the world but growth wise it is pretty rubbish. I think a lot of this is due to Australia having such an unproductive economy (Too much finance/real estate and digging stuff out of the ground) in addition to buckets of easy $$$ from Super funds always being there to boost stock prices and making funding easy to get. +As the FTX-saga continues also the false articles aiming to shill SBF are continuing. In this [post](https://www.reddit.com/r/CryptoCurrency/comments/z0acqz/the_media_is_constantly_whitewashing_the_actions/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), I say how various media-outlets are just trying to whitewash the actions of FTX and especially SBF, as SBF was the person to give hundreds of million to them in “political contributions“. Those articles were just talking about how good SBF was and basically were just a neutral biography of a person that scammed millions of people for millions. + +Now the first are actually starting to talk about the crash and fraud of FTX and SBF itself but even now they are trying to shift all the blame away from their actual poor management and the fact that they were using customer funds for their own gambles. As we can see in this article of the Wall Street Journal: + +&#x200B; + +[Conclusion of the WSJOpinion article](https://preview.redd.it/4qr3q5bc8j1a1.jpg?width=1235&format=pjpg&auto=webp&s=78db28e3b31bcead59c9a75fc386ab0622577786) + +They are basically saying that the reason for the FTX collapse is that their “supporters“, which actually means the customers for them somehow have “betrayed“ them. Which does not make sense as SBF clearly was betraying everyone from day one. Also the article includes a very unnecessary comparison between Trump and SBF. + +For a small fun fact, even Elon Musk straight out spoke that they are wrong: + +&#x200B; + +https://preview.redd.it/u8aakpwf8j1a1.jpg?width=1150&format=pjpg&auto=webp&s=6619e8b59300d48b49115e9636450e3696a7e9d9 + +It is clear that the article now at least knows that there were mistakes made at FTX and with SBF, causing this debacle but are not really pointing out how SBF was filling his own pockets and lobbied to the White House with the money of customers too. +# 1. Preface & disclosure of position + +**This is my second and final DD post on RSSV.** I’m posting this detailed DD after having done a lot more research into this company over the last month or so. I’m convinced that it’s going to run well into >$1 territory in April. I may post small updates when the big catalysts start rolling in next month. + +**Full disclosure: I own 50,000 shares, now at an average of 0.11.** I obviously have a vested interest in this stock, so please do your DD and do not treat this as financial advice. I also welcome your thoughts and criticisms in the comments. I don’t know how else to make it clear that this is not a pump and dump, but I hope you get a sense for that as you read this post. I have included some red flags at the end. + +**There are sources at the end of this DD which cover all the datapoints I quote in the post**, should you wish to investigate further, as well as a list of other good DDs on this company. I have adopted some of the research in these DDs in making this (e.g., u/Manlikecheese, u/NightcoreRo, u/Silly_hat7720). + +# 2. What is RSSV? + +&#x200B; + +https://preview.redd.it/r0hhyt1ornl61.png?width=193&format=png&auto=webp&s=59cb72b9d58957be05b989072ab69e09fceb4280 + +Phoenix Rising Companies Inc ([https://phoenix-cos.com/](https://phoenix-cos.com/)) is a **diversified industrial holdings company** headquartered in Malaysia. The company is currently trading as RSSV while it waits for FINRA to approve an update to the ticker. RSSV currently has 3 portfolio companies, with more on the way. The existing portfolio companies are below (more detail on their financials further on): + +* **Tieshan Oil:** a Beijing-based supplier of refined petrochemicals products (e.g., methyl tert-butyl ether, paraffin oil, petrolatum liquid). The company was founded in 2005, with a long-term client base comprising licensed Chinese gasoline operators. It does \~$30m in revenue per year +* **Admall:** a Malaysia-based B2C eCommerce platform focusing on health and wellness, selling products in SE Asia, China, Hong Kong, Taiwan and Korea +* **Wandi Mine:** a mine containing 24m tons of clean, low-sulfur thermal coal. It was acquired for stock in 2020 by RSSV, but the details of the transaction are yet to be confirmed (more on this below). 80-90% of the coal is attainable, and it is all pre-sold to the Chinese government, meaning there is no wasted production. In 2017, this mine was valued at >$1bn USD (lifetime) + +&#x200B; + +[Wandi Mine - exact google maps co-ords are 34.137889, 113.161561](https://preview.redd.it/3a8c5usqrnl61.png?width=349&format=png&auto=webp&s=d66ff59af5447f4b15ba43b45a9cd743942d3f7a) + +# 3. Where we are, and how we got here + +**RSSV is currently trading at $0.08**, and has oscillated between $0.08 and $0.2 over the last 6 months. In late 2019, the stock was trading at $1-3, but fell rapidly as the onset of COVID-19 in China put a hold on Tieshan Oil’s revenues. Since then, Tieshan Oil revenues have recovered to pre-pandemic levels, but – remarkably – the stock price has not. + +Note: The stock price has oscillated somewhat in the last 6 months, on the anticipation of news regarding the Wandi Coal mine. Although we are still waiting, it’s likely that we will hear by the first week of April (in the RSSV annual report – more on why I think this below). **I believe these oscillations up to $0.2 are still far, far below the fair value of this stock, which is why they do not concern me.** + +Looking back a bit further, you’ll see that RSSV previously traded at a much higher price. From 2017 to 2019, this was between $20 and $30. The current management team took control of the company in 2018, and issued a 1:100 split in 2019. They are now assuming an acquisitive strategy, having reduced their liabilities/debt from $34m to $2.5m in 2019/20. Assets are at $12.5m - so the balance sheet is positive. + +# 4. RSSV is undervalued based on existing financials alone + +As of March 5th, RSSV’s market cap is USD $10m. **Yes, $10m**. That’s 128m outstanding shares at a $0.079 price per share. Based on current performance alone, that’s low. **In fact, the market cap is lower than the assets on the balance sheet.** ($10m vs. $12.5m) + +**In 2019, Tieshan Oil did $30m in revenues and $0.6m in gross profit, and in 2018 it did $37m in revenues and $1.4m in gross profit**. The difference between these years corresponds to the higher oil price (>$70) in 2018. Although TO was hit hard by COVID, **its recovery is complete** – it generated more revenue in Q3 2020 ($4.8m) than Q3 2019 ($3.2m) – and the rising oil prices will work in its favour. Admall is less of a money spinner, bringing in $0.6m revenues and $0.1m in gross profit. + +So, **in an ordinary year, RSSV’s current subsidiaries should do around $30-35m in revenues and around $1m in profits**. It was valued at \~$1.50 a share pre-COVID, and even though its financials are bouncing back post-COVID, that is not reflected in the current stock price. + +# 5. Upcoming catalysts + +**Wandi Mine** + +* We are expecting to see confirmation of the $1.2bn Wandi Mine transaction in the RSSV annual SEC report (due 31 March), or soon after. It is already listed as a portfolio company on the RSSV website. +* As stated, **the mine was purchased for stock on Feb 24 2020, with 60m of RSSV’s shares transferred to the owner of the Wandi Mine, at a value of $1.50**. In essence, the owner of the Wandi Mine sold it in return for 49% of the shares in RSSV, who will then contract out the extraction of the coal using equipment which is already on site. The Wandi owner made this agreement when RSSV was trading at $0.5, meaning that he must have confidence in the fact the stock was at least 3x undervalued, even back then. **If RSSV reaches the $1.5 valuation at which the Wandi deal was made, that makes it 19x undervalued at current prices.** +* All that is left is for the transaction to close. In Feb 2020, RSSV estimated that this would take one year (i.e., it should be happening right now). To add to my confidence that this will happen, DS Chang (RSSV CEO) is listed as a director of the Wandi Mine, and there was a further change in Wandi Directors in November 2020 (presumably to RSSV management but this was not disclosed). +* The Wandi financials are very attractive: it has 24m of clean coal, of which \~19m is extractable and all is pre-sold to the Chinese government. **RSSV has determined an initial production scope of 0.9m tons of coal a year, and taking a coal price of $65/ton, this would generate revenues of USD $58.5m per year.** As the annual production scope increases with extraction, annual revenues are likely to be substantially higher than this in the future. + +**99technologies:** + +* RSSV has an acquisition agreement in place for 99technologies, **a Swiss disinfectants company which owns 27 patents and was expected to generate $14m in 2021 revenues**. We are also expecting to hear news on this acquisition in the annual report. RSSV has an acquisition agreement in place with another disinfectant company in China – Culmination Radiant – to be finalised as a complementary acquisition to 99technologies. For some bullish evidence: in **August 2020, RSSV formed a subsidiary – PRX Biomed – to enable the distribution of infection control products in the USA**. Sounds a lot like what 99technologies are selling, right? + +**Ticker and name change:** + +* This sounds like a small thing but I’ve seen a lot of questions about the use of the old ticker (i.e., what is Resort Savers? What does oil have to do with resorts?) and I believe that this lack of clarity reduces investor confidence. When FINRA changes the ticker, the stock will seem more trustworthy. + +In summary, we are looking at $30m in revenue from Tieshan Oil, $60m from Wandi Mine, and potentially $14m from 99technologies. **That’s up to $100m in revenues – for a stock with a $10m market cap. I surely cannot be the only one who sees that and thinks that this is crazily undervalued.** + +# 6. The share structure is excellent + +As mentioned above, there’s a comparatively small float of 128m shares outstanding, with **\~40% of shares owned by the CEO, CFO and COO as of last year’s annual report.** **DS Chang, the CEO, was subsequently granted an additional 16m shares in June.** It’s encouraging to see that the management team is heavily invested. + +# 7. The CEO is experienced, and has a long-term relationship with the Wandi Mine + +DS Chang, the CEO, has 25 years of experience in corporate finance, and was formerly the Vice-Chairman for SGCI, a French international financial group ([https://www.sgcifinance.com/](https://www.sgcifinance.com/)) + +**DS Chang also has a long-term relationship with Wandi Mine – in 2018 via SGCI, he was tasked with bringing it public on the CSE** (Cyprus Stock Exchange) which did not work out – which is now why he is bringing it public via RSSV (i.e., purchasing it for equity). + +Last thing to mention is that Chang’s firm, SGCI, was hired to help RSSV on its journey towards uplisting to NASDAQ back in 2018. Now Chang is the CEO of RSSV, he’s taken that mission on properly. + +# 8. Red flags + +**The biggest red flag is the lack of PR** – i.e., in a similar vein to companies like TLSS, the management team only seems to issue PR when it also has to make an SEC filing. This is in equal parts frustrating and concerning, but I believe it can be attributable to two things. + +Firstly, it’s an Asian investment holdings company – and culturally, it could be that these companies are more focused on turning a profit than they are in publicity. Compared to ALPP, for example, which has an incredible PR team and which I am also invested in, RSSV puts out no PR for months at a time, even when it has been profitable over the last couple of years. + +Secondly, the deals on which we are waiting are only now reaching the point where we would expect disclosure. **The CEO has also responded personally to a number of emails stating that he is working on some PR at the moment, and that he will release more in the year ahead.** On the other hand, that is indeed what you would expect him to say. + +Don’t get me wrong, the lack of PR really pisses me off. But I think it will improve following this month’s annual report, and even without any PR I still think RSSV is undervalued. + +Another red flag is that it’s hard to find information on the company’s CFO, Lucy Liu, online. The RSSV website states that she has worked very closely with the Chinese government, which leads me to believe she might be using a Chinese name online rather than the anglicized ‘Lucy’. But if anyone finds more info on this, please let me know. + +# 9. Conclusion + +**Without any acquisitions, I believe RSSV should be trading at $1+** and will do so with its next annual report regardless of the Wandi mine. + +**With the acquisition of the Wandi mine, it should easily be trading in the multiple dollars**. I expect this to occur following the annual report or soon after, given some of the evidence on the Wandi transaction noted above. + +# 10. Other DD on RSSV + +[https://www.reddit.com/r/pennystocks/comments/ldxqo6/rssv\_can\_reach\_alpp\_type\_of\_gains/](https://www.reddit.com/r/pennystocks/comments/ldxqo6/rssv_can_reach_alpp_type_of_gains/) + +[https://www.reddit.com/r/pennystocks/comments/lp0hbm/rssv\_the\_extremely\_undervalued\_pennystock\_with/](https://www.reddit.com/r/pennystocks/comments/lp0hbm/rssv_the_extremely_undervalued_pennystock_with/) + +[https://www.reddit.com/r/pennystocks/comments/les9eo/rssv\_huge\_potential/](https://www.reddit.com/r/pennystocks/comments/les9eo/rssv_huge_potential/) + +[https://www.reddit.com/r/pennystocks/comments/lb3iac/resort\_savers\_rssv/](https://www.reddit.com/r/pennystocks/comments/lb3iac/resort_savers_rssv/) + +# 11. Sources + +RSSV website (which includes Wandi mine in the portfolio): [https://phoenix-cos.com/](https://phoenix-cos.com/) + +RSSV investor presentation: [https://phoenix-cos.com/wp-content/uploads/2020/06/RSSV-Investor-PPT-5.7-pdf-version-1.pdf](https://phoenix-cos.com/wp-content/uploads/2020/06/RSSV-Investor-PPT-5.7-pdf-version-1.pdf) + +PR on the recovery of Tieshan Oil in Q3: [https://phoenix-cos.com/phoenix-rising-companies-ceo-discusses-dramatic-recovery-in-second-quarter-results/](https://phoenix-cos.com/phoenix-rising-companies-ceo-discusses-dramatic-recovery-in-second-quarter-results/) + +PR on the formation of a subsidiary to distribute infectious control products in the USA: [https://phoenix-cos.com/phoenix-rising-companies-to-form-subsidiary-for-u-s-distribution-of-infectious-control-products/](https://phoenix-cos.com/phoenix-rising-companies-to-form-subsidiary-for-u-s-distribution-of-infectious-control-products/) + +Annual report: [https://sec.report/Document/0001640334-20-000722/](https://sec.report/Document/0001640334-20-000722/) \- see here for details of the Wandi share transfer to Liu Fakuan, Wandi owner + +DS Chang listed as a Wandi director (in line with his 2018 attempt to list on the Cyprus Stock Exchange): [https://cyprusregistry.com/companies/HE/385760](https://cyprusregistry.com/companies/HE/385760) + +Transfer of Wandi shares noted in August 2020: [https://opencorporates.com/filings/632469463](https://opencorporates.com/filings/632469463) + +Change of Wandi directors noted in Nov 2020: [https://opencorporates.com/filings/644789548](https://opencorporates.com/filings/644789548) + +Market cap: [https://www.otcmarkets.com/stock/RSSV/security](https://www.otcmarkets.com/stock/RSSV/security) + +Wandi mine website: [http://www.hnwandi.com/en/col.jsp?id=103](http://www.hnwandi.com/en/col.jsp?id=103) + +99technologies website: [http://www.99technologies.ch/home/](http://www.99technologies.ch/home/) +So early 40s, about $7.8m net worth:- $2.2m in cash- $2m in short term securities- $2m home equity (on $3m property in Bay Area)- $1.6m in income producing real estate (about $200,000/yr income)- $$$??? in tech startup equity + +\- - - - + +Very blessed. Wealth primarily from stock options earned from tech startups that are now cashed out or public equities. + +Today I work in exec role at a startup and defer all compensation, but accruing lots of potentially valuable equity. + +Our "overhead" including mortgage etc is \~$250,000/yr **POST** tax due to private schools for kids, general high cost of living in area, mortgage, self insuring, etc. + +Some help / questions: + +1. Cash for me has always been a security blanket. I've struggled to even put into CDs or money market. In the last recession I got nailed with a 50&#37;+ hit to balance sheet. How much cash would you keep around? Where do you stash cash besides a savings account? How do I get over the fear of losing it or fear of the years it takes to rebound? +2. Last year we moved from a \~$1m house to a $3m house to be closer to work. I put $2m down so I didn't have a crazy mortgage, but hard to resist 4&#37; 30yr money so I took out a $1m mortgage. Bay Area is painful but move saves 2 hours a day of commute. With that much $$$ locked up into a house how do you calculate into your fat fire withdrawal matrix? +3. I spent most of the last 20yrs working in startups. At 42 I am still doing it - I have a flexible schedule so I can make my kids events etc. And then just pick whichever 50hrs a week I want to work :). I like the thrill of startups which are total chaos, but also wonder if since that's most all I have ever done if I am limiting myself out of fear of stepping away. How have other FatFire's dealt with? Do you set a #? Set an age? + +Thanks for answers in advance. +After following the 50/30/20 rule, I only have $500 dollars left. My 50% doesn’t include food. I’m basically living paycheck to paycheck. I have no money saved up. Should I just move back into my moms? + +At this point I’ll never save enough or quick enough to buy my own house, I feel like a failure at this age. + +Please be kind. I know that most of America is living paycheck to paycheck, but I feel hopeless and lost. + +Net monthly pay: $4k + +Rent: $1600 + +Car: $309 + +Phone: $120 + +Internet: $55 + +Light bill: $100 + +Car insurance: $198 + +Credit cards monthly: $80 (have 2.5k left to pay off) + + + +Monthly subscriptions like Crunchyroll, Netflix, gym, pet insurance add up to $148 + + +EDIT: The reason why my list doesn’t look complete is because I don’t know how much I am spending on gas and food. It varies a month. Maybe one month gas is $80 a month + +And then groceries pretty much take up the rest. I spend around $200 on groceries per paycheck. That’s $400 a month. That pretty much goes the rest of my money. + +EDIT 2: thank you so much for all the advice! I didn’t think so many would reply to this, definitely going to get back and reply to these soon. +First, feel free to check my creds. + +**C'mon** -- you're smart. You're here because you read something, heard something, and you thought "you know, there's something to what they're saying about $GME." You don't have the full picture, and neither do I (and hell, I've done a lot of reading & DD writing). Neither does anybody here. We're all here to figure it out. + + +**That's it.** Everyone here *IS* smart enough to think - "you know, there's something there" when we see that there's something there. AND you're smart enough to see when there isn't something there. + + +If you feel like saying that's another ticker, options, or something related to $GME, great, share your view. It's definitely an incomplete view, and probably also wrong in one way or another. That's fine. You take your up/down votes. But nobody here *NEEDS* other people to join them, and *spend THEIR money the exact way YOU are spending YOUR money*. If your view is good enough, **trust us**, we'll join you in ways that blow your mind! + + +**So, post away.** If it has legs, people here are smart enough -- it will stand. If not, eh, someone will shove something up their booty and get more doots. Whatever. + +**FUCK GATEKEEPERS. THAT SHIT IS COLLUSIVE.** + +Oh, and I *do* suggest you DRS *any* shares that you buy, because it's preeeeetttty clear that anything else might not actually be there. +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://old.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers are [not allowed](http://www.reddit.com/r/personalfinance/about/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). +Im told that Im too poor to invest into crypto by my relatives a lot. Mind you that my relatives are quite well off and Im the black sheep of the family since Im a single dad with not so respectable job and in their eyes Im a lazy little man-child. + +Last time that we had lunch together they asked me if I still “do cryptocurrencies” and I said that yeah I save just a little at the end of the month by not buying myself drinks or fast food or stupid things. Its a 2 digit number in the very low end but still they gave me shit for that because Im “too poor to invest “ especially in “grey market such as crypto”. I smiled but didnt appreciate that at all. Then I was asked why am I using that little money that I have to invest in crypto instead of spending it on my children. + +I was pretty damn angry. I do everything for my kiddos, work 2 jobs and still some people give me shit cause I put a tenner in at the end of month. + +Crypto is for everyone regardless how poor they are. Dont let anyone tell you different! +Anyone have a list of stocks under $1 they are watching next week? Some of the tickers in the screenshot are old plays, but I’m looking to add to the list. +**Representative David Scott Contact Information** + +WASHINGTON CONGRESSIONAL OFFICE + +468 Cannon House Office Building + +Washington, DC 20515 + +ph: (202) 225-2939 +fax: (202) 225-4628 + +JONESBORO DISTRICT OFFICE + +173 North Main Street + +Jonesboro, GA 30236 + +ph: (770) 210-5073 +fax: (770) 210-5673 + +SMYRNA DISTRICT OFFICE + +888 Concord Road, Suite 100 + +Smyrna, GA 30080 + +ph: (770) 432-5405 +fax: (770) 432-5813 + +Edit: Personally I wrote a polite but strongly worded letter and I sent it registered mail and to the fax numbers provided. + +Don't harass anyone. But you have a right to express your opinion and this man is trying to treat you like a criminal. +Hey /r/Bircoin! + +Over the past few months, I've been working on a Bitcoin POS Terminal and I think it has come to a stage where it is worth sharing. + +Skip to the end of the post for a gallery of photos and a demo video. + + +**What?** + +The terminal will allow any merchant to easily accept bitcoins in a store. Just hook it up to your cash register and you are ready to go. There is no need to install any additional software, not even a bitcoin client is required locally. + +**Why?** + +Other solutions out there are not as convenient to use. You have to turn your screen to the customer to let him scan a QR code or mess with printed tickets. Also integration into your existing hard and software can be tricky. + +**How?** + +Let's get technical! The terminal communicates with your cash register using a protocol called 'Open Payment Initiative' (O.P.I.). It is TCP based, so you only need an Ethernet cable to connect the terminal to the computer running your POS software. + +When a new transaction is requested, the terminal creates a QR code to tell the customers wallet where to send the bitcoins. + +To watch the bitcoin network for incoming transactions, Obelisk backend servers are used. The protocol is famous for being developed and used by the Electrum bitcoin client. + +The terminal also has built in NFC capabilities to allow even faster precessing. In the future it may even be possible to transmit the transaction data from the phone to the terminal via NFC. That way even offline devices can pay with bitcoins. + +**Hardware** + +The terminal is completely developed from scratch. The main processor is a LPC2387 (ARM7 core, 512kB Flash, 98kB RAM). Also included are drivers for NFC and Ethernet. The Ethernet driver is capable of 100MBit transmission, although that speed is far from being needed by the terminal. + +The display has a resolution of 240 by 160 pixels, enabling any device to easily read the QR codes. +The prototype case is 3d printed and designed using FreeCAD, an open source CAD software. + +**Software** + +The software running on the terminal is written in C and compiled with arm-elf-gcc. Everything is open source, and so will be the terminal software. The sources will be released as soon as they move from 'a hack' to a proper alpha version. + +The software uses some libraries: + +* The famous **[uIP](http://sourceforge.net/projects/uip-stack/)**, which handles TCP/UDP connections. uIP is probably **the** TCP/IP stack for embedded devices and even used in many commercial applications. +* A ported version of **[qrduino](http://github.com/tz1/qrduino)** is used for QR code generation. +* **[trezor-crypto](https://github.com/trezor/trezor-crypto)** is used for all bitcoin related crypto stuff. It is developed by the inventors of [trezor](http://www.bitcointrezor.com/), a hardware bitcoin wallet. + +**Demo** + +There is a gallery [here](http://imgur.com/a/pVsEJ) and a [video](http://www.youtube.com/watch?v=I56gZnna07c) showing the terminal interact with posPER, a free, open source POS software. + +**TL;DR** The Bitcoin POS Terminal enables any merchant to easily acccept bitcoins using existing hard and software. Watch the video above for a quick demo. + +If you like what you just saw, all bitcoins received at **16AXtZAQ6GmTEqf9TEfYRLyxo3qtPDajnq** will be exclusively used to further develop the terminal. +I (24f) have been saving up for a deposit for a couple of years while living with family (incredibly fortunate to do so). Had a goal to save up a 10% deposit by the end of this year and hit it this pay day! + +Will carry on at the same pace for a few more months to cover fees and then hopefully more 90% LTV will come back early next year (is that being optimistic?). + +Anyway just wanted to say thank you as a long time lurker of the great advice in this sub! +I’m about to go to college, and the college I want to go to is basically offering it for free. One career path I’m considering pays around 40k a year starting out, which I know is nothing amazing. Further down the line, I’ll have opportunities to make a lot more than that, but I was just wondering if it’s possible to live comfortably off of that salary as a guy in his early 20s? I could see myself living with roommates for some time after college, and I probably won’t move to a city with a super high COL or anything. +#Edit 7: [The Terra Blockchain has been halted as of block 7607789](https://twitter.com/terra_money/status/1524935730308456448?s=21&t=tp_mzSrOnIx7yuGQpYxd-Q) + +#There was a circulating supply of 11.28B UST and a circulating supply of at least 6.87 Trillion Terra at the time it was shut off. It’s unclear what happens to the $11.28B in UST but I’m going to presume it’s dead. + +Edit6: CMC had a glitch where the price of Luna is not displaying correctly. As a result market cap is showing 20B they manually moved it into the 200 range. Also Binance delisted Luna. + +^(Edit 1-5 moved to bottom of post) + +—————— + + I've been following the state of Luna over the last week and have a number of posts on it - with my most recent one from yesterday - warning people not to buy the dip. I've been trying to figure out what to expect next and if ever would be a good time to invest in Terra. + +What do you need to know - + +* UST and Luna price are directly related - You can burn Luna and mint UST, or you can burn UST and mint Luna. On May 8th (not including any fees you could burn about 60 UST ($60) to get 1 Luna ($60) - when UST started depegging people became financially incentivized to burn UST and convert it to Luna - increasing the supply of Luna. Since demand isn't keeping up with the increased supply - the price of Luna is continuing to crash. Currently with 1 UST worth $.55 and 1 Luna worth $.0058 (not including fees you can mint 330.57 Luna for $1 (true dollar) of UST. +* Prior to the depeg there was a circulating supply of 18.6B UST. Currently there is a circulating supply of 11.9B UST. Meaning it only took 36% of the supply of UST to drop the price of Terra from $60 to .006. a 99.9999% drop. There is still 64% of the total UST that hasn't been removed/converted back to Luna. There is still a long.............. way Luna can fall. +* Why would someone convert UST back to Luna? Because UST is worth $.55 and it can be converted to $1 of Terra. No guarantee it will be worth that though by the time you get/sell it (you could even lose money trying assuming the price of Terra continues to drop) +* The [circulating supply of Luna](https://messari.io/asset/terra/chart/sply-circ) is up 425% in the last three days and likely to increase further and significantly faster as the depeg remains off and money flows out of UST into Terra further exponentially increasing the supply and dropping the price of Terra. +* A lot more Terra is being minted for every UST now than yesterday. Yesterday for every $1 (true Dollar) of UST you'd get about 1-2 Luna today that's 330 and it's going to continue to increase at a faster and faster rate as the price of Luna falls. This is the death spiral of Luna and why investors shouldn't think they're getting Luna for cheap. +* If the total marketcap of UST was lower maybe Luna could have survived this above $1 eventually people may have ran out of UST to burn for Luna and maybe you'd be ok buying it in case it ever recovered (this is likely part of why the last two depegs didn't crush Luna - the marketcap of UST was still relatively low enough Luna was able to weather the influx of UST burns. + +Speculation. What isn't clear is will people stop buying Luna. I mean if you get 10,000 Luna for $1 are some people going to buy it in case it ever "recovers?". If so will the people buying be able to continue to support people in UST trying to get out of the asset, or will people stop buying Luna if it adds another 10 decimal points (speculation) if so what happens to the money in UST? - does 11.9B stuck in UST became worthless if people aren't buying Luna? Eventually when this is all done with does Luna have a future without UST? + +\-------------- + +None of this speculation is entirely clear, but what is clear - is.. UST is suffocating Luna and it could potentially become worthless unless people continue to buy Luna despite the number of decimal points it's going to quickly start adding. + +Last note UST has 11.9B stuck in and it's supported/can be exchanged for Luna which has a marketcap of roughly 16.6M-50M depending on the platform. + +Final Final note - some of the numbers are not perfectly correlated in different sections because the price was fluctuating while I was writing this. + +\--------------- + +TLDR: Be prepared for Luna to drop alot farther $1 can now mint multiple hundreds of Luna and that will likely increase to thousands soon. + +—————— + +~~Edit: [Breaking Luna blockchain has been halted](https://www.theblockcrypto.com/post/146615/terra-blockchain-halted-to-protect-against-possible-attack). I’m not familiar with details of that yet, but read below for my initial post.~~ The blockchain has resumed without staking + +Edit2: multiple sources are saying circulating supply is actually 33B+ a 10,000% increase from the prior amount of 343M since May 8th. + +Edit3: according to the link in the top comment supply is 50B now up 50% since this was posted…. + +Edit 4: if ops top comment is to be believed we’re at 227B total supply of Luna now. Up 7x from when this post went live. + +Edit 5: We just hit 1 trillion in the circulating supply of Luna. Like 20 minutes later we’re now at 2.43 Trillion..3 Trillion +Maybe 2 months ago, USAA (serviced by Nationstar) sold my loan to Mr Cooper and now they are harassing me by phone. I've probably received 50 calls in the last 2 months offering to review my 30-year fixed rate loan - which is pretty well set, no changes needed. I get they are fishing for opportunities to refi, make more fees and sell something, but this is harassment. + +Anyone out there successfully get them to leave you alone? I've requested multiple times over the last 2 months to be removed from their call list, but the calls keep coming. + +oh, btw, pay on time, every time, direct draft - so like literally they have no legit reason to ever call me. +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) + +**Edit: This is about using the transferred securities as collateral for any other borrowing (margin) activities or even to make their balance sheets look good. The fact that the pledgee (borrower) no longer has the securities moved to their account means they cannot use it again as collateral - i.e. rehypothecation. This. Is. Huge. and. Tits. Are. Jacked.** + +Edit2: If DTC marks the shares with a "system notation", it is possible that the new share ownership - generated during a short sale - can then be bought and sold as a normal share but has the condition of "cannot be used as collateral". This would mean no rehypothecation and thus a company cannot be shorted over 100% (like a lien on a house) + +# Synopsis + +As most apes know, short selling is done by borrowing a stock and selling it right away. The stock is then bought back later (hopefully at a lower price) and they return the share and pocket the difference. + +Before this rule change, a share being borrowed would be moved from the lender’s account to the borrower’s account. This was to make sure the lender didn’t lend out the share again. But it didn’t say anything about the borrower! + +This rule change says that the share now stays in the lender’s account and is marked as borrowed by the borrower, and it is part of a legal agreement. + +# What's Changed? + +All the actual changes can be seen in Exhibit 5 on Pages 111-115, and you’ll see that the language for the Guide and the Agreement goes from moving the security to the pledgee’s (borrower’s) account to simply making a system notation. **This is a huge change, regardless of how DTC was tracking it.** + +The Pledgee’s (Borrower’s) Agreement used to say: + +>When pledging securities to a pledgee, the pledgor’s position is **moved from the pledgor’s general free account to the pledgee’s account** which prevents the pledged position from being used to complete other transactions. + +This was to prevent fuckery by the pledgor (lender), but adding it to the pledgee’s (borrower’s) account allows for rehypothecation. Instead the change to the Pledgee’s Agreement now says: + +>When Pledging securities to a Pledgee, the Pledgor’s position continues to be credited to the Pledgor’s account, however with a system notation showing the status of the position as Pledged by the Pledgor to the Pledgee. **This status systemically prevents the Pledged position from being used to complete other transactions.** + +This now covers both pledgor (lender) and pledgee (borrower) from rehypothecation of the share. + +# Example for a 5 year old + +When your brother Johnny borrows your bike and gives you a cookie for your trouble, you and Johnny used to just "remember" that it's your bike and then Johnny could say that it's his bike (even though Mom and Dad said they took a note that it's your bike). That meant that Johnny could lend out your bike to someone else and get a cookie. + +This rule puts a sign on your bike when Jonny borrows it saying "This is a borrowed bike" so that no one else can borrow it. + +(Johnny is a trifling hedgefuck in this example) + +# Misleading “It’s just a technicality” Statement + +There is a misleading statement in the filing (Page 15) + +>DTC believes there is a general misunderstanding of the purpose of this proposed rule change. For the sake of clarity, and as more fully described above, this proposed rule change will not alter DTC’s current practices…This is the existing practice today and will not change. Rather, the proposed change will clarify the text of the Settlement Guide to better reflect the current practice. + +The filing updates both the Settlement Guide **and the Pledgee’s Agreement!