diff --git "a/reddit_finance_43_250k_404.txt" "b/reddit_finance_43_250k_404.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_404.txt" @@ -0,0 +1,10000 @@ +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +https://www.cnbc.com/2019/04/09/bank-of-america-is-raising-its-minimum-wage-for-employees-to-20-an-hour.html + +"If you get a job at Bank of America, you’ll make $41,000,” Chairman and CEO Brian Moynihan says. + +Effective on May 1, the minimum wage will be raised to $17 and will go higher in increments for the next two years, according to the company. +So I've been working for one company since graduating college (4.5 years). I'm an engineer and I just earned my Professional Engineering license (a somewhat prestigious designation). + +I receive stellar reviews but for some reason my pay had never really matched my responsibilities as I moved up. I honestly feel my boss didn't like me because I'm not your typical design engineer (I am a very social confident person). I started at 57k and have been promoted twice (most recently without a pay increase). My current salary is 67k. A new hire level I engineer makes 65k. This has me fuming. + +I recently had my annual review, received stellar reviews, and my boss admitted I'm underpaid and "I don't know how this happened". We will revisit your pay in April when we do pay pay raises. I had done my research, and a city engineer with my experience makes 77k, and I work for a private company often working 60-70 hours a week. So, 77k would be the low number. My company is stingy with raises and I knew they wouldn't give me a raise of 15% at once. They have a philosophy of hiring new grads, working you to death, then letting you go when you get a new job and repeating the cycle; despite the fact it screws over the other engineers who have to pick up the slack. Anyways I tell my manager that I know they won't give me the double digit percentage raise, so they need to give me one now, and then in April to put me around 77k. Manager agrees to talk with the director of engineering immediately after our review. The whole thing was professional and friendly. +The next day I was called into my managers office, my manager has a very different tone, very defensive and aggressive. "Here's what we are going to do, we will give you a 5-6% raise in April and you can do what you want with that information" I replied, well I'm disappointed to hear that but thank you for your efforts, got up and walked out. I knew at that point I would be moving on. +Start putting out my resumes immediately, the work I did is unique and my resume is pretty impressive for a 4.5 year career. I couldn't believe how fast I got responses, almost anything I applied for I received an interview offer. Took a few days off last week and this entire week. Had interviews with three companies, one had a soft offer of 105k. Holy shit that's awesome. Had my third and final interview with another company and they asked if I had any other offers. I said yes, and said 110k, hoping they would give me 110k. Got the offer in writing at 120k! Dude this changes my life. + +I do have roughly 35k in federal student loans paying the income based repayment plan. No credit card debt, and 6k left on a low interest (4.5%) car loan. I have about 8k in savings. I have a credit rating around 740-760 depending on scoring system. + +Not necessarily here for advice just so pumped I had to share but any advice is appreciated. I do want to propose to my gf soon and we would like to buy a house in the next year or two. Anyways happy New Years reddit, remember you don't know what you're worth until you shop around! +Background: I'm a nurse, 35$ base pay, shift differential for nights and weekends. Overtime is time and a half. I also make bonuses every shift (I was told they weren't taxed but I am unsure how to figure that out). I live and work in Philadelphia, PA. + +Recently I worked a lot of overtime: 28 hours. I am supposed to make 2240 in bonuses. This is on top of my regular 80 hours in a pay period with my 10$ shift differential. + +I was told by several coworkers that if you work too much overtime in a pay period, it puts you into the next tax bracket on your check, so you get taxed an ungodly amount that makes the overtime not worth it. They say it makes your check damn near the regular amount even though you put in all the extra time. + +Is this true? Can anyone explain this to me? I'm now concerned that my next check is going to suck despite the extra work. + + +Edit: Thank you guys so much I feel a lot better now! I do have a follow up question for you.. what are the tax brackets? How do I know what they are so I don't cross the boundary into the next bracket on my checks? And how much more is the tax rate? +I am currently sitting on 2.998M. I expect I will be close to 3.2 after my spreads expire. I sold some stock after hours yesterday just incase we plummeted today. That move cost me about 75K but it was a hedge in case warrants dropped. Debit spreads are the way. + +https://preview.redd.it/npqdqikrszg51.jpg?width=806&format=pjpg&auto=webp&s=6e7ab8b792b6a7e1caa374088820fefd78ddf5ea + +&#x200B; + +&#x200B; + +https://preview.redd.it/t0qt4ycdp0h51.jpg?width=1221&format=pjpg&auto=webp&s=d4673aa1bcefe5a34d054420239754841af89e54 +I’m not considering this wonder what the community thinks. Please entertain my stupid question :) + +Edit: I love this community. You guys are so active and helpful. I’ve learned a lot in the past few days on this sub. Thank you ❤️ +I've seen various responses to this question so hopefully someone can clear this up. Will use theoretical example to make things easier: + +Let's say in 2022 you have **$100k in realized losses** and another **$50k of unrealized losses.** + +In 2023 let's say you make $150k of realized gains. + +The question is whether it makes a difference on 2023 taxes to realize the additional $50k losses in 2022, or save them for 2023. Can you carry forward the full $150k of realized losses into 2023 to offset all your gains, or should you have "save" the $50k of losers and sell them in 2023 only? + +Thanks and please only comment if you are confident in the answer. I basically have a few more losers that I have not sold yet and not sure if it makes a difference. This is for U.S. tax purposes. +Say ETH gets up to or surpasses bitcoin's marketcap. Could ETH ever get to bitcoins all time high price even though there will be more ETH than bitcoin's eventual 21 mil cap? Obviously no one really knows right, but I'm just wondering, given that ETH is not as scarce as BTC if it could ever get to that level. +Hey guys, just saw us hit $292 on GDAX. I'm a long term holder, not planning on selling. I know there's a lot of fud flying around right now, this feel similar to the dip we hit right before $200. + +TA folks and Veterans, it's really hard for me to see $500 this month at this rate. What do you guys think? + +Remember to be nice to new people btw, I've seen some folks in here getting a bit pompous as of late. + +Love you guys. + + +How come nobody has posted this one yet? Let's do it, I will leave it up to you first and post my own price prediction later in the comments. + +Where do you expect the USD price of Ether to be on Dec 31st, 2018? + +GO! + +I've been interested in cryptocurrencies for a long time. Though relatively new. I enjoy reading posts and articles about the advancements of bitcoin and ethereum. I've also dabbled, as a beginner with coinbase and their little exchange gdax. I'm not at all educated with trends or trading. But I believe that btc and ether looks like a very good (and strong) prospect for the future of currency. + +My question is; well I have a sum set aside. A safety net if you will. That I don't have any plans for. (For reference let's say, if I was out of work for 6 months or so. It would hold me.) Should I make the investment' so to speak, and put it all into ether? I would love a btc like spike and if so that'd be greatly amazing. But I also know it may take a few months or years. But hey, it's not going to lose value right? If so marginal. I've been a long time lurker. But have been pushed that "This is the year for crypto!" And there are so many good news and such not just in the crypto sphere but in general media speculating and talking about cryptocurrencies. It wouldn't hurt to go all in right? Worst case, if I do need it. I can just pull out. + +Also, I have it on coinbase and on the exchange (gdax) currently. Would it really be best to by one of those fancy cold storages everyones using? Isn't their a fee to transfer from walllet to wallet? I'm no one fancy. I don't mine or really mingle. Though I did just download the metamask extension! (The etherplay thing, brought me in (Was easier than I thought setting it up!) I'm just a advocater for eth and btc. Any suggestions in what I could do to dabble and learn more about the system/markets? + +Just kind of rambling and putting my thoughts out there. Thanks for reading, and the help in advance :) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Hello, ethtrader. I've just gotten into bitcoin in mid February. I've learned a great deal in the past couple months, still a hell of a long way to go. My question for you; does it seem like a smart investment to sell a bitcoin and buy 20 ether? It seems like with all the news about April coming up and bitcoin having a lot of issues with BU/segwit+LN the price has stagnated. I feel like the potential for a large return is possible with ether at this stage. Even if bitcoin sky rockets to 1300 that's 350 dollars for 1 coin in profit ive made since February. If i bought 20 coins on a gamble and say price jumped to 100 to 150 dollars, doesn't seem impossible, i would double or triple my investment. This seems too good to be true and i know absolutely nothing about ethereum whatsoever. I've wanted to buy the same time I got into bitcoin but sadly coinbase only just started allowing ether in New York. If you don't want to give investment advice i fully understand, maybe you could just give me some highlights of why ether would or wouldn't be a good investment for anyone. There's just so much to learn about crypto and 2 months isnt enough time to understand all of it. Thank you for your time! +Hi guys. I know I won't receive definite answer, this is just post for a conversation. We all know this situation is insane. Record number of people without jobs, businesses stuggle, who knows when we will be able to travel internationally, almost everyone on the planet got involved in this COVID-19 disaster, many businesses and people will bankrupt sooner or later and yet, the market is going crazy. Biggest increase in stocks in decades in last week. Tesla went yesterday up by 13%. It's up like nothing has happened, like 80% of the things got repaired and only great days are ahead and we are ready to get back to normal. + +My brain literally hurts from this. I know that INSANE amount of money were injected by the FED and central banks from all over the world, but that's gotta show somewhere. That's gotta impact the economics world somehow (at least in long run). Then you take a look at US, people without jobs, tents of homeless people all around LA, their health system (at least for me) is absolute joke and trillions of dollars will make unpleasant things dissapear and it's basically just **win-win-win** situation? Who still believe this BS? + +I know, by some time everything will go back to normal. As everyone panicked way too much on the stock market one month ago, now I think people are way too comfortable with the growth, they do not realize the impact of coronavirus that will take place even months from now... + +Maybe I'm crazy, but seeing all of this, I don't believe US market at all. It's pumped like crazy, people ignore obvious trouble just because of huge amount of helicopter money. I still think, we are in bear market (today, S&P 500 is at 2761 - so if you find this in the future, you can laugh on my expense). + +If you agree with some of my points, where do you invest? What does make sense? On what literature I should focus? I really do think world is changing and definitely would love to find more ideas about it (even critique of my opinions are 100% welcomed!) + +**What do you think about this situation on the market?** + +Thank you for your time. +Hey Thetagang fam, + +Lets say the price of TSLA is expected to stay within a certain range. + +Why do people do an IC when they can use the same Capital for 2x Bull Put on (lets say TSLA). + +Both have defined risk/rewards, but IC limits the profit in the event where the underlying breaks the upper limit. + +Furthermore, an IC is essentially 2x Credit spreads, which exposes you to a higher risk of pinrisk on both no? + +TLDR: So why not just do a 2x Trade of Credit spread instead of opting for a Condor? +First off, I do love selling csps and there is plenty of money to be made from them. + +That said, I've had a few instances where a stock I was I'm tanked and I very much regretted selling them. The worst one was pltr. I had 40x 20p open during the crash down to 16. Watching the lossesmount was frustrating, but what was way worse...was realizing that if I was assigned the 4k shares, I couldn't really buy the dip in the stock. These csps were never assigned, and expired when the stock was back in the mid 20s. + +People typically say the worst part of selling csps is getting assigned and the stock dropping past breakeven, but being locked during an incredible buying op can be just as bad. + +Sitting waiting for a haircut and thought I would share. I had not really considered the above when opening those positions and in the future, I will be using put credit spreads if I'm going to go I to such a large position such as this one + + +Edit: to be clear, I wasn't overleveraged. I could have purchased more but it would have been poor risk management to add to my existing shares knowing I would likely be assigned another 4k shares. +So here I am a perma TSLA bear^1 who finally got the guts to sell bear credit spreads on TSLA on the latest run up. I have been rolling up a couple of times as each time I have told myself, it definitely can't go much higher, just to get burned every time. + + +But here I am, looking forward to Monday after Elon's tweet and thinking that maybe this is my out, that this time I will not need to roll and make the spread bigger to get some credit. + + +So given that someone has to be on the other side of the trade of the "It work until it doesn't" rule, can we infer **"It doesn't work until it does"** is the corollary ? + + +(1) Not so much anymore after the last earnings report. +I had 1000 shares of amc at an average cost of $22. I sold 10 $19.50 CCs for $7 each. Friday 4/1 my shares were called away. Today I purchased 1000 shares for $18… Fidelity has notified me that this is a wash sale. + +What should I do? I guess I didn’t consider that this was a “loss” because I made money 🥴 +I am trying to understand if there is an edge with futures. + +I see you can do future spreads for example. But the return is rather small, but with the leverage that may make sense? Or a cheaper exposure for an index. Which could enable a theta play at a cheaper price maybe? (With mix of options / future, or even future options, gasp, I said it). + +&#x200B; + +Anything to share In that regards? +I'm new to options, theta gang and still learning the wheel. + +I can see that a lot of people avoid selling weekly puts, but don't really understand why. Can someone please explain? + +Seems to me seeing the market due to high volatility, I can get decent premiums selling weeklies as part of the wheel. Am I missing something? +I sold 16x F March 25 $16.5 last week. Currently, they are ITM $0.17 or so (they are also -$2.75 under my Average share price). + +I still have a week left and it's quite possible the stock lowers and I get some theta gain over the weekend. It's also possible F goes up another 1-2 strikes (who knows). + +Question: + +1. Would you guys take the L early and BTC the options today? Would net me about a -$350 debit or so currently. + +Or + +2) Roll the dice over the weekend and see what Monday/Tues brings, hoping to close out on a red day for cheaper, knowing I have 7 days still to exp? +I’m currently looking at putting a 3-fund portfolio together (ETF’s) and came across this article (about 6 months old). Michael Burry who predicted the GFC, explains how the vast majority of stocks trade with very low volume, but through indexing, hundreds of billions of dollars are tied to these stocks and will be near on impossible to unwind the derivatives and buy/sell strategies used by managers. He says this is fundamentally the same concept as what caused the GFC. (Read the article for better explanation). + +Index funds and ETF’s are seen as a smart passive money, let it grow for 30 years and don’t touch it. With the current high price of stocks/ETF’s and Michael’s assessment, does this still apply? I’m interested to hear peoples opinion on this especially going forward in putting a portfolio together. + +https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos +As someone who’s got a target networth of 10-15M now. I’ve hit 7 figures all on my own, without networking just working for myself. All my friends/surrounding is all poor/working class. I have maybe 1-2 good friends who have good jobs ie doctor. + +People always say your network is your networth. The people around me don’t have my mindset and are friends from school days, I have really outgrown them. + +However, a lot of people make it out like networking and having lots of connections helps get shit done and helps you build wealth faster ect… + +How important is it to have a network of other high earning individuals ? How do I go about doing so? +Has anyone looked at borrowing against portfolio to fund lifestyle thereby managing capital gains? I presume one would need a substantial portfolio however with interest rates so low, it could be a viable approach. +Just read about “rota” nannies for the first time. According to my quick Google, it is essentially when you have two nannies working (or available) 24/7 for alternating 1-2 week chunks. Then they’re on vacation during the off weeks (resulting in being off half the time). (There may be a different US term for this — a lot of the sites I was using to read up on this were European or British). + +I’ve always kind of wondered how famous actors, etc do childcare with their jetsetting schedules (and sometimes single-parent-households) and I feel like this must be it? + +I don’t think this would be a great fit for my family right now for a number of reasons (mainly because we currently need only ~35 hours a week of childcare and have a solid home base), but I could see maybe utilizing it if we did a long travel year or two (perhaps 4 weeks on, 4 weeks off with paid trips home) or spent summers in a remote area where it would be easier to get someone to come out for a full 2 weeks at a time. It frankly seems much more pleasant (if I were the nanny) to be employed with this schedule rather than being asked to leave home on a long, extended trip. + +If you’ve done this, or have seen friends do it, what was the motivation? What was the schedule? +Hi all, + +Throwaway for very, very obvious reasons. + +For background, I'm 22, male, white, go to a highly ranked state school, study computer science and statistics, will be working at a large multinational bank as a Data Scientist once I graduate, and I was just recently diagnosed as being on the Autism spectrum, but more accurately as having Aspergers. + +Beside the possibly-on-the-spectrum Silicon Valley startup legends, I realized I haven't ever really heard / know of people on the spectrum who have done incredibly well for themselves. + +My questions to the spectrum-identifying /r/FatFIRE community are what has your career progression looked like over the years? What challenges did you face in particular? Did you find that your condition was more of a blessing/curse/non-issue? Any ideas/philosophies/books/approaches/heuristics/etc that you found useful in your journey? + +Thanks in advance! +Does anyone have any suggestions or experiences with small kids (ours are 2&4 right now). I'd love if there were a resort with a great kids club, where they really feel like they're on vacation as well (not just being babysat)-- and my wife & I can enjoy the vacation as well. Right now every "vacation" just feels like a bit of a chore. + + +Sitting atop a cash pile of over $100 billion dollars, Warren Buffet is often asked why Berkshire Hathaway does not pay a dividend. The standard answer for the past thirty or forty years has been that Berkshire’s cash pile would be better spent on either acquisitions or share buybacks. While there is certainly truth to this statement, there is a bigger reason for the lack of a Berkshire yield. + +Warren Buffett personally owns approximately 250,000 shares of Class A Berkshire stock. Often Buffett has been quoted as saying he has “never sold a share of Berkshire Hathaway.” If this is true, that would indicate that in the process of building up his multi-billion-dollar fortune, Buffett has never paid any income taxes on his Berkshire shares. Assuming Buffett does not, or has not, ever personally sold any Berkshire shares, that would mean he is not only a savvy investor but also the undisputed master of the unrealized gain. + +Warren has often said he draws a yearly salary of $100,000 from Berkshire Hathaway. Assuming his Berkshire salary is accurate and he has little else for additional income coming in, it is likely that Buffett (a multi-billionaire) pays nearly the same amount of income taxes as you or I. A Berkshire dividend would be exceptionally detrimental to Buffett’s income tax bill. A quick calculation to demonstrate: + +(all numbers very approximate for demonstration purposes) + +Number of “A” shares owned by Buffett: 250,000 + +A 5% yield on Berkshire “A” shares for 1 year would yield (for Buffett) approximately: $4,087,500,000 + +A 20% capital gain tax on his dividend would result in a personal tax bill of approximately: $817,500,000 + +With Berkshire paying a 5% yield, not only would Buffett end up with a near $1 billion tax bill, he would also have to find a place to invest nearly $3 billion of his after-tax dividend income (every year). This clearly demonstrates why he prefers share buybacks over dividend payouts. + +Buffett is a multi-billionaire and he certainly did not get there by accident. As a result of (arguably) the greatest (legal) tax avoidance scheme in the history of modern American business, Buffett has painted himself into a corner when it comes to the payment of a Berkshire dividend. Berkshire investors can pretty near be guaranteed Berkshire Hathaway will never pay a divided as long as Buffett is alive and holding his shares. We will, however, very likely see a Berkshire yield upon Buffett’s exit from the business world. +This person has done nothing illegal or immoral unlike his persecutors who wish to silence him at any cost. Is this America? Do we not have guaranteed freedoms by the US Constitution including the First Amendment- Freedom of Speech! The social media platforms used by this individual have not banned this person for rules violations, as there have been none, yet the wealthy elite in the US have decided that they don’t like cats or a stock and therefore this talk must be silenced. Rest assured though, you can’t hide from the internet. We see you, the world sees you. #FreeDFV +I need to buy a new PC..my laptop is currently on its last elbows. The PC would set me back by about £600-800 hopefully on the lower end. + +A little background, we have a savings account that I have primarily contributed to (currently in Marcus earning peanuts). This is to be used to part-finance our first home, and is also our rainy day saving that I constantly put away whenever I have extra (but we will be getting help from my parents for this too). + +My husband thinks we should finance it using his credit card, which has a monthly fee, so borrowing £300 for a year gets charged a fee of £18. + +Generally speaking I'm against borrowing unless it is for a home so I said why would I spend that extra £ when there's money I already have? + +His logic is that he doesn't think we could build the savings back to what it was before in 6 months so he would rather not touch it.. But his idea was to borrow for a whole year, I am sure I can save that amount in a year. I know £18 (or 3x that) is not a significant amount but it is a matter of principle for me not to borrow money with interest where I have no need of it. + +Just need a neutral opinion from the hive mind of UKPF so I can at least begin to see where he's coming from or explain to him better what my thought process is (not great with numbers but I have been raised with an instinct to save/be frugal). +I got Google ad suckered, and am now down a rabbit hole of looking at investing in whisky casks. Partner and I are both fans (he's Scottish so a bit of a single malt purest) and the idea of investing something novel in the long term like this seems pretty cool. Not knowing a lot about this space, wondering if anyone's gone down that path and had successful results? Feel like there must be a lot of hidden costs that isn't terribly up front about and curious how much is risk vs. Easy returns. Thanks! +Hello! If this post violates any rules of this subreddit, feel free to remove it. + +So as the title states I have inherited a piece of property that is 10 acres of wooded area. No structures on the property (maybe a dilapidated home, I'd need to do an exact survey). Eastern side of the country. It's not near any tourist attractions or anything of note. 10 mins away from a Walmart and 15 mins away from a small town. I live about 30-45 mins north of it. + +The oil & gas rights are mine and don't pay out super crazy. Honestly the property tax cost more. + +I'm looking for guidance on what to do with it? Should I just sell it? It's probably not worth much. Could I make any sort of passive income off it? Should I invest or put any type of energy into making anything out of it? I'm not a very outdoors type person. + +I'm pretty lost on what to do with it... Any guidance would be great! + +EDIT: Wow, I'm overwhelmed at the amount of advice. I'd like to clarify that paying the property tax isn't an issue so holding onto the property isn't a big deal for me necessarily. I see a lot of folks talking about hunting leases but I looked up my state leases and they are mostly 50+ acres so I dk about a smaller property like this. + +I'm still looking through the advice and will edit accordingly. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +I'm not usually a top-level poster, but I see a blind spot that is easily manipulated and it would be remiss not to bring attention to it. + +Remember when Gamestop NFT Twitter first came to life? Remember the excitement and the rush to discuss and read and speculate? + +Within two hours, Kenny did an interview where he said a thing he *knew* would get a rise out of so very many of us. And he did. + +The result was that the board was cleared very heavily of anything NFT related and focused directly on him, and his narrative - despite being disagreed with - was the loudest thing in the room for well over 24 hours. + +In the fallout, the second Gamestop NFT Tweet ( https://twitter.com/GameStopNFT/status/1527665595357057027?s=20&t=ZBSwKq-J2J4FAzqprumWDw ) went largely ignored. I think it made it into the top 10 posts on the fp of our subreddit, but no higher than number 7 and not at all to all. + +I suspect this will happen again, and hope we can all be aware of this tactic. The next time Gamestop makes an appreciably exciting announcement, they are likely to say or do much worse to redirect your attention to them and away from Gamestop. + +If we are overwhelmingly talking about them, we are not engaged in Gamestop's paradigm-changing efforts. We are no help. And we are the ones here to help. If we are not buzzing about Gamestop, who is? If we are not helping to usher in the new marketplace and educate others in the new ways, who is? + +I can think of only one other group who is poised and ready to give a first and narrative-setting opinion on the new marketplace, and they do not have Gamestop's best interest at heart. If we are distracted by their intentional drama, who will be the one to set the tone for this? + +I know it's tough, but we're reaching a moment where we must set aside egos and focus intently on the one thing that is *inarguably* our financial future, and likely the financial future for many, many, many more people the world over. + +Kenny does not deserve to have this entire sub dedicated to amplifying his distracting narrative. A post or two is fine, but we need to be acutely, keenly aware that we don't let the baby (Gamestop) go down the drain with the bathwater because we're so incensed by something some financial troglodyte said we can't see straight. + +I'm not asking for action. I'm not asking for anyone to change their mind about how much they hate Ken. I'm simply asking for awareness, and readiness the next time this happens. + +Thanks, peepos. ❤️ +Who has the money and technical infrastructure to pull off a DDOS attack like this? + +Without getting found out? + +Surely not competitors to loopring? It's a small field of knowledge - I have a hard time believing Zkrollup enthusiasts ordering a DDOS against their colleagues who they've probably exchanged ideas with over some obscure cryptotech discord server... + +So I'm thinking outside the immediate zkrollup sphere - is there anyone else on Ethereum for whom it could make sense to sabotage Loopring? I don't know that much but I think it's the same situation as above. + +So is it a different kind of crypto competition altogether? Is another blockchain trying to tip over some of the Ethereum cows? Why bother with Loopring then? Surely there are other more obvious targets in Ethereum...? + +Nah, doesn't really make sense. It's kind of hard to think of someone targetting a huge fucking DDOS on Loopring without making the connection to the enemies of the GameStop NFT Marketplace. + +Please continue discussion below! +The latest video from James Shack blew my mind. He talks about taking an interest only mortgage and using the money you would have paid into the normal mortgage to sacrifice more into your work pension. With a view to using the pension to pay off the mortgage upon retirement (his example was of a 40 year old with 15 years left on his mortgage). This has tax advantages as well as the growth from this money being invested. + +I just never thought of this as an option. Something about the idea makes me uneasy (maybe because I’ve always thought debt = bad). My husband doesn’t even want to talk about it. Any thoughts? + +Note that this is different from “borrowing money to invest” because it has the added tax advantage of pensions, which is significant. +I’m writing this from somewhere sunny enjoying my first trip abroad for a couple of years. Wondering how my fellow UKPFers budget their hols- do you allocate a certain percentage of income for hols for the full year? Mental maximum for a single holiday? Damn the torpedoes and order another margarita, sort your budget out when you’re back? + +Given the last couple of years I’m actually trying to be in the latter camp this time but curious if covid has changed anyone else’s outlook? +I posted in the beginning of October that I had made a budget to try and get a handle on my and SO’s finances but it felt like a mess and I was getting overwhelmed. I got a lot of great advice from the people in this sub. I wanted to post an update so people know their advice had an impact on our situation for which I am so grateful. I also have discovered a whole new set of things I need advice on, so this post will be long. + +I’ll put my main questions at the beginning and a TL;DR at the end so you can skip the extra stuff in the middle if you need. If you want, you can read the original post [here](https://www.reddit.com/r/UKPersonalFinance/comments/q55p0c/trying_to_budget_and_fix_our_mess_feeling/). + +&#x200B; + +**Advice Please** + +1. We need our house insulated. We may be able to get an interest free loan for this. This would reduce our available budget for overpaying loans quite a bit but we would get up to 40% cashback on it as well once the work is complete. Worth it? (We’d spend the cashback on the debt repayments which have interest.) +2. SO’s grandparents have offered us (we didn’t ask) an interest free loan of up to 4K to help us with the insulation. If we get the above loan we won’t need it - if we don’t, we could manage without but might be helpful. We discussed taking it anyway in order to pay off one of our loans, then we can pay them back without interest instead of paying the loan company back. Yes or no? +3. Our remortgage got approved so we will have £15k at the end of the month. Current plan is to use £2k to pay off our overdrafts as they have such high interest. We also urgently need a few things for the house (fridge/freezer, toilet fixed, etc..) and are budgeting £1,000 for that (hoping for less, but just to be safe). We discussed using the rest to either do the home improvements we want and improve the value of the house; or to pay off our debts earlier and then do home improvements piecemeal with the extra disposable income we’d then have. On the fence with both options - any experience/advice on this? +4. Have made a vague plan for paying off debts - advice on if that seems feasible please. Will leave that at the end of the post. + +&#x200B; + +**Update** + +Anyway, here is what has happened since my last post: + +* I got a new job - similar pay to my current job - but WFH and guaranteed 40 hours - more stable and drastically reduced fuel expenses +* Agreed with my current job to work 1 shift per fortnight so I don’t become a total hermit and can use the extra to pay off debt faster +* Also got a low paid but regular freelance writing job for another income boost +* SO negotiated to get a work truck home so we now don’t pay his commuting costs +* Despite an unexpected £300 bill, managed to get to the end of the month with £300 leftover for reducing our overdraft which gave me confidence we can do this - will probably end up needing it to cover the gap between paydays with changing jobs but such is life - and motivation to keep going +* Managed to reduce mobile expenditure, life insurance and house insurance each by a small amount +* Reduced our food spend by £300 despite my nan’s visit during the first week which included extra shopping and more eating out + +&#x200B; + +**Budget** + +Someone suggested reviewing 3 months' expenditure, not just 1. I did that and also tracked our spending throughout October, which turned out to be pretty helpful. On top of getting a clearer picture of how we got so off track (mostly me massively overspending on a trip home, plus my job being unreliable in terms of hours) it highlighted how many things I’d forgotten to include in the initial budget (quarterly and annual bills like mot, oil, extra horse costs during winter, budget for things like replacement furniture/white goods etc) plus other things suggested by people here like clothes and gift budgets. Yeah, I missed out a lot of stuff. + +I feel like I’ve rewritten this budget so many times now because I kept finding things I’d missed. Overall, despite the big reduction in fuel costs the budget ended up being slightly higher than my original attempt but it feels more realistic and thorough so hopefully it will prove to be time well spent. + +I’ll share the budget so that if anyone in a similar situation to me sees this post, they can see the amount of things I had missed in my first attempt and avoid making the same mistakes. Also as hope for anyone who has fallen victim to their ADHD impulse buying like us. + +That said, I am feeling pretty happy with it now so if anyone has suggestions on things I may have missed then please do share, but I will pretty much ignore any of the following suggestions so don’t waste your time; + +* Suggestions of selling my pets - just no +* Getting rid of our entertainment packages etc - discussed with SO and we did get rid of Now TV but everything else is staying +* Getting rid of one of our cars - we’ve already agreed we will in spring but it won’t be before then + +I shouldn’t have to justify this but my pets are my family; I am not selling them. SO and I had a long conversation and he is way more on board to work with me on reducing our debt, but gaming/tv are essentially his only hobby and it wouldn’t be fair to just get rid of all that. We need our more expensive-to-run car for the winter, and our more reliable car for emergencies, but in spring we will sell both and replace them with something that can do both. + +SO wanted to use overtime money for our own spending - I pushed back on this because I really want to get our debts gone and save for things like wedding and holidays, so we negotiated we will keep 25% of any overtime we make for discretionary spending. + +IDK if this is recommended but my intention is to use my bank’s pots feature to set up pots for every category in the budget and have each type of cost come out of that pot. That way it’s hidden where I can’t spend it. I am also planning on putting a small amount extra in each pot to both make it a round number and allow for any unexpected costs (for example to cover a new tyre from the car budget). + +I also know there are probably more things I can do to save money on a lot of these; at this point I’m so overwhelmed and burnt out by how much I have done - it’s worth it, but I don’t think I can do much more for the next few weeks/months at least. + +***Income (after deductions)*** + +Wages + +* OP £1,373.53 +* SO £1,701.23 +* **Total £3,074.76** + +Additional (not counted on for budget as estimated/variable) + +* OP second job £100.00 +* OP freelance job £75.00 +* SO overtime £150.00 +* **Total £325.00** + +**£3,074.76 guaranteed income, £325.00 estimated additional.** + +***Outgoings*** + +Housing + +* Mortgage £418.34 +* Council tax £147.00 +* Overpay £9.66 +* **Total £575.00** + +Utilities + +* Electricity £85.00 +* Phones £100.00 +* Oil £100.00 (overestimated because I am unsure) +* Broadband £30.00 +* Overpay £10.00 +* **Total £325.00** + +Insurances + +* Life insurance £43.79 +* Home insurance £31.89 +* Union fees £29.90 +* Car insurance £86.05 +* Animal insurance £100.00 (overestimated) +* Overpay £8.37 +* **Total £300.00** + +Vehicles + +* Car service plan £13.92 +* Car tax £45.00 +* MOTs £10.00 +* Breakdown cover £22.00 +* Fuel £150.00 +* Overpay £59.08 +* **Total £300.00** + +Food + +* Groceries £250.00 +* Eating out £50.00 +* **Total £300.00** + +Animals + +* Field rent £60.00 +* Farrier £50.00 (£75 every 6-8 weeks) +* Hay £10.00 +* Feed £20.00 +* Horse physio/teeth £10.00 +* Wormers £10.00 +* Rugs/supplies £15.00 +* Gecko food/bedding £10.00 +* Quail food/bedding £15.00 +* Dog food £40.00 +* Dog treats £5.00 +* Dog toys £5.00 +* **Total £250.00** + +Health + +* Chiropractor/physio £70 +* Therapy £90 +* Overpay £40.00 (glasses, unexpected emergencies etc) +* **£200.00** + +Entertainment + +* Amazon prime £7.99 +* Netflix £9.99 +* Spotify £13.99 +* iCloud storage £0.79 +* Playstation subscription £5.00 (£49.99 annually) +* Disney plus £7.99 +* Overpay £4.25 +* **Total £50.00** + +Spending Money + +* OP £60.00 +* SO £60.00 +* Clothing £25.00 +* Gift budget 30.00 +* **Total £175.00** + +Other + +* Furniture/DIY/home improvements £50.00 +* Savings for emergency bills £50.00 +* **Total £100.00** + +**£2,575 total. Leaves us with £499.76.** + +**Remaining money is for paying off debt.** + +Bills + +* Car plan £179.85 +* Loan £160.15 +* Debt collection agency £10.00 +* **Total £350.00** + +**£149.75 remaining for overpaying on things** + +**Debts** + +I spoke to everyone I could think of that I might owe money to outside of the loan and car finance, and made a list of the amounts and any interest. I was actually pleased that I have only about £1,200 of smaller amounts owed; last time I was mentally well enough to check, it was around £3,000 and I was making regular payments until COVID started and I lost my job. + +Current plan is to pay off the two overdrafts as they have high interest, then all the small things since I think I personally will find it easier to manage having a smaller number of debts, then pay off the two loans we have. + +As mentioned further up in the post, we may be able to get an interest free loan for some of our house stuff, which would reduce the amount of money available to overpay on debt but would give us a decent amount of cashback which we could use on the loans with interest. + +We also have the option of a 4K loan from family members which again, we could use to replace one of the loans which have interest on them. + +We are intending using part of our remortgage agreement to wipe out the overdrafts ASAP since they have such extortionate interest. + +The debts are; + +* Car finance £6,053.63...6.9% interest +* Loan £4,253.03...9.9% interest +* Overdraft A £1,000.00...39.9% interest +* Overdraft B £1,000.00...29.9% interest +* Debt Collector £581.12...0.0% interest +* Creditor A £193.28...0.0% interest +* Creditor B £172.96…0.0% interest +* Creditor C 159.35…0.0% interest +* Creditor D £50.00...0.0% interest +* Family member £35.00...0.0% interest + +Plan is; + +* Clear overdrafts ASAP with some of remortgage money +* Keep making normal payments on 2 big loans +* Set up small Standing Orders to each of the other creditors +* Pay off smaller creditors one at a time with the debt repayment budget +* Start overpaying on the big loans last. + +So, is this an OK plan for paying these off? I know paying off the ones with interest first is better but I run the risk of losing motivation/forgetting the others exist/getting overwhelmed by the number of people I owe if I do that. I did try getting advice from StepChange via the live chat feature but they want you to call and I honestly can't face going through this whole thing over the phone yet again for at least a couple of weeks. + +Anyway I know this was super long and don’t expect anyone to read all of it so... + +***TL;DR - came for advice a few weeks ago, got some great advice, got schooled a little bit, tried again, want to know if plan to repay debts is solid, want to know opinions on our options with remortgage money, potential interest free loan/cashback money, and potential interest free loan from family and what is most practical (not necessarily smartest, just easiest to action)*** +If everything fell by 90% and didn't show signs of recovering, would you panic and chuck in the lot, or would you treat it as an opportunity to buy? + +Would you have the stomach to watch your investment drain away and keep putting money into something showing few signs or life? + +Hindsight makes mid 2018-2019 look like the opportunity of a lifetime, but I imagine it wasn't the most pleasant of experiences for those who bought in 2017 and early 2018. + +What would you do if we saw such a drop and a declining market? +I had a regular saver with Santander. £200 a month netted me the sum above. This year it only pays 3% so I'll see an even lower return. + +I currently have a 123 Lite account (0% interest, cashback on bills). I did have the regular 123 account (1.5% interest up to £20k, cashback on bills), but after buying a house, I didn't have enough in there to break even (£5 monthly fee), so downgraded. + +My regular saver matured and dumped the money into my current account. I now have a little over £5k, and expect to carry a balance of about £4k going forward. + +This makes the 123 account a viable option again, and I'm considering doing this. If I keep my total savings and account balance here, then I'll make a fair bit more in interest at 1.5% than I would drip feeding a "high interest" account. + +Is this likely my best option? I know I'm never going to be seeing huge returns on these low amounts, but I'd like to maximise what interest I can. + +Thanks in advance +I've started to use Jigsaw trading and also Journalytix to track my trades. Today i closed out 13 trades. Five were winners, 7 were losers, 1 was a scratch (which I'm counting as an unprofitable trade). That's a 38.5% win rate and yet I made $862.50 profit. + +&#x200B; + +https://preview.redd.it/b010o2bamlk31.png?width=1456&format=png&auto=webp&s=b47c60e16dde4d4ef6a3e1a0a79bc113d2dcbbe7 + +I have had people argue with me vehemently on this sub when I tell them my whole "strategy" is to simply let my winning trades run longer than my losers and that, at BEST, you've got a 50% chance of success on any one trade once you enter it (betting that the price either goes up or down). + +I've been lambasted for telling a few stories about Prop trading firms I've met with who have told me when people come in the door touting a win percentage, they don't even take the time to hear them out (because it doesn't matter). I've been told I'm crazy for saying you can lose most of your trades and still be profitable. + +I've also been told if my strategy is "correct" I'm supposed to be the richest person in the world so it doesn't make sense. + +But when it comes down to it, this is all profitable trading is about -- cutting your losses early and letting your profits run. + +Of course nobody can help you with the mental aspect of this. The mental aspect that causes you to hold out "hope" that your losing trades will turn around and the mental aspect that causes you to lock in profits early because you're worried about the trade turning against you (thus virtually ensuring your losers will run twice as long as your winners). + +That mental aspect is something you have to defeat yourself. + +But when it comes down to the pure mechanics of profitable trading -- it really is just that basic. +It seems like vici is more talked about than mpw. I really like finding companies that can be “recession proof”. If there was a downturn in the economy, it seems like people would surely stop using entertainment services first which would could greatly impact Vici. + +Mpw on the other hand does net leases with hospitals, surgery centers, and medical buildings and has a higher starting yield that’s been growing for 9 consecutive years. Healthcare facilities will always be needed imo. Asides from the normal holdings of O and Stag, mpw seems like a great company to own. One con seems to be slow dividend growth but they already have a decently high starting yield of about 5.5%. + +Anyone have any opinions of this? +So first off, I have small positions in both, but I am wondering if I should shift the balance. For those not familiar, MCN is a quarterly paying covered call fund currently paying about 9.15%. Price is currently hovering around $8, and historically has stayed around there. The advantage it has against QYLD in my mind is diversification and the ability to pivot in CC's targets. With the wild swings in QQQ lately, I can see some of the CC's getting called away, so thats a concern. Not sure if thats a large concern or if I should be lured over towards QYLD's 12% yield? +Hello guys +I’m new to this and i want to learn how to invest and i have a couple of questions regarding it. +1- what app is the best for investing +2-how can someone find good stocks +3- and lastly how do i learn it is there youtube videos or courses that i can join + +Thank you!! +Hi, first time posting in this sub. Some info on me: I'm new to dividend investing, but I have been investing otherwise for a few decades now. I'm in my mid-50s, and I'm already semi-retired, having made good investments that are pushing me to almost three-quarters of a million now. Well, more like two-thirds of a million now, what with the way the market's been lately, but of course it'll come back. I'll probably be fully retired in another 15ish years or so, when I hit my maximum SS age (not that I'm relying on SS income). I expect to have a full million by then. + +Right now, I'm earning low four figures from investing in QYLD and JEPI with my non-retirement "play around investing money" for some extra fun money added to my income to mess around with each month. The extra money each month sure is nice, but not strictly necessary. + +My thinking is that I'm investing in QYLD strictly for the huge dividends. And, because I've got a 15ish-year time horizon, I'm into JEPI for the growth . . . and some dividends that are still pretty sweet. Even though I love those fat, fat QYLD dividends, I don't especially love the idea of the value of my QYLD investment going down over time. I'm thinking that I'll eventually get out of QYLD before it drops too much, switch it over to something else in a couple/three years, after I pay off my solar loan. + +But what something else? JEPI already covers that base pretty nicely, I think. However, I hear great things about DIVO and SCHD. Are either of those two for someone in my position? It seems like these are both plays for people with a much longer investing horizon than 15ish years - younger folks, with a very long time to invest and let those dividends start piling up over the years. + +Is this the reason why people are dividend investing in much lower dividend paying funds, to capture all that sweet, sweet growth over the decades? I'm just wondering if I'm missing something here - am I? + +Do you think 15 years is long enough to invest in them? Or, should I actually be looking at investing in them at least through the first few years of full retirement, so that I'd be in them for more like 20-25 years, so that it makes more sense to invest in them? + +Finally, why would one invest in SCHD over DIVO, when SCHD doesn't pay nearly as much in dividends as DIVO does? + +If this isn't the reason to invest in these lower-paying dividend funds, what's your reason for investing in them? + +Thanks. +What would be a good plan to start a long term for a 30 year old. I mean, what kind of stocks should I invest in the long term? I know I started too late. But, I guess start now then later when I’m close to death. Right?! Thanks too all for helping. +I have $10k CAD ready to deploy on a USD ETF. The plan is to eventually invest $15k in 2 USD ETFs, but I currently have $5k CAD wrapped up in O/G. + +Would it be worth my time/money to do 1 now for $10k, and another who knows when in the future for the other $5k, or does it make sense to wait until all $15k is available? + +Thanks for any help here. This would be my first time doing Norbert's Gambit. I'll be using Questrade. +Good dividend investment? They own a lot of high quality buildings/buildings with high quality tenants. They have 12 industrial areas leased to Purolator and one to Amazon. One to Pepsi, one Hudson's Bay, and three to Sysco Foods among many others. + +Now the real beauty is their retail portfolio: it is mostly occupied by grocery stores of which are not closing even during the pandemic (if they did the world really would come to an end as we know it). They have lease agreements with 11 Metro locations and 10 Sobeys. + +There are 25 residential multi-units in their portfolio. + +From their dividend payout history, this company has consistently paid out dividends even throughout the 2009 financial crisis. What do you guys think? HR.UN is the ticker. +I want to improve my weight in REIT's and currently hold: + +Symbol Weight (%) +NXR-UN.TO 18.51% +SRU-UN.TO 3.43% + +Curious about other people's recommendations for long-term REIT's to DD? +Not so sure Poloz can keep rates flat for long. Very intesting setup with the bond market betting on U.S side rate cuts. That would mean a higher Canadian dollar. Thoughts? + +BNN video about the housing starts: [https://www.bnnbloomberg.ca/canadian-housing-starts-surge-25-on-coast-to-coast-increase-1.1284417](https://www.bnnbloomberg.ca/canadian-housing-starts-surge-25-on-coast-to-coast-increase-1.1284417) +Canada's stock market most lethal short-seller Marc Cohodes pumped $OSTK loudly and clearly all the way to 90$ a share U.S. Today, the stock is 13$. The insane thing about this is that he was fighting the same CEO of that company back in 2007. The CEO did prison time. Then, in 2017, the CEO befriended Cohodes, who bought $OSTK at 24$. As he encouraged his followers to buy the stock, it went all the way to 92$ a share. At that point, Overstock was getting into the "business" of blockchain and crypto-currencies. Then, the stock started crashing, but Cohodes continued to encourage his Twitter followers to buy the stock, and fighting those who disagreed and those who claimed $OSTK was a fraud. + +Now think back of Home Capital, which Cohodes shorted and fought publicly, including BNN interviews. The stock went from 54$ to 17$. He won. But Overstock went from 92% to 13$. May this be a lesson to us Retail investors. **You may be one of the greatest forensic investors, and think you have more information than anyone else. In the end, you never know what is really going on**. + +The fact is that Overstock might be true fraud, unlike Home Capital, and Cohodes was played. + +You can go on Twitter and search for $OSTK tweets since 2017. It's crazy. Start here:[https://twitter.com/AlderLaneeggs/status/918475084829827073](https://twitter.com/AlderLaneeggs/status/918475084829827073) +Good dividend investment? They own a lot of high quality buildings/buildings with high quality tenants. They have 12 industrial areas leased to Purolator and one to Amazon. One to Pepsi, one Hudson's Bay, and three to Sysco Foods among many others. + +Now the real beauty is their retail portfolio: it is mostly occupied by grocery stores of which are not closing even during the pandemic (if they did the world really would come to an end as we know it). They have lease agreements with 11 Metro locations and 10 Sobeys. + +There are 25 residential multi-units in their portfolio. + +From their dividend payout history, this company has consistently paid out dividends even throughout the 2009 financial crisis. What do you guys think? HR.UN is the ticker. +I’ve been reading a lot about this stock and feels it’s undervalued, however I know they are a lot of debt too. I’m debating getting in: it’s had a real rundown and thinking it may have more to fall before it goes back up. Any holders? Thoughts? +Among Canada’s Big Six banks, Bank of Nova Scotia’s BNS-T -0.51%decrease +subpar share price performance stands out. The good news: The stock’s low valuation and high dividend yield are also distinctive, offering compelling reasons to give this laggard a second look. + +Though the stock has rebounded from lows last year and has risen above levels seen before the COVID-19 pandemic arrived in North America, Scotiabank’s returns are at the back of the pack. + +The country’s third-largest lender trailed its peers in 2020, slumping 6.2 per cent (not including dividends). That’s considerably worse than the 1.6-per-cent average decline for the group, when investors were concerned about the economic damage caused by the pandemic. + +So far in 2021, Scotiabank’s share price is up 15 per cent, helped by the rebounding Canadian economy and the strong housing market, which can underpin confidence in lenders. + +But there’s a reason you might not be hearing many cheers: Big bank stocks have risen by an average of 26.5 per cent year to date, which is 11.5 percentage points better than Scotiabank. + +Blame the underperformance on the bank’s long-standing exposure to international markets. Its substantial presence in the Pacific Alliance countries of Mexico, Chile, Peru and Colombia, as well as the Caribbean, can work well during good times because of the relatively strong long-term economic growth in those regions. + +But the pandemic is still weighing down those economies. In Mexico, for example, supply-chain disruptions and parts shortages are slowing the pace of a recovery. The Delta variant is also crimping international travel and tourism, traditionally a large source of revenue for the country. + +The impact on Scotiabank’s financial results for the fiscal third quarter ended July 31, released this week with results from other banks, highlighted the challenges to its international banking division. + +Revenues from Canadian banking increased by a healthy 6.5 per cent from the previous quarter, but revenues from international banking declined slightly, due to disappointing loan growth and the impact of low interest rates on loan margins. + +Scotiabank’s adjusted Canadian profit (before taxes and provisions for bad loans) is now 4 per cent above levels seen in the first quarter of 2020, before the pandemic slammed into the global economy. In the international division, though, this profit is languishing a remarkable 19 per cent below early 2020 levels. + +“While we saw heady results from the domestic segment, the international one continues to operate at a level far below its pre-COVID pace,” Gabriel Dechaine, an analyst at National Bank of Canada, said in a note. + +But for investors, there may be an attractive opportunity here. Several analysts say it is only a matter of time before Scotiabank’s international operations hit their stride again, as regional economies gain strength and loan growth picks up. + +Central banks in Chile and Mexico raised their key interest rates earlier this summer, which should boost profits on bank loans. Scotiabank’s managers expect retail loan growth will accelerate in the fourth quarter. + +The nice part about betting on the stock now is that it is trading at relatively cheap levels. Scotiabank has the lowest price-to-book ratio among the Big Six, at 1.5. The sector average is 1.64, according to RBC Dominion Securities. + +The stock’s forward price-to-earnings ratio, based on profit estimates for 2022 from RBC Dominion analyst Darko Mihelic, is also low, at 9.4. The P/E ratio for Canadian Imperial Bank of Commerce – often the bank stock with the lowest valuation – is 9.9. At the pricier end, Toronto-Dominion Bank’s P/E is 10.6. + +Scotiabank’s dividend yield is also more attractive than all its peers. The yield is 4.5 per cent at Friday’s closing share price, compared with CIBC’s 3.9 per cent and TD’s 3.7 per cent (and, for that matter, the paltry 0.84-per-cent yield on the five-year Government of Canada bond). + +Scotiabank’s higher yield may reflect the prospect of slower dividend increases than other banks, once the banking regulator gives the sector the go-ahead to raise them again (increases have been curtailed during the pandemic). But that’s no reason to shun the stock. + +Buying an underperforming Big Bank stock is a compelling strategy for driving outsized returns, because Canadian banks have an uncanny ability to correct struggling elements. For Scotiabank’s international banking division, a bit of patience may be all that’s needed. + +Full disclosure: The author owns units in the BMO Equal Weight Banks Index ETF. + +https://www.theglobeandmail.com/investing/markets/inside-the-market/article-scotiabanks-share-price-is-lagging-its-peers-but-heres-why-its-worth-a/ +It’s so simple, yet it took me a while to pin it down. It is NEVER too late to buy bitcoin, even if it’s at $1,000,000, because it’s not so much about making money as it is about protecting the value of your existing money. +QLD- I feel like it’s so disheartening trying to purchase a house at the moment, first home buyer and have been searching for houses and making offers for the past 3 months. My offers are consistently getting rejected for much higher than what the house is listed for. + +I’m looking for some reassurance that the market will get better for first home buyers and that something will become available soon + +Or opinions on what will happen to the housing market + +Have a good day! +This is not the time to hate movies or talk trash about popcorn or anything of the sort. + +If this movie takes off this weekend it’ll be huge for GameStop, not only is it bullish for the company to become a top making movie this weekend it shows the fan base and investors are tried and true. No Flops when it comes to GameStop. + +Cheers everyone! +I am new to investing in cryptocurrency. I have a bad habit of buying high and selling low. With the crypto-markets booming today, what would you invest $5,000 into if you were looking for a big return, not just the slow and steady gains of the household names that most know? It could be in multiple currencies or just one. +There are only 3 coins (2 BTC forks) and ARK that have not been pumped on binance. As every coin no matter the tech or team gets x4 on binance, its just a matter of time until ARK does the same thing. + +..Oh wait.. ARK has amazing technology and development too... that just as an unimportant side note.. +I was listening to a scientist who was on the global board of climate change advisory (unsure the exact name) and he made this "Complacency is much more dangerous than fatalism" statement in regards to global warming and it rung as true as any truth I've ever heard spoken. + +The majority of the problems we see in society we see because of political apathy and general apathy. People are too lazy to educate themselves so that they can make rational evidence based decisions. + +This same thing is occurring in bitcoin. You would think that industry members who are financially incentivized to make sure that bitcoin is the most successful system possible would educate themselves about the future of their system. + +Instead, we have a bunch of suits throwing money at the problem. As **if** money could fix this problem. Hiring your favorite dev to build a repository in an attempt to hijack the reference client is not a solution to an issue related to decentralized networks. + +The issue in the first place is that we have a centralized industry. The people who have advocated and signed on for SegWit2x *are exactly the problem bitcoin was intending to avoid*. + +Bitcoin was supposed to be a radically self-reliant system that did not need to trust intermediaries in order to function. And now instead, we have a host of industry leaders acting as intermediaries to **force** a non-technical and politically motivated "solution" down our throats. + +I cannot advocate for risky BIP's that are playing chicken with the blockchain and are assured to cause a split. But I can advocate for **rejecting** SegWit2x and refusing to transact on the blockchain that their hardfork creates. + +If you act complacent in this you are allowing the industry to hijack a decentralized network and to centralize it so that they can control aspects of the network that favor them. + +We currently have 100's of developers contributing to Bitcoin Core from around the world that have Cypherpunk roots, that are open and transparent in everything they do from their IRC meetings to PR's on github and here on reddit. + +And then you have the other people who work behind closed doors, refuse to onboard developers unless they are forced to agree with a plan, sign secret agreements and distribute them to "trusted intermediaries" only. + +Wake the fuck up bitcoiners. These assholes are the exact kind of people that bitcoin was designed to nullify! Yes, I understand that some of these people have helped build bitcoin. Bitpay is a great example, think of how much money they have poured into marketing and advertisement. + +But remember that they signed up for this. They signed up knowing that they were investing in a decentralized network in which they would not have control. + +What we need now more than anything are competitors within the ASIC manufacturing industry. We desperately need more companies like 21 but with good ideas that actually increase decentralization. We need more bitfury's. + +Instead of being complacent, what can we do to minimize the monopolistic forces? Who can we help fund? Who do we advocate for? + +Im asking because I dont have the answers. It seems very little do. The centralization of industry has been bitcoins biggest problem since the day it was born. It continues to be the largest problem we face today. + +What are we going to do about it? Are we going to sit on our thumbs and finger our butts while these assholes take over bitcoin? Or are we going to wake the fuck up and start making demands to the SegWit2x Signatories? + +I know one goddamn thing, I will never under any circumstance run a segwit2x client. I do not negotiate with terrorists and Jihan said himself, he was blocking SW to "fire core devs". He said it plain as day for **everyone to see**. Thats direct evidence of a coup. There is no speculation needed. He's like a certain someone who likes to talk on twitter and constantly puts his foot in his mouth, self-inflicting all of his problems. We **cannot ignore** this! + + +I am in my mid 20s and have 10k in the bank with a stable job. I am able to put back 1750 a month and no debt. My credit is pretty good and I have spent the last few months really wrapping my head around real estate investing (tired of paying rent). My resources are mostly bigger pockets podcasts and the bigger youtube channels. + +I reached out to a contractor friend of my parents and offered to work for free for a few weeks about 10hrs per week simply to learn more about how to estimate costs and get a feel for renovations. I have read I need a contractor who is licensed and bonded to do the bigger repairs, but I figured I could do the cosmetic side of things. + +From what I have gathered my best option will be an FHA 203k loan so I can cover repair costs while still having a cushion in the bank for emergencies. I am also aware I need to live in one unit for a year. Then I plan on saving another year and going with the BRRR strategy. Other than finding a deal that makes sense and will cash flow, does this sound like the right strategy for me? What advice would you give to someone in this position? + + + + +I have a credit score around 800, more than 20% available to put down, but no other significant assets for collateral. We spend very little of our income (small rural area, everything is cheap). Only income is my spouse just started working as an industrial engineer about 4 months ago making $65,000/yr and started building credit about 2 months ago, so they have no credit score. Apparently they won't have a credit score for about 4 months. I don't have a 2 year work history cause I've just worked temp jobs here and there. + +Even banks working with FHA or USDA wouldn't help us. I know 4 months isn't that long to wait, but it would be nice to get started now. Am I out of options here? All info is much appreciated, thanks. +I have 3 properties. Number 1, I live in loan balance 490K 3% interest rate 30 years, monthly payment $2600, roommates pay $2000. Number 2, rental, loan balance 380K 4.25% 30 years, monthly payment $2300, rental income $2600. Number 3, rental, loan balance 48K 3.88% 30 years, monthly payment $1300, rental income $2000. Estimate value 700K, 550K, & 500K. I earn a little over 100K W-2. I should be able to make about 135K in a few years. I have a couple years in reserves. Am I too leveraged? +I found a tool online that essentially lets anyone who wants to view outstanding violation notices on properties for reasons ranging from now mowing their grass to properties that are unsafe or vacant. + +Owners are listed and it's all public record so there could be a potential to find some leads and chase down the owners. +Hello. I was reading about BRRRR on this subreddit, and something in particular has disturbed me about the concept (so far). Particularly, the feasibility of your rental income covering or exceeding the ultimate mortgage on the dwelling. This is a crucial component. + +Here's an example: I own a building right now that I purchased for $350,000 and that I can currently appraise for about $629,000. Now, I'm facing two options - sell the house outright and use the equity (about $385,000) to roll into my primary dwelling, or refinance at 75% (about $470,000) and do the same thing with the equity. There's a problem with all of this. The monthly mortage for this house will be $3,300, plus taxes and insurance are up in the $4,200 range. This is for a three bedroom house in the NYC metro area. + +There is