** + +[Description section of the SEC Filing Form 19b-4](https://preview.redd.it/3ojxg4f7ii571.png?width=604&format=png&auto=webp&s=98bbba65cb1f48e7df85f71ab4d5e45a664f7a95) + +# How Does It Affect Apes? + +It is apparent that any future short positions taken will no longer allow reyhypothecation, but there are some things to consider: + +1. Are the Pledgee's Agreement changes applied to already-signed agreements? If not, will they issue an agreement to re-sign? +2. How is a stock impacted at the end of an FTD cycle +3. How are options practices affected? + +The changes in this filing pertain to the DTC's “Collateral Loan Program" and I'm hoping someone else can help answer how #2 and #3 are impacted (if at all) by this change. + +TL;DA No more rehypothecation fuckiness. + +**🦍** **🦍** **🦍** **🦍** **🦍 + 💎✋ = 🚀🚀🚀🚀🚀**🌕 + +&#x200B; +Hello, I hope this the right sub, if not could you please point to the right directio please, thanks in advance. +So basically, I am an EU citizen living in UK. +Everything aside I made a disicion to move back to my home country in EU (Lithuania) and since my hit 22's and was enrolled to private pension sheme, and since I was paying around £100 each to it for the last 5 years. +So my question is is there any chance that I can return my money, because I am leaving UK permanently. I can't find any information online. +If anyone has dealt with something similar and can share experience that would be nice. +Thanks in advance. +P.S If this has any difference, but I work in American company, and the name of the private pension sheme company is "BlackRock" whick is also an American company (again if this has a diffrence at all). +"People investing in the corrupt Banking System should be aware of risks", a local cryptoenthusiast says. + +The Bitcoin has said that Bank Of England could be “worthless” and people investing in the money horders and launderers should be prepared to lose everything. + +In a warning over the potential risks for investors, the cryptoapes questioned whether there was any truth in the fact that the banks are in bed with the government and although the government tells the banks to “treat people fairly,” they continue to steal your money, while greedily taking money from you (via the government and your tax dollars) at the same time. + +That was until they found out that Banks have the power of creating billions of dollars out of thin air and lending it to us and cashing it back with interest while destroying the money created from thin air but keeping the interest on your payments, then yes understood that banks steals their money... and that indeed the Bank of England could become worthless if crypto replaced it since everyone could then have their own banks. +I'm currently 19, I'm a full-time student, and I'm still living with my parents. I've just recently heard about Roth IRA and it's been a big eye-opener to just how ignorant I am. Are there any basic financial planning advice or things I should know at this stage? + +For example, programs or special accounts like the Roth IRA that will make a significant impact on my future that I should start doing now. Like I mentioned, I'm completely lacking any knowledge whatsoever about finance and I want to change. Normally, I'd google the things I don't know but since I don't even know what I don't know, I have no clue where to start. +I know it varies A LOT. But like, (if you don't mind me asking or you sharing) what did you have at 18? Did you wish you had more, were you well off? How did you start financially planning your life? +I am five months into my first “real job” after graduating from college in May. While the only debt I have is student debt, I find it hard for me to save up as I have been pretty reckless with my spending since starting work. + +I think a large problem is putting everything on my Chase Unlimited and Uber card and dealing with the implications later. I am planning on physically cutting up both my credit cards that way I am seeing my actual balance on my checking go up on down and hoping that will stop my spending habits. + +Are there any implications to doing this, credit-wise for the future? I still have subscriptions linked to my cards (gym, Netflix, Spotify) to keep them somewhat active. + +Thanks! +My parents are divorced. Immediately after I graduate I will be on my own because my mom is moving across the country. I’m buying my own car with my own money soon, and neither of my parents want to pay insurance. My dad blames his lack of money on my mom for child support but I know damn well he makes around 100k a year so he’s just being shitty. My mom is declaring bankruptcy and only makes 30,000 at most, and is not able to help me pay for insurance at all. Im a contact worker making 15$ an hour, however my job ends after 5 weeks. I really need help because I don’t know if i’ll be able to pay my own gas, insurance, and car fixes on a minimum wage job that I’ll be getting after my contract is done. What do you guys suggest I do?? +Hello all! +I’m relatively new to this subreddit so I do apologize, but I am looking for small easy ways to help bring in passive income to help support me and my wife! I’ve heard of drop shipping and all that but I think drop shipping is a little risky. I do have a tiny amount of money invested into stocks but that’s about it, I would really appreciate any advice on bringing in passive income or any advice on money management and planning! Thank you! +I wanted to get some thoughts on the best way forward with saving for my kids. + +Our strategy is to put away $1K each year per kid for them to use when they are either 18 years old or 21 for a life boost (i.e. buy a car, help with some college payments, or to help fund some a trade school). + +It's not a ton of money I know but I have it in a regular saving account and I feel we need to put it in something more useful. Should I put it in a CD instead? Is there a better way to save? +22M, new to Seattle area, no family or friends (long story, but, I moved here with my partner and he left me 2 weeks after we got here oops). Looking to get my debt under control and prepare for anything that may come up, but I cant even figure out where to start. I feel like i am barely staying afloat, and honestly most months I end up falling behind on one or two payments and have to pay that bill as soon as I get my paycheck, and i feel like i am stuck in that cycle and want to get out. I've tried apps like Mint but i still don't feel like they're helping me actually get any control. Any ideas or suggestions would be greatly appreciated. + +&#x200B; + +Below is a list of total obligations including minimum payments, due dates, and interest rates/APR. + +|Name|Interest Rate / APR|Total Balance|Minimum Payment|Due Date| +|:-|:-|:-|:-|:-| +|Phone (Verizon)|\-|\-|$143.95|6th| +|Car Loan|4.89%|$9,993.11|$190.66|15th| +|Car Insurance|\-||$176.00|29th| +|Rent|\-|\-|$1,300|1st| +|Apple Music|\-|\-|$4.99|22nd| +|Hulu|\-|\-|$11.99|14th| +|Credit Card #1|24.24% APR|$1,004.95|$30.00|27th| +|Personal Loan|8.84%|$2,471.13|$122.97|29th| +|Credit Card #2|17.5% APR|$2,544.29|$75.00|25th| +|Credit Card #3|27.24% APR|$472.00|$28.00|4th| +|PlayStation +|\-|\-|$9.99|5th| +|total:|\-|$16,485.47|$2,090.55 / month|\-| + +I plan on switching from Verizon to Mint mobile once I finish paying off my phone (roughly $900 left on phone balance) to cut down on monthly phone cost. Also planning on calling and speaking to my insurance agent to attempt to lower my monthly insurance policy cost. Currently, I am lucky enough (well, ya know "lucky enough") to work at McDonald's, so most of my meals come from work for free, even on my off days. Currently, rent is not something I can change even though it is well over 30% of my monthly income, it is my share of our mortgage. + +&#x200B; + +Income is as follows: + +|Work|\~$1,226 / paycheck|\~$2,452 / month| +|:-|:-|:-| +|parents|\-|\~300 / month| + +I am attending interview in an attempt to move careers. Most promising interview was yesterday, and I was invited back for a second interview this coming Tuesday. If i got the job, it would be a raise from $18/hr to $20/hr. Still 40 hours a week, bi-monthly pay. I would most likely step down from my current position at McDonald's if i got this new job, and would pick up a couple shifts a week to supplement my income and make ends meet. Also currently pursuing an associates in business with a transfer pathway to a bachelors in accounting which i am lucky enough to have the total cost of tuition and supplies covered by McDonald's reimbursement program. + +Would a personal loan be a valid option to consolidate my credit card debt and make one monthly payment instead of 3? Any other suggestions on how to get my debt under control and start to feel like im actually able to breathe? +I just got a job with the state working for the school district and I’ve opted into retirement with the state but I have to pick between SCRS (which is more straightforward and i get a set amount based on years or service and age i retire at) and State ORP (which is solely dependent on how well my investment grows) + +Which should I go with at 19 years old and definitely knowing that I’ll be teaching for a while but possibly taking years off to raise kids but not certain. I can go from ORP to SCRS at the end of year 1 and year 5 but I can’t go into ORP once I opt into SCRS. I literally have zero financial knowledge and I’ve asked a ton of people around me about their retirement but I figured I’d post this here as well! + +Thanks in advance! +Hello everybody! In need of some financial advice. Little bit of background first. Single father, 25 years old, and still living at home. Trying to pay my debts off within a year so I can purchase a home of my own next spring. My pay checks differ every time but would say the lowest they are, take home, is $2000 a month. Figuring all my expenses they average around $1300 a month. I haven’t had the greatest roll models when it comes to saving money and putting money away. I have 4500 in credit card debt that needs to be paid off before I am able to purchase a home. Wondering if there’s any advice you guys can give me on ways to save money and/or pay off those debts in this year. I’ve read books, done some research, but can’t seem to find a way of saving that works for me. Please help!! Getting really frustrated with never getting ahead. Thank you in advance for all your help!!! +My wife and I have been going out to a nice dinner every time our net worth is up 50k as a small celebration of being financially stable. we just hit 1M, and dont know how to celebrate given the pandemic. dinner feels to small. we also have 3 young kids. + +&#x200B; + +Note: i understand this is a very good problem :) wishing every the ability to get to this milestone! +I recently found out that what I thought to be a Trust account, is actually a UGMA account that I have full control over. There's currently $85,000 in a managed account, of which $75,000 is invested in various stocks. + +I'm wondering whether I should leave it where it's at, already invested, or to withdraw $19,000 in 2021 to put into my wife and my IRA's and shared HSA. We've already hit the max for contributions to these accounts this year, but we're planning on another baby for next year, so we would likely not hit our maximum contributions due to baby expenses. It's a series of trade offs and I'm not sure which is best. +The cannabis market right now is so similar to the start of the green energy market.. its nowhere near done being bullish. Save for some small dips, there will very likely be a huge bullish trend for 2021. [EVEN NASDAQ AGREES](https://www.nasdaq.com/articles/cannabis-stocks-may-be-2021s-big-winners-2021-01-07). I’ve posted my positions a [few times](https://www.reddit.com/r/pennystocks/comments/ktvx01/almost_60k_in_cannabis_stock_gains_14_18/), and I’ll continue to do so. But this is my reasoning for investing in cannabis stocks in general for 2021. + + +* I've been a bull on cannabis since the democrats had a strong pro-cannabis platform. But what made me go balls deep into the market was that the **UN changed its classification of cannabis**. Countries follow the UN closely for guidance on their own classification of controlled substances. Congress has [repeatedly cited](https://www.brookings.edu/blog/fixgov/2015/02/13/how-to-reschedule-marijuana-and-why-its-unlikely-anytime-soon/) the UN’s classification as one of the reasons for not changing it. Several countries immediately changed their stance on cannabis in response to this, including Israel, which In November 2020, announced that it was moving forward with a plan to legalize recreational cannabis nationally. “The country is aiming to implement recreational legalization within nine months, and even if there are delays, that means mid-to-late 2021.” (This is my reason for investing in **Canadian cannabis companies**, because they are already **poised to expand internationally since its legal there nationwide**) + +&#x200B; + +* **THE SENATE IS NOW BLUE!** The Georgia runoffs were won by Democrats, and they can now swing the vote left with VP Harris. She promised it as part of her platform, so we know it will be prioritized. [CHUCK SHUMER SPONSORED THE MORE ACT](https://www.democrats.senate.gov/newsroom/press-releases/schumer-statement-on-ending-the-federal-prohibition-on-marijuana-following-the-house-passing-the-more-act). HE WILL BE [SENATE MAJORITY LEADER](https://www.nytimes.com/2021/01/08/nyregion/chuck-schumer-majority-leader.html). IT WILL 100% BE PRIORITIZED BETWEEN HIM AND VP HARRIS. + +&#x200B; + +* EVERYONE predicted beforehand that the republicans would win Georgia... [everyone talked down decriminalization passing the house because of they believed it would NEVER pass the republican majority senate](https://www.npr.org/2020/12/04/942949288/house-approves-decriminalizing-marijuana-bill-to-stall-in-senate). But the left spent more than any senate race in history to encourage voters to go out and vote. Only once the race started did it become clear that the left had a chance. Then some gains from the surprise that they won. However the gains from 1/5 onwards definitely hasn’t been priced in for all the future legislation, because **some of it will be completely new legislation that wasn’t possible to consider before without a blue senate. THIS HASN'T BEEN PRICED INTO THE MARKET YET.** + +&#x200B; + +* The **SAFE BANKING ACT** has bipartisan support, and is likely to pass [BEFORE decriminalization because it is tied into some stimulus bills.](https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-certain-incoming-financials-filings-are-imminent-301203235.html) + +&#x200B; + +* The government is broke post-COVID. There is a terrible image of the police. They don’t want to waste more resources on cannabis related crimes that would be fixed under decriminalization. And the tax revenue from decriminalization would be significant. **Decriminalization (THE MORE ACT) opens up the borders to interstate-commerce and international import/export**. This would all trickle down into Uncle Sam’s empty pockets. + +&#x200B; + +* New York Governor Cuomo announced on Jan 6 his plan to legalize marijuana for adult use (right after New Jersey vote, as I anticipated in my last post) as part of his State of the State agenda. The next step is a ripple out on the North East. NY didn’t want to miss out on tax revenue, neither will any of the other states in the northeast within driving distance of NJ and NY. This is Cuomo’s third attempt in three years to legalize adult-use cannabis in the state; last year, Cuomo included a legalization proposal in his state budget, but the plan was ultimately cut in the wake of the COVID-19 pandemic. + +Other ongoing state legislature: + +* **Rhode Island:** Regulators have received 45 applications for six new medical cannabis dispensary licenses in the state. If all applicants meet the requirements for a license, six will randomly be selected in a lottery to operate retail locations in different regions across the state. [Read more](https://www.cannabisdispensarymag.com/article/rhode-island-receives-45-applications-for-6-new-medical-cannabis-dispensary-licenses/) +* **Missouri:** Rep. Shamed Dogan has filed legislation that would place an adult-use cannabis legalization measure on the state’s 2022 ballot. Meanwhile, Missourians for a New Approach has announced plans for a separate 2022 ballot initiative after an unsuccessful signature campaign to get the issue before voters in 2020. [Read more](https://www.cannabisdispensarymag.com/article/missouri-lawmaker-introduces-legislation-adult-use-cannabis-legalization-2022-ballot/) +* **Alabama:** Sen. Tim Melson plans to reintroduce a medical cannabis legalization bill this year. Medical cannabis legislation passed the Alabama Senate during the 2020 session, but failed to clear the House. [Read more](https://www.cannabisdispensarymag.com/article/alabama-lawmaker-plans-to-reintroduce-medical-cannabis-legalization-bill/) +* **Illinois:** Illinois lawmakers have proposed the creation of 75 new cannabis retail licenses to give disadvantaged and minority applicants a second chance at licensing following the controversial licensing lottery to issue an initial 75 dispensary licenses. A work group made up of lawmakers and members of Gov. J.B. Pritzker’s administration met this week to finalize details of the bill, which will be introduced in a lame-duck session that starts Jan. 8, before new lawmakers are sworn in Jan. 13. [Read more](https://www.cannabisdispensarymag.com/article/illinois-lawmakers-to-create-75-new-cannabis-retail-licenses/) +* **Minnesota:** House Majority Leader Ryan Winkler is again renewing his push to legalize adult-use cannabis in the state, announcing plans to reintroduce a legalization bill this year. Winkler told WCCO that he sees “Senate leadership as being the number one obstacle,” but said that if lawmakers agreed to place an adult-use legalization initiative on Minnesota’s 2022 ballot, “it would pass overwhelmingly.” [Read more](https://www.cannabisdispensarymag.com/article/minnesota-lawmaker-to-reintroduce-cannabis-legalization-bill/) +* **Virginia:** Del. Steve Heretick has reintroduced a bill to legalize adult-use cannabis. Heretick has proposed legislation related to decriminalization and legalization in the past, and this year’s bill would legalize the cultivation, sale and consumption of cannabis in the state. [Read more](https://www.cannabisdispensarymag.com/article/virginia-lawmaker-reintroduces-bill-to-legalize-adult-use-cannabis/) +* **Connecticut:** Gov. Ned Lamont renewed his push for adult-use legalization during his State of the State address Jan. 6, announcing that it is a priority for the new legislative session. Connecticut’s 2021 legislative session opened Jan. 6, and Lamont, a Democrat, kicks off the session with increased majorities in the House and Senate, which could increase his chances of passing an adult-use legalization bill. [Read more](https://www.cannabisdispensarymag.com/article/connecticut-governor-says-cannabis-legalization-priority-new-legislative-session/) + + +***Now that you understand why I’m going green, here’s my reasoning for my positions.*** + + +**TLRY (Tilray)** + +* largest cannabis company in the world by revenue post merger. Will run out of Seattle and New York City. New York Legalization on top of senate turning blue is a big catalyst for TLRY. +* Merger hasn’t completed yet, and the merger happened before the senate went blue.. that was the gamble APHA was making, and they won. The sky is the limit now. When they merge, they will reduce expenses and be much more likely to post profitable quarters. (This is why mergers have so much hype; the sum is > than their parts because they can reduce operating expenses while maintaining revenue from the two companies) +* Tilray CEO Brendan Kennedy: “I think medical cannabis will be legal at the federal level, which means medical cannabis can cross state lines and be imported into the U.S., like we export cannabis from Canada and Portugal to about 15 countries now,” Kennedy said. “Anyone who thinks there’s a state-specific medical market is wrong.” As for the recreational market, Kennedy says the state-specific markets, with interstate trade banned, “are not going to last long.” Kennedy believes that cannabis will be distributed like alcohol and tobacco within two years’ time. That would require significant overhaul of US federal drug laws—and would significantly disrupt all US cannabis companies’ existing business models. Brendan Kennedy, the cannabis billionaire will step down as Tilray's chairman and CEO. Irwin D. Simon, Aphria's current chairman and CEO will take Kennedy's place. +* \[On December 18, 2020, just three days after the U.S. Senate adopted the Cannabidiol and Marihuana Research Expansion Act (CMREA or the Act) (more on this below), the U.S. Drug Enforcement Administration (DEA or the Administration) published in the Federal Register a final rule, “Controls To Enhance the Cultivation of Marihuana for Research in the United States” (Rule), which finally paves the way for DEA to issue additional licenses to grow “marihuana” (i.e., cannabis) for research purposes.\]([https://www.jdsupra.com/legalnews/on-heels-of-senate-s-adoption-of-36129/](https://www.jdsupra.com/legalnews/on-heels-of-senate-s-adoption-of-36129/)) + +**GNLN (Greenlane Holdings)** + +* One of the largest global sellers of premium cannabis accessories. **Pax/JUUL/Volcano products.** I’ve had Pax products, and although I prefer Arizer because of the affordability, I can’t deny Pax has quality products and is like the “iPhone” of vaporizers. I like their products, I like their branding. There’s lots of hype and loyalty, especially with their Volcano desktop vaporizer. +* Strong US brands. +* The main reason they did poorly was bad timing. They IPO’d during the year that JUULs started being banned. They’re actually at all those levels again. Theres a ton of upside potential. +* Market cap is ridiculously low for some really renown brands all because of the JUUL flavor pod ban. Everyone knows Pax, Volcano, and JUUL. But no one knows Greenlane because of the bad timing of their IPO and the subsequent JUUL flavor ban. It’s crazy. They’ve already broke all time high for the year. But I’m holding until they break 1B market cap. +* Recently became the exclusive distributor for the world's first [gravity powered contactless water hookah.](https://www.globenewswire.com/news-release/2020/11/18/2129049/0/en/Greenlane-Becomes-Exclusive-Distributor-for-World-s-First-Gravity-Powered-Contactless-Water-Hookah.html) +* Overall i think too many people count it out just because of their IPO and subsequent decline in JUUL sales from the JUUL flavored pods ban. They definitely have the potential because of their strong branding and quality products. I’m betting on them having more high quality products in the future with equally loyal customers. + +&#x200B; + +**SNDL (Sundial Growers)** + +* SNDL **must close above $1 per share for 10 consecutive sessions by June 26, 2021 or it will be** [delisted from NASDAQ](https://finance.yahoo.com/news/sundial-receives-approval-nasdaq-listing-130000598.html)**.** People see this as a fear factor, I see this as “they will do anything necessary to reach $1 for a week so they won’t be delisted”.. IMHO reverse splitter probably isn’t on the table since they could have done that in 2020, but instead applied for a 6 month extension after announcing “alternative strategic investments”. We can already see this by their **predatory loan SPAC spinoff.** +* Rumors of a merger with CGC; SNDL also purchased a SPAC recently and entered an agreement with Zenabis, immediately claiming they defaulted. Turning that SPAC into predatory loan/debt repurchasing company. Imo if they want to complete a merger, it would be easy to sell ownership through that SPAC to the buyer. +* **THEY RECENTLY WENT** [DEBT FREE](https://www.prnewswire.com/news-releases/sundial-announces-completion-of-financial-restructuring-and-debt-free-status-301196607.html) by selling off unprofitable assets in the business. This means we are much more likely to see earnings in future quarters, and they are much more attractive for mergers. +* Because they are indoor growers, they are more likely to be bought up by a company in the consolidating Canadian cannabis market than fail all together. The amount of space licensed to grow cannabis in Canada is now heavily skewed toward outdoor cultivation instead of indoor for the first time, [according to new data from Health Canada](https://www.newsbreak.com/news/1501283915298/licensed-outdoor-cannabis-canopy-exceeds-indoor-for-first-time-in-canada). A growing population of licenses for outdoor growers means that there aren’t as many indoor licenses being given out... If a company **ANYWHERE IN THE WORLD** wants to **quickly expand into indoor growing OR into the west**, they would have to purchase an existing company that has the license to quickly do so. This is WAY faster, and a guaranteed way to obtain a license rather than applying for one and waiting x amount of months and be rejected for some requirement that wasn’t met. +* From my own experience, outdoor cannabis is subpar quality to indoor grown cannabis. So a growing market for outdoor cannabis doesn’t necessarily mean its better... it is likely just cheaper. I would imagine a high quality “craft cannabis” company would want to purchase SNDL, or an existing outdoor growing company that wants to quickly expand to indoor grown cannabis. With this being a Canadian company, there’s a chance a company in another country like Israel would be interested in purchasing it in the near future. + +&#x200B; + +**PLNHF (Planet 13 Holdings)** + +* Biggest tourist trap in Las Vegas if you’re a stoner, casual smoker, or just wanting to try it. From my own experience, I think they will continue to be successful. If I went around the US trying other brands I’d probably be more confident in putting 5-10% of my portfolio into those picks or choosing to not include them lol. Like for example, I used to have Curaleaf. But there's tons of bad feedback on Curaleaf, a friend has tried it said the nug is really subpar quality and if I tried their nug I’d probably confirm that I wouldn’t want to invest in them. With PLNHF, i’ve seen the ambience and tried the product myself. It’s definitely a lot of hype price wise, but still quality. This is my own bias showing, but I still think they’ve got solid fundamentals and excellent location/strong US branding. + +&#x200B; + +I’m well aware of other good stocks like GTBIF, CRLBF, SSPK, TCNNF, GRWG.. but these stocks **haven’t been swinging as hard in response to pro-cannabis news**. E.g. ***TLRY, SNDL, GNLN swung more than 20%*** some days from pro-cannabis news...I will likely reduce my current positions shortly after inauguration, after some news about the timeline for cannabis legislation, and diversify my positions more between these other good picks. + +&#x200B; + +**2021 is the year of cannabis boys** +(Uniswap for bunny, pancake swap for pbom) + +$BUNNY and $PBOM Contract Address: +0x3Ea50B7Ef6a7eaf7E966E2cb72b519C16557497c + +$bWBUNNY Contract Address (for swapping $BUNNY and $PBOM): 0xb41037cf7237f5d231c9c60dcb50f605e846488f + +FAQs +Q: How can I see the market cap? +A: Take the total supply and subtract the burn address (top holder wallet). Then multiply by the current price per token. + +Q: Why are there 2 tokens? +A: Given today's high gas fees on Ethereum and rise in popularity of Binance Smart Chain, having a presence in both is necessary to reach a larger audience of investors. + +Q: How will $BUNNY and $PBOM coexist? Will one hurt the other? +A: Their value will match each other and both projects rise together. Read up on "arbitrage". + +Q: I can't sell. +A: $BUNNY and $PBOM have whale protection. If you hold >1% of supply, you can only sell 25% at a time. + +Q: Why is this worth my time? +A: Rocket bunny is not a animal sh/t coin! It allows the stake of ANY crypto token at crazy %. This also allows for huge partnerships such as the upcoming $ryi and $rugz partnership. + +Rocketbunny.io (Bunny) +Pocketbomb.Io (pbom) +Of course, I know, "this time it's different". And to a degree you would be right to say that, I don't think that what happened last time will necessarily repeat itself. But some people still try to pretend that this is normal market volatility and there were dozens of dips like that in the past - looking at the data, this is really not true. The biggest dips for Bitcoin were (all values in USD): + +* 3,014 to 1,927 (36%) in June/ July 2017 +* 4,863 to 3,100 (36%) in September 2017 +* 7,462 to 5,867 (21%) in November 2017 +* 18,491 to 15,266 (17%) in December 2017 + +Then BTC reached its top at 19,665 and you know the rest, drop to 3,000. + +Currently we have dipped from 64,805 to 39,314 - 40% (**edit: a few hours later, it's 31,000, so we're at more than 52%!**). I'm not saying this necessarily is the big crash, but don't pretend it's just a regular dip. It's a huge one, and it might be the next big crash. +Hoping for some advice. My wife and I just reached an agreement on a new house and are very excited. We're first time home buyers. We have about $40k for a down payment which is 10%. + +Fortunatley, my loving parents have offered me an additional $10,000 which is so generous of them. I currently have an auto loan of about $8000 on which i pay $230 a month. + +Would this additional $10k be best utilized on upping our down payment? Or would it be better to pay off my auto loan, have an extra $230 a month for the house, and use the remaining ~2000 for a small bump in the down payment? + +Thanks for your advice! + +EDIT: thank you all for your advice. To be clear we have agreed with the seller on price, but have only been preapproved and havent secured financing yet. I have a call with my lender tommorow and will check on the PMI and get his advice. + +My car loan is at 3.99%. + +Thanks again! + +FINAL EDIT: Thank you all very much for your advice, varied as it was. I just got off the phone with my mortgage lender and have a much better feel for what to do. The advantages in down payments will only come into effect when increased by increments of 5% so we will stick with our original 10% down payment. I will keep the gift money as an emergency fund. We will need to either sublease or break our lease on a city apartment so im sure I'll require some cash there. + +Additionally because of all the detailed advice and stuff I learned here, i was able to negotiate a reduced PMI (by about 20%) and also got the lender to agree to waive almost $1000 in fees! Thanks reddit financial homies. +We all talk on here about how the stock market WILL recover and will even keep going up for decades to come. + +However, I researched a little about this, and apparently first off the US stock exchange trades for a premium compared to other stock exchanges. + +Next, I came across japans economy. They used to be a superpower. Some even thought they would overtake the US economic wise. + +But it crashed… and it has never went back to that high. + +What makes the US different? I’d love to hear your opinions. I’m not too educated on the subject. +[https://buystocks.co.uk/news/most-traded-us-stocks/](https://buystocks.co.uk/news/most-traded-us-stocks/) +China is today a huge emerging market, with the raise of their middle class being one of the largest macroeconomical processes going on in the world. In 2000, 63% of the Chinese population was considered rural, making the equalent of less than $9000 dollars a year. Today, this number is at just a bit above 40%. It's estimated that in 2050, China will have a full on American style Middle class. These numbers are important, but the specifics are not important. They peak Intrest. + +When the middle class becomes a majority in China, it will lead to so many changes in their economy. Cash transactions will fall, media & entertainment revenues will spike, online shopping will raise similar to other developed counties , mobile and internet usage raises quickly and technology will be developed and implemented faster. These trends affect tons in financial markets, and it's been my focus for the last 4 months. + +JD.com, Tencent, Alibaba, IQIYI, Baidu. +All these companies that you hear off all the time all over the financial world the second China comes up. To analyze companies that provide services, you have to do estimates about their possible valuation must be multiplied by the development of China. As the market increases, so does revenues and afterward profits. Today, according to JingDongs research in their latest reports, Chinese retail market is increasing 11.3% annually, along with e-com that increases 21%. On top of all of these companies natural growth, they see this raise of the middle class and therefore increase in possible market size. + +As a last note, there is an Intresting catalyst I'll do a write up on later, that will most likely happen during the coming year. As of today, all of these companies mentioned above are traded through international holding companies. They do not trade in the Chinese markets as well, but only though these American exchange posted cayman island / Marshall Island style holding companies. The Chinese government plan to during the coming year let these companies trade on Chinese exchanges, allowing all the Chinese investors to be let lose at the giants of their own country. Allowing these companies onto the Chinese stock exchanges would increase the investments into these companies, forming what will perhaps be a great catalyst for the companies. Today it's hard to know though, as the specifics are not nailed down. I am currently researching it myself trying to calculate make estimates, and will post my findings once I belive them myself. I'll be honest, it's hard. My mandarin reading is also weak. Many times weaker than my near worthless speech. + +So what's the point of this post? Well, to give out some information which isn't obvious. Also my opinion that these companies are all worth holding, if you are willing to hold not only a risky growth company, but a risky growth company within a risky growing emerging market. If you are looking for something new, exciting, rewarding and challenging to research and understand, do like me and delve into China. It's been very challenging, but my models are starting to feel somewhat close to reality. + +I have during these last 2 months increased my position in China to 31% of my portfolio, with the largest position of my holdings being in JD.com and a lot of love for the newcommer IQIYI + +Thanks foe reading! Happy to discuss + +/r/lykosen11 + +A few sources to read: + +https://www.google.se/amp/s/amp.businessinsider.com/chinas-middle-class-is-exploding-2016-8 + +https://chinapower.csis.org/china-middle-class/ + +JingDong JD.com reports + +https://www.investors.com/news/technology/alibaba-listing-in-china-would-fuel-new-opportunities-for-investors/ +I am fascinated by the discussion about the best age to collect Social Security- if you are retired- found on various financial messages boards. Regardless of the Internet site most people say they will wait until they are 70 years old before collecting so they can get a bigger check. + +Funny thing is most studies say only about 3&#37; of people will actually wait until they are 70 to collect Social Security Benefits. + +Are the wait until 70 crowd on message boards a group of Walter Mitty's wanting everyone to know they are financial geniuses who will live to 100 years old and have so much money saved that SS is just an after thought? Or fools that don't understand that they are losing in the end because they miss 8 years of checks and have to take money out of investments to cover expenses and have less money to invest because of these withdrawals, while they wait for their first check at 70 and likely die before they break even? +The psychological side of FI is rarely discussed, so I wanted to share my experience about losing purpose, which come up through discussions in other posts. + +&#x200B; + +When my career felt like someone else was pulling the strings I made FI my purpose in life. My life was so committed to it that giving up never felt like an option. I finally reached my goal, then retired early to spend time with my family. My purpose in life was now gone, but I expected new goals to replace it. + +&#x200B; + +FI made so many opportunities possible, but I wasn’t really motivated to commit to anything, which started making me feel guilty and a little bored. Things became worse when I isolated myself and tried to bury these feelings by keeping busy. When I finally broke, I unexpectedly found something I enjoyed doing, writing. It didn’t feel like a life purpose, but that wasn’t so important anymore. Writing helped me connect with others in a similar situation, which was an important step for me to appreciate the achievement, and start enjoying FIRE. + +&#x200B; + +What are your experiences of, or questions about, the psychological effect of becoming FI? +A month ago my spouse's grandfather died and left his house to his only child, my mother-in-law. She already has a house and offered to sell his house to my spouse and I at half-price. This is very exciting to us as we've been renting a cramped apartment for the past 15 years. Buying this house at half-price (which ends up being under $100K) is really the only way we'll probably ever be able to buy a home. Also, MIL says we can keep whatever stuff we need to set up house, like any furniture or appliances that are already there. + +However, I worry there's a catch somewhere. It just seems too perfect. My MIL even offered to update the roof and gutters before the sale, which is wonderful. Generally it's a well-cared-for house though some items may need updated down the line. It is small and reasonable to maintain. + +Right now my spouse and I make a combined net income of $35,000/yr and I admit I know next to nothing about buying or owning a house. Any pitfalls I should look out for? + +**EDIT**: If this house is sold to us at half-price we'll be paying around $60-80k. + +My MIL is a very generous and non-smothering person who does not expect things like babies or surprise visits (side thought, if this was FIL would these questions even be raised?). Good to think about every angle I guess. + +Also, I maybe should have added that my spouse's grandfather left a good chunk of money to us (this is not including the house), so if we take the house we will use that money to update everything we can to prevent any unforeseen expenses. + +$35K/year isn't a lot but we're working our dream jobs which is more important to us. We've saved a lot of $$, have zero debt, work from home, and know how to live frugally. I'm not too worried since we live in a fairly inexpensive area. Thanks to all for your advice. +If you were tasked to put together a new ETF, something to Buy & Forget for the next 5 years, poised for Growth, what would you do? + +This is my version, I have had it for a few months now and it's doing pretty well for me (except for VZ and GS, I feel like dumping them but... I am confident that they will do well for me in the 5 years timeframe). I know it's heavy in tech, but we do live in a tech-driven society and tech drives the future, so. + +I am not looking to be told how wonderful I am (although it won't hurt), nor a lynching party, but curious on how other people would tackle this exercise. And let's stay away from SPY/QQQ or similar instruments, that's not the point. + +Want to play? + + +**Innovators:** + +* Shopify Inc. Class A Subordinate +* Tesla Inc. +* NVIDIA Corporation + +**FANG++:** + +* Microsoft Corporation +* Netflix Inc. +* Facebook Inc. +* Apple Inc +* Alphabet Inc +* Amazon.com Inc. + +**Staples:** + +* Anheuser-Busch InBev SA NV +* CVS Health Corporation +* Wal-Mart Stores Inc. +* Berkshire Hathaway Inc. +* Walt Disney Company (The) + +**Bad companies that make a lot of money:** + +* Verizon Communications Inc. +* Goldman Sachs Group Inc. (The) + +**Commerce:** + +* United Parcel Service Inc. +* Mastercard Incorporated +* Visa Inc. +* FedEx Corporation +Hello! Sorry if this isn't the right place for this. I'm lost and don't know what to do. + +I work security. Recently the company I work for got bought out by a different security company, and since then me and my coworkers have had nothing but issues. +I'm currently missing two paychecks. One is a two week check from about a month ago which I was supposed to get from the company that got bought out. The other is the most recent paycheck from the new company. I've gotten my last paycheck with the bought out company, but not the one before. The new company is also only paying me for 32 hours instead of 46. +My coworkers are also being shorted on their hours, and my boss can't get through to anyone in the new company. + +My question is what can I do now? Do I call a lawyer? I'm already looking for a new job, but there are no decent jobs in my area unfortunately. +I've already had to borrow money from friends and I'm now behind on bills because of this. +It ALWAYS ends up in a nightmare of repairs. And Toyota, I bought a used Toyota for $7K. Once I hit 65K, the motor died and I was left in a tunnel in a major city. + +Lesson I learned, buy something with a warranty or don't buy. I'm so tired of these buy a beater posts. +Wal-Mart has applied to the FAA for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it seeks to compete with Amazon (NASDAQ:AMZN) in using drones to fill and deliver online orders. "There is a Walmart (NYSE:WMT) within five miles of 70% of the U.S. population, which creates some unique and interesting possibilities for serving customers with drones," a company spokesperson said. When do the cartels use drones instead of tunnels ? =) +Sales of new single-family are down 16.6 percent to 591,000 in April after a downward revision to 709,000 in March. Sales are the lowest since 582,000 in April 2020 during the worst of the pandemic downturn and since 550,000 in December 2018. The level is well below expectations in Econoday survey where the consensus is 750,000 and the low end of the range at 700,000. + +The months' supply of new homes available for sale jumped to 9.0 in April after 6.9 in March and nearly twice the 4.7 in April 2021. April is the highest since 9.3 months' worth in May 2010. + +Despite slower sales and more plentiful inventories, the median price of a new home rose 3.6 percent to $450,600 in April from March and is up 19.6 percent from a year earlier. + +It is clear that rising prices and mortgage interest rates have substantially reduced home affordability. Early May data for homebuilders and mortgage applications strongly suggest that the housing market is cooling rapidly. The boom brought on by historic lows in mortgage rates and by changing housing needs during the pandemic, and later by rising incomes and rental costs is pretty much over. Homebuyers can expect an easing in price escalation and less competition for available units. It is unlikely, though, that prices are going to change course. + +Note that today's report includes annual revisions back through January 2017. + +&#x200B; + +[ Legal Notices | ©Copyright 1998-2022 Econoday, Inc.  ](https://preview.redd.it/cip83r53tf191.png?width=775&format=png&auto=webp&s=160a3c7d7c7e34c66255f77c6d4090c5620e33fe) + +&#x200B; + +[Housing Inventory has risen](https://preview.redd.it/sq9ke4tzzf191.png?width=1783&format=png&auto=webp&s=f82662ccf848c8997621abf29e40303be33e8739) +I was seeing a therapist for a few months now, probably like 5 visits or so. I asked if they took my insurance and they said yes. + +All the while, I paid the copay I expected while we waited on insurance to get back to us. + +Then suddenly, the office comes back and says they don't accept my insurance (Medicare Advantage) and that they never did. + +I made no effort to hide this. I told the front desk AND the therapist who acts as the clinic owner and manager (but not billing). + +After speaking to the incredibly rude billing department, they're telling me I owe over $1,500. + +I'm not sure my avenues, and I was really hoping for some help. + +I'm sorry if this isn't the right place for this. I wasn't sure where it was supposed to go. + +If this isn't the right place, I can delete. I'm sorry. + +Edit;; so I called around. Apparently the CLINIC itself accepts it. It's a smaller clinic with only 3 doctors. The guy I was seeing didn't accept it. They knew I had that insurance and maybe they assumed? I don't know. I'm going to have to pay, but I posted a review stating my experience as I feel like this was a definite bait and switch. Both the doctor and billing knew my insurance but also knew that doctor didn't accept it. +Chalking this up to lesson learned. +Thank you for all the thoughtful responses, and I appreciate everyone that offered help! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +There was a big fat finger on Binance US and 575 coins seemed to have been dumped at much below the market price. Big oooff + +&#x200B; + +[Big fat finger](https://preview.redd.it/yevvecpsrsu71.jpg?width=1500&format=pjpg&auto=webp&s=27ad5a4625fda438a316b41537784fdf290ec3cd) + +A far finger occurs when someone sells but sets an incorrect price. In this case, it seems the whale had set a price much much below the asking price and this has resulted in a flash crash, and others who had open orders at low prices scooped up cheap coins, and were up over 1000% in a matter of seconds. + +&#x200B; + +[Low of 8200!](https://preview.redd.it/d9frbfmassu71.png?width=787&format=png&auto=webp&s=dcca79b2a0f1bea6361836f877f3f1286a5312d8) + +The price was at 8k for 5 seconds, so anyone (or a bot) that was alert could also have scooped up cheap coins. +Just turned 28. Student loans, credit card debt, car loan, and paying my own insurance. + +Living with family, have been for FIVE YEARS. + +Super ashamed of it. But it’s helped me with so much mental health stuff (and it’s my partner and his mom, so we’re a solid family unit who gives each other space). We also help with house stuff and largely don’t depend on her for anything but room and board. + +I want us to move to a better, more affordable state. My boyfriend’s changing careers, so I have some time to save. I can work from anywhere. + +But what do I tell myself to encourage myself and NOT fall into the pit of shame? Lots of financial independence communities just give me side eye for not being perfect up to this point. +ASICs have destroyed Cryptocurrency. Bitmain owns near +35% of Bitcoin’s hashpower. That hash power is literal ownership of the bitcoin network. You’re telling me that future decentralised currency of the world is 1/3 owned by a single company. Centralised Proof-Of-Work sucks and so far people have done little to stop it. + + + +## **It's time to take a stand to this crap. If you don't support fair mining, you support monopoly. If you support monopoly, you're no better than the banks.** + +But first, let’s discuss and start from the beginning: +&nbsp; +# What is an ASIC? +- Application-Specific Integrated Circuit. +- A piece of hardware made for one specific usage. For cryptocurrencies, it is usually a miner made for a specific coin. +- This machine is useless outside its specific baked in algorithm. + +# What is Bitmain? +- Private company founded in 2013 by Jihan Wu. +- Bitmain was created to help develop an ASIC for Bitcoin. + +# What is wrong with ASICs? +- Financial entry bar is high. +- Mining is no longer profitable for non-ASIC miners, meaning you need to be permissioned by JiHan and Co to have any ownership in the system whatsoever, not to mention the ROI is a turd, and they've usually been pre-used. +- They're useless outside their scope, i.e.: if algorithms needed be changed in the future for security reasons all ASICs in the world become useless shitboxes overnight. + +##**Think i'm joking? You're up against this ▽▽▽▽** +[What Bitmain's Litecoin mining factory looks like] (https://imgur.com/a/wV6ma) + + +#Here's a list of the coins that support centralised Proof-Of-Work: + +| Asic | Hash Function | Coins that use the hash function | +|:-----------|:------------:|:------------:| +| Antminer S9|SHA-256|Bitcoin +| Antminer T9+|SHA-256|Bitcoin Cash +| Antminer L3+|Scrypt|Litecoin +| Antminer A3|Blake (2b)|Siacoin +| Antminer D3|X11|Dash + +# Join The Movement: #FairMining +Vertcoin is committed to ASIC resistance and fair mining. One of the major points (if not, the whole point) in the creation of cryptocurrencies is to not have a central point of failure. Increased centralization increases the chances of network failure. + +We support Monero in their fight against the Antminer X3 and their fork happening in April. With the rumors of an ASIC being created for Ethereum, we urge Ethereum to continue with their vision they set out in their whitepaper to stymie ASICs. + +# We urge all coins, not just the ones without ASICs, to join the fight against ASICs and Bitmain! +You're either with us, or you support them! + +# [#FairMining](https://twitter.com/Vertcoin/status/978641118941384704) + +For more information visit our [Medium article] (https://medium.com/vertcoin-blog/vertcoin-a-call-to-action-against-asics-f8d47aef895d) +I am inexperienced in dealing with insurance companies, but this seems a bit strange to me. The other driver apologized profusely but was reluctant to give me her insurance information although I got a shot of her license. She says she would like to pay out of pocket for the damage to my car so her premium doesn't go up, and she seems sincere. I was not seriously injured but I was already in the middle of being treated for a pinched nerve in my neck, which hurts all the time. What kind of financial risk am I opening myself up to by not making an insurance claim? +If you can type, read/write, and do basic math, you are capable of getting a job in accounts payable and accounts receivable. + +Payable is money going out (your company gets the bill, you make sure it’s accurate, then you pay it) + +Receivable is money coming in (your company creates a bill, you make sure any discounts are applied properly, then you make sure the bill has been paid in full) + +I highly recommend [the accounting game lemonade stand](https://www.goodreads.com/book/show/420846.Accounting_Game) book. It’s the easiest way to learn credits/debits and the other jargon needed. +First bought in at $20, subsequently bought many more times up to $329.92. + +I’m well balanced and even now average out at $131.37 including taking enough profit last week to be in the green overall(ahead of what remains invested) and taking into account I invested $4.5k on behalf of my brother which negatively impacts my position. + +I’m up. + +I’m comfortable. + +I can remain in play indefinitely with zero impact. + +Having said all that, the perfect time to buy across my whole journey is right now. Squeeze ain’t been squoze. Price is reasonable AF. Future is bright. Marketing is free, and as a side bonus there’s half a chance of breaking a hedge fund. + +The future publicity through movies, docos and financial text books is infinite and I can’t see any way that you lose money in the short, medium or long term. The Social network... enough said. + +Anyway, you look after you- for me though, this and $pltr are my spare change jar for the next little bit. Bet I’ll be smiling when I stop. + +What’s your pick for the next few years? +APES, don’t immediately downvote: Please read and know that eToro doesn’t allow transferring shares. + +**Tl;dr — Sold my “shares” on eToro. Used that money to buy real shares on IBKR. DRSed 100%** + +This may be a bit of a controversial opinion, or a controversial course of action, but I never felt safe with eToro. + +From the so-called proxy voting to the fact that they refuse for your shares to be directly registered, and lest we forget they “accidentally” closed positions in February — I simply don’t trust them. + +I distrust them so much, that I decided to take the jump back when GME hit the 160-something mark. I went against common advice that one never should close or sell: I sold all of my shares. + +**I immediately bought back the very same quantity and then some at IBKR. The moment my shares were settled I initiated the process to transfer them all to Computershare. In other words, I had my shares direct registered.** + +**Not only are my shares now truly mine, I also rest assured knowing that they have been withdrawn from DTCC, and that’s just a handful of shares the hedgies cannot fuck with.** + +While I cannot give you financial nor legal advice, and this is a decision only you get to make, I will say this: + +**If I still had shares with eToro or any other broker that I wouldn’t trust, I don’t think I need to name any other names, I will do it all again especially now that the stock is at a discount.** + +I personally wouldn’t want my shares to be with a broker that I can’t trust. There is nothing more secure and more reliable than having your shares directly registered in your very own name. + +Again, not financial nor legal advice. + + +**Tl;dr — Sold my “shares” on eToro. Used that money to buy real shares on IBKR. DRSed 100%** + + +PS for those of you who already migrated from one broker to IBKR, here’s a handy manual I made on how to DRS your shares to Computershare all by yourself — for Apes from all corners of the world 🌎 🌍 🌏 + +https://www.reddit.com/r/Superstonk/comments/raz5uv/drs_your_shares_all_by_yourself_from_anywhere_in/ +On the market many companies will do a stock split to make their stocks more comfortable for people to buy. + +At the moment talking about buying BTC can be intimidating due to the value of a single BTC and its volatility. If people started to think of buying a Sat, rather than a BTC, it would be easier to digest, and the perceived volatility would drop too, because we’re talking cents rather than thousand of dollars. + +We’re now at a value that makes sense too. I can buy 10,000 sats for less than $5 USD. That’s a bargain! +Hi all, I could use some advise. + +I currently have a dual role. I’m literally working my ass off. There’s two of us that are holding this specific position and I’ve come to learn that we are paid 15% less than the other associates who are holding a single role. Last year, it was 25% less than they earned. + +I don’t think this has anything to do with experience. The other individual has around 20 years experience and I’m pretty new. We’re both being taken advantage of it seems. + +I sat down yesterday and ran the figures and it appears that with a lower base salary in 2019, I made more holding a single role with less responsibility than I did in 2020 with that same role as well as a secondary role with a significant amount of responsibility and a bump in base pay. + +I have a meeting on Monday to discuss. This year I was given a slight bump in base pay and a bump in my incentive for hitting target but again, I’m making 15% less than my other colleagues. + +Is there anything specific you’d suggest pointing out to solidify why this is blatantly wrong to articulate a bigger bump in pay? We’ve been told to not discuss salary with one another so I’m not sure how to get around that... +**THE BEARS** + + +**1. Ray Dalio: Expect a 20% sell-off in the stock market if rates keep rising.** + +"With inflation well above what people and central banks want and the unemployment rate low, it's obvious that inflation is the targeted problem, so it's obvious that the central banks should tighten monetary policy. Everything will flow from that," Dalio said on Wednesday. + +"I estimate that a rise in rates from where they are to about 4.5% will produce about a 20% negative impact on equity prices," Dalio said. + +**2. Scott Minerd (Guggenheim CIO): A 20% decline in the S&P 500 could happen by mid-October.** + +"It's really stark to see the price-to-earnings ratio where it is... given where seasonals are, and how far out of line we are historically with where the p/e is, we should see a really sharp adjustment in prices very fast," Minerd said last week. + +"It appears people are ignoring the macro backdrop, monetary policy backdrop, which would basically indicate that the bear market is intact. We may very well already be in a recession... with YoY core PCE now at 4.6% and S&P 500 trading at ~19x, we should see stocks fall another 20% by mid-October," Minerd said. + +**3. Jeff Gundlach (DoubleLine Capital founder): The credit market suggests both the economy and stock market are in trouble.** + +"The action of the credit market is consistent with economic weakness and stock market trouble. I think you have to start becoming more bearish," Gundlach said on Tuesday, adding that he agrees with Scott Minerd's call that stocks can fall 20% soon. + +"You always want to own stocks, but I'm a little on the lighter side...buy long-term Treasurys, because the deflation risk — in spite of the fact that the narrative today is exactly the opposite — the deflation risk is much higher today that it's been for the past two years," Gundlach said. Gundlach believes the Fed should hike interest rates by just 25 basis points next week. + +**THE BULLS** + + +**1. Tom Lee (Fundstrat founder): Inflation has already peaked and that means you should buy stocks.** + +"Even for those in the 'inflationista' camp or even the 'we are in a long-term bear' camp, the fact is, if headline CPI has peaked, the June 2022 equity lows should be durable," Lee said on Friday. + +August's higher-than-expected CPI report "does not mean stocks have to break below the June lows," Lee said, as he reiterated his view that S&P 500 will rally more than 20% to new highs by year-end. + +**2. Jeremy Siegel (UPenn Wharton professor): Inflation is falling and whoever wanted to get out of stocks already has.** + +"It seems like everyone that wants to be out of the market is out, and everyone that wants to be tactical is short. Therefore the surprises are going to be to the upside... when everyone has sold, only the buyers are left, and the shorts are exposed," Siegel said on Monday. + +Siegel said if the Fed says rates will be higher for longer, "That would be a policy mistake. I think they're going to look at the economy, and I hope they understand what the statistics are and what on the ground inflation is." + +**3. Marko Kolanovic (JP Morgan Chief Global Strategist): The stock market will rally as inflation resolves itself.** + +"Given the lag it takes for rate hikes to work through the system, and with just one month before very important US elections, we believe it would be a mistake for the Fed to increase risk of a hawkish policy error and endanger market stability," Kolanovic said on Monday. + +"Our expectation that the global economy will stay out of recession, increasing fiscal stimulus, and still very low investor positioning and sentiment should thus continue to provide tailwinds for risky assets, despite the more hawkish central bank rhetoric recently," Kolanovic said. +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. +Some background info: 24M engaged 25M, both graduated working professionals for 2.5 years. + +This has been a big year, we have moved in together gotten engaged and have started to finally see some reduce in expenses (double rent, groceries etc) and thus increase with savings. + +Even though we are able to save more I feel most of this money has been earmarked for a near future expense. + +Most of these expenses I feel are rare or only ever happen once. So this is what we have done/started saving for this year: +-paid off student loans ~25k (about 7k this year) +- bought a house/ stuff for house +- wedding ~10k started saving for +- new to us car ~15 k started saving for (not once in a life time but rare enough) + +Luckily during this time we have not sacrificed our retirement savings, but we could have been saving a good amount more in those accounts. + +My question is: when you are getting started in life are there more of these one off expenses, so once these are done you have more money to save in retirement? Or is it one of those things that you have to watch carefully because as you age you simply just rationalize saving for something else? + +I'd love to hear your stories and if there are some items I'm not aware of yet , note probably no kids in future. + +TL;dr when younger do you have more one off life expenses? + + +We've gone through a few big cycles and see the same thing each time, the real gains are from overlooked things in the past bull and bear markets. + +NFTs are a prime example of that. They got a little bit of traction in 2017-18 craziness with cryptokitties and cryptopunks, but no one forsaw how much they would be worth in the 2020-21 bull run. + +Many L2s, like polygon, were also created in early on, but mostly overlooked. + +Memecoins were laughed at (ok, they still are), but people on reddit were shittalking Doge in 2017-2020 and saying how it has no utility therefore won't ever be worth anything (side note: this is the biggest false dichotomy from an investing perspective that is continually parroted here and is proved wrong time and time again. utility does not equal value round these parts) - and look how it did in the recent bull run. + +Even early adopters of DEXs like uniswap, got an airdrop, something very few expected. + +Theres no doubt in my mind that 2024-26 will bring some surprises of what popped. What is currently being overlooked right now? I have some thoughts, but curious to hear everryone else's. Thoughts? +We've gone through a few big cycles and see the same thing each time, the real gains are from overlooked things in the past bull and bear markets. + +NFTs are a prime example of that. They got a little bit of traction in 2017-18 craziness with cryptokitties and cryptopunks, but no one forsaw how much they would be worth in the 2020-21 bull run. + +Many L2s, like polygon, were also created in early on, but mostly overlooked. + +Memecoins were laughed at (ok, they still are), but people on reddit were shittalking Doge in 2017-2020 and saying how it has no utility therefore won't ever be worth anything (side note: this is the biggest false dichotomy from an investing perspective that is continually parroted here and is proved wrong time and time again. utility does not equal value round these parts) - and look how it did in the recent bull run. + +Even early adopters of DEXs like uniswap, got an airdrop, something very few expected. + +Theres no doubt in my mind that 2024-26 will bring some surprises of what popped. What is currently being overlooked right now? I have some thoughts, but curious to hear everryone else's. Thoughts? +With all of the recent extreme pump and dumps and extreme hypes, it’s had a lot of us chasing a stock in hopes that would be the one to take us to ‘the moon.’ + +It’s also surfaced some wise ones stating 10%-30% returns on a stock make a good investor. That’s still a high return percentage. + +So, it had me thinking. + +If I was to make a solid 10% return with an initial 1,000$ investment how many trades would it take to turn that 1,000$ into 10,000$? +That sounds pretty good. 10,000$. +———————————————————————- +It takes 25 trades with 10% returns starting with 1000$ +It takes 50 trades with 10% returns starting with 100$ +———————————————————————— +Some trades fly by 10% with a blink and yet we hold only to lose it and then some. Be patient, diligent, especially with DD, focus on your goal, and those 26-50 trades are going to fly by in no time. +I like what others are saying on here, we’re here for us all to make money. +START COUNTIN’ DOWN THOSE # OF TRADES, FELLAS + +TLDR: Easier to count down from 25 than count to 10k +From the App Store Guidelines (revision 3.1.1) + +* “Apps may use in-app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring. Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app. Apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase.” + +Wut mean? + +Apple wants their 30% cut of in-app transactions including the "minting, listing, and transferring" of NFTs. Apple also doesn't want apps to offer ways to purchase NFTs "other than in-app purchase\[s\]". + +Until this policy changes, I don't expect GameStop to launch an NFT marketplace app yet. GameStop is all about empowering creators and so I don't think Apple's large cut aligns with that policy. + +&#x200B; + +Source:[https://developer.apple.com/news/?id=xk8d7p8c](https://developer.apple.com/news/?id=xk8d7p8c) + +&#x200B; + +Edit: I don't expect the app to launch yet. I fully believe Cohen and crew are in talks with Apple to enable a way to launch this app and empower creators. + +&#x200B; + +Edit 2: It seems like Apple wants a "30% commission" thus taking 30% of GameStop's cut of 1% -> 0.3% of each transaction. + +&#x200B; + +Edit 3: Changed flair to "discussion" as this is mostly discussion of Apple's entitlement to commission on NFT transactions vs the ability to access NFTs... + +&#x200B; + +Power to the Creators. 🚀 +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +My tenant ended his lease early due to his fiancé buying a house, I said no problem. I find out he was smoking in there and he basically admitted it. Tenant said “I’ll return the keys once I get my security deposit back.” I’m going to change the locks anyways so jokes on him. + +Is there anything I should have him legally sign to agree that the lease has ended or should I just send a written text/email/letter with the agreed upon terms etc. + +After I change the locks, I will be informing him that due to the smoke damage, I will not be returning his security deposit as he broke the lease and now I have to do excessive cleaning as well as a more in depth paint job. + +Any advice appreciated. +My current method looks something like this (Propstream): + +* Same number of bedrooms +* Same number of bathrooms +* Sold within 6 months +* Within 0.5 miles + * I keep my comps in the same neighborhood though. I don't cross any major roadways or anything. +* \+/- 200 square feet +* Am I missing anything? + +What do you do if you can't find anything within these filters? Do you go further and further back in time rather than cover a larger distance so you can adjust your numbers based on the value of real estate at the time? + +&#x200B; + +After that I make a list of the comps that are in similar condition to my subject property as well as a list of comps that have been renovated. This way I can see what similar properties are selling for as is vs after they're renovated. I then take the average price per square foot for both pre and post renovations and multiply that by the square footage of my subject property to get an idea of my offer price as well as the ARV of the property. + +&#x200B; + +I know that people also decide the value of a property based off the rent that it can bring it, but how is that calculated? I would think you just see what similar rental properties are being listed for and assume they get what they're asking. Then what is the formula for what a home is worth based on the rent? + +&#x200B; + +I would love to know what method/filters everyone uses! Running comps and deciding an offer price is causing a MAJOR roadblock in my wholesaling business at the moment so any advice is greatly appreciated! I need to know how an investor thinks and what they're going to do when they look at a property I bring them. +I recently just got out the military and I’m really getting into investment properties and real estate. I’ve been doing some research and I’m going to use my VA loan to either get a single family house or a duplex within the next year.I plan on working two jobs to save up for the down payment and all other costs. + + +With that being said are there any tips or tricks I should know, things to watch out for , routes I should take to make this go as smooth as possible? I really don’t know where to start and just want to make sure I’m doing everything right. +Hello, + +Considering buying a duplex in terrible condition. You name it this place has it, mold in the walls, roof is completely shot and has been leaking for 1-2 years. Ceiling collapsed in certain places, needs new flooring, doors, windows, bathroom overhaul, kitchen overhaul in both units. + +I have a friend who used to live in one of the units, he let me know that it was actually condemned by the county. + +The previous owner is taking a roughly 30k loss on the property. + +Wondering if I could address the roof first, and renovate one side get it rented then slowly do the other side? + +Occupancy in the neighborhood is pretty good and each side could net roughly $700. + +&#x200B; +I want to do an FHA for a 4 unit but for my first investment property, but I'm afraid that going from 0 tenants to 3 ( 4 after I refinance) would be a lot to deal with right away. Should I start smaller with only a 2 unit and get used to being a landlord or just go balls to the wall and get a 1M property off the bat? +Hi all, I hope this post finds you well! + +I am soon to be a 20-year-old and am currently sitting for my last year in a software development degree. Currently, I am also employed with a great company as a part-timer with an attractive salary which will change to a full-time position as soon as I graduate. + +In the last couple of months, I have been reading and analysing how to start building a property portfolio from scratch. The method that got my attention the most was lease option agreements (LOA). + +This method gives you the possibility to **optionally** **purchase** the property X years after signing a contract with the current landlord but you would have to **cover any possible expenses (and his/her mortgage)** during the duration of such agreement. However, you **become the official landlord** for those X years meaning that you can **rent it out to possible tenants**. + +Let me explain this in a hypothetical manner: + +Let's assume that the property is a 2 bedroom apartment in a sought after area and that the apartment is in mint condition which is valued for €150,000. + +Continuing, let's say that I am struggling to pay my mortgage and I would not like to sell my property through an estate agent because it has gone slightly down in price (there could be many other reasons) and I would be losing money. Being aware of my situation, or by pitching to do so, you offer me a lease option agreement. + +I currently have a loan of €350 monthly and you offer me €400 a month for 3 years to become the landlord for the time being. This means that you will be paying 3 years' worth of my loan (totalling to €12,600) and giving me an extra €600 (€50 x 12) a year, totalling to €1800 (€600 x 3) in the 3 year period. After the contract comes to an end, you have given me the offer to optionally purchase the apartment for €155,000. I accept your terms. + +On the other hand, you managed to find 2 professional and responsible tenants willing to rent for €450 a month each. This means that they would be paying you €900 monthly altogether. + +This means: + +* €900 - €400 (to cover the landlords' payments) = **€500** +* €500 - approx. €200 (taxes and other monthly expenses) = **€300** + +This means that €300 profit per month would amount to **€3600 yearly** which converts to **€10,800** during the period of the contract. + +During these 3 years, the value of the apartment surged to **€165,000** BUT when the contract was signed, it was stated through a notary that if you accept to purchase it, you would be paying the price that was agreed then, **the €155,000**. This means that if you want, you can opt for a mortgage and then re-sell the apartment for its actual value, **the €165,000**. Therefore, apart from the **€10,800** you made in rent, you would also be netting an additional **€10,000** through capital appreciation which totals to **€20,800 in profit in 3 years!