literally no fathomable way that I could ever rent this house at $4,200 per month, nor would I want to. I would be inviting people who are likely to default on the rent, and besides, who would ever be able to come up with $12,000 to cover the first last and deposit escrows? + +Something feels completely wrong with these numbers. Is it just that they're upside-down because of the NY market? I would much rather buy, rehab, and sell than get involved in renting to single families. + +What's your insight? +Found this [paper](https://itep.org/wp-content/uploads/whopays-ITEP-2018.pdf) that compares all taxes in each state. FIRE adheres will find it useful for comparing places to live. Ideally minimizing taxes both in accumulation and withdrawal phases by living in most regressive state while earning high income, and most progressive state when FIREd (and withdrawing low income). +I have been in a homeless shelter in NYC for almost 18 months now due to domestic violence involving my mother and sister. But I have always lived within my means and found that my mother was somehow using my credit. Credit, bank And tax fraud. But nothing has been done in spite of me raising awareness. A whole lot of drama with them. I am not getting anywhere fast in the shelter system. I work full time at the new NYC $15 minimum wage. Have the Self, Credit Karma and Credit Sesame apps. But this could take another three months to build my credit + +I'm not going to stop trying to build credit but was interested in trying to get a loan for an apartment lease. I tried some online sites where they are supposed to compete, but the all say they have no lenders in that range and peer to peer have much higher Fico scores just to be considered. + +I don't want a hard pull just when I am trying to build credit. Any suggestions on how I may be able to get a loan now? I have the income to afford a high interest monthly payment. Any suggestions or examples. +So I've been thinking a lot lately where I would draw the line if an investment is morally O.K. for me or not and I found that when it comes to investing, I care a lot less than in real life. + + +My only rule is that I don't invest in chinese companies and a few select companies I dislike, like Nestle. But I somehow have no problem investing in companies like apple, even though I know they are familiar with child labor. + +Where do you draw the line (if at all) and would you consider someone a bad person because of their investing choices? +As a loan officer, I remind my customers time and time again to wait before making any major purchases or changes in your life. +It's the first week of may and 2 loans have fallen out because borrowers decided to get married. +Getting married means we have to account for spouses debts on Govt loans and that can really negatively impact your debt to income ratios. + + + +Below, I've pasted some addition helpful hints if you want to make sure your loan clears quickly and without problems or delays: + + +BANK ACCOUNTS AND ASSET STATEMENTS: + +• NO NSF’s (overdraft fees) + +• NO Payday Loans + +• NO Cash Advances + +• MINIMIZE TRANSFERS between accounts. IF you must transfer between accounts, ALL accounts involved MUST be submitted for verification. + +• LARGE DEPOSITS that come from a sale of personal property will require the following: + + +o Proof of Ownership (example: title, insurance, etc.) + +o Bill of Sale + +o Proof of Value (example: Kelly Blue Book on autos) + +o Deposit amount MUST match sale amount. + + + +CREDIT: + + + +• JUDGEMENTS must be paid. Release or satisfaction letter required. + +• NO LARGE PURCHASES during loan process. (example: car or furniture purchases) + +• DO NOT OPEN NEW LINES OF CREDIT during this process. This can jeopardize your approval. + +• WATCH YOUR SPENDING. + +EMPLOYMENT: + + +• DO NOT QUIT YOUR JOB during the loan process OR within ONE MONTH of loan closing. Your note will be deemed due and payable should this occur. + +• REPORT ANY EMPLOYMENT CHANGES during the loan process TO US IMMEDIATELY - IN WRITING. + +• DO NOT GO ON A LEAVE OF ABSENCE from your job during the loan process. You must notify your lender of ANY employment changes IMMEDIATELY. This includes being fired, laid off, medical leaves, FMLA leaves, etc. + + + +Thanks and I hope this helps! + + +Edit: alright guys, headed to bed but I will try to answer all your questions tomorrow. +I hope this thread has been helpful!! +Here is the chart I'm looking at: [https://imgur.com/a/yWcRXel](https://imgur.com/a/yWcRXel) + +It was a random image I found, but there were a few notes on it: + +\- multiply the balance of your investment accounts by your age's Wealth Multiplier to calculate projected growth by age 65 (assuming no further contributions) + +\- chart assumes an expected lifetime return for ages 0 - 20 is 10% per year, decreasing by 0.1% each year after 20, reach a 5.5% terminal return at 65 + +&#x200B; + +I have some questions based on this chart + info. + +1. What kind of investment account do I need? I'm not sure what that means, its pretty vague. Is there a standard place to just invest? I assume there are probably many options to choose from - how do I choose what is best? My work has a 401k plan already that I'm set up on, is that the same thing? +2. Is the expected lifetime return assumption the chart makes reasonable? I have no context for this. +3. I am 30 right now. Does that mean I need to invest $339.93 every month till I'm 65 to become a millionaire? +4. Is this a safe investment strategy? Are there risks? + +I guess the chart seems too good to be true so I'm wondering what caveats there are or what I'm missing here. I could easily put away $340 every month from here on out, but that seems too easy. Are there significant risks I'm not seeing here? + +Thanks. +Here is the chart I'm looking at: [https://imgur.com/a/yWcRXel](https://imgur.com/a/yWcRXel) + +It was a random image I found, but there were a few notes on it: + +\- multiply the balance of your investment accounts by your age's Wealth Multiplier to calculate projected growth by age 65 (assuming no further contributions) + +\- chart assumes an expected lifetime return for ages 0 - 20 is 10% per year, decreasing by 0.1% each year after 20, reach a 5.5% terminal return at 65 + +&#x200B; + +I have some questions based on this chart + info. + +1. What kind of investment account do I need? I'm not sure what that means, its pretty vague. Is there a standard place to just invest? I assume there are probably many options to choose from - how do I choose what is best? My work has a 401k plan already that I'm set up on, is that the same thing? +2. Is the expected lifetime return assumption the chart makes reasonable? I have no context for this. +3. I am 30 right now. Does that mean I need to invest $339.93 every month till I'm 65 to become a millionaire? +4. Is this a safe investment strategy? Are there risks? + +I guess the chart seems too good to be true so I'm wondering what caveats there are or what I'm missing here. I could easily put away $340 every month from here on out, but that seems too easy. Are there significant risks I'm not seeing here? + +Thanks. +https://www.nytimes.com/2018/08/16/business/elon-musk-interview-tesla.html?action=Click&contentCollection=BreakingNews&contentID=67503504&pgtype=Homepage + +The nyt writer must owed him a favorite. +Any entity short GME knows what is coming. The split/dividend signals the end. Im not sure why we are not seeing some running for the door to close positions. It's baffling to me we have yet to see any indication that anyone is doing anything after this monumental news. +These past few days/weeks, we've seen some truly absurd moves in tech. Today alone, Tesla was up 10 percent, Netflix was up 8 percent, and Amazon is up about 20% the past few weeks on basically no news. Apple, Microsoft, Google, Facebook, Nvidia, etc. are all at or above their mid-February valuations. What spooks me is not that these equities are moving upward, but it's that they are moving upward quickly and impulsively, with few pullbacks, and leaving the rest of the market in the dust. These are not the signs of a healthy new bull market; they are the signs of rampant speculation, euphoria, and greed. These mega-cap corporations are propping up the indices and are almost acting as safe havens for investors pulling out of travel, financials, consumer staples, energy, etc. We saw this rotation in full force yesterday when the Dow ended over -1% while the Nasdaq was around +0.5%. This is not to say that I think we are on the brink of collapse--bubbles can last a lot longer than any of us think they might. + +For those of you who have exposure to big tech, how are you managing it? Are you planning to ride out what seems to be a massive, unstoppable wave upward or are you slowly taking profits along the way? How will upcoming earnings impact your strategy? +I’m a student who works full time, and reading through past posts on here really reinforces the mindset that I’ll never own a home. I have about 10k savings, earn 36,000k a year and pay $250 a week in rent which in that respect I’m very lucky due to very high rental prices in the country area I’m in. My course is another 5 years so I won’t be earning anything near 60,000k till then and that’s depending on job vacancy and whatnot. Part of me thinks “f it I’m 24 I’ll just enjoy life while I’m young and while I can” but then if I’m doing that I’m not saving as much as I can, but why should I bother if it’ll make no difference. Kind of looking for some sort of reassurance I guess but reading advice and posts on this subreddit it seems like there is none. + +Cheers +We don't know: + +- if Bitcoin will hit 20k by the end of the year + +- if Bitcoin is going to crash + +- if Lightning Network will fix the scaling problem + +- if high fees will kill Bitcoin + +- if Bitcoin will become digital gold + +- if Bitcoin will become digital cash + +- if we're in a bubble + +- if Bitcoin is just so different that it's actual value is actually rising exponentially + +There are an awful lot of people positing things like "X will Y if we don't Z!" + +The truth is, we don't know. I just would personally like people to try to bring back a little moderation and thoughtfulness to the comments. + +Yes, all of the points I have mentioned are worth discussing (that's exactly what this sub is for), but to blindly shout your opinion like it is fact helps exactly no-one, whether you are for or against whatever viewpoint. + +When you hit that Reply button, take a moment to think about what you are going to post. Is there context you could give for your viewpoint, is there precedent? How about some data? + +Bitcoin was created by and is being maintained and improved by some crazy-smaht people. If we are to help them (and in turn, ourselves) in the evolution of Bitcoin, we're going to need to do a little thinking and genuinely discussing the matters at hand. + +Otherwise we're just pissing in the wind. + +Edit: A number of you appear to have missed the point of this post entirely. I'm not saying there is or is not a bubble. If you want to discuss that, go and create another thread, and have an intellectually honest conversation about it. Then at the end of that discussion, when you've gained a new perspective (no matter what that perspective may be), remember that you could be wrong either way... we just don't know. +Yes, I prefer invest as much as I can, because I am much more afraid that I will waste my life by working whole life 9-5 like and never be happy. + +I always ask myself what is the worst that can happen? And I can't find answer that would scare me or change my mind. I am young, university student. I don't have my own home, car or job. I am not scared to end on street or under the bridge. I prefer this, because it will mean I at least tried to not be part of rat race. + +People work for few k $, have to pay 30 years for their home and 2 cars. Wife, kids, dog and working 40 years 9-5 with 2 week holidays once a year. Free weekends, when you have a lot of things to do in home, few friends you see rarely, cause you are all busy, no time for yourself. This is what scare shit out of me, not losing money on crypto. I don't want to become small robot in huge machine called society, working for little bit fiat, when a some people live their dream lives. + + +Many people are too afraid to risk and invest as much they can and HODL no matter what happen, because they believe it is too risky. They prefer to settle for safe mediocre life. They do no risk, do not invest, do not ask person they like for date, do not change terrible do job, not throw all this shit to travel around the world, because they are too afraid to lose roof over the head and little bit of security they have. + +Someone told me that by investing in stocks I can be rich in 30 years. Many people like to tell this bullshit that by invesiting whole life, every month when you will retire you will have finally 1 or 1,5 million $... I am 22 years old, I don't want to be pawn on chessboard and see how world change around me when I work 30/40 years for my first big money. + +I prefer to invest in crypto as much as I can, achieve my dreams, become rich, travel around the world, climb fricking Mount Everest or jump with parachute and change the world for better, by supporting new technologies. I want to support finding cure for some untreatable illness, invest in space rockets, solar panels, electric cars, exosceletons, drones and everything that will help humanity. I want matter, even if I will have to took risk. Investing in crypto is still less risky for me than living average life. + +It is of course my way, I do not advice anyone to do it. I just wanted you to see different point of view. +With the increasing sentiment that the equity market is looking at a potential dip or correction what stocks and ETFs are you on the lookout for to buy? + +For me its currently XEQT and ZEB +For those unfamiliar Schiller P/E ratio, but it's essentially inflation-adjusted the P/E ratio for all the companies in the S&P 500 for the past 10 years. Essentially it's a proxy for the overall P/E ratio for the US stock market as a whole. + +In the long term this ratio gravitates towards 15, in line with the old maxim that in the long term stocks should generally sell for 15x earnings. + +Right now, the ratio is at 36, which is the second highest it's been at for any sustained period ever (the data goes back 150 years). The only time it's been higher was just before the .com bubble burst in 1999, when it reached 44. Before that, the highest it had gone to was right before the stock market crash in 1929, when it reached 30. + +Handy chart here: https://www.multpl.com/shiller-pe + +My question is basically whether, in light of this, we're due for a crash (or correction). + +People may say the ratio is outdated, etc. and it's stupid to make predictions like this based on one chart, but its hard to get away from the fact that this one chart reflects the basic laws of financial gravity. The price of stocks has to bear some relationship to their earnings. + +A P/E of 36 implies a company's earnings provide a 2.7% annual inflation-adjusted return, which is pretty damn low. With interest rates being where they are maybe a lot of investors have no choice but to keep their money in stocks right now, but as bond interest rates rise, especially if central banks increase rates based on recent inflation fears, a lot of investors are going to see better returns with better risk/reward profiles from interest-bearing assets like bonds, meaning a lot of money is going to leave the stock market and go towards those assets. + +To put it another way, if there was a business that had made an average of $27k in profits (after inflation) per year for the past 10 years, would you pay $1 Million for it today? Probably not, right? You could probably do better putting that money in the bank and earning interest on it (maybe not at today's interest rates), and it would be safer to boot. Nonetheless, buying the business with $27k in profits for $1 million is basically what the market is doing right now. + +Basically, it looks like stocks are very, very overvalued right now, and what goes up must ultimately come down. We don't know when, and we don't know how fast, but the comedown itself seems like it has to happen. The only alternative is stocks selling for at an implied valuation way above their historical norm, and that makes little logical sense, indefinitely. + +Just curious for you guys thoughts on this. +A mutual fund is essentially just a basket of individual stocks/bonds/whatever. Within that basket the fund managers are constantly selling/buying and receiving dividends. The IRS has special rules for mutual funds which allow them to not pay taxes on the capital gains/dividends generated provided they pass through almost all of the proceeds from said activities to the shareholder within the calendar year. So dividends are often paid on some set schedule but capital gains are generally retained within the fund till the end of the year(because losses can reduce gains but can't be distributed to a shareholder). + +So on to why your fund dropped: in mid December everyone starts distributing these gains and as we know when a fund makes a distribution its NAV drops by an equal amount. For example a fund that was trading at $10 and had It's value made up of $9 worth of stock and $1 worth of cash to be distributed now no longer has that $1. So it'll drop by 10% because of that fact. Don't worry, you didn't lose any money because the $1 was paid to you in cash(and in most cases reinvested in the form of buying more shares). + +There isn't any value created or lost in a distribution(except to taxes) it's just a necessary taxable transaction that must occur because of how mutual funds are structured. ETFs are technically subject to this as well but since most follow passive cap weighted strategies or use the creation/redemption to wash out appreciated shares so they don't usually have capital gains realized to distribute. + +Also please feel free to add whatever questions/comments you have to this sticky. + +Here's a quick way to see what capital gains estimates/distribution dates are for most funds: +https://mutualfundobserver.com/discuss/discussion/56970/2020-capital-gains-estimates +Ctrl + f your fund family. Chances are it's on one of these two pages. If not, google search "______ funds capital gains distributions 2020" + +Please note we'll probably be deleting any threads on the subject and pointing people here in order to keep the clutter down. +Reposted from [/u/Particular-Wedding](https://www.reddit.com/u/Particular-Wedding/) for more visibility. I reorganized it a bit and added some stuff. + +&#x200B; + +This proposal would change the AUM threshold that investment managers must meet every quarter from $100 million to $3.5 billion!   + +&#x200B; + +Over 90% of institutional investors would no longer have to disclose their holdings of penny stocks, this could lead to surprise massive sell-offs which would tank the price of the penny stock they invested in. + +Since an institutional investment can also pump the price if they buy into a penny stock, this would also prevent us from knowing what penny stocks the smart money likes. + +All of this also means our beloved sabby won't have to disclose his positions. /s + +[https://www.sec.gov/rules/proposed/2020/34-89290.pdf](https://www.sec.gov/rules/proposed/2020/34-89290.pdf) + +[https://www.sec.gov/rules/proposed.shtml?\_\_s=cvwgmhfkxsnsnrbvs6py](https://www.sec.gov/rules/proposed.shtml?__s=cvwgmhfkxsnsnrbvs6py) + +&#x200B; + +**Write in and tell the SEC “Hell No!” to these disclosure changes.** + +[https://www.sec.gov/rules/submitcomments.htm](https://www.sec.gov/rules/submitcomments.htm). Click on “Submit comments on S7-08-20”. + +[rule-comments@sec.gov](mailto:rule-comments@sec.gov). Include the file number S7-08-20 in the subject. + +&#x200B; + +Comments are already pouring into the SEC.  I am urging everyone to please post a comment on the proposal to the SEC site linked below.  Why should we care?  How are we impacted by this?  Below are some issues to raise.  Please mention them in your comments to the SEC and to your representative in Congress: Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. + +* The “justification” for the rule change is highly questionable. +* When is less transparency and less data ever a good thing for the small investor +* Some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk. +* In the event of a significant correction the number of reporting managers would be diminished even further.  The S&P suffered a 56.4% decline during the 2007-2009 financial crisis.  A similar event using the most recent quarter as an example, would have reduced the number of funds by another 31% at a time when such data is needed even more. + +&#x200B; + +One SEC commissioner, Allison Heren Lee, has already voiced her opposition to this proposal.  [https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10](https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10) The proposed rule change would be a loss for all of us - it would enable more corruption and opaqueness. + +&#x200B; + +To put it in perspective, for the most recent quarter, that would reduce the number of funds that disclosed their holdings to the public from 5,283 to 549 or almost 90% of all filers.  $2.3 trillion in investment holdings would no longer be disclosed to the public resulting in loss of transparency and valuable insight.  When Congress first adopted Section 13(f) it did so to “stimulate a higher degree of confidence among all investors in the integrity of \[the US\] securities markets.”  Taking this data away will have the opposite effect.  Transparency is what gives investors confidence in US markets. + +&#x200B; + +The SEC should be pushing for more disclosure and transparency and not rolling back existing rules. This can only hurt small traders/investors and provides little to no benefit or savings. +New to the community in my mid 30's and starting to make a plan for FIRE, probably on the lean side with some continued small income streams so not 100% retirement from work. My wife and I would like to travel or live abroad extensively and possibly pick up work as well there legally. We are both USA citizens but I have potentially access to three citizenships: Israeli, Ukrainian, and Russian. I am a Russian Jewish immigrant both of whose parents were born in Ukraine under the USSR so I qualify for both of those based on those rules, and I qualify for right of return under Israeli law. The question: + +Has anyone obtained multiple citizenships to countries with universal healthcare to hedge against USA healthcare costs? My dad, despite being a US citizen, still travels to Russia for all of his dental care, which he pays out of pocket at about 20X less price for the most expensive cutting edge dental care (his teeth are ultra fucked). Like many, I think the scariest thing about this country is the healthcare and potential to go broke should something go south. +Edit: This post got more traction than i expected so if you have any questions or products that you want me to take a look at i will do/answer so gladly. + +Disclaimer: Im a recent graduate so you're not getting warren buffets advice. + +I work at a major bank and i cannot stress how many times I've seen blue collar workers come in looking to invest their retirement. It's the oldest men and women who are hardest to watch. Last week the Mailman and a lady that cooks in a dinner came looking for investment advise. These are people who perhaps in their 50s-60s have managed to save up a nice 20-100k. + +For context Im not a financial advisor but I sit next to the people who are. + +The conversation always starts the same way. After a brief introduction the client will ask about investment options. This is when it all goes downhill. + +The advisor will go on a long rant about risk, about how markets are volatile and about how they have to be prepared to lose their savings at any point in time. Now for these people its not just a few thousand dollars its their lives work. So naturally they become very risk adverse, which is exactly what the advisor wants. + +They will then sell you an investment product where you sacrifice most of your gains for a yearly payment that barely beats inflation after fees. I cannot stress how bad this is, the bank essentially keeps all your returns. Ive seen these products be sold for major indices which have a dividend yield high enough to cover that coupon and that in the long term have great returns, the market does have risk but it rewards it. + +My advice to anyone is to ask for a low cost ETF that tracks the market, usually the investment advisor will not be excited to sell you on this because they don't make a commission on it but its your right and you should insist. It breaks my heart that i can't step in and help the people every time they come in but hopefully i can reach some people through here. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I am just learning and am luckily in a sim. The last month or so I was trading with above 70% accuracy and this week I must be down to 40% at best. I have been fighting my own brain and outside stress this week, but is anyone else getting beat up this week or is it just me? +I can't seem to wrap the concept of entering or exiting a candle in x time. For example, I could be on a 3 minute interval but the candle is still forming, it's hard to tell right at that moment what it could be. + +Does this always mean that we 100% of the time, rely on the previous candle? Can we ever trade "right at the moment" because when entering a trade, I know for sure it would be a full candle only to end up being a hammer one. + +In the general subject of trading, are traders (or more accurate traders) just basically traders from the past? It's just hard for me to conceptualize trading ON the candle because it could always still be forming, there were many moments where I thought it would be turning into a hammer or not, etc. only to be completely different. Am I making things harder for myself? +I was going to buy in this morning, then I did a bit more researching. This "Evergrande dip" is not happening, it's about to start. Thursday the 23rd is when Evergrande's loan payment is due, which they can't cover. + +The Chinese exchanges will open at 9:30am their time, which equates to 9:30pm EST. You may see a huge dip then, which may or may not get worse as their trading day goes on. Smart investing says liquidate crypto first, as it cannot cover traditional payments. I personally expect to wake up to a shitshow tomorrow. + +If the company craps the bed and the CCP doesn't bail them out, there will be a snowball effect on other companies and more people will need more liquidity. This could see big dips in Crypto over the next week(s). + +Not sure what my move is yet. Wait for a bit, or if there is a big dip tomorrow, buy it incase there is a upward correction soon. + +*This is pure speculation as the flair suggests, not financial advice. I don't know what I'm talking about* + +EDIT: Thanks for the awards, goodluck to all! +Correction .52 sold for 2500 + + + +Why is this not more of a big deal? That is literal proof of fraud and manipulation with a complicit structure 🤯 someone posted a trust me bro that post split we are at 5k a share yet we see 33 and change per share. Am i missing something or was it a shitpost ? + +Edit: post stated transaction was 1/28/2021 I believe @market open + +Post in comments +There are a lot of people who buy and only HODL your coins and tokens. This post is for those of you that do. + +What is staking? + +Staking is a mechanic where you lock up your cryptos and generate passive income as you are helping to secure the blockchain through said mechanic. So you don't have to do anything and you can generate passive income through staking. This is just like interest in banks but only with much better APY. + +Let's say I have 32 ETH and I am staking them for a 6% APY. + +So 32 ETH x 6% = 1.92 ETH + +That gives you 1.92 ETH for free by staking every year. + +There are many coins that let you stake. BTC doesn't let you stake but you can lend it out to generate some passive income. Generally, the APY for staking is around 5% give or take. Some provide more some provide less. If you are HODLing anyway, why not let your crypto make you more crypto. + +That's a win-win. +“Hey,” I hear all of you college kids saying, “I don’t have any real capital, but I still wanna lose my $250 savings on r/WSB.” + +Well, you can’t sell puts on literally anything, you can’t buy 100 of anything that matters to sell covered calls, and the only long options you can afford are FDs. FDs are a great way to lose money, don’t get me wrong, but you can do better. + +I’m here to help you. + +Disclaimer, I don’t know what the fuck I’m talking about, but neither does anyone else here so what’re you gonna do? + +First things first: why the fuck do you even care? Spreads are cool in a couple of ways. You know exactly what you’re betting and exactly what you stand to gain. You can trade shit that you normally wouldn’t be able to touch outside of FDs. And you can tell your friends (lmao) you have Level 3 Options, which no one gives a shit about. + +Sound good? + +Second things second: what the fuck is a spread even? Bull put spreads and bear call spreads and whale shit spreads and what the fuck does any of that even mean? Don’t worry, I got you. + +A spread is just buying one option and selling another one for the same shit. You sell $TSLA 420c and buy $TSLA 425c, you just opened up a spread. In this case, it’s a Call Credit Spread. + +But let’s break that shit down. + +It’s a call spread because you bought and sold calls. Fucking duh. It’s a *credit* spread because the price of the lower-strike call is lower than the price of the higher-strike call. If you sell something for $10 and you buy something for $5, you make a net *credit* of $5. + +You could do it the other way: you could buy $420 calls and sell $425 calls. Now, since you’re buying something more expensive than the thing you’re selling, you have a net *debit*. You’re spending money up front. So this would be a call debit spread. + +Same shit with puts: you sell a put with a high strike (more $$$) and buy a put with a lower strike (less $), you make a net *credit* (put credit spread), and if you reverse that it’s a put debit spread. + +I know you’re not following so read it again. + +Done? Let’s move on. + +So you get what it *is*, but what’s the *point*? Let’s say you’ve got $100 from that birthday card your grammy sent you and you wanna fuck with $MSFT going into earnings. Fuck are you gonna do? + +Let’s say you’re not an idiot and you fucking *know* it’s gonna go up — but you don’t know how much. You could buy deep OTM FDs and hope it moons (fucking idiot), or you can trade a spread. Let’s say you go with the spread: you’ve got two potential plays. + +First, you can do a call debit spread. You buy a call ATM or slightly OTM, then sell another call that’s slightly higher in strike — you’re using the money from the sale of a contract for stocks you don’t have to buy the call that you can’t fucking afford. You just have to cover the $100 *difference*. + +Why would a broker let you do this? If the price moons and the call you *sold* gets exercised, you can exercise (by which I mean “your broker will exercise”) the call you *bought* to cover your ass. + +But let’s say that’s just a bit too punk rock for you. + +You have another play: you know it’s gonna go up, so you sell a put. Your broke ass can’t afford to buy the shares if the shit tanks, though, so what’re you gonna do? You’re gonna *buy* a put with a lower strike price (cheaper). So, right off the bat, you make a couple bucks, and if the shit drills? You bought another put, so you’re covered if you get exercised on. + +Beauty about credit spreads is that you can be wrong and still make money, as long as you’re not *too* wrong. + +$YOLO is trading at $300 going into earnings, and you wanna make a play. You have a hundred bucks. You think it’s gonna drop because it’s been *months* since $YOLO CEO called someone a pedo on Twitter, so you wanna short it. What’s your play? + +You go call credit spreads. You sell calls at $300 for fifty cents a pop, and buy calls at $301 for thirty cents a share. $20 goes right in your pocket, and you’re liable to cover exactly $100 in losses if everything goes tits up. + +Turns out you’re a retard and instead of drilling, $YOLO goes up ten cents a share. $300.10, boys. Now your guy’s exercising those $300 contracts you sold like “gimme my ten bucks ya bitch” but you’re good. Your broker buys them at $300.10, sells at $300, and you pay the ten bucks for your fuck up. + +You still have ten bucks from that $20 you pocketed at the beginning. You were *wrong* and you made money. + +This is perfect for you, because you’re gonna be wrong a lot. + +Let’s say you’re *really* wrong, though. $YOLO CEO calls the entire country of America a bunch of mouthbreathing titfuckers during the earnings call, and shit goes to $400. Now instead of coming after you for ten bucks, ya boy’s exercising like “but where’s my ten thousand, hoe ass hoe?” + +You only have a hundred bucks, but you’re good. You’re gonna exercise that $301 contract you *bought* like “where’s my $9900, bitch?”, then you only have to pay the $100 difference. + +You *still* keep your twenty bucks from the sale. + +Now you’re a fucking expert, go lie to your broker and get level 3 options so you can lose all your money. +- I recently made a post that got over 17k upvotes, but it doesn’t show up in my Superstonk feed even though my other posts show up. + +- when I klick on top posts of the month there are absolutely no posts available + +- I only saw one post at „hot“ of Larry Chang and the rest is all posts unter 20 upvotes - is it the same for you? I can’t imagine that in 8 hours no one posted something that got a few more likes + +- even when I switch to the official Reddit app my own posts in superstonk aren’t even visible on my profile. I have several posts with thousands of upvotes in superstonk but I can’t see them. + +Do you have the same experience as me or does everything function normal for you? And can you see the posts in my profile? +I bought 10 of these calls, admittedly, while the IV was way too high. Now with double click day and earnings coming up, I expected IV to be a bit higher. + +When, if ever, could I expect to see a jump in IV. I'm all too familiar with the crush already +So I nailed the interview. I was surprised by how much of the questions you guys stated was actually asked of me. now i am invited for a second interview, a finance/excel test. I am actually going to have to walk them through a financial analysis of an energy company which i would invest in. Ask away people :). Ask me questions that you would expect an entry level equity analyst should know. Hold me to a high standard please. + +original post:http://www.reddit.com/r/finance/comments/148275/you_are_interviewing_a_new_grad_for_an_equity/ +I'm interested in hearing some perspectives from people with Finance careers. Do you have any regrets about choosing a career in finance? Do you wish you worked in a different area of finance? Do you wish you had more education in any particular subject? +I have lived and worked outside the UK for the last five years. I have decided to return to the UK and I am now looking for homes near my future workplace but wondering how best to approach banks/brokers for a mortgage? It's hard to find information on this online and I am wondering if anyone on this subreddit has any experience/advice for this? +I came across this sub recently and really do like the concept behind fatFIRE. I'd like to set a goal to achieve somewhere from 2 to 10 million USD in net worth by the time I retire, but I'm having a hard time defining that savings goal. + +Simply put, I'm having difficulty relating the quality of lifestyle I'd like to aim for to however much I'd need to save for it. **Whats it like living on $200k or $400k in yearly expenses, compared to $100k or $50k?** For those of you that have achieved FIRE already, what do you live on and what are you able to do freely under such a lifestyle, including things like travel, dining, hobbies, etc.? + +Sorry if this has been asked before or is the wrong place to ask, tried to research this beforehand but couldn't find much. +Hi, hoping on opinions on a portfolio I've developed (with the help of a fee-only financial adviser). Canadian resident. Not sure I'll live here forever, considering living abroad and will be travelling a lot. Money is mostly from an inheritance. Long post ahead but I appreciate any help. + +I'm a bit torn on how big of an equity allocation I should have. On one hand, considering my young age and low WR (about 0.5% currently, will probably creep up to about 1%) I could probably justify being very aggressive (\~80-90% equities), but on the other hand I'm not sure how much I really have to gain considering I'm already financially secure, and I don't think I'd be comfortable with a 40%+ drawdown. For this reason I've decided to go for a bit more of a wealth preservation route while still allowing for growth and am 60% equities (counting REITs as equities). I think if the markets had a large crash (>30%) I'd consider moving some of the long term treasuries into equities for a 70% equity position. + +**Stocks - 50% (6M)** + +**20% VTI** (All cap US ETF) + +**10% VCN.TO** (All Cap Canadian Stock Market) + +**10%** **VDY.TO** (Canadian Dividend Stock ETF) + +**5% VEA** (Developed International) + +**5% VWO** (Emerging Markets) + +Highest MER is .22 and Collective MER is .085%. I'm over weighting Canada (and even more heavily overweighting dividend stocks) as there are significant tax benefits for canadian qualified dividends, and less currency risk. This would leave me quite weighted in the Canadian Financial sector which worries me a bit, but with the current yields they pay and the qualified dividend tax benefits, it feels justified. My marginal tax rate on Canadian dividends will be roughly \~18%, whereas on US dividends, when including 15% withholding, the marginal tax rate is >50%. + +**Fixed Income/Cash - 30%** + +**5%** **ZAG.TO** (Canadian Bond Market ETF) + +**5% LQD** (Investment Grade Corporate Bond ETF) + +**15% VGLT** (20+ yr Long Term US Treasuries) + +**5% Cash** (Short term money markets, tangerine at 2.75% for 6 month promotion then schwabb after) + +Low MERs a priority, any reason to complicate this more? Gives me exposure to Canadian bonds, corportate bonds, and a large portion of US 20+ year treasuries which seem to correlate low with the US stock market (a positive). Large cash position because the yields are quite comparable to bonds/GICs and the liquidity is nice. I've considered TIPs for more inflation protection but gold/commodities may be better as an inflation hedge? + +**Alternatives - 20%** + +**10% VNQ** (Vanguard Total REITs), + +**5% VCMDX** (Commodities) + +**5% Gold** (SPDR Gold Trust Shares) + +I used to be against gold/commodities (no real return etc.) but after speaking to a few financial advisors I've been convinced to include a small holding of each to reduce volatility. If my returns lag the equities markets a bit but I reduce my volatility by holding them then I'm on board. + +I don't currently own a house, but am considering it. Even if I travel a lot I wouldn't mind having a home base, but I don't like the idea of buying a condo (not as much appreciation, condo fees, special assessments, etc.) and a house to live inner-city would be quite expensive around 2M. In Canada you cannot write mortgage interest off against earnings so there isn't much of a tax benefit there. However primary residence have 0 tax on earnings if I were to resell in the future. Still deciding on this, if I do decide to purchase I'll probably reduce my REIT, and canadian equity positions a bit to pay for the down payment. + +I do think I want to work at some point, but with only 5 years of corporate work experience its feeling hard to justify spending 50+ hours a week for a yearly salary that would be less than 1% of my portfolio (im a mechanical engineer, only \~80k/yr). Work currently isn't very fulfilling. I'm considering aiming for an MBA at an M7 school (already have the GPA+GMAT score for a competitive admission) and then hoping to find a way to make decent money while working \~20 hours/week online, but maybe that's a bit of a pipe dream. Regardless, for the portfolios sake, assume I have no other income for the rest of my life and am FIRE. + +**Critique away please,** I'm not overly attached to any element of the portfolio so if I am making any major asset allocation errors then feel free to let me know. +For those of you who took a hiatus that paid off (no regrets), what did you do? How long was the hiatus? Maybe you didn’t even go back to work. How old were you? What was your NW? Why did you take it? + +Generally wondering how it went and the details around it. +29 with two companies in professional services industry. Built these businesses over last 6 year (first one is 6 years old and second one is 2 years old), Currently taking home around 180k per annum and expect this to grow as follows over next 3 years; year1: 240k year2: 290k year3: 320k. + +Current Net Worth is 1.7mil which includes a 1mil mortgage free home. I live well within my means and don’t spend too extravagantly. + +My issue is that every time my income increases or we have a record turnover month in one of my businesses, the joy is short lived and I start getting upset that it’s not more and that it should be more. Especially when comparing to HNW individuals. + +The combination of work stress and the ‘grind’ to grow these businesses over the past 6 years brought me to burnout earlier this year which took me 4 months and medication to recover from. + +I have since learnt how to ‘switch off’ from my work mentality when I’m at home or not at work and to be more present. + +I don’t particularly ‘love’ what I do but then again I don’t think there would be any profession I would ‘love’. + +I want to FatFire however I know the only way to do that is to stick it out with my businesses for another 10 years. + +I don’t know what particular advice I’m looking for but anything will be appreciated. +In Canadian listed names, who to you is a real deal disruptor(destructor), and why? Been trying to sniff out some new names lately but not finding luck. Hopefully some of y'all can help direct some of my capital in worthy names. + +edit: if you are unable to post due to mods opaque posting rules, send me a message and i'll copy paste. +Take a look at the ETF ASHR. It's down... **30%**. That is a large amount of money lost by Chinese retail investors. +During the rally on the way up, someone in my family was obsessed with Chinese stocks. He is/was certain that this was China's time to shine over the U.S. Even ETF companies were talking about adding a larger weighting on Chinese stocks. + + +Since then, 30% down. + +Such a monster drop is bound to have an affect on Chinese people who were counting on their paper gains. We see little real news from China... is there anyone on this sub that reads Chinese news and has read anything interesting about its effect on consumers? If so, please translate and share. + + +One effect might be lower investor demand for Canadian real-estate from China, or for any international real-estate. Similar to what happenned in the U.S in 2009. 30% really is getting close to the U.S financial crash. + +&#x200B; +Just started managing my own TFSA this spring, still feeling very green to figuring out proper DD of picking equities (and before you say "newb, just buy some broad ETFs!" I'm heavy in VDY and XEQT is coming up very shortly). + +Figured the Ukraine conflict would have everyone freaking out about energy products and I bought CNQ, which did very well. But I also was trying to pick long-term holds (or in oil stock cases, 2-3 years), I don't want to try and trade really frequently, just purchase good companies when the price is right. Watched it hit $84 in May and then tumble back down. + +Since then I've added a bit of SOIL-TSXV as a flier (they should do very well if WTI prices stay anywhere close to current). + +So tonight I just compared CNQ and CPG prices over the past months relative to WTI, and they are cheaper now than even before the war began. I know the obvious answer is a recession cuts consumption and oil prices keep trending down, but otherwise it doesn't seem like a lot of new production is going to be in place over the coming months: [U.S. Energy Information Administration - EIA - Independent Statistics and Analysis](https://www.eia.gov/todayinenergy/detail.php?id=52879) + +So what say you? Would you buy more Canadian energy stocks these days? +Take a look at the ETF ASHR. It's down... **30%**. That is a large amount of money lost by Chinese retail investors. +During the rally on the way up, someone in my family was obsessed with Chinese stocks. He is/was certain that this was China's time to shine over the U.S. Even ETF companies were talking about adding a larger weighting on Chinese stocks. + + +Since then, 30% down. + +Such a monster drop is bound to have an affect on Chinese people who were counting on their paper gains. We see little real news from China... is there anyone on this sub that reads Chinese news and has read anything interesting about its effect on consumers? If so, please translate and share. + + +One effect might be lower investor demand for Canadian real-estate from China, or for any international real-estate. Similar to what happenned in the U.S in 2009. 30% really is getting close to the U.S financial crash. + +&#x200B; +Most of my investment money is in US companies, and after the recent dip I held off from doing anything (regrettably didn't buy but also didn't sell). + +I'm thinking I should probably allocate some of my money in a Canadian company, but I have no idea where to start looking. I will do my own research but would be interested in getting a few companies I could look into. + +Thanks! +I'm learning so much here and appreciate how much patience the regulars have with all the newbies these days. Incredible. + +Thank you, and may we all live long and prosper. + +(I'm not saying this "May the 4th..." crap because I'm entirely sick of hearing it from all the Star Wars nerds in my circle of friends.) +I'm not particularly into gold, much more interested in well run businesses selling for a good price. + +Disclaimer- I'm not WILDLY stoked on this stock, I think it's a solid investment and a good way to play the gold market with a minimum time horizon of 3 years. I also don't see anyone talking about gold- so here ya go, some gold stuff. + +I originally posted this with a link to a seeking alpha article- it's a solid breakdown on the company's current outlook but reddit shut down the link- it was published on Thursday Feb. 25 and is titled 'Kirkland Lake Gold : Don't miss the Detour for the Fosterville' - if you'd like to take a look. + +A few things I like about KL + +\- Management has proven to be very effective for years, just under \~20% ROIC average over the past five years. + +\- Five year average revenue growth \~45%/year + +\- Free cash flow TTM 633 million with a ridiculous rate of growth + +\- Their TTM operating income of over 1.2 billion represents almost 60% of revenue (gross margin) + +\- They have a lot of cash, 847 million on their balance sheet (which will be used for aggressive growth and opportune share buybacks) + +\- Compared to other miners, their growth/ return on investment are excellent - I compared KL to other major gold miners and I think they have the opportunity to grow faster, while still being a pretty large stable business. (based off their reserves and current output) + +\- KL mines in Canada and Australia, relatively safe places politically + +\- It's current price looks undervalued, I think it's oversold. I think their current share price is over-correcting from their high, though I won't be surprised at all if it continues to drop. + +What I like about gold + +\- Really, I'm pretty surprised by the lack of 'inflation' talk, I'm sure many will disagree (and that's good), but I just see no way of escaping inflation with the level of printing and debt we're experiencing today. I think the market is projecting an extremely optimistic view of recovery. + +\- The economy has been wrecked, so many small businesses are gone, so much of the economy is being held together by stimulus. I expect, in order to recover from all this spending and the halting of so much of the economy, we will go through a period of recession (maybe it will take a while to get there, but I'm investing, not trading) + +\- Bottom line, I think gold will generally trend up over the next few years (or at least stay within a strong range). I do think gold will maintain its use as a store of wealth for plenty of time to come. + +What I don't like about KL + +\- I don't know where the bottom of this drop will be (I have a very small position now, started last week, and will likely add if it continues to drop) + +\- Fast growth, they aren't proven as a mainstay in mining for very long at this price point, this is a risk, but given their reserves, I think they're reasonably stable. + +What I don't like about gold + +\- Definitely some speculative nature to buying into gold, but I like that it's been such a strong asset for so long + +\- I don't know where gold will go! But, company estimates are done with gold being much lower than it is now, and really I expect as we come out of covid there will be some hiccups, at which point I expect gold to rise. I think it's highly unlikely we progress out of covid and make up for the economy/printing without some major repercussions- I expect people to turn to gold as a hedge. + +\- Is the price high, is it low? I don't know, but I'm comfortable with a small part of my portfolio in gold related assets. + +So, I've chosen KL as my (very small) position in gold. I think it's currently at/near a solid entry point though I do think it can drop more before the trend reverses (it's a bit of a 'catching a falling knife' situation for some- but I think it's currently undervalued so I'm good getting in with a small position now). + +With a basic DCF assuming growth continues as it has then evens out after a few years to match the greater economy, I see KL as worth at least $60/share, that would give it a market cap of 16 billion. + +Bottom line, I like KL's growth and its ROIC, both intrinsic and relative. They point to solid management and given their reserves and the likelihood of political/economic challenges arising from covid and anything else, I think having a portion of gold related investments is good. I think KL will continue to grow and I think over time gold will continue trending upwards. +So since he wants to be an ape so badly, how can I resist? + +I set up an etoro account together with him, deposited the money and we will buy his gift, 2 GME shares, as soon as the market opens. + +He told me his floor is 1MM, so he is in to HODL + +Edit: 🚀🚀👐💎 + +Edit 2: We got the shares! He had some cash on the side aswell so we put it in aswell. Turned out to be 6,66 shares on discount. lmao + +&#x200B; + +https://preview.redd.it/2kupyg20a5t61.png?width=880&format=png&auto=webp&s=2274ccf832629f98f0b38272c9e899249db6536e +While they are trying to improve connections to NYSE and the CME, why on Earth would you move to somewhere that there's not a lot of trading going on? Mostly there's a lot of people connected to South America, let's look at the [Miami Stock Exchange](https://www.investopedia.com/terms/m/miami-stock-exchange.asp#:~:text=The%20Miami%20Stock%20Exchange%20\(MS4X\)%20is%20a%20regional%20exchange%20that,Latin%20American%20and%20Caribbean%20Exchanges.) + +Just remember that there's a lot of [strange PUTS](https://preview.redd.it/7qs66ryx22e71.jpg?width=960&crop=smart&auto=webp&s=55fa2e0cc5bae5f0f4fa67b9af0273d7ced816bd) with GME, and perhaps other stocks if we'd take a closer look. + +Is it possible that Citadel is on the predator's ball to get people to move their derivatives to exchanges in South America? Is it possible that they are running their swaps through South America to avoid some sort of oversight? + +I started to think about this after hearing about the latency arbitrage case with Citadel as well as watching some [lectures from Brad Katsuyama CEO of IEX, which also included discussions of SAC involved with Algos for HFT](https://www.youtube.com/watch?v=0eqqCwhPlyU). + +@[6:54](https://youtu.be/0eqqCwhPlyU?t=409) on his lecture Brad even mentioned why it makes sense to be geographically closer that allows HFTs to scalp orders. + +Bonus feature tinfoil hat rabbit hole; @[10:02](https://youtu.be/0eqqCwhPlyU?t=602) Brad mentions how Toys R' Us had a cabinet located right beside the exchange +I have a lot of tech stocks (please no lectures on diversify. I know. But I can't diversify when my holdings are thousands in the hole). + +Anyway, my biggest holding (dkng) has gone down virtually 10 straight trading days. 1 of those were green but by 13 cents so not much of a gain there. + +The problem is, I've been using margin to average down because I honestly did not expect it to get this low. I'm now pushing margin limits and need some expert advice. What to cut. + +My biggest bag holders in order are... + +DKNG (-23% down, $54.89 CPS) +PLTR (-19% down, $23.11 CPS) +SFT (-15% down, $9.16 CPS) +PINS (-13% down, $65.95 CPS) + +DKNG is 55% holding, PINS is 22%, PLTR 8%, SFT 5% + +Needless to say, DKNG is the problem. I'm holding a lot and it's down the most. I used to believe in the stock, but now I don't know what do believe. + +So my question is... + +Do I just cut the cord and drop dkng before it drops to $20-25. Do I cut PINS? I can get rid of PLTR AND SFT but that won't help my margin deficit much. + +Or do I continue what I've been doing and shaving 10 shares at a time off either dkng or pins when margin gets close to max and just hope this crash stops soon? + +Serious suggestions please. No lectures. I know my mistakes. I just need to figure out the best way to mitigate my losses. + +Note - I don't need this money right now. I have another non-margin account that I never look at because I have all the time in the world for the stocks to rebound. But I'm racing against margin on this one so I'm wondering the best way to handle it. 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. + +Has anyone got any experience with swiss private banks? I contacted some of them and don't really understand all the fuss. They offer some underperforming proprietary funds with exobirant fees und crazy expensive accounts and cards without any real perks. + +After comparing conditions looks like as a European I can get much better conditions using a combination of IB and my normal local bank. + +Am I missing something here? My NW is about 10m, is it getting more attractive at some higher level? +Up until now I’ve had fairly simple tax needs but am planning to do some more interesting stuff and am looking to get a CPA who specializes in some of it. What do you folks pay for tax advice and preparation? Is it typically billed hourly? Do you care about face-to-face time with them? +I'm a film/TV director who is doing pretty well financially, but not as well as the high-powered agents and attorneys who represent me. I'm definitely working a lot and making money for them, and they advocate for me like crazy, but I'm certainly not one of their high-end clients. I've heard that gifts from non-rich clients can cause feelings of guilt in reps, and that a hand-written card is preferred. Also, they get inundated with many gifts they don't want. For a while I was sending $100 bottles of wine that didn't seem to garner much enthusiasm, so I switched to gourmet cookies, which seemed to go over slightly better. The assistants always seemed very appreciative of the wine and cookies I gave them. After doing some research, I've come up with the below options, and I'd love to know which option you would pick in my shoes: + +1. $100 cookie/wine-type gifts for reps, $50 cookie wine-type gifts for their assistants (what I've been doing so far). +2. $50 cookie/wine-type gifts for reps, $50 cookie/wine-type gifts for their assistants (since my reps don't seem to care that much about their gifts anyway--why not save money?) +3. Some variant of 1 or 2 but with the following options instead: Harry & David fruit, olive oil, luxury candles, something else +4. Hand-written cards for reps, $100 Amazon gift cards for assistants (It may seem that the Amazon gift cards would clearly be the preferred choice, but a peer told me that assistants are aspirational, and they like getting the same type of luxury gifts that their high-powered bosses get) +5. Hand-written cards for reps, $50 Amazon gift cards for assistants + +My ultimate goal is to make all of my hard-working and dedicated reps (and their assistants) feel happy and appreciated without excessive spending on my part, since I'm trying to save. The $100 bottles of wine really did feel like throwing money out the window. + +Thank you! (And apologies for deleting and reposting--I worried maybe this was inappropriate for this channel but then saw I got a very helpful comment right after I deleted). +[Tonight Congress made history by sending the first cannabis focused bill to Joe Biden's desk.](https://www.marijuanamoment.net/senate-lifts-hold-on-house-passed-marijuana-research-bill-with-expedited-vote-expected-soon/) + +> Just weeks after President Joe Biden issued a mass marijuana pardon and directed a review of the drug’s scheduling status, the U.S. Senate approved House-passed bipartisan cannabis research bill on Wednesday. It marks the first time a standalone piece of marijuana reform legislation has ever been sent to the president’s desk. + +> The bill “would eliminate the red tape that hinders cannabis research, opening the door for new innovative treatments derived from cannabis,” Schumer said ahead of the vote. “If you’re one of the millions of Americans who deals with conditions like Parkinson’s or epilepsy or post-traumatic stress, or any number of other conditions, cannabis might hold promising new options for managing these diseases.” + +> Just before the vote, Senate Majority Leader Chuck Schumer (D-NY) said on the floor that he is continuing to have “productive talks” about a broader package of cannabis reforms he hopes to pass before the end of the lame duck session. + + +I'm long $MSOS and tier 1 cannabis MSOs +Last night I was checking out my remaining student loan balances and noticed that for some reason my autopayment for the month of March was changed from the normal amount ~$500 to the minimum of ~$50 + +I called up and they fixed it immediately, and sent the issue to their software department, but if I hadn't checked I would have been paying the minimum for who knows how long. It would have extended my payment period potentially by years! +I received a gift card from a relative and when I went to register it, it turned out somebody had already used the money on the card. The dates of the transactions were between the day of loading the card and my registering of the card. The card packaging didn't look like it had been tampered with, but my relative doesn't have the receipt. What should I do? +I am the lucky recipient of a Swiss fellowship to do research in the U.S. This will pay for my salary for 1.5 years. It is about 68,500 CHF (swiss francs) per year (approximately 77,078 USD). They will transfer this to me in annual installments via international wire transfer. I have an account at Wells Fargo. I read that Wells Fargo charges a markup at their discretion in converting the currency from CHF to USD. How much will I lose in during this wire transfer? Do you recommend that I ask the Swiss Fund to use a different service or for me to sign on with a different bank so that I don't lose money? + +&#x200B; + +edit: I just called the Wells Fargo line for foreign currency wire transfers to inquire about the Wells Fargo's exchange rate at this moment. It's 1CHF = 1.0866USD (74443.1USD) compared to google's reporting of 1CHF = 1.13USD (77405USD). So I would actually lose 2,961.9USD. That kinda sucks. Am I processing this information correctly? + +&#x200B; + +edit2: Thanks everyone for your input and advice. I've been reading it all. I may request to the fund to transfer the fellowship to my fiancé's Swiss account. Then transfer this in USD to my account. The foreign exchange rate markup is much less at my fiancé's swiss bank (max \~1.7%). I highly doubt the Swiss Fund would be willing or able to use other services besides a wire transfer. +Obligatory disclaimer: I am not an expert, nor have I been doing this long. I'm also rather poor. If you wish to award this post, please also buy a GME share or something at Gamestop. + +Obligatory emoji: 🚀 + +Obligatory position: GME 266 shares @$36.54 avg + +Before I get into this, I need to say two things first. One, shorters will keep shorting, they're in too deep. Second, they will also do their absolute best to make ANYONE ELSE sell or short too, and they've had years of practice on how to manipulate people. + +# Reason 1: GME is a mall-store blockbuster (no future), will cite earnings reports + +Please see this [very extensive Due Diligence (DD)](https://www.reddit.com/r/wallstreetbets/comments/kz7ygv/gme_dd_one_dd_to_rule_them_one_dd_to_find_them/) along with this [fascinating new development](https://www.reddit.com/r/wallstreetbets/comments/kypuyb/gme_dd_buildapc_kiosks_coming/). + +GME is on a trajectory to do some pretty cool things, even without the short squeeze that has everyone excited. Long buyers are in. + +&#x200B; + +Most likely things they will cite are: + +1. Total sales declined 3.1% in the holiday sales report +2. Large 3rd quarter sales declines (pre-covid vs post-covid the most likely cause). +3. Closed 11% of stores (which they did to cut underperforming stores, and because their stores are FAR too dense, especially given an increased focus on E-commerce) + +&#x200B; + +Most likely things they will intentionally leave out: + +1. Comparable store sales increased 4.8% in holiday report (so, decrease likely because of store closures) +2. E-commerce is at 34% of company sales, equivalent to Best Buy percentage (and growing rapidly, and more rapidly than Best Buy) +3. Regional sales in Australia/New Zealand (no covid) went UP 31% + +&#x200B; + +# Reason 2: Insiders are selling + +This is true. But here are the facts that they will leave out: + +1/12/21-1/13/21: Hestia Capital (whose managing member is Wolf Kurt James) sold 945,550 shares of GME for this reason "in order to better align with the maximum concentration guidelines for single stock investment of Hestia Capital". The fund still owns 91,000 shares and Wolf Kurt James PERSONALLY AND DIRECTLY still owns 50,689 (including 20,000 of his wife's shares). + +Also, + +1/13/21: Dunn Lizabeth sold 5,000 shares of GME. She still owns 57,258. + +1/13/21-1/15/21: Raul J Fernandez sold 31,119 shares of GME. He still owns 29,289 *\[updated\]* + +1-13-21: Kathy P Vrabeck sold 50,000 shares of GME. She still owns 79,537. + +The forms regarding the previous 3 people's sales were all filed by Dunn Lizabeth, suggesting that they sold as a coordinated choice. Also, all three of those people are NOT on the Board of Directors as proposed by RC Ventures (and conditionally agreed to by Gamestop, an agreement they'll almost definitely keep given the huge increases in share price upon RC Ventures' buy-in and policy changes that RC Ventures has strongly suggested/recommended) + +Source: [SEC Filings](https://sec.report/Ticker/GME) + +&#x200B; + +# Reason 3: This is a pump and dump sneaky nonsense by WSB + +First, lol. The people on this sub don't have anything like that sort of buying power (especially not if we take out the people that actually believe in GameStop). More importantly, see reason #1 (especially the part about outstanding short interest). + +&#x200B; + +# Reason 4: The short squeeze has already happened + +Now here, I expect them to throw up some really shady data analysis looking at shares shorted or available to short or short interest % of daily trading and try and pretend like that number really means that the shorts have already covered. Here's the important data (there's some in the DD in #1 as well). + +First, [Short interest was higher than float as of EOD Friday](https://www.reddit.com/r/wallstreetbets/comments/kzwo2z/gme_short_interest_declined_to_71m_and_some_other/), meaning it would take DAYS of trading to cover. We'll see updated numbers for Tuesday soon. Short interest actually INCREASED during the Wed-Thurs time that Citron will likely try to say was the short squeeze. Now, these are Ortex estimates based on the self-reported shares short at a large aggregate of brokerages, but have been very reliable when compared to the official SEC data that comes out every half a month. + +The point being that it is extremely, extremely likely that shorts HAVE NOT covered, and have in fact DOUBLED DOWN ON SHORTING TO DRIVE DOWN THE PRICE. Meanwhile, it is further likely that long buyers have locked in MORE shares so the real % short/float is higher than we would expect on the assumption that every float share is really not locked down. + +&#x200B; + +# Reason 5: More shares traded than are short. Meaning days to cover is not close to accurate. + +This is absolutely true. Days to cover is based on an average of the daily volume over the past few days. What they will say is that because daily volume is higher then shorts can cover very easily. Here's two reasons I disagree: + +1. the volume shorted over the past week has consistently been around 30%+ of the daily volume. Therefore we can discount 30% of the volume as that has no net effect on the number of shorts. +2. any increase in volatility of a stock will lead to increased trading. That means more sellers, but also more buyers. The days to cover metric is based ONLY on volume. That means that it assumes that every share bought is bought to replace a shorted share. That is unlikely to ever be the case, especially in today's market which is saturated by retail investors because of trading apps. They're using 1900s math in 2021. + +# So what will happen? + +**THIS IS A GUESS. But, based on the sudden vanishing of shares available to short at IKBR at approximately the same time as the Citron announcement, I suspect tomfoolery. In addition, Citron just started doing these "twitter Live" things two days ago. Yes, GME wasn't the first one, but it's still a very recent new thing. At the same time, GME has had some barefaced manipulation these past few days on this sub and elsewhere in the media, not to mention the likely** [months of naked shorting](https://www.reddit.com/r/wallstreetbets/comments/ky9mu0/gme_comrades_115_update_27_consecutive_days_on/) + +Option 1: we have a repeat of Friday where shorters will try to immediately and early smash down GME price in hopes that it will keep going down after starting that trajectory. They can do this because SEC Rule 201 expires after today (so they can short on a downtick again). + +Option 2: Shorters will first allow stocks to rise as they did today. Then at around 11:30 (+/- 1 hour), GME will start to tank. If it was me, I would time it and hit it very hard so it hits -10% for the day (the furthest they can push it by shorting on downticks) as close to the Citron announcement as possible, with the hopes that that livestream will then push retail shorters to short more or paper-handers to sell. + +This is all assuming no input from Ryan Cohen or GME, so any kind of announcement or tweet would throw a wrench in my predictions. Especially if Option 2 is right and they timed it for a mid-morning peak (before the Citron livestream). + +Edit 1: updated insider selling numbers after new form 3 filed Edit 2: changed reason #5 to a real reason + +Edit 3 (Update): I believe Citron's strategy to be the same. However, based on the high level of negative feedback and rather aggressive commentary from this sub and others in the last day, combined with all the other above reasons, I expect a much more thorough bashing of WSB. When someone can't attack you on the issues, they will attack you on you, your thoughts and your actions. +I hope my story will help some of you to never repeat my mistake. + +I just got scammed the way I never even thought is possible ( some of you might heard about this but I never heard until today). + +Decided to cash some money out thru Coinbase, logged-in and copied BTC wallet address thru built-in Copy function as it shows on the screenshot below. + +Logged in Binance to sent the BTC to Coinbase and just pasted the address from the buffer without second thought. Pushed the transaction. 