** + +All of this profit without having the need to have a mortgage or to actually own the apartment! + +*Please note that the values mentioned here were rough but close estimates to real-life situations.* + +If you aren't familiar with this strategy or did not understand the way I explained it, you can read this detailed article [here](https://www.propertygeek.net/article/property-lease-options-explained/). + +What struck me most about this method is that it gives me the option to generate money whilst gaining experience as a landlord without needing to have your own place or a mortgage. + +After explaining this to my relatives, they were not buying it. They would much rather see me opt for a traditional mortgage and purchase a place of my own. I tried explaining the above methodology, however, my relatives were still not interested in this concept. + +I am not stating that this will give me enough money to become financially free - that is not the point here. I am aware that I would eventually need to invest my own money to generate a larger sum of passive income. However, I think that this would help in getting me started. +Therefore, if you were in my situation, what would you do? + +* Would you give LOA a chance to generate extra money on the side apart from your wage? +* Would you opt-in for a mortgage and have your own place to rent? + +I am really unsure of what to do and I would appreciate any critical assessments and feedback. Any other stuff that I should be aware of that is not mentioned here? + +Regards! +Posted earlier on r/personalfinance without success: + +I have three properties in Alabama with about $100k in equity across them. I’ve had them for 13 years so there’s quite a bit of depreciation to be recovered. I have another in Texas with about $100k in equity, which I’ve held for 6 years. + +I’m interested in selling them and reinvesting into a single property closer to home (I.e. purchase our eventual retirement home). They’re well rented and managed but major repairs are becoming more frequent, which harshes my mellow. + +Has anyone done a 1031 exchange? This proposed transaction seems complex and I’m not sure the savings would be worth it, as online examples I see generally involve very expensive properties held free-and-clear. Would appreciate some thoughts. Many thanks. +Hey everyone, looking for ideas on where to invest some cash I've been sitting on for a few years. My goal is to make 3k-5k a month with this investment. I know to get that kind of return from 450k I'd need to buy in less than ideal areas but that's fine with me. + +I live in NYC so buying anything in my area is out of the question. I was thinking about a multifamily in Ohio, Michigan or Newark NJ. + +Please like me know what you all think about these areas since I'm unfamiliar, or if there's a better area to invest in. Also I don't mind taking risks because if I don't invest this money I'll probably end up losing it in the stock market anyway. I started with over 2 million a couple years ago and the 450k is all I have left. +https://www.marketwatch.com/story/amazon-prime-member-total-reaches-142-million-in-u-s-with-more-shoppers-opting-in-for-a-full-year-data-shows-11611073132 + +Consumer Intelligence Research Partners LLP (CIRP) data shows that as of Dec. 31, 2020, more than half of Amazon.com Inc. AMZN Prime members (52%) had an annual membership, up from 49% just three months earlier. + +“For the first time in four years, the percentage of annual memberships increased in the holiday shopping quarter. In other words, in the December quarter new and renewing members took advantage of the lower annualized cost of a yearly membership, and with that made a longer commitment to Amazon Prime. These new members will be around well into 2021.” + +According to a January report, eMarketer estimates global e-commerce sales of $4.28 trillion in 2020, up 27.6% from 2019. Experts expect 14.3% growth in 2021 to $4.89 trillion. + +Thanks for the awards. +Intro to why today is important: [https://www.youtube.com/watch?v=\_7Sh6Z5j\_rg](https://www.youtube.com/watch?v=_7Sh6Z5j_rg) + +\-During times of crisis and specifically high unemployment, congress tends to **make the biggest changes to the federal reserve's power.** + +\-Congress will either clip the wings of the fed or empower the fed. [But it appears in a typical cycle they clip the wings of the fed first](https://i.imgur.com/LtQFDC1.png) + +\- Fed's job is to take the blame + +&#x200B; + +livestream link starts at 10am [the link](https://www.congress.gov/event/116th-congress/senate-event/327577?s=1&r=3). note that this is a 2-day event it runs tomorrow too. + +live stream: [https://www.youtube.com/watch?v=7xAMAJ5ieKo](https://www.youtube.com/watch?v=7xAMAJ5ieKo) +I’ve never made a dime trading options. I started in 2015. Lost $6k. Figured it was learning costs. Didn’t trade much in 2016. 2017 I broke even which by accounts is awful as many people did pretty well. 2018 I’m down about $2,500 so far. + +It really bums me out because I enjoy it, I just can’t figure out how to make any money which I guess isn’t uncommon as most people trying to trade actively never make any money. + +I think I’ll keep some money for playing earnings once in awhile but I’m dumping the rest into an index fund and forgetting about it. Maybe keep $10k for earning trades and move the other $50k into an index fund. + +I admire you guys who do this successfully. I wanted to be you. Or at least have a little fun with it. +Otherwise, how can I really compare OTM, ATM, and ITM options fairly for investment purposes? The theta is lower for OTM than ATM options, for example, but OTM options are also cheaper than ATM ones. + +Edit: For instance, if you take delta as a percentage for long term options 1 year out and calculate the percent that a 1 dollar move gives you if you bought the stock, then you have a decent way to see if that option, at least for the short term, is worth buying (it depends on your strategy obviously but this is only for illustration purposes). You want to buy this option is the delta percentage of the option price is higher than the stock percentage move for 1 dollar increase. I used long term options since this percentage for long term options is so low since the option price is so high. +I've been toying with this idea; please poke holes in it or tell me if it's a good one! + +I came across the [variable percentage withdrawal](https://www.bogleheads.org/wiki/Variable_percentage_withdrawal) strategy in the Bogleheads wiki. It basically entails withdrawing an increasing percentage of your portfolio each year as you age: between 3 and 4 percent until age 40, up to 10% by age 88. (It's advised to buy an annuity around age 80 so your needs are covered even if you live past 100). + +The benefits are that there's no risk of running out of money prematurely since the withdrawals are adjusted based on market returns, and that you're less likely to die with a giant pile of money you never got to enjoy since you withdraw increasing percentages as you age. + +The drawback is that there are bigger ups and downs in the amount of money you have to spend since withdrawals depend on market behavior. + +So, why not combine this with the constant dollar strategy to reduce those ups and downs? + +Divide your money into two pools: needs and wants. Needs is not necessarily strictly necessities; it's things you're not willing to cut back on. The wants pool is for things you're willing to vary your spending on depending on what the market does. For example, vacations, or buying art, or whatever. + +For the needs pool, we'll withdraw an inflation-adjusted 3-4% of the starting balance each year. This gives us a spending floor so we get to enjoy our minimum satisfactory lifestyle even in down years. For the wants pool, we'll do VPW. If you get more money next year, you'll plan a more expensive vacation, if not, you'll skip the vacation or go somewhere cheaper. It's also an extra safety net in case your needs end up costing more than anticipated. + +I like this idea because I'm not interested in frugality for its own sake--only as a means for buying freedom. If I have confidence that I can afford to spend more, I want to spend it. And I like the idea of having a spending floor, since many of my expenses are predictable. + +Is this dumb or smart? Is it overcomplicated, and is there a simpler way to accomplish the same objectives? What would be the simplest way to execute this plan--separate accounts for the two pools, or could you split them virtually? Would it make sense to use different asset allocations for the two pools? +I will be the first to admit that I don't know anything about investing for retirement accounts or anything like that. Most of what they said about investing in mutual funds and retirement accounts sounded good, but the one thing that stuck out to me is that they said the account just "comes" with disability insurance. + +They acted like they were being transparent and told me that they get a small kickback from the disability insurance company for signing me up that is how they get there first payment for their services. The rest of the money they make from me is whenever they are actively managing -- that is, moving my money around and buying stocks, etc... + +Is this legit? +Before we get started, I'd like to point out that these stocks are ordered based on their current (2021) Dividend Yield. This list does not include every single company known to man. What are some of your favorite dividend companies? + +&#x200B; + +[TTM Dividend Yield](https://preview.redd.it/9u7e4wsj48671.png?width=1046&format=png&auto=webp&s=6bb1b078793b4359854662321d296dfb6b5cf220) + +*Note: Reddit only allows 20 images per post so the first 10 stocks don't have charts.* + +**30. Caterpillar (CAT)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.95% (2021) + +Highest Dividend Yield in past 10 years: 4.09% (2015) + +**29. Aflac (AFL)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.00% (2019) + +Highest Dividend Yield in past 10 years: 2.75% (2011) + +**28. General Dynamics (GD)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.53% (2017) + +Highest Dividend Yield in past 10 years: 3.66% (2012) + +**27. Procter & Gamble (PG)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.19% (2020) + +Highest Dividend Yield in past 10 years: 3.52% (2015) + +**26. The Clorox Co. (CLX)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.03% (2020) + +Highest Dividend Yield in past 10 years: 3.35% (2011) + +**25. PepsiCo (PEP)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.57% (2014) + +Highest Dividend Yield in past 10 years: 3.15% (2011) + +**24. The Coca-Cola Co. (KO)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.71% (2012) + +Highest Dividend Yield in past 10 years: 3.36% (2016) + +**23. 3M (MMM)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.97% (2013) + +Highest Dividend Yield in past 10 years: 3.44% (2019) + +**22. NiSource (NI)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.43% (2014) + +Highest Dividend Yield in past 10 years: 4.04% (2011) + +**21. Kimberly Clark (KMB)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.90% (2015) + +Highest Dividend Yield in past 10 years: 6.94% (2014) + +**20. Cardinal Health (CAH)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.60% (2014) + +Highest Dividend Yield in past 10 years: 3.74% (2019) + +**19. Federal Realty Investment Trust (FRT)** + +[TTM Dividend Yield](https://preview.redd.it/paf2kken48671.png?width=724&format=png&auto=webp&s=14b2818078ff6160ac82a6d14190cbbdd83929b0) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.40% (2014) + +Highest Dividend Yield in past 10 years: 4.86% (2020) + +**18. Walgreens Boots Alliance (WBA)** + +[TTM Dividend Yield](https://preview.redd.it/e4yv9xhp48671.png?width=724&format=png&auto=webp&s=07d829a2c4991910f4573152da1ddf36747d50e4) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.73% (2015) + +Highest Dividend Yield in past 10 years: 4.78% (2020) + +**17. Consolidated Edison (ED)** + +[TTM Dividend Yield](https://preview.redd.it/o5fl4v3s48671.png?width=724&format=png&auto=webp&s=0e6eebb791bb67be6df4a6671b60ca748f970cf5) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.07% (2017) + +Highest Dividend Yield in past 10 years: 4.31% (2012) + +**16. Realty Income Corp (O)** + +[TTM Dividend Yield](https://preview.redd.it/34krjjot48671.png?width=724&format=png&auto=webp&s=5d68c238180deac65b47044113d09d8dacca9632) + +Dividend Payment: Monthly + +Lowest Dividend Yield in past 10 years: 4.01% (2021) + +Highest Dividend Yield in past 10 years: 5.62% (2013) + +**15. People's United Financial (PBCT)** + +[TTM Dividend Yield](https://preview.redd.it/lmcw1rnv48671.png?width=724&format=png&auto=webp&s=8752a7540663ad2e71cec1aa95ad14b7bacd2768) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.59% (2017) + +Highest Dividend Yield in past 10 years: 6.59% (2020) + +**14. AbbVie (ABBV)** + +[TTM Dividend Yield](https://preview.redd.it/fnijw5wx48671.png?width=724&format=png&auto=webp&s=253ff66b2acea5ce0d2d37d0487d61865b40a576) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 6 years: 2.77% (2017) + +Highest Dividend Yield in past 6 years: 5.69% (2019) + +**13. International Business Machines (IBM)** + +[TTM Dividend Yield](https://preview.redd.it/o0p7myuz48671.png?width=724&format=png&auto=webp&s=e414d992eeae4f6dd18a7ecdbbb34af394d44032) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.54% (2011) + +Highest Dividend Yield in past 10 years: 5.52% (2020) + +**12. Chevron (CVX)** + +[TTM Dividend Yield](https://preview.redd.it/8fodml8258671.png?width=724&format=png&auto=webp&s=0b1f1688d144c4b156aea9b590c7c11b172e345e) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.02% (2011) + +Highest Dividend Yield in past 10 years: 5.80% (2020) + +**11. Gaming and Leisure Properties (GLPI)** + +[TTM Dividend Yield](https://preview.redd.it/hjciguq358671.png?width=724&format=png&auto=webp&s=b8b4c236131c32369464cf0dcc09657dff18414c) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 7 years: 5.26% (2021) + +Highest Dividend Yield in past 7 years: 7.86% (2015) + +**10. Universal Corp (UVV)** + +[TTM Dividend Yield](https://preview.redd.it/46515rf558671.png?width=724&format=png&auto=webp&s=c68cd5c549e0930905e2cbd05c7067618838fc1e) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.67% (2016) + +Highest Dividend Yield in past 10 years: 6.85% (2020) + +**9. ExxonMobil (XOM)** + +[TTM Dividend Yield](https://preview.redd.it/k9kvc9k758671.png?width=724&format=png&auto=webp&s=35451b3352df6eb0c721c1a9c7f97a3b5d6d21a4) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.30% (2011) + +Highest Dividend Yield in past 10 years: 9.14% (2020) + +**8. ONEOK Inc (OKE)** + +[TTM Dividend Yield](https://preview.redd.it/ejkt41c958671.png?width=724&format=png&auto=webp&s=a390dda91231c5b9efe59f0b7e2cc7f870c04304) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.59% (2013) + +Highest Dividend Yield in past 10 years: 12.36% (2020) + +**7. Altria Group (MO)** + +[TTM Dividend Yield](https://preview.redd.it/mck5vxwa58671.png?width=724&format=png&auto=webp&s=2fd6ec062aca154a673b94edbf048b1021deb248) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.45% (2017) + +Highest Dividend Yield in past 10 years: 7.91% (2020) + +**6. AT&T (T)** + +[TTM Dividend Yield](https://preview.redd.it/yr8f8add58671.png?width=724&format=png&auto=webp&s=e7eda91d302451b829163ddac31f57e946cfa7e1) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 4.56% (2012) + +Highest Dividend Yield in past 10 years: 7.08% (2020) + +**5. Magellan Midtstream Partners (MMP)** + +[TTM Dividend Yield](https://preview.redd.it/ybq324af58671.png?width=724&format=png&auto=webp&s=44908711e8a4d27af7c80115e06e34a7c76f41da) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.95% (2014) + +Highest Dividend Yield in past 10 years: 11.12% (2020) + +**4. Ares Capital (ARCC)** + +[TTM Dividend Yield](https://preview.redd.it/5i9b1u7h58671.png?width=724&format=png&auto=webp&s=e64c72e42c8c5df80ce12d3eb1656e29d6cff9c0) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 7.86% (2021) + +Highest Dividend Yield in past 10 years: 10.50% (2015) + +**3. BlackRock TCP Capital (TCPC)** + +[TTM Dividend Yield](https://preview.redd.it/gkjg2e0j58671.png?width=724&format=png&auto=webp&s=4d006e2a233ab8ec7cd510301709f25529acdc05) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 8 years: 8.24% (2021) + +Highest Dividend Yield in past 8 years: 10.67% (2020) + +**2. New Mountain Finance (NMFC)** + +[TTM Dividend Yield](https://preview.redd.it/4c6zi5wk58671.png?width=724&format=png&auto=webp&s=3a73d569f9d8e688b1cf232d15ead227ad575b66) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 9 years: 8.86% (2021) + +Highest Dividend Yield in past 9 years: 10.94% (2012) + +**1.** **PennantPark Floating Rate Capital (PFLT)** + +[TTM Dividend Yield](https://preview.redd.it/8nzcnaom58671.png?width=724&format=png&auto=webp&s=84adde39d53e49df268d663048b1065a744f9720) + +Dividend Payment: Monthly + +Lowest Dividend Yield in past 10 years: 4.32% (2011) + +Highest Dividend Yield in past 10 years: 10.63% (2020) + +&#x200B; + +*Made Using Microsoft Excel* + +*\*\*This is not investment advice\*\** + +*\*\*Do your own research\*\** +If they told you invest in an index fund or buy and hold the best of FAANG+MSFT/NVDA. There would be no reason to watch their videos daily. Or their market open and close live streams. The views are how they make their money. Meet Kevin for example makes millions each month off the views. + +So these financial youtubers talk about short term plays and high frequency trading so once one play is over you come back for the next. Or they talk about 5, 10, etc stocks they are buying each week. + +Yes there is money made in swing/day trading there is also people who lose a lot of money and dont talk about it so you just here from the winners. Im just trying to say those youtubers arent there for long term advice. Some even do horrible stuff like have 50% of portfolio in TSLA or say they are buying options and will dump them into shares after the stock market has a rally that shouldnt be followed. +ZK rollup solution to reduce the gas fees and improve transactions is something that I'm really bullish on. I've been in MATIC since it was worth only a quarter of a dollar and I support the project wholeheartedly. + +Right now, MATIC Polygon is sweating like a pig on a roast, because one one small blockchain game. People are farming pixel sunflowers and the gas fees went up over 580 GWEI and keeps rising! I don't think this should happen from such a small bump in activity on blockchain. Right now the gas fees are getting pretty damn high on MATIC almost 0.4 MATIC to get a transaction through and that is a big if. + +Quite crazy what one little event did. I wonder if they can learn from this and improve the network. +This reminds me we all need to make #kengriffinlied still a thing. ALSO: + +Finally, [KenGriffinLies.com](https://KenGriffinLies.com) is released, time to dig in and read everything on [Kengriffinlies.com](https://Kengriffinlies.com)! + + +I can't wait to see more from [KenGriffinlies.com](https://KenGriffinlies.com) and the team behind it. This is for sure going to hit Kenny boy where it hurts, he won't like [KenGriffinlies.com](https://KenGriffinlies.com) at all. + + +Maybe [KenGriffinLies.com](https://KenGriffinLies.com) can do some articles on others too? If [KenGriffinlies.com](https://KenGriffinlies.com) does any articles on Robinhood that would be cool too. I'm going to tell everyone i know of that [KenGriffinLies.com](https://KenGriffinLies.com) is live. Hopefully a lot of people see [KenGriffinLies.com](https://KenGriffinLies.com) as a good source of information. + + +Keep it up, [KenGriffinlies.com](https://KenGriffinlies.com) ;) +Hello investors! + +I have a question for you: when you are analysing a company, how much importance you give to your intrinsic value calculation, and which model do you use? + +I ask this because I'm a beginner, and I'm starting to think that if you do your homework and the business is solid, it can generate profits in the future and there are little risks, the intrinsic value you calculate is not as important as we tend to think. + +Just a beginner wanting to learn, don't be so tough +Very new to value investing, have yet to purchase any equity shares. While trying to do research on companies, I’ve come across AlphaSpread, which has appeared to be extremely helpful when valuing companies. Now, when I go to purchase a stock I will surely do my own DD, however this platform has been helpful to get on the right track, and see insider trading statistics. + +Should I continue to use this platform, or is it unreliable? +I'm definitely going to read all of the book one day. + +However, are there any sections I should read that are the most important? + +Kind of like how you dont really read textbooks back to front and your teachers point out the important parts for the course. +I'm currently watching damodaran's class on corporate finance in which he's teaching betas and regression stuff using Bloomberg's data. I wanted to calculate betas and do the whole erp on my own for other companies as well, However it would be good if i could check Bloomberg's data of beta that company to cross-check. +But it seems like i cant really find and beta info on Bloomberg just like damodaran did in his video. Is it a paid subscription thing or am i just blind? +I’m curious to know if anyone has examples of value-based investments that they executed over the past couple of years that have turned out positive. I’ve been reading You Can Be A Stock Market Genius by Greenblatt and he lists specific investments to illustrate different concepts related to “special plays”. All of the examples in the book are fairly old at this point but I don’t see why someone couldn’t apply similar principles. I’m interested in hearing from folks who had ideas on possible value plays that actually had their thesis come to fruition recently. +Hey guys. +I hold a huge bag of Russian stocks, yandex, headhunter, and ozon, all of which I have invested long before the Russian invasion on Ukraine. Their trade were all halted on February 28th as T12 halt. + +I recently read the news that Russian congress is pushing forward the bill to delist Depository Receipts and exchange them with Moscow stocks. But I don’t think this applies to these internet stocks, which are issued abroad (especially Yandex which is issued in the Netherlands). + +I am already down a lot. And I am so worried that I might lose everything. Any insights on how and when Nasdaq or SEC ever allow to trade again? +This sub seems to really like a good dividend yield. However, aren't dividends the exact same as selling a portion of the stock? I don't really know how to explain this. Also, aren't dividends an inefficient way of getting a return on your investment due to taxes? +How much should I weight brokerage analyst’s projections and recommendations in a stock? + +I started listening to earnings calls and was really surprised how basic/unsophisticated some of the questions were, it was like some of the analysts hadn’t even read the quarterly income statement. This could also be a case of the Dunning-Kruger effect where these analysts are light years ahead of me and I just don’t know it. + +I’ve been trying to do DCF’s and really understand how companies are using their cash and also look at historicals to see if the company did what they said they were going to do. Maybe this just doesn’t come up in earnings calls. +One man's trash is another man's treasure! + +Waste Management $WM is set to report earnings tomorrow morning. $WM is an environmental services company known for being a steady compounder, up 350% in the last 10yrs while paying a dividend. Let's compare it to some competitors. + +Recent Performance: +Relative to previous highs, $WM has [performed the best](https://viz.wiijii.co/dash/?id=02UHpkYeGUYlG06GopwC) out of its competitors. $WM is only down 8% from its prior highs, whereas $GFL is down more than 40%! + +Market Value: +Part of the reason for this stability might be because of $WM's relative size. [Waste Management is by far the largest stock in this group,](https://viz.wiijii.co/dash/?id=8bKbSe2MgHmimbVAD6X9) worth $64B or 8x $GFL. + +Earnings and Market Value: +Despite being worth $23B more than $RSG, $WM has only generated $500m more in [net income over the last twelve months](https://viz.wiijii.co/dash/?id=g7WPOx357N1rVIKy2fiH). + +Valuation: +Surprisingly, $WM, $RSG, and $GFL all trade at a [\~15x EV/EBITDA](https://viz.wiijii.co/dash/?id=Y1ESpOicr7omOO8MCtt6). This is a proxy for how much the business is worth per dollar in cash flow. $WCN trades at a slight premium to these stocks at 21x EV/EBITDA. +Growth: +Often, stocks with a higher valuation tend to be growing faster. Although $WCN is growing slightly faster than $RSG and $WM, $GFL is the [fastest-growing stock in the group](https://viz.wiijii.co/dash/?id=MdOT1YL5od9UoK6g1rwx). + +Trends: +One of the reasons investors may like this sector is the consistency in performance. Despite the pandemic, these stocks have [maintained roughly the same earnings power](https://viz.wiijii.co/dash/?id=B3uOEt2cOYG0kg7ZCm22) over the period. + +Profitability: +[Profitability is another essential factor](https://viz.wiijii.co/dash/?id=bexjg6pGMgRYah8kqyVn) to consider when comparing companies. $WM has a lower operating margin than $RSG and $WCN; however, it is still well in the positive compared to $GFL. + +Conclusion: +After looking into these stocks, I am going to take a deep dive into $RSG before buying $WM. I have never seen anyone talk about $RSG and I am liking the fundamentals of this stock. +Hey guys.... doing a rebalance of a couple portfolios and was wondering what energy stocks people are looking at for 22? Been looking at ENB and EPD. I also looked briefly at Total Energy. Any thoughts? Admittedly, I'm not a huge fan of this sector and have been avoiding it. +Love this sub. I feel like this is the only place I can find people to talk to about investing. + +Obviously, you do not want to buy something you do not understand. I'm not saying this. What I am saying is that some people like to gradually build positions parallel to their understanding of the business that they are buying. I do not understand how you could successfully do this. One notable person that follows this strategy is Li Lu, as he said that it sparks his interest in the company due to his ownership. What are your opinions on the subject, and how do you all view building a position? +Let’s put AT&T on the side for now. + +Discovery has Discovery+ and HBOMax both of which are in the early stage of growth for streaming services. Discovery + has 15M subscribers and HBO/MAX has 45M. Is there any reason both of these do not hit 100M in the next few years each. + +I know they are getting saddled with a lot of debt, but after watching Disney explode with Disney+, this may be really really cheap. + +Thoughts? +Basically the title. In which way is your value investing process inefficient? What is preventing you from making money? What step are you spending too much time on? What is something that if improved would make all the difference to you? +To those with experience in the market especially: When a stock reaches its target price and assuming it has been 1 year to avoid tax in USA, is it better to sell and buy better deals (better value stocks) or keep holding? Basically, if the catalyst has been realized is it ok to cash out and reinvest in other companies or is there a benefit to holding for the long, long haul? +It was an idea that I got from Bruce Greenwald, in one of his videos on value investing. He discussed that "one should value a company at the cost of reproducing those assets that aide in its economical viability". Some examples are cost of reproducing A/R, PPE, etc. How would one go about this, it seems like this type of valuation is a bit subjective. What are your thoughts? + +The video can be found here if anyone is interested. + +[https://www.youtube.com/watch?v=3DdY0JdUilM&ab\_channel=iValueInvesting](https://www.youtube.com/watch?v=3DdY0JdUilM&ab_channel=iValueInvesting) +Caveat emptor - Low returns, lots of fees, and odds stacked against private, individual investors + +[https://www.morningstar.com/articles/1074133/why-spacs-are-a-racket](https://www.morningstar.com/articles/1074133/why-spacs-are-a-racket) +I was reading this article on: [https://www.investing.com/news/cryptocurrency-news/whats-next-for-vechain-2441350](https://www.investing.com/news/cryptocurrency-news/whats-next-for-vechain-2441350). I extracted below some info that I found interesting. Enjoy! + +&#x200B; + +"VeChain is a specific blockchain platform originally designed to enhance supply chain management and business processes. The goal of VeChain was to streamline the processes and information flow for complex supply chains through the usage of distributed ledger technology or DLT. The Vechain platform contains two tokens, and these are VET or VeChain Token and VTHO or VeChainThor. + +VET is used to transfer value across the network, while VTHO is used as the gas that powers the smart contract transaction. It essentially differs from other projects because the developers behind it do not intend to create a fully decentralized platform. Instead, they aim to create the best features from both DeFi or decentralized finance and CeFi or centralized finance sectors. + +VeChain essentially uses smart chips for Radio Frequency Identification or RFID tags and sensors that can broadcast key information onto the blockchain network that can be accessed in real-time by authorized stakeholders. This application of sensors means that all of the parameters that are related to the product can be monitored constantly. If any problems occur, they can be communicated back to the stakeholders. + +The manufacturers and the customers are informed if a drug packet(medicine) is stored outside of the prescribed temperature range, which allows for service improvements and a higher level of quality as a result. + +However, when it comes to the VEChainThor blockchain platform, it is a blockchain that was originally intended for the corporate world, or in other words, for mass business adoption. As previously mentioned, it does this through a dual-token setup known as VET and VTHO. + +VET is the token that carries value from smart contracts, and the transactions on decentralized applications occurring in VeChain’s blockchain use VET. VTHO provides the power these transactions need to occur, and it is equal to the cost of conducting transactions on the blockchain. + +The best part about VeChain is that, compared to many other projects in the market for a longer period of time, they have managed to convince companies to start using the VeChain blockchain. VeChain has a real application purpose, real partnerships and can solve existing business challenges. These partners include Price Waterhouse Cooper, Walmart (NYSE:WMT) China, NTT Docomo (OTC:DCMYY), LVMH Group, Penfold, and many more." + +And as always: may the green days shine upon everyone! Cheers! +With all of the news over the last year, I am convinced that Hearthstone will be the first game to be released on GameStop’s web3 platform. In this post I will go through how I expect the chain of events to proceed and why I’ve come to this conclusion. + +First let let’s talk about GameStop and Microsoft. + +On October 8, 2020 [GameStop announced a multiyear strategic partnership](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft). The announcement states that the partnership aims to Advance GameStop’s Key Strategic Pillars and Extend its Digital Omni-Channel Ecosystem. + +The only specifics mentioned in the article were that GameStop would equip their associates with Microsoft Surface tablets that will “transform the in-store experience and help unlock new retail experiences in the future.” It’s also mentioned that GameStop would roll out Microsoft 365 and Teams to empower more than 30,000 associates. In return, GameStop will be upping their product offering in the Xbox franchise. Also there is to be an Omni-channel data feed of user preference, customer purchase history, etc. At first glance, this seems to be an exchange of access to the power up rewards user base in trade for a more seem less customer experience when shopping at GameStop. This partnership appeared to be relatively stagnant for over a year. + +That is until [Microsoft announced the acquisition of Activision Blizzard](https://news.microsoft.com/2022/01/18/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device/). This represents 3 billion active players that have now been brought into the fold. Satya Nadella, the chairman and CEO of Microsoft is quoted in the announcement saying “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that **puts players and creators** first and makes gaming safe, inclusive and accessible to all.” hinting, weakly, that they will be involved in some sort of strategy that will reward both players and creators. The company also noted the deal would “provide building blocks for the metaverse” in its statement. + +In [this article](https://www.polygon.com/platform/amp/22917625/microsoft-activision-blizzard-metaverse-satya-nadella), Nadella mentions, “To me, just being great at game building gives us the permission to build this next platform, which is essentially the next internet: the embodied presence.” + +For those not familiar. One of Activision Blizzard’s games is Hearthstone. [Hearthstone](https://en.wikipedia.org/wiki/Hearthstone) is a digital-only, turn-based collectible card game. As of January 2022 it is estimated that there were 3.5 million unique players, down from its launch glory of 23.5 million. I’m speaking with folks who have played, there is a barrier of progression where users must buy cards in game to be competitive which has led to a massive falloff of in player base. The game is far from dying, but the barrier to entry is too pricey for most with no ability to offload assets when they are no longer needed/desired. Invest in a deck, use it, when you’re done, oh well it’s yours…want something new? Pull out your wallet. + +Which leads us to last weeks Immutable X announcement. + +As soon as the announcement landed, I went to check out our new partner. What I found was a card game, very similar to Hearthstone, that had a clean, smooth and familiar UI. This is Immutable X’s web3 game, [Gods Unchained](https://godsunchained.com). + +I poked around in the tutorial to get a feel for what we were working with. In the tutorial I was able to unlock new card packs that changed what I was able to accomplish in the game. Neat concept. I then noticed that they had a [marketplace](https://market.x.immutable.com/assets?collection=0xacb3c6a43d15b907e8433077b6d38ae40936fe2c). A marketplace for buying and SELLING your cards. The star of the show is that every card is an NFT owned by the player, that they can then take to market and sell when they no longer have use for it. It appears that the currency required is ETH and that everything is stored in a wallet. At this point it seems that the game [supports MetaMask, Magic, and what appears to be an internal wallet](https://link.x.immutable.com/missing-wallet). Once you have a wallet linked to the platform, that contains ETH, you can buy and sell at will. + +It dawned on me that the EASIEST game to port to web3 and incorporate NFTs into is, without a shadow of a doubt, Hearthstone. With the ability to freely mint and trade NFTs on Immutable X’s platform, it’s a no brainer. GameStop could launch Hearthstone on their brand new web3 platform by simply making an NFT for every card and then distributing them accordingly to users existing card collections. It’s about as easy as it would get. + +My assumption is that, on the backend, a GameStop PowerUp Rewards Smart Wallet (a re-skinned Loopring Smart Wallet) will be provided upon sign up to the platform. Likely the Counterfactual flavor for people new to the environment or the ability to port in a wallet for users who already have one. All will be created silently when users sign up for the platform, and will have the ability to link/migrate their Activision Blizzard accounts (as its mentioned in the GameStop-Microsoft deal that they wanted one login across all platforms). GameStop would then spool up a marketplace to FINALLY be able to sell cards and trade with others in the ecosystem. This is a perfect scaling up of Immutable X’s working proof of concept in Gods Unchained. + +This seems like the most obvious move based on the facts that we currently have. I’m curious to see what everyone’s thought are on this. What other products could you see being easily onboarded to the platform? +Earlier this week I saw a comment that got me thinking about the tremendous revenue that must be coming from the meme/digital trading that is going on. + +I mean this poster suggests they had a $12m tax bill ($35m+ of short term capital gains! + +[https://www.reddit.com/r/fatFIRE/comments/nx45ra/crypto\_allocation/h1ct7so?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fatFIRE/comments/nx45ra/crypto_allocation/h1ct7so?utm_source=share&utm_medium=web2x&context=3) + +I have never paid more than half a million in taxes (not a trader, just W-2 stuff), but it got me thinking, there must have been some huge filings going on. + +So what are some big tax bill stories? +I am just beginning to read about economics and have a question that perhaps someone could shed light on here. + +If increasing the money supply leads to inflation, then why does the government increase the money supply? + +Related questions: + +What exactly does "printing money" mean? If the government prints money what do they do with it? I can hardly imagine that they just print money and give it out to people/corporations/etc. + +Is there something special about the physicality of paper money? For example, the government could theoretically make an electronic transfer of money that they created by typing numbers in a banking system in the same manner that they can print money and at a far lesser cost. + +I feel like there is something obvious that I am missing here. Please help! +I've been low income poverty level most of my life. What has helped tremendously is working jobs that offer an employee discount that benefits me in some way. +I've gotten discounted or free food for working fast food, free use of washer and dryer for being a laundry attendant, free vet care for being a bookkeeper at a vet clinic, and store discounts for working in retail. My last retail job offered discounted cell phone service. I was even a housekeeper for busy friend once in exchange for a room and board. +My current job is in a thrift store. Besides liking the field and personally benefiting with my 25% discount, I'm in the process of using my discount to buy items to flip for profit, locally and eventually nationwide. +My philosophy is if I have to work, I may as well get something extra as well. +After reviewing my finances with a broker and knowing that my Sydney-based employer is bullish on being in-office at least 3 days a week (if I could wrangle a remote job I would, but even other companies in my field seem to want in-office), it looks like the only thing I can afford to buy around Sydney parts is a flat. Really want to escape the hell that is fickle landlords, wildly different pet restrictions, and unpredictability in rent raises. + +But, I’ve had no experience on the buying side of things. And even moreso I am at a loss for how to conduct due diligence when assessing an apartment for purchase. + +For example, I’ve rented some really nice newer-build apartments in Sydney and those are definitely my style, but I’ve heard those are the kind to stay away from when buying. How does one find the build dates of buildings? How do you risk assess them? + +How does one pest/structure inspect the apartment — will inspectors have any way to access the building? + +How do you assess a strata? I like the newer builds because they have the fixtures I want for an apartment, ducted aircon, etc. So if I buy an older build I’d want to add those in myself, but how to know in advance how much trouble that could be with strata? + +I’ve also heard you have to be extra cautious when choosing location more than you’d be with a house, I assume because apartments can drop in value if there are too many. For example, I was looking at Dee Why and Maroubra since there’s lots of apartments for sale at a reasonable price relative to overall Sydney, but colleagues said I should avoid those areas because there are too many apartments. + +Would love it if someone could point me to an apartment-specific checklist if one exists, or share your personal checklist. +Do not use Purple Bricks. +Do not not use their preferred lawyers PPL Premier Property Lawyers. +I'm having an awfull experience with my buyer having sold through PB's and him and his buyer both using PPL. It's a shockingly poor set up with mishap after mishap, and awful coms the whole way through. My lawyer equally as frsutrated. I only now checked out reviews on them on Trust Pilot and there are nealry daily appalling reviews. +Do not even except an offer from a buyer selling via Purple Bricks. My selling agent and my purchase agent in agreement to avoid at all costs. + +https://uk.trustpilot.com/review/premierpropertylawyers.com?languages=en&stars=1 +Hi FIers, + +Long time lurker here, posting under a throwaway. I've been interested in the concept of FIRE for quite a while, but I'm having trouble justifying retiring early when it seems so socially unacceptable. What follows is the ultimate first world problem, so I apologize. I realize /r/FI hates these types of posts, but hopefully I can get some perspective on our situation. + +I always knew my wife's family was extremely wealthy, but I didn't know whether or not my wife would actually receive any sort of sizable inheritance. Recently however, we sat down with the family accountant, who shared the family's estate plan. My mind was blown. My wife stands to inherit an almost comically gigantic amount of money, even after the estate pays a gigantic amount of estate tax. I won't give numbers, but suffice it to say that this amount would make her financially independent 10 to 30 times over. + +I fully realize that this is her money, but I'm struggling with the future ramifications of the inheritance. If I continue to work, I would never be able to even come close to matching, through work, the amount of interest/dividends alone that the wealth would generate (and I have a high current income with lots of room to grow). I like, not love, my job, and I would be okay with working until normal retirement age, but if work were out of the picture, I would be content just sitting on my butt. + +However, my wife and I are staunch believers in hard work, and I don't think either of us would be content with living off of unearned wealth. I also don't have any meaningful hobbies or avocations that could replace paid work. In short, I have a hard time finding 'meaning' (whatever that means) in life without working, even though I don't really enjoy it. + +I also have serious concerns about the impact of very-early retirement on children. My wife and I have an 8-month old, and I imagine it would be detrimental to him if he grew up with parents who didn't work and thus didn't have role models demonstrating a strong work ethic. + +My questions for all of you are: + +1) What would you do in my situation? Ignore the money and continue working? Bite the bullet and retire when the time comes? + +2) How do you fight the social pressure to work until age 65? I know that many people in my small city (including my in-laws) would look down on someone who chooses to stop working early, as they see it as a sign of laziness. + +3) How do you find meaning in life outside of work? + +4) How do you set an example for your children if you retire early, to prevent them from expecting a life of leisure? + +*Edit: Thank you to everyone who responded - the replies were genuinely insightful, as it's a topic I really can't talk about with people. I haven't responded sooner because the last few days at work were truly hellish (convenient, right?). To respond to a couple of points that came up in the replies: + +- Some people noted that I didn't grow up "poor" if my parents helped pay for college, and that's absolutely right. My parents were more like lower-middle class. They did mortgage their house to help provide funds for college, which I realize was not a smart financial decision, but I plan to repay them every penny, even though they don't expect it. + +- As far as not counting chickens, I fully agree. The money is not hers yet, though she does already have enough held in trust to be fully FI, even at a very SWR. The rest of the money does not belong to her yet. I would never make any sort of decision before that point. It is also 100% her money, not mine - she would have to be comfortable before either of us stopped working. + +- In terms of not having outside interests: I was raised with the (common, I think) mantra that life should be about hard work and making sure your kids are better off than you were. My parents subscribed to that, and to this point I have too. I've worked 55-70 hours a week since college with that 'goal' in mind. I realize I need to expand my mind and find something with meaning to me. That's my very next step. +EDIT 3: This thread has grown far beyond what I anticipated. To those that offered advice on the subject matter, thank you. To those that offered relationship advice, thanks but no thanks, I can head over to /r/relationships, and some of y'all need to stop with the negative outlook on life and relationships. It ain't all that bad! + +I'll preface this by saying that I've read some articles on the matter at hand, but I was hoping to get some opinions from /r/personalfinance on the matter. + +I have been with my SO for about 18 months now. She's an all around great girl, sharp (two bachelors) and a great job as an ICU RN. She has an income that's about 2x the mean for the area, and i'm about 1.5X. I myself do alright as well. If we were to get married today, we would have a combined income of about $130K, plenty of income to pay off student loans, buy a house and live comfortably. + +But we're not getting married today, instead, she is leaving the workforce for two years to attend an accelerated program in anesthesiology at a school/hospital about an hour away. It's a stressful program that requires 60-70 hours a week of classroom and study time. + +We came to the conclusion that it would be best to live together. We decided on a city/neighborhood about 10 minutes from the hospital and 55 minutes from my office. I'm OK with commuting for two years (it currently only takes me 5 minutes to get to work!), we plan to move back to the area when she is done with her program as her field is in high demand and the company I work for is growing rapidly. + +We started preparing for this over the past few months. We came to the conclusion that buying out her auto lease was a good decision as it would be damn near impossible for her to get financing next year when her lease came due. We started putting aside some money, individually, for moving expenses. But we haven't figured out how we're going to divide the costs. + +What kind of options do the fine people at /r/personalfinance propose when it comes to a couple moving in together. She will have no income other than student loan money (the program automatically budgets living/travel expenses into the tuition as they do not allow students to work during the program), and we can manage anything else just fine on my $60K/year. Do we get a joint checking account for common expenses/bills? Has anyone had success with doing a 60/40 or 70/30 split on expenses? Our rent at our new place will be $850 and I have no problem covering up to $600 of it as that is what I currently pay (thanks mid-west!). What about saving, new purchases? + +I'm honestly pretty lost on how to join finances with someone, something I'm not proud to admit at 32 years old. Maybe some of you with experience in this matter can provide some advice. + +edit: words + +edit 2: Just to be clear, I'm hoping this doesn't turn into an /r/relationship post. I was really hoping that I could just get some good ideas of how to make this happen. We're moving in together, that's happening. My commute is increasing, I signed up for this so I know it's not ideal. At this point, I'm hoping for different ideas on how to split costs when she will have a fixed income (loans) and I will have a salary. +OK let me try this here. + So May 25 would be the last trading day for the nearest BTC future settlement. And as clock work we got a huge dump. going through the charts every settlement week or the later half of the prior week, we get a guaranteed dump. this may be the most accurate trade one can make. before the dumping crew usually try to coordinate with some FUDs, nowadays they just go straight to the dump. LOL + +I originally posted this at r/cc, I understand the the dumping crew should have some kind of control in crypto subs, after all censorship in this space isn't news. I was expecting to get down-voted to minimize the post's visibility. but guess what, the post got 91% up-voted but got removed right away(LOL). let's see what happens in there. this maybe about BTC futures, but the impact on ETH price is much greater this time, I believe it is somewhat relevant for this sub. + +[the original thread!]( https://redd.it/8lkqpt) + +[future BTC future settlement weeks](http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html) + +Another note: next month the future is a semi-annual settlement, we will probably see worse volatility than for 3-month settlements we have seen so far. + +well, best of luck to all the hodlers and traders out there. +Exchanges now aren’t like in 2014 (Mt Gox), right now most of them have insurances and are safe. + +**Most people aren’t capable of keeping their wallet safe, it’s hard and plenty of people have lost huge amounts of money.** + +*Some advice for keeping your wallet safe:* + +*1. Don’t take a screenshot or write the seed phrase online (notes in your phone etc.), if you have done that. Consider your wallet compromised and move your crypto ASAP.* + +*2. Keep your seed phrase somewhere secure and **NEVER EVER GIVE IT TO SOMEONE ELSE**. + + +Keeping your crypto on an exchange if you invest <$1,000 isn’t a bad idea, I would say anything more than that and you should probably move it to a wallet or even buy a ledger. + +**Also exchanges give a sweet 5.5% staking rewards for ETH which is nice** + +Please only use reliable exchanges and not some obscure ones. + +Some of my favorites: + +- Binance (not US) +- Coinbase +- Kraken +- Gemini + +As I said, this is probably an unpopular opinion, so I’m ready to get downvoted hard ;) +## The Hamburger Tax + +If you’re familiar with the Harberger Tax, it is very similar. + +[https://i.redd.it/wnvf574fgp221.png](https://i.redd.it/wnvf574fgp221.png) + +## How does it work? + +* Anyone can buy the banner on the redesign with their Donuts. This does not apply to the old design, so the price ticker will remain the same. +* The person who buys it sets the price. +* Anyone can purchase it from them with their Donuts for the price that they set. +* The person who has the top banner pays a tax on it (1% daily) for keeping the banner. Set the price too high, the more you pay in tax. Too low, and someone may buy it immediately. You cannot refuse the purchase. +* Any images that violate our [site policies](https://www.redditinc.com/policies/content-policy?gclid=EAIaIQobChMIp-zQmuiL3wIVF8ZkCh2NvAS8EAAYASAAEgJw6vD_BwE) will be removed. + +When you buy the banner from another user, points go to the user you buy it from. Tax will be burned. + +**Edit:** the bug to upload the banner image is fixed. It should work as intended now. + +**Edit 2:** The current owner of the banner can update the price at any time. If the price is increased, then owner pays additional tax corresponding to price delta and duration of time that is left within current tax period. If the owner decreases the price, then nothing happens. +I know both used and new prices have gone up, but I was curious if used prices for trade-ins have risen more than new car prices. I have a 5 y.o. Odyssdey van that I just got an email from the dealer about purchasing it. It made me wonder if this abnormal market scarcity would allow me to find a really good deal on a new van. + +Any stories of people trading in vehicles and getting awesome deals? + +&#x200B; + +Edit: Based on the following comments, it does seem like there are methods to capitalize on inflated used car prices while minimizing the cost of new car prices. Based on comments below, it looks like: + +* The new car shortage is causing dealers to low car numbers (obvious, not new info) +* Dealers can order new cars without buyers lined up. When on the lot, these vehicles have the expected increased price (up several 1000s). If you purchase these vehicles (ordered without a buyer), you will pay a lot +* But dealers can order not yet made vehicles if a buyer purchases it. These vehicles are basically an addition to the limited number of vehicles the dealer would usually get. These types of sales are icing on the cake to dealers, completely extra to the usual business model of how car makers are doling out the limited inventory to dealers. As such, dealers are incentivized to make these deals happen. Pre-ordering a vehicle can cut through the inflated prices dealer charges for the already-in-the-lot vehicles. +* Downsides: You need to purchase a vehicle before you get it. It can be an unknown amount of time with changing delivery dates. As such you might need a back-up vehicle, meaning you don't sell your current vehicle until you get your new vehicle. This puts a lot of risk on you, can you sell your vehicle in the future for a value that makes up the cost of buying the new vehicle. With projections of car shortages, data suggests yes but it's not guarenteed. + * You could take out a loan for your new vehicle and then lump sum pay most of it off when you sell your car to reduce temporally unlinked old car selling and new car purchasing. + * If you can get by with one vehicle, there would be less risk as you could sell 1st and then wait for the new vehicle to be delivered. +* Selling your vehicle on carvana or person-to-person seems like the best way to get the most $. +**Dave Ramsey's Baby Steps:** + +1. Save $1,000 in emergency fund +2. Pay off all debts using snowball method +3. Save 3-6 months expenses to developed emergency fund +4. Invest 15% of income in retirement +5. Save for kids College fund +6. Pay off home early +7. Build wealth and give  + +**UK Baby Steps:** + +1. Save £1,000 in emergency fund +2. Pay off all debts using snowball method (mostly) +3. Save 3-6 months expenses in developed emergency fund +4. Save up for a house deposit +5. Put money into your pension +6. Save for children's University +7. Pay off mortgage early +8. Build wealth +9. Give + +Firstly, as you can see there are now 9 Baby Steps. New in at Step 4 is saving for a house deposit, and Dave's 7 'build wealth' and 'giving' has been separated as they are two different transactions and considerations. + + +**1. Save £1,000 in emergency fund** + +This is essentially the same, although not aligned with exchange rates as cost of living is a bit higher in the UK, so £1k is a fair assumption. You need this for a rainy day, car repair etc. Put in a savings account WITHOUT easy access like a debit card, to avoid temptation of spending it. + + +**2. Pay off all debts using snowball method (mostly)** + +This is the key part of all the steps. Clear your debts FIRST, then use increased cashflow to save/ invest in later steps. Lots of people in the UK try to be smart and do both - you will pay interest on your debt and interest on your borrowed investments, downward spiral.  + +The snowball method means attack the smallest debt first and the biggest last. This is NOT the most economical method but is the best personal method. Having quick wins and a sense of achievement will motivate you to continue and attack those bigger debts. + +You need to clear ALL your debt (apart from your house). The average household in the UK owes £15,400 mostly on credit cards. Pay off those cards, phone contracts, overdue utility bills and furniture on finance. Where you may not want to follow the snowball is payday lenders, I would deal with them before a 1-2% finance on a sofa.  + +It should go without saying, if you are paying off your debts... DON'T take out anymore. This is the most tough and brutal part of the Baby Steps, working overtime, no holidays and no takeaways. Money goes toward debt not frivolous spending. + +***Car Finance debt*** + +The biggest debt here will be car finance. Pay it off, you need to own your car outright otherwise car payments are a big hit on your monthly income.  + +If you've got an expensive car (we're too car proud in the UK!), go and swap it in. Vehicles gets you from A to B. Whether it costs £30k or £3k, it still gets you from A to B. You are locked into car finance, but if you go to a dealer and downgrade they will rearrange the finance, do the paperwork and the swap. Ideally you will come away with no debt or at least a substantially lower debt; avoid finance where you can.  + +You just have to laugh when you see a 20-something in a BMW. Rather have a large home, financial stability and a healthy pension pot. They have a depreciating asset and a big whole in their pocket, meaning they probably still live with their parents. It's all a facade, it's better to know you're financially secure on the inside than try and give that impression outside. + + +**3. Save 3-6 months expenses in developed emergency fund** + +Once your debt is paid off, much more of your monthly income can be saved. The best way to save is to setup a 'cash pathway' like this: + +* Have a current account your salary is paid into (a separate one for your partner). +* Then a standing order the day after, to send 10% of your net income into a joint saver.  +* Then the rest of your salary goes to a different (joint) current account, which pays bills, food and clothes. + +You MUST have at least 2 current accounts, the saver can be linked to one. When we get to later steps we'll be moving a lot more money including mortgage payments from the first (holding) account; get used to the idea you only have to spend what's in the second. You MUST transfer money to savings as soon as you get paid, a standing order no more than 2 days after. + +***How much to save?*** + +The average UK mortgage payment is £671 and monthly expenditure £2,302 = a whopping £2,973 per month. This may vary depending on where you live, how many children you have and how much you spend. Work out your own budget and come up with your own figure. + +Perhaps £600 mortgage + £600 spending = £1,200 x 6 months = £7,200 to save. This could be a life-saver if you lose your job out of the blue, giving 6 months to find a new job without changing your lifestyle OR going into debt. + + +**4. Save up for a house deposit** + +This is a new step for the UK version. Not sure why Dave doesn't have an extra Step in here, as he does mention on his show to save up for a house at this point.  + +Although Dave likes you to pay for cash for a house, because the average UK home is double the value (or half the size) of the US and rents are high too, we typically need to build up a deposit and take a mortgage out on a house. If you listen to Dave's show he does not favour, but is not opposed to this concept. The fact he has a Baby Step for paying off the home, it makes sense to recognise the front end of that. + +Do not overstretch. If you go for a slightly bigger house with payments you struggle with, it will be a longtime until you upgrade again. Get a manageable home you can overpay on where possible, and own outright much sooner than 25 years. The freed up capital will give you much more flexibility and ability to upgrade.  + +For example if you pay £600 on rent now, buy a house with £600 mortgage payments on a 25-year term. Simple! Aim for a 15% deposit as a minimum. The average UK house price is £226,798 so you need £34,000 for a deposit. If you can save £1,000 per month (as a couple) that's 3 years for this step alone. It may seem a long time, but do it say from graduation and starting a job (age 22) for 3 years (to age 25), you will be buying a property 5 years before the average first-time buyer (age 30). + + +**5. Put money into your pension** + +Ok, here's where it gets exciting. The first step you can do concurrently with another (Step 4).  + +Americans need to be told to do this because they have to arrange their own pension pots (e.g. 401k). Most of us are automatically opted in and it's taken from our payslip. Pension is paid from your gross income (before tax). If you pay 20% tax this means you effectively get 20% more than saving for your retirement by other means. Employers must contribute around 3%, so a 23% boost is even better; BUT you can't touch it until you retire - which actually is also good, that's what we need it for. + +Let's say you're an average first-time buyer aged 30, just put that deposit down for a house and can now focus more of your income into pension saving. You have 35 years work ahead of you to retirement age of 65. This 35 years is important, as the National Insurance contributions you've been taxed for on your payslip all this time, will give you £8,777 per year in State Pension. This also goes up with inflation, but if you're 30 now the age you can get it will rise to 68 and the government could push this up even more.  + +***Dave says 15% of gross pay for retirement, does this follow for the UK?*** + +The average UK salary is £29,009. You may start on less and finish on more, but that average means you pay £2,445 per year in National Insurance contributions or 8.42% of your gross pay. + +If you want the same lifestyle in retirement... the income is £29,009 but we only ever get £23,264 after tax, minus the £8,777 state pension, minus the £7,200pa mortgage payments we don't need to pay for anymore = £7,287 per year we need to fund through our own private pension. + +Saving £300pm for 35 years with 5% fund growth would give you a pot of £323,619. In 35 years time, this might only be worth the equivalent of £136,364. This gives you 18 years of withdrawing £7,200 but generating £4,000 a year through 4% interest should stretch it out until you die. This means £300pm is 12.4% of our gross pay. Added to the 8.42% NI contributions we actually need to contribute 20.82% of our gross salary towards our pension (more than the 15% Dave suggests). + +However, it depends on your pension. If you work for local government (LGPS scheme) for 35 years earning £29,009, your pension would be a whopping £20,720 annually (before state is added). To get this pension, you are required to contribute 6.5% of your gross salary + 8.42% NI = 14.92% total. In which case, Dave would be spot on with 15%; but it depends on your pension scheme, your current salary and your expected lifestyle. + + +**6. Save for children's University** + +The main change is we call it 'University' rather than 'College' education. The main difference is, here in the UK, you take out a loan and pay it back as a percentage of your salary. If you never earn a salary, you never pay it back. In that way it's not really a debt, see it more as a salary contribution scheme. + +If you have a bachelors degree at £9,250 tuition + £5,000 maintenance = £14,250 x 3 years = £42,750 student loan debt. This gains 6.3% interest a year. BUT, you are only obliged to repay 9% of your salary over £25,725. If you were to earn the £29,009 average per year this would be just £24.63 per month - we spend more on pizza! + +Over 30 years you would only pay back only £8,866 on a debt which has grown with interest to £250k. Why 30 years? The debt is written off then no matter how large, no matter how much has been repaid. + +On this basis, unless there are radical changes to the system, your children should take out the loans. Forgetting the £250k, £8,866 over 30 years is still far better than paying £42,750 up front. However, if your child becomes a doctor, lawyer etc. with a large salary the maths may not be so kind.  + +I estimate the crossover point to be a salary of about £41,558. So if you earn that amount every year for 30 years you will pay more in student loan repayments than the original loans. But medical doctors for example are more likely to have £70k student debt on graduation anyway. + +To summarise, your kids should take out the student loans. If they achieve a high salary, paying the debt off early can be a decision left to them - in 80% of cases it is not worthwhile.  + +***How much to save?*** + +Yes, we still need to save - tuition and rent is covered by the loans. Your children will need/want food, clothes, nights out, stationary, sports gear, trips, holidays. Allow up to £9k per year if you're feeling generous (you can class this as part of your 'giving' in Step 8). Obviously you only need to do this if you have children, but let's put away just £100 per month for their first 18 years. Even in a measly 2.5% account this grows to the £27k we need to cover the 3 years.  + +University is still an expensive exercise for you parents then. A lot of financial stress can be caused by the cost, families even telling their second child they had to wait until the first finished university until they could go. Save up as soon as they are born. And only send them to university if they are 99% certain on their career choice and the degree is ESSENTIAL to their career.  + +Don't dissuade them to go based on the cost to you though; this is their money. If they don't invest in their education it can become their house deposit instead. + + +**7. Pay off mortgage early** + +Ok we're paying into our pension and we're saving for our kids future. The next payment is our mortgage. This should also be done before the rest of your money drops into your 'spending account' for food, clothes, bills etc.  + +This one is relatively straight forward, paying off the capital more quickly means we accrue less interest. We pay less in total and pay it off quicker. Meaning we can get round to the next step of using our cash to build our wealth and get rich. + +As in Step 4, the average UK house price is £226,798 and you've put down the 15% deposit of £34,000. Your mortgage value is £192,798 and with 2% interest over 30 years you would pay... £713 per month, £256,596 in total and £63,798 in interest.  + +Prioritise and attack this like your debts in Step 2. Increasing your monthly payments by just over £100 to £820 per month your mortgage would end... 5 years early and have saved you £11,614 in interest.  + + +**8. Build Wealth** + +Now the clever bit, if you could keep paying that £820 for another 5 years (up to the 30 years you were expecting anyway) but into a fund returning a conservative 5% you would have £56,000 in cash. That could help you retire early or be invested into property to give you a better income. + +It's up to you how you do it - the overall concept is debts are gone and mortgage is paid, we now have a lot of disposable income to invest and save. It will grow really quickly this way as shown above. DO NOT try to build wealth and pay off your mortgage. Don't be tied into a mortgage and tied into paying into an ISA, now your cashflow is really tightly strung, and then woops the car needs an MOT repair! Woops now you need to borrow again! No!!!  + +Dave mentions his millionaire study, about 90% of 10,000 millionaires surveyed did not borrow their way to wealth. The borrowing bubble always bursts, especially with rental properties - your cashflow is still finely balanced but now you have more debts, more risk and more worries.  + +Please, follow the Steps in order - only 4, 5 and 6 should ever be done together, though in a perfect scenario 4 would be done first.  + + +**9. Give** + +Giving is important. You may want to give to your kids and be generous in the calculations in Step 6. As long as you are committed on the Steps feel free to use your spare cash giving to charity or buying from a cake sale. + +The most rewarding thing you can give is your time; feel good about helping out and making an impact. The quicker you can become financially stable through the steps the more time you can give. + + +***Summary of the UK Baby Steps conclusions with typical timescales:*** + + +**1. Save £1,000 in emergency fund.** *Takes most people 4 months to do this.* + +**2. Pay off all debts using snowball method (mostly).** *Depends on how much debt, £15k could take 2 years. Downgrade your car! Financial stability is always cooler than a BMW. Use snowball method (smallest debt first) unless you have Payday loans.* + +**3. Save 3-6 months expenses in developed emergency fund.** *About 1 year to save 6 months worth of expenses.* + +**4. Save up for a house deposit.** *Looking at 3 years to save a 15% deposit for a couple buying together.* + +**5. Put money into your pension.** *Work for 35 years for full state pension. From gross salary another 12.4% in own pension (employer may contribute toward this). Or on LGPS or similar, pay the obligatory 6.5% for 35 years.* + +**6. Save for children's University.** *£100 per month from birth until 18th birthday. Take out the student loans in 80% of cases. Think carefully about whether that degree/course is vital* + +**7. Pay off mortgage early.** *Pay mortgage before spending on anything else. Always overpay if possible, use an overpayment calculator to see savings. Quicker paid off means less interest and onto Step 8 sooner...*  + +**8. Build Wealth.** *Once debt-free INCLUDING your home, cash/wealth can really build up fast fast fast. Do this step AFTER step 7 always, even if you have to wait until your 50s. Spare cash?... overpay! Once built up enough can buy rental properties then, but don't borrow ever again.* + +**9. Give.