1hour later I realized that its different address and only first 4 symbols are same. Somehow my copy-paste buffer changed the address from right one to wrong one. + +Money lost. No way to recover it. Please dont repeat my mistake do not blindly trust to copy-paste buffer , your computer could be infected with malware that swaps addresses and it will be too late when you realize that. + +P.S: + +Since Coinbase not showing whole address and first 4 symbols were the same it was very easy to overlook + +P.P.S: + +heres the "wrong address" [https://blockchair.com/bitcoin/address/36cZUcWME52EF33Af8a6JCdm233jgmViXd](https://blockchair.com/bitcoin/address/36cZUcWME52EF33Af8a6JCdm233jgmViXd) you can verify with a screenshot that first 4 symbols are same and last 4 hidden. + +&#x200B; + +&#x200B; + +Edit: + +Please , I\`m not trying to say that this is someone else\`s fault ( I totally understand that its my fault and take ownership of it) .I shared this experience for educational purposes, so newcomers or someone who never heard of such malware would not repeat same mistake. I\`m not getting anything from it, no need to tell me something that I already know. It is my fault I agree and not blaming anything/anyone besides of myself. + +https://preview.redd.it/qykt68tmaaj51.png?width=373&format=png&auto=webp&s=3489695e1c2e4b1d6a61d615568e20e7580ff97d +Tried to teach me about investing and none of it made sense at the time. I was young, naive, and stupid. I’m now 35 and still just stupid. + +I really want to start doing my DD on companies with dividends but don’t know exactly where to start. If anyone has guides or suggestions on websites I’d really appreciate it! + +Edit: Thank you all. Was not expecting this much useful information and I’m sorry for leading you all on. You’ve gotta admit it though the misleading title worked! +Hello everyone! + +I am 23 and just graduated from college. I am starting my first job in a few weeks and I am planning on investing around 30%-50% of my salary each month in a dividend stock portfolio. I have been interested in investing for the last few years, watching some videos, reading blogs and reading books about dividend investing, so I know the basics of investing. I also plan on investing 10% of my salary on a retirement account based on the S&P500. + +Do you have any tips or general guidelines I should follow? What stock screener do you use to make your stock picks? Are there any YouTuber or blog or book that you recommend? + +Thanks in advance! +The declaration date is usually the last day of every month and the payment the first week of the next month but I haven't seen anything yet from July/August? + +[https://www.nasdaq.com/market-activity/funds-and-etfs/jepi/dividend-history](https://www.nasdaq.com/market-activity/funds-and-etfs/jepi/dividend-history) +I am a 30 year old nurse with almost 200k in savings. I worked very hard to save this money (living below my means and 100% financially independent since age 23). I was thinking of buying property in Melbourne, but given the turn in our still grossly inflated housing market, I have a bad feeling about buying at this point in time. Having said, having the money sitting in the bank is not a good idea either. What should I do? +By then [you won't have to "cash out''](https://gyazo.com/e0a60a34cf54c0041e35d11c513803c6). + +And the ones saying: "You should be taking profits" ...get it even less. + +Here's my projection: + +> As many smart people like Mr. Saylor and Mr. Musk have pointed out, it's very irresponsible for any individual or business not to own any Bitcoin. +> +> People who don't own any Bitcoin will be laughed out and shamed as fools and ignorants. +> +> People hate that, so they will come in slowly... then all of a sudden. That's when the next FOMO "bubble" will come and will take Bitcoin over 300K on this current cycle, to then maybe "crash" back down to around 90K (although with all the institutions lining up , and then later governments also buying, I doubt we see over 30% corrections any more). +> +> The next halving/cycle will take ir over 1 million, following the S2F chart as it always has. + + So **I will NEVER sell my Bitcoin** for worthless, ever-depreciating, printed-to-infinity government coupons/IOU's... and pay enormous taxes that go to kill children on the other side of the world on top of that. +> +> For the first time ever we have real independent money, that I alone can decide where to spend and how to use. If for whatever reason I need fiat to buy something from somebody who refuses to accept Bitcoin (I wouldn't buy from them in the first place), I would borrow against my BTC as last resort option. We have that option already with many lenders, the one I trust right now due to the people behind it is Blockfi. +> +> Selling Bitcoin it´s like selling prime real estate you owe in Manhattan. You never sell that, neither your children and grand children. It's meant to be kept for ALL generations to come, forever, till the end of times. You can borrow against it, use it as collateral. +> +> You never sell something that will keep appreciating in value forever. + +> "Not selling to fiat and hodling Bitcoin *IS* taking a profit". +Today was our last day of work. We said many fond farewells. I had to pretend to be very sad because being unemployed sucks. I couldn't tell anyone that I could probably stop working right now and I'd be fine, so I'm telling you. + +I actually had an interview this morning, which is insane, but I couldn't tell anyone because, well, I didn't want to be rude. I've had several phone calls, I've sent out a pile of resumes, and my phone is blowing up with messages. So I think I'll be OK. But most importantly, the lessons learned of FI, the emergency fund, the 401k saving, the whole living below my means thing, the driving a 20+ year old car thing, all added up to one great big awesome time. I could have been crying like my coworkers, but instead all I had to do was pretend to be sad with them. + +And I'll likely never see that asshole I had to deal with every day ever again. I was thinking that would happen when I hit my number, and it did - I hit my number around the same time I was laid off. I'm going to get another job only because I want some padding, and I want medical coverage, but I'm in a good position to take my time and think carefully - not a place of desperation. + +None of that would be possible if I hadn't taken all the steps necessary, made all the sacrifices, to reach for an FI goal. +Basically, trying to make an extra 400-500+ per month, but need a completely flexible schedule. So jobs with set schedules are out. + +I already rideshare, and not sure I could do real estate (I had a hard enough time selling cars). Also not really artsy, so stuff like Etsy is out. + +Thought about doing a parking lot trash collection side hustle for businesses, but doubt there's any market for it. +No great insights here, just thought I'd share my musing on predicting the market. I'm 59 now and I've been conscientious about investing ever since I got out of school. Throughout my career I've always had "bright" coworkers who felt they could time the market. I remember one friend in particular who boldly announced that the market was overpriced and he was taking his money out of the market. When was this? 1995. What was the S&P then? $580. (Currently \~$3100) I'm sure my friend got back into the market eventually but he missed out on a great run. + +My investment strategy has generally been S&P Index and just buy and hold. In the 90s I watched as "experts" spoke of the "new economy" and how 10% return was the new norm. I went through the dot-com bust in 2000 and housing crisis in 2008. It has been a ride but I can't complain about the overall performance. One common theme in my years in the market is just how bad financial advice is. I can't count the number of times that I've heard that the market is over valued and we are due for some big correction. When it doesn't happen I'm told that those predictions are right, it will happen, just wait a little while longer. + +More recently, do you remember the fall of 2018? The market dropped from $2900 to $2500. A friend of mine was new to investing and she attended a seminar by a big investment firm (sorry can't remember which). Their presentation was very negative. Bear market, change asset allocation, etc.. This was in December and in January the market came back to new records. It is clear that these experts were just looking at near term trends and had no actual insight. + +So then COVID19 hits and the market really does go through a correction. The market went from 3200 to 2600. That was a buying opportunity! How many of the people that felt the market was overpriced do you think got into the market at that time? My sense is very few. The expert advice was that the market was going to continue to drop and these people sat on the sidelines waiting for that proverbial bell to ring to tell them the market had reached a low. +So may 2022 my husband and I paid our mortgage by phone . By mid May we noticed the payment still had not been removed so we called out mortgage company (truist who bought our our previous lender) and they said we paid . My husband spent several hours on the phone with our bank and the mortgage company . The bank said no payment has been removed and the lender insisted that it was paid. My husband made another payment at this time on the phone with the rep. Fast forward to June and no payment has been removed. I log in online and see the payment on may 16 was reversed , there’s a late fee , and now two months of mortgage is saying it’s due. Ok …I make full two month payment . Husband calls lender they say they will dispute the charge internally . Later that week I logon to my bank and see my credit score has gone down from a to a c ! Low c ! And then I see that truist reported my mortgage payment as late ! I call back and they said they have denied the dispute because “the wrong bank account was entered during payment “. I explain I have paid my mortgage on time for 7 years that even if that did happen , we tried to re pay the mortgage mid month . They said they would file another dispute and then rejected that new dispute . + +What can I do ? I’m also shocked that one late payment made my credit go down that far , my husbands also went down 100 points. Really sucks when we try to be responsible and have worked hard to have good credit . Then this . + +Edit : I have spend hours on the phone w the customer service and so has my husband and they just keep saying they can’t help us and no manager ever calls back . +**Tl; Dr:** I was messaged and told I was a terrible person for promoting GameStop and so I decided to figure out why I was so bullish about the company to ensure I was not in an echo chamber. + +**Turns out, I’m not in here with you, you’re in here with me (so buckle up).** + +I want to first voice my appreciation to a Reddit user who sent me a direct message suggesting that I should f\*\*\* myself after viewing one of my GME-related posts that made it to r/all. Honestly, this made me a bit sad as it certainly made me question what I was posting and why I was posting. After some introspection, I found that even after analyzing my investment and what I have previously posted on Reddit, I believe in what I have said. Based on that, I thought perhaps I would write this as an open letter to that individual to show I am not a robot or some horrible person trying to hand others my heavy bags of GME, but someone who legitimately believes in the company’s ability to do great things as well as that DRS is fighting the good fight against an unfair market system. + +I am not going to go unnecessarily into the technical detailed history of GameStop and how these events have transpired but instead I wanted to focus on my personal reasons for investing in GME. I think there is plenty of posts and articles to keep someone busy for weeks learning the ins and outs of the saga. Simply put, I have my reasons for investing and I am going to share those with you in this post. + +As we all know, GameStop was on its way to bankruptcy on what I would say is indeed a dying brick and mortar. While GameStop struggled with retail sales in light of transitions to electronic and digital delivery of gaming products, executive staff continued to reap personal benefits of failing to pivot and reposition the company to take advantage of advances during the new age of gaming and technology. The executive staff at that time failed to see that GameStop retained not only tangible assets such as an established network of retail locations with experienced human capital, but also non-tangible assets including name recognition and trust from the general public insofar as a legitimate company (we will return to this in a second as this is really important). + +Ryan Cohen entered as Chairman of the Board for GameStop which represents a pivotal change in dynamic for the struggling company. With Cohen’s track record of development Chewy.com into a leading e-commerce company, as well as a clear history of prioritizing the customer experience similar to Apple, light began to appear at the end of a very, very dark tunnel. + +As anyone reading this likely knows, GameStop utilized their extensively enhanced share price to sell shares insofar as to generate approximate $1.6 billion in liquid capital. Interestingly, in addition to raising this capital, GameStop boasts no long-term debt except for a covid-related low-interest loan from the French government (yes, I can remember that from every single earnings call). Taking a step back, if one were to tell me that there was a founder that had not started their company yet that involved even a single founder like Ryan Cohen with $1.6 billion, wouldn’t it be fair to suggest that they might be able to make something great happen? This is not even counting additional assets, inventory, staff, retail stores, etc. Let’s just say GameStop closed all of its stores and decided to start a new company with $1.6 billion dollars (and let’s even ignore the other assets or name recognition); would you consider investing? I certainly would be interested. + +Since this time, GameStop has clearly undergone a culture shift at the executive levels with numerous (100’s) of innovators and management staff moving in from various other high-level companies such as Google, Amazon, Chewy, with a large emphasis on blockchain technology. Further, many of the attracted candidates are largely being compensated with stock privileges as opposed to outrageous salaries (although still quite healthy, admittedly). It appears that some of the most experience, best, and brightest candidates were attracted to GameStop’s offerings and pivot, enough so to leave major corporations with more a perceptible trajectory already being top-tier in their industries. + +Sometimes, I think the first thing people think of with the word blockchain is NFT’s and currency. When they think of NFT’s, they think of expensive pictures. But this is simply an early stage proof of concept and what blockchain holds for us in the future is far more exciting and less seemingly outrageous. For example, a television studio just recently announced that they would be releasing their content as an NFT on the GameStop marketplace. Let’s just take a second and remember back to the good old days when you used to buy a DVD box set of your favorite show, let’s say “Friends” Season 7. By now, your DVD’s are scratched and you’re struggling to find a DVD player. However, now purchase your season box set as an NFT and you now own, in perpetuity, rights to that box set to be played anywhere (since permissions are on the blockchain in your self-controlled wallet). Further, you can resell that NFT just like you would sell your old DVD’s but instead of having to box them up, you just send them to the appropriate wallet address and you’re done. This is not about expensive pictures; this is about changing how society does business as both an economic system and a financial system. + +This is where we circle back to the intangible asset of trust that GameStop has which was overlooked by previous management. One of the problems in the cryptocurrency space is lack of trust and concern for information. I can certainly tell you that when I started trading currencies, I did not know the names of Coinbase, Kraken, or Binance, and while I read they were safe, I still questioned what I was doing. The masses that have even less technology experience than I will be even more apprehensive. However, I think the majority would say that they would be confident that a well-known corporation that is familiar to them for many decades, would be less likely to be a “scam” to steal their information (although they might recall horrid trade-in values). This trust is an unbelievable commodity and I am astonished when this is not brought up in the bullish case for Gamestop. Where obscure names have failed in the anxiety-inducing crypto space, GameStop can succeed if they can match or exceed the customer experience and offerings of dedicated crypto/blockchain firms. These firms cannot duplicate this trust asset which places GameStop in a unique position. + +Did you know that Superstonk has over 700,000 members? Now perhaps some of those are “bots,” fake accounts, “shills,” and whatever else there might be. But, think about those members differently. Think of them as not just shareholders but fervent consumers interested in the pivot that GameStop is making to the technology and blockchain industries. Between posts showing how proud users are of their DRS’d shares to receipt porn, you need to understand right now that these shareholders and customers are not going away. One time I posted that I did not spend two years of my life research GameStop to simply sell my shares and I would say this is true for many on Superstonk and other GME-related subreddits. The reality is, this company doesn’t just have over $1 billion dollars, no significant debt, name recognition, an all-star executive staff, inventory, and hundreds of retail stores to choose from (to keep open or close), but also at least 700,000 die-hard customers? What part of any of that is bearish? Even if you say you don’t believe in NFT’s, GameStop is also expanding their technology inventory and focus has shifted away from console and game sales but to overall technology sales. Who better to expand that e-commerce and retail focus than ex-Amazon and other top-tier company executives? For comparison purposes, Amazon was started with effectively $8 million out of Bezos’ garage. That’s about $15.3 million in today’s money according to my Google-Fu. If you had invested in Amazon 10 years ago, you would have made about 17,000%. + +I felt compelled to write this open letter not to necessarily defend myself, but instead, to clarify my thoughts regarding my investment. There are so many more factors at play even beyond what I discuss here, and even more unique concepts such as the “Mother of All Short Squeeze” and the valiant effort to direct register shares. I have a lot to say about both of those topics but I believe others have covered them quite well so I won’t step on any toes on that with this post. Read more about direct registration at [https://www.drsgme.org/](https://www.drsgme.org/). + +https://preview.redd.it/zuplpdtf7p591.jpg?width=500&format=pjpg&auto=webp&s=05f48a8197c836433474c6a07fd4934f09d86261 +I don’t know if you guys have done any research on TeamCoin yet but it’s got insane potential. Here’s what I know: + +1. The team is really strong. It’s led by Teamguy who we all know and love from his previous work at NeverLaunched and NoLongerExists. He’s brought in CoderGuy who we can all pretend we’ve heard of and who worked on GrinchCoin (which I’m sure you’ll all remember stole Christmas a couple years ago!!!). + +2. The whitepaper is incredible. It’s actually just white paper…with nothing on it!!! Imagine having an idea so big you couldn’t express it in words!!!! + +3. The market cap is super low on this one. Suuuuuuuppperr low. This one’s gonna move like Etherium if you locked it in a car with a rattlesnake that’s been injected with methamphetamines. The sky is the limit here. + +4. Trust me, I just learned how to mark-up stock charts with lines and stuff and there’s definitely signs of a double golden cross doing a triple axel into a Bob Evans any day now. + +5. The Project is based out of Tajikistan and is currently building relationships in New York, London and HK. Tajikistan is incredibly crypto-friendly so we shouldn’t expect regulation any time soon!! Also, most fortune 500 companies have been looking for Tajiki blockchain partners (I know this because my cousin works in finance and I also finance a lot!!) + +6. Their head of marketing is a Nigerian Prince! An actual Nigerian prince. Mind blown, right? + +7. The legal teams from Google, IBM. Microsoft and my ex-girlfriend’s parents have already reached out to these guys…for partnerships!!! + +8. Screw Lambo’s to the moon. I’m taking a DeLorean to Uranus! + +It’s just money guys, take a breath. + + +I read something that I would have to start with a USD 25k deposit. + +What else is a must for starters? + +Let's assume I can afford it but don't want to waste time and setup. + +Also, I do expect to be a net loser while learning the ropes. + +Edit: do I have to know the FIX protocol to code order management from my bot, or can I get away with some json etc? + +Edit2: for algo trading US stocks I must get an account at a broker who provides API access. Who do you know does that and how much would I need to deposit to get an account? Also, what are their fees in terms of mins and / or real-time data. +Today is the day!Bmo has finally put online its new ETF: ZCLN. With an introductory price of 30$. The ETF wants to mimic the S&P Global Clean Energy Index. In addition, it is cheaper than the ICLN. It is only 0.40% (MER). The fluctuation has been low since this morning. Lets the ride begin! + +[https://www.bmogam.com/ca-en/advisors/zcln-bmo-clean-energy-index-etf/](https://www.bmogam.com/ca-en/advisors/zcln-bmo-clean-energy-index-etf/) +Today is the day!Bmo has finally put online its new ETF: ZCLN. With an introductory price of 30$. The ETF wants to mimic the S&P Global Clean Energy Index. In addition, it is cheaper than the ICLN. It is only 0.40% (MER). The fluctuation has been low since this morning. Lets the ride begin! + +[https://www.bmogam.com/ca-en/advisors/zcln-bmo-clean-energy-index-etf/](https://www.bmogam.com/ca-en/advisors/zcln-bmo-clean-energy-index-etf/) +Good Morning, + +Another really odd day yesterday with stocks fluctuating like crazy. The whole market is irrationally strong which can be good, but incredibly risky. If you're new to trading I'd really recommend trading in a simulator in conditions like these. Here is my watchlist for today. A lot of the names here are still experiencing momentum from yesterday - be wary for reversals. + +1. **$AMC (AMC Entertainment) -** Highest gapper today. This has been a heavily shorted stock for a while since the start of COVID but has just announced new funding which is driving AMC this morning. Yesterday provided some opportunities for AMC but I missed this, unfortunately. With NYSE listed stocks like this, we need to be wary of stock halts and so risk management plays an important role. Premarket high is at $17.90 at the moment so I'll be watching for a breakout over 18. +2. **$GME (Gamestop)** \- I'm trying to work out if GME will break out again today and, given the past week, anything could happen. I try to just focus on the intraday charts for stocks like these and looking purely for technical patterns I recognise. It's currently below the VWAP (VWAP at 255 at time of writing). If it can get over the VWAP, I'll be looking for a move up to 277. +3. **$EXPR (Express) -** This is our second highest gapper right now, most likely due to some sympathy momentum from social media. I really hate trading stocks with no significant catalyst, but if this follows a similar pattern to GME, I will try to ride the momentum. +4. **$KOSS (Koss Corp)** \- 43% short interest here so we are seeing a lot of short-sellers get squeezed out. Similar situation to yesterday. + +Momentum today will be quite scattered I believe so it's important to watch multiple stocks and set alerts at points of interest. There is a lot of stuff going on today and a lot of people will be watching different stocks. + +Other stocks I will be watching: UONE, OXBR, KODK. + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +Thanks all. + +\-Rep +I posted this yesterday, but it got removed by mods within a few hours of posting. However, u/BadassTrader reached out to me and let me know he'd approve the post, and that I just needed to edit out a few things. Appreciate it, u/BadassTrader! Here's my post: + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +αmc Isn’t Being Used as a Hedge Against GME \[Addressing a SHF Divide & Conquer Strategy\] + +§1: Basket Stocks + +§2: Miscellaneous Arguments + +§3: Insiders & MSM + +§4: The Division + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§1: Basket Stocks** + +For well over a year, there's been [this](https://imgur.com/a/E6TUKH5) strong animosity against αmc and αmc Apes in this sub. More recently, there's been theories circulating that αmc is being used as a hedge by SHFs against GME. I'm probably going to get crucified for saying this, but here it goes: + +αmc isn't being used as a hedge against GME. + +https://i.redd.it/q23s08aaye691.gif + +Just hear me out. + +I'm a pretty open minded person, but I've been following both of these stocks since forever, and none of these "theories" about αmc being used as a hedge against GME are consistent with the facts. Also, having these theories being postulated as axioms by Apes ultimately undermines all the fundamental DD we've built in the past. Uncovering the truth is what's important. + +Let's first start by understanding the basket stocks. + +What are the basket stocks? Essentially, they're a group of stocks heavily shorted by SHFs. The shorts on these basket stocks get bundled up together in swaps, which is why we see similar algorithmic price movement with them. + +I implore you to read Criand's [Basket Swaps DD](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) from last year, which goes over how the basket stocks work, and why we see very similar movement with these stocks. + +As Criand puts it in his Basket Swaps DD, "there's a basket of "meme" stocks that move in tandem, signaling that some counterparty (or counterparties) are on the hook for a ton of swaps and that these "meme" stocks are most likely shorted as a basket through Equity Total Return Swaps. \[...\] The prevailing theory is there's a massive amount of Portfolio Swaps against these meme stocks, where so many entities can be pulled under if these squeezes occur." + +[Graph from Criand's Basket Swaps DD displaying comparable price movement between GME & basket stocks last year](https://preview.redd.it/wqxla7djye691.png?width=2428&format=png&auto=webp&s=342ce97cda03b595913d5e3d1017dfb09159ccb5) + +The major basket stocks are GME, αmc, KOSS, BBBY, & EXPR. + +Now that you know about the basket stocks. What can further validate the idea that these basket stocks (including αmc), have been heavily shorted by SHFs? + +Well, αmc, along with the other basket stocks, had the buy button removed on January 28, 2021. + +GameStop wasn't the only one that had the buy button removed by brokers back in January last year. All the basket stocks had the buy button removed, because the prices taking off would've put SHFs at risk of bankruptcy and initiating MOASS. + +Here's leaked texts from RH executives on January 28, 2021 discussing the removal of the buy button for αmc and the other basket stocks: + +[PCO: Position Closing Only \[i.e. no buying permitted, only selling\]](https://preview.redd.it/t6rvf72lye691.png?width=451&format=png&auto=webp&s=418a914d5a2d1d34ed9b3db6b60e4060ec2c1d92) + +https://preview.redd.it/wgcntvlmye691.png?width=477&format=png&auto=webp&s=adcc2a59c165cdda40914e0f1df802f156d9bb3a + +You can find this information, which was released on pages 55 & 58 of the [September, 2021 Class Action Complaint related to antitrust actions involving RobinHood](https://pdfhost.io/v/YPAly8dSy_Microsoft_Word_20210812_Corrected_Antitrust_First_Amended_Complaint_Revised). + +Ok, so here's what we know. + +1. RH removed the buy button for αmc. +2. Leaked texts reveal RH executives were worried about being crucified for removing the buy button. + +Here's the question: if αmc was a hedge against GME, why did brokers (such as RH) put themselves at so much legal and public risk just to prevent anyone from buying αmc? + +Well, since we understand the basket stocks, we understand that these particular stocks are heavily shorted by SHFs and pose a serious risk to them. Any 1 of these stocks exploding further in price could've destroyed SHF's margins and initiated MOASS, which is why RH stopped the retail buying of these stocks and informed SHFs to load up their short positions and tank the stocks beforehand; hence, ALL of these basket stocks tanked after the buy button was removed in January, 2021. + +**§2: Miscellaneous Arguments** + +Now, there are some other arguments that αmc is a hedge, such as the "Citadel has calls on αmc" argument. + +Ok, let's take a look at Citadel's 13F then: + +[Citadel has more calls than puts for GME.](https://preview.redd.it/71sqnvynye691.png?width=1683&format=png&auto=webp&s=0982fd5ed5440053fc3083f3123ac2ca86e146b0) + +[Citadel has more calls than puts for αmc.](https://preview.redd.it/c0t1771pye691.png?width=1679&format=png&auto=webp&s=bc0f221118f378869f311e8d3e0199529de2422e) + +[Source for Citadel 13F αmc calls/puts](https://imgur.com/a/7V5l2Nx) + +[Source for Citadel 13F GME calls/puts](https://fintel.io/so/us/gme/citadel-advisors-llc) + +It's clear that Citadel holds more calls than puts for both stocks, so the same argument could actually be made for GME as well. Ergo, this argument doesn't hold up. + +Also, none of this matters, because we know that Citadel's massive short positions are all hidden in swaps. + +"The way that it allows naked shorting is because the Hedge Fund "borrows" prime brokerage privileges through the swap. **The Hedge Fund is not short on its balance sheet but they are effectively short through the exposure of the derivative**. The counterparty of the swap is the one who is short the underlying. But, because the broker dealer can short for the sake of liquidity, **they do not need to report short interest on the stock by internalizing the orders and selling against their own "inventory,"** \- Criand's Basket Swaps DD. + +This is further reinforced from my [interview](https://www.reddit.com/r/Superstonk/comments/v4wxkb/i_spoke_with_a_former_citadel_client_heres_what/) with former Citadel client, Edward Thorp, where we see that Citadel appears to be overperforming to the outside, but in reality is underperforming from within. + +They're hiding their losses/short positions in swaps, and as such, are able to make everything look good on their balance sheets. + +However, there's other theories that have sprouted, saying that somehow Citadel went "net long" on αmc sometime around June last year, and that the market cap needed to stay similar to GME to act as a hedge. + +This is just speculation. It cannot be verified, because we can't look at their swaps and verify if this theory is accurate or not. This type of speculation could also be used against GME, even though we all know this isn't the case. + +It's much more reasonable to infer that Citadel has a shit ton of short positions hidden in swaps on αmc similar to GME, though I'd expect much more for GME, nonetheless. + +And we know that SHFs aren't interested in closing their short positions. This is self evident with zombie stocks. They attack these brick-and-mortar companies, create countless synthetics, cellar box them, with the goal of taking the stocks to $0 in the long-run, because then they don't have to buy back any shares and close their positions. + +That being said, why would they have decided to go long on αmc months after they prevented retail from buying the stock? Better yet, how would they go net long? I explained in § 5 of my [We Are Unstoppable](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/) DD how there's verification of millions of αmc Apes, and in turn, there's also millions of GME Apes (which is also solidified by the SEC Report). + +So, you have millions of αmc Apes holding the stock, having the same "no cell no sell" mentality we have here, high floors, etc. Also, in my [Burning Cash](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/) DD, we see that the ratio of DRS shareholders between GME Apes & αmc Apes is around 10:1. In essence, we could infer that at least 1 out of every 10 GME Apes holds both stocks (or at least that 10% of Apes that DRS'ed their shares possibly holds both stocks), so there's a lot of similarities to these 2 communities, which begs the question: how would Citadel have gone net long on αmc at any moment in time? + +There's just no way this is possible. Again, they built up insanely massive short positions on these brick-and-mortar stocks, because they were reckless and arrogant. They thought it'd be an easy slam-dunk for them, similar to the zombie stocks. You can make an infinite amount of synthetics, but you don't need to spend a dime buying anything back if the company goes bankrupt. + +For Citadel to have gone net long on αmc, they would've needed to close a majority of their short positions. The can't close anything without igniting MOASS, because as soon as any closing starts, you have these Apes owning 80-95% of the float (excluding synthetics), majority refusing to sell their shares until they get extremely high floors, and to close even a fraction of their short positions would have the price skyrocket and take a big hit on their margin, putting them bankrupt, just like with SHFs trying to go net long on GME. + +A lot of Apes have asked why αmc had a much bigger run in June last year than GME. This was something I predicted would happen over a year ago, and was actually the reason I chose to focus more on αmc than GME back then. I knew both stocks would squeeze eventually, but αmc's market cap was significantly less than GME's prior to June, 2021. αmc's market cap was around $4 B while GME's market cap was around $12 B, so αmc had a potential to rally before MOASS. When the market cap is small like that, retail has more sway (power) to make big moves, due to greater ownership with their purchasing power. Furthermore, I took a look at social media sentiment, as well as the Ape communities surrounding both stocks, compared & contrasted them, and my analysis concluded that online activity and retail sentiment for αmc on social media was not consistent with a market cap 1/3rd of GME. Many indicators told me that eventually this heavy retail sentiment was going to reflect on the market cap (via a rally). The data showed me that αmc's social media sentiment reflected at least a 70% higher market cap than what the market cap was currently at pre June, 2021. + +Fundamentals don't reflect on the price, because the price is algorithmically controlled; however, FOMO/retail power can overtake the algorithm, which is what we saw briefly in June, 2021. + +There were a few things that were very compelling to me that made me focus on αmc more back then, including that if the 70% increase in retail power reflected on the market cap, it would pass a zone ($14.5) which was an algorithmic control zone back then, making the stock significantly uncontrollable, ultimately leading to an explosion in price, which is what we saw back then. + +SHFs were very desperate at that moment amid the rally. Mudrick Capital even took 8.5 million αmc shares over the counter (which didn't affect the price), and immediately sold them in the beginning of June on the NYSE (affecting the price), in an attempt to control the price action. This, in addition to several halts, and through other means, they were able to prevent it from going too high. + +You see, SHFs were able to survive at the time by letting αmc run a little, because the market cap was small, but had αmc passed $80 back in June, it would've been the equivalent to passing $400 for GME, which is why they did everything they could to bring the price down to a more controllable range. That run in June, 2021 can't happen again, because if it does, MOASS would start. Simply put, it was a lifeline spent for SHFs. Retail FOMO was too strong for αmc at that time for such a small market cap, that they had to let it rise to a more controllable range, just like GME, lest they start MOASS (same as GME borrow rate increasing exponentially; they had to let price rise a bit to lower the borrow rate). It cannot run like that anymore without igniting MOASS. All the fake squeeze theories for either stock don't work, because their margin wouldn't be able to handle a run up like that anymore. + +It had nothing to do with αmc becoming a hedge against GME. If I saw that all of a sudden there was massive social media interest surrounding BBBY, and, for example, a BBBY Ape community had 100,000 members (with a significant number of consistently active users), I would see retail FOMO is not reflected on BBBY's $0.5 B market cap, and would expect FOMO to overtake the algo there and force SHFs to allow a brief rally as well, up to the point where they can afford it without MOASS starting yet. It's the same concept. + +Now, social media sentiment surrounding αmc has had much more constrained/logistic growth than GME since June, 2021, which puts GME Apes in a better position. This, in addition to insiders holding strong, the strong DRS movement with GME Apes, fundamentals (virtually no debt for GameStop), RC's turnaround plan, stock split dividend, etc., all put GME in a much stronger position overall. I see GME having a much more explosive MOASS than αmc. + +**§3: Insiders & MSM** + +As for the sus αmc board and αmc CEO Adam Aron being sus, there were Apes suspicious of AA because of connections with boards and organizations connected to Citadel. + +I'll give you the benefit of the doubt. Let's say that the αmc board and AA are up to no good. Does that mean the basket stock isn't going to squeeze? No. It doesn't change that. Also, DFV invested into GME well before RC bought any shares and became chairman. DFV invested back when the GameStop board was sus and BCG was hired to help cellar box the company. That didn't stop DFV from seeing the potential. + +I will admit though, I agree that AA and the αmc board are pretty sus. The board's done a lot of damage to the stock (in terms of excessive share dilution, insiders selling almost everything, etc.). If it's true that they were planted to hurt the stock, then that would be more in line with what BCG was doing (infiltrating heavily shorted companies to damage them from within and help Citadel & Co. profit). But, that would also mean SHFs are heavily short the stock, further supporting the basket stocks DD, that these basket stocks will squeeze upon SHFs closing their short positions, and my main point that αmc isn't a hedge against GME. + +I'm not telling anyone to buy αmc, just explaining that even if the board was sus, it doesn't change the fact that it can squeeze. Same with BBBY. There's still sus people in the BBBY board, but doesn't change the fact that it will squeeze (along with the other basket stocks) when MOASS happens. + +Why would insiders be selling αmc? The best explanation I could come up with is that SHFs probably cut some sort of deal with insiders—that insiders sell shares, and in return SHFs won't attack the company as hard, or will give them something in return. But, I want to make it clear that if SHFs are short on a stock, they're not going to want insiders to keep holding. If anything, SHFs will incentivize insiders to sell, because it dilutes the stock and also disincentivizes retail from continuing to hold onto the stock, making seem feel more worried and wanting to sell. + +AA held onto his shares for several years, and even made this statement on June, 2021: + +https://preview.redd.it/fmxn27cuye691.png?width=961&format=png&auto=webp&s=c9f5adcd4a534ab920b7a35bae0846325bb15f88 + +You can find this on pg. 4 of the αmc [Schedule 14A](https://imgur.com/a/aYG2Obe) for June, 2021. + +So...something fucking happened recently. I don't know what exactly happened, but something happened that made him do a 180**°** and sell his shares. My best explanation would be that SHFs offered AA & insiders something in return for selling their shares. What that something was, I don't know. Maybe it was to not have lawsuits hit them like the one BCG hit GameStop with, maybe bribes, maybe it was similar to the threats SHFs made to public figures, which I discussed in my DD [Are Billionaires Being Threatened From Supporting GME](https://www.reddit.com/r/Superstonk/comments/u4jwqy/are_billionaires_or_wealthy_public_figures_being/). But, something happened. Insiders selling doesn't mean that SHFs aren't short the stock. In this case, it tells me that the board is pretty sus or did some back-end deal that we don't know about, which required them to sell their shares, which isn't good obviously. + +There was also Trey's Trades, who, if you don't know who he is, is kind of like the discount version of DFV for αmc. I actually used to like Trey, ngl. He had this charisma that brought Apes together. He even did a video discussing one of my DD posts for αmc I did over a year ago, which I thought was pretty nice. But, I found out that months back he did a 180**°** and started encouraging Apes to buy puts on αmc, which leads me to believe he took SHF money as well, because anyone buying puts on any of the basket stocks is essentially helping SHFs, but I'll get to that later. + +As for MSM showing support for αmc, yes, there has been some media support for αmc, but the majority of the MSM press has been towards discouraging anyone from buying the stock (this has been going on for years, even today) just like GME: + +https://reddit.com/link/vfctgw/video/zme5h3ugye691/player + +Shill stocks: HOOD, cιov, CNK + +Not shill stocks: GME, αmc, BBBY + +I agree I have seen that MSM has been slightly more lenient towards αmc in the past compared to GME. I assume that, if Apes were to go invest in a basket stock, that SHFs would prefer it be αmc rather than GME, because they have a little more control over that stock (due to sus insiders, no DRS movement, etc.). Regardless, if one of these stocks squeezes, the other will follow. GME is the leading basket stock, and will have the most explosive MOASS, but it doesn't mean that αmc (et al.) won't squeeze as well. + +And the FUD campaigns against αmc have still been strong, nonetheless. Iceberg Research (identical to Glacier Capital), was created as a FUD campaign against αmc \[their tweet on top right\]: + +https://preview.redd.it/ceigl2rvye691.png?width=821&format=png&auto=webp&s=8c65309409213b431592ccb81f3b9cb5168dcf76 + +**§4: The Division** + +Lastly, I want to get into the history of this division, because it'll help us better understand the circumstances we find ourselves in today. + +Here's my brief interpretation of the history: + +\[note that this is from my perspective; it may be different from someone else's perspective.\] + +Up to January, 2021, the original Ape sub had Apes from all basket stocks. It was chill, and infighting was minimal. Apes were united on squeezing SHFs (GME was the primary weapon, nonetheless). In February, 2021, when the original Ape sub got infiltrated and taken down from within, Apes sought refuge elsewhere. Apes broke into factions after that, mostly joining subs that were focused on their specific basket stock. I think this is where the division mainly began. The initial “distraction” theories about αmc were started by Apes, but SHFs like Citadel likely noticed this and started taking advantage of the division. Around March-May, 2021 you had bigger voices in the community like WardenElite come out, incite more division, and help create this mainstream animosity against αmc. + +https://preview.redd.it/5c7qxm1xye691.png?width=828&format=png&auto=webp&s=e24a2d3c37bf2d05b2cd1c47a864de6942ee547f + +Charlie'sVids (The YouTuber that has consistently made videos attacking SuperStonk and DRS Apes, saying that it's mostly bots on SuperStonk pushing DRS, and that SuperStonk is a cult) was another one that was inciting division between both Ape communities later on. He even lightly brought up buying puts on αmc last year. + +And recently, Citadel decided to capitalize off this division: + +https://preview.redd.it/xnav7hcyye691.png?width=619&format=png&auto=webp&s=a771c93a4a897b3849f00c42f54ba044942fc3dd + +[Citadel joined αmc Ape twitter call.](https://preview.redd.it/wi65l0lzye691.png?width=640&format=png&auto=webp&s=c8f37429214764a1f35af8d5292dd5121d100f65) + +This is a very clever reverse-psychology tactic. They want you to think "I was right, αmc is a hedge against GME", further adding fuel to the division. + +Why would SHFs want to do this? + +1. It's alienating Apes from the community that hold both stocks. +2. It's distracting the community from the bigger picture and the real enemy (SHFs). +3. It could possibly encourage some Apes to buy puts on αmc (virtually shorting the stock) thinking it's necessary to "break the hedge", which in turn would help SHFs. + +Divide and conquer is a tactic that's been used for millennia. Caesar used divide and conquer to turn Celtic tribes against each other, so that he could conquer them easier. After Emperor Theodosius divided the Roman Empire into Western & Eastern Rome, West Rome was getting close to collapsing due to Germanic tribes invading. The Eastern Roman Empire offered to help, but the Western Roman Empire had such strong animosity for them that they refused the help and collapsed. During the Atlantic Slave Trade, the labels "black" & "white" were created to divide & conquer the lower class, having Irish indentured servants fighting Sub-Saharan African slaves instead of uniting together against exploitative slave owners. During the colonization of Rwanda, Rwandans were broken into 2 groups: Hutus & Tutsis. This made it ultimately easier for them to be controlled. Instead of working together as 1 and uniting against the elite, Rwandans became obsessed over these small differences, fighting each other for generations, ultimately leading to the Rwandan genocide. + +SHFs/the elite want us divided. They've been using these divide and conquer strategies for generations. Why would I want to fight an Ape? Someone that has suffered through similar bullshit like me, that has been adversely impacted by the criminal negligence and manipulation by SHFs? We all have 1 enemy, yet here we are for over 1 year with Apes fighting each other because of stupid things, because ultimately both stocks are in the basket and they both hurt SHFs. + +I agree that GME is a better stock, you won't have an argument from me on that. I agree that GME will be the most explosive MOASS, and all other basket stocks will not squeeze as hard as GME, but does that mean anyone benignly holding any αmc needs to get bullied and alienated from the community? No. + +Well, I saw that happen to Kat Stryker. For those of you who don't know who Kat Stryker is, she's an OG Ape that has consistently gone out of her way to get big exposure for Apes through publicly exposing and spreading awareness on Wall Street corruption (there were also some billboards that she put out supporting GME that made it on this sub in the past). She was the one that did the #CitadelScandal plane banner and #KenGriffinLiedUnderOath plane banner, which Kenny's Lawyers sent Cease & Desist Letters to try to shut it down. + +https://preview.redd.it/n6sjsf61ze691.png?width=640&format=png&auto=webp&s=514268c21550ae558134bb434922028dc4816bc4 + +But Kat persistent and found other avenues around that: + +https://preview.redd.it/q2jedgh2ze691.png?width=975&format=png&auto=webp&s=d8242e7d8265efebd570d3b52d12475965b0ebf5 + +Kat's done a lot of good for the Ape community, so seeing all the calls from Apes trying to get her banned from the sub for posting here (or trying to alienate her from the community just for holding both stocks) is harmful to the community. + +This was a recent comment from Kat in this sub: + +https://preview.redd.it/0ils54v3ze691.png?width=689&format=png&auto=webp&s=5616e1ede6b060fb86827dcf30a727fa4e7f079d + +We don't want to alienate people just because they hold both stocks, especially not when they're fighting the same enemy. It's also a slippery slope. + +Are we going to alienate Former SEC Commissioner Lisa Braganca from doing AMAs on SuperStonk (or supporting the Ape community) anymore because she holds both stocks? What about Criand, Atobitt, and Dave Lauer? Criand supports both stocks, Atobitt did interviews with αmc YouTubers, and Lauer has also shown support for αmc in the past. Do they get removed as well? I can't imagine how many Apes have felt alienated or disconnected from the community for holding both stocks. Again, I agree that GME is better for many reasons. That doesn't mean αmc Apes need to be bashed or alienated from this community. + +This was a tweet RC liked recently: + +https://preview.redd.it/az5ujg85ze691.png?width=595&format=png&auto=webp&s=a6f593ee664cd69e8c1eb33b8ac8b2515ab4da6b + +And here's a recent tweet from RC: + +https://preview.redd.it/2ov3ble6ze691.png?width=631&format=png&auto=webp&s=8ffa4ff1780796c953cb55235b5955bd80a0a6d8 + +With this information in mind, do you think RC would be more supportive or less supportive of this infighting and division going on in the sub? + +\[Due note that RC also bought a significant amount of BBBY calls/shares months back, meaning that he recognizes the basket stocks DD, and that the basket stocks will squeeze during MOASS.\] + +We don't need this infighting. Stop wasting your energy fighting each other, and start directing that energy against the real enemy \[Kenny & Co.\]. + +Furthermore, this division hurts the flow of information within the community. When you recognize that these basket stocks exist because they're heavily shorted by SHFs, you can build DD on that. You see that if some activity is happening to one basket stock, it may affect the other basket stocks, and vice versa. The division in the sub hinders the flow of information to be able to better understand SHF manipulation tactics, short positions, the algorithm, MOASS, etc. + +What's worse is that, if I'm right that αmc isn't a hedge against GME, and eventually SHFs push a campaign to try getting Apes buying puts on αmc to "break the hedge", any Ape trying to short αmc would, effectively, be helping SHFs make money by shorting one of the basket stock SHFs are heavily shorted on. + +There's so much more I could talk about related to this topic, but I'd end up exceeding the character limit on this post, and I'd rather not have to make more posts about this, because I know how controversial this topic can be. + +You might read this post and still choose to believe αmc is a hedge against GME, but at least remember this post for future reference. The biggest evidence you'll get of me being right about this is when the GME MOASS happens and you see all the other basket stocks squeeze violently. Then, you'll look back, see that I was right, and realize how much time was wasted fighting and alienating each other in the past, when we could've accomplished so much more united. It's also easier to encourage αmc Apes to hold GME as well when you're nice to them, instead of trashing the stock or ostracizing them. + +GME will MOASS regardless, so there's no need for anyone to get defensive about this. SHFs shorted multiple brick-and-mortar companies to get them bankrupt. They didn't solely choose 1 company. Nonetheless, this is a GME sub, and the focus here should be on GME. GME is in the best position for MOASS, in my opinion, but the infighting between basket stocks is harmful to the community, and the toxicity and alienation of other Apes for holding both stocks doesn't benefit us in any way, shape, or form. + +Posts explaining why GME is the best (most preferrable) basket stock is good, but not these speculative theories being propagated as axioms that αmc is a hedge against GME, which is then used to shame Apes that hold both stocks, further creating a divide in the community, making other basket stock Apes feeling unwelcome and discouraged from helping provide any further support to us. + +I know this particular divide in the community has been going on for over a year, and I don't expect this post to change that, but at least you'll know there was someone that tried to help ameliorate the stark dichotomy within the community. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**TL;DR: the theories that αmc is a hedge against GME are not consistent with the facts. αmc is a basket stock, algorithmically controlled like the other basket stocks, and heavily shorted by SHFs. It had the buy button removed, massive FUD campaigns and MSM attacks against it, and the same SHFs manipulation tactics are being used against αmc just like GME. Although GME is a better stock, and in a much better position for MOASS, αmc, as well as the other basket stocks, will squeeze during the GME MOASS. The divide and conquer push in Ape communities pitting Apes against Apes ultimately alienates Apes, distracts us from the real enemy, and (worse) could encourage GME Apes to short αmc (one of the basket stocks) thinking it will "break some hedge", which in turn would only benefit SHFs.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +One final thing: + +I just found out about this today. It honestly looks like I was right. MSM ENCOURAGING Apes to short αmc! + +https://preview.redd.it/n783xjp8ze691.png?width=640&format=png&auto=webp&s=72cda07e339f6c4e3c91d3681695cf9ca3a5c85d + +That's why these divide and conquer campaigns have been pushed hard. If they start convincing Apes to short αmc, it'll only end up helping SHFs profit. Any Ape shorting a basket stock is GIVING their money to SHFs! Don't get caught up in SHF divide & conquer campaigns. + +Buy, Hold, & DRS GME. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Edit: I anticipated this would happen, and I'll take the hate for it. I'm grateful I at least got the opportunity to present a counter-argument on how αmc isn't a hedge against GME. + +Note: I'm not advertising αmc here. As a community built on DD, it's important to get the facts straight, so when I see countless posts about how αmc is a hedge against GME make it straight to the top of the sub, and when it's not consistent with the facts, the right thing for me to do is to properly address it. + +I can see that the majority of Apes aren't interested in this topic being brought up. I'll respect that and not post about it anymore. I apologize for the drama this has caused. Take care. +I just had the most frustrating experience & I'm not sure if this is "normal". My electric utility sends bills out with a due date as the end of the month (Jan 31). I used online bill pay & had the check delivered a couple days early (Jan 29). Note - DELIVERED, not mailed, but delivered. + +I got a call from the utility today saying that I'm late with the check. When I explained that the check arrived on the 29th, they said, "Oh - it takes 5 business days for us to credit your account, I'll note that you are late but have paid." + +WTF? I asked, "If you wanted the check on the 26th, why do you put the due date as the 31st?" She said that's not her responsibility. + +Is this normal billing behavior from a utility (or any company)? + +ETA - after checking my acct and noting that every bill has been posted "late" I called them again & learned that if I do give them access to my checking acct (so they can deduct it automatically), they will deduct the money 15 days prior to the due date. Yeah ... no. I changed the contact number to NOT my cell phone. I'll just ignore their voicemails at home now. +The journey has its ups and downs and requires resilience, commitment and attention to details. Financial acumen is a given and why most of us are here. + +Everyone’s got different motivators, we all have the same objective. + +One way to keep the momentum going could be to gamify our financial milestones and goals. + +In your view, what’s the best way of going about it should you have the means to do so? + +For instance, by maintaining your daily or monthly goal you receive points, if you are in excess you get a bonus, when you achieve a milestone you get a prize for yourself, IRL or virtual. If you complete a lifestyle challenge you get something different possibly. + +Alternatively, it could be a virtual world and you unlock new worlds by saving x amount or Y spend - which can be verified independently. + +Feedback welcome. + +I’m thinking of pulling something together, let your imagine fly. +BB's climb today hit $20 before slowing down and dropping back to $15, this is only natural when paper handed baka's sell off their positions for a measly profit. + +BlackBerry is only beginning its journey, and the fundamentals back this up. + +QNX Software - is already being tested out by automakers like Volvo, for use in their industrial vehicles. Where self driving tech is expensive for civilian cars, it could pay for itself when applied to truck convoys and public transport. + +IVY - linked in with BlackBerrys autonomous vehicle software, IVY is a way of collecting driver data to further help consumers even after buying their vehicle. Information on thing like acceleration and braking, safe lane merging etc; drivers that drive safely could be offered discounted insurance prices. This data is also highly promising to help with accident insurance claims proving what driver is to fault. + +Cylance + Cyber Sevices - basically SkyNet, proven to be extremely effective in the field, and constantly evolves to prevent threats before they strike. + +2021 5G Phone - Not talked about much, but a new BlackBerry mobile phone is slated for a late 2021 release. Only phone releasing with a physical keyboard, runs Android and boasts decent specs at a $500 price point. + +**-- TLDR --** + +**BB's price is no where near its potential value; and in a market based on prospective sales and market reach, its 3x under its deserved price.** + +Edit I - added in IVY potential. +So I was completely unaware of the issues with Southwest Airlines until late Sunday night. If you don't know what's going on, Southwest cancelled 1,800 flights over the weekend leaving their customers in chaos. + +The company narrative is that this was due to weather and air traffic control issues. However, some quick googling revealed [this little gem](https://onemileatatime.com/news/southwest-airlines-operational-meltdown/) of an article. In summary, on Friday the pilot's union asked a court to block Southwest from enforcing the vaccine mandate and an unusual number of pilots called in sick over the weekend. Coincidence? Looks mighty suspicious to me. + +There's also recently been a story of [hundreds of LA firefighters threatening to sue over the mandate](https://ktla.com/news/local-news/hundreds-of-l-a-city-firefighters-file-notice-of-intent-to-sue-over-covid-vaccine-mandate/) and [New York expecting to have to call in the National Guard over nursing shortages](https://www.npr.org/2021/09/26/1040780961/new-york-health-care-worker-vaccine-mandate-staffing-shortages-national-guard). Without giving away too much personal information, I also happen to work for a large employer that would fall under the federal mandate. I can personally attest that there are enough employees refusing to take the vaccine that it will result in the shutting down of some critical operations. + +The market is already looking weak going into winter, and maybe economic disruption from vaccine protests will be what pushes it over the edge. + +Edit: From /u/LocalYokal: https://alexberenson.substack.com/p/urgent-a-southwest-airlines-pilot/comments +As a physician I found a company I find fascinating, with game changing therapy and just had to share the opportunity with you all. + +ATHX is working on innovative cell therapy and regenerative medicine for the management of ARDS (severe covid respiratory complication), ischemic strokes and MI (heart attack) with others in pipeline ( heart failure, ms, pvd etc) + +Few of the above are in Phase 2-3 trials. + +No competitors in atleast the ards management aspect which currently has no true management in covid. Could get fast tracked by fda. + +Catalyst upcoming: Investor day coming on Feb 16th. + +Institutional holdings:Backing by vanguard, blackrock and jp morgan with institutions holding a 25% stake in company. + +strong analyst PT all ranging from $5 to 9. Currently mc 500 mil and under $3 a share. 2021 could be it's year with its game changing therapy. + +Risks: have been issues between board members and founder which seem to finally be winding down. Risk of dilution as is case with all companies in this sector + +Check out their investor presentation and a few recent seeking alpha articles linked below with do a great job of overall summarizing companies course and why we could be entering at such bargain prices. + +https://www.google.com/amp/s/seekingalpha.com/amp/article/4403157-update-on-athersys-trying-to-read-lines + +https://www.google.com/amp/s/seekingalpha.com/amp/article/4402337-athersys-risky-financial-position-promising-upside-fye-2023 + +Thanks for reading +Lately I’ve been busy with work and my part time studying and I’ve been feeling really exhausted. I’m new to trading and still trying to juggle my commitments. Do you guys feel like some days you need a break from trading? I feel like when I’m not in a good state of mind, I make bad plays and the FOMO mindset hits harder which made me lose 20% of my acc. I’ve been considering to sit out on some days when I have to but is it something I should do? Or is it a sign that my trading psychology or method is not good enough? +&#x200B; + +https://preview.redd.it/0tnp8owv3a691.png?width=1365&format=png&auto=webp&s=9dd7abe490efd31aa5431445c14b4a420de549e3 + +Background: Started messing around with trading during the first COVID lockdown and have been day trading options part-time for almost 2 years now with moderate success. This year's high IV environment made me start looking into futures. With IV on SPX hitting 70%+ because of the drop that started last Friday, FOMC, and quad witching this week, I finally had enough and decided to go live with a $10K account on Tradovate. Ultimately my goal is to become a full-time trader but I do not want to quit my job until I can consistently make more from trading than I do my paycheck. + +Thoughts: I wish I had done it sooner. I've traded SPX options a lot these last 2 years so jumping into ES was very straightforward. In fact I would actually say ES is *much* easier than SPX options. Not having to worry about the impact of theta or random IV crush on my trades makes it way easier to be patient during the times of consolidation and chop which have become the norm this last month. I will still continue to use SPX for credit-spreads but I don't think I can go back to SPX for scalping after experiencing how much easier ES has been. If you have a strong edge trading SPY or SPX I would highly suggest giving ES futures a try. The biggest reason I always stayed away from futures is because I always heard it was too risky and just the general negative connotation surrounding it, which made it intimidating for me. + +As you can see my first trade after going live was my biggest loser -$975 where I got trapped trying to short 3730 on 6/14 and held it way too long for a 20pt loss. Not gonna lie it hurt but I'm glad it happened right away because it was a good splash in the face of how quickly ES can move against you and afterwards I was much more careful with my entries. Ending the week with an 85% win rate and my next biggest loss was only -$150. + +As far as trading style goes I mostly scalp, as you can see my average trade this week was 4mins and 30 seconds long. I just trade volume and price action, the only indicators I use are VWAP and Volume Profile. I have tried EMAs, RSI, and MACD but I have found they get in the way and only add noise for me. My only trading rule is to stop for the day if I am down $1,000 to prevent tilting. + +If people are interested I will post a weekly update on my futures journey and maybe share some trade reviews. This is a new reddit account because I don't like people knowing my personal finances. But I promise I'm not trying to sell anything just looking for a place to share my trading failures and successes and hopefully be able to learn from each other. Trading can be lonely especially as an extrovert and my wife is getting tired of me talking her ear off about it so here I am :) +There seems to be some kind of hype around "land appreciates, buildings depreciate" when it comes to buying property. +"Experts" and "Investors" advising to stay away from apartment purchases and stick to property with land value. +Though around AusFinance I continually see people who vouch for their apartment purchases and are sincerely happy with their choices. + +Though I'm not quite at the stage of buying property myself, this phenomenon intrigues me. Is it a case of apartment buyers being ill-advised or ignorant? Or is it just a hype/trend that people have suddenly started avoiding buying apartments? + +Genuinely curious. +We had to get private health cover as a condition of our visa when we first came to Australia and transitioned to a plan when we became permanent residents (Bupa medium cover with bronze extras). My question is what do we actually get from it, and is it worth it? It doesn't seem to cover any prescription medications or the gap when seeing a GP. I have been referred to a specialist, and that is also not covered so will cost me almost $200 out of pocket. So for $260/month, I seem to get a free dental check and a discounted pair of glasses each year. + +Presumably it covers something if you go into hospital as an inpatient? Does it just get you a private room or also better care? + +Is it worth maintaining the insurance? If I lived in the UK, I would not even consider paying for private insurance. If in the US, I would not consider going without. I am 35M, wife is 33F. No kids yet. +I would love some advice on my current situation from the wiser members of this sub. +I’m 26, male and am currently one week into a biomedical science degree and having second thoughts. I was working as a support worker for the past 8 years and earned decent money doing that (110-130k) but burnt out from constantly being in high stress situations and lost my passion for it. In 2020 lockdown I started a philosophy degree just for fun basically and did really well in it, I enjoy studying. I do not want to work as a support worker forever, philosophy doesn’t really have strong career prospects that I’m aware of, so Ive transferred to biomed with the thinking to either go into research, maybe get a job in pharma. Financial security is pretty important to me, and doing this degree has to be worth the financial burden of HECS and no longer being able to work full time to focus on study. Has anyone done this degree and if so what do you do for work now? + +I should add that this degree feels very stressful to me so far compared to a philosophy degree. It’s content heavy and Chemistry/science was never my strong point but critical thinking and writing come pretty naturally to me +Everything is clear to me since. + +It seems obvious now that DeFi is a bubble. Everyone is trying to lure you away from Bitcoin with exceptional return rates, it feels so shady (I'm not naming any specific altcoin here, but you can all guess it).  + + +Proof of stake make no sense. A currency itself doesn't need to give interest. I was feeling forced to stake to get interest or else I will get punished with inflation. So everyone are locking their coins in custodial exchanges so they can stake for them. Cryptocurrencies on exchanges can't work! It can get cornered by governments and even shutdown. + +Their systems is flawed and a messy catchall. The systemic risk in the ecosystem is insane and poorly reflected in the price. There is so much things that can turn out wrong and it can burst at anytime. + + +DeFi is cool sure, but altcoins are at best testnets for the Bitcoin second layer. Everything of value that altcoins offer can and will be built on top of Bitcoin. Cryptocurrencies are not tech stocks! + +Bitcoin itself just need to be secure, private and decentralized. Keep it simple! It makes much more sense that institutions and decentralized projects will use the Bitcoin infrastructure. Thus, making altcoins completely obsolete. +After not having a job for almost an entire year, I finally got a job near the end of the year. I wanted to make sure I can hit the maximum 401K contribution. I'm aware that 401K's can sometimes take a while to set up and I'm not ending up in a situation where I don't hit the maximum because timing was a little bit off. + +I elected to contribute the maximum (90%) of my paycheck in the plan. I was pretty sure weird things would happen. I was not disappointed. + +My next paystub came with a negative number. After 90% of the gross pay went to my 401K, there wasn't enough left over to cover taxes, social security, medical and transportation. Despite having a negative paystub, there was also a positive amount (around $90 or so) that was deposited into my checking account. + +A few days later, HR called me to let me know that "something weird" happened. They informed me that I should expect to see a double charge of medical insurance on my next paystub. She was not able to explain what exactly happened (not her job anyway, it's accounting's job). From what I can tell, company was not able to take out the medical insurance because that would require withdrawing funds from my checking account. Instead, they charged me twice on the next paystub. The negative amount was me owing the company for the extra medical premium. + +Oh.... the weird things that bring me joy. +I think this is big enough news to warrant a post even if it deals with bitcoin as it deals with one of the largest brokerages in the world and also would allow people with normal investments accounts (IRAs) to gain easy exposure to bitcoin. + +Take a look at the following filing + +[https://www.sec.gov/Archives/edgar/data/1852317/000119312521092598/d133565ds1.htm](https://www.sec.gov/Archives/edgar/data/1852317/000119312521092598/d133565ds1.htm) + +FD Funds Management LLC the sponsor of the fund; Fidelity Service Company, Inc. serving as administrator. FD Funds Management LLC lists the Address as Fidelity's headquarters in Boston. + +From the fling + + *"The Trust's investment objective is to seek to track the performance of bitcoin, as measured by the performance of the Fidelity Bitcoin Index PR (the "Index"), adjusted for the Trust's expenses and other liabilities," the filing notes, explaining elsewhere: "The Trust provides direct exposure to bitcoin, and the Shares of the Trust are valued on a daily basis using the same methodology used to calculate the Index. The Trust provides investors with the opportunity to access the market for bitcoin through a traditional brokerage account without the potential barriers to entry or risks involved with holding or transferring bitcoin directly, acquiring it from a bitcoin spot market, or mining it."* + +Hi everyone, + +So far this is the DD that has been more accurate, it’s 188 days old (over 6 months old) and haven’t been debunked. + +Tells a lot of the mechanics of what’s going on and how the stock market scam is been played. + +All credit to u/sydneyfriendlycub + +Please repost on GME or Here as well if possible, debunk it please! + +www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Original post already archived. + + BUY, HOLD and DRS is what I do, none of this is financial advice, my opinion only. + +Thanks for your time. + +🚀🚀🚀🚀🚀🚀🚀 + +Edit: added nugget from my recent research + +There is more and should follow my tweeter for more awareness. + +https://twitter.com/friendlymelonc1/status/1448645551856111619?s=21 + +This is a tread that will help you see a bigger picture. + +Central banks are the key. + +Read more treads from that Twitter and enjoy it :) +Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat to deliver a blunt message that the Fed will keep at the job of bringing inflation down until it is done and that the fight will be costly in terms of jobs and economic growth. “Reducing inflation is likely to require a sustained period of below-trend growth,” Powell said in his speech to the central bankers and economists gathered at the base of the Grand Tetons. + +“Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” he added. Fed Chairmen often give the opening address to the Fed’s Jackson Hole retreat in late August. While many of the speeches have been consequential for markets, they have also tended to be long and wide-ranging. Powell broke the mold with his speech Friday with a short six-page speech. + +In it, Powell drove home the point that the Fed has an “overarching focus right now to bring inflation back down to our 2% goal.” “We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored. We will keep at it until we are confident the job is done,” Powell said. + +On worries about a possible recession, Powell said that he sees “strong underlying momentum” in the economy. Powell said he was pleased with the lower July inflation readings but quickly added “a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.” At the moment, “high inflation has continued to spread through the economy,” + +Powell kept the door open for a 0.75 percentage point interest rate hike in September, saying that “another unusually large increase could be appropriate” next month. But he said the debate over whether to hike by 0.75 percentage point for the third straight meeting or slow to a half percentage point increase would depend on the “totality” of the economic data between now and the Fed’s Sept. 20 meeting. At some point, the Fed won’t be able to keep raising by 0.75 percentage point moves, he added. Wall Street had viewed Powell’s last press conference in July as dovish. Analysts said that this view came when Powell described the Fed’s benchmark interest rate setting – in a range of 2.25%-2.5% – as “neutral.” Perhaps in a nod to the markets view, Powell said in his speech Friday that neutral “was not a place to stop or pause” rate hikes. + +**Full speech here-** [https://www.marketwatch.com/story/feds-powell-in-blunt-remarks-at-jackson-hole-says-bringing-down-inflation-will-cause-pain-to-households-and-businesses-11661522428?mod=home-page](https://www.marketwatch.com/story/feds-powell-in-blunt-remarks-at-jackson-hole-says-bringing-down-inflation-will-cause-pain-to-households-and-businesses-11661522428?mod=home-page) +I'm a lurker of this sub, and a Dave Ramsey believer. My wife and I have been living on a budget since we got married 10 years ago, and have debt snowballed my student loans, two cars, and multiple giant medical bills. For the last two years we have been putting money in to our emergency fund and 401k, and simply making the monthly payments on my wife's car. + +Today we looked at what is in our E fund and decided that we can take money out of it and pay off my wife's car. In a few months we'll be back up to a full 6 months expenses saved in the E fund. + +After plugging everything in to the budget spreadsheets we've been using and calculating our savings rate for the first time, we couldn't believe it. 43%! Knew we were saving a decent amount, but that was impressive to us. + +Now that we know how much we are saving (compared to just having a notion of how much it is), we know how much we can attack our mortgage with, and that we can be absolutely debt free in under 7 years, plus a rocking retirement outlook. A rocking EARLY retirement outlook! + +tl:dr Been saving dilligently, paid off last consumer debt today, finally calculated SR and knowledge is FI power +Hey all, + +I've been scurrying the internet without being able to find an answer so I thought r/UKPersonalFinance would be my best bet. I have recently handed in my resignation and I have been asked to work until my final day due to the sheer amount of work we have left to deliver. Our annual leave entitlement begins on 1st January - 31st December and I have 25 days of annual leave per annum. I have taken about 10 days annual leave so far and I have 15 days left to take. How would I be able to calculate how much my present employer would have to pay me for my remaining entitlement? + +Many thanks in advance. +My most recent DD was on BWMG which posted a 25% gain the first day and 60% gain the next, highly recommend checking them out, but there’s another penny gem I came across that I think has an unbelievable upside. + + +We all know lithium has been on fire lately, EV is the future, but Lithium isn’t the only mineral resource the EV revolution needs. Rare earth elements (REE, yes I know) are crucial components not just in EV, but literally every industry that relies on advanced tech. China dominates the supply right now, and western nations are realizing this is a major national security risk (REEs are critical for our military supply chain as well). + + +Medallion Resources (OTC:MLLOF or TSXV:MDL or MRDN for you EU folks) based in mineral rich and western friendly Canada is a science & engineering tech company focused on more efficiently extracting REE from existing sources, of which a pillar of this includes a proprietary REE Recycling process, extracting these resources from what is now just considered industrial waste. This will be huge. +You can read more about them here https://medallionresources.com + + + +So with this backdrop here is why I think this stock is poised for some action in the immediate future... the share structure and recent activity + + +*Market Cap: <$19M + +*Float: 43M + +*Volume & Price: 4x average yesterday, popping the price up over 16% + + +Yesterday China dropped news they are exploring curbing exports of REEs which triggered the jump yesterday. There aren’t many players in the space, and Medallion has an innovative approach that if they can scale it successful will make them a significant player in this critically important industry. that the bulk of economy relies on. At their current marker cap <$250M they are also an ideal target for acquisition to lock up their tech & team by MP Materials (recent REE miner SPAC valued at over $6B) or Lynas Rare Earth at $3.5B + + + +Possible Risks: they can’t scale their technology, dilution to raise funds to accelerate investment and growth, short term the stock pulls back after it’s recent performance. + + +I believe in this company, and I’m taking a position with them for a long-hold, right now the are just under $0.30 but I think they could easily be $3+ EOY (or given this market’s behavior much sooner than that). For those looking for a short-term opportunity given the background, share structure, and set-up going into today, I think we’ll see some ever more gains today into the rest of the week, then some eventually consolidation. + + +Do your own DD, this isn’t financial advice, just some of my observations & opinions. + +#🚅🚅🚅ALL ABOARD THE HYPE TRAIN !!! 🚅🚅🚅 + +#🚂🚂🚂 CHOO CHOO MOTHER FUCKERS 🚂🚂🚂 + +#WE ALL KNOW HEDGES ARE FUKED ! KENNTH GRIFFIN IS GOING TO JAIL ! WE ARE GOING TO BE MILLIONAIRES! AND MOST IMPORTANTLY WE ARE ALL GOING TO GET LAID !!! + +IF YOUR HYPED FOR EARNINGS YOUR IN THE RIGHT PLACE + +#🪳🪳🪳🪳FUCK ALL THIS WEEKEND FUD !🪳🪳🪳🪳 + +WE CHANNEL ONLY GOOD VIBES AND SHOW THESE SHILL HOW FUKED THEY AAAAAARRRRRRGGGGGGG 🏴‍☠️🏴‍☠️🏴‍☠️ + +#🐱🐱🐱🐱WWDFVD ???🐱🐱🐱🐱 + +WHAT WOULD DEEP FUCKING VALUE DO ??? + +##🚀🚀🚀SIMPLE🚀🚀🚀 + +#🚂🚂HODL AND WATCH THESE MARKET MAKERS SHIT THEM SELVES THIS NEXT WEEK!!!🚂🚂 + +##NOT ONLY DO YOU HAVE THE WINNING HAND, YOU FUCKING DESERVE THIS !!! + +SO GET READY TO BUY, HODL AND MOST IMPORTANTLY FUCKING SHOP AT GME !!! + +💵💵💵💵LOAD UP YEE BROKERS ACCOUNTS !!!💵💵💵💵 + +##🏴‍☠️🏴‍☠️READY THE COMPUTERSHARE BUYS !!!🏴‍☠️🏴‍☠️ + +# 💵💰💵💰MAN THE FUCKING PURPLE FUCKING RINGS ! ! !💰💵💰💵 + +## :: DOES THE TWERK OF THE SCROLLWHEELER :: + +#WWWWHHHHOOOO-HHHAAAA APES MOASS IN UPON US + +#WE RIDE AT DAWN 9:30 AM MONDAY MORNING !!! + + COMMENCE THE CUSTOMARY PIRATE FLAGS AND ROCKETS !!! + +🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️��‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️ +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +You and your little merry band of crooked sociopaths don’t scare me! I fought Tequatl over 1500 times! I bested the Claw of Jormag at least that many times and I can’t even count the number of times I stood over the ruined corpse of the Shadow Behemoth! Did I mention the literal thousands of times I ran the Silverwastes loot train? ... And for what Ken? What was it that was so worth all that effort? A really cool sword! That’s right Ken, all that for a really cool sword. + +Considering the prize here, this little game of wait and hodl is NOTHING. Do hear me? NOTHING!!! And when this is all over I will have my prize... And you? You WILL know defeat. Bitch... +Hey, folks. + +With MOASS always around the corner, I thought it would be helpful to make a post explaining some of the basic mechanisms of the market. In this post I am going to cover: **Market price** vs. **NBBO** (National Best Bid and Offer), how to understand NBBO in the context of **the order book**, the difference between ***market*** **sells** and ***limit*** **sells**, and some **broker restrictions** that are placed on the orders they execute. + +What I WILL NOT be telling you is when to sell or at what price, as that is a decision every investor must make for themselves. + +# [NBBO (National Best Bid and Offer)](https://www.investopedia.com/terms/n/nbbo.asp) + +When people discuss a stock's price, they often refer to the price displayed on the stock's ticker. For example, GME closed this week at $124.25, which is the price displayed when you google the stock. What this ticker price represents is the *price of the last trade* for that security, often referred to as the 'market price'. This 'price of the last trade' is a useful shortcut for referencing a stock's price, but its important to know that the market price does not determine the price at which *new* orders for that stock will fill ('fill' meaning the price your broker was able to provide you for either a purchase or sale of a stock). + +When you submit an order to your broker to either buy or sell a stock, your broker is obligated to fill your order with the best available price. If you submit a buy order, your broker will fill the order at the *lowest* available price at which someone is willing to sell the stock (aka **best offer**). If you submit a sell order, your broker will fill the order at the *highest* available price at which someone is willing to buy (aka **best bid**). + +When your broker is executing your order, they look to the NBBO to determine the best price. It is referred to as the *National* Best Bid and Offer because your broker will observe the best prices available throughout the country, [whichever exchange or ATS (Alternative Trading System) or ECN (Electronic Communications Network) that may be, before executing your order.](https://www.sec.gov/reportspubs/investor-publications/investorpubstradexechtm.html) + +So if a stock's market price is $100 (price of last trade), and it has a best bid of $99 and a best offer (otherwise known as an "ask") of $102, its NBBO would be $99/$102, meaning you would pay $102 to purchase the stock or receive $99 for the sale of the stock. + +Using the example NBBO above, any investor who sees the market price of $100 can expect to have a buy or sell order filled at *approximately* the market price. Throughout a trading day, the market price continuously updates to reflect the price of the most recent trade, which occurs at either the best bid or best offer, and the NBBO updates to reflect the new best bid and best offer. This process is happening very quickly in real time. + +*An important takeaway from this section is that although a stock has a market price displayed on the stock's ticker,* ***orders fill at the NBBO***. Next, I will explain how the NBBO is determined, which introduces the order book. + +# [The Electronic Order Book](https://www.investopedia.com/terms/o/order-book.asp) - aka Level 2 Data / "Depth of Market" + +The order book displays the available bids and asks for a security. + +For example: + +[This is a simplified order book I made up to illustrate the basics. The NBBO \(99\/102\) is displayed at the top of the order book, with other bids and offers listed according to price. Quantities are visible as well. ](https://preview.redd.it/lgeo5ieuipi81.png?width=321&format=png&auto=webp&s=fd43db27c6306c79a12061d1933dfda94db2c978) + +The bids and asks that make up the order book come from *limit* orders posted by other investors, [as well as from Market Makers "providing liquidity" for the security by posting orders at/near the NBBO.](https://www.nyse.com/publicdocs/nyse/NYSE_Paper_on_Market_Making_Sept_2021.pdf) + +Order books are specific to an exchange, meaning each exchange has its own order books displaying bids and asks posted to that exchange, with a unique order book for each stock listed on that exchange. Because brokers are required to provide you the *National* Best when executing your orders, they will look at the best bids and offers from every available order book, and your order is executed accordingly. If the order is routed through an ATS or 'internalizer' rather than an exchange, the NBBO is still provided. + +You can find apps which provide an aggregate order book, displaying bids and asks from all available exchanges. They typically require a payment or subscription of some sort. Also some brokerages offer Level 2 data through their trading apps. There are [free versions available as well](https://www.cboe.com/us/equities/market_statistics/book/GME/) but their function is rather limited. If anyone is able to provide a link to a decent and/or free order book app, please do so in the comments! + +It would be useful (but not necessary) to watch the order book during the squeeze, but you need to know how to use it. I won't delve into that topic in this post, but there's plenty of free online resources you could tap into if you want to learn more. + +**What I do think is very important to watch is the NBBO, as I think it is** ***arguably*** **THE most crucial information to have on hand when the stock is squeezing.** And the great news is there are very simple ways to integrate it into your chart watching! + +This is my TradingView setup: + +[A screenshot from Friday of last week \(Feb. 5th\)](https://preview.redd.it/159gtq10jpi81.jpg?width=1127&format=pjpg&auto=webp&s=51340acaeb2c937e94d0ddfce003a6b4cefcc863) + +The best bid (101.48) and best ask (102.23) are displayed beside the market price, with the bid-ask spread (0.75) in-between. There are dotted indicator lines running across the chart horizontally to provide a visual representation of how wide the bid-ask spread is relative to price. If you look at the last interval before the post-market hours closed, the last trade occurred at the ask of 102.23. + +The difference between the best bid and best offer is called the bid-ask spread. Under normal circumstances, the bid-ask spread is very tight, often just a fraction of a percent of the market price. [This tight bid-ask spread is largely due to market makers providing liquidity for the security, which happens at and near the NBBO.](https://www.investopedia.com/terms/m/marketmaker.asp) A tight bid-ask spread will also occur when there is a solid volume of balanced (bid vs. ask) and naturally occurring orders posted for the stock (natural meaning orders submitted by actual investors and not market makers). If we look back at the Jan. 2021 sneeze, despite intense volatility and the extremely high volume, the bid-ask spread remained tight primarily because [Citadel provided continuous liquidity throughout the entire event.](https://www.chicagotribune.com/business/ct-biz-gamestop-hearing-ken-griffin-citadel-cb-20210218-zaq5ijhbarhwlhomzwprpqrqlm-story.html) + +I pay $2/month for the NYSE data feed through TradingView, so the bid-ask I see through my app is likely the best bid and best offer from the NYSE order book. I do not know if is necessarily the *national* best bid and offer, but it is a reliable approximation. I tried to find out where TradingView gets their bid-ask values from but I couldn't find it. If someone has an answer and a link to a source please let me know in the comments and I will add the info here. + +Check the settings in whatever chart-watching app you use, there should be settings allowing you to display the bid-ask. If your app does not allow you to see the bid-ask, then find a better app. + +**The reason it will be so important to watch the bid-ask is because as I mentioned before,** ***orders fill at the NBBO.*** **The current price displayed on the ticker is simply** ***the price of the most recent trade***. If you want to know what price you will receive for an order you are about to place, you have to know the NBBO. + +This leads to the next topic, sell orders! + +# Market Sell vs. Limit Sell + +So far we've covered what the NBBO is, how it is determined, and how you are able to access that information. The next step is understanding how best to act on that information when it comes time to sell. + +Imagine the market price of GME is showing **$100**, and at the same time the NBBO is **$95/$105**. + +I place a *market* sell. At what price does my order fill? + +Answer --> >!It fills at $95.!< + +[Why? Because I posted a market sell. My broker is obligated to fill my market order at the NBBO, and they did exactly that. It doesn't matter that the last trade filled at $100. It doesn't matter that there were asks available for $105. I posted a market sell, which translates to "sell it immediately and give me the best available bid".](https://www.investor.gov/introduction-investing/investing-basics/how-stock-markets-work/types-orders) + +If I had paid better attention to the NBBO, I would have known that the best ask was $105. What should I have done differently to ensure I received $105 per share instead of $95? + +What I should have done is place a ***limit sell*** ***order*** at $105. Why? Because when I place a limit sell order, my broker maintains my order as an ask until they are able to pair it with an appropriate buy order. And my broker will only pair my limit sell order with a buy order that guarantees me *at least* the limit price I set in my order. + +Alternatively, I could have placed a limit sell at $103 to increase the odds of it executing quickly. Placing a limit sell just below the best offer places it within the price range at which orders are executing. I could also have placed the order slightly above $105, say, at $106 or $110. Doing so is a fairly safe bet if there's strong buying pressure moving the price upward, as my order will execute after the offers below my limit sell are knocked off the order book, which will happen as buying moves the market price upward. However, if I set my limit price above the best offer/ask and the price immediately moves downward before reaching my limit price, my limit sell will remain until the market price reverses and reaches the limit price of my order. Conversely, if the price moves quickly upward, the limit price I set may be below the market price when the order is finally executed. These are all factors that need to be considered. + +**Note:** *Limit orders have an expiry which you set when you place the order. Many brokerage apps default to "Day" meaning the order will expire at the end of the trading day (4PM Eastern). GTC (Good 'til Cancelled) is another duration you can set for a limit order, which will keep the order open until it is filled, though most brokers will cancel the order after a certain number of days (30-90 days depending on the broker). GTD (Good 'til Date) is another duration you can set, which keeps the order open until a specified date. These three durations are the most common, though there are other durations you can look into if you are curious.* + +Back to the previous paragraph about placing limit sells instead of market sells; applying this reasoning to a short squeeze, its important to consider that a short position being force liquidated happens immediately. The buying-to-close hits the exchange in the form of *market orders that* ***hit the ask***. Short sellers do not have the luxury of posting low-ball bids at prices they want to pay, they pay what the market is demanding. And the market makes its demands through *limit orders*. + +Let's create a few more hypothetical scenarios to illustrate order execution and NBBO. + +Imagine the market price for GME is $100 and the NBBO is $95/$105. I place a *limit sell* at $100. At what price does my order fill? + +Answer --> >!It fills at $100. My limit order was placed below the best offer, which placed it within the price range at which orders are executing. My broker was quickly able to pair it with a buy order, and filled my order at my limit price. I would have received a higher price for my order had I set a limit sell closer to the best offer of $105. To reiterate, a limit sell sets a price minimum for your order, and will only fill above the limit price if there is an available bid that is higher than the limit price of the order. In this scenario, there was no bid available higher than my limit price.!< + +Imagine the market price for GME is $100 and the NBBO is $95/$105. I accidentally place a *limit sell* at $10 (fat-fingered the limit price). At what price does my order fill? + +Answer --> >!It fills at $95. The limit price of my order established the minimum price I am willing to accept for my order, but because there were bids available that were higher than my limit price, my broker paired my order with the best bid. In this example, my limit sell functioned like a market sell, filling with the best bid.!< + +**IMPORTANT**: When you are entering an order through your broker, the market price for a stock is changing in real-time. During periods of extreme volatility (such as during a short squeeze) the price at which a market order fills can change significantly over the time it takes for you to see the market price, open your brokerage app, queue up an order, and have that order executed by your broker. Therein lies the advantage of a limit sell, you do not run the risk of having your order fill below what you intended. On the contrary, a risk that a limit sell presents is that if the price quickly drops before you can place a limit sell, your order will not fill. You would need to cancel the order and place a new order closer to the new market price. + +Let's look at one last example. Imagine the market price for GME is $105, NBBO is $75/$106. What important information does the NBBO provide that the market price does not? *Disclaimer: This scenario has a very wide bid-ask spread. You would never see a bid-ask spread this wide under normal circumstances.* + +Answer --> >!The important information we can gather from the NBBO is that a market order would fill significantly below the market price. In this scenario, the market price is displaying the price of the last trade, which occurred at the ask of $105. But because the NBBO determines the price at which orders fill, a market order would fill with the best bid of $75, significantly below what the market price suggests.!< + +**The reason I am describing this type of scenario is because nobody knows what will happen to the bid-ask spread during MOASS. It would be ideal if the bid-ask spread stays tight, but in the event that the bid-ask spread becomes extreme, it is important to understand how different types of orders will interact with such a spread.** + +After reading this section, you should have a basic understanding of the differences between market sells and limit sells, as well as how they interact with bids and offers. Both order types guarantee you at least the best available bid, but a limit order guarantees you a minimum price for your order, which can be set above the NBBO as long as your broker is willing to accept the order. + +The next step is understanding what limitations are imposed on you by the broker who is executing your orders. + +# Knowing Your Broker's Restrictions on Orders + +I will be selling in batches, very small batches. Probably a single share at a time. My reason for doing so is that [I want to give brokers and clearing agents the best chance possible of having the collateral necessary to settle the trade](https://money.stackexchange.com/questions/136272/why-would-collateral-be-required-to-make-a-stock-purchase). In this regard, fewer shares per order is better than more shares per order. + +*Disclaimer: In the link above, the user submitting the question refers to Robinhood's official explanation for PCO'ing during the sneeze last year. I do not endorse Robinhood's explanation. I linked the page for its explanation of broker's collateral obligations when settling and clearing trades.* + +However you decide to go about selling, your order will be routed through a broker, and these brokers have restrictions on the price you can set for limit sell orders. For example, I have shares held with Questrade, who allows me to place limit orders within 2,000% of the NBBO. This is a pretty generous restriction, as I have seen restrictions as low as 100% or 200% of the NBBO depending on the broker. Either way, this type of restriction shouldn't be an issue if you are placing limit sell orders relatively close to the best offer. + +*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. +To a certain extent, FI largely depends on people being frugal (or living well within their means) in order to jack up their savings rate while at the same time dumping those savings into index funds or rental properties or other sources of passive income. In the case of index funds, prices are based on consumers spending above what they currently spent, and based on debt and savings figures in the US, most people don't have a problem with this. But if everyone became frugal, or pursued FI, index funds (and likely other sources of passive income) would likely collapse and eliminate the possibility of FI for a number of people, right? This is just a round about, and none eloquent, way of asking whether people pursuing FI owe a debt of gratitude to frivolous spenders, and what happens when (and if) consumerism recedes? +Hey PF + +I moved into a one bedroom apartment in downtown chicago about a month ago. Electric heating (two window units, set at 69F), gas stove. I know I should expect the bill to be high in winter and summer, but this is extreme. I've contacted my landlord to check out the meter myself later, not sure what will come from that. + +[Here's my bill](http://i.imgur.com/LtMxIbD.png) + +I called ComED and they were fairly useless. The lady said that did seem very high, and the average monthly bill for my unit was about $75 (still higher than that $470/yr estimate I received when signing the lease, but that's besides the point). She put in a request for a re-read of the meter, but said I had to pay this bill and if there was an error it would be corrected on my next month's bill. + +I'm not sure what else to do, or if I can do anything else. Something HAS to be wrong here and I'm praying it gets corrected, but it sucks I have to pay that bill in the meantime. Any ideas? + +•••••••••••• + +EDIT: Thanks for the responses everyone. There's a ton of helpful information and I've already started putting some of the tips into motion. + +###**Kind of late, but I'm almost positive [this](http://www.ajmadison.com/cgi-bin/ajmadison/PBH092G12CB.html) is the window unit I have (no model number that I can see so I'm going solely by looks). Not sure if that helps anything.** + +•••••••••••• + +EDIT 2: Here's the breakdown from the bill: http://i.imgur.com/p9zF5GT.png + +Hey everyone, + +My girlfriend and I are hoping to apply for mortgages in around 2 years time. + +I have a good history of repaying credit through a couple of credit cards, an overdraft (I stay in the positive), a mobile phone contract and car finance. However my girlfriend doesn’t really have much of a credit history at all. + +She’s been pre-approved for a capital one credit card so she’ll probably apply for that. The lowest they offer is £200 and if accepted she’ll use it to pay her Spotify bill (£9.99 PM) and setup a direct debit to pay the credit card bill in full each month (and destroy the credit card!). Her credit usage will be low, but we’re wondering if it’s better to look elsewhere to get a higher limit so her available credit is higher? + +She’s currently got a pay as you go mobile SIM card, so she’ll apply for a SIM only contract instead to build further history. + +She’s on the electoral roll. Our Sky bill is in her name (not sure if this counts towards anything?). + +Any other suggestions to help build up her credit history in preparation for a mortgage application? I think my history should be fine but I welcome any tips for myself too! +Hey everybody, thanks for clicking and offering a lending hand. So my story basically goes: I am homeless at the moment because I quit my jobs and spent all my money traveling around the country then decided to start over in a new city. No money. No apartment. Not even a place to store my bags during the day. I'm 23 btw. + +Now I work in the food industry and have done so for the last 8 years. This is what I want to do for the rest of my life and I am good at it. + +I just got a job 2 days ago at a local butcher cooking their breakfast and lunch. I'm right for the job, I can do it with ease but they'll only start me at minimum wage and then increase my pay to $9.50/hour after a probationary period of unspecified length. They also give their cooks tips and I'm told it could be anywhere from $5 a day to $35 a day making the spread $25-175 every week. This place is super close to the home less shelter. 35 hours a week. + +The other job I just interviewed for and I think I might want it. The guy said he'll call me tomorrow and let me know if I have the position but he said pretty much everything but "You're hired!" This job will start at $11/hour and offer health insurance after a probationary period of 90 days. The thing is, this job is cooking superdank lunches for wealthy people's kids which we'd personally deliver to each private school. Cool job and would be an awesome resume booster to get into the elite. However, this job is about 8 miles from the homeless shelter I am staying at and I would need to start at 530 in the morning. Buses don't start til 6, so I would have to get a bike by Monday (which is doable in this city, tons of volunteer opportunities). 37.5 hours a week. + +So do I keep the first job and hope for great tips, or take the other job and skip breakfast until I can afford a place? + +I did the math: + +Job A: $9.5*35 = 332.5 + 100 (potential tips weekly) = $432.5 a week = $1730 a month (maybe, after probationary period of undetermined length) + +Job B: $11*37.5 = $412.5 (guaranteed) a week = $1650 a month (guaranteed) with healthcare +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. +After restrictions were lifted, I'm back to working full time 40 hours per week as opposed to my part time hours of 20 - 25 during lockdown. + +However, I've just received my salary and it's just my job keeper package with no top ups from my employer. + +Is this right even though I'm doing full time hours? + +I've tried finding out whether this is right online but have received mixed messages. I figured I'd give reddit a shot for more insight (ha, even though this is only the internet). + +Thanks guys + +[UPDATE] +Spoke with my employer. Turns out they assumed their accountant would update our payment based on our hours on top of JobKeeper (they didn't). I was told it'll be sorted on Monday. + +Thanks for all your help! +It’s the same thing Monday-Friday. They spend 10-15 minutes every couple hours talking about popular names on this sub in such a condescending way. I’ve been trying to figure out what their end goal is with this narrative. + +For example, this morning Cramer was talking about how “redditors” don’t understand what a rotation is and will hold securities for too long hoping for Cathie to buy more, like seriously? What does that even mean? So they’re not supposed to have long term views on investments now? + +Then they go on a spiel about how mall’s will make a comeback and people should consider investing now. They could not be more out of touch. + +Does anyone else feel like it’s unwatchable when they do these segments? +That sub was compromised. + +GME was compromised. + +Apes are still there. Standing. Learning. Fighting. Buying. Holding. + +Those 6 months shown what we're made of. Freaking Diamond. I trust my apes and apettes to ride with me to the moon during the MOASS. + +TO THE FREAKING MOON AND BEYOND! +My father recently had a stress echocardiogram completed at a hospital. He was told many times it would be an affordable diagnostic test, but never given the exact amount. He just got the bill from the hospital, and it was $12,000. Bill included $800 for medications via IV, $4000 for the echo, and $8000 for a “hospital stay” (he was in the hospital only 45 minutes). + +His deductible is $3.5k, + $400 copay so he only pays ~$4k out of the 12.8k, but even this seems absurd for a simple echo. + +I feel terrible, even the 4K is something my father cannot afford, and I want to help him but I really don’t know how. He was reassured the echo would be affordable before he received it, and it definitely was not. Is there anything I can do to help reduce the cost of this? This feels fraudulent to me. + +Edit: After talking about his procedure with him, sounds like he had a Dobutamine Stress Echo, which seems to be more expensive than just an echocardiogram, but I don’t think the national average is anywhere close to $4k, maybe more around $2k. + +Edit2: He just showed me his EOB from the insurance company. The breakdown it gives is: + +In-network provider. + +Amount Billed: $12,800 + +Discount: $7,800. + +What my father owes: $3,900 (deductible of $3,500 + $400 coinsurnace; his max yearly deductible is $3,500). + +What his plan paid: $1,100. +I had a laugh at [this](https://www.reddit.com/r/UKPersonalFinance/comments/ex6xx3/what_is_your_salary_and_how_much_rent_do_you_pay/fg7kxa7/?context=3) thread where it seemed everyone was earning the huge bugs. So i decided to quickly go through it, try and aggregate it and see what the charts show. + +Turns out the numbers are small enough that its easier to just manually tally them up rather than me try to do some trickery on it. The data is ugly and nonstandardised and there were only like 250 data points + +Here is some shitty /r/dataisbeautiful + +Median wage - 37000 | Mean wage - 45810 + +Median rent - 650 | Mean rent - 771 + +[wage to rent scatter](https://imgur.com/Gkq4yBz) + +[average wage per available location](https://imgur.com/Dl5DRWX) + +[average rent per available location](https://imgur.com/9SdpwE6) + +There are some hilarious outlier but overall not that far off from the averages + +No idea why i did this. Enjoy +I have an easy saver account open with Monzo that currently sits at 1% interest. Over the past two years, they’ve automatically adjusted the interest rate up and down so I (perhaps naively) assumed they would continue to do so. + +Yesterday I happened to look at opening a new savings account, lo and behold I could open a new one at 2% interest, double my current rate. + +I know there are other savings accounts out there that offer better rates but for those looking to stay within Monzo I hope it helps. +Hello everyone I wanted to document and hopefully inspire some younger people. I grew up pretty poor. I decided to join the military at 19. My plan was to save as much as possible so I could start my new life. I join the service as an E-1 with $5 in my wallet. 7 years later and i'm an E-4 and I have managed to save/invest a little over $103k. I have always lived on base in a barracks. I'm single and receive no bonus pay nor do I get BAS. I have done what everyone says to do yet very few actually follow, I spend less than I make and I invest the difference. When I get a pay raise I save all of it. I still live as if i'm an E-1 7 years later and iv had many pay raises along the way from either promotion or yearly pay increases due to inflation yet iv never spent more than when I first joined. Some would say this is unreasonable and some friends even make jokes that this cant be sustained long term. But in reality I have no debt and i'm able to have more fun with my income than most because I have minimal bills. It's not always how much you make.... it's usually how much can you save. + +My income is $2,746 before tax +currently I invest 28% of my paycheck (5% matched) into my TSP(401k) split 70% C fund and 30% S fund. +C fund = SP500 index +S Fund = Small cap stocks index + +Each month I invest $500 into a Roth IRA in SWTSX + +My monthly bills are between $750-$1100. +Most of my money is spent on fun or travel due to no car payments or housing costs. Biggest expenses are car insurance and internet. +https://puu.sh/FTRgO/e2479604d5.png + + +My goal is to retire from the military after 20 years of service with an estimated net worth of $600k and a pension of 40% of my base pay for the rest of my life. If I retire as an E-6 that would give me $1,668 a month ($20,025 yearly). I estimate ill live off of $35k-45k annually meaning ill need to make sure my investments can cover the remaining $15k. After assuming the 4% SWR I should be more than fine after 20 years of service. + +I post this not to brag. I wanted to show that people of lower incomes can do this FIRE thing also. Don't be discouraged by these people who make $150k a year because I've never made more than $35k a year. Focus on getting out of debt and when you finally do it just keep investing the difference. +Update: SPY is now down to 322. + +TA: +50 DMA - 333.97 +200 DMA - 309.93 +JPOW Wall - 300 +March low - 218 + +I am not seeing any post discussing the current market pullback. We peaked at SPY 357 and now at 331. We are approaching correction territory and we crossed the 50 day moving average. + +The way I see it, we could easily test the 200 day moving average around 309, then the 300 wall, and quite possibly March lows. + +Edit: reasons I believe market is heading lower: + +1. PE ratio is off the wall. I think it will come back down to long term value of around 15:1 + +2. With a lot more retail investors trading during this pandemic, I think it’s likely that investors who recently FOMO’d in the market will probably FOMO out on the decline, accelerating it. + +3. With a K-shaped economic recovery,I don’t think the stock market can continue to thrive even after vaccines are deployed. We will still have a dual economy, those continuing to thrive in remote office WFH environments(eg: software developers and other white collar jobs) and those who will still continue to struggle in retail/services industry. + +4. Uncertainty surrounding if covid will mutate and be an annual reoccurrence similar to the flu. Will wearing masks just be the norm going forward? Will we have to continue to leave the middle seats open on airplanes, or have restaurants at lower capacities? These are both industries with thin margins already. + +5. General feeling of complacency toward the coronavirus. Everyone is sick of reading about it on the news. You can see on Google trends. People are lowering their guards and treating it like any other flu. This will continue to add to the number of infections as we approach 7 million in the US and it slows down our recovery. + +6. University and college reopening still continue to struggle to reopen. Sure there is remote learning options, but there are still a lot of courses that need to be hands on and in person. + +7. Our national debt now almost $27 trillion. + +8. Feds were quick to deploy the first economic stimulus, but dragging their feet for this second stimulus. + +9. Probably last on my list, but I missed the boat to invest in March/April. Just wishful thinking that markets can pull back more. + + + +Thoughts? Sorry for the typos. I’m still in bed. +Beyond Meat on Wednesday reported a widening loss in its third quarter as U.S. demand for its meat substitutes shrank and higher costs ate into its profits. + +The company also disappointed investors with its fourth-quarter outlook, indicating that sales aren’t expected to snap back immediately. Shares of the company tumbled 18% in extended trading. + +Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: + +Loss per share: 87 cents vs. 39 cents expected + +Revenue: $106.4 million vs. $109.2 million expected + +Beyond reported fiscal third-quarter net loss of $54.8 million, or 87 cents per share, wider than a net loss of $19.3 million, or 31 cents per share, a year earlier. Analysts surveyed by Refinitiv expected a loss of 39 cents per share. + +The company said it faced higher transportation and warehousing costs and increased its inventory write-offs, which hurt its profits. About $9 million was written off due to water damage at one of its plants, which mostly affected packaging. + +Net sales rose 12.7% to $106.4 million, missing expectations of $109.2 million. Compared with the second quarter, its revenue fell, bucking typical seasonal trends for the company’s products. Customers usually buy more Beyond Burgers during the summer to grill. + +The company reported strong growth outside the United States, with international grocery and restaurant divisions each seeing sales more than double during the quarter. + +However, U.S. revenue fell 13.9% compared with a year ago, mostly due to weaker grocery demand. CEO Ethan Brown told analysts that grocery sales didn’t help make up for shrinking food service orders, unlike in 2020. + +The company also said softer demand and operational challenges, like severe weather, hurt its domestic sales. Brown said new competitors in the market are putting pressure on its market share, but data doesn’t reveal that the lower demand is due to other companies stealing its customers. New products, like its meatless chicken, slightly offset U.S. sales declines. + +In October, the company warned investors that it would be reporting weaker sales than it had previously predicted, citing a wide range of factors, including the delta variant and distribution problems. + +And the company’s forecast doesn’t indicate a sunnier fourth quarter. Beyond is predicting net sales of $85 million to $110 million for those three months. Wall Street was expecting revenue of $131.6 million during the quarter. + +Beyond said it’s expecting some of the operational challenges from the third quarter to drag down its fourth-quarter results as well. It also cited restaurants’ labor challenges and hesitant ordering behavior due to uncertainty tied to the pandemic as other factors embedded in the outlook. The company noted that the period contains 5 fewer shipping days than a year prior. + +“Near-term market and operating conditions notwithstanding, we remain committed to our long-term strategy,” Brown said in a statement. + +He told analysts he is feeling optimistic about 2022. He hinted at new product launches coming next year, saying that some of those items could reach price parity with meat. + +https://www.cnbc.com/2021/11/10/beyond-meat-bynd-q3-2021-earnings.html +I have been looking at $PDBC - an actively managed commodity futures ETF for the top 15 commodities by volume. I noticed “No K-1” in the description of the name. I looked up what No K-1 means and figured that it has something to do with streamlined taxes. However, I didn’t quite understand what it means from a tax standpoint. Could someone please enlighten me? Thanks! +Good evening everyone, + +Strange times. Was looking for a feels bar. I couldn't find a feels bar. so I'm opening the feels bar. + +The Feels Bar is Open. + +&#x200B; + +https://preview.redd.it/skc79o1rrc5a1.png?width=968&format=png&auto=webp&s=eb5c77b206e3ec5398847d297d658ebcf3dfff44 + +Welcome to the Feels Bar, + +come and share a thought, share a feel, take a feel, have a feel. + +&#x200B; + +as for me... feels like the writing is on the wall. I'm going to miss this subreddit when it's gone, according to reddit recap i spent over 3000 hours in superstonk in 2022. + +&#x200B; + +how about you all +Hey guys, + +Does anybody here actually trade options for a living with a personal account? It seems that the odds are just so far stacked against you if your account isn't at least over 1mm. + +I know TastyTrade claims there are people who started watching them who now trade their PA for a living and make all this money selling VOL but just seems too good to be true to me. + +I wanted to know if anybody here trades for a living, and how long did it take you to get there. + +Thanks! +I am 23 years old for background. Have been out of my parents house for about 2 years now and it was not on good terms due to their controlling manners. This is my first year doing taxes on my own and after filing my parents freaked out and told me they had things to give me that i needed to claim/submit. This took me by surprise as I had all my W2’s and wasn’t waiting on anything else. They gave me a form from an account that I have to claim interest taxes paid on it since it’s legally in my name. + +My grandma lives with my parents so they can take care of her since my grandpa died. My mom pays herself from my grandmas bank that she controls every month due to taking care of her being her full time job and having to leave work to do so. It comes out like a paycheck, 3k every month. + +I have now learned that to avoid paying taxes on the money even though it’s lawfully income my mother is making and not a gift, they opened accounts to distribute the money into under the gift amount of 15k to avoid taxes. Turns out they opened an account in my name in addition to two for themselves using my social when I was 20 years old without my consent or knowledge and put part of my mom’s paychecks from my grandma into it to avoid the taxes. This money isn’t for me, I have no access to the account, I can confirm it’s not gifts from my grandma and they have no intent to give the money to me in the future. It’s their money and they’re using my name and social to hide it. + +I confronted them and they told me it’s 100% legal but if it were legal you wouldn’t have to create loopholes to hide it and avoid paying taxes. They started to gaslight me and tell me I don’t know anything. Any advice i’d appreciated. +Would the economy be able to reach extremely low unemployment coupled with low inflation due to taxes eating up wage increases so that total demand wouldn’t increase faster than the total supply in the economy? And due to low interest rates, new businesses would be able to open up and hire more workers very easily which would reduce unemployment. What would stop this from working? +I’ve seen lots of different arguments about what makes the USD so valuable. I am pretty clueless so I would like to know how valid these arguments are. + +A) The petrodollar is what keeps the demand for USD. + +B) You need dollars to buy treasury bills. + +C) You need dollars to invest in the US. A good example is how the sovereign wealth fund of the UAE has around 500B USD invested in the US. Saudi and Norway also have a lot of money invested in US equities. + +D) America has its army backing its currency and anyone who dares challenges the world order gets some democracy. +So, I hate hedgies. With that, I like to try to figure out how to fuck them. I've finally realized that I have a simple motivator here waiting....no more drinking until MOASS. + +"But how does that fuck hedgies?" + +Great question! You see, as much as I hate hedgies, I love beer (and whiskey to be fair). I'm also a huge fan of the movie Surfer Dude. In that movie, my man Matty McConaughey makes a vow to not smoke any more weed until the waves return and he is able to surf again. Know what I say to that? + +Alright alright alright.... + + +If he can do it, so can I. From now until MOASS, every single fucking dollar I would normally put towards alcohol, is going to GME. Fuel my fire, Kenny G. + + +Remember when I said I love beer? Well, I love GME more. So yeah...I'll +be needing a lot of extra shares Mayo Man, if you would be so kind to create additional ones.. + +I'll be buying one share at market open because dips are for bitch(es) +I'm trying to get into investing after being terrible with money for the start of my adult life. I'm 30 now and realize the need for serious planning. I have read The Little Book of Common Sense Investing by John Bogle which seems to summarize down to, leave your money in an S&P500 fund, keep paying into it until you are ready to retire, take profits out only at retirement. The data presented in the book was quite compelling which had me thinking if an S&P500 ETF was the optimal choice in long term investing. + +I started looking into historical returns, going back from the early 50s to the end of 2019 before the pandemic started. What I found out from these 70 years of returns was that although the S&P500 is an incredible investment long term, investing specifically in US Small Cap stocks would yield over double the returns over the same time period. + +Someone please tell me if I'm incorrect because I'm still new to all this, but assuming that is correct, would it not be ideal to focus on small cap US stocks? Obviously the big drawback is the increased volatility of small caps (S&P500 has been winning out in the recent short-term), but with a longer time horizon I feel like this is the way to go to optimize returns. + +What are your thoughts? +I hear a lot of talk from fans of bitcoin about its "revolutionary" potential. That in a moonshot scenario, it is suited to become the world's reserve currency. + +I'm interested in hearing from anyone close to what you might call the "financial establishment" (banks, investment firms, etc). Is there a stance on bitcoin in these cultures? Do they consider the possibility that it could be extremely disruptive or is it just a joke? Have they even heard of bitcoin? Thanks for your comments. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! +I don't know what the f- is going on anymore. Here's what's running around my head at the moment: + +1. Markets sold off before the election on the apparent theory that it was looking to be close/contested and the markets don't like uncertainty. +2. Markets rebounded in the days leading up to the election as it started looking better for a clear Biden win. +3. Election is incredibly close and contested, government will likely be split, and yet the markets are rallying super hard. The prevailing theory is that a Biden win with Republican senate will make it less likely that Biden will attack big tech and increase taxes. +4. In spite of (3), a split government will also make it more difficult to pass a stimulus package, which increases the likelihood of a double-dip recession. +5. COVID still spiking but nobody seems to care anymore, which makes it more powerful as a potential risk. If the numbers keep spiking, eventually that will lead to one of two headlines that people really won't like: hospitals getting overwhelmed and/or increasing lockdowns. The latter will be much more likely to happen under Biden than Trump. +6. The rally today seems broader but there were some real breadth concerns yesterday. Breadth indicators, like the TICK and NYAD, were flat yesterday. This suggests the rally is being driven primarily by a certain segment of the market (big tech) and not an "everything is great, pile into the markets" sentiment. +7. The ridiculously sharp rally over the past few days has made it extremely difficult to find good entry points on anything. Stocks have gone from pullback to mega-overbought in 3 days. Major indices are more extended beyond their 8-day EMAs than since late Nov 2018, shortly before the markets plummeted to major lows. +8. I've learned several valuable lessons over my years of investing that all seem to be coming into conflict right now: i) Time in the market is better than timing the market; ii) Think long term and focus on weekly charts; iii) Don't make emotional, reactionary decisions; iv) Don't get caught up in FOMO; v) Don't invest based on what you think the market will do, or what you want it to do, but on what it's actually doing. + +Given that I can't make sense of all this right now, I'm sitting on my hands. At the very least I'm going to see how this week plays out. +Fatfired in style this year, skiing as much as I could yet maintaining my spending levels under the elusive 3.5% spending level (seasonally adjusted). + +Looking for ideas on how to spend my time between now and school holidays in August. +My parents aren't materialistic people, but love experiences that bring us all together. I'd like to gift them some cool experiences we could all take part in, and I'm curious if you have any recommendations! + +Indoor skydiving, courtside seats, and fancy dining experiences have been such a blast, though vacations are on hold until my parents feel a little more comfortable travelling during the covid situation. + +&nbsp; + +EDIT: Ended up booking a private Aerial tour of Toronto for the family, a digital photo frame I can load a bunch of pictures onto, and a supercar trackday when it warms up a little this spring :) +Im a physiotherapist and i pretty much get jack all perks in my job but i do meet loads of people some are really interesting.... + +I had a patient the other day who said his wife had been given business class (for the whole family) tickets to go speak for a few days at a University in Europe (I think Holland). + +The return date was up to them and the days the wife was speaking the family would be put in a 5-star hotel and everything was paid for during that duration food transfers etc. + +My patient said he was very lucky his wife does this at least once a year and he and their son often got and treat it as free holiday whilst he wife is working. He said they usually stay an extra week or two so his wife can also enjoy some time in Europe before returning home. The best part was his wife also got paid loads of money to do it he said!! - i told him well done that is awesome! but if im being 100% honest i was jealous af... + +I had another patient last week tell me a friend of hers (husband and Wife couple) are owners of some big shot business in the city and as a 'thank you' to the general manager they brought him a 200k car (not sure what brand but i'd say it was a merc from what he described). + +I appreciate im lucky to have a job and all that jazz but it got me thinking what have people here got for free what amazing perks do you get from work as a 'bonus' that wasn't necessarily part of your remuneration structure. +Hello ausfinance redditors, + +I have a fairly substantial (for me) amount of cash sitting away in an ING savings account. It's close to 6 figures, probably not a lot to most of you but it's the only asset I have and I want to protect it. + +I am extremely worried about the future of the Australian economy and the future value of the AUD. I just read Matt Barrie's article 'The Australian Economy is a House of Cards' and while I perhaps don't have the financial knowledge to be able to determine how much of it is hyperbole, it's still a pretty distressing read. + +Assuming that the Chinese downturn continues or even escalates, and the Australian property bubble explodes, sending our economy into deep recession, would the value of the AUD fall significantly? I really don't want to be stuck in the position where I'm left with a wad of AUD that's worth a pittance compared to the other major economies. + +What can I invest in right now that would hedge me against a potential devastation of the Australian economy? Is gold a good option? I've thought about buying USD directly but I'm not sure how to do that with a large sum of cash. + +Thanks for any advice. +I'm an Australian citizen living and working overseas, have around 100k in Super with QSuper which is not an insignificant amount to me. + +I'm not planning on returning to Australia and would like some direction on what to do with my Super - there is a similar product available here in Canada (RRSP) but I'd obviously be starting from 0 again and would be losing out on the compounding interest though there are some tax benefits and I'd be able to make withdrawals from it. + +So I guess there are two options: + +1. Continue making voluntary contributions to my super from Canada and hopefully outlast climate change to be able to withdraw it in 40 years +2. Start an RRSP, let the super go up and down and focus my efforts here. +So I was at this auction in Sydney yesterday where price guide was 830-910k. +Initial bid was 850k. +Then the other guy said 860, but auctioneer wouldn’t accept it. +He was asking for at least 870. + +Is that even legal? +What could the bidder possibly say or do? + +Last time I checked 860k was still higher than 850k. + + +Edit: highest bid was at 980k, which was below reserve, so they had to go to the room and negotiate. +Later, I saw realestate.com reported the auction as Passed In, so apparently no deal was done. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I’m just curious about the people who live off their dividend income or people that get enough dividends that it is like another salary job. How did you start? What it family members that helped you along or did you just stumble on it? How much did you start out with and how long did it take you to get to the amount you are at now? I am currently just under making $300 a year in dividends which isn’t that much compared to some people but it’s a lot more then my first year of $40. + +Also what tips might you have for someone starting out or fairly young into the investment world? +Hi all, + +Just had a shower-thought this morning about what what is the best approach to diversification when it comes to dividend investing. + +Please dont come in and say "u shud go for gwolf stoks". I'm not here for growth stocks, I like dividends, some people like there coffee black. yadadada. + +When you are divi'ing your folio, what makes the most sense? + +**Diversify your outlay** \- Each stock has same outlay... seems dumb? Probably is. + +**Diversify your market value**? Make sure each stock is similar in it's market value. Purchase more when others drop - seems reasonable? + +**Diversify your dividend income**? Ensure each stock is giving you a similar amount in dividends annually? + +What is the best approach here? Would love to hear what other people do. +Ticker: MO +Price: $49.49 +Yield: 7.27% +Forward P/E: 10.18 +P/FCF: 10.97 +EV/EBIT: 9.08 + +Today, Morgan Stanley lowered its rating on Altria Group (NYSE:MO) to Underweight from Equal-weight on broad macroeconomic concerns. MO fell 8.37%. + +MO is a stock in the tobacco industry with a strong history of operating income and dividend growth since 1990. Is MO a bargain or a value trap? +Looking at selling covered calls on my dividend positions as a way to further milk those positions for extra cash flow (estimate 1-3% per year). Does anyone have experience doing this? Aside from the stock hitting the strike price and me having to repurchase the stock, what are the pitfalls to watch out for? +I'm debating 🤔 on getting a multifamily property 🏠, I'm turning to reddit for advice . I was going to get a four plex, the price is above what I expect to pay, but I am enticed by the cash flow. People are telling me to avoid the area due to being a Class C neighborhood, with limited access to groceries and majority of people are lower working class. The purchase price is $489,000, my offer would be $460,000 (been on market 81 days), cash flow is 4.4k , expenses not listed assumed 1.5% of offer at $6900 yearly; mortgage is $2,750 (30k down)built in 1960. In terms of safety the neighborhood has relatively high crime rate. My assumption is that since they are across a high school it should be safer, but this might lead to teen loitering situations. I'm willing to put in the work to increase its value and find good tenants (currently occupied)but I'm scratching my head and wondering why anyone would not buy the property. Thanks 😊 any advice is appreciated. + +Attached is the listing [realtor link](https://www.redfin.com/CA/Sacramento/1204-South-Ave-95838/home/19172062?utm_source=myredfin&utm_medium=email&utm_campaign=instant_listings_update&riftinfo=ZXY9ZW1haWwmbD0xOTE2NzA4MyZwPWxpc3RpbmdfdXBkYXRlc19pbnN0YW50XzE1JmE9Y2xpY2smcz1zYXZlZF9zZWFyY2gmdD1pbWFnZSZlbWFpbF9pZD0xOTE2NzA4M18xNjA1ODExMzcwXzImdXBkYXRlX3R5cGU9MyZzYXZlZF9zZWFyY2hfaWQ9Mjg1MDAxMjQmbGlzdGluZ19pZD0xMjQ2MjAxMzkmcHJvcGVydHlfaWQ9MTkxNzIwNjImcG9zaXRpb25fbnVtYmVyPTA=) + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +NFTs have been subject to a very intentional misinformation campaign and it is up to those of us who are informed to explain the importance of NFTs to those who think that they are simply a scam. + + +To start off this DD, let me show you the fruits of my independent research + +[Don't ask me how I obtained this sensitive information](https://preview.redd.it/w5jmfnmylgh81.png?width=1024&format=png&auto=webp&s=d93ad2b7a63a5d8c8012bb4f6b6ecc443ce836f9) + +As you can see here, NFTs are way to have **proof** of ownership on the blockchain, and are **not** a virtual asset of some kind. It can be a proof of ownership of virtual **and** non-virtual assets, such as a house or your mother (for rental of course), including assets which involve entitlements to certain rights according to the contract or contracts which make up the NFT. + +Now if all of that is crystal clear, you may think that NFTs are after all not that different than what we have already. After all, deeds to property and marriage contracts already exist within the national record keeping and court systems, and similar kinds of data ownership exist such as with Youtube or Onlyfans within the contracts you agree to when you put your digial ass(ets) on their platform/marketplace. + +However, on further inspection for platforms such as Twitch or the DTCC, the distribution of wealth and the direction of the platform itself is mostly determined by private contracts between financial interests, content creators, and corporate entities, meaning that the participants (viewers, players, investors) are **beneficiary** owners of the platform, aka simps, dumb money, consumers, and battle royale players. + +In other words, the whole lucrative situation of the current NFT marketplace is not an effect of the implication of NFTs themselves, but of the distortion and manipulation that is necessary (and has always been necessary) in order to fleece the common participants of any system of the value they are entitled to for participating in that system. + +NFTs are a democratic technology which empowers the common man, woman, gamer, content creator, artist, and innovator to **easily** and **without the need of an intermediary corporate entity** maintain legal ownership and entitlements to their own creation and investments. + +NFTs are a **disruptive** technology which **eliminates** the need for intermediaries and organizational entities such as market makers, publishers, real estate agencies, and banks. + +We, as a middle class, have been entrained to give up more and more of our income for increasingly less rights and entitlements. Instead of owning our own homes, we rent. Instead of owning our own games, we own the right to download a game on a specified platform or console. Instead of owning our own information on social media, we own the right to...well I don't even know how to get into how to take back ownership of online identity. But the way to start is to start understand how NFT smart contracts work and imagine a future where one does not have to get fucked by incumbent powers that own everything by default. Instead, people are sold pictures of apes for tens of thousands, up to millions, and the platform owners of these scams rake in the additional cash while the true potential of democratized ownership is slandered. + +[Yes, this is real. You should already have heard about this.](https://preview.redd.it/b6setbszwgh81.png?width=891&format=png&auto=webp&s=5ffa49ac1fcca4b39f0cc6ccbfd979f4f3ecbd68) + +&#x200B; + +[Yes, the dystopian novels you read in high school are no longer fiction](https://preview.redd.it/gh5ffwx8xgh81.png?width=896&format=png&auto=webp&s=f9971ee76e9dfa7359ee3bd69947405f91b7868c) + +I really wanted to write this post as a response to someone asking to write a DD on practical business models and applications, but the fact is that the only business model that exists for this technology is one that pushes back against the current establishment. + +Yes, NFTs are a social movement. I hate to say it, but it is what it is. You have to make people understand, or else we'll all continue moving in this direction of owning less, and our children will own even less, and when we're all plugged into our gated virtual worlds in tiers according to our financial class and we're paying our biological life energy for dopamine spike signals directly from Neuralink chips in our brains, there will be a lingering feeling that nothing has really changed. + +So get involved. I can't tell you how, but do not sit passively by and let things go to shit. Not financial advice. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +#Is Crypto Currency truly at risk due to Quantum Computers, and what can you do about it? + +There is no denying that the Quantum revolution is coming. Security protocols for the internet, banking, telecommunications, etc... are all at risk, and your Bitcoins (and alt-cryptos) are next! + +This article is not really about quantum computers[i], but, rather, how they will affect the future of cryptocurrency, and what steps a smart investor will take. Since this is a complicated subject, my intention is to provide just enough relevant information without being too *“techy.”* + +##The Quantum Evolution + +In 1982, Nobel winning physicist, Richard Feynman, hypothesized how quantum computers[ii] would be used in modern life. + +Just one year later, Apple released the “Apple Lisa”[iii] – a home computer with a 7.89MHz processor and a whopping 5MB hard drive, and, if you enjoy nostalgia, it used 5.25in floppy disks. + +Today, we walk around with portable devices that are thousands of times more powerful, and, yet, our modern day computers still work in a simple manner, with simple math, and simple operators[iv]. They now just do it so fast and efficient that we forget what’s happening behind the scenes. + +No doubt, the human race is accelerating at a remarkable speed, and we’ve become obsessed with quantifying everything - from the everyday details of life to the entire universe[v]. Not only do we know how to precisely measure elementary particles, we also know how to control their actions! + +Yet, even with all this advancement, modern computers cannot “crack” cryptocurrencies without the use of a great deal more computing power, and since it’s more than the planet can currently supply, it could take millions, if not billions, of years. + +*However, what current computers can’t do, quantum computers can!* + +So, how can something that was conceptualized in the 1980’s, and, as of yet, has no practical application, compromise cryptocurrencies and take over Bitcoin? + +To best answer this question, let’s begin by looking at a bitcoin address. + +##What exactly is a Bitcoin address? + +Well, in layman terms, a Bitcoin address is used to send and receive Bitcoins, and looking a bit closer (excuse the pun), it has two parts:[vi] + +A public key that is openly shared with the world to accept payments. +A public key that is derived from the private key. +The private key is made up of 256 bits of information in a (hopefully) random order. This 256 bit code is 64 characters long (in the range of 0-9/a-f) and further compressed into a 52 character code (using RIPEMD-160). + +NOTE: *Although many people talk about Bitcoin encryption, Bitcoin does not use Encryption. Instead, Bitcoin uses a hashing algorithm (for more info, please see endnote below[vii]).* + +**Now, back to understanding the private key:** + +The Bitcoin address “1EHNa6Q4Jz2uvNExL497mE43ikXhwF6kZm” translates to a private key of “5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreAnchuDf” which further translates to a 256 bit private key of “0000000000000000000000000000000000000000000000000000000000000001” (this should go without saying, but do not use this address/private key because it was compromised long ago.) Although there are a few more calculations that go behind the scenes, these are the most relevant details. + +Now, to access a Bitcoin address, you first need the private key, and from this private key, the public key is derived. With current computers, it’s classically impractical to attempt to find a private key based on a public key. *Simply put, you need the private key to know the public key.* + +However, it has already been theorized (and technically proven) that due to private key compression, multiple private keys can be used to access the same public key (aka address). This means that your Bitcoin address has multiple private keys associated with it, and, if someone accidentally discovers or “cracks” any one of those private keys, they have access to all the funds in that specific address. + +There is even a pool of a few dedicated people hunting for these potential overlaps[viii], and they are, in fact, getting very efficient at it. The creator of the pool also has a website listing every possible Bitcoin private key/address in existence[ix], and, as of this writing, the pool averages 204 trillion keys per day! + +But wait! Before you get scared and start panic selling, the probability of finding a Bitcoin address containing funds (or even being used) is highly unlikely – nevertheless, still possible! + +However, the more Bitcoin users, the more likely a “collision” (finding overlapping private/public key pairs)! You see, the security of a Bitcoin address is simply based on large numbers! *How large?* Well, according to my math, 1.157920892373x1077 potential private keys exist (that number represents over 9,500 digits in length! For some perspective, this entire article contains just over 14,000 characters. Therefore, the total number of Bitcoin addresses is so great that the probability of finding an active address with funds is infinitesimal. + +##So, how do Quantum Computers present a threat? + +At this point, you might be thinking, *“How can a quantum computer defeat this overwhelming number of possibilities?”* Well, to put it simple; Superposition and Entanglement[x]. + +Superposition allows a quantum bit (qbit) to be in multiple states at the same time. Entanglement allows an observer to know the measurement of a particle in any location in the universe. If you have ever heard Einstein’s quote, “Spooky Action at a Distance,” he was talking about Entanglement! + +To give you an idea of how this works, imagine how efficient you would be if you could make your coffee, drive your car, and walk your dog all at the same time, while also knowing the temperature of your coffee before drinking, the current maintenance requirements for your car, and even what your dog is thinking! In a nutshell, quantum computers have the ability to process and analyze countless bits of information simultaneously – and so fast, and in such a different way, that no human mind can comprehend! + +At this stage, it is estimated that the Bitcoin address hash algorithm will be defeated by quantum computers before 2028 (and quite possibly much sooner)! The NSA has even stated that the SHA256 hash algorithm (the same hash algorithm that Bitcoin uses) is no longer considered secure, and, as a result, the NSA has now moved to new hashing techniques, and that was in 2016! Prior to that, in 2014, the NSA also invested a large amount of money in a research program called “Penetrating Hard Targets project”[xi] which was used for further Quantum Computer study and how to break “strong encryption and hashing algorithms.” Does NSA know something they’re not saying or are they just preemptively preparing? + +*Nonetheless, before long, we will be in a post-quantum cryptography world where quantum computers can crack crypto addresses and take all the funds in any wallet.* + +##What are Bitcoin core developers doing about this threat? + +Well, as of now, absolutely nothing. Quantum computers are not considered a threat by Bitcoin developers nor by most of the crypto-community. I’m sure when the time comes, Bitcoin core developers will implement a new cryptographic algorithm that all future addresses/transactions will utilize. However, will this happen before post-quantum cryptography[xii]? + +Moreover, even after new cryptographic implementation, what about all the old addresses? Well, if your address has been actively used on the network (sending funds), it will be in imminent danger of a quantum attack. Therefore, everyone who is holding funds in an old address will need to send their funds to a new address (using a quantum safe crypto-format). If you think network congestion is a problem now, just wait… + +Additionally, there is the potential that the transition to a new hashing algorithm will require a hard fork (a soft fork may also suffice), and this could result in a serious problem because there should not be multiple copies of the same blockchain/ledger. If one fork gets attacked, the address on the other fork is also compromised. As a side-note, the blockchain Nebulas[xiii] will have the ability to modify the base blockchain software without any forks. This includes adding new and more secure hashing algorithms over time! Nebulas is due to be released in 2018. + +##Who would want to attack Bitcoin? + +Bitcoin and cryptocurrency represent a threat to the controlling financial system of our modern economy. Entire countries have outright banned cryptocurrency[xiv] and even arrested people[xv], and while discrediting it, some countries are copying cryptocurrency to use (and control) in their economy[xvi]! + +Furthermore, Visa[xvii], Mastercard[xviii], Discover[xix], and most banks act like they want nothing to do with cryptocurrency, all the while seeing the potential of blockchain technology and developing their own[xx]. Just like any disruptive technology, Bitcoin and cryptocurrencies have their fair share of enemies! + +As of now, quantum computers are being developed by some of the largest companies in the world, as well as private government agencies. + +No doubt, we will see a post-quantum cryptography world sooner than most realize. By that point, who knows how long “3 letter agencies” will have been using quantum technology - *and what they’ll be capable of!* + +##What can we do to protect ourselves today? + +Of course, the best option is to start looking at how Bitcoin can implement new cryptographic features immediately, but it will take time, and we have seen how slow the process can be just for scaling[xxi]. + +The other thing we can do is use a Bitcoin address **only once** for outgoing transactions. When quantum computers attack Bitcoin (and other crypto currencies), their first target will be addresses that have outgoing transactions on the blockchain that contain funds. + +This is due to the fact that when computers first attempt to crack a Bitcoin address, the starting point is when a transaction becomes public. In other words, when the transaction is first signed – a signed transaction is a *digital signature* derived from the private key, and it validates the transaction on the network. Compared to classical computers, quantum computers can exponentially extrapolate this information. + +Initially, Bitcoin Core Software might provide some level of protection because it only uses an address once, and then sends the remaining balance (if any) to another address in your keypool. However, third party Bitcoin wallets can and do use an address multiple times for outgoing transactions. For instance, this could be a big problem for users that accept donations (if they don’t update their donation address every time they remove funds). The biggest downside to Bitcoin Core Software is the amount of hard-drive space required, as well as diligently retaining an up-to-date copy of the entire blockchain ledger. + +Nonetheless, as quantum computers evolve, they will inevitably render SHA256 vulnerable, and although this will be one of the first hash algorithms cracked by quantum computers, it won’t be the last! + +##Are any cryptocurrencies planning for the post-quantum cryptography world? + +Yes, indeed, there are! Here is a short list of ones you may want to know more about: + +* IOTA[xxii] +IOTA uses Winternitz one-time signatures[xxiii]. As the name suggests, an address is considered compromised once it signs a transaction on the network, and, therefore, you can only send from an address one time before it’s compromised. + +* ADA (Cardano)[xxiv] +The Cardano roadmap lists quantum resistant signatures using “BLISS.” While BLISS is a strong hashing method, it has an estimated lifespan with classical computers of 6000 signatures (usages)[xxv] but this number could be significantly reduced with quantum tech. + +* Ethereum[xxvi] +The Ethereum network, as well as many more blockchain networks, use the SHA3[xxvii] hash algorithm which is superior to SHA256. Although this is considered by some to be resistant, it is not technically quantum resistant. There is talk of using Lamport Signatures[xxviii] in the future of Ethereum. Although it is not definite at this point, it’s great to see the developers proactive. + +* QRL (Quantum Resistant Ledger)[xxix] +This blockchain concept was conceived in 2016 and is currently in beta testing. Using XMSS (Extended Merkle Signature Scheme) trees combined with Winternitz one-time signatures (but not one time!), it’s fast, salable and truly quantum resistant. If you have not yet checked out this project, I highly suggest you do. To understand why this project is truly *post-quantum cryptography* ready, do your own due diligence and read the QRL whitepaper. + +##Full disclosure: +Although I am in no way associated with any project listed above, I do hold coins in all as well as Bitcoin, Litecoin and many others. + +The thoughts above are based on my personal research, but I make no claims to being a quantum scientist or cryptographer. So, don’t take my word for anything. Instead, do your own research and draw your own conclusions. I’ve included many references below, but there are many more to explore. + +In conclusion, the intention of this article is not to create fear or panic, nor any other negative effects. It is simply to educate. If you see an error in any of my statements, please, politely, let me know, and I will do my best to update the error. + +Thanks for reading! +*** +##References + +[i] https://www.youtube.com/watch?v=JhHMJCUmq28 – A great video explaining quantum computers. + +[ii] https://www.doc.ic.ac.uk/~nd/surprise_97/journal/vol4/spb3/ - A brief history of quantum computing. + +[iii] https://en.wikipedia.org/wiki/Apple_Lisa - More than you would ever want to know about the Apple Lisa. + +[iv] https://www.youtube.com/watch?v=tpIctyqH29Q&list=PL8dPuuaLjXtNlUrzyH5r6jN9ulIgZBpdo - Want to learn more about computer science? Here is a great crash course for it! + +[v] https://www.collinsdictionary.com/dictionary/english/quantify - What does quantify mean? + +[vi] https://en.bitcoin.it/wiki/Private_key - More info about Bitcoin private keys. + +[vii] https://www.securityinnovationeurope.com/blog/page/whats-the-difference-between-hashing-and-encrypting - A good example of the deference between Hash and Encryption + +[viii] https://lbc.cryptoguru.org/stats - The Large Bitcoin Collider. + +[ix] http://directory.io/ - A list of every possible Bitcoin private key. This website is a clever way of converting the 64 character uncompressed key to the private key 128 at a time. Since it is impossible to save all this data in a database and search, it is not considered a threat! It’s equated with looking for a single needle on the entire planet. + +[x] https://uwaterloo.ca/institute-for-quantum-computing/quantum-computing-101#Superposition-and-entanglement – Brief overview of Superposition and Entanglement. + +[xi] https://www.washingtonpost.com/world/national-security/nsa-seeks-to-build-quantum-computer-that-could-crack-most-types-of-encryption/2014/01/02/8fff297e-7195-11e3-8def-a33011492df2_story.html?utm_term=.e05a9dfb6333 – A review of the Penetrating Hard Targets project. + +[xii] https://en.wikipedia.org/wiki/Post-quantum_cryptography - Explains post-quantum cryptography. + +[xiii] https://www.nebulas.io/ - The nebulas project has some amazing technology planned in their roadmap. They are currently in testnet stage with initial launch expected taking place in a few weeks. If you don’t know about Nebulas, you should check them out. [xiv] https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory - Country’s stance on crypto currencies. + +[xv] https://www.cnbc.com/2017/08/30/venezuela-is-one-of-the-worlds-most-dangerous-places-to-mine-bitcoin.html - Don’t be a miner in Venezuela! + +[xvi] http://www.newsweek.com/russia-bitcoin-avoid-us-sanctions-cryptocurrency-768742 - Russia’s plan for their own crypto currency. + +[xvii] http://www.telegraph.co.uk/technology/2018/01/05/visa-locks-bitcoin-payment-cards-crackdown-card-issuer/ - Recent attack from visa against crypto currency. + +[xviii] https://www.ccn.com/non-government-digital-currency-junk-says-mastercard-ceo-rejecting-bitcoin/ - Mastercards position about Bitcoin. + +[xix] http://www.livebitcoinnews.com/discover-joins-visa-mastercard-barring-bitcoin-support/ - Discovers position about Bitcoin. + +[xx] http://fortune.com/2017/10/20/mastercard-blockchain-bitcoin/ - Mastercard is making their own blockchain. + +[xxi] https://bitcoincore.org/en/2015/12/21/capacity-increase/ - News about Bitcoin capacity. Not a lot of news… + +[xxii] https://learn.iota.org/faq/what-makes-iota-quantum-secure - IOTA and quantum encryption. + +[xxiii] https://eprint.iacr.org/2011/191.pdf - The whitepaper of Winternitz One-Time Signature Scheme + +[xxiv] https://cardanoroadmap.com/ - The Cardano project roadmap. + +[xxv] https://eprint.iacr.org/2017/490 - More about the BLISS hash system. + +[xxvi] https://www.ethereum.org/ - Home of the Ethereum project. + +[xxvii] https://en.wikipedia.org/wiki/SHA-3#Security_against_quantum_attacks – SHA3 hash algorithm vs quantum computers. + +[xxviii] https://en.wikipedia.org/wiki/Lamport_signature - Lamport signature information. + +[xxix] https://theqrl.org/ - Home of the Quantum Resistant Ledger project. +TLDR : Be retaded but don't be fully stupid. + +Mods, please do a better job at recognizing fake DD's and that it's a red flag if a DD (outside of u/deepfuckingvalue) get's 10+ awards in the first 5 mins of posting with no upvotes. Seriously... + +First up, WEBR!!! What doesn't scream red flag like only 100 upvotes but 62 awards in 1 hr of uploading at 9:30am? However, if any of you see the word "squeeze" and choose to buy, perhaps your best without money to begin with. + +[he should be banned for trying a pump and dump](https://preview.redd.it/8eomryhzqdu81.png?width=1404&format=png&auto=webp&s=c83bed4ea1e400b8eb00e194ccf7f45abe151a41) + +&#x200B; + +Second, BBAI!!!! This fake ass DD has smaller DD's than my dried up mum who birthed 8 fucking children!!!! Seriously, her dried up breast milk would provide better returns than this muppet. The slightest bit of research would help him know that they are waiting on an S-1 effect filing and the float is about to double in size. Only thing squeezing in BBAI is my nuts from the incoming loss porn. + +&#x200B; + +[how many of you actually thought he was smart? surely not many I hope.](https://preview.redd.it/u3roykl2sdu81.png?width=1342&format=png&auto=webp&s=cea1374e868ee7279eb8fb9c730e2ab8c0b1a67f) + +Lastly, I have tiny genitals so my anger can be excused. I am a short, fat, plump chicken that lives everyday in fear of being eating or having my eggs stolen. If you argue with me, you're arguing with a fucking farm animal. SUCK MY EGGS AND BE SMART!!!! + +EDIT : Great. Now I look like what I just wrote about. Over 20 bloody awards and hardly 100 upvotes... THIS IS WHAT I WAS TALKING ABOUT!!!!!! NO MORE MEANINGLESS FUCKING AWARDS ON A POST MADE BY A CREAMY CHICKEN COCK!!! + +EDIT 2 : This has gone horribly wrong. I made this to call out fake awards and now I look like everything I said. BWAK BAWK KLUK BAWK BWAK!!!! +Tldr + +Citibank merged or gave away my account to another customer of theirs. They replaced my name and SSN with this other person's. Gave him a debit and credit card with the same exact numbers as mine but with his name on it. Pretty much replaced me as the account holder and transfered it to his name, but decided to keep all the contact info as my own. Freezes my checking account along with the loan that the other guy opened. Even though he's the one that opened it, they still put me in default for that loan. I can no longer open an account with any other bank because of this problem. + +- + +Before you read, it's quite possible that this might not be fraud. There's a chance that Citi made a terrible mistake and merged my account and someone else's account into one. Could still be theft, just unsure. Don't know whether to take citi's word at this point. + +Tried logging into my CB account last night to pay off a bill but after multiple attempts at recovering my account, I was locked out. I then proceeded to call cs and was told that some of my information was incorrect, such as my SSN, and then he proceeded to tell me someone else's SSN to try changing the pw with. After logging in I noticed that the name on the account was different and there was a loan opened up for 20k. Checking through the account credentials, it had my address, phone number and email. Called cs back to speak to a supervisor and was told that the account didn't belong to me, that my credit/debit card and account number belonged to someone else. Unsure if this is identity theft because this guy has been paying off the loan but hasn't touched my checking account at all. + +I was told that they don't know why or how this could have happened, and they're recommending that I close the account and open a new one. That the loan made was through this other person and not from me so I haven't been affected. + +They've just called up fraud and have stated that it is in fact identity theft. But my question is, how could this have been possible? How is it that they they were able change the SOCIAL SECURITY? And they're also telling me that due to the government shut down the department that can fix this will not take phone calls until it's back up?! LOL I AM FUMING. But should I not be worried since apparently the money was supposedly not approved through my name? I've even tried getting a loan from them before the incident for a lesser amount and was declined. So things don't add up. + +So now I'm wondering, what can I do? Someone please help. + +I pressed the woman handling my problem on the matter at how they should be held reliable and how this shouldn't have happened in the first place but she says that it isn't citi's fault and keeps accusing the person who stole my identity. Lol Fuck citi. + +Update: I've just been told that I can't make a new account as I'm going into default. Citi should be held accountable. Trying to transfer it to another bank. + +Update 2: Just found out that it's 100% citi's fault and they don't want to take the blame for it. They somehow merged my account and someone else's account into one, no identity theft. Both I and the other person has reported the incident and they will not allow me take out my own money because they're stating that it could be the other person's. They told me to call customer service and try to speak to someone in corporate. Lol this is great. + +Update 3: Both the branch and citibank customer service says that neither of them can do anything. Contacting the CFPB. +I can't remember the DD library guy's name and really am looking for some help to figure out what the algo he uses for permanent backup of a decentralized library of knowledge. Any help on finding that is appreciated... + +--- + +Any apes that don't know what I'm talking about - this is literally some of the post powerful aspects of decentralization and being able to maintain truth of transactions... it's a really cool implementation of the core aspects of crypto and ETH and stoked our fellow ape took advantage of it and looking to share this outside our sub. +[Personal Financial Literacy as a High School Graduation Requirement ](https://www.branchoutfinance.com/post/personal-financial-literacy-as-a-high-school-graduation-requirement) +Reposting after getting approval from a mod because of low karma, because, well, I’m just a lurker! + +From those of us quietly lurking since Jan 2021: + +We bought into the hype last January with the little bit of money we could spare, we are an “X” holder (maybe now an “XX” after the splividend), and definitely don’t have the ABILITY to financially contribute the way many of you have indicated… + +But we’re here. + +We hang around, read some DD when we can, and get just as angry about the corruption as the rest of you. We may not comment, we may not award, and sometimes we may not even thumbs up a post because we didn’t fully read/understand it and don’t want to accidentally “sponsor” bad posts or information. + +But we’re here. + +We PROBABLY haven’t DRS’d our “X” or “XX” shares, because we didn’t think it would make a difference, or it seemed too complicated at the time. For those of us that did do it, we may not have posted about it. + +But we’re here. + +I am one of those people and am seeing too many of the lies after this splividend to stand it anymore, so I’m going to try and find time to figure out how to get my few shares DRSd. For others like me, it looks like it’s not just for protection of your investment, but potentially the only way to actually show the markets for what they are. If we’re right, we were part of a world-changing story. If we’re wrong, all it cost was a bit of time. + +Last question for those with way more knowledge - even if we DRS 100% of the float… how will that change anything? Is there anyone to actually ENFORCE the fact they’re playing with fake shares? If DRS is 100%, it’s IMPOSSIBLE to close, so part of me expects the corruption to just let it keep happening in front of everyone’s faces, as if saying, “your facts don’t matter to my money.” + +From all of us lurking, thanks for being an awesome community. +February 22nd 2019 is the last day I worked so it's been 3 years now. + +Last year's post is here: https://www.reddit.com/r/financialindependence/comments/lppel7/two_year_update_39_yo_fired/ + +**Expenses** + +So unfortunately I've changed the way I spend money and it's not compatible with Mint anymore, so I don't have the full category breakdowns with charts / graphs I've had in the past, but I'll do my best. + +**Taxes:** $50,245. I paid $40,000 in quarterly Federal estimated taxes and $8000 in quarterly State estimated taxes, in addition to the $655 I owed for Federal and $1575 I owed for State last April. (I realized a bunch of capital gains last year and had some significant interest income.) + +**Home:** $3460. $99 per month for HOA, $515 for the year for Insurance, and I've started investing my HELOC so I have about $185 per month in Interest from that, plus the $50 yearly HELOC maintenance fee. $1520 in property taxes. + +**Healthcare:** $4840. Health Insurance was $327 last year and $345 starting this year with Dental going from $26 per month to $28 per month. Got a Crown last year that cost me $565. + +**Utilities:** $2450. Electric for the year $842 (just over $100 in the four A/C months, and $50 the rest of the year). Gas for the year $456 (~$70 in the four winter months, $17 for the rest of the year) Internet is still $73 per month ($876). Phone bill is $275 for the year. + +**Automotive:** $2175. I spent $1059 on gas last year and drove a total of 5200 miles. Auto Insurance was $506 per six months, twice, so $1012. $105 oil change. No other maintanence, but I'll probably be getting my brakes done and need new tires this year, so that will be a hit. + +**Entertainment:** $657. $13.77 for Amazon Prime, $7.99 for Disney+, $17.99 for Netflix, $9.99 for Spotify, and $5 for Clash of Clans. The Prime, Netflix, and Spotify are all reimbursed (~$430 per year). I also spent around $120 on other video games last year. + +Debit Card: $12,592. Now the categorization problem. I switched over to using a pre-paid debit card (5% cash back) but it does not have Mint integration, and I'm not going to categorize the 400+ lines by hand. I did a quick run through and just threw a "1" next to lines that looked like food / dining / snacks, and a "2" against lines that looked like "misc spending" whether that be gifts, clothes, shoes, bidet, etc. That $12,592 is the grand total I put on the debit card over the year with about $2600 of that total already categorized above (e.g. Prime/Netflix/Spotify, Internet, and some other stuff is all on the Debit Card). + +**Food:** My "Food" tally was $8590. This more/less matches the $8000-$9000 in spending I've had the past two years. + +**Purchases:** $1408. This included things like my $566 bidet, $80 shoes, a few hundred dollars in Christmas gifts, movie ticket purchases, my $115 concealed pistol license renewal, and other Amazon purchases. + +**TOTAL** Ignoring the Taxes section, my total expenses add to $23,580. This pretty much jibes with my expenses from last year ($28,000, but I had several big "one-timers" last year like the $2000 roof assessment and $3500 TV I bought). + +--------------------- + +**Investments:** + +I'll just add to the Table I posted last year. + +Type|Retirement Day|1 Year|2 Years|3 Years +:--|:--|:--|:--|:-- +*Traditional IRA*|$299,000|$348,000|$380,170|$410,285 +*Roth IRA*|$14,500|$18,150|$70,236|$75,800 +*Brokerage*|$18,400|$22,900|$37,108|$179,110 +**Total Vanguard (3 Above)**|$331,800|$389,100|$487,515|$665,195 +Other Holdings, Crypto/Bitcoin|$145,000|$291,000|$1,315,000|$985,000 +HSA Investment|$6000|$7400|$8760|$9453 +Cash|$20,000|$9000|$135,000|$9345 + +Crypto is down a little bit from where it was 1 year ago, but that still puts me at around $1,670,000 in financial accounts. During the bull run last year for Bitcoin I sold off a bit and moved the money into my brokerage account, which is why I'm going to have a $40,000+ tax bill this year. + +I also started getting into the DeFi, Crypto Lending / Interest Earning systems. I ended up having interest income of ~$52,000 last year, which is pretty nice given my expenses are in the $25,000 range. And that was just for the partial year, I'm expecting closer to $80,000+ this year. + +It's a bit risky and out of many peoples comfort zones, but I'd been working out okay for me so far. + +**The Living Part** + +Is this pandemic thing still going on? Has it been another whole year already. + +I'm still not going out a whole bunch, but it's certainly not as locked down as before. My D&D buddy and his wife had another kid last year and the pregnancy was pretty rough (just constantly tired / nauseous.) So D&D was on hold but I was still going over and playing other games. Going hard on Gloomhaven, and lately we've been playing Terraforming Mars which was surprisingly good. Now that the kid is born and Mom's feeling better, last week we had a quick 30-minute "Session 0" to re-establish where we are in the world, do some in-town tasks (buy new horses since a Troll ate ours...) and what we want to do going forward. I just got a text today inviting me over for D&D this weekend, so yay! + +Home life is same old. I'm kind of on a 6-8 hour sleeping cycle many days. Get up in the morning, drink some water, hang out listening to a podcast or watching a video, then going back to sleep for a few hours. Lots of periodic napping. + +Two of my cousins are planning on a cruise getaway in the fall which I might go on. I've never been on a cruise but I want to, and this might be a good chance. My one cousin (36F) has been cruising solo for the past couple years, and now it's her and her brother (34M) who are arranging this thing in the fall. This might be a good opportunity to reconnect. The Cousins have never really been close: we all get along and are excited to see each other, but it was really only a twice a year 4th of July and Christmas situation, which totally evaporated the past two years for obvious reasons. + +**Moving House** + +One last topic, I guess. I'm considering moving house soon. I've been in this 800 sq ft condo for 12 years now and I'm thinking about moving to 1) upgrade and 2) be closer to my circle of friends. [Rough Map](https://i.imgur.com/6PqU5Ky.png) "B" is the D&D friend and one I hang out with the most but is 30 miles away. + +As we all get older I can only assume we'll be hanging out together more and more often, especially once these guys start retiring too. I want to move into a bigger (and nicer) place that is more centrally located to my inner circle of 4 close friends. + +There are some really nice areas over there and I'm looking at places that are currently in the $350,000 to $450,000 range. Things keep coming up for sale and I have my eye on a few neighborhoods, but I'm just not ready to pull the trigger just yet. I'm not **really** in any rush, there's nothing pushing me other than a mere desire. So I can wait. Wait out the pandemic, wait out the... whatever it is the market is doing right now. Wait for the next Crypto bull run later this year or next year. But I'll keep looking at Zillow and refining what exactly I'm looking for. Maybe one will pop up that I just cannot refuse. We'll see. +I’ve secured an entry level job within banking (in a fairly small/medium sized bank) and have discovered branch managers earn around $75k, home lenders about the same, senior tellers around $62-65k. + +I love finance and I love what I’m doing even as an entry level teller. I’m currently on $56k + Super, and want to put in place a 6 month, 1 year, 3 year, 5 year and 10 year plan. But from the look of it, beyond what I mentioned I’m not sure how much upscaling I can do that earns a very decent salary. I assume leveraging and working for a bigger bank is an option, however the bank I work with really does care about its members. I see it in my co workers, manager, and the members themselves. + +If anyone is in banking, I’d love to know your progress or advice. +A few months ago I posted a thread on how you think WFH will play out and whether we will see it stay or retrace back to pre-COVID. + +[https://www.reddit.com/r/AusFinance/comments/lhwje7/how\_do\_you\_think\_wfh\_will\_play\_out/](https://www.reddit.com/r/AusFinance/comments/lhwje7/how_do_you_think_wfh_will_play_out/) + +With the amount of work forces that have done soft launches of back to work post Australian Day I was wondering whether most people are still enjoying the flexibility or they have seen their employers pressuring people to go back. + +My previous thesis (in line with my personal experience) was that career progression FOMO, social pressure, and middle management will erode some of the gains made for WFH once we started to head back. Wondering how its played out. +Hi all, so I’m moving back to the UK (England)from abroad and there’s going to be a lot of things myself and my wife will need to buy - were having our first baby (well be needing stuff for the house, we’ll need to buy a car (I’m planning on buying an inexpensive 2nd hand ~5-7k) and groceries every month etc etc) + +I’ve never had a rewards card before and thinking this is a good time. Any tips? + +Edit* Thanks for all your replies. Sorry I didn’t make this clear in my OP but we have more than enough money in savings with a good amount for investments, an emergency fund etc. We’d be able to easily pay off the card each month with no risk of debt. I am a UK national and have had a Uk account with Lloyd’s for the period of 5 years I’ve been in Europe - with some direct debits coming out each month (student loan for example). I just wondered about a credit card as I’d like to get rewards for the things we will need to buy - thanks for your concerns though :) +As the title says. I'm debating whether to sell in auction or go through one of these companies. The market seems buoyant but only in pockets of locations and property types I guess. + +Wondered if anyone has had any experience with these types of companies and if you would even recommend entertaining their offers. Thanks. +&#x200B; + +[ 👀 whew lad 👀 ](https://preview.redd.it/pf0qxuydy3b71.png?width=1480&format=png&auto=webp&s=c108fed863beb4caea63badab099bcc84f4964a1) + +Anyone with wrinkles wanna explain why I shouldn't stay so jacked it hurts? + +For the smooth (me): + +>[Volume and open interest](https://www.investopedia.com/trading/options-trading-volume-and-open-interest/) are two key technical metrics that describe the liquidity and activity of [options and futures](https://www.investopedia.com/ask/answers/difference-between-options-and-futures/) contracts. "Volume" refers to the number of contracts traded in a given period, and "open interest" denotes the number of contracts that are active, or not settled. Here, we examine these two metrics and offer tips for how you can use them to understand trading activity in the [derivatives](https://www.investopedia.com/terms/d/derivative.asp) markets. +> +>KEY TAKEAWAYS +> +>Volume and open interest both describe the liquidity and activity of options and futures contracts. +> +>Volume refers to the number of trades completed each day and is an important measure of strength and interest in a particular trade. +> +>Open interest reflects the number of contracts that are held by traders and investors in active positions, ready to be traded. +> +>Volume reflects a running total throughout the trading day, and open interest is updated just once per day. + +[https://www.investopedia.com/ask/answers/050615/what-difference-between-open-interest-and-volume.asp](https://www.investopedia.com/ask/answers/050615/what-difference-between-open-interest-and-volume.asp) +Technically three dollars. So, I have a date on Thursday with a man I met on a dating site. He's paying for everything but I'm not getting into a car with a man I barely know. I tried dating him before and I could barely afford bus fare and he canceled that date due to a doctors appointment he forgot about. But he gave me some money so I could get have a little fun with myself. I get paid on Friday but it probably won't be here until late afternoon on Friday. i hate having to ask him for money since he's already gave me money when I really needed it before... So should I just cancel? Or should I just let the guy pick me up and drop me off close to my house? I only knew him for three weeks... +Looking for some advice for one of my friends (Rose) who is 66 and "was" considering retirement within the next few months. Her husband (Geoff) cannot work for health reasons (70 y/o with 2 strokes). + +Rose recently discovered that Geoff has been hiding a £14.3k credit card debt, with £260 being paid in interest per month (1.8% p/m interest?). She had £6k from a small pension payout that she immediately used to bring the debt down to £8.3k. + +Having frequented this sub before, I'm advising her to speak to StepChange and cut up the credit card yesterday. Are there any other resources I should be aware of? + +&#x200B; + +&#x200B; + + +I am currently on a 12 month industrial placement at corporate company. I have the option to contribute to my private pension whilst I'm here. The employers will also contribute. + + +Currently I earn approx £1,500/month and am left with approx £1,300 after tax / NI. My monthly expenses are under £1.2k. + +**Is it a good idea to enroll in the private pension?** + + +*My worry:* + +- I'm not living at home and have to think about rent, food, bills, and other expenses. My monthly expenses are under £1.2k. + +- I don't want to be stressing about money or getting a 2nd job whilst on placement. I only have £1k in my emergency fund right now (not enough). I definitely need to build this. + +Yes I'm not bothered hugely about saving right now given I'm learning a lot and moving out (gaining independence) is a feat in itself. + +Would it be worth it **financially** to have all the above expenses as well as pension? This would reduce my take home pay even more... + +Already at the end of the month I have about <£150 to put into my savings. + +**FURTHER INFO/CLARIFICATION:** +- monthly salary (after tax): £1.3k +- monthly expenses: under £1.2k +- emergency fund: £1k +- why savings? Saving for a car/insurance, holiday, long term to buy a house, and to continue building an emergency fund. +- employer *WILL* contribute to pension +A lot of people are calling for much lower and I’m very skeptical this is the case. It seems like a rehash of the 100k predictions but in the opposite direction. + +Everywhere I read on this sub people are throwing out random low ball numbers based off feeling rather than data - and people who do cite their predictions based off “inflation is the highest it’s been since 1981 and a recession is coming” I guarantee haven’t actually looked back at what happened in 1981. + +Also people saying the bottoms not in because the suicide hotline hasn’t been posted yet. Did you not see the Luna subreddit, or people talking about their Cro stake?! +Just because it’s not here right in front of your eyes it doesn’t mean it’s not there. + +Obviously no one can pick the bottom, but there is a ton of data available to suggest where one might be. +You don’t bet on a horse based off feeling, you bet on it because you know it’s previous race history. + +I also don’t think this “recession” is as bad as people expect it to be and this is rather a large correction in the wake of the last few years of green since the covid crash and all the money that was printed. +I believe the big one is still to come, but I feel we’ve still got one last big leg in before this happens. + +I have formed this opinion from all the data I’ve trawled through, and I’ll explain why I think this is case below. + +———————————————————— + +First off from a pure macro data point BTC is right where it should bounce - or bloody close to it, if it is to follow previous market cycles. + +1. A BTC bear market low has never broken the previous all time high. Previous ath was 19.8K + +2. In all previous bear markets the 200ma on the weekly has provided support and been a strong cycle bottom indicator (yes it has broken below down to the 300ma once or twice but this has always come with a very quick recovery). + +3. The weekly RSI is the lowest it’s ever been of any bear market, which indicates BTC is the most over sold it’s ever been in its history. + +4. BTC rainbow chat is now in the dark blue. + +5. The fair value indicator has diverged massively with fair value now at 41.5K. Divergences this large at almost double the current price have strong bottom signal. Last bear market the largest divergence was half and this was right on the bottom. + +6. Stock to flow - I know some people don’t follow this chart after the 100K predictions but it still provides valuable data if you take it with a grain of salt and account for diminishing returns. +The chart is now bright green, previous market cycles have bottomed when this has occurred. + +7. BTC has hit the second lower logarithmic regression band. There’s still one more lower band at the 16K, but taking into consideration diminishing returns & diminishing losses, the lowest band should not be touched just as the highest band was not touched at peak 2 years prior. + +8. Fear and greed is the second lowest it’s ever been. + +9. Finally on the weekly candle charts in logarithmic we have a rising trend line since 2013 that has never been broken. + +There is still plenty more data suggesting this is the bottom but these are just a few of the main ones I have picked out. +Obviously there is no way to predict a black swan event, but the only one I can reference in crypto is the covid crash and this still didn’t break macro data. + +——————————————————— + +Moving onto why I believe we still have one more large leg up before a recession. + +A lot of people are citing inflation and interest rate hikes to be the catalyst of this recession. Inflation is the highest it’s been since 1981, and in 1981 people were claiming the same thing but what followed was quite different. + +To have an idea of what might happen, you have to look at what has happened. History always has a funny way of repeating itself. + +In 1981 inflation was very high, the stock market dumped, Iraq invades Iran and President Reagan was shot in an assassination attempt. But what followed was a parabolic rally till 1987 after inflation got under control, then a major global recession hit. + +Today inflation is the same as 81, the stock market has plummeted, Russia invaded Ukraine., and all we need now is an assassination attempt.. on hopefully an old Soviet era dick of a leader 👀 + +As long as inflation gets under control, which I’m sure is in the Fed’s best interest, a scenario like 1981-87 can very well happen again. + +My belief is a major recession will come in 2027-29 for a few reasons; + +1.Unemployment is at an all time low, at least here in NZ. A lot of other western countries are also low. + +2. Many large companies are posting their largest profits ever. + +3. The banks have been extremely cautious with lending since the 2008 subprime mortgage crisis, so the average joe is not going to suddenly default on their debts. + +4. The world is moving on from covid and supply chains are all starting to free up again. + +Finally, +When we have large recessions that hit hard it’s because property gets effected too. And currently the property market doesn’t look like it’s going to crash anytime soon due to low unemployment, secure lending, landlords earning more on rent and housing still selling for record highs. + +The property market is one of the oldest in the world and it’s what the most people have exposure to. +Mum dad and the kids don’t have stock portfolios, but they do have a mortgage or rent, and a majority of people are in this same boat. So that’s why when the property market crashes, everyone feels it. + +And an interesting thing to note, just like stocks or any other market, the property market cycles too. Being a slower moving, larger market, cycles take a lot longer - about 18.5 years on average if you look at history, which would put the next big crash at 2027-28. + +- 19 years ago was the 2008 recession. + +- 20 years before that was 1987 financial crisis. + +- 18 years before that was 1970, the early 70s a notorious period of economic stagnation. + +- 17 years before that was 1954. The recession of the mid 50s + +- 18 years before that was 1936, americas third worst recession of the 20th century. + +- 21 years before was 1914, WW1 + +So in following this 18.5 year cycle 2022-23 is too early. + + +This is all obviously macro data and price can fluctuate short term in markets, but in the bigger picture I truely believe the bottom is now/very soon for both the stock market and crypto. + +I’m aggressively buying now, and I’m not suggesting you do too. All I’m saying is take some time to look at the bigger picture, it might just change your life. +As you may or may not have noticed, the markets do not follow any kind of logic or trend at the moment. Whether or not all the unemployment and infection rate is priced in does not matter, for you will not realise if it was or wasn't until about a year after this is all over. + +You might reasonably wonder "but when do I invest? Is the market going down? Will it be a V-shaped recovery?" and once again the answer is: nobody knows. If someone pretends to know, do not listen to them. + +During all this uncertainty and stress, I want to give my 2 cents on how to deal with it. I am sure many of you already apply this one way or another, but in my opinion it is not talked about enough. It's a simple way called: pick...that...price + +Analyze the company you want to invest in, check their balance sheets, PE ratio, management, plans for the future and past stock prices. After you have done that, put a price on what you are willing to pay per share. For example, I will only buy AAPL if they drop to 220. If they don't? I will not be buying and will instead focus my intention on another stock. If they do? Great, I will be buying. If they drop even more? Even greater, this is where DCA becomes an important part of your investment strategy, go in slowly after a share has reached a certain price point. Set these prices, write them down and try your best to not to budge. + +The most important part of making this work is simple, keep emotion out of it. If you can't handle your portfolio displaying red numbers, log out and log back in after some time has passed. Emotion clouds judgement and the market does not care about you feeling bad about it going up or down, so try your best to remember this. + +I am well aware that this is easier said than done, but this is what has worked for me and I hope it works for you as well and takes some of the stress off of what can be one hell of a ride in this current market. Best of luck to all of you. +My parents want us all to have power of attorney (financial not medical) over my adult special needs brother. +My brother is very vulnerable and has a lot of behavioural issues. My worry is, if he gets involved in something financially dodgy, can I be held liable in anyway as someone with power of attorney? For eg if someone online convinces him to accept money and pass it onto another account (ie money laundering) or something similar, can I get into trouble? He's actively online gaming and constantly talking to people and it wouldn't surprise me if one day he gets roped into something but this is out of my control as my parents look after him. +Is there anything I need to seriously consider before becoming power of attorney? +Edit: I should probably mention my parents want to arrange this now all at once in case they die or for when they get too old, that way it's already all set up for me to take over dealing with his affairs when they can't anymore. + +Thanks! +My 60 year old technologically illiterate mother just asked me what cryptocurrencies to invest in. May God have mercy on us. + +Jokes aside, it's great to finally see crypto start to become more mainstream. In the long term this is good for everyone but as the old adage goes; when your grandmother asks you about bitcoin, buckle up and hold on to your knickers. +Hi, I'm relatively new and asked myself following. + +If I have a stock that I expect to jump from 100$ to (let's say) 130$, which calls would give me more profit on that? + +Would it be the 110$C that are now big ITM or rather the 150$C that's still kind of far OTM? +Genuinely curious how everyone is handling these markets. Are you sitting on your hands, are you making a ton of money, are you bleeding, or something in between? +I'm relatively new to day trading, so I want to know what I'm getting into before diving into the deep end. By definition, if you're a day trader, you aren't supposed to hold anything overnight, and naturally, you won't have to wake up to any gap up or downs. So, what keeps you up at night? Sorry for the ignorant question, but what are your fears, frustrations, problems, and challenges then, if any? And how do you deal with them? +Your opportunity to make a real difference! Devs are fully transparent and are really looking to make social impact. + +🤝A small percentage of every transaction of GAPT will be sent to the donation wallet, and every month those funds will be released to a donation of YOUR choice. 🤝 + +🏔Big or small🐣, the kind of organization or people GAPT helps is for you to decide. Remove the floating island of trash in the ocean🏝? Want to donate to homeless guinea pigs🐹? It's up to you. + +To make sure there's a real trust between the investors and the development team, everything is going to be 100% transparent. + +Why GAPT? +🔎The developers are doxxed, and expenses (legal, market listings, audit, etc) will come with receipts.🔍 + + 🔥 • DEV DOXXED: https://www.youtube.com/watch?v=6Up-8-lzS9E + 🔥 • ANOTHER DEV DOXXED and a thank you!: https://streamable.com/h4pxoj + +💎The team is doing everything in their power to ensure the long-term potential of the project, starting with preventing bots, whales, and other tampering's.💎 + + • Locked liquidity, starting with a 10-year locked LP. + • The latest word in smart contract development. + +🌎It's nice to help the world, but we all want to get something in return.💍 + + • Along with a monthly charity, GAPTs plans future DApp development for a Lottery for the holders. +The team has big plans, and the roadmap for 2021 is full of interesting developments, starting with maximizing the value of $GAPT for its holders. + +👇 PancakeSwap buy link: + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x63a4644142CA6dc83CfE0E2bdba8d62174491fD8 + +📈 Chart: + +http://poocoin.app/tokens/0x63a4644142CA6dc83CfE0E2bdba8d62174491fD8 + + +📄Contract : https://bscscan.com/address/0x63a4644142ca6dc83cfe0e2bdba8d62174491fd8#code📄 + +Website: https://gapt.io +Telegram: https://t.me/GAPTChat +Hi guys + +So I was renting a house, and I basically got injured at work and was unable to work for some time, it resulted in me building up some debt to my landlord (~£2,500), i got back on track and started working, we arranged £100 per month repayment as I planned to live there long term, he was OK with it. + +So my rent was £650 and I paid £750. After about 6 months landlord came over saying that all properties around mine had price increase and average rent is like £750, he demanded that figure + extra for debt repayment. I said that I don't believe it as I am in contact with couple neighbors and they paid around £550-600 at that time, I said that I am not going to pay £750 and will leave if he wants to, but will stick to £100 per month repayment. + +He got mad and said whatever, I asked him if I should vacate the property? He said no. + + +Then after about 18 months, when I almost repaid whole debt, he came over saying that I still owe him over £2,000 in debt? I asked him how come? I had around £2500 and was repaying him £100 every month, so I calculated that I only had 300 left. He said I was paying "rent" and wasn't repaying a single penny of debt. + +I said that we never agreed and I told him over a year ago that I will leave if he wants to raise rent to £750. He started threatening me with court and CCJs and I said that I have whole email trail where he says that I can stay in property for £650 and keep repaying £100 and where he acknowledged that. + +He told me to leave the property, I said that he can deduct remaining £300 from deposit. He gave me whole deposit and told me to leave and said "whatever" + +I just found out that he secretly put a CCJ on me? I was never aware of it, it is on my credit file and I am not sure what is the best way to get rid of it? It seems to be there for about 2 years now, I didnt take any credits or loans so wasnt aware. +Hello everyone. I'll start with some background: I'm 23, still living with my parents with no costs other than the fuel and insurance for my car. I work full-time in a production environment which nets me around €2200/month after taxes. Of which I try to save €1500/month. +I'm debt free, I own a 20k car paid off in full, have about 22k on my savings account, a little over 4k in my pension fund (I max out €940/year) and about €4.5k in a fund my parents opened up for me a few years back. + +The plan is to stay at home a couple more years until my gf has graduated and to save up to buy a house or have one built. My parents also have an unused building plot worth about 88-90k of which I have to share the money with my sister 50-50. + +Now I realise I'm doing pretty well in the saving department, but I would like to start investing my money as well. The problem is I'm a bit unsure where to start and am looking for advice. + +Thank you for reading. +Hi guys, I'm thinking about getting a 5 year loan for an appartment, the bank is offering me variable interest rate (EURIBOR 3M, 6M) or a fixed one. So my question is, how smart would it be to take the variable option with EURIBOR 3M or 6M over next 5 years? The bank is kind of pushing me into taking the EURIBOR 3M option which is a red flag for me. +I've currently got 5.5 months emergency fund, and I want to invest excess money in relations to 30/60/10, index fund/blue chip stocks/crypto. I want to open a savings account for my emergency fund with high enough yield to counter the inflation rate in Croatia which is about 1.25% average. + +I'm currently using Revolut to invest into crypto Bitcoin, and I plan to use the same for blue chip stocks, like Amazon and Microsoft, mainly because I understand them and want to hold very long term. + +Currently I only have about 10% of my total money (including emergency fund) in Bitcoin. But I plan to regularly invest about 150-200€ per month. +Never invested in anything before and I’m not really sure where to start. My German isn’t exactly the best and all the info I have comes from English speaking countries where they have different rules and regulations. What I do know with what I’ve learned is that I want to set up a sparplan and invest in Vanguard’s all world or maybe MSCI world or something similar (maybe even some dividend paying stocks later on). I also would prefer if the brokerage sorts out the taxes, so I’m staying away from DeGiro for now. + +Because my German is a bit shit, I’ve been struggling to decide whether going with Commerzbank’s direktdepot vs Scalable Capital, for instance, is actually beneficial for me as they are who I bank with. I know Scalable have these prime etfs that are apparently free and so on, but I’m not sure where the small print may get me with either and I just want to be a bit more informed. + +What are the pros and cons of either and why have you opted for your broker? +Hi all. My partner is German and we just opened our finances to each other (I'm American). I was a little shocked at how bad their investments were. They have a Bausparvertrag earning 1%, a couple of Riesterrente accounts, an employee pension, and some high-cost funds (1.5%!!!) that someone at a bank push on them. + +I was able to convince my partner to at least open a no-cost depot and cost-average 10% of their net income into a world ETF. However, what are their other options? Is there any way to disentangle them from all these boomer investments and create some kind of retirement plan that earns more than inflation? + +As a secondary question, Americans have access to inflation adjusted savings bonds (Series-I) and inflation protected securities (TIPS). Are there any such investment options for Germans? + +Thank you in advance for your input! +Hello everyone, + +*First and foremost I want to tell you that this post will get quiet long. I apologize in advance and a big thanks to all of you who take the time to read everything and maybe can give me some advise. Also, keep in mind that English is not my first language so spelling/grammar mistakes could be possible.* + +Lets start with a little bit of background information about myself. I'm a **23 year old male from Belgium**. I've studied IT and **recently got a job** as a business/IT consultant. I **still live at home** so i got **(almost) no monthly expenses** (An overview will come later in this post). My girlfriend is still in school for at least 3 years so we wont be living alone before that. I also frequently work on Friday evening in a local restaurant as a kitchen helper. I did this as a student and for now i still have the time and willingness to keep on doing this. + +* My **net income** every month is around **€2000**. (Most of the time it is a bit higher but that gives me some wiggle room). +* A **company car with gas is included**. +* A **laptop and phone with subscription is also included** which I may use privately as well +* I have hospital insurance and accident insurance? through the company I work for. +* My company saves some money through a **pension savings account which is around €350-€400/year** (This increases depending on my wage). +* I also have 'double vacation' pay and depending on my work i'll receive a bonus at the end of the year. (This extra money is not included in the budget i will talk about later and i'll save/invest that money when it will come along) + +# My current financial situation is as follows: + +[Detailed overview of my financial situation](https://preview.redd.it/f77d5y23cqo31.png?width=1651&format=png&auto=webp&s=592b3480cf4b108b2e226b9d89da49df2d932cbe) + +[Global view of financial situation](https://preview.redd.it/ptp6kqg9cqo31.png?width=1152&format=png&auto=webp&s=0f24432f29b32ac7e30ce09d121e2d2e94aa2df7) + +* **Savings account** + * As you can see **most of my net worth is still cash** in a savings account. + * €10.000 in a savings account was my **first 'investment' target**. + * I will keep this money in cash as its purpose will be **a real emergency fund when i'll decide to go live on my own**. +* **'Emergency' Account** + * This is a small savings account which has €1000 as of now. + * I keep this money separate and its purpose is that i always have some money around **when i need to make a bigger purchase** or when i want to go on a small trip with my buddy's or something like that. +* **Stocks** + * I made my **first investment last month with Degiro**, that is way the amount is not very high yet. + * **Over time I want to diversify** with a couple of different ETF's. The ones i'm interested in right now are the following: + * iShares Core MSCI World UCITS ETF (IWDA / IE00B4L5Y983) + * ISHARES EMIM (EMIM / IE00BKM4GZ66) + * MSCI World Small Cap UCITS ETF (IUSN / IE00BF4RFH31) + * ISHARES PROP GLO (IWDP / IE00B1FZS350) + * These include the 'standard' developed and developing combo as well as some small cap and real estate exposure. + * I'm **not sure about the percentages yet** but i will probably go for something like this: + * IWDA : 70% + * EMIM : 20% (This may be a bit more than what most people would advise but I think that emerging markets will do better than developed markets the coming years) + * IUSN : 5% + * IWDP : 5% + * For now i'm **not looking in to bonds as i am still quiet young**. +* **Crypto** + * I know a lot of people hate crypto-currencies but **i think it is here to stay so i want some exposure** to it. + * I've **only invested what i am prepared to lose** so please don't hate me for it. +* **P2P Lending** + * This is quiet **a new market** and I feel like a **lot of people think it is too risky**. + * I did some research and **I decided that I wanted to try it out** myself but **I will not put in a lot of money** for the moment. + * For those wondering the site I'm using is **Mintos** and I configured my portfolio with the following rules: + * Spread investments over as much loan providers as possible + * Invest the smallest amount possible for each loan + * Invest only in loans with a buy back guarantee + * Invest only in loan provides with A, A- and B ratings + +# My budget at the moment: + +[My income, saving and expenses for each month at the moment](https://preview.redd.it/mntu39aohqo31.png?width=765&format=png&auto=webp&s=a5ecc3c28285031403884a1bf976361a41141be4) + +* **Income** + * This is the €2000 I talked about earlier. + * Like i said most of the time my monthly wage is a bit higher but that money will probably be put away as cash in my savings or 'emergency' account. +* **Saving** + * Stocks + * As you can see i'm planning to put **most of my savings in stocks**. + * This will probably be **€1300 monthly investments into one of the previously talked about ETF's** according to what my portfolio needs at the moment. I'll probably start out with buying IWDA for a couple of months. + * Crypto + * I want to **buy €10 each 3 days**. This equals €100/month. + * This also **allows me to slowly DCA in case of prices coming down**. + * P2P + * For now i'm thinking about **adding €100 to my P2P lending portfolio each month** until it reaches **around €1000**. After that i may stop for a while depending on the results. + * Cash + * **This is cash i'll at to my €1000 'emergency' account** which will account for possible expenses like buying something more expensive or maybe a ski trip with my friends. +* **Expenses** + * Food + * This is **lunch I buy at work** and maybe the occasional french fries or pizza. + * Fun + * This is money **I allow myself on stuff like going out** or other fun activities. + * Holidays + * This is money i put aside each month for the **yearly summer trip with my girlfriend.** + * Sport + * This is the money I pay for my **gym membership.** + +If i manage to keep this budget, this is what my portfolio would look like **by the end of the year**: + +[Portfolio end of year forecast](https://preview.redd.it/24bcz1wakqo31.png?width=387&format=png&auto=webp&s=09fde2a7126b72b8ed8ef9f00781da94ce53aae1) + +[Portfolio end of year forecast](https://preview.redd.it/y1249q58kqo31.png?width=636&format=png&auto=webp&s=05870443e712cf4c7624fb43321c1953e2fbb538) + +Please note that this **does not take the swings in to account that come with owning stocks and crypto-currencies.** I wanted to add this to show that although crypto is quiet a big part of my portfolio now, stocks will soon take over. The same is true for the cash port of my portfolio of course. + +# Questions + +* Feel free to tell me about any concerns or advise you have on my budget or investment plans. There is a strong possibility that there are things I haven't thought about yet. +* What should i do if i want to buy a house in the future? Sell some/all of my portfolio for cash? That does not feel good since I want to invest for the long term. +* Should I be scared of a possible looming recession? + * Should I think about bonds the hedge against this? +* Should I be scared of currencies like the EURO or US DOLLAR going belly up? +* Should I do something different? +* Should I ask other questions that I did not think about? + +&#x200B; + +I big thank you to everyone who got this far! + +Have a good day! + +Milati + +&#x200B; + +EDIT: + +For now I have decided to re-arrange my savings to the following amounts: + +* Stocks: €600 +* Crypto: €100 +* P2P: €150 +* Cash: €750 + +The reason for this is that I still want exposure to stocks but I can see a good argument for a recession in the next 5 years. Let's say markets go down a reasonable percentage in the next couple of years i'll have more cash available to average my way down and buy at better prices. If this is not the case i'll still have the returns to show for it because of my monthly investments but i'll also have the cash available to maybe start looking to buy an apartment/house. + +One more question that i'll have now is what the best option is to do with this cash? Should I just put it in a savings account or are there better (save) options with easy accessibility to my money when I decide I'll need it to buy a property? +Hello. Some banks from my country offer mutual funds or index funds. They have higher commissions than online brokers. How safe are online brokers like etoro, trading212 vs banks? Let's consider a horizon of 30 years. +*My investing strategy:* DCA 5k per month for the next 3 months (APR-JUN); then invest 1k-1.5k per month until I have enough to retire and live off investments. Fees don't matter because I have a monthly maintenance fee which means buying 1 or 2 ETFs gives me the same monthly price. + +Strategy: + +**2-Fund iShares Portfolio** + +|*FUND*|*TER*|*SIZE*|*Nr. Companies*| +|:-|:-|:-|:-| +|**88% iShares Core MSCI World UCITS ETF USD (Acc)**|0.20%|17612M|1645| +|**12% iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)**|0.18%|10463M|2706| + +**Total TER: 0.1976%** + +**Total companies invested: 4351** + +*Good TER, great fund sizes.