** *Give what makes you feel good, especially your time, to worthwhile causes* +She’s 70, gets about $951 in SS survivor benefits, and is about to be evicted from the RV park where she lives (RV is good for scrap only, doesn’t run and interior is destroyed), probably because of issues with all her feral cats. Don’t know for sure. + +I can’t have her live with me. I will end up in a mental hospital before that happens. Shitty childhood, but not quite shitty enough that I’d be fine if she ends up on the street. I can contribute some amount monthly, but I don’t have the thousands of dollars per month that retirement homes seem to cost. + +What resources are out there for senior citizens in this situation? I tried to talk her into applying for low income housing before and she said she couldn’t stand to share a wall with someone. I guess she might not have any choice now, but how hard is it to get the process started/how long will it take? I assume she will be served a 30 day eviction soon. + +I have two siblings, but everyone is playing the “not it” game, and 75% chance this lands on me. + +(To clear up any “just suck it up and let her live with you” sentiment, my parents liked to let all sorts of random men stay in our house when I was a little girl and they were both drugged out. I’ll let you do the math on that one.) + +EDIT: I post a lot on these subs (pf and la), this is obviously a throwaway account. I am pretty blown away by the support and responses I’ve received, both with good suggestions, people going through the same thing, and others who just wanted to give me a virtual pat on the shoulder. It means a lot. You never know what you’re going to get when you open your problems up to the internet, and I guess I expected the worst, probably because the situation makes me feel so shitty. + +TLDR: Got kids? Please save for your own retirement so they don’t end up in this situation. + +UPDATE 2: No specific progress. I never expected this thread to blow up and I work in a public-facing industry, so while I long to give a lot more detail, I’m hesitant to do so. I can tell you that most of the suggestions given, in my specific city/county, all lead back to a page that says “call social services”. Adult Protective Services ONLY had verbiage on their webpage regarding actual elder *abuse*. The only housing resources seem to link back to a third party affordable-housing portal. This is in a large NC metro with a lot of tech workers but probably also a high poverty level. All this said, I will call social services (and 211, if it isn’t the same thing) and see if I get anywhere, and either way I will post an update thread. + +I’ve read all the responses and it all means a lot to me. +Delta over-sold a flight + major cancellations due to the NE storm on Saturday. + +Gate agent said over the intercom they needed 1 volunteer to stay overnight. They offered to cover the hotel, plus a $500 gift card. + +I texted my partner to say I was going to HODL until at least $1k lol. + +Not even a minute later, they upped the price to a $600 gift card, the hotel, and a first class direct flight the next morning. + +**Then someone paper-handed, and it was over.** + +I couldn’t help but think if the rest of the plane knew what my fellow apes know, we could have all probably made some money together. + +Just sharing, because I appreciate you smoothies so much! I am zen. + +But also stoked for market open tomorrow! +So I use to be the type that I would always have CNBC on or CONSTANTLY be checking CNN or CNBC websites for news updates both national news and financial news, or trying to see all the opinions of all these financial and stock “gurus” on Fox Business and CNBC, well I came to the realization that all news is now a days is just there for ratings and sensationalism so I said enough is enough and I decided once and for all to “Kill the noise” so I have no idea what is going on in the world or country nor do I care. I had no clue about the recent school shooting until I heard co workers talk about it at work in the break room. + +I have absolutely no clue what’s going on with Trump, politics, North Korea nor do I have any clue nor do I care what Jim Cramer thinks, or Mario Bartiromo or whatever else idiot on TV thinks about the direction of the market. I don’t give two craps about fed meetings, interest rates, upcowing jobs reports, Geopolitical turmoil. I just simply stopped keeping up with it all together! + +All I need is my think or swim platform and analyze tools and at the end of the day, the ONLY thing that matters is if a certain stock is moving against me, make my adjustments, execute the trades and stick to the plan. It makes literally 0 difference to me the reason why it’s moving against me because it literally does not matter, the ONLY thing that matters is to simply adjust and adapt accordingly and remain disciplined. + +I have found that not only am I making way better trades and I am WAY less emotional, I am just overall happier with life and have better well being. Best decision I ever made in my trading journey. +Hello everyone. We are WeNano. + +We are excited to be able to engage one of the largest (if not the largest) cryptocurrency communities on the internet. Our main goal today is to hopefully give people a better idea of what WeNano is, what it isn’t, and what we hope to grow into.  + +A very top level view of our platform breaks down to us being an independent currency distribution platform which enables anyone in the world to be able to give to any person, community or cause in the world with the least amount of friction as possible.The main method of navigation on our platform is via the world map which displays all the different Spots that real world users have set up to help distribute what we and our users believe to be one of the easiest decentralized currencies to transact with: Nano. This has enabled so many individual users to distribute Nano to anywhere in the world without worrying about fees, delays, or technical difficulties. We have also caught the attention of globally focused charities that are looking to harness the power of decentralized digital currency to better meet the needs of their respective clients. + +We have so many plans for this platform and are incredibly happy and proud of the great support we have received so far from both the Nano Community and the crypto community as a whole. To help get into the details of what we have going on we have a few of our core team members here to help answer some questions.  + +u/Tipanano \- Anders - Founder + +u/Sbhuson \- Scott - Lead Backend Developer + +u/Benlo_0 \- Ben - Brand / Communications Manager + +You can download the app for Android or iOS by visiting our site here: wenano.net + +We’ll be on at 4:00 pm EST/ 1:00 pm PST to start answering questions. + +So without further ado, Ask us Anything! + +Edit: Awesome to see a lot of new users trying out the app for the first time. If you have support questions heading over to our discord: [https://discord.gg/mscWSBBF](https://discord.gg/mscWSBBF) is probably the best option! + +That just about does it for our first AMA ever. Thank you to everyone who submitted great questions and also thank you to all who helped us answer some of these questions! + +Also a huge thanks to r/CryptoCurrency and their modteam for reaching out to us and for letting us do this here, greatly appreciated! + +We will be hosting a bit of an after party on the ISS Spot in the WeNano app for the next hour so come join us to keep this excitement going. See you all soon! Install the app, and tap here to be on your way to the moon: [https://s.wena.no/s/3fbrbwxu](https://s.wena.no/s/3fbrbwxu) + +&#x200B; + +&#x200B; +I've been working for this company for just over 4 years. It was the first position I accepted after graduating college & has been a great place to get my feet wet in the industry. I've been fortunate to advance quickly and be recognized as someone they'd 'like to promote to the leadership team in a few years time.' + +A few months ago, they approached me about the opportunity to relocate to one of their other offices where they'd lost a valuable senior staff member. The office is about 600 miles away from where I currently work & the cost of living in that city is roughly 5-10% higher. The job they've asked me to consider includes a multitude of new responsibilities, not the least of which is managing & mentoring a staff of 3-4 junior team members. + +I currently make just over $51k and the value of the contracts I manage exceeds $700k. The company generally makes a profit of 20% contract value. Friday, they gave me their offer consisting of a 5% raise and an offer to share moving costs. I was taken aback by this as I feel I add far more value to this company than they are compensating me for and, as it was their request that I relocate, I think they should be covering moving costs in full. When I pushed for an explanation of why the offer was low, I was told that my salary already exceeds others with my years of experience and that they can't go higher because it "isn't fair to my peers." I was told that I should be grateful for the opportunity & potential 'fast-track' advancement after proving my managerial chops. + +It's extremely frustrating to me to be expected to take an offer based on the promise of future advancement. They are essentially asking me to replace someone with twice my years of experience, in a different state, and to manage a staff on top of my current duties, for about $2500. + +I have a follow-up meeting on Monday. I'd like to make a counteroffer, but haven't settled on what that should be. 15%? 20%? If they don't budge, my inclination is to walk away from this offer & my employer, chalk this up as a learning experience, and find somewhere where I'll be more valued. + +What is your thought? + +**EDIT: Thank you all for your input! This got far more attention than I anticipated & I truly appreciate you guys taking the time to weigh-in on my situation. I'll let you know how the follow-up goes! + +**UPDATE: Meeting was delayed until this morning, so apologies for keeping ya'll on the edge of your seats! I decided to counter for a 15% raise (bringing me up to just shy of $60k) + full moving costs (including PTO to find a place, lodging & rental costs during said trip, cost of hauling possessions, and cost to break my current lease--likely around $5k in total value). While they declined my request for a salary increase (due to years of experience, as expected despite my best effort to combat that argument), they approved paying for full moving costs & are working on an offer for me to get a percentage of the profit from my contracts in perpetuity. No word on what that percentage is just yet, but I will know likely by the end of today. If it comes back as an attractive offer, I plan on accepting & relocating for at least a year to get the resume line before jumping ship. + +For anyone looking to do the same, this is my experience: I went in with a counteroffer letter succinctly thanking them for the opportunity, letting them know what I objected to, and restating my cause (happy to share my write-up if anyone is interested). There was **a lot** of discussion--mostly me reinforcing why I am of extreme value to the company and them reinforcing that they can't increase my salary based on their 'verified data.' We hit a stalemate about 20 minutes into the conversation, which was only broken when I asked what else they'd be willing to put on the table. They suggested the profit percentage as a way for me to have a more direct investment in the company & make some extra money to bring me up to the level of pay I originally requested. I'd thought of asking about this option previously, but honestly didn't think that they would go for it--shows that you might as well throw it out there! We'll see what happens next. + +Again, **thank you** for all of your input, sympathy, and cautionary tales. I would not have been nearly as prepared without your help! +I can't quite figure out the math of closing an option trade at 50% in the situation where the stock is falling consistently. I want to ensure I fully understand the scenario so I can add it to my gameplan when it comes up again. + +Let's take PLTR as an example. On 3/18 I STO a $25.5c 4/30 for $2.30. $25.5 is above my cost basis. I am nearing 50% profit on this trade already. However, if I were to roll this out, I would need to roll it to 5/21 which is a solid 60 DTE. I usually do 30-45 DTE for the faster turn-around. + +At this time, I do not see any events driving the price up much over the next 2-3 weeks. + +Normally, I setup a BTC at 50% when I STO a CC. + +However, I'm struggling to figure out how this benefits me in this scenario where I don't see the price going up soon and the next expiration date is 60 days away. + +In this situation, is it more profitable to let the CC play out to 70%-80% or to simply close it out now? If I close out now, I'd like sit on this stock and not sell a CC right now because it's on a downtrend. +Hey everyone I have just enough money to get 5 shares of either GOOG or AMZN, question is which one should I get? I plan to do otm CCs on them but not sure which one would be better to do it on. Any opinions of which would be better for CCs after the split? + +&#x200B; + +Update: Decided to choose GOOG, getting 1 sare a week until I have 5 shares and 1 share of AMZN +Hey Y'all + +Just wanted to introduce myself, I'm a new trader that wants to be successful. I jumped into stocks with all the hype and did not properly educate myself. I've taken around a 4K loss (mainly due to GME) but I'm not deterred. Any tips/advice/resources are all welcomed and appreciated. Happy friday everyone! +(Using a throwaway) + +Some background info: + +I’m a full time student, currently 24, and I have about 1.5-2 years left of my undergrad. I worked retail the first couple of years after HS, saved up as much as I could, and grew my portfolio to ~400k. I haven’t had a job in 2.5 years, I have never worked in my field, and my only external source of income is looking like a possible 4 month internship this summer (but not guaranteed). + +I have 350k invested in stocks and ETFs, and make ~14k a month selling options with the leftover cash and margin BP. I don’t do CCs on my stocks, these are long term plays and I don’t want to sell them. It’s been pretty stable, and I think I could be more conservative and make ~8-10k a month pretty reliably. + +I’m very conservative with my spending, and other than a nice desktop for schoolwork and an old car a few years back, I only spend money on living expenses and gifts for my SO. We live together, but as we’re both full time students and their parents fund their expenses, so our finances are mostly separate. + +I have a big tax bill this year (due to a beginner mistake on my part, definitely won’t make it again), and I’ll need to withdraw some additional money from my account to pay for it. I also really want a Tesla, it’s been a dream of mine for over 10 years, and I’d like to make the purchase this year if financially possible. This is probably my only unreasonable material desire. + +My question for you more experienced folks is, how do you use gains (specifically thetagang gains) to pay for big purchases / large expenses ? How do you manage needing to sell some assets to cover other unexpected costs? + +So far, my biggest purchase was my current car for just a few thousands 3 years back, paid out of my savings while I worked. Otherwise, I just need roughly $1500/month for expenses and tuition fees. I have absolutely no idea how to handle expenses in the 10s of thousands. Not having a job, even the upcoming larger-than-normal tax bill is a little scary, because the money must come out of my investment account. + +I’d really appreciate any advice or considerations I should make. I don’t really have any adults around me who could talk about their experiences. + + +For the car purchase: + +I have an excellent credit score, but I don’t think I’d want to take out a loan for the car because I would rather buy it cash and not worry about losing the money in the market. It doesn’t make sense to pay for a loan, and keep the money in a savings account either. I’d also take out additional money for insurance cost over the next few years, and for emergency expenses if they are ever needed. + +Thank you! +(openinsider.com/CTLT) +So the company Catalent has the Q4 earnings report due before market open on 8/29, but all 17 of these insiders sell their positions on 8/25 and report it together on 8/26 after market close in a 15 minute time span. Since 8/27 and 8/28 is weekend this huge insider sell would not be able to impact share prices whilst these insiders wouldn’t have to bear the impact of the presumably bad quarter CTLT is going to report. This surely is insider trading and can’t be legal, can someone explain to me how they can do this? +Last week in Alphabet's Q3 earnings call Alphabet provided investors with some updates on Waymo: + +Ruth Porat, CFO of Alphabet +>With Waymo, in the third quarter we built on our +Early Rider Program, both expanding the group of participants and beginning to test pricing +models. + + +>And then in terms of Waymo, in the third quarter, as I +think you know, we extended our Early Rider Program to a larger group and we moved into very +early days of commercialization. So we do now have people paying for rides, and we're also +testing pricing models. +I think the main point ­­ we’ve said this repeatedly ­­ is that we are intently focused on safety +first and ensuring a great user experience. And so what that means is we're really expanding +the program methodically. We're taking an iterative approach as we continue to broaden the +geographic footprint. And then on top of that, as we've talked about on prior calls, we've been +developing the B2B opportunities. So in Phoenix, as an example, we've been piloting with +several partners who are sponsoring a service on behalf of their employees and customers. +And, again, it's early days, so small revenues. But we're pleased to be testing this out as well. +And then on top of that, continuing to explore, applying our technology for logistics and +deliveries and for personal­use vehicles and for last­mile solutions for cities. So you can see a +move in the third quarter, but as we said repeatedly, it's very early days and we are taking a +very deliberate iterative approach to broadening it out + +Sundar Pichai, CEO of Goggle +>And when you mention areas like +YouTube and Waymo and Cloud and Hardware, they all fit the category. But we take a very +long­term view, and we want to invest to get the user experience right. And we are pretty +confident that when we do that, the value will follow + +Personally I think this service flew under the radar, for example I only found out about this service in detail last week. It could be a game changer! + + + + + +I usually avoid areas where there seems to be a lot of hype built up but with the potential of more legalization and MJ seeming to begin to stabilize after TLRY last week it seems that there could be a good opportunity but i’m having trouble convincing myself of buying or not and wondering if it’s anything more than FOMO. +These are the two scam wallets, with the publisher listed as "Bit Coin". Please alert Apple, stay away, and do NOT download. These follow the same trends as all the previous scam wallets that Apple had approved and then taken down a few days later + +Do **NOT** download these, they're most likely designed to steal Bitcoin. + +Ocean - Bitcoin Wallet by Bit Coin +https://appsto.re/us/5rBtfb.i + +AlphaWallet - Bitcoin Wallet by Bit Coin +https://appsto.re/us/xCrvfb.i + + + + + + + + + + +&#x200B; + +[check it out right below homies!](https://preview.redd.it/gfee76c0wf491.jpg?width=1170&format=pjpg&auto=webp&s=71a836a7fe42fdeb7182faf7cfd4165f4add8e06) + +[https://twitter.com/pulte/status/1534278922325614597?s=21&t=lF9gl7ulq2guBssB02HxvA](https://twitter.com/pulte/status/1534278922325614597?s=21&t=lF9gl7ulq2guBssB02HxvA) + +As the conversation goes, we get the initial uncertainty from Pulte, evidence is provided, and Pulte back to being Ape on rocket ship to the moon, Uranus tbd. What I wonder is if this information is enough to buy more for him. Either he maxed out on day one, or he overbought on less than optimal information and is in "catch up" mode on validating his decision to buy in..... We all know he isn't tapped out, few of us truly are. This increased education and increased clarity around why the MOASS is imminent is, arguably, the sort of thing that justifies expanding positions. + +&#x200B; + +Pulte, if you see this, please be king ape and share your thoughts on your position and what may move the needle....if not the mountains of evidence MOASS is upon us. +Many brokers have been telling their clients it is difficult and slow to sell through Computershare, even though it is actually quite simple and quick! Read on to see what you can expect if you decide to place a sell order. + +&#x200B; + +[The fees straight from the banking details section of your profile](https://preview.redd.it/fybshsuumtr91.png?width=592&format=png&auto=webp&s=6883065a8430daad5ee870bb23cbc70cbbdb7d98) + +[This info in the second half only pertains to US investors. Fantastic customer service as always with Computershare!](https://preview.redd.it/hw4cjans8uq91.png?width=597&format=png&auto=webp&s=9fc75279f736590683adb44cffcf367cea220b7a) + +*Please note: In order to get a direct deposit, you need to fill in your Computershare profile with your bank details 10 days before the sale. Otherwise a check will be mailed to you.* + +Computershare charges a **$25** fixed fee per transaction and a **$0.12** fixed fee per share for each sell order they process, that's it. + +If you need assistance from a support agent there is a **$15** "representative assisted fee". + +**In the US:** It's **free** to receive a direct deposit via ACH transfer, or receive your check in standard snail mail. + +**Outside of the US:** It's **$35** for an international bank wire, and **$25** for a check to be sent internationally. + +**Optional Fees:** If you want the bank transfer to be wired instead of via ACH, there is a **$35** fee. If you want a cheque mailed to you using an overnight service, they charge a **$25** fee as long as you inform them about it immediately. If you wait a while and then inform them that you want the overnight service, it's a **$35** fee. + +Computershare charges these fees because they do not make money from your assets in any way. If you are unhappy with these fees, it is free to transfer your shares back to a broker. + +International investors will also be charged a currency conversion fee by their bank. + +You can choose your preference for check or direct deposit as part of filling out your Computershare profile. + +***Please note:*** *international investors should avoid using their Wise account details in their Computershare profile. As Wise has a $1million limit on it's transactions, and a yearly $5million limit. A proper bank, rather than a money wiring platform, would be better at hadling these transactions.* + +## How to sell online: + +* Go to [Computershare.com/us](https://computershare.com/us). +* Click on “Login to Investor Center”. +* Login using the username, and password you have created. +* Click on "View and update your profile". +* Click on "Sell Your Shares". +* Review your personal information on the page and ensure it is accurate. +* Scroll down the page, make sure you have the correct stock selected and click the "Next" button. +* On this page you can choose: + * How many shares to sell. + * What order to sell them in: Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first). + * Or specify the amount of money you want instead of the quantity of shares (market sell only). +* You can then choose from 3 sell order types: + * **Market order** \- An immediate order, sold at current market price. + * **Limit Order (Day)** \- The sell order will execute when a buyer in the market is willing to pay your limit price and nothing less. You may also get a higher sell price if there are such offers in the market. If the price is not met by the end of the day, the sell order is cancelled. + * **Limit Order (GTC 30 day)** \- The sell order will execute when a buyer in the market is willing to pay your limit price and nothing less. You may also get a higher sell price if there are such offers in the market. If the price is not met by the end of the 30 day period, the sell order is cancelled. + * Limit orders are currently capped at $3.5k (after brokers got tired of having databases filled with $214k limit orders). Computershare have stated they will increase the cap as the share price gets closer. In either instance if the price is above $214k your order will fill for the higher price. It's only a limit on how low the price can be. + * ***Please note:*** *Fractional shares cannot be sold through a limit order. If you place a limit sell order with a fractional share, the fractional will be sold immediately as a market order.* +* Once you have made your choices, click the "Next" button to submit the sell order. + +If you have chosen to do a market order, the sale will process immediately and the funds will be sent to your bank account or to your home in the form of a check. + +If you have chosen a limit sell, then the trade will stay pending until the price is met. If the allotted time has elapsed, the sell order will be cancelled. + +# If you're selling for windfall levels of money, give your bank a heads up that you have received a windfall and it is coming into your account soon. + +# This will prevent the chance of your bank freezing your account if they think it might be a mistake or fraud. + +&#x200B; + +**Still under construction: How to sell over the phone and through snail mail** +interesting theory on early retirement, more about controlling spending than much else + +http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ +Winners: + +* 1) believers and visionaries, who see Ethereum as a solid technology with a bright future: they are accumulating Ether like it's Christmas. Did you notice that many of ETH holders are actually smiling instead of crying? The ETH believers are not in the making-loads-of-money mindset yet. Instead, they are still in the stage of greedy accumulation. They are buying up the ethers like it's christmas. Smiling with each price drop because it's like a new christmas present every day: *"bought some yesterday, great, but today it's cheaper, and that's even greater"* + +* 2) The bitcoin crowd that's aggressively shorting for a seemingly win-win situation: they are throwing everything they've got into shorting ether because it gives them extra BTC's, and they believe they are hurting or destroying the biggest competitor of Bitcoin at the same time: yes, this feels like a win-win and they are having a big smile as well. + + + +So who are the losers? + +Actual ETH owners who got in with a vague understanding and are now bailing out of fear. They only read about the forks and bugs, and don't care about the why's and fixes. + +All of the people that I got into Ethereum are now full of doubt and secretly think I sold them a bullshit story. They don't necessarily say that to me, but I feel them thinking it. + +These people are the frontline losers. Their money is going straight to the Bitcoiners that are shorting. + +Once the frontline losers are out of the way, the bitcoiners with all their short positions are the next losers. All the profits they made on the back of the frontlines will diminish hard and fast during a cascade effect during the reversal. Not only their profits will vanish, but they will become net losers as well during desperate attempts to redo their shorting strategies. + +All of that value will then transfer to the long term holders that were accumulating during christmas time, and don't expect these guys to be selling any time soon. + +The effect of these events will lead to a price increase you've rarely witnessed before. In a relatively short period, the price will burst through all of the trendlines leading straight to a new all time high that's significantly higher than the previous one. + +We are talking about daily 20 % increases and higher, for a continuing period of time: day after day after day. + + +All of this is waiting to be triggered by one major event and I have a strong expectation that it will be the Metropolis release **at the latest**. + + +**Endnote:** I am not pumping. My post is not going to influence the price in any way. All I'm saying is, don't miss out. You really don't want to miss out. +Set a DCA plan and stick to it, believe me if you are in for long term and believe in crypto you shouldn’t be panicking right now, only thing you should panic about is not having enough money to accumulate because when this phase is over you will see the real gains. Good luck to you all. Don’t forget to take profits. +Hi you filthy animals, + +I'm somewhat new around here myself and want to share my advice with other new people. + +I got very, very lucky when I put a few thousand bucks into ETH a couple of months ago. I only invested when I could afford to lose. Only EVER invest what you can lose. I have a full time job and figured it's good to diversify into something risky. I got very lucky and it turned out I picked something that was great. Right? Since then I've lost sleep and made great plans! Life is great except when the market is down. Oh god! But I'll be rich if I HODL, right? Maybe is the only right answer. Probably is optimistic but not crazy. It is not a sure thing. Don't lie to yourself. + +I was sitting on a pile of money and suddenly I had to learn about what's going on with this technology. I've learned a few lessons. I believe in the tech. I really think this stuff is amazing and I think it's going to go up.... But what if I'm wrong? It's time to evaluate your position and consider diversifying. Don't spend the profit but do invest in new things. Do you need to fix your car so you can get to work reliably? Do it. Do you have debt? Pay it off!! Investing in tools like basic maintenance on your car is good. Investing in mutual funds on good. Putting money into a savings account at 0.1% interest is reasonable for people who have zero savings. Really. Have a savings account! Do not use this as your only "investment". Consider investing in other cryptocurrency altcoins. Read about them and understand them first. + +Take this time to pull out what you can't afford to lose and diversify. + +If you feel you are invested too deeply in something risky like ETH then pull out a bit and invest it into something else. Put it into mutual funds or something. What ever it takes to make you sleep better. Don't stress over this stuff. Don't risk poverty over this stuff. + +Don't make impulse sales of your ETH when the market is down. If you believe it will go up eventually, just put what you feel comfortable losing into the pot of gold and wait. Don't over invest. + +Don't try out-smarting the trading bots. There are programs doing automated trading on all the exchanges that will always be faster than you. Don't get greedy. + +Be sure you can get access to your money using more than one crypto currency -> fiat exchange. In other words, have a couple of ways out. + +Never transfer large sums of money (you choose what that means but I say it's over the cost of a months rent) without double and triple checking you are doing it right. + +Remember that you can get lucky or unlucky. This stuff is amazing technology and some version of it will be the currency of the future.... Unless Trump gets in a pissing contest with someone and blows is into the stone age. + +And lastly, never, ever put your own financial security into risk. This isn't very different from gambling. Yes, we think the odds are stacked in our favor but what if they aren't? + +Don't buy with a credit card! Don't take out loans! Don't convince yourself or anyone else that they can't lose money on this. It's all speculation and you don't want to go bankrupt over tulip mania. (Google it) + +Now that I made my PSA let's all go back to imaging the world with a single unified super computer that provides decentralized contracts and gives everyone equal access to money and markets. Some of us are even driving lambos on the moon. ;-) + +Ps, don't quit your fucking day job. I don't care how bad your job is. Use this opportunity to become more financially stable but for the love of God, don't quit your day job. I even have an appointment with my bank tomorrow to speak with a financial advisor to get long term advice on this stuff. They won't know everything but they know more than me. Seek out advice from people who know shit, not random pimply neck beards who tell you to HODL between posting Internet memes. This is your hard earned money you are gambling with. It may be your hard earned profit if you do it right. For many of us is a chance to get ahead. For a lucky few of us it's a chance to retire at 20.... You probably aren't one of them. + +Edit: typos + +Edit 2: Please evaluate your whole financial situation. If you are in debt to student loans or cars or heaven forbid, credit cards, please dump some ETH and pay off those debts. Imagine what opportunities you could accept of you could get out from under those debts. The interest the credit cards are charging you is killing you. Yeah, ETH may go to the moon but it may not. If you have the option of cashing out right now and going debt neutral then please do. + +If anyone finds my advice useful, please send ETH to 0x7fEA5c147e7b8d4C60328De3733D4446c4b0eEA2 + +Thank you, +Ethereum is among the most scalable blockchains existing at the moment, due to its adjustable "block size", far beyond Bitcoin. +About the conference, a mysterious announcement is [planned tomorrow (at lunch time)](https://www.accountingblockchain.net/schedule). + +Don't forget all these facts when the network is frozen for a few hours due to a *successful* initial coin offering. +The quotes out of context sound more dire than reality would seem to indicate. I feel the general consensus is that the EU would never allow Airbus to go under, just as the same would be true with the US and Boeing. + +I am looking at the price of EADSY right now and can only think it's a good buy and hold. If it's under $14/share I feel there's money to be made. + +Just curious what others like or dislike about the only other commercial airline maker in the world. +Disney will reorganize to two departments: Disney Media and Disney Parks, Experiences and Product. + +Disney+ now up to 86.8 mil subscribers. Fears subscribers and growth would drop a year after launch were unfounded. [Growth](https://twitter.com/JonErlichman/status/1337152991669968897). Says most current subscribers do not have kids. + +Hulu currently 38.8M, ESPN+ 11.5M, 137M paying subs total. Disney still considers themselves in "launch mode" with most expenses in content development and brand awareness in new markets. + +**New Subscriber Expectations:** FY 2024 = 230-260 mil Disney+ subscribers (up from 60-90 Mil originally). ESPN estimated 20-30 mil, Hulu estimated 50-60 mil in 2024. Expects profitability in DTC by 2024 with peak losses in 2021. + +New ad-free Hulu + D+ + ESPN bundle for $18.99. Price hike of +$1 for D+, +€2 in Europe and other markets. Just one year before Disney's first price hike. + +No info about the parks, now the black sheep of the disney franchise + +Disney will Launch Star (Hulu for international markets) on 2/23/21 in Europe, Canada, Australia, and Singapore first with further launches planned. Star will be fully integrated in Disney+ ([accessed like this](https://twitter.com/Disney_Matters/status/1337156588486979585)). Star+ is an exclusive sports streaming app for Latin America. + +* Pixar Soul released free on D+ on Christmas. "Luca" & "Raya and the Last Dragon" released in theaters as well as Disney+ premiere (same way as Mulan) in 2021. + +* Announced new movie Encanta set in Colombia, music by Lin-Manuel Miranda + +* Comcast will make D+ available on xfinity platform + +* ESPN gets the SEC college football contract (CBS loses it). Hulu will add direct integration with ESPN. ESPN+ new studio show starring Stephen A Smith + +There was so much new content announced that this is a pretty bad summary and I missed a lot, but overall idea is Disney is investing big into content and especially D2C content: + +* 10 new Marvel and 10 new Star Wars series "over the next few years". 15 live action/animated/pixar series, 15 live action/animated/Pixar movies. All direct to Disney+ + +* Wandavision in Jan, Falcon and Winter Soldier in March, Loki in May + +* FX producing lots of new content for Hulu. It's Always Sunny in Philadelphia 4 new seasons on Hulu, will be longest-running live action sitcom in TV history. Handmaid's Tale season 4 and 5 announced. + +* New Kardashian reality show to Hulu. Only Murders in the Building starring Selena Gomez, Steve Martin and Martin Short to Hulu + +* Sequel to Enchanted, live action Peter Pan, live action Pinnochio, Sister Act 3 all Disney+ exclusives. Also Diary of a Wimpy Kid, Lion King prequel, live action Little Mermaid in theaters and then D+ + +* New live action D+ shows targeting the entire family including Mighty Ducks starring Lauren Graham and Emilio Estevez, Turner and Hooch starring Josh Peck, Big Shot starring Yvette Nicole Brown and John Stamos. The Mysterious Benedict Society and the Percy Jackson series in development. + +* New animated Disney+ tv shows starring Moana and Tiana (princess and the frog), Zootopia series. Cool new sci-fi animated series set in Nigeria. + +* New original movies inspired by the real-life stories of Chris Paul, Giannis Antetokounmpo, Keanon Lowe + +* National Geographic (on D+) releases new documentaries filmed while landscapes were closed due to covid 19, Jacques Cousteau biopic + +* Chris Hemsworth and Will Smith both have new documentary series on National Geographic. +When I went to high school there was no education on economy, let alone classes on how the stock market operates. Instead I learned the basics of economy when I went to college. I know teens don't have much money to invest and it's not even legal to invest at their age but teaching the importance of saving money and basics of compound interest would be beyond beneficial at their age. + +Instead of nonsense classes like jrotc or French(which is completely useless for a teen), high schools across the world should be teaching the basics of economy. If there was economy or a market class back when I went to high school, I would of invested at an earlier age rather than waiting later in life. +When I went to high school there was no education on economy, let alone classes on how the stock market operates. Instead I learned the basics of economy when I went to college. I know teens don't have much money to invest and it's not even legal to invest at their age but teaching the importance of saving money and basics of compound interest would be beyond beneficial at their age. + +Instead of nonsense classes like jrotc or French(which is completely useless for a teen), high schools across the world should be teaching the basics of economy. If there was economy or a market class back when I went to high school, I would of invested at an earlier age rather than waiting later in life. +Markets used to move pretty severely after tariff talk. Do markets think that Trump is just huffing and puffing again? He's definitely a blowhard and a very ineffectual leader but unlike most things he says he actually can implement tariffs and congressional republicans won't lift a finger to stop him. +So five days ago, this mofo lost 93% of his wealth in a day, down from 15-16 billion, making him have only **991.5 million**. Yes, he's no longer a part of the tres comas club, I can only imagine how much this sucks. + +But this sorry excuse for a human can lose 93% once more, and be worth **69.4 million**. + +Then he can lose 93% ONCE AGAIN, and have close to **5 million** dollars, which is an amount of money that would personally bring to me to a point where I would not have to work a single day in my life again. This is my hypothetical level of F U money (as you can see, my level of F U money is not equivalent to having private islands or 3 different colored Lambos in the middle of my living room, it's just not having to worry about how I will pay everyday living expenses). + +&#x200B; + +What I'm saying is: **if a person can lose 93% of his worth, not once, not twice but 3 times**, and is still over the hypothetical level of money you would need to achieve financial freedom, **HE IS NOT YOUR FRIEND.** Don't feel sorry for him. +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. + +Hello folks, + +Pursuing financial independence has been a hobby and passion of mine since I first started working 16 years ago. I think I still have the first dollar I've ever made. + +Out of my $1.4m networth, around $1.1m of it is currently invested, the remainder forms home equity, cash, a car or "stuff". My medium-term goal is to reach FI at or before 40 with around $2.5m invested assets. That would give me and my family, assuming between a 3.5-4.0% annual draw, $87.5K-$100K per year to live on (> 2.5x our current annual living expenses). + +FI is a topic I'm very interested in but I know that others might not be so I'm not pushy about it in my daily life. If you are interested in knowing more I'd be happy to offer my insights and advice to other current or would-be hobbyists. +My mom is a single mother in nursing school. She will graduate next year. She is filing for bankruptcy and has to surrender her vehicle. She wants to buy a vehicle in my name, I absolutely do not want to do this. She says she can’t buy a cheap vehicle nor will she be able to have a co-signer because of her credit. I have tried thinking of ways to help her out but I can’t seem to think of anything. + +Thank you in advance for any advice you have. +I'm about to finish my ChFC and looking to move to a firm who does fee based planning. + +I've had a TON of offers from places that aren't fee based but they all seem like a money grab. + +My ultimate goal is to be able to do planning for other special needs families like my own, but with the job opportunities currently out there, I'm worried I would just be taking money out of their pockets if I worked for someone who WASN'T fee based. + +Please help! I just want to be able to get my foot in the door somewhere where they don't take advantage of people. + +Thanks in advance! +Hello I hope all of you are well. I purchased a laptop last year using credit from a company called Klarna. When I saw the offer of 12 month no interest I took it. + +I’ve paid off only $300 of the $1000. My grace period ended this January and I see a charge of $300 on my account from deferred interest and now it’s back from $700 to $1000 where I started. I landed on some good fortune recently ($600 from my college financial aid refund) and I have barely enough to pay it off in full without the deferred interest charge. + +I had no idea the deferred interest was even there, I did skim the fine print but I think i missed. Can someone explain what deferred interest is? ( I’m guess it’s all the interest accumulated over the past 12 months) In addition, is there a way to persuade the company to remove it? + +Thank you +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 got an interview tomorrow and i am kind of scared. Please ask me some interview questions so i can make you all proud. new grad/economics major/passed the CFAlevel 1. + +EDIT:These questions are really good, I love you all. please continue to be awesome and correct my responses if you think it's bad. +looking to make a career change and would love to pick up a really solid text that will give me the fundamentals and a better shot and landing a junior-level gig. + +thank you all! +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +TRUBADGER had a huge momentum since the beginning. So far we've become a community of more than 5000 HOLDERs and 9000+ Members on our telegram group, rapidly increasing. In addition to that, we have a market cap of $20M, there's a LOT of space to grow. With every passing day, our team proved that we are here to create the most accessible token for all, whether it was by helping people set up their wallets through Zoom calls or by launching Trubadger in all swaps that the community approved but every time we emerged as a strong community that is ready to make the crypto space better. Here are a few facts about TruBadger 100% community Driven 1. Reflection (3%) 2. Deflationary (1%) 3. Coin Stability funds permanently designated to LP (4%) 4. Marketing and promotion facilitating Trubadger community growth, (1%) 5. Driving innovation and development of blockchain projects via Innovation Fund (1%) creating long term value for token holders 6. Used as commerce on future TruBadger projects 7. Hodling TruBadger tokens is how we’ll identify and grant governance rights once implemented 8. Anti-whale 9. Multi-signature wallets. Token Name: TruBadger ($TRUBGR) Contract: 0xc003f5193cabe3a6cbb56948dfeaae2276a6aa5e Network: Binance Smart Chain Exchange: Pancake Swap Launched: Monday June 14th 2021 🚀Charts:  Poocoin   |   Bogged Website: Trubadger.io Telegram: t.me/TruBadgerOfficial Listed on: ✔️PancakeSwap ✔️Coin Market Cap ✔️CoinGecko ✔️CoinTiger 🌴 1% Manual Burn wallet (join our weekly burn party) 🏦 1% Marketing Fund wallet 💰 1% Innovation and Development Fund wallet TRACK TRUBADGER ON: 📈 Coin Market Cap :🗣️ https://coinmarketcap.com/en/currencies/trubadger/ Coingecko 💡 https://www.coingecko.com/en/coins/trubadger Social 🦋 https://beacons.page/trubadger +Corona\`s main economic impact is supply chain disruptions that are unprecedented. Before Covid supply chain was running smooth as a glove, think of it as a highway full of cars flowing at exact same speed and spaced equally. This supply chain was being perfected for over a decade. And then this shitstorm happened. The highway is clogged, ships are standing loaded with crap they cannot effectively unload quick enough, there aren\`t enough ships to move products that are needed. Including basic materials for industries and intermediate components to make a final product. + +For those who don\`t know, there is an absolute chip shortage in the market right now. Spanning from AMD/NVDA CPUs and GPUs, to auto chips, to new consoles, and any kind of electronics. Even AAPL will have sales issues this quarter caused by the chip shortage. + +The main chip producer TSMC is ramping up CAPEX to $28 billion, including $12 bn for their US plant. + +[https://www.bloomberg.com/news/articles/2021-01-14/tsmc-profit-beats-expectations-as-chipmaker-widens-tech-lead](https://www.bloomberg.com/news/articles/2021-01-14/tsmc-profit-beats-expectations-as-chipmaker-widens-tech-lead) + +The perfect storm is brewing for NVDA and AMD to gain enormously from this market, but in my opinion AMD will end up with upper hand, let me explain. + +&#x200B; + +1. Back in 2017/2018 year old GPUs were selling over on Amazon and elsewhere for double their MSRP. These were old graphic cards! their price should have depreciated over time, but didn\`t. Why? Cause of B T C. Miners were buying that shit by bulks. Guess what? We\`re at the exact same situation right now, except that price of that thingy is now $50k! and with new cards being more cost effective you wouldn\`t be able to buy ANY right now even if you wanted it to simply upgrade your PC and play something. As a matter of fact try to buy GTX 10xx or RTX 20xx gen on Amazon, there are NONE! So its not only the latest gen that\`s unavailable, its ALL of them. And CPUs have the exact same problem, which wasn\`t so bad in 2018. And soon you might find it impossible to buy even any laptop having latest chip: [https://markets.businessinsider.com/news/stocks/chinese-gpu-miners-reportedly-bulk-buying-nvidia-laptops-to-mine-ether-9787156](https://markets.businessinsider.com/news/stocks/chinese-gpu-miners-reportedly-bulk-buying-nvidia-laptops-to-mine-ether-9787156) +2. Not long ago NVDA announced $40 bn acquisition of ARM which would ensure they have access to state of the art IP which would make them future chip behemoth, and not surprisingly the largest companies in the world are now lobbying against that [https://www.theverge.com/2021/2/12/22280262/qualcomm-microsoft-google-nvidia-arm-acquisition-investigations-concerns](https://www.theverge.com/2021/2/12/22280262/qualcomm-microsoft-google-nvidia-arm-acquisition-investigations-concerns) . With this in mind, its becoming increasingly likely the acquisition wont go through. On the other hand, AMD replied with the acquisition of XLNX which seems wouldn\`t be such an issue considering AMD is way smaller than NVDA or INTC. +3. AMD and QCOM are actively lobbying US gov to address the issue, which they will. What to expect? Quite likely to remove previous trade policies regarding chips - resulting in easier access and higher/cheaper volume of chips being produced overseas. Which would mean AMD can ramp up production and meet the huge current demand of data centers and whoever needs their GPU. [https://www.bloomberg.com/news/articles/2021-02-11/biden-team-pledges-aggressive-steps-to-address-chip-shortage](https://www.bloomberg.com/news/articles/2021-02-11/biden-team-pledges-aggressive-steps-to-address-chip-shortage) . +4. Price action - stocks follow certain pattern. They kinda wobble within some range for long period of time, 6-18 months, this is where a lot of accumulation by big players happen, and fundamentals kind of crystalize. Once the conditions are right, the stock can shoot 50% in a span of a month and then hover on new level for considerable time. Look at the chart of TSLA 2015-2019, NVDA numerous times, AMZN, GOOG, etc. Right now, NVDA is up already 20% in the last month. I believe the market will look from NVDA to AMD very soon, given points 2-3 and major holders wont be willing to sell for current price. + +To recap what is the perfect storm. In 2017/18 chip shortage was caused mainly by A. the thing we dont mention here, right now its also B. new consoles cant be produced fast enough, C. supply chain issues which might be resolved soon, C. simply way bigger improvement in new CPUs/GPUs hence new upgrade cycle coupled with corporate upgrade cycle due to COVID + +I have my retarded position 80x 150c mid June +My parents are telling me you'll lose your the best years of your life (22-24) working lots of hours. They suggest I look into other careers. I don't know what to do, this was like my top choice for this summer. Half of my heart believes in what they say and the other half doesn't. I don't know if it's really right for me. my offer was given a few days ago, but the director told me I have a couple weeks to decide, but he emphasized to let him know preferably as soon as possible. How long is too long until I decide this? How long before you told your director you accepted the offer? I have a couple of upcoming interviews at less work-intensive places. I would appreciate any help anyone has. What would you guys say are the typical hours - 9am - 11pm mainly for first year analysts? + +TLDR: parents think banking is too many hours. Have some weeks to decide. I don't know what to do, I need someone to rationalize it for me. +When I turned 18, there was a casino about 2 hours away on a reservation that I could get into. We'd get paid on Friday night, head to the gas station near us that would cash a paycheck, pile into my crappy little Ford, then make the drive. We'd get there a little before midnight and everyone had their own game. + +The second time we went, one of my friends was hypnotized by the craps table. There were 16 players standing around this sea of green, and every minute or so, you could hear them screaming at the top of their lungs like they just won a million dollars. On the way home that night, I taught him everything I learned from books I'd read about the different bets. "Smart" bets where the house edge was only 1.4%, all the way down to the risky ones where the house edge was over 10% (meaning that for every $100 wagered, you should expect to lose $10). + +The next time we went, we hung around the table, trying to figure out the right way to bet. It seemed a little complicated, so we tried other games. At the end of the night, I had the last $10 and he asked if he could borrow it to go place a bet. I handed it over, then went to the bathroom in preparation for the ride home. When I finally found him again, he had a stack of chips in front of him. He had been gone for about 5 minutes and already turned $10 into a few hundred. Well, if you can turn 10 into 100, you can turn 100 into 1,000 just as easily. We left empty handed that night, but I'll never forget the rush. + +I loved blackjack. I learned how to play at an early age from my uncle, who would always cheat and take my money. He'd say "I just taught you a very valuable lesson." He actually taught me two: 1) if you play against a casino, you may have a good night and win thousands of dollars, but if you keep going back, you'll eventually have nothing left. 2) My uncle was a scumbag who continually cheated and took my money, then told the family I was a poor sport and they couldn't understand why I hated doing anything with him. One of my earliest memories at the casino was running $100 at the blackjack table into $3000, which is more than I made in a month of bussing tables. I went home, paid my rent and blew the rest on useless things I can't even remember. + +What does any of this have to do with $GME? Well I'm still chasing the same high as I was when I was 18. I don't go to the casino anymore, but I've got something even better on my computer. I bought $2k worth of weeklies on Jan 25. Before everything crashed, they were worth over $100k, more than enough to fix most of the problems I've caused in my life. BUT, I was still standing around that craps table. The roller had just made his 30th point in a row, $GME was on fire and couldn't possibly roll a 7! I put my 2k back in my pocket and shoved the rest on the pass line. A few minutes later, the croupier inevitably yells "7 out!" and just like that, I'm back to nothing. + +Now I do what every moron around the table does. You reach back into your pocket, pull out the 2k and make a deal with your maker. "Just let it happen one more time. I won't be greedy THIS time and I'll stop when I hit 50k." I stop looking at the smart bets and start eyeing the center of the table, where hard ways are paying 10:1. Yeah, that'll be how I get back to 50k. A couple of those in a row and I can put a down payment on a house. 5 minutes later, I'm on my way out to the car and I feel like I've been punched in the gut. Again. + +Every one of you in this subreddit is another person sitting at the casino. Everyone has their game. The people holding $GME stonks right now? You're playing baccarat. If you've never heard of it, it's what James Bond plays in the old movies. It's about the most boring thing you can do. Two hands are dealt and you're betting on which one wins before anything happens. There's no actual skill and it's the same thing as betting heads or tails, while losing 1% of your bet every time. + +The people who cashed out and picked something else like $AMC or $BB? Those are the slot players. You had a big hit and now you're going to switch machines because the other ones are "due". You're looking for the exact same magic, thinking there was something smart in your play, when it was really just dumb luck in timing. + +The people saying "If Daddy Elon or Cowboy Cuban gets in, we can trigger a squeeze!" You're the guy who spent too much money in the first 20 minutes of the trip and now you're begging everyone else for a loan. + +Tldr: Nothing is happening with $GME. Stop saying "tomorrow is the day." Billionaires are not coming to bail you out. If institutional investors come in, they're waiting for this constant downhill slide to end at where the stock belongs, probably around $20. You can't trigger shit by holding. The HFs will outlast you. + +Edit: Screenshots from the worst 40 minutes of my financial life https://imgur.com/a/MlTRJmx + +Edit 2: JFC, some of you are takin WSB way too seriously. You should not be using reddit for DD. Also, this is not financial advice. Don't take financial advice from someone who tells you stories about chasing highs at casinos. + +Edit 3: This is WSB, my dudes. I'm glad most of you were entertained by my story. For the few of you who got that worked up by a random stranger on the internet telling you that he's a degenerate, you may actually have a problem. https://www.ncpgambling.org/help-treatment/ +From a Bloomberg article describing r/wallstreetbets: After user SolTrainRnsOnHolGran wondered whether r/WSB’s activities might constitute insider trading, a user named recentlyunearthed replied, “How can we have insider knowledge when we don’t have any knowledge?” + +This should be the sub description. + + + +Credit to u/recentlyunearthed +Yesterday my boyfriend hit a deer at 60mph. Today they said the car is totaled. Today I also found out that I have COVID. + +My boyfriend and I work together and he has to quarantine with me until my release date, then an additional 14 days after. And our work only covers 10 days of covid related time off, and he has already used 4 of his because he had to get tested before. So we're fucked financially. + +I doubt we can get another car loan and I don't know how we're going to pay rent next month. My mom can't help us and my dad is a worthless piece of shit that I haven't spoken to in over a year. + +Can I just put my head through the wall? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +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! + +Hey all, not sure if this is the right place for this. Please direct me to a better sub if necessary. + +&#x200B; + +I am an attorney and I represent commercial real estate investors. One of my clients is an ETH enthusiast. We often discuss ETHs game changing potential, including the possibility of one day greatly reducing my involvement in his transactions. For reference, we both have a conversational understanding of ETH and blockchain but neither of us are very technically literate. + +My client came across a story regarding a sale of a high scale ski resort property in Colorado that was done via NFTs. He is looking to acquire a new asset and is interested in trying to do the deal on the ETH network via NFTs. + +The following mechanics of the such a transaction are based on my rudimentary knowledge of the ETH network mixed with more traditional mechanics of a commercial transaction: + +Client principal investor (PI) would mint NFTs via a smart contract whereby owners of said NFTs would be entitled to a % of the rents collected from the asset. PI would collect rents, convert rents to ETH and deposit ETH into a wallet connected to the smart contract that would automatically distribute the rents collected. (In the future, tenants would pay rent in ETH directly to the wallet that would automatically distribute same - perhaps that's how you'd want it set-up from the get go.) + +The major issues I see are 1) developing the smart contract, and 2) trust issues between potential investors and PI. + +Assuming my client intends to raise the money to acquire asset from trusted investors he's worked with before, what's the best way to go about solving issue 1 (can you hire someone to develop that type of smart contract?) and, what other issues does this community see with the above. + +Assuming a way to account for the trust issues between PI and unknown potential investors, what are some other issues that you might want to account for? I understand that legally, there are a lot of potential road-blocks. I'd like to explore the scenario from a purely technical standpoint. + +PI has a rock solid track record buy and selling commercial real estate. + +I hope this is enough information to begin a discussion about what I'm proposing. Again, if you think I should post this elsewhere, please let me know. +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. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + Hi + +I have £40k sat in my savings account earning nothing, so looking to invest it mid-term 5-10yrs. I was thinking along the lines of HL Shares ISA for £20k of it. Are HL ok? Are there better recommendations, I'm not looking to invest in Bitcoin :) + +Thanks +Someone posted a few days ago that they got scammed by people purporting to be their bank and convinced them to transfer out their money to "protect it". + +Today I got a call with caller id 03002003300 +I couldn't answer as I was busy and they left no voicemail. Searching for the number reveals it's a legitimate HMRC number. I called the number and HMRC said they didn't try and call me and if they did call, it would be from a withheld number. + +Remain vigilant people, don't trust anyone calling requesting money, never be rushed on the phone. +Considering taking a job at NatWest Group as a software engineer, and obviously they list their benefits but my parents seem to think that if you work for a bank they will give you preferred interest rates on mortgages. + +I assume this was maybe the case when they were younger, but it is still a thing nowadays? +Everyone is telling me to cash out. My friend has been telling me to cash out since January! He is saying to 100% cash out even, not just realize some gainz. + +I literally laughed. I would at least consider selling off maybe 10% or whatever, just seems dumb though. But selling off 100% of my stake? Just lol + +When the dust settles after the next reward halving, I'll at least consider what I will do with my stash. + +Shit is going to explode. + + +Netflix's cheapest Basic plan will cost $9, up from $8; its most popular HD Standard plan will cost $13, up from $11; and its 4K Premium plan will cost $16, up from $14. + +https://www.cnbc.com/2019/01/15/netflix-to-raise-prices-by-13percent-to-18percent-its-biggest-increase-ever.html +I have been following this sub for nearly 3 years and the advice / posts have allowed me to continually grow my net worth. Now that FIRE seems like an actual possibility for me some day, I got to thinking of the actual mechanics of it all and wanted to see if anyone that has already FIREd could opine. + +Essentially, I'm wondering what the best methodology is and the mechanics behind harvesting your portfolio. Let's just say for arguments sake your portfolio is $3MM and you are using a 3% rate for an annual spend of \~$90K/year. + +How are you accessing this cash flow? Some questions and thoughts I had as I think about this: + +1. Are you paying yourself yearly, monthly, or bi-weekly like a typical paycheck? +2. Are you simply selling shares of your portfolio or choosing to not reinvest dividends and living off the quarterly divs? +3. Are you using your brokerage account as a checking account to pay bills or do you keep investments and standard banking accounts separate and transfer money when it becomes liquid (whether yearly, monthly, bi-weekly)? +4. If selling shares, do you have to be cognizant of markets? (for example, if you were going to sell this month you would be selling in a down market) +5. Do most of you manage tax obligations yourself or hire professional help for that aspect? + +I feel like I have many more questions on this topic and want to ensure I'm setting myself up the right way when the time comes to pull the trigger (which is unfortunately still a few years out). +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! + +You can think of Gen 0 kitties as tokens. Gen 0 kitties are created every 15 minutes, put up for sale, and all of the profits go to the creators of CryptoKitties. Gen 0 kitties are created for an **entire year** and we can expect the ETH they receive to be dumped back on the market. This might create a lot of ETH sell pressure just as the EOS ICO has. + +I'm not saying to grab your pitchforks by any means. I think CryptoKitties are cute as hell. I just wanted to throw this out there for anyone that didn't see the direct analogy. Based on the success of CryptoKitties, we might be seeing a bunch of clones in the near future-- a new kind of ICO. + +**EDIT: I'm not trying to say the two products are similar in any way, I am saying that the fundraising is similar.** + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +About a month ago, u/scienceguy9489 posted "[Fuel The Rockets, Liftoff is Due April 24th](https://i.redd.it/kabe49ea7jl21.jpg)." We asked for it, and got more [fundamental reasons why crypto is about to explode](https://www.reddit.com/r/ethtrader/comments/b3tpzx/you_asked_for_it_fundamental_reasons_for_crypto/). Then, we witnessed the [strong support at $160](https://www.reddit.com/r/ethtrader/comments/ba9od0/strong_support_at_160_soon_to_be_200/), followed by a "blast off" ETH prediction [if BTC would have a sustained break above $5260](https://www.reddit.com/r/ethtrader/comments/bbah6c/once_we_have_a_sustained_break_above_btc_5260/). + +&#x200B; + +So, tell us, do you believe that April 24th will be *the day*, or just *a* day? + +[View Poll](https://www.reddit.com/poll/bd8o16) +Closing > 43.000 in September. Is the model that good? Or is it selffulfilling prophecy with people putting a floor of buyers under the base case, following the stock-to-floor-model 🤔🤔🤔. Anyway impressive, like clockwork…. +Hi all + +As per the title - my s\*\*\*\*y company has decided to cut everyones pay by 20% - whilst still expecting us to work. I would get the same pay being furloughed - If i ask to be furloughed instead could this come back on me or could they let me go? + +&#x200B; + +I say s\*\*\*\*\*y because I'm the cash manager, and I know we have been in far worse positions and we are actually doing quite well in these times, it's just an excuse from them to cut costs, they have no need to. + +&#x200B; + +Thanks + + +With the holidays coming, perhaps this will help explain some things. It's a long list, but scroll through and maybe you'll find something interesting! + +**Cryptocurrency - what is it?** + +Cryptocurrency is a currency similar to any other that you have used or heard of. Quite simply put; it’s a value associated with a digital coin, or token. When you purchase cryptocurrency \[crypto\], you have purchased the ownership of a token that exists on the ‘blockchain’. This will be associated with your digital wallet until you sell your token, purchase an item using your token, trade for another token or move to a different digital wallet. + +**Blockchain** + +Blockchain is a ledger or record of all the transactions that have taken place with the crypto that it is associated with. For example, if you purchased Bitcoin, then you would own the digital token at a particular location on the blockchain. This transaction (the purchase of coin, and storage of said coin in your wallet) would be recorded at a particular point on the blockchain that would remain forever associated with the transaction forever. A blockchain does not erase transactions when there are sales, transfers, or usage of tokens. The blockchain stores that information and blockchain ‘workers’ validate that transaction indefinitely. This validation of transactions is what makes the blockchain secure and cryptocurrency extraordinarily safe from malicious attempts to gain control of your cryptocurrency. + +If you have ever kept track of your own purchases either through an accounting software, or even balancing a chequebook, this is similar to how blockchain works. It records each transaction and when a new transaction takes place, the original ‘block’ will then point to the new block with an updated balance. + +Because the blockchain is not stored in a central location (think: bank), it is decentralized. This is a very common word and explanation in the digital world. Decentralization shifts control away from one single person or company and gives that control to the people who own the cryptocurrency. Because the currency is decentralized, it is less susceptible to manipulation from a higher level (government, corporations, etc). + +**Wallets** + +As mentioned, cryptocurrency is stored on the blockchain. The wallet will hold the keys (or reference) to the coin and that is then associated with your wallet. A wallet is something that you will download to your computer (or store on a digital exchange), and like any wallet, you can look at it to see how much crypto you own. It is important to note that you can not see all of the different types of cryptocurrency in one wallet. You will need to get the wallet that matches the currency you have purchased, or are going to purchase. + +A comparison to traditional money is your debit card. You have a debit card that has money associated with it, but that money is stored in the bank and referenced to your account number. When you log on to your online banking, you see a balance that is associated with your account and debit card when you want to spend it. Although blockchain, crypto, wallets, and keys sound a little more daunting; it’s very similar to what you have already experienced with a debit card. + +If you wanted to purchase Bitcoin, you would go to the official Bitcoin site and choose the wallet that best suit your needs. Wallets will typically have light versions and regular versions. Don’t be surprised if you download a wallet and it takes a day or two to ‘sync to the network’. What’s happening here is that you are downloading every single transaction that has ever happened with the cryptocurrency and storing the ledger (records) on your computer. This can sound like a scary thing for sure, but you’re actually becoming part of the secure network as mentioned before. Because you have all the transactions, and everyone else has all the transactions this is what makes the blockchain secure. To change the records at a particular point in time, you would have to change the records on every single computer hosting that wallet, at the same time. + +A light wallet gives you the ability to store the information at the current time for your own records. It does not download all of the transactions in history to the computer. It’s faster to get going on your own computer, which is always nice! + +A third option is using a digital exchange and letting this exchange host your wallet. This is explained below with some other details about exchanges. + +**Digital Exchange** + +A digital exchange is a place where you go to purchase cryptocurrency. Depending on the value of what you would like to purchase, you *should* need to register yourself, using government ID (this depends on the regulations in your country) and answering a set of questions to validate who you are. Picking the right exchange is very important. An exchange that requires no information from you to proceed might sound good, but it might also be a low-budget operation that is susceptible to fraud, malicious intrusions or other issues where you might end up losing your cryptocurrency and any investment that you may have on the website. + +Before you sign up with an exchange, you will need to do some research for your particular area and see what has a good reputation, proper security measures in place and also the ability to buy/sell the cryptocurrency that you are most interested in. If you want to buy Bitcoin, just about any exchange will service this. If you wanted to buy another coin like Dogecoin for example, not all exchanges offer this ability. There are usually ways to figure this out by purchasing a currency that is available and then trading for another currency (purchase Bitcoin, then trade that for dogecoin either on the same website, or transfer to another website) but this can be subject to exchange fees which you will want to research in the first place. + +If this sounds daunting or complicated, it’s best to think of it just like exchanging for another currency when travelling. I personally live in Canada and when I vacation in Florida, Mexico or Cuba, I always change my Canadian dollars to US Dollars. I either go into the bank and do this, or visit an exchange booth in the mall or airport. Then I get my exchange done and enjoy my vacation. Sometimes on vacation, I’ll end up with local currency which I exchange while on vacation to USD and then when I return home I can either exchange back to CAD, or leave in USD for the next vacation. That’s not too dissimilar to cryptocurrency exchanges. I can leave in one currency or exchange to another depending on what my goals are. + +At this point, you’re best to establish what your goals are before you start purchasing and exchanging back and forth. This is when transaction fees or exchange fees can start to add up. + +**Transaction Fees** + +As mentioned above, there are transaction fees on digital exchanges, just like if you were moving money in a traditional bank. It would be impossible to cover specifics as each exchange will have a different setup for their transactions, but this is something that you will want to be aware of and make sure that you have factored into your own calculations as you start to invest into cryptocurrency. + +At the time of writing, I pay a 2% transaction fee on my exchange. Because of this, I try to do less trading and more investing. I don’t want to be paying that fee continually as it will eat away at my investment. + +**Security** + +The safety and security of the blockchain and cryptocurrency in general is extraordinarily high. Because of the things that we have already listed above with the blockchain and how it is constantly validated by a large number of sources, we can be confident that the transactions are secure, next to impossible to ‘fake’ and we are able to confidently store our cryptocurrency without worry of attempts to steal our funds. Like all things in life; you are only as strong as your weakest link. + +This is where the onus falls upon us as the users to protect our own information. You may have heard of people being scammed for their digital currencies in the past; perhaps their computer was hacked, or something else happened where they lost their investment. This is a possibility, just like it would be if I didn’t have a strong password for my online bank. If I were to write down my password for online banking and someone was to see it, I could have a problem. If I were to install a program on my computer that had a virus, I could be open to a malicious attack for my online banking as well. Just like with traditional banking, you must secure your computer and your funds to take care of your end of the crypto transaction. + +From what we have talked about already, downloading the digital wallet is an area that could leave some people open to issues. It is extremely important that you don’t download a wallet that was sent to you by someone on the internet. Always download the wallet from the proper source, whether that be the official site for the cryptocurrency you are thinking of purchasing (bitcoin.org if you wanted Bitcoin, for example) or another trusted website such as Github. You will want to ensure you have an Antivirus program running on your computer, and it’s up to date. Again, if this sounds scary, this is what you should already be doing considering the amount of information that’s typically running through our computers from online banking to personal EMails, to working from home. + +One basic piece of security that I would suggest for cryptocurrency is installing the official wallet for whatever currency you hold, and then sending that currency from the exchange where you have purchased it to yourself. Store this on your personal computer and make sure that you are secure (good password, antivirus, etc). + +**What is “mining”?