* + +&#x200B; + +or + +&#x200B; + +**2-Fund Vanguard Portfolio** + +|*FUND*|*TER*|*SIZE*|*Nr. Companies*| +|:-|:-|:-|:-| +|**90% Vanguard FTSE Developed World UCITS ETF Acc**|0.12%|15M|2186| +|**10% Vanguard FTSE Emerging Markets UCITS ETF Acc**|0.22%|9M|1679| + +**Total TER: 0.13%** + +**Total companies invested: 3865** + +*Amazing TER, small fund size because these are new ETFs.* + +\[Saw both of these allocations on the web (88% vs 12% & 90% vs 10%). Where can I see if they are correct to update them every year?\] + +&#x200B; + +or + +&#x200B; + +**1-Fund Vanguard World Portfolio** + +|*FUND*|*TER*|*SIZE*|*Nr. Companies*| +|:-|:-|:-|:-| +|**100% Vanguard FTSE All-World UCITS ETF (USD) Accumulating**|0.22%|681M|3365| + +**Total TER: 0.22%** + +**Total companies invested: 3365** + +*Slightly bigger TER than iShares, but smaller size. Already contains Developed and Emerging Markets.* + +or + +Do you think that SPDR MSCI World UCITS ETF (TER: 0.12%, Size: 118M) should also be considered? + +Which one of these 3 portfolios would you choose and why? Or any other not considered here? + +Thanks! +Hello everyone. I'll start with some background: I'm 23, still living with my parents with no costs other than the fuel and insurance for my car. I work full-time in a production environment which nets me around €2200/month after taxes. Of which I try to save €1500/month. +I'm debt free, I own a 20k car paid off in full, have about 22k on my savings account, a little over 4k in my pension fund (I max out €940/year) and about €4.5k in a fund my parents opened up for me a few years back. + +The plan is to stay at home a couple more years until my gf has graduated and to save up to buy a house or have one built. My parents also have an unused building plot worth about 88-90k of which I have to share the money with my sister 50-50. + +Now I realise I'm doing pretty well in the saving department, but I would like to start investing my money as well. The problem is I'm a bit unsure where to start and am looking for advice. + +Thank you for reading. +Hello everyone, + +Since VWRA and VWCE are both the same funds, track the same index and their only difference is trade currency then their returns should be fairly similar? This confuses me since their returns over the last year differ drastically: + +VWRA: 56.53% (66.58 USD -> 104.22 USD)^(1) + +VWCE: 45.91% (60.60 EUR -> 88.42 EUR)^(1) + +I guess the currency exchange rate change should be taken into account since most of the underlying assets are denominated in USD? Someone correct me if I'm wrong here. + +EUR/USD: 5.87% (1.12 -> 1.18)^(1) + +Even when adding this change to VWCE, its yearly change in USD would be 53.73% (67.87 USD -> 104.34 USD). With that addition, there is still a 2.8% difference in yearly returns between these 2 ETFs. + +Can someone please explain to me why is that the case? Are my calculations incorrect? Does it imply that long-term VWRA is a better choice than VWCE if trade currency does not matter for me (both are not my home currency)? + +\--- + +1 - All of the performance data is taken from Google +Hi. I am 26 years old single guy. I moved from a non EU country to the Netherlands in February. I work as a software engineer in a mid size company. I currently have a little over 2 years of experience. + +Here are my monthly expenses: +(Gross Salary is €3300. Net Salary €2580. +Savings: €1000. +Renting a room in a shared house: €400. +Healthcare: €110. +Food: €250. +Public transportation: €150. +Travelling back home every 3 months: €150. +The rest is usually shopping, personal care, gym, gifts...etc + +I have a few questions for people who are my age, lived in Europe or have an idea about the IT business. +1. Is my salary ok for my age and experience? +2. Am I saving too much? I mean is this expenses plan too frugal? I know saving is good but it is also nice to have a better quality of life (living alone, car...etc) +3. Where in the world as a software engineer could I get significantly better salary? And when do you think should I start hunting? + + +I am kinda shy to ask colleagues at work about the typical European lifestyle of managing finances. I feel that people my age spend way more than I do. + +I am also still grateful for the opportunity to have a highly skilled visa here in the Netherlands and being sponsored by my company. However, I also want some guidance on how can I improve my life and may be take the next step in my career. + +Thanks in advance for your help 😊 +Hello! + +I thought I understood how ETFs and trading worked, but clearly I'm either missing a concept, or doing the math wrong + +**Here's the situation:** + +\- I bought an ETF 4 times over the last year and a half (total of 6 shares) + +\- I put the numbers into excel to do the average, and it comes to 153.21 EUR (so far so good, Degiro shows the same) + +\- Two out of those four times I was charged a commission (22.22 SEK and 20.85 SEK) lets round it to about 5 EUR + +\- Yesterday the price of the ETF was around 155 EUR (cool cool.... (155-153)\*6 = 12 EUR... right? even subtracting the 5 EUR of commissions, it's still 7EUR in the green... right?) + +\- Degiro was showing that I'm down 215 SEK... something around 20 EUR, or approximately 2.2% + +WTF am I doing wrong here? Is Degiro taking into account selling commissions already? Does it have to do with EUR/SEK exchange rate? Does it do some weird math with timevalue or something? + +**BONUS Math Problem** + +ETF A shows a loss of 215 SEK + +ETF B shows a gain of 194 SEK + +Stock A shows a loss of 5 SEK + +When I drag down the account overview (on the app), it shows a Total Loss of 166 SEK, whereas the math says it should be a loss of 24 SEK (194 - 215 - 5) + +WTF... how am I failing basic primary school math. Should I just call it quits and go back to kindergarten? + +Any help is appreciated :( + + +For reference, I am a 21yo girl from Europe (Italy) who works online and I can make decent money (from 800-2000 euro per month) + +Initially I made very bad money and I had 500ish euro saved from gifts etc + +In the first months I made between 35-350 per months, then +500 euro then it got over 800 euro. + +The best month was december along with january 2020 where I passed 1500 euro. + +February was rather sucky for multiple reasons but honestly this job is very volatile, one day you make 300 euro the next 3,95 euro and you have stfu. + +I have around 5k saved atm but I received several gifts from Xmas and birthday too. I don't pay rent and I stay in a property apartment, but I am saving to officially move. + +I started therapy in december, I had to buy new stuff for the apartment then for my job, bought btc, new clothes etc plus the therapy and it got over 2k. I checked and it seems insane but it was since last june / july though. + +I bought also a new phone and a Nintendo Switch, 40ish for my nintendo shop and pay 7,99 per month for my phone bill. + +I had to buy a new vacuum and accidentally bought a new iron despite having it at home already (yes I am dumb and didn't check properly). + +I have many things in mind but now I lead a very boring life tbh Uni is like 1000 euro per year plus extras, therapy is 70 per hour so around 140-280 euro per month, plus I had to pay for the vet for my cat and soon medical bills and some uni fees. + +I don't go out much and here I hate the place because it is so boring and dull without considering the coronavirus restrictions. + +I want to move but my job experience is literally none and I have to finish schools and do certifications first for languages etc so my CV doesn't suck. I literally have very luckluster options now if I move and I have no idea where, I am doing a careful research. + +I use a Kakebo to track what I earn and spend everyday and week per category monthly. + +Do I need a reality check? Again no rent, just school bills, medical bills ot therapy, grocery shopping, occasional book shopping, things for the house etc + +Also my parents and family don't want me to pay any bills and offer to pay instead (dad, grandma mostly but it is just how they are), I asked them to pay rent too so I can have more space (it is literally a property apartment owned legally by them) but they don't want my money and they know about my job. + +I got payments in btc and bought some, I wanna buy more though as an investment. + +I am mostly saving for my education, travelling and moving after graduation but now because of COVID here we can barely leave town. +Hi, I am a little bit confused, hope you can help me. This morning I received an email saying that my account can be moved to IB Ireland if they pass the last steep regulatory verification there. + +In the email, they specify that I will lose the US-- UK protection scheme, and will be cover by the Irish one which seems to be more difficult to claim and cover up to 20k euros. + +My question is what are these 20k covering? If I have 500K worth of stock and IB go bust... this means I will lose my assets and get only 20K as compensation? + +I thought that the assets (stocks) we buy through IB belong to us (users) independently from their assets. I believe that assets are held outside IB business. Isn't it? + +If this is the case what exactly does the 20K are covering for? +I have a job offer to move to Amsterdam, I like the job, the workplace and the team seem nice too, but the issue is I only have 1.6k€ in Fiat. I was thinking of getting a small loan of 5-7k for Rent Deposits, and other relocation expenses so I don’t sell my investments. Do you think it will be a dumb decision to do so? + +Just some info on the job, it’s 39K with Holiday Pay so 36k Base Pay (Gross). + +Looking to hear some of your thoughts. +Hi everyone! I’m in Germany with Italian passport. I started to trade on etf and stocks and doing quite good so far (+19.8% over 9 months), but the fee is killing me - I have Sparkasse. + +What’s the best (and cheapest) bank to trade this with good online user interface? Consider a portfolio of about 100k + +Thank you! +So for example, if you come from Romania/Bulgaria/Hungary, and live in another EU country like Austria or Germany and are a tax resident there, you just open a Degiro account and start investing. + +But, what do you do when you move to another country after? If you move to Bulgaria, or to the UK for example, do you have to change to a different account in that country, and maybe lose some cash in the process? Or can you have accounts in other countries with no issues? + +I want to invest already, but this question and also where I pay tax is holding me up. + +Thanks all! +I live in New York just me and my uncle. He broke news to me today that he has been behind on the house taxes for a considerable amount of time (needs to pay the town $20,000 by the end of March). + +He wants me to take out a $20,000 loan in my name to pay it (if im even approved) and promises to pay me back over the next few years. He makes 120,000 a year. I understand he has the ability to pay be back with how much he makes but im still conserned taking this large of a loan out. I am in school and work part time, almost no way for me to pay this back myself. + +He also only owns 50% of the house. His brother owes the other half. His brother lives across the country and has not performed any upkeep or paid any taxes on the house in 10 years. Is there anything we can do about this? + +I really would rather not take out this loan without some advice. If the taxes do not get paid I will be essentially homeless. + +The house is estimated 450,000 and is completely paid off, could selling it be a possibility? + +Any advice is appreciated. +Posting some info on Corsair. Corsair manufactures and sells parts for computers, especially gaming computers, as well as the peripherals used in streaming and gaming. Covid has understandably provided a large uptick in sales and we are coming up on Q4 earnings in 8 days, which will include holiday sales. The stock traded as high as $51.37, and has traded between $35 and $45 for some weeks. + +What you need to know: + +\-Relatively small market cap (3.43 Billion) + +\- Earning's release for Q4: Feb 9th. + +\- Announced release of new product (solid state drives) on Jan 28th + +\- Expected earnings were recently adjusted, higher: + +Net revenue: $1,651 million to $1,666 million. + +* Operating income: $186 million to $192 million. +* EBITDA: $194 million to $200 million. + +\- Tied for first place in the 'computer hardware' category, alongside Logitech + +\- Last quarter Corsair reported a 100% earnings surprise (0.52 vs 0.26 earnings per share) + +\- Lockup period for sale of insider shares expires late March, though the recent announcement to sell non-diluted shares direct to institutions at $35 is promising. + +Christmas sales will likely be focused around peripherals, like head phones and streaming gear. + +A number of Corsair execs announced they will be selling shares direct, ie. will not dilute common shares, direct to institutional investors at $35 per share. This will, hopefully, reduce volatility in the stock, as there is relatively little available for trade, most of it being locked up with execs and institutional owners. It should also set a floor on near term pricing. + +Analyst currently give the company a 'Buy' and 'Strong Buy' rating. + +TLDR: buy CRSR. + +Earnings date: February 9th. + +All time high: $52.37 + +Current: $38.13 + +Edit: For people asking about the dip a few weeks ago and for those concerned about the announcement of non-diluted share offering at $35, here is my two cents: There are a lot of reasons for a company to issue shares: to raise money, to decrease volatility, to enrich themselves. That Corsair's execs have decided to sell some of their own shares at $35, is in my mind, a better alternative as it will not necessarily dilute the value of existing stock and it puts it out 'on the market', even if these institutional investors are unlikely to trade these often. This sale could mean the execs think it's not going to $50, but its just as likely they see $35 as a good price, attractive to both them and institutional investors, and they want to both take some money off the table , while simultaneously decreasing the volatility of the stock. The fact that the stock was $38 when they announced this, and that most investors bought in at $12 when CRSR IPO'd 6 months ago, is actually fairly bullish, to my mind. It basically indicates that institutional investors think CRSR is worth more than twice what they paid for it. My 2 cents. + +Q3 Report: [https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-reports-third-quarter-2020-financial-results](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-reports-third-quarter-2020-financial-results) + +Share sale article: [https://www.fool.com/investing/2021/01/22/dont-worry-about-corsairs-public-offering/?source=eptyholnk0000202&utm\_source=yahoo-host&utm\_medium=feed&utm\_campaign=article&yptr=yahoo](https://www.fool.com/investing/2021/01/22/dont-worry-about-corsairs-public-offering/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo) + +Not financial advice. Positions: 2000 shares, $38 price average. +Growth in the first quarter of the year contracted by 6.8 per cent after China’s economy ground to a halt during the coronavirus outbreak. + +China’s National People’s Congress has not set a gross domestic product target for the first time as the country faces its most severe economic downturn since the 1970s in the wake of the coronavirus outbreak. + +The growth target has in the past been included in the work report presented at the political event, which was delayed by almost three months this year due to the outbreak. The work report this year does not contain the target. + +While many experts do not trust China’s reported economic figures, the target often provides guidance on the central government’s confidence in underlying economic conditions. + +Growth in the first quarter of the year contracted by 6.8 per cent after China’s economy ground to a halt during the coronavirus outbreak. Many economists’ outlooks for 2020 are less than half of the rate of growth posted last year. +The NYA/segwit2x proposal has a number of technical issues and pretty big due care problems, but I consider the biggest issue the circumstances and thinking - to me it's surprising that a few company folks don't see that meeting in a hotel room to impose a change on Bitcoin would be controversial to users and the ecosystem - bitcoin is a user currency, and the properties that brought all of us as users and entrepreneurs to Bitcoin and that give it value inherently rely on user and ecosystem agreement and decentralised process in Bitcoin. + +Imagine Bitcoin had been started by a startup with a CEO and some VC funding. It would have been killed with prejudice in 2010 or whenever the first geo-politically interesting test came. + +On the eve of the various China bitcoin news problems our Chinese bitcoiner friends are working through - I would think the reason why pivoting change discussion away from an open ecosystem discussion to a few companies is a problem would become very apparent even to people without former experience in related areas. Recall that many western companies have gotten themselves into dilemma situations by working with authorities to censor, filter, MITM and track internet access in various countries, some with torture programs - eg in Egypt and Libya. If NYA were to prevail, as formulated, then why will governments not also prevail on the same group of CEOs to force changes they would surely want to make. Even in US, UK, Russia etc. This is a very, very dangerous path. Allow me to tell you from pre-bitcoin experience this is really not hypothetical. + +People who have been involved in encryption, pgp, remailers, Tor etc for decades have seen these kinds of threats first hand. We even know people who risked jail under this kind of pressure, former colleagues worked with activists, and even saw people murdered by oppressive governments over this kind of thing. It's disappointing to have people reject the connection and think it's a pragmatic "compromise" and all is fine, or that they trust themselves so it's ok to seize central control. Control is dangerous - we do not want it and neither should any company nor individual. Vires in numeris literally means "Strength in numbers" ie we are stronger together, peer to peer and without an identifiable leader who can be coerced, shutdown, etc. This is why the european union banking policy makers say "bitcoin can not be shutdown". + +I think the way to scale is to work together and scale. We need the technical experts (https://twitter.com/jfnewbery/status/912853897504608256) and there is lots of scope. Many services have not yet integrated segwit, and lightning adds lots of opportunities whole new use case of micropayments and large retail scale. I'd sooner see the ecosystem collaborate and compete against Fiat than get stuck in what is really a puddle - 2x is a tiny number to create an ecosystem rift and confidence loss over. We need 1000x to make this story scale. It saddens me that a couple of CEOs would go down this path - collaborate with the open ecosystem and respect users and investors interests. + +Please. +Remember that deal for $1.5BN? + +[https:\/\/www.citadelsecurities.com\/news\/citadel-securities-announces-1-15-billion-investment-from-sequoia-and-paradigm\/](https://preview.redd.it/refnyetyxtl81.png?width=2056&format=png&auto=webp&s=4310b0e4e1a18e9b71cb667cb35bdd06d6fc7b83) + +The Sequoia deal was announced January 11, 2022. + +Citadels new filings came out on February 28th, 2022. + +[$546Million in Cash... ](https://preview.redd.it/ivks7jlfytl81.png?width=928&format=png&auto=webp&s=72aa5d181db4c78cebb30b2f876b01913b871e96) + +Citadels filings show they only had $546million in cash at the time. + +Then they got the $1.15billion investment from Sequoia... Ken was done without this investment - its probably a favor to keep the ponzie scheme going another month - and it worked - + +but now Europe is getting wrecked - markets ate actually crashing right now...' + +[https://www.investing.com/indices/indices-futures](https://www.investing.com/indices/indices-futures) + +**Speculation: Citadel is gonna die this week.** +Just a genuine question about the imminent short squeeze. People keep saying the hedge funds are fucked but if they are expecting a squeeze, can’t they just close their positions at the current tanked share price and avoid being squeezed? +Remember the ATH's back in Dec 2017 and the way this sub ballooned in subscriptions. + + +After the crash there were many that appeared to have made first investments in and around that period and were badly rekkt. + + +Many posts were of quite bitter sentiment and resentment towards crypto afterwards. + + +To be fair, no "be cautious" posts ever seemed to be upvoted. Lets admit it, when bags are pumping the last thing that will get upvoted is be careful if you're thinking about pumping them some more. + + +So here's an attempt this time round, it will most likely gain little traction but its an attempt at least. + +The amount of money that has flowed in to crypto recently can just as quickly flow back out again, so please don't wind up getting caught out by the tide. + + +Crypto is here forever so no need for FOMO, stay a while and have fun learning that's something that the market can never take away from you. +Use this equation: +**x = b(a-t)/(t-c)** + +Where, + +x = amount of coins to buy + +a = your current average price = (total investment in coin/ b) + +b = number of coins you own + +c = current price of asset + +t = target average price + + +So, if you want your new average to be **t**, buy **x** coins at **c** price. + +I've been using this to reduce my Nano cost average ever since the bitgrail fiasco. I think this can come handy to everyone here these days. +Tesla's valuation is probably one of the most hotly debated topics in the stock market these past few years. Tesla is certainly richly valued, and sentiments like "Tesla has a higher market cap than all other automakers combined" or "Tesla has decades of growth priced in" are very prevalent, especially on this sub. + +That said, I noticed a trend where - although lots of different people are saying this and people defending Tesla's market cap are often downvoted - the people who make this argument never use any numbers to back up their claims. So I figured it might be nice to have an objective look at Tesla's trends and projections, run the numbers, and see how richly valued Tesla really is. + +**For those who don't like reading, I will now explain how I got to my numbers. If you don't like reading, skip straight to "The Numbers"** + +---------------------------- + +**The method** + +While trailing P/E numbers are generally quite meaningless for companies that are growing as fast as Tesla, we can extrapolate their current growth to determine what their trailing P/E would be in the next couple of years should their market cap not rise any further. Although their market cap has risen slightly higher, let's use a market cap of $1T to determine if Tesla really deserves to be a trillion dollar company. + +-------------------------------- + +**The trends** + +In terms of revenue (LTM), Tesla has grown from $28,176M at the end of Q3 2020 to $46,848M at the end of Q3 2021. A 66% growth YoY. + +In terms of operating margin, Tesla has grown from 9.2% in Q3 2020 to 14.6% in Q3 2021. + +In terms of net income (LTM), Tesla has grown from $556M after Q3 2020 to $3,468M after Q3 2021. A 524% growth YoY. + +--------------------------------- + +**The future** + +Obviously Tesla won't be able to maintain such a high growth rate. The net income figure is heavily distorted by their low profitability in 2020, and their margins may suffer somewhat as they start to ramp up the two new factories that they are building. + +That said, these two new factories are each larger than their two current factories combined and are much more efficiently spaced. Additionally, they will be using new technologies like the front and rear underbody gigacasting which should increase margins by quite a bit. On top of that, the percentage of sales that are Model 3's (their cheapest car) will decline as they scale up Model Y at these new factories and reintroduce the refreshed Model S and X, so ASPs should increase. + +In terms of future sales, Tesla produced 237,823 cars in Q3. Annualized that gives a current run rate of 950,000 cars. Tesla has announced that they will scale up both their existing factories and start to ramp up both new factories by end of this year. Giga Shanghai ramped up with 300,000 units per year, so assuming Giga Texas and Berlin will ramp up with at least an equal amount, they should be doing 600,000 in 2022, 1,200,000 in 2023 and 1,800,000 in 2024. + +---------------------------- + +**The numbers** + +Putting all of the information from the previous section together, I have create a worst and a best case scenario for Tesla's numbers through 2024. In the worst case I assume there are significant unforeseen setbacks that cause them to fall short of those numbers, in the best case I expect them to meet or even slightly exceed them. This brings us to the following projection: + +**Sales** + +||Worst Case|Best Case| +:--|:--|:--| +|**2022**|1,400,000|1,700,000| +|**2023**|2,000,000|2,700,000| +|**2024**|2,600,000|3,300,000| + +**ASP** + +While I mentioned ASPs will likely increase, I have chosen to keep them the same as in Q3 2022 at $50,000 because it's too difficult to predict. This should make sure the final numbers remain conservative. + +**Revenue** + +||Worst Case|Best Case| +:--|:--|:--| +|**2022**|$70B|$85B| +|**2023**|$100B|$135B| +|**2024**|$130B|$165B| + +**Operating Margin** + +Because of the mix of positive and negative effects on margins while ramping up the two factories, I will keep margins the same in 2022 and restart the increasing trend from 2023. + +||Worst Case|Best Case| +:--|:--|:--| +|**2022**|14%|14%| +|**2023**|15%|18%| +|**2024**|16%|20%| + +**Net Income** + +Multiplying the total revenue by the operating margin gives us the following Net Income: + +||Worst Case|Best Case| +:--|:--|:--| +|**2022**|$9,8B|$11,9B| +|**2023**|$15,0B|$24,3B| +|**2024**|$20,8B|$33,0B| + +**P/E** + +Dividing our $1T market cap by the projected net income gives us the following trailing P/E values should the stock stay flat around this market cap: + +||Worst Case|Best Case| +:--|:--|:--| +|**2022**|102|84| +|**2023**|67|41| +|**2024**|48|30| + +--------------------------- + +**The conclusion** + +Should Tesla trade flat at around a $1T market cap and they continue on their current trajectory, they will be trading at a trailing P/E of between 30 and 48 by the end of 2024. Depending on which scenario plays out (best or worst case) and what you think is a fair valuation for a company growing revenue and margins as quickly as Tesla is, the stock has between 1 and 3 years of growth priced in. + +So to conclude, the popular sentiment that "Tesla has decades of growth priced in" is false. + +**Important side note** + +For simplicity sake I have only looked at Tesla's automotive business, as it makes up the vast majority of their revenue and almost all of their Net Income as of this writing. Obviously all of Tesla's future business models, most notably energy and software (FSD and Autobidder), deserve to be taken into account when assigning a valuation to the company. But to avoid "FSD doesn't exist" and "energy is a scam" kind of comments, I have left these out of the analysis entirely. + +**TL;DR: Based on Tesla's current trends, they have between 1 and 2 years of growth priced in when looking purely at their automotive sales.** +Really late to the crypto game but after seeing what happened recently with GME and hearing about what you all are doing I’m happy to say that I jumped in. It’s not much but $500 in ETH and $150 in BTC using coinbase. +Well, TLRY came crashing down half its price, thank goodness I had the sense not to trust it. But meanwhile, CGC and CRON are both keeping steady, with CGC looking better than CRON. What are your thoughts on these two? +When I was young I had an SBI account which charged me on my ATM card annually around 150₹ and had SMS charge 60₹ quarterly. I was young and had no income. I saved around 10k and kept in the bank. The charges annually was around 390 and my annual interest was 375 since interest rate was 3.75% so I actually lost money by keeping money on bank. I closed my account and started saving money at home. + +When i saved around 50k i realised it is not wise to keep it at home. Then I found that hdfc has a special customer feature that doesn't charge anything. +So basically no SMS charge, no ATM cards charges etc. And till date I enjoy hdfc. +Recently I am having issues with their employees, apparently everyone is a relationship manager , or manager of some sort. And if you go to them trying to solve an isuue with your account , they will solve your issue and in return will take 30 minutes to present you with their best term plan or scheme. +You try to go deposit money , their cashier/ teller will try to pitch you a RD account or a FD. I am fed up. +I am looking for other options. +When I was young I had an SBI account which charged me on my ATM card annually around 150₹ and had SMS charge 60₹ quarterly. I was young and had no income. I saved around 10k and kept in the bank. The charges annually was around 390 and my annual interest was 375 since interest rate was 3.75% so I actually lost money by keeping money on bank. I closed my account and started saving money at home. + +When i saved around 50k i realised it is not wise to keep it at home. Then I found that hdfc has a special customer feature that doesn't charge anything. +So basically no SMS charge, no ATM cards charges etc. And till date I enjoy hdfc. +Recently I am having issues with their employees, apparently everyone is a relationship manager , or manager of some sort. And if you go to them trying to solve an isuue with your account , they will solve your issue and in return will take 30 minutes to present you with their best term plan or scheme. +You try to go deposit money , their cashier/ teller will try to pitch you a RD account or a FD. I am fed up. +I am looking for other options. +Max Bupa ReAssure seems to be offering all the best of benefits compared to the other private insurers at a premium below competition: + +13k for 10L vs 16k for 2A with HDFC Ergo/Lombard + +Some key features: +- No room rent +- No disease capping +- Unlimited reset (on same or different illness) +- 60 pre + 180 days post hospitalization claim +- 50% NCB upto 100% +- All day care treatments +- Modern + Alternate treatments + +Wanted to know if there's a catch there?? +The share price of transglobal foods limited has increased almost 1000% since the start of Jan 2020. All this inspite of the company not making a single sale. How is this even possible? +Hi. I am looking for a book about personal finance in Indian context. I have read I will teach you to be rich by Ramit sethi. It is an excellent book for personal finance but ideas are not mostly apt for Indian context. So please suggest some book to read in terms of Indian context about personal finance. +I am using the free plan of INDMoney for a couple of months now. I recently got introduced to Artos on one of the threads on this forum. + +What are the pros and cons of each? Is one preferable over the other in terms of better features, improved privacy and security, etc.? +Recently (from past 3 weeks), there has been significant drop(0.5-1.5%) drop in debt funds nav. I am tracking top rated corporate, psu, dynamic bond funds. There hasn't been any interest change from RBI and corpus is either AAA or sovereign rated. And no news of any default yet. + +I am unable to ascertain the reasoning behind it. If someone can either explain or mention some educational links, it would be great. + +Most contents either refer to credit risk or interest risk. Credit risk may not be applicable or feebly applicable to these funds. Not sure how interest risk is impacting. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Its no stretch to say that FT's decision to shutter 6 of their debt funds has spooked pretty much everyone here. Fear doesnt help, knowledge may. + +&#x200B; + +One of the key concerns doing the rounds is redemption pressure - the pressure imposed by people wishing to redeem funds that may result - in extreme cases - the fund being unable to sell its holdings at a fair market price owing to a lack of buyers. So here is data that tracks how the fund AUMs changed over a 2 month period this year vs a similar period last year. + +Notice that the dates are not exactly the same - for example the latest data is just from Feb end to April 24 2020 but for 2019 I use data from Feb end till end of April. I dont think it'd matter a lot. + +&#x200B; + +**Reading the graphs:** + +Lower a given fund in the chart, the more AUM (as a %) it has lost in the last 2 months. The corresponding change last year is in the horizontal axis. + +More the AA and lower rated papers a fund holds, larger the bubble. + +Note that the scales on the x and y axes may not be the same due to outlier funds. Also note that the size of bubbles is relative within a chart and will vary across the charts. + +[https://docs.google.com/spreadsheets/d/1OeBppMp1Ul91vPqqPTzzrDBVM8VKrWqqaykbNDl3icQ/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1OeBppMp1Ul91vPqqPTzzrDBVM8VKrWqqaykbNDl3icQ/edit?usp=sharing) + +&#x200B; + +I'd have wished to share screenshots so that its easier for people, but its hard to keep updating screenshots (as I hope to add some more data to these sheets) + +&#x200B; + +**Standard Disclaimers:** + +* The document doesnt have all the data I wished it would (for example I'd have liked to update with the holdings info) and I may or may not update it. +* I provide this data as-is. I make no predictions, no ratings and I collected this data manually, so I dont even guarantee that its accurate. Do what you may with the information. +* Any comments I make below is a personal opinion and may or may not be accurate. +* You and only you are responsible for any profit or loss you incur by acting/not-acting on this information. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +My dad has taken loan and has transferred 3 lakh INR as advance for the machine manufacturer. Now, the manufacturer is not receiving calls properly; he did receive some times, but he cut the call early saying either "I will call back", "I am driving", "I am out of station", "he has left phone, I will make him call you back". And the manfacturer is not replying back via mail either. + +All this has happened in the last two days, after the transferring of advance from the bank. What can I do? Can the bank reverse the payment here? + +I don't know, he could be genuine, but all the signs are not looking good. + + +I was screening some smallcap funds and saw that they have ranked Quant smallcap fund as no.1 followed by axis, kotak and nippon. However, VRO and many others haven’t rated it at all! So I was curious. + +This is how they rank their funds. + +*“The reason we decided to build the ETMONEY rank was to create a holistic ranking system that went beyond the returns and looked at all the key aspects of the fund. For instance, a fund that takes aggressive duration or credit calls to generate high returns may get a good Value Research rating because the returns get the dominant weightage in it. But in the ETMONEY rank calculation, that risk is actually weighed and can drag down the ranking of a fund, no matter what the returns are.* + +*This holistic approach ensures you can see a bit more clear distinction between funds. Like if you 3 5-star rated funds and have almost similar returns, which one of the 3 is better? Well, the ranking gives you an indication of that. “* + +&#x200B; + +&#x200B; + +&#x200B; + +Also, I know that the general consensus among you is that Morningstar ratings are the best but they have ranked DSP, SBI and HDFC as the best in the small cap category (with a bronze rating) followed by Franklin, Aditya Birla and Kotak (as neutral). So + +How should I decide on a fund (if I hypothetically had to pick based on rankings alone) when most sites say one thing (that axis, kotak and nippon are the top ones) but the best site says another (DSP, SBI and HDFC)? +Most of you might already know but seems like market volatility is a given for the next 7 months till the new govt is formed. I saw a CLSA report, sorry but it is paywalled, in the business standard that of all the four scenarios, 3 would lead to market fall. They have assigned some probabilities but it is pure guesswork at this stage. Scenarios are: + +1. Modi, full majority: Low probability. Market goes up +2. Modi, reduced majority or coalition: Current market expectation. Market falls but not much. +3. Congress, strong coalition: Low probability. Falls +4. Weak 3rd Front: Medium probability. Falls. + +I am thinking of buying NIFTY puts expiring on June-19. What do you guys say? +I started my investing through Zerodha, but was curious to see the services offered by a full service broker. I began by opening a 3 in 1 savings account at Kotak which enabled me to negotiate my brokerage rates. + +**Negotiated Brokerage rates:** Cash - 0.30%, Fut - 0.03% + +**Pros:** They offer Call and Trade facility with a personal RM assigned to you who you can easily contact anytime. These RMs have obviously their own targets so they try to fondle you to get you to buy stocks. They also give you **research calls** which are surprisingly different to the ones that you can see under the research reports section on the website. The RM claims a 70% win strategy, I have received 5 calls till now out of which 3 where wins, 1 was a loss and 1 is still an open call. + +Another major value addition is that you know your money is safe as Kotak Securities has a very reliable track record. They also have a great support team. + +**Cons:** + +They offer some 3 websites, 1 mobile app and 1 downloadable software called Keat Pro X. Now this is where shit gets confusing. These all have a really outdated User Interface that looks from like its from the 90s. I still cannot understand how Keat Pro X really works and its slow and really unstable. So I prefer their online trading website, but that is also pretty slow and poorly designed. They have a shitty charting software which is of no use whatsoever. Their mobile application is decent but comes nowhere close to that of Kite. + +**Conclusion:** + +I think I am going to make a few attempts at trying to get a hook of how the software and the websites work, but I think I might switch back to Kite as its extremely user friendly and easy to understand. Kite also has an excellent charting tool(tradingview). If you want to have a good sleep at night knowing your money is safe and make use of the RM and their team's research calls then try it out. + +P.S - If anyone else here uses or has used Kotak Securities please let me know your thoughts and how I could better use the softwares they provide as I found it slow and cumbersome. +Many people here, including myself, see crypto as a way to have a chance at maybe getting out of a bad financial position that we are in, get a house or hell even just a small room, pay off the loan that keeps increasing every month, escape the job that is killing you physically and mentally… + +And many of us hoped that crypto is the way to bring back the balance to financial world. To maybe enable us to actually live our life a bit. Do you still think so? Im starting to think that crypto is no different from traditional finances. + +Big boy CEOs having 70 million thick paychecks, influencers turning their followers into zombies that they leech the money off, scammers working overtime to get people into their honey trap, mega-wealthy trying to make the whole market move as they want it, and such. + +How is this any different? +**The cost to borrow GameStop stock for short selling is at HISTORIC lows. Currently at 1.26%.** + +For reference (sourced from iborrowdesk): + +* On 1/4/2021, the fee was 23% +* On 1/15, 2021, the fee was 45% +* On 1/26/2021, the fee was 84% + +Since 1/27/2021, the borrow fee has been decreasing exponentially even though we've collectively been buying and hodling the shares hand-over-fist. **Again, the borrow rate to short-sell is only 1.26% now.** + +Want to know why? It's because all of you autists use shitty brokers like RobinHood to buy up the stock in droves into accounts that have Instant Settlement / Margin turned on by default. + +When you have Instant Settlement enabled, it makes your account a Margin account. When you have a Margin account, the broker is free to lend out the shares (like to the twats over at Melvin Capital) for shorting. + +**If you have a cash account, the shares are bought and settled directly into your account, and the broker isn't allowed to lend these shares out to short sellers.** + +**The more $GME stock that WE buy into a margin account, the more cheaply the hedge funds are able to use the shares to short it.** RH publicly posts on their '*How Robinhood Makes Money*' page that they participate in loaning stocks that are on margin for interest income. + +**How to prevent this on RH:** + +1. In the RH app (iPhone), Account Tab -> Investing -> Day Trade Settings -> 'Turn Off Instant Settlement' to convert your account to a Cash account +2. Withdraw all of your leftover money/positions and put re-deposit it into a better brokerage. Because fuck RobinHood anyway. + +&#x200B; + +**(BONUS INFO)** How short interest can be over 100% ***without*** naked short selling (which is what a lot of people think happened): + +1. Autist A buys 100 $GME shares into a margin account on Shit Broker A (RH1 for short) +2. RH1 lends these 100 shares to Shit Fund (MC for short) to sell short +3. MC short-sells these 100 shares on the market, and Autist B is the buyer into their Shit Broker B (RH2) margin account +4. Now RH2 lends these 100 shares to MC to sell short, which Autist C later buys + +The same 100 shares have now been sold short twice boosting SI%, but the float hasn't changed on the stock. + +**The only way to win this battle against the hedge funds is to cut off their ability to short the stock so cheaply.** If they can short the stock for *virtually* free, dollar-for-dollar, against retail traders, this squeeze will never get squoze. + +**TLDR:** Switch your $GME-holding brokerage account to a cash account. Collectively force the hedge funds pay a much larger premium to short the stock. Force them to cover. + +As always, do your own DD. Snort some adderall and research the above for yourself. $GME to the moon. Bag-holding since $61.10. + +&#x200B; + +EDIT: Looks like somebody much wrinklier-brained and organized than me ( [u/CalamariAce](https://www.reddit.com/user/CalamariAce/) ) had pointed this out in a separate [thread](https://www.reddit.com/r/wallstreetbets/comments/l2n5wv/most_of_you_are_helping_the_gme_shorts_and_you/?utm_source=amp&utm_medium=&utm_content=post_body) before. Different brokerage analysis/instructions to disable included. +I wanted to put together an early tax guide for those who have recently joined the cryptosphere, in an effort to help promote responsible crypto trading and investments. It's actually quite easy, but can be time consuming if you've made a lot of trades throughout the year. + +In the U.S., the cryptocurrency tax rate for federal taxes is the same as the capital gains tax rate. In 2021, it ranges from 10-37% for short-term capital gains and 0-20% for long-term capital gains. In the US, crypto-asset gains are calculated using two factors: your income bracket, and how long you have held the cryptocurrency. + +**Pay your taxes** \- I cannot express enough how dangerous it is not to. It could take months or years to get caught, but you could suffer from liens, levies, or seizure of property. The IRS is not worth messing with, and U.S. exchanges are now cooperating with them. + +For volume over $20,000 or if you have over 200 transactions on an exchange, they should send you a Form 1099 at the end of the year. This means your cumulative income has been reported by the exchange to the IRS and your tax return will need to reflect detailed trading activity. + +**Take note:** [The Wash Sale Rule](https://www.investopedia.com/terms/w/washsalerule.asp) still does not apply to cryptocurrencies, but [that may change soon](https://www.thestreet.com/retirement/cryptocurrency-may-soon-be-subject-wash-sale-rule). This means you can legally sell to claim losses up to $3,000 on December 31 and then buy back in on January 1, as opposed to the 30-day rule in securities. This strategy is known as Tax-Loss Harvesting. + +# The easy way to file: TurboTax + CoinTracker.io + +TurboTax has integrated with CoinTracker.io to make this easy-peasy. If you've made fewer than 25 transactions in 2021, CoinTracker has a free option. For up to 100 transactions, you'll have to pay $59, or $199 for up to 1000 transactions. + +CoinTracker can also [directly connect to your accounts on popular exchanges](https://www.cointracker.io/exchanges), such as Coinbase, Gemini, Binance, KuCoin, HitBTC, Gate.io, Robinhood, Cash App, Uphold and more. It will download your trade history from each exchange and calculate any capital gains you've made from those trades. Optionally, you can upload a CSV file to CoinTracker from these exchanges (so you don't have to "link" the account using an API key if you are uncomfortable with it.) + +Once you have completed syncing your trade history with CT, you will need to connect it to your TurboTax account. TurboTax will generate a Schedule D and Form 8949 with your gains and losses. + +**If you decide to do your own taxes** and not use a service like TurboTax, you will need to download [Schedule D](https://www.irs.gov/pub/irs-pdf/f1040sd.pdf) and [Form 8949](https://www.irs.gov/pub/irs-pdf/f8949.pdf) and complete these yourself. + +# How to get your trading history: + +To manually generate CSV files without linking your exchange to CoinTracker, follow these instructions per exchange. Use a desktop or laptop - some of these features are not available on mobile. + +You can also use these documents to show proof of income with your bank or lenders in the event you need it for a loan application. + +Coinbase + +1. Log in to Coinbase on a computer. +2. Click your profile icon in the top right corner. +3. Click Reports. +4. Scroll down to Transaction History, choose 2021 as the year (this will be available after Dec 31), and click the "Generate Report" button next to CSV report. + +Coinbase Pro + +1. Log in to Coinbase Pro on a computer. +2. Click your profile icon in the top right corner. +3. Click Statements. +4. Click Generate->Account and set the start/end dates. Set the format to CSV. +5. Click Generate Report and an email will be sent with a link to the CSV file. + +Binance.us + +1. Log in to Binance.us on a computer. +2. In the top menu, click Orders->Trade History. +3. Click "Export Trade History" on the right. You can only export 3 months at a time, so you may need to use custom date ranges 4 times to get the full year. + +Gemini + +1. Log in to Gemini.com on a computer. +2. Click Account->Balances on the top right. +3. Click the Download icon on the right, and either choose Tax documents (PDF) or History (XLSX) + +Kraken + +1. Log in to Kraken.com on a computer. +2. Click History, then click Export. +3. Change your Date Period to Year to date, Last Year or set a custom range, then click Submit. +4. Wait a while (it took me over an hour in queue). + +Uphold + +1. Log in to Uphold.com on a computer. +2. Click Activity on the right. +3. Click the download icon at the top right of the transactions table, then click Transaction History. You will be prompted stating you will be sent an email with transaction history. Click the "Generate Report" button, then check your email. + +Cash App + +1. Log in to Cash.app on a computer. +2. Click Statements at the top right. +3. Click Export CSV. Cash App also has monthly statements, and they do not have the best options available for crypto trade history; they may show up alongside any other cash transactions you've made with the app. + +Gate.io + +1. Log in to Gate.io on a computer. +2. At the top-right, click Order->Spot Orders. +3. Click Trade History in the left column. +4. Choose your date range and click the Filter button. +5. Click the Download button at the top right. + +&#x200B; + +Other exchanges should also have a trade history available, but you may need to hunt it down. Hopefully, the above lists will cover most of our users. + +If I've missed anything here, please comment below and I will make changes as necessary so this post can reflect the appropriate information needed for upcoming 2021 tax returns. + +&#x200B; + +Edit: /u/starzychik01 pointed out some alternatives to TurboTax and CoinTracker. Using FreeTaxUSA.com and Koinly.io - I'll have to look in to these to investigate further. + +Also, if you are using a CPA, you will need to provide them your trade history. Your trades need to be entered in Form 8949. A 1099 only shows cumulative income and not each taxable event. + +Yes, you still have to report DEX trades. Obtaining the trade history will vary depending on which DEX you use. +I’m assuming not everyone has played the game as poorly as me. I fell in love with blockchain tech in 2020 and then decided to get risky at the top of this recent market. I’m not in an awful position but I am forced to consolidate into 3 of my most passionate chains and ride the HODL train. + +But I want to hear from the folks who have played the game well. Did you get in at 2015 and are you still way up despite the current bear? Did you get in in early 2021 and degen your way to glory and sell while the rest of us were sucking on the ‘Super Cycle/BTC to 100k by EOY’ hopium? + +I know there’s got to be a bunch of you out there who are comfortably in the green right now. I’m not looking for advice, I’m just more curious on hearing a TLDR of what got you up in the green. + +So out of the presented options. Do any of them apply? + +A) Did defi and did well + +B) Bought early, and still holding + +C) Rode a meme coin with good timing + +D) I bought low and sold high + +E) Actively trade. And doing well? + +F) I was already rich, bought a bunch of stables and still just as rich +Hey everyone. I've been using a financial advisor for several years now because I don't know that much about finances and was hoping to just get someone to give me the broad strokes of what to do. + +In the beginning when I first met him, I had a 401k with the company I was working with. I contributed to it for about a year until I switched jobs to a company that doesn't offer a 401k. My financial advisor suggested i could switch the funds in the 401k to a IRA, so I could easily have more control over it and so I did. Then about 5 years ago, my income changed and he suggested I should get a Roth IRA. So I setup a roth IRA through them, and every year we would meet, and I would tell my intent to contribute the maximum amount to the Roth IRA and regular IRA because I'm a good saver and always saved a lot every year. I would hand them 2 checks to contribute to both accounts. Every year when I filed my taxes, (this is where I messed up), the person who did my taxes never got my documents regarding my retirement accounts. + +Until this year, and he immediately told me that I was over contributing to my retirement accounts. I told my financial advisor, who when he looked, confirmed that I was indeed over contributing. I asked him how they didn't manage to catch such an obvious mistake, and apparently he's still investigating how their system didn't flag or catch it. I read online there is a fee or fine for over contributing. + +It seems like such an amateur mistake, so I'm pretty angry at my advisor and myself for just assuming they knew better than me. Now I'm not sure what happens. Am I going to get hit with a massive penalty? Is there anyway for me to fix this? + +Edit - I did check, my FA is a registered investment adviser. The company he works for is a fairly large chain as well. +Guys, it's happening. They know they are screwed. + +Yellen is having an emergency meeting tomorrow OR the day after with the SEC heads, Federal Reserve, Federal Bank, Bank of New York and the CFTC and the meeting is about Gamestop Volatility!!! + +[https://finance.yahoo.com/news/exclusive-treasurys-yellen-call-regulator-014419687.html](https://finance.yahoo.com/news/exclusive-treasurys-yellen-call-regulator-014419687.html) + +[https://www.reddit.com/r/wallstreetbets/comments/lbdpbr/treasury\_secretary\_janet\_yellen\_to\_call\_regulator/](https://www.reddit.com/r/wallstreetbets/comments/lbdpbr/treasury_secretary_janet_yellen_to_call_regulator/) + +&#x200B; + +**"What volatility?" I'm sure you're asking.** + +THE ONE COMING FROM THE SQUEEZE. They are mega fucked. Today only around 1.5% of float GME remains. There is sufficient real research on this sub that shows that we are ACTUALLY diamond handing. + +THAT 1.5% WILL GET GOBBLED UP IN NO TIME WITH OUR RETARDED GME BUYING.[https://www.reddit.com/r/wallstreetbets/comments/lb9s3f/bloomberg\_terminal\_looks\_mostly\_green/](https://www.reddit.com/r/wallstreetbets/comments/lb9s3f/bloomberg_terminal_looks_mostly_green/) (SEE LOCKED IN SHARES TOP LEFT RETARDS) + +&#x200B; + +**On another note, some people's sell limit at 3.2k and 5k got filled today for 1 single GME share on this sub.** + +[https://www.reddit.com/r/wallstreetbets/comments/l7h8jv/gme\_getting\_filled\_at\_above\_1000/](https://www.reddit.com/r/wallstreetbets/comments/l7h8jv/gme_getting_filled_at_above_1000/) + +[https://www.reddit.com/r/wallstreetbets/comments/l6z9d0/gme\_filled\_at\_51k\_a\_share\_this\_morning\_for\_me/](https://www.reddit.com/r/wallstreetbets/comments/l6z9d0/gme_filled_at_51k_a_share_this_morning_for_me/) + +&#x200B; + +**Thesis:** + +Goldman Sachs and the big boys have deleveraged their stake in GME and said they are reducing risk while also calling what already happened as the squeeze and that other hedges deleveraged as well. I can't tell if this is FUD or if they truly believe this. This info is in their daily customer subscription mailers, only actual GS customers get these mailers afaik. I don't know what is the truth anymore. + +If Yellen wants to meet for volatility on a fizzling stock that is 98.4% ish locked in by buyers, this screams all kinds of alarms in my head. They are either going to try and stop the party or they are looking for money to pay us and not crash everything at the same time. + +Tomorrow is the final fight. Yellen and all the bigwigs are the bosses. + +Also i think it makes sense for the squeeze to happen this week before Friday due to the naked short puts the HFTs have been selling that are likely 2/05 of expiry. They DO NOT want this squeeze to happen next week when all those shorts are gone and the price is back way up. They also don't want the squeeze to happen on Friday due to the extreme volatility due to their naked 2/05 puts. + +If all that makes sense, this means that the squeeze is coming tomorrow or the day after and NOT next week or this Friday. + +&#x200B; + +If none of this happens, Cohen still has this smoking gun to trigger it.[https://www.reddit.com/r/wallstreetbets/comments/lbc6aa/cohen\_still\_has\_the\_opportunity\_to\_buy\_another\_7/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/wallstreetbets/comments/lbc6aa/cohen_still_has_the_opportunity_to_buy_another_7/?utm_medium=android_app&utm_source=share) + +&#x200B; + +**Final words.** + +* \-Set your sell limits. +* \-SET YOUR SELL LIMITS. +* \-YES YOU. +* \-FOR THE NEXT 2 DAYS STRAIGHT. +* \-There's SOME consensus on the sub that realistically it should be \~800. Add a few lottos at 5k and 10k too as some people were lucky to get filled on 3.2k and 5k today. Don't get too greedy or you might not fill. +[https://www.reddit.com/r/wallstreetbets/comments/lagd2m/millions\_in\_gme\_calls\_bought\_today\_at\_800\_hold/](https://www.reddit.com/r/wallstreetbets/comments/lagd2m/millions_in_gme_calls_bought_today_at_800_hold/) + +Good luck retards. + + +During COVID lockdowns Shanghai facilities including the Apple factory kept operating by forcing workers to sleep in the factory. + +&#x200B; + +Factory workers at a Shanghai facility that makes Apple products rioted on Thursday, clashing with guards in hazmat suits and jumping across security barriers in an apparent mutiny against strict coronavirus restrictions, dramatic social media video shows. + +&#x200B; + + Meanwhile, many Shanghai facilities including the Apple factory have sought to keep operating during the lockdown though a “closed loop” production system. Under this system, employees are generally banned from leaving company facilities even during off hours and are forced to live and sleep in the factory or at a nearby dormitory. They are not allowed to see other people, including their own family members.  + +&#x200B; + +[https://www.marketwatch.com/story/apple-workers-in-shanghai-riot-over-covid-restrictions-11651946691?mod=mw\_quote\_news](https://www.marketwatch.com/story/apple-workers-in-shanghai-riot-over-covid-restrictions-11651946691?mod=mw_quote_news) + +&#x200B; + + https://twitter.com/RFA\_Chinese/status/1522492516402032641?s=20&t=h7lvCbOk6FnTpFgmIAiXCA +I’m seeing a lot of posts here and on Twitter, people promoting “buy the dip” or “hold tight it’ll bounce back”. Truth is no one knows how far down market will go and if or when it will bounce back. Interest rates are tipped to rise, we are on brink of a war, Omicron is out of control and the bad news keep piling up. Point is, don’t take anyone’s advice because in crypto world no one has any idea what will happen next. Keep your money safe and don’t make decisions that’ll make you miserable. I have invested at wrong times many times now and I know the feeling. It’s awful. So assess your personal situation and expect for things to get worse. +Obviously, listing companies that are currently already super close to a 1 trillion market cap is not really helpful. + +A trillion isn’t what it used to be, lol, but I’m curious what you all are thinking when it comes to companies with a 1 trillion market cap in 5 years. + +My personal picks: + +- SHOP +- NVDA + +What are your picks? + + +1-Even though buying seems to be back, it can change again in any moment and your orders may not fill. When the dip comes again, AND IT WILL, DO NOT SELL. You may think you can sell all your positions and buy back in on the cheap, BUT THERES NO GUARANTEE YOU WILL BE ABLE TO BUY BACK IN. JUST HOLD AND WE WIN. DONT BELIEVE ANY SHORT FLOAT LIES TODAY. + +2-Our buying preassure is low today thanks to rh fucking us, and mainly because most of us are already holding. At this point its a game of waiting them out and NOT pussying out in their attacks. + +3-Melvin fucked up with this whole situation, but these guys are NOT stupid. They have harvard mathmaticians and professional risk analysts. They probably figured out that their losses will be marginally LESS for holding their positions open and paying the borrowing fees than it would be if they covered now. They want to wear us down over time by blocking us from buying, sniping stop losses with ladders and constant media attacks like Cramer saying the squeeze is over. ALL we have to do is hold, and we will win. If you keep selling, they can slowly cover over time while keeping the price steady. + +-Non of this is financial advice. +Hi everyone! The more we know, the better informed we can all be. So I thought it would be good for me to explain to anyone who may want to add an extra wrinkle why there is hype around a dividend being announced at the shareholder meeting. I’m sure you have seen the “because shorts need to pay the dividend” but I am going to explain why this is the case. + +So a dividend is basically a company deciding to reward shareholders. Let’s use a cash dividend as an example. Gme could decide to issue a $x dividend per share to all share holders on a certain date. + +Now why is this bad news for the shorts? Because 99% of the SHF either have borrowed the shares they are shorting (the legal way to short) or have created the share out of thin air (naked shorting/illigal). + +scenario 1: borrowed shares from institution + +In this scenario they have borrowed the shares from an institution and then sold it. When a dividend is issued the institution they borrowed the shares from receives the dividend from gme. The institution does not need pay that forward to the shorter borrowing the shares, because that institution still owns the shares. The shares have just been borrowed out by the SHF. + +However! The entity or person the shorter sold the shares to is entitled to receive the dividend. They have bought a share regardless of whether it was originally borrowed or not. Because the shorter has now sold shares they don’t technically own, they are on the hook for paying the dividend to that party. + +Scenario 2: naked shorting + +In this scenario the SHF has created the shares out of thin air. So obviously gme would have no record of these shares and would not pay out a dividend on shares that should not exist. So therefore the hedgies would also need to pay out the dividend here. Because the people who have bought the naked shares, are still legally owed a dividend! + + +So that is why people are hyped. If a cash dividend is announced, it could mean extreme REAL losses to the hedgies. I say real because normally just like us, until they close their positions it is only a paper loss. But this dividend would be them paying out actual cash which they cannot kick down the road. They would have to pay $x dividend per share multiplied by number of shares they have shorted. That could either cause some to close out their positions or weaken them in there continued shenanigans! + +It gets even more exciting when we talk about a certain potential for a gme digital currency dividend. This the hedgies cannot pay to the shareholders because it would be a unique asset held by gme. So this would be best case scenario as they would need to close out their positions because paying this dividend would not be possible without somehow obtaining the digital currency from gme. + +Conclusion: A dividend may or may not be announced! This rocket is inevitable either way. There are many more catalysts outside of this to launch the rocket. But hopefully I have helped add a wrinkle for apes to understand dividends and how they relate to the current situation a little better! + +EDIT 1: so I have been asked this question a few times in the comments and wanted to address it here. I am not 100% sure on this answer as my brain is still smooth, so if I am wrong feel free to correct me apes :) + +Question: what happens when all these brokers start telling GameStop they have more shares than exists in terms of them paying out the dividend. + +Answer: I do not believe that is how it works. Every real share issued by gme should have a share certificate proving that it is a real share. This plays into the posts we have seen where people wanted the actual copy of their share (with the caveat that it makes it take longer to sell). That would be the share certificate. If you had that, you would get paid directly by gme with a dividend. + +Now most of us do not have that, and it would be with our broker. So our broker on the announcement of a dividend would have to start tracking down the share certificate for the stock you own. + +So what about synthetic shares? Well your broker would say “hey, I need the share certificate for my client for that gme share I bought from you”. This would start the chain reaction of brokers calling brokers that sold them the share until it goes back to the hedgie that originally created the synthetic position. They have no one to ask so the chain stops here. So now they either need to pay the dividend forward since the share does not exist. Or buy a real share, and then provide that share certificate to your broker. That’s why For the ETF dividend, they would likely be forced to buy a share from the open market so that they can deliver that share certificate. They can’t just pay it forward! All that buying pressure would equal lift off. Hope that helps :) + +EDIT 2: so another question I have been getting is who would force the SHF to provide the dividends if they refuse to. I admit I can’t really find an answer to this online so maybe wrinklier brained apes can help. + +My theory would be the following. There would be so much pressure from brokers or institutions for the SHF to provide that information. They would file lawsuits and shit would literally blow up. Because our brokers are just as much on the hook to get us our shares or dividends as the SHF is to give it to them. + +Also remember that this would be fraud. It would be definitive proof that you have been sold something that does not exist. I believe the hedgies are currently conducting their fuckery knowing that it can’t currently be definitively proven, even though us apes have figured it out. However if they fail to deliver either a dividend or crypto dividend, then all of a sudden there is proof that fraud has been committed. + +So I think between the pressure from other institutions and brokerages plus the proof it would provide is why they would have to either pay up or close out the position. Again though this is all opinion and maybe their are governing forces that would force them to do this. Appreciate the help of any wrinkly brained apes on this one! + +EDIT 3: I have had a few comments saying that gme should not do a cash dividend as it would be bad for the company at this time. This post is mainly meant to educate apes on what role dividends play with shorting. As mentioned at the end of the post, a dividend may or may not happen. My personal opinion is I have 100% trust in Ryan Cohen and know he will do what is best for the company and therefore all us shareholders. If no dividend is announced, just know papa Cohen didn’t announce one for a reason. +I'm handy around my own home & know how to swing a hammer, but i have no experience with renovations at all. Does anyone have tips/advice for partnering with a general contractor? My goal is to buy & rehab/renovate some homes in my town & rent them out, i feel like I'm at a big disadvantage b/c i wont be doing most of the work myself. Is there any secret to finding a good contractor who's accurate with budget & timeline? Would it be a good idea to "partner up" & offer a portion of the profits to incentivize them? +EDIT: I am more than glad to pay for all materials already installed or that he is willing to leave behind (flooring and doors), but I am not willing to pay anything else if the chargeback is done. I will chargeball payments and request that he specifically bills me for items already done and labor with a breakdown for each in cost. + +Looking for some help and sorry for the long post. + +Got into a bad situation with our GC. +Long story short, we signed a contract with him back 12/23/21 that outlined the work needed for our duplex with an estimated 4 weeks for completion (flooring, 2 bathroom and kitchen remodels, and door replacements). +We had some delays with an existing tenant and an eviction. +Tenant was evicted 02/18, sheriff was out to witness the removal of items on 02/24 which we told both the GC and Sheriff we will toss (have a dumpster in the yard). GC was fully aware of this and even offered to go to court as a witness. The other side has always been vacant. + +GC said he will come back that same evening to junk it. 3 weeks later, it's still there. +Little work has been done, despite us paying for all materials, only things that have been installed were 2 doors and 22 windows. +Doors haven't even been replaced after tenant has been out for 3 weeks. +Gutters were supposed to be replaced, carport was supposed to be removed. +We were reassured (TWICE) one side would be done by this weekend and that the bathroom was ready, all it needed was paint. Nothing was done other than removal of the vanity. + +We paid with Amex so we have the chargeback option and told this to the GC which he threatened would be a breach of contract and lead to a lawsuit. +We told him we paid him in his terms on a weekly basis and he has nothing to show for it. He said he's bent over backwards for us to work on our budget and he's been nothing but timely, we gave him multiple examples of how what he said would be done is still the same after 2+ weeks. + +Then he backed off stating he wants to prove himself to us and always finishes a job on a good standing etc. +We said we'd give him one last opportunity, contigent on him agreeing to a specific time-line and he has not responded (been almost 2 days). We plan to give him till 5PM today before we initiate chargebacks and only pay for Windows+labor and whatever he wants to leave behind (other doors and flooring are on property). + +Want to ask if he does follow through with a suit, do we have legal standing? We have texts and pictures showing no work. + +I understand he had other jobs which he also confirmed were done and he would dedicate his time to the duplex (which I didn't even require him to do, but was nice of him to offer) and that other things may have come up in his personal life. +It's not just the fact that nothing was done, but that he knowingly continued to LIE about what was supposedly done that upsets me. + +Thoughts? +I bought my first multi-unit in Oct2020 as an owner occupied and plan to buy and move to another one in about 6 months. I have ~$40k in a HYSA earning about $15/month. + +Should I take ~$12k of that and max out my wife’s and my IRA’s for 2020 or hold it for the next property? + +I feel like I’m at a crossroads of how I’m going to fund my retirement and am not sure what to do. Have any of you been through this dilemma? Any advice you can share would be greatly appreciated. +I'm setting up an LLC with my business partner for our first investment home together. We're planning to include a clause that a home cannot be purchased without consent of both parties. We're also planning to include a clause related to exiting the partnership in case one of us wants out - something like the partner can buy you out at the appraised value, otherwise you can force the sale of a home but an extra few % goes to the partner that doesn't want out (we split investments 50/50). + +What else should we include? + +Edit: we're already scheduled to meet with an attorney soon, I'd just like to be extra-prepared. Thanks for all the tips! +Good morning. Setting up an LLC. Interested to know if others use their personal residence address for the LLC, or keep it at another address such as a PO Box? +I have the same question for those people claiming to be successful real estate investors while also publishing multiple books on it. Why chase revenue from books if you already made your fortune? There are reasons to do it but you can just as easily release books for free or near-free. +We (wife and I) have good credit and a good amount of capital to get started. We are in a decently sized town and unfortunately real estate is booming. I have so many questions. + +* How can you "choose" good tenants without running afoul of the anti discrimination laws? +* How do you narrow down neighborhoods to look in? +* Any recommendations for sites and calculators to analyze properties with? +* I heard someone on here say "property managers are shite".... however, I know people who own properties who are always chasing issues......... what's the deal? Should we even bother if we don't want to manage the properties ourselves? Are there good property managers? +* Whats the deal with rental mortgages? Are rates different? Is there a threshold on the # of units before it's considered commercial? +* What's the deal with the eviction moratoriums? Any horror stories? +* Should I just keep plugging my money into the stock market? Maybe buy some REITs to get that diversification? + +Thanks! +We always have stories here of making it, now I want to ask if you have any stories about how someone lost it all (so we can avoid that) I recently was listening to a Tim Ferris Podcast with Jamie Foxx and he mentioned Mike Tyson went Bankrupt (apparently his also never been happier) but I find it crazy how some people can even spend that much money personally (if he invested it well i assume the gains itself will cover some spending) Buy got me thinking about the actions that being about losing all your fortunes! + +Share any you know personally or anecdotally! +Follow up to this post: [https://www.reddit.com/r/fatFIRE/comments/o4omk3/living\_abroad\_for\_a\_year\_with\_older\_kids/](https://www.reddit.com/r/fatFIRE/comments/o4omk3/living_abroad_for_a_year_with_older_kids/). + +My wife and I have (more or less) decided to take the plunge and spend a year in India with our family over the 2022-23 academic year before returning to the US. Neither of us plan to work during our "sabbatical year" abroad. + +We have about $7.5M in investments excluding primary residence, so enough to live on for some time without income, but I am wondering about the best way to manage cashflow during the sabbatical. We are not planning to rent out our home when we aren't here, so there will be regular mortgage and insurance costs (significant in the Bay Area), plus other ongoing utility and other costs. + +The options that I can think of are: + +1. HELOC or PAL. I have never used these before. +2. Sell stock to fund expenses during our sabbatical. +3. Build enough of a cash cushion before our income stops to cover our expenses during the sabbatical period. + +HELOC or PAL seem theoretically the better option, but I'd be interested in hearing people's thoughts. It may not be prudent to do this given rising interest rates. I also don't have any experience with either of them before, and am slightly hesitant about getting in too deep. I've read about the "buy-borrow-die strategy" but am not sure if it's a good idea at our NW. + +I'd be interested in hearing from people who've done an extended sabbatical, and how you managed cashflow during that time. Thank you for reading. +I've been doing a lot of research into this recently and would like to get some unbiased opinions here about the benefits and drawbacks to setting up offshore irrevocable trust to protect your assets. The most common seems to be based in Cook Islands/Nevis. It's hard to get an objective answer from firms trying to sell these things. + +My biggest concerns are around the actual efficacy as a legal defence. Does anyone here have knowledge or been involved in a legal judgement where an offshore trust provided protection? + +Also does anyone have recommendations for a reputable firm to set up such a structure? +This is one of the best documentaries I’ve ever seen. When I say “everyone needs to watch it” I don’t mean everyone in this sub, I mean everyone. + +The title of this documentary may lead you to believe that it’s just about GameStop. It’s not. It’s about rampant corruption and the fragility of the market. It helps everyday people understand what’s really happening behind the scenes: how greedy bankers are creating the rules and exploiting the system to massively profit off the general public. This is an incredibly important topic that everyone to understand. + +Just to set expectations, episode 1 does start out with a focus on the GameStop story. But the sole purpose of this is to tell the story of how the general public started to take notice of the blatant corruption, lack of transparency, and illegal activity happening every day in the market. If you stick with it, you’ll see that they interview world renowned experts on these topics - not just Reddit users. The documentary does not try to push conspiracy theories, or persuade you that GameStop is a good investment. It simply tries to search for the truth. + +We need to spread the word about this documentary. We need everyone on Reddit to watch it. What we’re fighting for is so much bigger than making money off one stock, and this documentary can help non-Apes understand why all of this matters so much. + +Edit: credit to u/tobiasdeml, who wrote and directed this incredible work of art! + +Edit 2: I see lots of comments about pirating this movie so you can watch it abroad or without a subscription. Please don’t do that. Don’t fucking do that man. That’s stealing, and stealing from one of our own (u/tobiasdeml). Apes aren’t about that. Use a VPN, or maybe tweet at HBO and ask them to make it available in your country so they know how much demand there is. +I don't really know why I live. I don't have a grand plan or higher purpose for meaning. I enjoy the process and get narrowly obsessed by the process. FIRE is my life but my life is on fire. + +Basically the main difference between my lifestyle and one of a NEET (not in employment, education, or training) is early retirement. + +I have no social relationships, no romantic relationships, no hobbies or goals (other than FIRE related ones), no pets or plants (mostly allergic though), no true responsibilities. + +And I am filled with huge soul-crashing regrets. Regrets about not living on campus during college. Regrets about never dating or having friends or having a romantic interests. Regrets that FIRE is just a distraction from my unhappiness but without obtaining FIRE then I would be narrowly focused on working a job. Sleep, work, sleep, work. That doesn't seem like a healthy response either. + +During schooling, I was just narrowly focused on doing well for the sake of doing well. No goals. Never applied for scholarships. Never had friends. Just wanted to perfect my study habits and get really good grades to brag about. + +Anyways, I feel like I am approaching the point of "no return." I basically regret my entire life. + +For those of you who felt similar, how did you break free? How did you get a healthier social life? +I am bit skeptical about both share market and property market in the current conditions. I am bit worried they are both too hot. However, I don't want keep my cash in bank account when the interest rates are really low. + +Can someone point me to other investment options that are available. I am looking to invest about 30-50K. I am ideally looking for something that could hold value or appreciate in a recession. + +I believe gold is such an option. But, I don't have any previous experience. + +Edit: I do own a property and I do own some stocks. However, I have some savings that I can further invest. Placing it in the offset account is not a good option because the remainder of my housing loan is fixed. I would like to diversify my portfolio by investing in something other than property or stocks. +For all the postings and articles about replicating Peter Thiel’s Roth IRA strategy I can’t find anything that goes deeper than the conceptual level and am looking for the actual actions I could take to make this happen. My tax advisers can’t figure it out and want me to put the securities in private placement life insurance instead. It’s beginning to feel like teenage sex: everyone talking about it, nobody knows how to do it! + +I am in a unique spot this year where I am founding a new company and will have minimal income so this will be the only year I qualify to setup a Roth and have considerable control over the shares of my early company. How, specifically, can I get my founders shares inside a Roth before year end? Thank you!! +Watching Cramer shit his pants with his jaw on the floor talking about us “Reddit traders” controlling not just the speculative market, but the market in general, really made me realize how much r/wallstreetbets is going to go down in financial history. We’re controlling the market during: + + -The fastest bear market EVER + -The fastest recovery EVER + -During a worldwide pandemic + -What must be the biggest increase in day trading EVER +-We make what used to be considered a boring topic FINANCE into memes that take the internet and popular culture BY STORM (stonks) +-We have helped popularize investing for an entire GENERATION +-We have still managed to use the word RETARD during the most PC TIME IN HISTORY with no fucks given +-We have undoubtedly created multiple multimillionaires (and even more debt) +-We have changed the way brokers run their platforms +-CNBC and Bloomberg have said we influence the big boys, and you don’t think the big boys are in here too? Of course they are + +What does the future hold for not just this subreddit, but for this generation of degenerate gamblers? + +-Will WSB redistribute wealth to a nation of retards? -Will the cure for autism come from studying this sub? -Will stonks always go up? +-Will we make Elon Musk into a trillionaire and help him move life to Mars? +-What you guys got and where do you see WSB in financial history? + +Disclaimer: (I may or may not be high right now and not positive if what I said makes sense) +I also dedicate my username to 95% of the sub + +Positions: + +All SPY calls because stonks only go up. Also PSTH March $20 calls and TSLA $694.20 calls +I have some NAT stocks. I bought high, and the price has been dropping down ever since. But the dividends atleast have been good. Last dividend was September 4 at $0.2 a share, but they have yet to announce anywhere how much and when they will be paying their next dividend. I see that they paid dividends in December 2019, so hoping we’ll get some in December 2020, but I’m here waiting to see. Is it normal for a company to only decide to announce dividend last minute or something? +Hi my age is 30 years old and I'm new to investing. I was told to put my money on growth ETFs since I'm young and invest in dividend ETFs later age since I have only 1000 a month to invest. Is this a sound advice? Thank you! +Many of us are holding very similar companies / funds (T, SCHD, MSFT, O, STAG) but I recently purchased something that is normally outside of my usual industries ( CTT, a timber REIT) which got me wondering. + +What's the most unusual / unexpected /weirdest holding you have? And why did you pick it? +New investor portfolio + +Appreciate any advice, suggestion, or criticism.. +Started with $2000, split equally into 8 parts and adding $200 monthly ($25 per slice) This is long term (25 years to retirement) considering swapping out qyld for O + +1) VTI +2) QYLD +3) AAPL +4) PEP +5) SBUX +6) PFE +7) MPW +8) VZ +Thanks ! +Hello all, I am still learning the ways of stocks, ETFs, and of course dividends. Through browsing this sub, I see many people recommend dividend stocks. Overall stocks tend to be risky compared to ETFs, but many of the recommended stocks are stable and long hold stocks which provide decent dividends in return. + +My question is why are not dividend ETFs not recommended more around here? ETFs are usually more stable. They are of course more diversified which provides stability. They are able to provide similar dividend yields or sometimes higher than dividend stocks. Dividend ETFs do tend to have lower growth compared to the stock, but if it had a higher dividend yield, why not? + +When seeing dividend portfolios, I often see 1-2 ETFs and rest being stocks. Not to say that is bad, but why not more ETFs? I remember seeing a post awhile ago about like 20 different strong dividend ETFs, but I can’t seem to find that post again. I put all of those onto my watchlist and check on those as well as check into the recommended stocks many of you have. Anyway, just looking for some general thoughts on Dividend Stocks vs. Dividend ETFs. I am trying to learn as much as I can before I start investing into my portfolio soon. Thanks! +I'm 26 and I recently got into investing. I have a 401k with work that matches 3% I'm putting in about $100 a week into a roth IRA and I want to put $50 a week into dividends. I'm curious what the best strategy is to grow my money, would it be investing in something that is $50 or less or stockpile it for a couple of weeks and go in on a bigger stock? Any help would be appreciated! +No matter what options strategy that we discuss, there are good and bad about them. + +For me personally, the Wheel strategy has been a pretty good strategy. Below are the reasons [why I love the Wheel](https://alphapursuits.com/why-i-love-the-wheel-options-trading-strategy/). + +1) It doesn't require me to sit in front of the computer all day long + +2) It doesn't require my attention all the time + +3) It doesn't make me stressed out or drenched in adrenaline all-day + +4) It has a high win rate + +5) It's easy to understand and manage + +Do you have a different experience or anything negative to say about the Wheel? + +Any pitfall that you can share? +http://www.sec.gov/news/pressrelease/2015-49.html#.VRQ2y3W9-EL + +Thoughts on this? Obviously it would be among the riskiest investments out there for the small investor, but what other implications could this have? It seems like it's going to a brave new world for the retail market this summer and fall. +I know things look rough in our community. Mania has turned into tribalism. Bitcoin is down more than 30% off it's all time high and may go down even more. Here's a little story about why I still believe and will always believe in crypto. + +I was 25 when the 2007-2008 financial crisis hit. I had a great thing going. Married the woman of my dreams and was about to have a kid. Well the insurance brokerage I worked for went belly up. I was staring unemployment in the face with a kid on the way. I was scared. + +I was also pissed off. The snakes that put us normal folks out of work were getting bailed out. Where the fuck was my bail out? Things got so bad for us that we lost our house. Had to move in with our folks. I felt like a loser. I had panic attacks. It got so bad that I was hospitalized for a week. I went to therapy and my therapist said one thing to me that changed my life forever: "You don’t know who you are until you face and survive hard times” + +So what did I do? I hustled, man. I worked 3 jobs; fixing computers for old ladies, landscaping, food service, anything I could find. Finally landed a good entry level gig in healthcare and worked my way up over the last 12 years. Well guess what? I lost my job this year because covid crushed the industry I was in. This time around I wasn't even stressed. I lived everyday over the last 12 years like I'd lose my job tomorrow. I found work in 3 days. I didn't take a dime of unemployment. + +I got into crypto in 2016. I've made money, I've gotten rekt but one thing is for certain I never stopped believing. Even if crypto doesn't become the financial standard for humanity in my lifetime I continue to study, invest, discuss with anyone that will listen so that hopefully my kids can live in a world where hedge fund managers don't determine that outcomes of their lives. + +If you weren’t prepared for this dip, mentally or financially then take a minute to reflect. Who are you now? Who do you want to become? Staring a charts all day isn’t going to fix anything. Take a break. Focus on something else for a minute. Money is a conduit to accomplish goals, not the goal. + +Anyways be smart out there. Things will get better. Crypto is not going away. We've survived worse. + +Edit: appreciate the love guys. Honestly just felt compelled to share. I wish someone would have spoken to me like this and I guess the internet is a good place to be vulnerable sometimes. +I was on the New Zealand stock exchange today and I saw a company called “Kiwi Property Group” and according to yahoo finance, it’s book value per share is around $1.40 and it’s trading at $0.90. Sounds like a great company. Would you say it’s undervalued? +Hey everyone, + +So basically I think there is a good probability that we are at the edge of an economic disaster. I have been talking about the bond market, and looking into what is going on there and it is clear that the FED has their hands tied on this and our only path forwards are 1) hyperinflation or 2) failure in the bond market due to rising interest rates. + +In 2019, the world economy was running hot AF. In just the span of time from 2018-2019 the us median income rose 2%, poverty dropped 2%, and it all seemed very good. + +The FED saw that the economy was getting hot, and that their quantitative easing (QE) policy might be becoming less effective. They have some bank tools that are used to combat inflation and interest rates. These tools are IOER, SLR%, and YCC. + +IOER: Interest one excessive reserves. This is perhaps the most important tool because feds can manually change the interest rate on the M1 money stock. This is important because from this first money stock, every-time one passes hands there is an interest rate associated with it. So Interest rate on IOER affects the M1 money stock, M2 money stock, all banks, and almost all of the credit that we try to get, it also affects SLR%. + +SLR%: Supplementary leverage ratio %. This is basically how much loan loss reserves a banks and companies need to always keep on hand in order to meet the needs of their members. For example, the US fed can put a cap at 10% SLR% and that means that the bank can leverage 90% of its money out, while only keeping 10% on hand. This is influenced by IOER and this SLR% is the main reason we cannot raise interest rates using IOER. + +In 2019 we tried raising IOER, which increased SLR. When we did that we moved the underbelly of a beast so massive we had no idea how big it could be. When we raised IOER many banks and companies have taken out so much debt that they literally COULD NOT STAY LIQUID with increases in interest rates. + +[https://youtu.be/URvok29rf-w](https://youtu.be/URvok29rf-w) + +Not only did this raise in interest rates lead to a huge liquidity disaster, it also led to liquidity disasters IN OTHER COUNTRIES. That is really really really worrisome. We raise interest in the IOER and all the suddenly Turkey also is having a major fucking liquidity issue. I don't know each country but I do know that our 2019 actions were affecting Turkey and other countries. + +So what did we do in response the the 2019 liquidity disasters? WE LOWERED INTEREST RATES AND PRINTED MORE MONEY. WE KEPT THE ZOMBIE GOING. + +then the pandemic hit... + +The pandemic hit and the FED already knew we were at a knives edge with the bond market. So their plan, although they say it was to help us, was to pump up the zombie economy with a huge monumental stimulus. Then we got two more after. + +I wanted this stimulus, we all wanted this stimulus, but by pumping the stimulus in the economy and pumping up these institutions that can't stay liquid if they had high interest rates has kind of put off the inevitable. A huge falling out of people who have too much debt. + +So here we are in 2021. Government debt has not improved (it has got worse), credit ratings on many zombie companies that aren't turning a profit are going to get worse and worse credit ratings = high standards of SLR% to stay liquid. This is going to make it even MORE difficult for these companies to deal with high interest rates. + +**WHAT DOES THIS FIRST PART MEAN?** + +We have tools to deal with inflation, the most important being raised interest rates using (IOER) which influences SLR% and capital requirements of institutions. However, we have so much debt, and so much of this debt belongs to companies that don't turn a significant profit. So we can't raise interest rates if we don't want a flat out crash in the bond market and wave of bankruptcies of major corporations and possibly financial institutions. + +so if controlling for inflation by raising IOER would lead to a liquidity crisis in the bond market, how do we control for and prevent hyper inflation? + +People have been talking about Yield Curve Control (YCC) as it is a tool to control for inflation. However it is not. YCC works by the FED going into the economy and buying up as many 10y and 30yr bonds as they can (this puts more money in economy), then selling a bunch of their short term expiring bonds. This buying on the long end and selling on the short end would help keep interest rates low for companies to stay liquid, BUT LOW INTEREST RATES LEADS US TO MORE INFLATION, so this plan will not work for very long. + +**THE FED IS BETWEEN A ROCK AND A HARD PLACE** + +**increase IOER to control inflation** = major liquidity issue and a fallout of our bond market + +**do YCC to avoid fall out of bond market** = more inflation! + +**print more money** i**nject it into the economy** = buy more time but put off inevitable. + +I have been thinking about this and I don't see that they have a way out. I have read into it and also heard people talk about this long before I got here. Below I leave some links so you can hear about this from someone else besides me. + +[https://youtu.be/CCmdmOr06pY](https://youtu.be/CCmdmOr06pY) (CNBC on bond market) + +[https://www.youtube.com/user/TheMoneyGPS](https://www.youtube.com/user/TheMoneyGPS) (another person who actually looks at numbers and data) + +[https://youtu.be/28VXEocPnw4](https://youtu.be/28VXEocPnw4) (Peter Schiff has been saying this for a long time) + +[https://youtu.be/Y1OkOtQND8w](https://youtu.be/Y1OkOtQND8w) (former banker sees same pending disaster) + +**Commodities** + +I don't want to talk about the inflation we are seeing in commodities because we have talked about steel a shit ton here and all of us know that inflationary signs are all over the economy. CPI will literally be the last indicator that inflation is here SO PLEASE INGORE THE FED WHEN THEY SAY CPI IS LOW. + +We see inflationary pressure all over the market. Especially in commodities, producer prices, import costs, housing prices, etc. The FED is only saving face with CPI cause they know controlling inflation means crashing the bond market. + +**My Plan** + +**Exposed myself to commodities**: I have invested in a handful of commodity tickers $RFP $MT $CLF $LPX $CTT $PCH $SXC, $ADM because even if we have the catalysts of a crazy economic recovery we also have inflation. So no matter what these stocks do, they HAVE to go up. I think in 2021 any commodity stock that can produce cash is a good one to have. + +**Expose myself to raising interest rates**: To ensure that I do not end up being a bag holder for the irresponsible lending and money printing that our government has engaged in for the last decade i am buying puts against the bond market. I have bought puts against $TLT $VGSH $HYG $VMBS $VGIT. I will keep buying them too. + +**interest rates stay low = more inflation = commodity stocks go up** + +**raise interest to control inflation = bond yields go up, prices of bonds go down. potential fallout of companies and institutions that can't meet SLR%** + +I took out positions on Monday and its like i touched a beast that just woke up. It should not be possible to be up $1500 in one day. the VGSH puts for october that I got for 10 dollars are now worth like 300. + +[https://ibb.co/DCJR0Vc](https://ibb.co/DCJR0Vc) + +TLDR; If you want to protect yourself from inflation, buy commodities. If you want to protect yourself from the fucking house of cards that is the bond market, buy puts on bond ETF's against the bond market. This strategy might be VERY successful this year. Most of the puts i am buying are for the late fall or early next year. + +If this country could handle higher interest rates I think we would be okay. But the 2019 disaster did not spur confidence that we we were in a position then, and now the house of cards has only expanded and our money printing has led to enormous amounts of speculation that this world has never seen. Cryptos, SPACs, NFT's, High valuations, Cathie Wood, Chamath, etc. etc. To make this wore we are already starting to see inflation pressures hit producers and commodities. EU and AU are doing MORE MONEY PRINTING and QE. Money hasn't even started moving through the economy too. We have not even opened up. + +I sincerely wish I could believe this administration that we are in for a great economic recovery. They are completely ignoring the huge fucking problem right under their nose. + +This guy seems to agree with me: [https://youtu.be/\_\_eVeN8wmfQ](https://youtu.be/__eVeN8wmfQ) + +My positions: + +[https://ibb.co/PTsF3Qq](https://ibb.co/PTsF3Qq) + +[https://ibb.co/n3Vh1XD](https://ibb.co/n3Vh1XD) + +[https://ibb.co/JsmDFv8](https://ibb.co/JsmDFv8) +24 years old at the moment. Have been wanting to get into investments that can generate somewhat passive income for the last year and I found a condo in my area for around 60-70k. The goal is to rent it out for income + +I store a good amount of my Bitcoin and other cryptos with BlockFi to earn interest….they also offer the ability to get a loan through them. Instead of selling my Bitcoin to buy the property…I put my crypto up as collateral and got a cash loan equivalent (almost) wired straight into my account. Used that to buy the property! No banks involved at all In the process. Best part is after I pay off the loan (which I easily can right now) the collateralized crypto returns back to my account! + +So while I didn’t buy this property with Bitcoin itself. Bitcoin did allow me to retrieve the cash equivalent of my loan through a crypto financial firm. Times are changing and Bitcoin really is the future, I feel bad for those not keeping up with the evolution of money. +Article Link: [https://www.nasdaq.com/articles/gamestop-enters-oversold-territory-gme](https://www.nasdaq.com/articles/gamestop-enters-oversold-territory-gme) + +" In trading on Tuesday, shares of GameStop Corp (Symbol: GME) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $88 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 32.2. A bullish investor could look at GME's 28.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side... " +Hey UKPF, long time follower, first post. + +This may sound like a stupid question, but why are banks always busy when you need to go in them? I very rarely need to as I bank online, and I appreciate older folks won’t do this, but when my dear old grandma sends me a cheque for my birthday, there’s always loads of people queuing. + +At some branches the machines even take cheques and cash deposits, so I don’t know why so many people need to queue to see the teller, rather than use the cashpoint. Do pensioners need to go up in order to get their pensions? Is it something to do with benefits? Genuinely curious. +I know it doesn't make any sense, but I have these thoughts of overpaying my mortgage. I am in the first year of a 5-year fix at a rate of 1.28. I have significant savings in savings accounts that pay more in interest than my mortgage rate, so overpaying is literally losing money. I also have a S&S ISA and a pension that I can contribute extra to, if I wanted to do something else with my money. + +&#x200B; + +Having this money available on a higher interest rate (even if losing money to inflation), makes more sense than overpaying. Overpaying in the last couple of years before the remortgage date, to get a better rate, makes more sense. + +&#x200B; + +Yet I can't shake this thoughts that I should overpay now. I think it is a combination of being in long-term debt for the first time in my life and anxiety about rising interest rates when the time comes to renew. + +&#x200B; + +Can anyone relate to this? Thoughts? +I have had a mortgage offer from HSBC that expires in September. I have to take a 20% pay cut temporarily. Will HSBC pull the offer because of this temporary reduction? Or will a letter from my.employer saying this is only temporary be sufficient? +They’ve done the viewing and want the room. I want to make sure the lodger is able to pay monthly rent and that they are suitable to live in my home. + +* can I set up a direct debit for monthly rent to come out every first of the month? Did you guys set up a direct debit with a third party provider? + +* Can I ask for references? What sort of specific things did you ask for your reference checks? I want to make sure they can actually hold down a job + +* I need a recipient type of tool to document deposit and monthly rent + +What else can I do in preparation for this new lodger? New to this and want to start off right +You can read it here or on my personal [blog](http://stockmarketnoob.com/2017/10/27/how-to-invest-in-stocks-for-beginners-what-does-the-business-do-and-how-do-they-make-money/). Sometimes I have photos of charts and it is a bit easier to post images on my blog. + +**Step 2 of 10: What does the business do and how do they make money?** + +This seems like a such an obvious thing to research before purchasing a stock, however, I see a lot of people buy a stock because it “sounds cool” or even worse “It will keep on going up!”. All of these are sayings are hopes and dreams and cannot be backed by logic. It is very hard to make any consistent returns solely on hope. Just because the stock is going up it doesn’t mean it will keep going up and it is true the other way around as well. You have to back up your qualitative reasoning with numbers so you don’t wander into fantasy land. We will talk about how we can back up your reasoning with data. + +When we are buying a share of stock, we should think of it as becoming a part owner of that company instead of owning just a piece of paper because at the end of the day that is what we are really doing. If we own 100% of the shares outstanding we own the entire company. + +Let’s take Apple **(NYSE: AAPL)** for example. They make money by selling iPhones, iPads, Macs, transactions within their AppStore, Apple Watch, and by selling other apple accessories. We can find this in Apple’s annual report or in the finance world they call this the 10-K report. + +Sometimes how companies make money isn’t as obvious as Apple so we would have to do some more digging. A lot of people use Apple phones so the business is fairly simple. They design phones, then they have multiple different distributors to sell their products at a profit. + + +**If you are researching a company that you have no idea how they make money, just stop researching and go to a different company. There are thousands of companies to choose from!** + +It is easier to analyze a company in an industry that you work in. If you work in technology like me, look at public tech companies because you are more likely to know what they do and how they make money right off the bat. I personally have a hard time knowing drug companies because I do not work in that industry. + +To learn more about how and what % of their revenue comes from different revenue streams, You should search “Apple investor relations” or “Apple 10-K”. In these reports, companies split out revenue per sector and a section explaining how the company makes money. There is also a report called 10-Q which are quarterly reports. The SEC requires public companies to release these reports and have a conference call every quarter where investors can ask the CEO about their company and other questions they may have. + + +**TL;DR** + +- Don’t buy stocks just based on thoughts. + +- Figure out how the company makes money. + +- If you can’t figure out what the company does, skip it and move on. +Extremely frustrating day today - seems like nothing could go my way. + +Just to name a few things that occurred: + +1. Stop is hit and then the trade immediately reversed into my favor +2. Switched bias on a trade and lost both ways +3. Trading software malfunctioned leading to losses + +Feel free to share your own troubles and vent if you need to haha. +What if prices just keep going up, but wages remain far behind, and loans just keep increasing? + +If we look at Beijing and other places where population has exploded: Prices of apartments are in the 1.5Million dollar range. + +We're talking in a country with an average income of 7.4k per year (and that's IN Beijing, in the rest of China it's half that!). +If that can happen there, there's no reason it can't happen here as well. With loans in the picture, foreign investment and no restrictive land taxes, there's no reason Sydney won't basically become something like beijing. + +The story goes in Beijing to save for an apartment, you need the life savings of 4 grandparents, 2 parents, to ensure the kid can afford a deposit, and spend his and his children's life paying it off. + +There's no reason that wages are a cap on housing capital value because most people get loans, multi-generational ultra low loans if need be. Failing that foreign investment will prop the market up, failing that you can dig into your super for it, the point is currently both governments prime focus seems to be to not pop the bubble in any major way. + + +My point is, people always need places to live, population grows exponentially, and as people get poorer they have more kids. +In the long run 20-30 year range, 2-3 generations, and 2 kids per family on average... + +Property is a no brainer. This 'decline we're experiencing now is a speedbump at best, even given a big 'crash'. People always need places to live, and in the long run population grows exponentially. The only thing that will really dent housing prices is massive government reform or tragic population reduction via war/disease/famine or emigration. + + + + + + +Context- I'm a pre sneeze Jan/21 ape, drs'd, and I'm pretty up to date on the fuckery lately, but I had a real world situation yesterday that has me hoping I'm imagining this. + +I'm an artist, and I was selling art at a Horror con yesterday. A horror con, in October, after the event had been delayed through summer. A LOT of people were looking forward to this, should have been easy to make money, right? Well, all the vendors started feeling through the day that we were more packed with customers than we'd ever been, but no ones sales were reflecting that. Quite the opposite, actually. People would make all the little indicators that they would buy stuff- in my case, items under ten dollars i literally cant keep on my table at almost every event I go to- and then just put it down and walk away. I barely cleared my table fee, after 10 hours of sales of spooky things to goth people. + +It was confusing and frustrating, especially finding out most of the vendors felt that way. Personally, I needed this event to be good for paying bills reasons, so it was a hard day yesterday. + +After getting home and unloading, I had a horrifying epiphany that overlaid all of our DD and suspicions in here about just HOW fucked and how bad its gonna get for people, like I dont know if you guys understand- goth people not going ham on affordable Halloween shit is like, unheard of. Maybe it was just a bad day, maybe I'm projecting.... And its probably nothing, but.... + +DRS is the way, mayo boy can keep chugging on this hivemind locomotive cock, dont fucking dance, and apes strong together +Average employee/employer premium cost rose from $6250 in year 2000 to $20000 this year. This has rapidly outpaced actual monetary inflation by over 100% ($6250 in 2000 is worth $9151 today). The employer has been shouldering a HUGE chunk of health care cost that is hidden away from us. + +Assuming costs stay stagnant (which is unlikely), if you retire now, you would have to budget for $20000 in medical premium costs each year, which is not even including out of pocket or deductible costs, to achieve the same quality of care provided by your previous employer. + +Is that an accurate assessment? People who have retired early with a family to provide health insurance for, what has your true cost been each year? + +https://www.wsj.com/articles/employer-provided-health-insurance-approaches-20-000-a-year-1538575201?mod=mhp +There’s been a lot of great talk about mentally preparing yourself during the ups and downs of the MOASS to see dips and not panic. And it’s all amazing. Stick to that. + +Carrying that further, the MOASS will take time. Weeks maybe? Hard to say. But that means if you’re looking at a $50m floor, you’ll be a millionaire for a loooooong time before you’re out. If you’re an xx holder, you’ll be a millionaire for the first (most likely) time in your life at $100k. There’s a lot of space between that $100k and your floor. + +Mentally prepare yourself to go about life normally. Going to work, loving your friends/family. Coming onto Reddit. Going to bed. Paying bills. Walking your dog. It’s going to be weird and don’t underestimate it. + +Doing the monotonous could make it tempting to sell before your floor. Your financial life will have changed, but as long as you’re still holding, your life hasn’t changed at all. Mentally prepare yourself for the gray area of being a millionaire in stock but holding on to the end. + +It’s going to be the best strange feeling you’ll ever have. +Standard deduction is like 12K +Earned income tax credit is like 1.3K +If you had taxes taken out of wages and earned 25K then it works roughly like this: + +Return = amountTakenFromPaychecks - (income-deduction)*tax rate + 1300. + +A lot of folks i know don't file because they don't think they made enough to get anything back. THEY WRONG. PLEASE FILE. + +That's before all other tax credits. I am not a tax professional. The above is a dramatically simplified model meant to demonstrate a point. + +ALSO: DONT PAY FOR TURBOTAX. The IRS has a program called the Free File which works just like TurboTax but it's 100% free, covers states too. Congress just barred them from advertising it openly. + +IRS.gov for more details. +The narrative "Money can't buy you happiness" which has been fed to us and has become a dogma in every culture, amongst people of each and every socio-economic level is wrong. Money might not hand over happiness to you, but it gives you the possibility to have happiness, that freedom to make choices which can make you happy isn't something that you'll get from anywhere else. + +"Money can't buy you happiness. You need to follow your passion" - Everyone +In search of this mysterious thing called passion which is nothing but consistent practice done by individual that over a period of time, generally before they are 18, they start associating it with their identity and think that it is something they are good at *ahem* familiar with *ahem* so they'll pursue it as a career instead of researching their expected returns. Most people on these paths are clearly doomed. Are you about to explain how John Mayer, or some other artists followed their passion and became successful? Well, let me tell you that they were following their passion along with some job like working at a gas station which was paying their bills to follow that passion. Surely, they weren't making much but they were getting enough money to buy them time to follow the passion which might or might not have made them successful. + +Dreams don't pay the bills. Am I sounding old school? Well, try doing that, I don't know if it would or not but Money does. It's the only way in this world to get your basic human needs met unless you're ready to live the life of our hunter-gatherer ancestors. Even worse is telling young people to throw away their option to choose freedom that money provides for the "perciveable" freedom that following your passion as your sole career comes with and leads you down to misery. + +I am fairly certain that the Stoics considered money to be a preferred indifferent, meaning that all things being equal, it would be better to have it than not have it (like health). I agree that money isn't something which inherrently makes you happy and theirs more to happiness like health, friendship, love, etc. But if you think about health, you can't have good health if you don't have money to buy good quality food, and lack equipment or membership to gym to stay fit just because you have limited money or maybe they are simply out of your reach. You can't maintain friendship or any relationship if you have to think about spending on every dinner or movie night. You'll be stressed to death if occasional splurge is something you can't even think about. In all of these cases it's not like that money handed over happiness to you, but it at least gave you the freedom to make choices that can make you happy. There are people who will eat junk food with all their money and ruin their health or be jerk around people even though they have money. So be it. They'll not be fullfilled in that aspect of life. + +[Data is beautiful ](https://stoichuman.com/money-cant-buy-you-happiness-is-an-oversimplified-bullshit/) +So my parents and my boyfriend’s mom have been getting on my case about buying a house. I’ve given it some thought and I don’t think I’m ready. I grew up poor and now that I have a good chunk of money saved, the thought of dumping it all in a down payment honestly scares me. Being financially secure is something that I value a lot. If I bought a house and got in an accident or something, I wouldn’t have any money to cover an unexpected expense for a few months. On top of that my bf and I don’t want to stay where we’re currently living long term. He followed his mom’s advice and bought a condo as soon as he could. Now that we want to move he doesn’t really know what to do about it. He’s only owned it a year so his options are to sell and break even, or figure out how to turn it into a rental property. His mom is especially pushy about me buying, and when I explain the above points she says that I should still buy a house or I’ll never be able to afford one later. She says that just because I buy a house that doesn’t mean I have to live in forever. But shouldn’t you plan to live long term in the place you’re buying? Is it really worth it to buy now and go through the hassle of renting the house later? What would your advice be? + +Some relevant info: I barely have enough to put less than 10% down on a house where I currently live, and my job guarantees a raise every year (this could potentially help me keep up with the price of housing when I do decide to buy). + +Edit: Thank you to everyone who took the time to respond. I didn’t get a chance to reply to everyone but I read through all the replies. I’ve decided I’m definitely not ready to buy a house (financially or emotionally). I’m going to keep saving money while living with my boyfriend. I’m also working on setting hard boundaries with my parents and bf’s mom, and shutting them down when they ask. Thanks again for all the great advice! I learned so much about what it really costs to buy a home. +http://www.huffingtonpost.com/tobias-van-schneider/no-alcohol-no-coffee-for-15-months-this-is-what-happened_b_8723958.html?ncid=fcbklnkushpmg00000063 + + +I thought this would bring up an interesting debate. Guy in NYC stops drinking alcohol and coffee and says he saves $1000/month. Also thinks it's completely "normal" for someone to go out for drinks *every, single, day*. What do we think, /r/pf? + +I've opened a few bank accounts over the last month or so just to try them out and see what's been happening outside of Monzo. Revolut and Starling both have their perks, but you always hear amazing things about First Direct, so thought I'd give them a try. + +Opening an account with them was - by a LONG way - the most difficult of any debit/credit card I've ever opened, and when I got to the end of the week+ process...the app is incredibly bare-bones and boring? There's nothing interesting going on in there, you have to set up like 5 different passwords/secret answers, the entire thing just seems incredibly basic and I don't understand why everyone sings their praises. + +Is it a legacy thing? I'm aware FD had an app and other things long before the other high street banks, but is that the limit of what made them stand out? Since they don't seem to have 'kept up' with the challenger banks in this regard. The only other thing I can think of is the customer service, but I've never had an issue getting help/resolving issues with Monzo either. + +I'd love to hear thoughts from FD users to help me understand what makes these guys a great bank? I really don't mean this in a smarmy way at all, genuinely curious. To my eyes, it's a very basic bank account that does less than my other accounts and is much more hassle to manage. + +EDIT: Thank you all for your responses, sounds like I was largely correct that it's legacy and their telephone banking service being exceptional - for me, telephone banking is entirely irrelevant but I can see why they have such a positive image as a result especially as one of the first banks to have an app. +For the newfriends, this is our far-too-frequent group prayer thread as we beg the tendieman to return. + +These generally come about when we have 3-5% losses in large companies, as such moves will usually wipe out the portfolios of anyone holding FDs... which is a lot of you. + +[Pleas fly again](https://www.reddit.com/r/wallstreetbets/comments/kccpoi/found_this_on_twitter_how_fucked_is_he/). + +Edit: + +The market, believe it or not, is bigger than GME. There's a lot of exciting things happening today worth talking about. + +Edit 2: [GME Megathread](https://www.reddit.com/r/wallstreetbets/comments/lqj165/gme_safe_space_megathread_for_february_23rd_2021) +I'm 26, only started a salaried job this past September out of grad school, and I currently have about $18,000 in student loan debt (it was originally double that but I managed to pay some off while in grad school). I'm really proud of this and I just wanted to share. + +Edit: Sorry if it came off "braggish". With so many people tight on money, it's hard to celebrate that you have money. + +It was mostly done using micro savings from my checking account to my savings account. My bank allows me to set a goal to work towards, and then figures out how much to take out every day. I also have my paycheck deposited into my savings, and only transfer over what I need for the next two weeks (I get paid every two weeks). + +In addition I budget my expenses and watch my finances like a hawk. +So I am selling my used bike on Gumtree for about £700 and I have had a couple of people message me interested for the bike, however neither of them can come in person to have a look at the bike, which to me is very strange, especially on such an expensive bike. They are both very insistent the would like to pay via PayPal and no other method as one is a very busy software developer and the other one can’t collect for health reasons. Both said an “agent” will collect the bike once payment is made. + +Something about theirs stories just don’t add up! Happy to forward the convos via private email if anyone is interested. + +I don’t know, there is something about these that doesn’t sit quite right with me! Is this a scam? Can be payment on PayPal be reversed? + +EDIT: Thanks for all the feedback guys! I shall stay well clear of those buyers! Fingers crossed I will sell this bike quickly as I am in need of cash lol +Hey everyone; + +I'll keep this succinct. + +I'm a British graduate who's been living and working in Latvia for the past 2 years in a nice little tech marketing job. I take home exactly 1000 euro's a month, (gross is something like 1430). + +This may sound like a terrible wage considering how much I'd earn back in the UK, but it's actually not that bad when you consider the cost of renting here. I pay 200 a month + utilities to share a lovely apartment with my GF in the center of the capital. + +Now, this is good and all, and I've kind of convinced myself that I couldn't afford to live a similar lifestyle with a similar job back in the UK. But lately, I'm reconsidering this. + +I would earn approximately 3 times more for the same job in a major UK city, but of course, the cost of living would be higher. But what else am I forgetting about? + +Of course, higher real wages allow for investments on the side and purchasing power abroad. But is there a really strong argument for why it's better to earn more and pay more for rent/utilities etc, rather than examining the ratio of: real wage/cost of living? + +Btw, it's not all rosy over here, 6 euros for a tub of Ben & Jerry's is considered a steal. (Groceries in Latvia is very expensive compared to say; UK Lidl) + +Anyway, just wanted some opinions on the pro's & con's of each situation. Thanks! + +EDIT: I should add that I am indeed British, not Latvian :) Gf is Latvian. +After having access to Netflix ( NFLX ) in America I realize it’s very overrated and if puts were cheaper I’ll buy it. + +First off it’s expensive. If my company didn’t pay for it I would use Hulu or Amazon Prime. + +Second HBO, Disney and others have their own streaming services and don’t want their content on Netflix so now their movie selection suck. Most of the movies aren’t even American. + +Third Amazon and Apple will be able to out compete them because they get revenue from other sources such as data collection, cloud and can link to shopping, Alexa/Siri, etc. + +In conclusion Netflix sucks and if it wasn’t so expensive I would buy two year puts. +Hi all, for LTC cash voucher tax benefit this time, is there any comprehensive details of what all services can be showed and utilised? + +I heard anything with above 12% gst except food materials can be claimed. Can anyone confirm? +In different comments posted under different topics in this community, I have seen the well-informed people here say- +*Term Insurance should be bought only after you have dependents.* + +I was planning to buy a Term Insurance and for that, I did a few calculations- + +* Picked any one scheme. Let's say HDFC Life Click2Protect 3D Plus. +* Choose one of the options and riders, if you want them. + +For a policy with term till 60 years of age, the premium came to Rs.1081 per month. +Age: 26 | If the premiums are paid for 35 years (including current year), total amount paid towards premiums= **Rs. 4,54,020** + +Now, if I take the same Term Insurance with same options/riders next year (Age 27), the monthly premium turns out to be Rs. 1116. +If the premiums are paid for 34 years (including ongoing year), total amount paid towards premiums= **Rs. 4,55,328** + +A nominal difference of Rs. 1308 in the amount paid over the lifetime. This number will *only increase as you delay* buying the insurance. BUT, case in point: + +Why not buy a Term Insurance **right away and not wait till you have dependents** if it is going to save you money, even if it is a small amount? + +What am I missing that the people who say '*Term Insurance should be bought only after you have dependents'* know? +It seems like a really good company. Its management is good. Owned by the TATAs. But, one thing that continues to bother me is that the promoters hold only about 30% of the company. As far as in the past as I can check, they've always held 30%. + But, why so? +I recently stumbled upon this category of funds on Zerodha. On checking returns, I see that most funds of this category have delivered \~10% returns over the past 5 years. ( [https://www.etmoney.com/mutual-funds/debt/gilt-with-10-year-constant-duration/67](https://www.etmoney.com/mutual-funds/debt/gilt-with-10-year-constant-duration/67) ). + +How are these funds different from normal Gilt funds? +Has anyone here invested in them? What should one know before investing in these funds? +As per the FAQ doc of this MF https://www.motilaloswalmf.com/mf/assets/pdf/indexfunds/sandp-500-index-fund-faq.pdf + +**All International mutual funds attract taxation of non-Indian equity investments, i.e. debt taxation, the investor may take Indexation benefit post three years.** + +Does an investor have to manually calculate the Buy - Sell value (for each SIP) and apply indexation benefit formula - to figure out how much tax is owed while filing ITR? + +**Is there an easy/automatic way to calculate tax owned due to SIPs in foreign equity mutual fund? If you invest in foreign equity / MFs how do you calculate tax?** + +--- + +Consider simple example below: + +Suppose I invest Rs. 100 in year 1, Rs. 100 again in Year 2. I sell the MF units in Year 5 (for value of Rs. 300). + +Indexation benefits for the Year1 investment would be different than those for Year 2 investment. +My dealings today have been frustrating enough I figure I should name and shame. + +**The bank is Barclays and the product involved is the AAdvantage Aviator Red MasterCard.** + +Not too long ago, I noticed some odd charges on one of my credit cards. Someone had made a couple of PayPal transactions for nearly $500. I checked my eBay and PayPal accounts and there was no recent activity. The card in question is on my PayPal account, but there had been no transactions in a good while since I don't use either service much. + +I called my bank and disputed the charges. They said they'd look into it and I'd probably see a credit soon. The credit soon posted, but in addition the merchandise from the fraudulent transactions was delivered to my home address with my name. The shipping labels had 'eBay' on them, so I called eBay. I gave them the USPS tracking numbers since sellers have to log those when shipping. They would only say that they couldn't see any recent activity on my account and that I should contact my bank if there were unauthorized charges. + +I opened a case with PayPal and told them that there were charges on a card added to my PayPal account, but no activity showing under my PayPal account and gave them the tracking numbers as well. PayPal responded that the account associated with the transaction was closed and that there hasn't been any unauthorised access to my PayPal account. They also said to contact my bank to get refunded. + +So the credits post and now I'm stuck with this merchandise I don't want or need. eBay and PayPal wouldn't put me in touch with the sellers to return it, so I sent letters to the return address on the packages. I said that they had sent me stuff I hadn't ordered, and that it looked like someone had stolen my credit card number and had it shipped to me, and I imagine that the scammer had hoped to steal it from my doorstep, but couldn't because the packages were left in a parcel locker. I told them I'd gladly give the merchandise back, and asked for a return shipping label and provided my email. + +Nothing happens for several weeks. Today I got a call from my bank saying the merchant responded and they will reprocess the charges. I told the rep the story, but she said if I disagreed, I'd need to write a letter and ask them to reopen the case, and that they'd send me the info the merchant had sent them. She read notes that said something to the effect of ip location and purchase history were consistent with past activity. + +Before the fraudulent charges, the last time I used the card was at my dentist's office. I suspect someone there may be behind this. They have my personal info like address and SSN, so they could open accounts with my info. They're also close to my home so they could easily go by and pick up packages from my front door if there were any there. I've read about similar ship to the fraud victims where a return label or ups pickup to get the item to the scammer shows up a couple of days later, but I haven't seen anything like that. + +I still have the merchandise they sent me. It's sitting in a box at home unused. I have no use for it and I'm happy to give it back to the seller. I just don't want to pay expensive shipping fees to do so. How should I proceed? I'm thinking about going to the police station after work today to file a report and including that when I try to reopen the dispute. + +**Tl;Dr Someone stole my credit card info and had merchandise shipped to me. I disputed with the bank, but the bank is saying it looks like a legit charge.** + + + +**Edit to add** :This started 2 months ago. The reprocess call came yesterday. My account number was changed immediately and no other odd charges have shown up. I've checked my credit report and nothing else odd is there. I called the police this morning and filed a report. + +**Additional edit from reply below** : + +After being hung up on several times, I started the call saying that I intended to file a CFPB complaint if the issue wasn't resolved in this call. One agent I spoke with even told me I just have to ship the stuff back at my own expense before the bank can do anything. + +Eventually they transferred me to the 'disputes' department. Apparently 'fraud' is step one and 'disputes' is step 2. Fraud says that since the merchandise came to me and that I have a PayPal account, they can't find in my favor. The disputes guy sounded like he was in an outsourced call center. He told me that I need to write a letter to reopen the case and that the bank can use that as evidence when going back to MasterCard to refute the info from the merchant. + +I told them I intend to follow through with a CFPB complaint because I didn't consider the issue resolved and that I had received conflicting information from previous reps. He said not to worry and that the bank always has my back. (It certainly doesn't feel like it.) + +**Edit** : +To everyone saying contact eBay/PayPal/the seller -- I've tried. eBay and PayPal say the transaction was not on my account so they can't do anything and that I should contact my bank to be reimbursed. They won't give info about transactions on accounts that I don't control. I wrote letters to the sellers asking for return labels and they didn't respond. + +**Edit 5/26** +Someone PMed me an executive email yesterday and I received a preliminary response that they were looking into it early this morning. + +**Edit**: +Update posted: https://reddit.com/r/personalfinance/comments/8nj2zg/update_im_a_victim_of_credit_card_fraud_scammers/ +In April I started trading the 0DTE Breakeven Iron Condor strategy. This has so far been my profitable strategy. + +Since a new year has started, I have summed up my results from this strategy after 112 trading days and 588 individual trades. + +Using an average buying power of up to 12.000 - 15.000 dollars I have made 9052 dollars on this strategy during these nine months. For me that is a fantastic return, at least compared to other strategies I have tried. It is also less stressful than other 0DTE strategies as you rarely experience days with big losses. + +Here is the essence of the strategy: + +I sell Iron Condors on SPX with the delta on the shorts between 5 and 15. The distance to the longs are from 15 to 30 points on SPX. I try to collect the same premium on both sides. + +Immediately afterward I enter stop losses for each side for just a little more than the total premium collected for the Iron Condor. Since usually only the stop loss on one side is hit, this means that the losses are kept at a minimum, hence the name "Breakeven". + +The tight stop loss of course leads to more losses. Of my 588 trades 59 % have been losers and 41 % have been winners. But since the average winner is 2,45 times larger than the average loser, the strategy has a positive expectancy. + +There are of course risks - the biggest being double stop losses. That happened in 3 % of my trades so far. Another risk, as with any 0DTE strategy, is bad stop loss fills. + +From my perspective, the most positive with the strategy is that losses are kept so small. But to achieve this, stop losses are an absolute must. + +If you are interested in learning more, I have done a detailed write-up of how I trade 0DTE Breakeven Iron Condors on my web page. + +[https://www.sandvand.net/2022/01/02/0dte-breakeven-iron-condor/](https://www.sandvand.net/2022/01/02/0dte-breakeven-iron-condor/) +I've had 20k in their target retirement date 2050 fund since April and added another 10k a few months ago. Right now I have $30,004 in there... I wish I had just saved myself the trouble and collected the 1% interest from my bank account! This is the first time I've ever invested money btw. + +I've also got money in a Roth IRA and a Trad IRA in the same target retirement fund. Should I start looking elsewhere or stick it out? People in this sub recommended my current strategy with Vanguard since I'm not interested in an actively managed portfolio. +I just want to remind new Bitcoiners to check [mempool size](https://blockchain.info/unconfirmed-transactions) before making any transaction. + +Basically, anything below 30k-40k unconfirmed transactions means you don't have to pay high fees (let's say more than 100 satoshi per byte). + +Today I paid ~30sat/byte and the [transaction](http://imgur.com/k22zNyu) went through in 30 minutes. + +Save yourself some coffee money and don't pay miners more than is necessary! +EDIT: WELP. You greedy fucks lol. I'm out of coins. I'll be back when i hit 1M. + +&#x200B; + +Alright all you degenerate gamblers, when I joined r/pennystocks out of boredom after being banned from r/vancouver by an oversensitive mod, I figured why not just throw 100k into this and see where this goes... + +Started making stupid gains and I jokingly made a bet with myself that if I hit 500k realized gains for this year, I'll buy Gold for every idiot on this sub that can string 2 sentences together. + +Well after that ridiculous rally on monday I dumped almost every position on Tuesday/Wednesday morning and I crossed that 500k threshold (i honestly thought it would take at least 6 months) + +[Mai gainz](https://imgur.com/a/9mYLTzU) + +So I'm a man of my fucking word. I just bought a metric ton of coins: + +[Mai coinz](https://imgur.com/a/M6Kk09E) + +Here is the deal: Make a comment with what your dream purchase will be when all your pennies go to the moon and I'll give you a gold award. That simple. NO POSITIONS. NO 1 DAY ACCOUNTS. + +And before you retards ask what positions I was in, I made 100+ fucking trades in last 2 months and I'm too lazy to have to stitch 7 screenshots together so just sift through the burning shit pile that is my comment history and you'll get a good idea. + +EDIT: I'll do this until end of day or until i run out of coins/patience/wrist strength +A few days ago somebody posted on here about a company called AURVISTA GOLD CORP. I was kind of intrigued because the price was cheap, about 20 cents a share, and it's a gold exploration company. Which means if they strike, well they are literally sitting on a gold mine. I have kind of, sort of mulled it over in my head ever since. So about 10 minutes ago I decided to really look into it, since I do own some mining and think PM mining may do well in the future. + +Almost immediately [I came across this interesting article](http://www.marketwatch.com/story/parta-dialogue-adds-aurvista-gold-to-its-list-of-canadian-resource-and-energy-sector-clients-2012-11-28-121733923). It basicaly says that the company in question has hired another company to pump it's stock price on social media, such as reddit. + +It illustrates a point that I have long lived by, and I think everybody should keep in mind. Never believe anything just because somebody tells you to believe them. Always be skeptical. Especially of what you see on the internet. +Hello everyone. It's been a while since I have done in-depth valuation of companies. Starting from the next year, it looks like I'll be doing a lot of equity research and as a preparation I'd like to refresh and sharpen my valuation skills. Could anyone recommend good valuation exercises (relative valuation, precedent transactions, DCF, IRR, real options... anything would do) with answers and step-by-step explanations? I am familiar with these methods and have used them in the past. I just require some practice to make sure I feel confident about my ability to build detailed valuations models in Excel and that I don't make any careless mistakes in the process. + +Thanks a lot! +I have been listening to todays hearings on Gamestop. + +It is Clear that some of the Panelists asking questions are not qualified. + +It is also clear that the right questions are not being asked. + +The Q. & A. time limits are prohibiting the truth from being exposed! + +My favorite was a congressman asking how "Robinhood" got its name. What a waste of valuable time. + +When one panelist asked the question about naked shorting the person answering the question was cut off when he ran out of time. Instead of the next panelist asking for the testimony to be continued that panelist asked another stupid question. Didn't our Congressman prepare for this hearing? + +I personally deleted my Robinhood App. I am glad I did. +Hi, I’m pretty new to algotrading but coding for a bit using python. One rule in the strategy used involves looking for the trend using EMA. (If price above, buy and vice versa). However, I want to filter out signals from a flat trend line or a ranging market. How do I do this? +This is a question out of sheer curiosity and to get a sense of this community. To what extent do you embed neural networks and other machine learning algorithms in your bot? +Hey all, + +I wrote a python script that grabs all of the option trading data available on the yahoo api but have been seeing inconsistent data. + +I log all data to a SQL database and when I compare volume and open interest (for example) I get totally different results from the API / loading the option chain in the yahoo website, and checking it against other brokers. When I say different results, I mean the data isn't even close between what I get from the API and what you can see on the option chain on yahoo finances website. + +Anyone else experience similar issues? + +To close the loop, where can I find good data (semi-realtime) that's not going to cost hundreds a month? +I recently discovered OptionNetExplorer (ONE) a desktop app that allows you to step through historical option chain data in 5 minute increments. + +To do this, you must have your brokerage software running while ONE is open, and jt fetches the data from your broker. In my case this is TDAmeritrade's ThinkOrSwim app. + +What I'd like to do is either + +a) fetch historical data from TDA in the same way that ONE does. Are there API calls I can use for this? + +OR + +b) 'sniff the wire' while the ONE software is fetching the data, so I can copy and store it. I tried using the tool, 'Charles Proxy' , to see my internet traffic, but I don't see the options data coming through. Are there better tools? + +Any suggestions on how to proceed? +Seems unethical to me, I mean its essentially a licence to print money right? Apart from WA Tabcorp is the official government licensee to run the various lotteries. +While Australia pay has been low for a while and it shouldn't be a decision between higher super and wages it seems more and more media attention is pushing for the superannuation rise to be an opt-in model or saying higher super will impact pay today. + +Do we think its a bit of myth given pay hasn't really increased nationally even without superannuation rising? and if given the option would you increase your pay or superannuation? + +[https://theconversation.com/that-extra-youre-about-to-get-in-super-most-of-it-will-come-from-you-but-dont-expect-the-ads-to-tell-you-that-154723](https://theconversation.com/that-extra-youre-about-to-get-in-super-most-of-it-will-come-from-you-but-dont-expect-the-ads-to-tell-you-that-154723) +I have heard a lot of new apartments are badly constructed with paper thin walls and bad ventilation. + +So my question is: when thinking of an offer, what must you check beforehand? +As a few of you know, some phisher tried to collect e-mail addresses and Bitcoin addresses a few days ago by asking for them in private messages, claiming he wants to give away BTC. I replied and used a throw-away e-mail address to see what happens, and I just got the following e-mail: + +> From: contact@coindesk.com +> Subject: New Bitcoin exchange secured 10% higher prices +> +> News has emerged that a bitcoin exchange service has opened in Iowa, USA. The bitcoin exchange hxxp://btcmonetize DOT com allows you to transfer bitcoin to the traditional fiat currency - the dollar. +> With intention to attract new clients, for the next 12 hours hxxp://www DOT btcmonetize DOT com secured 10% higher bitcoin price compared to the other exchanges. +> +> At this moment the value of 1 Bitcoin is: +> BtcMonetize: $646.1 +> Coinbase: $595.99 +> BitStamp: $593.00 +> +> CoinDesk +> The Voice of Digital Currency + +So, that's what it's about. Trying to convince you to use a scam exchange. **So avoid that URL included there at all costs!