** + +First, we will want to think of mining in the traditional sense. Someone (typically) with a large machine is boring through the earth looking for minerals. This machine will do a great deal of work, pushing away rock and sediment to find the ore, gem, or whatever it has been tasked to find. A group of miners uncover earth that carried ancient waters and pushed gold sediment into pockets. They sort and sift that earth through large machines to find gold deposits. Tiny little specks of gold that after some processing become large nuggets or bars of gold that are then sold into the open market and eventually processed to become pieces of jewelry for purchase by the end user. + +Mining a cryptocurrency is not too dissimilar from the explanation above. This process is how new ‘blocks’ of information are created or discovered for the blockchain. These blocks are then tied into a value of the cryptocurrency that is being mined (a Bitcoin, for example) and this new bitcoin becomes part of the ledger and records that are associated with all of the pieces of bitcoin available to the world. + +But what is the machine mining? The computers that are mining for cryptocurrency are solving complex math problems. These problems get increasingly more difficult to solve as the cryptocurrency gets older, which helps regulate supply as new coins or tokens are created. But what are the computers solving? For us; they aren’t solving anything of value. The computers aren’t solving specific problems (i.e. a cure for a disease or an equation for automated investing!) but rather just incredibly difficult equations that are designed to make the computer work to get a solution. Although there is a lot more to what the computers are trying to solve in order to unlock a new block, we will leave this definition as is. In a future document, we can cover this in more detail as to what the computers are trying to solve (or in fact, guess). + +As you can imagine, a large amount of computational power is being used to solve these problems in order to release a new coin onto the blockchain. This is one of the areas of concern with cryptocurrency; so much energy use and for what purpose? + +Once the block is solved however, the coin is released to the computer, or team of computers, who solved the hash problem and then that coin is stored in a digital wallet, or sold on a cryptocurrency exchange for profit. + +The above example of mining is what is called “Proof of Work”, but as discussed below, this is not the only way to mine a cryptocurrency. There are three other types (Proof of Stake, Delegated Proof of Stake and Proof of Authority), the most popular are covered below (Proof of Work and Proof of Stake) + +**Proof of Work (PoW)** + +Essentially, proof of work is when a computer or group of computers work together to solve an equation to unlock a new piece of the blockchain. Bitcoin uses proof of work to validate transactions, create new coins and continue to grow as a currency. Proof of work is considered to be a high consumer of energy and has been in the news for some time regarding this. As more miners join the network, the energy use continues to grow. + +When computers solve a complex mathematical equation (or riddle!) this is considered proof of work. “I solved your puzzle, here is my proof!”. + +**Proof of Stake (PoS)** + +Proof of stake is a practice where mining happens not just by solving huge computational problems using powerful computers, but rather where mining or validation takes place based on how many digital coins you hold. The more coins you have to use for mining, the more power you have. Because of this, PoS mining is typically done in pools. Similar to PoW, there is mining and hashing involved, but instead of being able to purchase more and more hardware, drawing more and more energy, users ‘stake’ their own cryptocurrency to mine new blocks. Again, this is typically done in a pool to provide more changes of unlocking the block and therefore receiving a share of the newly created currency. + +PoS is extremely secure. Staking your coins is also practically risk-free with reputable coins and servers as you still maintain full control of your coins in whatever wallet you are using (you can stake coins on an exchange, or even from a wallet stored on your personal computer). Because you would need to increase your share of the cryptocurrency in order to increase your chances of winning the next block, there is a lot less chance of someone trying to manipulate or ‘cheat’ their way to new coins/tokens. If someone were to try and break the system, they would devalue all of their own coins in the process. + +**Mining pools** + +A mining pool is a group of computers who have joined together to increase their computing power and therefore increase their chances of solving a block through hashing. Mining combines the power of all computers, increasing the speed at which the hashes are created in an effort to solve the hash (string of information) to unlock the next block. When successful, the cryptocurrency is distributed throughout all the participants in the mining pool. + +As a single miner it will either be very costly to get enough hardware to put together a system that generates a high enough hash rate (speed) to have a good chance of solving a hash and getting a reward (cryptocurrency payment). This simply means that solo-mining has a low chance of getting any reward. You could try to solve the hash for years without reward. Joining a pool let’s the average user utilize their existing processing power (it’s still recommended to have a good graphics card) and increase the chance of receiving at least something for their efforts. + +**What is “staking”?** + +Staking is a very interesting part of cryptocurrency that helps solve some of the challenges around power consumption through Proof of Work systems. To stake your crypto, you would be holding a Proof of Stake coin and therefore, you could join a staking group to try and unlock the next reward on the blockchain. + +Staking is defined as the act of ‘locking’ up your coins to help validate the network (blockchain) and in turn, keep the network secure. There is little to no risk while staking (no risk when you are using a legitimate coin and software that was downloaded from a reputable site as mentioned before). Although it sounds like you are giving your coin to someone else to use as a proof of stake, you maintain full control of your coins during this process. That said, if you use an online wallet, then you are at risk if the exchange site has a data breach. With many coins however, you can stake directly from the wallet on your personal computer. + +When we discussed Proof of Work, the chances of solving or unlocking the next block were increased by the sheer amount of processing power you were dedicating to solving the hash. In Proof of Stake, the blockchain assigns a particular coin the ability to unlock the next hash. The person with the correct coin gets to unlock the reward. The more coins you have staked, the greater your chances of being selected. So, joining a staking pool is the best way to increase your chances of winning. + +Have you ever played the lottery? A number will be chosen to win the lottery at each drawing. If you have one ticket, you have a low chance of holding the correct numbers. If you have 1000 tickets, you have a better chance. This is the same as staking your coins and trying to win the right to unlock the next reward. + +**\*Smart Contracts** + +Smart contracts are a very interesting part of cryptocurrency’s development over time. They have been available at least back to the early days of Bitcoin, but they have been more popular (or simply discussed more) in recent years. A smart contract is an agreement between two parties to do a particular thing when conditions are met. In basic computer speak it’s like saying “if this happens, then you need to do that”. + +One basic (and very useful) function of a smart contract is that they are immutable. This basically means that they can not be changed. If you enter an agreement with someone with a particular arrangement, it is not subject to change. You will get what you agreed upon. + +One basic (and very practical) example of a smart contract would be a retail transaction. If someone agrees to purchase a product from you, a smart contract can be set in place to pay the seller upon receipt of the product. Another example would be if you had agreed to pay someone $500 / week for work complete, you could have a smart contract set to pay the employee at a specific interval of time. + +**How many cryptocurrencies are there?** + +There are thousands of cryptocurrencies in existence. One count in early 2021 put that number at over 5,000. This is one thing to remember while looking at the different currencies and thinking about which ones you might want to purchase, or research. You can research the different coins on popular sites with \[reddit\] , or you can find a listing of the top currencies at \[coinmarketcap\] + +**How do I know the price at any given time?** + +For general information, you can use a site like \[coinmarketcap\] to see the most popular and most valuable cryptocurrencies. You will be able to see prices for all coins listed here. One thing to remember is that you may not be able to actually purchase all of the coins listed here. It would be important to remember to check your cryptocurrency exchange of choice to figure out which coins are available to you, and how much they are at any given time. For example, if you were to use \[binance\] as your exchange, then you would be able to purchase any of the coins listed on the site, and therefore you would be able to find the most recent prices on the market listing or trade execution screen. + +**How do I sell cryptocurrency?** + +This will depend on where you have signed up for your cryptocurrency exchange. Typically it’s as easy as logging in, finding your wallet or holdings and then executing a sell order. You should keep in mind that depending on where you live, you may be subject to income tax, capital gains tax or other legislation around cryptocurrency. + +**What is DeFi?** + +DeFi is a term that you will hear a lot about during research for cryptocurrencies. It simply stands for Decentralized Finance and covers a wide range of ways to invest in coins. Being decentralized, it simply means that a number of entities will hold the information about the transactions at hand which gives no one person or corporation control of the transactions. + +DeFi can be used in a wide variety of applications, such as loans. Through different exchange servers, you can take out loans of cryptocurrency, or even put your own crypto into the server to be loaned out and make some interest on your funds. DeFi can also set the platform for sports betting (using smart contracts). For example; if you wanted to bet on a hockey game it could be as simple as if team XYZ beats team ABC, then payout at the following rate. + +**Is cryptocurrency legal?** + +For the most part, yes. However, you will need to check with your local and national government for clarity around the rules and regulations for your specific country. In most places, cryptocurrency is completely legal and subject to taxes. However, new rules and regulations do come about frequently due to the infant nature of cryptocurrency (it’s not ***that*** old compared to traditional money). + +**Why is blockchain considered a transparent record of sales?** + +Because you can see all of the transactions back to the beginning of the blockchain, then you can actually follow coins with relative certainty in many cases. With all of the miners, owners of digital wallets, stakers, etc. being on the blockchain to validate every single transaction (including transactions before the wallet joined the network, for example) then you can not modify a transaction in the past. + +Imagine a government running on blockchain. You know that $1,000,000 was allocated to a project and it was then associated with wallet XYZ. You could follow all transactions associated with that wallet, and see where those transactions were sent to. You know that part of the project was tendering a bid to companies in the local market for refurnishing an office but where did that money go? With blockchain, you can see where it landed, how much was spent at that time and if something looks ‘off’ or a mystery charge shows up, then the proper people can be held accountable. + +Not everyone would necessarily know where the money went (the address isn’t typically plain english), but someone on the oversight committee (for example) would be able to follow the transactions and quickly hold people accountable if needed. Potentially; not more $50,000 toilet bowls being installed in an office just to use up some funds. + +**\*Gas Fees** + +Something that you will start to see as you begin to research cryptocurrency and explore different forums on the internet, watch different investors online, etc. will be “Gas Fees”. This term gets thrown around a lot as if everyone knows what it means immediately; which is impossible for a new investor in crypto. + +Gas fees are specifically part of the Ethereum network and are a fee that is associated with the work that is required (computational power) to validate a transaction. This is paid to the computer/computer pool who is working hard on the network to validate the work done on the Ethereum network. + +**\*How is a new cryptocurrency created?** + +Before we start this portion; I am not advising anyone to start their own cryptocurrency. Rather, provide some basic answers to what really goes into creating a cryptocurrency and to provide some clarity in the differences of the two main types of currencies (coins and tokens). So far, I’ve only used the word token, but there is a distinct difference between a coin and a token that can be explained easily. + +So, if you were following the creation of a cryptocurrency, a new coin would be built on a new and distinct blockchain (such as Bitcoin or Etherum were created) and a token would be built to use that same blockchain to validate their own transactions (such as Litecoin or Dogecoin, for example). In many cases, these new tokens are designed to enhance the original blockchain technology, but sometimes they’re just designed as an alternate coin that exists distinctly from the other, but with no real enhancements or long term technology planned to support future development. + +The main point of this explanation is to provide some caution about getting into the next big coin. You can create your own cryptocurrency in minutes just by copying to code from an existing coin. On the plus side, you get a lot of security features and benefits (all the original benefits from the coin, including even Bitcoin), but on the downside, there’s no reason to purchase or use a coin that has no new features or enhancements. To get a new cryptocurrency to grow and be properly promoted, you need extensive programming knowledge to ensure you can develop and add to the features already in existence - otherwise, what’s the point of the new currency? With this in mind, you must do some research into a coin before adding it to your portfolio or collection. + +To create a token, you will utilize the blockchain of an existing cryptocurrency (such as Ethereum) and you will benefit from the development team that is already in existence. You wouldn’t need as much programming experience or know-how. + +**dApps** + +A dApp or Decentralised Application is an application that is developed on top of a decentralised platform. You know how there are iOS developers that are trained in specific languages and frameworks so they can develop apps for the iPhone? Or Android developers trained to develop apps for the Google Play Store? Well just like that, we have dApp developers who create applications for a decentralised platform like Ethereum. + +The front end of a dApp (the bit that you, the user, interacts with) can be on a website, in a mobile app, or any other system that can interact with the backend. The backend (what's 'under the hood' so to speak) runs on the decentralised platform of choice (like Ethereum) and the records are stored on the blockchain itself. + +You might think that it's simply a matter of platform - like choosing to develop for an Apple iPhone or a Google Pixel. But it actually goes beyond that. dApps are often open-source, meaning developers from around the world can contribute. This means more ideas, quicker fixes, better testing - and an all-round higher quality app. It also improves security because dApps come with the security benefits of the blockchain baked in. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Links have been removed as per auto-moderator for subreddit. +Wasn't sure if I should post this, figured I'd go for it. Decided to sell off my Cardano holdings + gains this past year to pay for Christmas. I'm a single-income household with an 18-month old, so making ends meet isn't the easiest. My wife and I were DINK's for 10+ years, so we've always put the future & ourselves first. It's been rough since our daughter was born and we wanted to provide an awesome Christmas for her this year, and selling our holdings was the only way. + +I guess if there's something to "learn" here, is that regardless of how much we love the gains & holding through the storm, don't forget about your loved ones & the memories you could make with what you already have. It's not always about the long game. + +EDIT: Thank you all for the responses, from all angles. We have plenty in savings / investments / assets for the future, cashing out our crypto stake just made the most sense out of all options... so no, we didn't go from "10+ year DINKs to broke in 18 months". We also understand an 18 month old wont remember this Christmas... obviously. We just wanted to continue a happy foundation vs trying to scrape by the holidays with what we DO have. Once again, thank you all for the different perspectives. +Hi all + +My TV license is up for renewal at the start of September however we are moving on the 25th of sept. + +I’ve cancelled the DD and contacted them to say I’m cancelling and they are saying I need to keep it in place until I move and then request a refund. + +Sorry I know how stupid this sounds but I’ve already looked at how silly it looks to get a refund so can I cancel and just tell them I’ll disconnect my box? We’re happy to use Netflix and Amazon to in the meantime’s it 4 bloody weeks. Seems like a money grabbing fiasco. I’m moving into family residence so don’t need one at all. + +Many Thanks +With the UK having left the EU at the end of January, we will in due course no longer be able to operate in the UK with our European banking licence. Therefore, we are writing to share the news that we will be leaving the UK and closing all accounts. + +We are sorry to be leaving and we understand this will be disappointing for our customers. + +We’ve planned the next steps carefully to ensure this process is as smooth as possible for you. + +**What will happen next?**We will close your account on **15 April 2020**, in line with our [terms and conditions](https://docs.n26.com/legal/09+UK/01+Account/en/01account-terms-and-conditions-uk-en.pdf) and you will shortly receive a formal termination notice. + +If you have money in your account, please consider transferring it to an alternative bank account. + +In the meantime, all account and app functionality will continue to work, so you can still spend or withdraw the money in your account. Your money will continue to be protected [up to the equivalent of €100,000](https://n26.com/en-gb/security). + +We have prepared a list of FAQs which you can find [here](https://support.n26.com/en-gb/getting-started/account/my-account) in order to answer any questions you might have. We will continue to keep this updated, and will be in regular contact to support you through this process. + +On behalf of the entire N26 team, I would like to thank you for the support you’ve given us since we launched in the UK. We have been proud to have you as a customer. + +Kind regards,Will SorbyGeneral Manager UK, N26 + +Updated to fix links +I'm thinking this since not too long ago they made it difficult for customers to close out their accounts and leave. They locked them in, knowing that potentially once the DOJ inquest arrived most, if not all, their customers would flee the sinking ship. If customers fled Shitadel wouldn't have the assets / capital to prevent destruction via margin call. + +Now the question is who tipped them off, and how will they be healed accountable? + +ETA: [Reddit thread about Shitadel changing withdraw terms in November](https://www.reddit.com/r/Superstonk/comments/rabfs7/citadel_set_new_withdrawal_terms_for_clients_wut/). +So after tax, insurance and 401k my take home potion of my pay is $825. I graduated like 6 months ago and started my job in April. I had to take a loan 30,000 during Covid (for college but I found a job after awhile and started making loan payments) and I have about 16,000 left to pay. My goal is to pay it off before 2024. I do have like 2k in credit card debt. So my expenses are : +Rent :$1525(NYC 😖 I honestly don’t think it’s possible to find a cheaper place than this. Last week my next door apartment(same floor plan) got rented out for $2300… my building is rent control and I have been living here for awhile ) +Phone+home internet:$120 +Con Ed: $80 (sometimes less) +Grocery: $500 +Eat out:$200(some months less and some months more 😑😑) +Loan: $550 +Hulu: $14 +Savings : $200 +Credit card :$200( when I have like 1000 saved up I put it towards the loan) +Transportation:$50( work from home and mostly bf drives me to places) +Savings for mom: $100 ( she doesn’t have insurance and I wanna be able to help if anything) + +How can I adjust my budget and not feel broke… I know I just finished college and started working full time… +I shop at Trader Joe’s.. I feel like their food has a good quality and less pricey. I have a very sensitive stomach and even a bad food smell makes me sick for days…. I learned that it’s cheaper to eat quality stuff than paying the emergency bill lol + +How do you guys stay in budget.. it’s supper easy to lose track…. And any suggestions on where to grocery shop? Whenever I look at my grocery bills I feel like I eat too much… but I like food!!! Luckily I don’t have to buy clothes and stuff for work because we are still working from home but I still wanna buy stuff sometimes and I feel guilty and horrible every time I get something 😓😓 +I am glad to announce that more than 200 e-students have enrolled in this online effort to learn more about Financial Markets. We are boasting a wide range of nationalities, age groups, as well as varying professional backgrounds. + +For future weeks, I hope to have the weekly discussion thread live by Sunday. This week was somewhat delayed by the vast amount of replies. + +You are free to decide to which extent you participate. For your convenience, I have listed the study material in order of importance. Further, [you can find a manual here](https://drive.google.com/file/d/0B5v8ErcJC21McVFJLVlrMmRpZUE/view?usp=sharing) featuring a course outline, background material, and some questions. I will update this on a weekly basis if there is enough interest for it! + +###Study materials for this week. +* Watch | [YouTube lecture: Week 1 - Introduction and what this course will do for you and your purposes](https://www.youtube.com/watch?v=WQui_3Hpmmc) +* Read | Chapter 1 and 2 of Foundations of Financial Markets +* Read | [The Gospel of Wealth](https://archive.org/details/cu31924001214539) (p. 1-46). +* Read | Introduction and preface of Finance and the Good Society + +###Study materials for this course. +* Frank J. Fabozzi et al., Foundations of Financial Markets and Institutions (Prentice Hall 2010, 4th edn). +* Robert J. Shiller, Finance and the Good Society (Princeton University Press 2012). + +Shiller's book happens to be available at a [discounted rate of $14.97](http://press.princeton.edu/titles/9652.html) at this very moment. + +###What can YOU do to make this course better? +That is up for you to decide. Whether you decide to send in that relevant news article, create a live YouTube discussion channel, or host an AMA on Reddit - your contributions are valued, regardless of their nature. You collectively bring in years of experience. Whether you are a student or business veteran - there is always much to be learned from one another. Especially given the diversity of our group. + +For requests, contributions, or anything related to the course - send an e-mail to **yoc.reddit [at] gmail.com** or send a PM to /u/indefinitely_not. + +###Disclaimer +I've said it before - please be aware that I am not in any way affiliated to Yale/Yale Open Courses. I do not receive any remuneration for my efforts, not do I intent to commercialize upon the materials generously provided for by Yale/Yale Open Courses. + +Good luck with your study efforts. I look forward to hosting this semester with you all! +As I get closer to fire I ponder if I should be consulting a financial / wealth professional to spot check my FIRE progress. There are some strategizing I believe benefits us earlier on such as optimizing for Roth vs Traditional, planning Roth conversion, figuring out how frequently and when to rebalance stocks and etfs to minimize tax impact, enrolling in certain insurances while the premium is still reasonable, etc. + +I think many wealth advisor kind of expects you to work with them long term, often via an AUM fee structure. Are there wealth / financial advisor that can perform a spot check without long term commitment? If so what’s a reasonable fee to pay for such a service? What do you guys think about spot checking in general? +So you want to begin buying stocks? I’m 33 years old, and begin investing during college (more than 10 years ago). I’ve learned a ton, and built a substantial portfolio over the 13ish years since I began. I’ve also done a lot of dumb stuff over the years, and learned a lot of expensive lessons. To me, this is the roadmap to begin investing. + + + +***Step 1) Be sure you’re financially ready to begin investing.*** +In my view, building an investment portfolio is like framing a house. This is an incredibly important step in your financial security, but needs to be done after you’ve laid the foundation. I highly recommend Dave Ramsey’s baby steps (I consider my stock account baby step 4). Read this and watch his youtube. Bonus points if you can answer callers questions before Dave does on his radio show. Another great resource is /r/financialindependence . your stock portfolio should not be money you need in the next 5 years, preferably 20 years. Put it in there, and don’t take it out. + + +***Step 2) understand your goals the first year (Year 0-1)*** +In the first year of investing you have three main goals. + + +• **Don’t chicken out.** Pulling the trigger is the hardest part. You make your first buy then you open your account 30 times the same day to see how it’s performing. You’re probably doing this not because you’re afraid of losing money, but you’re afraid of failure or looking stupid. You might tell yourself, if I learn to do research I can increase my chances of being right. This is dumb. The most important thing is to start the trip. Think to yourself, if you need to travel across the country by road and your options are to take the minivan you have now, or wait 3 days until you can get a sports car. Which is a smarter move? Get your ass in the minivan. + +• **Don’t commit a financial blunder.** For any of you who play any competitive video game with a ladder you know there is a commonality across all of them. To climb out of the bottom 50% of any ladder, all you have to do is not commit blunders. You don’t have to do anything fancy, you don’t have to be flashy, just don’t fuck up. This is 100% true in the stock market as well. This means you don’t have to do any financial analysis your first year. Keep everything as simple as you can to start. There is still plenty to learn from investing in an ETF the first year, and the third bullet will take enormous amounts of energy. + +• **Learn to manage your emotions.** The first year is an emotional whirlwind no matter how much you’re investing. Your primary goal above everything else is to learn to act calmly. If you check your account value every day, you’re training your brain to inject dopamine every time your account goes up. This is really, really bad. You’re going to have a bad day in the market, and your brain doesn’t get the dopamine hit that It’s used to. This leads to panic selling and grief. If you learn this skill early, I’m 100% convinced your set for life. The rest is easy. +The other part of this bullet is Reddit is the Instagram of stock market gains. People only post what they want you to see. Only the best get upvoted. This gives us a warped sense of reality, and what our expectations should be in investing. Don’t get caught in the hype. Don’t YOLO. + +***Step 3) what do I do after that? (Year 2-5)*** +Holy shit, if you make it here, the fun begins. If you can master your emotions you can then begin to nurture this hobby. Continue regular contributions to your account. Once it’s in the stock account, don’t think of it as spending money anymore, it’s now investment money. Find elements of the stock market that interest you and learn more about it. + +If I were to give one thing that you should begin learning now and have down cold it would be “What changes a stock’s price and how does that relate to the value of a company?” + +-understand what market capitalization is, an how it relates to a stock price. What financial tricks can a company play, and how will that affect the stock price, but not the market cap? To me, this is critical to understand. + +-be able to know the rough market cap if any major public company you come in contact with on a regular basis. + +-Time value of money. You don’t need to know the math, just the concept. How this relates to opportunity cost. + +-understand how earnings and earnings calls actually affect stock price. You don’t need to actually monitor these, but just understand how earnings and earnings expectations relate. + +Once you get that down you’ll find other areas of stocks/ finance that interest you. Do you like to do financial analysis? Learn that. Do you like to think big picture? Invest your time there. + +***Become an investor, not a trader. Investors are “good business collectors”.*** + +As you contribute more money into your account, begin picking up individual companies. Your contributions should be retentively small compared to your overall portfolio. If it’s not, then contribute more to your ETF. For the next 5 years, commit to having no more than ½ of your portfolio in individual companies. This will mitigate risk, and allow you to learn about individual companies and how to look at them. My suggested method for finding your first few individual companies are “What industries are coming in the 3-5 years, and what companies are the best positioned to be there”. Only do that for industries you understand (unless you’re a doctor don’t mess with bio-tech). Some of the meme stocks, are actually great for small individual stock pickups in this stage. Don’t invest in penny stocks (or anything with a market cap under $2B) until you know what you’re doing. I’ve lost way more money in shit like this than anything. Also, don’t fall for value traps (moderate or shitty companies selling for a deep discount). It might work every once in awhile, but that’s not our game. +