** + +// Edit: Made the links non-clickable, but still searchable. This way, somebody googling for that site will still find this post, but their Google rank won't be increased. +"None of the affected employees are represented by a labor union," Yahoo proclaimed in a notice filed with the California Employment Development Department, saying the 107 layoffs would take effect April 11. +https://www.ft.com/ + +GBP down 1.65% as of 10:30pm GMT + +https://uk.finance.yahoo.com/quote/GBPUSD%3DX?p=GBPUSD%3DX + + 11:22pm: Lab 2 ¦ Con 0 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 63.5% ¦ GBPUSD 1.2781 + +[apparently Corbyn has been given more \(new\) security on the exit poll](https://twitter.com/JasonFarrellSky/status/872946888147914754) + + 12:00am: Lab 5 ¦ Con 1 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 64.2% ¦ GBPUSD 1.2784 + 12:20am: Lab 6 ¦ Con 1 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2775 + 12:30am: Lab 6 ¦ Con 2 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.9% ¦ GBPUSD 1.2758 + +Keep in mind that brexit talks are supposed to start 11 days after the election (according to May). Hard to see how that would stay on track + + 12:40am: Lab 6 ¦ Con 4 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.8% ¦ GBPUSD 1.2747 + 12:45am: Lab 8 ¦ Con 5 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.5% ¦ GBPUSD 1.2745 + 01:00am: Lab 10 ¦ Con 5 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 64.3% ¦ GBPUSD 1.2725 + 01:23am: Lab 17 ¦ Con 8 ¦ SNP 0 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.0% ¦ GBPUSD 1.2732 + +[Stock markets are set to open higher in Japan, Australia and Hong Kong as early election results trickle in from the UK.](http://www.bbc.co.uk/news/live/election-2017-40171454?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=5939e86ae4b0831b6702ffb7%26Asian%20markets%20react%20to%20UK%20election%26&ns_fee=0#post_5939e86ae4b0831b6702ffb7) + +speculation now abounds that [Boris Johnson may become the new PM](http://www.marketwatch.com/story/boris-johnson-as-new-uk-prime-minister-bookies-are-already-increasing-the-odds-2017-06-08) as May is expected to resign...say it ain't so. The world cannot have 2 national leaders with troll doll hair. + + 01:33am: Lab 22 ¦ Con 10 ¦ SNP 1 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2700 + 01:50am: Lab 28 ¦ Con 15 ¦ SNP 2 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2721 + 02:02am: Lab 40 ¦ Con 25 ¦ SNP 5 ¦ LD 0 ¦ Green 0 ¦ Turnout 66.3% ¦ GBPUSD 1.2735 + +Far as I can tell by observing the shift in number of votes by constituency, UKIP voters are splitting 50/50 between torys and labour. However, Labour is also getting the benefit of SNP voters flipping to labour while the lib dems are flat so far + + 03:01am: Lab 129 ¦ Con 106 ¦ SNP 17 ¦ LD 2 ¦ Green 0 ¦ Turnout 67.6% ¦ GBPUSD 1.2791 + +so far the tory's have lost 4 seats. Labour have won 12 and SNP have lost 8 + + 03:20am: Lab 155 ¦ Con 139 ¦ SNP 24 ¦ LD 3 ¦ Green 0 ¦ Turnout 67.7% ¦ GBPUSD 1.2758 + +[Corbyn says May should resign](https://twitter.com/Laura_K_Hughes/status/873000897156087809?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.theguardian.com%2Fpolitics%2Flive%2F2017%2Fjun%2F08%2Fgeneral-election-results-2017-uk-live-labour-tories-corbyn-may-election-results-live-news-line%3Fpage%3Dwith%253Ablock-593a042ae4b0bdd87e2f4d3d) + +[Corbyn wins Islington North by the largest majority ever](http://www.bbc.co.uk/news/politics/constituencies/E14000763) + + 03:33am: Lab 177 ¦ Con 164 ¦ SNP 25 ¦ LD 6 ¦ Green 0 ¦ Turnout 67.9% ¦ GBPUSD 1.2760 + 04:15am: Lab 229 ¦ Con 222 ¦ SNP 32 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.3% ¦ GBPUSD 1.2748 + +now it gets interesting. Labour are projected to get a max of 266 seats, let's see if they shoot past that mark + + 04:37am: Lab 238 ¦ Con 263 ¦ SNP 33 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.4% ¦ GBPUSD 1.2768 + 04:37am: Lab 245 ¦ Con 285 ¦ SNP 33 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.5% ¦ GBPUSD 1.2757 + 04:37am: Lab 250 ¦ Con 290 ¦ SNP 34 ¦ LD 11 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2752 + +I counted 5 recounts underway in the south-west region. All were tory ridings and in all cases it's the tory's who seem to have demanded the recount. + +Also, it seems safe to say that turnout will end up higher than in 2015. We are already 2% above the 2015 level of 66% + + 05:15am: Lab 251 ¦ Con 294 ¦ SNP 34 ¦ LD 11 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2751 + +39 seats remain to be called. Tory's need 32 to have a majority in the Commons and 20 to match the exit poll. Labour needs 15 to match the exit poll. + +SNP, despite having lost a few seats, has still won the majority in Scotland. Nicola Sturgeon already put out a salvo for coalitioin with Labour if they are in a position to form a coalition + + 05:42am: Lab 256 ¦ Con 302 ¦ SNP 34 ¦ LD 12 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2754 + +apparently [Fife North East](http://www.bbc.co.uk/news/politics/constituencies/S14000049) is on its 3rd recount with the difference being as close as 1 vote! + + 05:55am: Lab 257 ¦ Con 309 ¦ SNP 34 ¦ LD 12 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2770 + +a tory majority is still a possibility but only a theoretical one. Some of the remaining seats are snp/libdem/labour strong holds + +Finally tally is in and we have a hung parliament. The maths is not in favour of a Labour coalition and given the politics at play it seems unlikely the Tory's will manage to cobble together one. What happens now is the horse trading we all so love and admire about Westminster. I expect to see at least one person toss their tea. +Pumptober has been a beautiful sight to see. Coins pumping left right and centre thanks to Big Daddy Bitcoin making a new ATH! + +It’s very easy to feel the fear of missing out (FOMO) when you see astronomical gains across the charts. It’s risky to chase a pump but sometimes we do it just for the thrill of it - and that’s okay…as long as the money we are investing is something we can actually afford to lose! + +When I say “lose” I mean literally turning your $100 into $0. + +Crypto is a ridiculously volatile market and although it’s not uncommon to see 10x or even bigger gains, it’s even more common to see people lose all or a large chunk of their money. **Cough** Suid Game **Cough** + +I see it a lot in the daily, people taking loans out or over-investing their savings into a project — this is a huge risk because nobody knows what’s around the corner. + +I honestly couldn’t care less what coin you want to invest in, or even whether you’re going to do research first or not - but if you’re going to be investing, make sure your bills are paid; there’s food in the fridge; and that even after you’ve deposited in, that there’s still fiat aside for random emergencies. + +**Anything** can happen. Be prepared! +I know I’m just crying into the void along with every other novice retail trader but goddamn I just need to vent. Played around with investing in 2020 and made big returns. I had no real idea how fragile my entire approach was until these past three weeks. Moved huge portions of my portfolio from AMZN to ARKK early January. Took out margin equal to 50+% of my NLV to buy the “dip” a few days into this cycle and in hindsight I effectively doubled down on those positions at nearly their ATH. Everybody says it’s a long game, hold it and forget it. And god I’m trying. But now I have to hold margin for all that time? That seems like fixing a terrible move with another terrible move. And ARKK isn’t just tech, it’s one of the riskiest tech ETFs out there. Why did I do that? God I feel stupid. + +This is too much for someone with existing mental health problems. I have an appointment with a financial advisor later today but it’s going to take weeks/months to emotionally recover and a year/years to financially recover, best case scenario. I hate this. + +Edit: I know margin was stupid. I’m not from a background where people talk about investing. I never had a chance to talk to someone about the risks. All I knew was an instant loan with a 2.5% rate. None of you are wrong when you say it was stupid but I promise you I’m already telling myself that every minute. +Here's a list of the major milestones that RavenX has passed already: + +&#x200B; + +1. Donated OVER $150K TO BINANCE CHARITIES. IN 3 DAYS SINCE RELEASE. + +&#x200B; + +2. Listed on CoinMarketCap. Pushed tracking. NOW TRACKING ON CMC. IN 2 DAYS SINCE RELEASE! + +&#x200B; + +3. NUMBER 1 TRENDING ON CMC! IN JUST 2 DAYS SINCE RELEASE! + +&#x200B; + +4. Listed and tracking on COINGECKO, IN JUST 2.5 DAYS SINCE RELEASE!!!!!! Also on top gainers in coingecko!!! + +&#x200B; + +5. Passed Techrate Audit!!!! + +&#x200B; + +6. We reached a penny 🙆‍♂️ (that's not really news but it's exciting haha) + +&#x200B; + +7. LISTED ON BLOCKFOLIO DAY 5 + +&#x200B; + +8. Partnered with Jazz Defi. You can farm Jazz now. Day 4. + +&#x200B; + +9. Partnered with Shield Finance. + +&#x200B; + +10. WE HAVE CLAIMED A STAR(HAHA CHECK THE SUBREDDIT IM NOT JOKING) + +&#x200B; + +11. CERTIK AUDIT UNDERWAY + +&#x200B; + +12. POOCOIN AD LIVE + +&#x200B; + +It's only a matter of time before binance acknowledges our existence + +&#x200B; + +Seriously the only project I trust with my left testicle released the past week - the one to stay. The volume of rugs and scams over the last week is astounding.....RavenX is no such thing! The devs are super active, always in telegram. The reddit is a little dead, could use some love :D, but twitter is active, marketing is revving up, and THE CHARITY IS AUTOMATIC AND TRANSPARENT. + +&#x200B; + +&#x200B; + +Heres the details: + +&#x200B; + +The community and dev team are awesome and it looks like this unique charitable feature will likely generate media attention. + +&#x200B; + +All of this is publicly verifiable on the blockchain at the Binance Charity address. + +&#x200B; + +[https://bscscan.com/address/0x8b99f3660622e21f2910ecca7fbe51d654a1517d#internaltx](https://bscscan.com/address/0x8b99f3660622e21f2910ecca7fbe51d654a1517d#internaltx) + +&#x200B; + +&#x200B; + +&#x200B; + +The next goal is to donate $1 million in the first week! + +&#x200B; + +\---------------------------------------- + +&#x200B; + +PRESALE COMPLETED ON DXSALE ✅ Sold out in 30 minutes + +&#x200B; + +&#x200B; + +&#x200B; + +80% to liquidity (rest is for early marketing and first donation to charity) + +&#x200B; + +————————————— + +&#x200B; + +TOKENOMICS + +&#x200B; + +Total supply: 500 000 000 RX + +&#x200B; + +Marketing: 25 000 000 RX (locked for 10 days and dripping 1/10th per day) + +&#x200B; + +Team: 25 000 000 RX (locked 6 months) + +&#x200B; + +6% transaction fee will be split into: + +&#x200B; + +2% burn fee || 2% redistribution fee || 2 % donation fee + +&#x200B; + +—————————————Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8891de345808e77228677f0efb56125db1e93a49](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8891de345808e77228677f0efb56125db1e93a49) + +&#x200B; + +Poocoin Charts: [https://poocoin.app/tokens/0x8891DE345808E77228677F0EFB56125DB1E93A49](https://poocoin.app/tokens/0x8891DE345808E77228677F0EFB56125DB1E93A49) + +&#x200B; + +Twitter: [https://twitter.com/ravenxfin](https://twitter.com/ravenxfin) + +&#x200B; + +Website: [www.ravenx.finance](https://www.ravenx.finance) + +&#x200B; + +Telegram: [https://t.me/RavenXfin](https://t.me/RavenXfin) + +&#x200B; + +Reddit: /r/RavenX/ +I thought this article from the WSJ was interesting since so many of us are doing just this. + +**How to Get Entirely Tax-Free Retirement Income** + +*If used wisely, HSAs give savers a triple benefit--pretax deduction, tax-free growth, tax-free withdrawals* + + +When it comes to saving for retirement, I now use two accounts: My 401(k) and a health-savings account. + +Many people overlook HSAs as a retirement-savings vehicle because they are typically used to pay current medical bills. But these accounts, which Congress authorized in 2003, come with more tax advantages than 401(k)s and individual retirement accounts when used to cover medical costs—whether now or in retirement. And there are ways to use them to create tax-free income in retirement. + +Saving for medical costs makes sense given that they are a major expense in retirement. A 65-year-old couple who retires today and has no reason to expect an early death will need about $265,000 to have a 90% chance of having enough for Medicare premiums and the 38% of medical costs Medicare doesn’t cover, according to the nonprofit Employee Benefit Research Institute. (That amount doesn’t include dental and long-term-care expenses.) + +The HSA “is the most tax-favored savings vehicle in the tax code,” says Leo Acheson, a senior analyst at Morningstar Inc. who wrote a recent report about HSAs. + +As with a traditional 401(k) or IRA, an HSA allows you to set aside money without paying federal or state income taxes on it. Money in HSAs grows tax-free and, if used now—or later—for medical expenses, can be withdrawn tax-free. In contrast, with a traditional 401(k) or IRA, income tax is paid on withdrawals. (Alabama, California, New Jersey and New Hampshire don’t provide a state tax deduction for HSA contributions and Alabama, California and New Jersey also tax HSA earnings.) + +Because of the HSA’s triple tax advantage—the upfront tax deduction, tax-free growth and tax-free withdrawals for medical expenses—experts recommend that those who can afford to contribute to both an HSA and a 401(k) kick in the maximum to both. + +For a 401(k), the current annual limit is $18,000 for people under age 50 and $24,000 for older investors—numbers that will rise to $18,500 and $24,500 in 2018. The annual caps for HSAs are $3,400 for individuals and $6,750 for families in 2017 and $3,450 and $6,900 in 2018—with those who are 55 or older permitted to kick-in an extra $1,000. + +Those who can’t afford to put the maximum in both should first allocate enough to their 401(k) to get the company match and then switch to the HSA (and later return to the 401(k) if they can save more), experts say. + +To open an HSA, you must be covered by an HSA-qualified health insurance plan. Among other things, the plan must have a deductible of at least $1,300 for individuals and $2,600 for a family, thresholds that rise to $1350 and $2700 in 2018. + +I signed up for such a plan in 2016. To help build a buffer against my plan’s $6,800 out-of-pocket spending cap for in network services, including a $2,800 deductible, my company deposited $500 into my HSA. I put in the $1,300 I saved on premiums by using the high-deductible plan instead of the conventional plan. Eventually, I added $2,050 more because I wanted to make the maximum annual contribution allowed, which, for individuals, was $3,350 in 2016. In 2017, I contributed the $3,400 individual limit. +The biggest payoff with an HSA comes when the money set aside isn’t used for current medical bills and instead compounds over time for use in retirement, says Rob Austin, director of research at 401(k) record-keeper Alight Solutions LLC. “The longer you let HSA money grow, the more valuable it becomes.” + +To see why, consider my approach: For the sake of a simple, round number, let’s assume I have a $75,000 salary. That means that after paying federal income tax at a 25% rate, New York state income tax at a 6.45% rate and FICA tax (which finances Social Security and Medicare) at 7.65%, I get to keep 61 cents of each additional dollar I earn—not great. + +By saving in an HSA, I can shelter all 100 cents of every additional dollar I earn from taxation forever, assuming I use the money for medical bills. + +Due to the HSA’s extra tax advantages, each dollar I put into my account will turn into $2.19 after 20 years, assuming a 4% annual inflation-adjusted return, according to Vanguard Group By contrast, the same dollar will be worth just $1.64 after I take it out of a traditional 401(k) in two decades and pay income taxes on the withdrawal. (The example assumes a 25% federal income-tax rate and ignores state tax.) + +In an HSA, “savings can compound to produce higher returns than those available from other accounts,” said Maria Bruno, senior investment strategist at Vanguard. + +Even if I decide to tap my HSA to cover current medical bills, it is still worthwhile to contribute, said Roy Ramthun, a consultant who specializes in high-deductible plans and HSAs. The reason: The upfront tax deduction allows me to keep the 39 cents per dollar I would otherwise have had to pay in taxes. + +To withdraw money tax-free from an HSA, you have to use it for qualified expenses. Those can include not just medical bills but also dental and vision-care expenses, premiums for all types of Medicare plans except for Medigap, and a portion of long-term-care insurance premiums. + +If you use your HSA for nonmedical expenses, you will owe income tax on your distributions—and a 20% penalty if you are younger than 65. + +If you are organized and stockpile receipts for past medical costs you paid out of pocket since establishing the HSA, you can file for reimbursement in retirement. Doing this will allow you to supplement your retirement income tax-free in years in which tapping other accounts would push you into a higher tax bracket or expose you to higher Medicare premiums. + +“You could conceivably buy a boat or motorcycle with HSA money if you have receipts for qualified medical expenses” you paid out of pocket in the past that are equal to the purchase price, said Eric Remjeske, president of Devenir Group LLC, which advises banks offering HSA investment platforms. + +https://www.wsj.com/articles/how-to-get-entirely-tax-free-retirement-income-1510315200?tesla=y&mod=e2fb + +http://archive.is/Q7eWN +Yesterday's price action will be quite a memorable one. Very high volume day, a bullish engulfing candle, the closing price was in my price range 6.2-7.2 EUR even though the bottom went temporarily through it on the hacked account news. Maybe there is a pause and a minor retest but there are strong hints this will be a bottom on the weekly chart for many candles, at least 2-3 months, and the minimum targets would be around 9-9.5. I believe 12-12.5 would be possible as well but a little bit stretched. Beyond that, we need to reverse powerful existing forces. Hopefully that will happen one day. + +I still think that the supply problem from mining + ICO is not resolved even though the demand side of the equation has improved at these lower prices. But thats because we hit the big support level. If we hit it again it would be weaker, I guess. So 3-4 EUR is still a remote possibility. But not for now. And maybe this is the true bottom and we will make new ATH. Time will tell. + +Anyway, thats my last 2 cents that I'll spend here. +As for me, i wasn't even involved in yesterday's trade even though i posted a lot. Thus,it made me realize that I'm really wasting my time unproductively. The reason i've been sitting out of the market is a lack of risk appetite/confidence recently. And also the lack of incentives. + +As for the lack of risk appetite, its more psychological than anything else. After all, my gross profit this year according to my spreadsheet is north of 430K EUR with an ATH just below 450K (in September), so less than 5% retracement. But my big problem is with taxes. I didn't think about it before pressing the SELL button when i sold my ETH during the first bubble (around 9 EUR which provided more than 2/3 of my profits, as I bought first in Dec15, its higher than today !!). In my juridiction (Japan) I'll have to pay 50% on that. I'm working to reduce a bit the bill, even reducing that to something like 40% would help a lot obviously, but i don't know if it will work. + +So taking risk with my capital, and having the govt taking 50% of the gains, isn't a good risk/reward proposition...depressing if anything... gains from FX or stock trading is taxed only 20% here...!!! Law might change in the near future, but too bad for me... + +The other thing is my mindset about crypto. I've left my IB trading position 3 years ago, and haven't worked since. Those crypto gains is a nice sum of money, BUT not a life changing one for me, my net worth is one order of magnitude higher. The real best thing it has done for me, is giving me back some credibility to my entourage (and to myself), as I would not have invested in crypto if i hadn't spent time in meet ups, conferences, studying IT/cryptography a bit (online courses) and even meeting ETH devs BEFORE the ICO ! Also, a salary would have been taxed the same, and obviously I can't get anymore a job paying that much these days. + +While a lot of people here have a YOLO mentality, wanting to be crypto millionaires with 10x or 100x or more gains, hoping to repeat for themselves the stories of the likes of Bitcoin Jesus, my mentality is (overly) conservative and I don't want to become a loser of crypto after having made some money, because i need more the "credibility" than i need the money ! + +To avoid becoming a loser once you've become a winner in this game, there is only ONE SURE recipe, its to cash out, something i did already after the first bubble, where from the initial 40K ETH i went back to 10K size in the second bubble, and then even less size after DAO hack (when i flattened my whole portfolio at the time) before resuming trading earnestly again with ETC and BitFinex hack day. Addicted gamblers all end up in ruin because they continue betting the farm until they lose it... + +Given my NET AFTER TAX profits will amount only to a more modest #200K (a bit more maybe if my plan works), i have decided to have a buy and hold position in only XMR + a little bit of ETH, and i own also FCT A-shares (those would be taxed only 20% if there is ever a gain). In the case it all goes to 0, i will still be a winner in this game. + +At some stage later, i might decide to increase my size or even to trade again, notably if I get some good money from other investments than crypto. After all, my crypto holdings is an extremely small percentage of my net worth. [ I own real estate, gold, even some stocks.] But if I trade actively, i want to try to commit 100% professionally, using professional tools (arbitrage bots included), maybe even manage other's people money. and also, stop posting. + +Posting was good for my ego, and also good for my discipline. I never BS you, and writing here my stop levels helped me to execute them with no remorse. "forgetting" stop losses has cost me a lot so many times in my career. + +I also learnt a lot from many posters, even some i liked to mock like etheraddict77 and wish you good luck to all. I think see many good young traders here (special mention to redembr, kustonoy, arbitrage84, thisusernameluvsyou, and also the guys who called right this latest bear market like econoar, O-O-O) I see good quality TA posts, so I know you won't be orphans. It was very entertaining to read you guys. + +I will need to block this site especially during the rest of this month. To make things "worse", the Japanese tax offices considers any crypto transaction as a BTC/JPY etc.... transaction (so ETH/EUR is ETH/JPY + EUR/JPY)... which means i have to sort out all my trades and compute my taxable income all by myself... I've started to program that but only 15% through that. (I don't wanna do that on a spreadsheet, i want to use this as an opportunity to practice my beginner programming skills) + +This is my last post, if I come back posting, I might even use a new account. + +Thank you to all, it was fun, I spent a good time with you all. Good luck, try to make money, but don't forget, don't invest more than you can lose, it MIGHT all go to 0 even if we all hope it goes to 100$ or 1000$, never use leverage, and never short crypto...and believe in TA !!! markets don't need reasons to go up or down, they just need a trend (or it could just be noise)... + +Good bye Hasta la Vista Au revoir Sayonara +I’m Russian, currently living there as well. The Russian national bank recently announced that next month they will cut access to buying stocks from “unfriendly” countries for “unqualified investors". To get a "qualified investor" status you need econ higher education or more than 6 mln rubles portfolio, that's $100k. I'm not close to that yet. Selling will be allowed. + +Their stated reasons are infrastructural risks with western financial institutions like Euroclear that could freeze our assets at any moment. And this is true, they already froze some parts of Russian portfolios, including mine (I got away only with having a tiny bit of TAL locked lol). I still disagree with the bank’s decision because I’m willing to take a risk, but whatever, they don’t think I’m qualified, and I can understand that. They don't want to deal with a bunch of retail investors crying to them demanding to return money. + +So, my portfolio is basically 40%/30% RU+CN/Western papers, 15% gold and silver, and bit of RU bonds. My plan is to sell gold (and maybe eat a -7% on silver too) and around half or more of my Russian and Chinese stocks, most of which are in the green, throw this money at “unfriendly” stocks I like, and then maybe slowly restore my sold Russian positions while beginning to invest in ETFs on Western markets — yes, those will be available. But I haven’t researched the commissions Russian funds take and their terms yet. + +I have a high risk tolerance and am in a decent financial position to forget about that money for a long time. Would you do something different? What stocks would you pick now if you had this choice in a situation where DCA isn't possible? I have my ideas to research, but interested in what others think. +Edit 7: Important **NEW TOOL**---> [Coinbase created a page that automatically generates an email to send to your senator to vote YES on the Wyden-Lummis-Toomey amendment and NO on the Warner-Portman amendment](https://p2a.co/y19AJ6V) + +Link is legit---> https://twitter.com/brian_armstrong/status/1423746002360619015 + +Edit 8: [**Watch debate LIVE later today**](https://www.youtube.com/watch?v=5LxB21OP1-E) + +> **🔴 LIVE | Senate Infrastructure Bill Vote | Debates Crypto Amendments | Support Lummis-Wyden-Toomey** + +https://youtu.be/H8HS92IveEY?t=230 + +We need to organize and unite around this serious issue. We need to act TODAY. Yes, calling your Senator works if it's in enough large numbers. Forget everything else today and let's act as ONE against this atrocity that could kill Crypto (at least in the US). + +If you live in the United States, CALL AND WRITE your Senator TODAY regarding this regulation which is being used as a weapon against Cryptocurrencies. + +> **> Cynthia Lummis Calls Crypto Community “We Need You”** + +https://thecryptobasic.com/2021/08/06/out-of-the-blue-white-house-came-in-to-support-crypto-tax-proposal-changes-that-are-not-friendly-to-the-crypto-world-senator-cynthia-lummis-calls-crypto-community-we-need-you/ + +Please call: + +> **Call your Senators right now at 517-200-9518 and tell them to support this amendment!** +> +> &#x200B; +> +> We'll connect you to their offices and guide you through the process. +> +> &#x200B; +> +> When a staff member answers, tell them: +> +> &#x200B; +> +> “Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.” + + + +https://np.reddit.com/r/Bitcoin/comments/oxylqf/update_last_week_news_broke_that_hidden_within_an/ + +Also you can [use this link](https://gyazo.com/2ed1e022258560cf5381104e144c5667) below to do it easily: + +https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/ + +Edit: Another very [fast and easy](https://gyazo.com/47f15703326299a353fe706f292a0297) way to do it here: + +https://resist.bot/petitions/plwpcn/ + +Edit 2: Watch this excellent rant by Charles Hoskinson: [Warner-Portman-Sinema v Toomey-Wyden-Lummis](https://www.youtube.com/watch?v=JEF8dwF36qY) + +Edit 3: Thanks u/crypto_grandma + +> **For those that think it won't make any difference**, I saw [this comment](https://np.reddit.com/r/Bitcoin/comments/oxylqf/update_last_week_news_broke_that_hidden_within_an/h7rew9m?utm_medium=android_app&utm_source=share&context=3) in the pinned post on this issue in r/Bitcoin that hopefully will encourage people to see they can make a difference: +> +> >I interned for an organization that works on calling/emailing congressmen and senators on acts that we need to pass. +> +> > I never knew how this actually DOES make a difference. +> +> >You don't even need to say the paragraph, you can say some simplified short sentence like "I support this amendment to this act". An intern answering your call will add a tally to "support this amendment to this act" to the call report that is sent to the congressional leader and their staffers. It is an email containing numbers of how many people called about what. We can really work together to make this staggering. +> +> >True, there may be some senators that are being disgustingly lobbied out of their decisions. But there are also those who are genuinely interested/confused on cryptocurrency and this shows them the general public consensus to support. +> +> >You can literally call/email every week on repeat, it goes on a fresh new report each week. Please help in making this work. + +Edit 4: **Late, but I just saw this [+excellent](https://i.redd.it/9g2x5ocdbtf71.jpg) [+explanation](https://i.redd.it/mexj1pcdbtf71.jpg)** + +Source---> https://np.reddit.com/r/Bitcoin/comments/ozgw7w/please_read_and_call_your_senators_and_share/ + +Edit 5: Another [great way](https://gyazo.com/e6f4708f1f8acfadc41b610eba75b288) to contact your Senators: + +https://www.cop.senate.gov/senators/senators-contact.htm + +Edit 6: Keep the [pressure!](https://www.youtube.com/watch?v=thMAmHBEB38) They are bringing out the big guns---> + +> **Jeff Stein of the Washington Post wrote that Treasury Secretary Janet Yellen has personally lobbied against the earlier amendment, even going so far as to contact Wyden directly**. + +https://www.theblockcrypto.com/amp/post/113774/dueling-amendments-on-crypto-tax-reporting-become-key-battleground-over-senate-infrastructure-bill +I work at a big TPA, and a quarter of my time is spent fixing this specific type of operational failure called a missed deferral opportunity (MDO). The biggest correction I've done for this type of operational failure was over $200K. + +# What is an MDO? + +If your employer doesn't allow you to defer money from your paycheck to put into your 401(k) plan or 403(b) plan, but you are eligible to participate in the plan, they likely owe you money. + +There is a subset of the DOL called EBSA that takes this very seriously. If you [call them](https://dol.gov/agencies/ebsa/about-ebsa/about-us/regional-offices), the issue will (eventually) be corrected. However, I recommend speaking to your employer first. If they don't view it as an issue, let them know there are hefty penalties they may have to pay...and the DOL just made them, literally, 10 times worse. + +# Common Example of Failure + +1. You were not automatically enrolled as intended +2. You changed your election amounts (e.g. 3% up to 6%), but the change was never made +3. Your employer keeps saying they will get to it, but they don't. I recommend sending this via email for records, whether or not you speak to them directly. +4. Someone forgot to start deferring money when you became eligible +5. HR person went on vacation when you became eligible and there was a delay + +# How Much Does My Employer Owe Me? + +Your employer owes up to 50% of the amount you elected to defer (i.e. the MDO), and 100% of the match you would have received, plus interest. The MDO + interest are deposited to your account as a qualified non-elective contribution (QNEC), which is 100% vested. The match you would have received + interest, which I will now just refer to as match, is subject to standard vesting requirements. + +# Why Am I Only Receiving 50% of My Deferral? + +The government views this as a joint failure between employee and employer. You still received the money you were owed, it just wasn't tax-deferred, and now your employer has to pay you twice. + +Keep in mind this is my understanding of the government's rationale, and not necessarily my personal opinion on the matter. + +# I Told My Employer, But Didn't Receive A QNEC! + +This might be correct, but it's very unlikely if you notify them of the issue. + +**Example 1 - 0% QNEC** + +Your employer must begin correct deferrals by the earlier of: + +* the end of the month following the month you notified them of the issue, or, +* on or before 3 months from the date the error occurred. + +They must also give notices to affected participants within 45 days of the date correct deferrals began. This notice must contain specific details, one of which is the amount they will be depositing into your account...and I doubt they will have the calculations completed in that time-frame. However, if they manage to do all that correctly, you are owed a 0% QNEC and 100% match. + +Example A: + +* Employer notified of issue by you on: 03/09/21 +* Correct deferrals must begin on or before: 06/09/21 +* Employer begins correct deferrals on: 03/30/21 +* Notice must be given on or before: 05/14/21 +* If correction is made and notice is given on or before 05/14/21, you are owed a 0% QNEC and 100% match. Otherwise, see example 2. + +**Example 2 - 25% QNEC** + +Your employer must begin correct deferrals by the earlier of: + +* the end of the month following the month you notified them of the issue, or, +* on or before the last day of the plan year following the year the error occurred. + +They still have to give the notices, so again...it's unlikely for your employer to qualify for a 25% QNEC. However, if they manage to do it all correctly, they owe you a 25% QNEC and 100% match. + +Example B: + +* Employer notified of issue by you on: 03/09/21 +* Correct deferrals must begin on or before: 12/31/22 +* Employer begins correct deferrals on: 08/30/21 +* Notice must be given on or before: 10/14/21 +* If correction is made and notice is given on or before 10/14/21, you are owed a 25% QNEC and 100% match. Otherwise, see example 3. + +**Example 3 - Plan With Auto-Enrollment Feature** + +If the plan has an auto-enrollment feature, and you didn't notify your employer of the issue, they have 9 1/2 months to begin correct deferrals. They are still required to supply a notice with 45 days of the date correct deferrals begin. Fortunately, there is a "sunset" on this rule, so it only applies for failures occurring on or before 12/31/2020. + +Example C: + +* Employer notified of issue by you on: 01/01/21 +* Not eligible for Auto-Enrollment safe harbor (i.e. pay you a 0% QNEC or 25% QNEC), because the failure occurred after 12/31/20 + +Example D: + +* Employer notified of issue by you on: 03/09/20 +* Correct deferrals must begin on or before: 01/15/21 +* Employer begins correct deferrals on: 01/15/21 +* Notice must be given on or before: 03/01/21 +* You are owed a 0% QNEC and 100% match + +Example E: + +* Employer notified of issue by you on: 03/09/20 +* Correct deferrals must begin on or before: 01/15/21 +* Employer begins correct deferrals on: 01/16/21 +* Notice must be given on or before: 03/01/21 +* You are owed a 50% QNEC and 100% match + +**Example 4 - Other Scenarios** + +If your situation doesn't fall under any of the example listed above, you are most likely owed a 50% QNEC and 100% match. + +# Does It Work For My Plan? + +Unless you have some sort of collective bargaining agreement or 457 account, yes, this likely applies to your retirement plan. + +&#x200B; + +So...this got a lot longer than I expected, but I'm trying to snipe out questions before you ask them. + +&#x200B; + +Edit 1: Changed the opening statement for u/RevolutionaryCat4 and 5 other grumpy people. + +Edit 2: Clarifying a couple things. + +Edit 3: Thank you for the awards. I was able to afford a monocle for my avatar, and I'm feeling pretty bougie. At this rate, I'm gonna FatFIRE next week. +I recently joined an exciting start-up and received a fairly decent salary bump. They're still in stealth but the founding team are seasoned veterans and the technology is potentially very disruptive to a big market. + +I received a number of shares and was told the strike price, but the CEO is not willing to share the valuation from the previous round of funding, nor the shares outstanding. Consequently, I have no idea how much my shares are worth or what their potential value is. (Crunchbase only shows the previous funding round, but not the company valuation. They've already had several funding rounds, having raised in excess of $250MM.) + +At my previous company, which I also joined pre-IPO, the CEO was very open regarding every funding round, what the common and preferred shares were valued at, etc. + +Obviously the CEO being unwilling to share the valuation is a yellow-flag, but I'm not sure how common or uncommon this is? Have any fatFIRE members in Silicon Valley been in a similar situation? +Once I bought a coffee at the local timmies and it was cold. +If I stop by every day, buy a donut until they run out of donuts, then tell everyone that they ran out of donuts, leading to everyone no longer trying to buy their donuts, can I make their stock price go down? + +Are there any real consequences to this? +My nearby college campus offered free COVID testing, I signed up online and filled out all the forms. I did this back in July. Today I get notification that my health insurance is denying a $1,675 claim and is only covering $125 of the claim. I did two tests (one for me and one for my wife). So now I apparently owe $3,000 for both tests because my health insurance says "its past our $125 threshold and it's out of network". + +No where at all did they ever say I would be charged, they specifically said testing is free. I am not and do not want to pay $3,000 for this. + + +UPDATE: The company that conducted the COVID test confirmed that they do not balance bill and follow the ACA law. I should be good. +Latin House Grill in Miami will be throwing a bitcoin happy hour tomorrow in celebration of becoming the first restaurant to accept btc. The bitcoin event is at 7:30pm tomorrow (Friday) - If you live here, please try to make it. The owner has sent out a press release to 585 different bloggers, newspapers, & writers and has also sent out a notification to all 8k followers on his facebook page. Please try to make it - it is an epic deal if you pay in bitcoin unlimited draft beer and appetizers for $10.00 in btc 50% off - $20.00 if you pay credit card/cash. Try to bring a friend who may need some more exposure to this wonderful cryptocurrency! Even if you only want to pay cash, come show your support - we want a big turnout! Hope to see you all there! + +P.S. This will be a good stress test especially since he will be filming a very popular food show (can't name it because of disclosure) in a few weeks and Latin House has told me they will do everything in their power to get a bitcoin transaction on film or any exposure whatsoever - this will put Miami on the Map! Let's make it happen people! + +Like the restaurant page: https://www.facebook.com/latinhousegrill + +Here is the event link: +https://www.facebook.com/events/402908476506411/ + +Coin Map: http://www.openstreetmap.org/node/2589187962 + +Edit: can't name the show because of a non disclosure. + +Update: Miami New Times just wrote a positive article on the event: + +http://blogs.miaminewtimes.com/shortorder/2013/12/latin_house_burger_taco_bar_to.php +This is just a heads up to those using PayPal to either sell bitcoins, or those using BitPay/Coinbase in conjunction with PayPal. + +**TLDR: I started a website in April to sell products for bitcoins. I offered to give bitcoins to customers purchasing via PayPal. This violated PayPal's Terms. They gave me two days to stop, requiring affidavit to be notarized. No notaries were available, as these two days were on the weekend. By Monday, they just decided to end my service. If you're using PayPal and Bitcoin as payment methods, you may be okay, but be careful how you market. Learn from my mistake(s).** + + started selling brand name and budget electronics for bitcoins in April. I decided to give my customers an option to pay with PayPal or BitPay. If they paid with PayPal, I'd give anywhere from 0.001 BTC to 0.50 BTC to them for free, depending on the item. It usually worked out to a 10% rebate. If they paid with bitcoins, I'd give free shipping and 10% off the sale price of the products. + +Things were going great until PayPal somehow found out. I was asked not to continue that incentive marketing model, which I agreed to. I got an email on a Saturday, requesting a signed and notarized affidavit, and by Monday, before I could even provide the info, they just decided to hell with me. They told me they didn't want to deal with a site that was selling using bitcoins. Blew my mind. + +I've checked out a couple payment providers available to Canadian business and one wouldn't allow me to sell products for bitcoins on the same domain as non-btc purchases that they would be used for. + +So, I've switched to a bitcoin sales model only, using BitPay and Coinbase and I'm continuing the free shipping. + +**Edit:** Because my inbox is exploding with people asking for the web address, it is [btcfever.com](http://btcfever.com). I honestly didn't expect such response from my inane ramblings over the foul taste that PayPal has left with me. + +I've decided, for at least the time being, that I will only be only accepting payment via BitPay and Coinbase. + +To be fair, I had made a blacklist of users that had made purchases via PayPal, received the "free bitcoins" and then filed an unauthorized dispute via PayPal (thankfully, prior to me shipping the goods), but the bitcoins were lost. I hadn't published the list, as I wrote it in anger, and as an old friend of mine always said, never send an email (publish a page) when you're angry. Wait until you've had time to cool down and re-read it. I had marked the page as hidden on my Big Commerce site, unaware that it was actually published. (A Reddit user brought it up here). I have since removed the page all together, as I did refer to an individual as "an idiot that costs us money." Chances are, this was the claim that caused PayPal to investigate my account. + +In their eyes (and probably the government's too), I was operating a Money Services Business. I was neither licensed nor registered to operate as such, which may be the inaccurate information that was included as one of the reasons why my account was closed. + +My primary goal is to delivery brand name and budget electronics and gadgets for bitcoins at reasonable and competitive prices. My attempts at giving away bitcoins with each purchase was to spread the word about bitcoins. I want to get more people interested in using the currency, which will benefit the entire bitcoin community. + +**Edit 2**: PayPal just called me with some information that may be of interest. + +They have informed me that due to the recently high number of transactions involving bitcoins, usually for sale via eBay (which allow the sale of bitcoins at the present time, as long as they are listed in either a classified format or in the category Everything Else/Other), or via other websites - PayPal on the other hand will not allow people to sell, or transfer any amount of bitcoins in relation to a sale via their service. + +This is due to numerous chargebacks by users buying bitcoins, then claiming unauthorized payment, or other such disputes. This is risk management on their part and I completely understand it. They were very polite and knowledgeable, and I think this clears up some of the ambiguity as to why PayPal isn't dealing with businesses that are doing transactions involved with bitcoins (giving away bitcoins with a purchase like I was doing led to at least once instance of a customer receiving the bitcoins and filing a dispute). + +I'm not sure if PayPal is against bitcoins, as recent talks from PayPal representatives have seemed to be positive (with possible future implementation of the bitcoin currency added to their service). But that's just imho. + +There is still no word on whether I will be allowed to do business with them in the future, but frankly, I'm not interested. I'm sticking with a bitcoin sales only model. There is less risk to me for chargebacks and I have more control over issuing refunds to ensure customer satisfaction and loyalty. I believe the very nature of the bitcoin transaction reduces fraud and protects sellers far more than other methods. + +Buyers however need to be assured that once they send their bitcoins to a website (especially a new website like mine), that they will receive their product and not lose their bitcoins. So if you are interested in spending bitcoins and you are not sure whether you can trust a website (it's very easy to make an e-commerce site and add a bunch of products), either don't make the purchase if you're not comfortable, search for reviews of the site, or find a site that has been well established. Yes, I may be talking myself out of some sales, but I believe that it is now up to sellers to ensure the integrity of the bitcoin community. +About a week ago I went to my local ER because I woke up with a swollen uvula. I was unable to speak, breathe through my mouth, and it constantly initiated a gag reflex. At first, they thought it was anaphylaxis but then realized it was probably an infection. After pushing all different types of meds in me, the ER doctor thought it was best to admit me to a med surg unit and get an ENT consult. + +During the evening, the ENT evaluated my throat and said that everything was clear. He said that he would say I am good to be discharged. I agreed with him on this notion and asked if I could. He called the resident and attending and they said that I should stay overnight just for observation. I personally disagreed with an overnight stay because I felt completely fine afterward. I was able to talk, swallow, and breathe again. Lab studies and physical assessment showed evidence of uvulitis. I just needed some antibiotics and rest at that point. However, I was not going to leave against medical advice if the physicians felt that I needed to stay. + +Well, today I received a letter from my insurance company saying that they are denying my request for full hospital stay services because they felt that it was not medically necessary. I thought it would be covered because the physician deemed it was medically necessary to keep me overnight + +I am not really sure what to do at this point. I am a poor nursing student that cannot afford to pay this hospital bill. +The posts are the newest FUD campaign, just not directed at APES. Instead, it is counter-marketing directed at newcomers considering joining the cause. They are meant to paint APES as know-nothing amateurs who have no idea what they’re doing or why they’re doing it. They are meant to imply this movement is nothing but a lark. + +MODS SHOULD DELETE EACH AND EVERY ONE OF THEM. + +Edit: + +We’re NOT talking about (or asking MODS to delete) EVERY post that says “I just bought GME.” + +We’re ONLY referring to those that couple their buy announcement with statements like: + +“I’m drunk rn,” + +“I’m new to investing,” + +“I’ve never held a stock before,” + +“I have no idea what the market is,” + +“I have no clue why GME is a good idea, but if you guys say so…” + +and so on. + +THOSE statements are suspect, NOT the buying of shares. + + +TLDR: We KNOW the enemy wants outsiders to see us as “dumb money.” These posts could be the newest iteration of SHFs portraying us as such. +(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? +The back story is that I started a company that sells software to legal cannabis retailers. My wealth is about 90% in equity in that company. I should be able to liquidate some of that soon and have started looking into private banks / wealth management to help on managing some is this. + +I reached out to JP Private Bank and UBS, both of which are unable to serve me because my wealth is from something related to cannabis... + +So my question is, where should I turn? What's a good way to find a private bank that would help me out? +I am curious as to what people are spending their money on and what they feel they get the greatest satisfaction from. There seems to be a recurring theme of lots a travel and I am hoping to do a lot more of that myself soon. But that is not what I am asking about. + +What I am curious to know is what are the recurring entertainment items you are spending money on and what do you enjoy the most. Examples include: country clubs, other memberships, playing sports like golf or tennis that have clubs, subscriptions, season tickets, associations, lessons, dining out, etc. What have you found gives you the most bang for your buck?? +New to this sub, so forgive me if this has already been covered. + +Wife and I are mid-50's, close to R. We have 3 kids. 1st is halfway through 4-year college, the other 2 starting in September. We've of course modeled and planned extensively for education expenses, housing, etc. + +What I'm struggling with more is what kind of expense reductions we can expect post-college when they fully "fledge." We don't expect this to happen right at graduation, but at some point expect to experience some reduction in a number of expenses- auto insurance/gas/maintenance, phones, clothing, food, etc. When I go through line-by-line budgeting, estimates range 14-18% monthly burn reduction (depending in part on timing of how long they stay on our health insurance) by the time the youngest are \~27 yrs old. + +I'd like to gut-check this against any real-world experience on this sub: for those of you who've "fledged" your adult children, what was the expense impact? + +EDIT: Thanks all for the many insightful comments/experiences around supporting, weaning and launching adult children. In retrospect I should have been clearer in my question. + +Most of the comments have addressed approaches and values around launching adult children, whether and how to provide financial support, and for how long. This is important stuff, and something we defined and communicated to our kids some time ago. + +What I was hoping to find now were experiences from those who have launched adult children, who could share how that launching impacted their recurring living expenses, and whether that impact was in line with their plans and expectations. +The U.S. Congress is set to vote on Monday whether to pass the infrastructure bill, which includes multiple provisions that are damaging to Bitcoin and the LN. If passed, it could drive jobs and wealth overseas. It is bad for America. If you are American, you can make a difference by calling or emailing your local representative and urging them to vote NO on the infrastructure bill because it includes multiple provisions that are hostile toward Bitcoin. + +[https://www.house.gov/representatives/find-your-representative](https://www.house.gov/representatives/find-your-representative) +Hello + +I've gotten myself into a bit of financial stress and would benefit from some advice. I owe my partner £2000 of which I'm paying her £200 a month from my salary but I'm finding this to be quite a challenge as it brings me quite close to having nothing left at the end of the month. My credit card has a limit of £500 and for the last three months I've not been able to get it to budge from around -£450 so I'm making no progress there. I pay £300 towards my CC every month but it gets swallowed up in groceries and car fuel among other costs. Credit score around 550. + +I've had a few larger payments over the last 4 months; things like booking a holiday, various membership renewals and car maintenance. This has kept me in the cycle of not being able to pay off my CC or contribute to my emergency fund that currently sits at around £150. + +I'm looking for advice on how to manage the debt to my partner and the CC. Should I get a 0% CC to shift the balance from the credit card I have and then pay my partner in a lump from the CC? I figure I could have smaller monthly payments if I do it that way. + +Thanks for any guidance you can give. +Hi. First time poster to this sub. 31 y/o female. + +I bought my $175,000 house with my significant other in 2015. I put down $20,000 and he put down $5,000. We are both on the deed and named on our loan. The house is probably worth $230,000 now. + +He has paid about $5,000 in repairs that I can think of, maybe more, and bought a $2,000 shed that now sits on the property. He wants to sell the house and split the proceeds 50/50 or me to pay him $40,000. + +(Potential triggers ahead! — I was sexually assaulted by a coworker last year, and I did not tell my partner for a long time. I finally worked up the courage to tell him, and he reacted by saying that I cheated. Our relationship blew up and we haven’t been the same since. (Yes, I reported the perpetrator. I even got a recorded confession to some of it.) I’m currently caught in a legal process that will take about 2 years. + +Anyway, my relationship crumbled around me and my partner and I can’t seem to communicate anymore. He said that he’s trapped and wants out. I am an emotional wreck and don’t want to lose him but he is firm on his decision.) + +Partner says that he wants $40,000 to buy him out and then he will sign over the deed to me. I have about $10,000 in my checking that I could give him. I could take out a loan from my retirement savings (about $60k). I don’t want to sell the house because it is my absolute dream home, and I always thought I would live there until I couldn’t climb stairs anymore. + +What advice do you have? I feel so lost. Thank you in advance. +My husband has been doing telesales for a winery for about a year now, and he’s at his wits end - he HATES it, to the point where it’s affecting his mental health and our family life. He rarely pulls in more than $1000/paycheck (bi-monthly, net not gross), it’s hourly/commission based, and we live in a HCOL area. I’m the breadwinner, but we can’t make ends meet on my income alone. We have about $1000 in savings. + +His mom and stepdad have owned a company for over 13 years, and they just opened a new storefront after being home-based for years. He really wants to work for them, and hopes it will lead to him owning the company when they’re ready to retire. Another factor is that he wants to have a more flexible schedule once our daughter starts Kindergarten in August so we can pay WAY less for child care (paying $700/month right now for FT). His parents have no employees, it’s just them. + +Does anyone here have experience working for their family? I’m a little concerned because their history has been rocky, but the relationship has improved since our daughter was born. Should he be 1099? Should we draft an employment contract? Has anyone had any great/awful experiences we should consider? + +I appreciate the feedback - thanks all! + +UPDATE: So, my husband put in his two weeks on Thursday, and he’ll be working full-time for his family’s business. Another big factor came up while they were discussing: his mom needs to start chemo. She has something called sarcoidosis ([here’s](https://www.mayoclinic.org/diseases-conditions/sarcoidosis/symptoms-causes/syc-20350358) more on that), and so she’ll be less available. My husband will be learning everything he can to help take over some of her role, and marketing new accounts. I’m happy for him, and proud he can help his family right now. I’m nervous for what stresses might come, but...that’s life. Thanks for all your advice, everyone. Wish us luck! +My husband has been doing telesales for a winery for about a year now, and he’s at his wits end - he HATES it, to the point where it’s affecting his mental health and our family life. He rarely pulls in more than $1000/paycheck (bi-monthly, net not gross), it’s hourly/commission based, and we live in a HCOL area. I’m the breadwinner, but we can’t make ends meet on my income alone. We have about $1000 in savings. + +His mom and stepdad have owned a company for over 13 years, and they just opened a new storefront after being home-based for years. He really wants to work for them, and hopes it will lead to him owning the company when they’re ready to retire. Another factor is that he wants to have a more flexible schedule once our daughter starts Kindergarten in August so we can pay WAY less for child care (paying $700/month right now for FT). His parents have no employees, it’s just them. + +Does anyone here have experience working for their family? I’m a little concerned because their history has been rocky, but the relationship has improved since our daughter was born. Should he be 1099? Should we draft an employment contract? Has anyone had any great/awful experiences we should consider? + +I appreciate the feedback - thanks all! + +UPDATE: So, my husband put in his two weeks on Thursday, and he’ll be working full-time for his family’s business. Another big factor came up while they were discussing: his mom needs to start chemo. She has something called sarcoidosis ([here’s](https://www.mayoclinic.org/diseases-conditions/sarcoidosis/symptoms-causes/syc-20350358) more on that), and so she’ll be less available. My husband will be learning everything he can to help take over some of her role, and marketing new accounts. I’m happy for him, and proud he can help his family right now. I’m nervous for what stresses might come, but...that’s life. Thanks for all your advice, everyone. Wish us luck! +I know just about everyone here has their 6 months rainy day fund. But nobody ever really talks about where they keep it. + +Where do you keep yours to best fight inflation? +I want to have $1 million+ net worth for retirement and I’m trying to figure out if we’re going about it the best way. + +A little background I’m married. I’m 29 my wife is 28 we have a 6 month old and she’s now a stay at home mom due to Covid.We have about $58k in assets $12k of that is in cash the rest is in my pension, her old 401k and some other small investment accounts. We have $68k in student loan debt combined and it’s our only debt. + +Moved in with my mom about 3 months ago to save for a house and we’re saving about $2800/month towards the house purchase.My question is should we be putting some in a Roth IRA as well? I’m already putting 10% away in my pension which isn’t really optional. My income is $76k without any overtime and I get a raise every year... Wasn’t really taught about money growing up so I made a lot of dumb mistakes in my early 20s. + +I have 20 years left in my career. +Hi ETHTRADER! + +I have held quite a reasonable amount of ETH/XRP/SC since 2016 but I have come into a further $6500/£5000 and would like to make a further investment. + +Please can you let me have your thoughts over which coins you would consider investing in either to increase my holdings or diversify my portfolio? + +Thanks +I worry that this sub will become a pissing contest where people will ask for help only to be met with "oh you're not *really* as bad off as you think". + +Perhaps just leave it as, if someone thinks they are in a bad enough state to post here rather than /r/personalfinance that's good enough? I figure the voting will take care of this more or less. No reason to allow comments that tell people they are not poor enough for this sub. +https://www.cnbc.com/2020/03/06/how-much-you-need-to-save-to-earn-100000-a-year-in-interest.html + +Let me save you a click and from having to watch a stupid video to get the information: need a total saved of $3,333,333 by retirement. +So, this might sound silly I know, but I’m not sure why I have this fear of totally fucking up a credit spread I might open that will ultimately result in me having to come up with a ton of cash for a spread that went south. Specifically, I’m talking about a situation where the stock ends above the short contract but below the long contract, effectively forcing me to fulfill my end of the deal. How do you manage such a scenario and does my fear has any basis? Idk why but I just hate dealing with margin and so I stick to a cash account and do only CC and CSP. I feel like I should branch out of those but just can’t get myself to do so. + +Any tips or comments are welcomed. Thank you +I'm long on SPCE and have been selling CCs for a little bit now. Things exploded last week though, IV was pretty high and premiums looked good to me. Sold a 65c for 2/5. + +I'm thinking about picking up more shares at the next dip. +Posted this in the daily discussion thread, but I think it merits a repost on its own: + +I took a pretty big hit today on APHA. I'm not opposed to taking lotto tickets with under 10% of my account, but from now on I'll do so only with long shares. Here are two reasons why: + +1. Most of the price action to the upside seems to happen after hours. If your shares are locked up because you're short a call on the underlying, and you don't have approval for naked calls, you miss the big peaks after hours and in the premarket, which are the best times to take profits. +2. Even if you're long a call (or short a put), the options chains on insanely volatile meme stocks typically don't update until 15 to 20 minutes after market open. If there's a big selloff at the open, which there always is on stocks that have mooned, you'll lose money because you were unable to sell at the opening bell. + +At the opening bell this morning, I was up $1,000. In the premarket, I was up $1,500. Now I'm down $1,500. I tried to take profits at the open and couldn't. + +What I've learned is that you should never try to surf the meme wave with options. **When surfing the meme wave, the very most important thing is your ability to enter and exit the position whenever you like**. Volatile meme stocks gap way up, then tank, then make big moves after hours, then tank again, etc. If you're not able to close your position after hours, you're going to get slammed at the open; and, since options can't be traded after hours, you should never have a short or long options position on a meme stock. + +Moreover, if the meme stock has blown past the open strikes in the options chain, it'll take the market makers a while to get the option chain for the day set up. So you can consider it guaranteed that your meme call or put position won't be closable until 9:45-9:50 in the morning, at which point your meme stock has probably tanked. + +Look at the charts for BANG+Weed stocks over the past month, and notice that the huge moves to the upside almost always come in extended hours, while trading during market hours tends to be flat to down. And then never open an options position on a meme stock again. +Hi, + +I have been looking into selling put/call credit spreads but everytime I try to come up with a trade it looks as if I am risking more than I can gain, usually it looks like this: + +Strike difference: 10$, credit around 250$, so the risk is 10 x 100 - credit, so in this case 750$ max loss and 250$ max gain, the risk/reward always seems off so I don't do it however I think I am missing something since this strategy seems to be popular, so the question is: for what do you look for in credit apreads, what risk/reward? delta? +When I first started selling options, I took profits at 40-50% profit every time. I eventually changed this to where I take profits like this: + +.4 delta CSP - 20-25% + +.3 delta CSP - 50% + +.2 delta CSP - 70-80% + +.2 delta bear call verticals - 40% + +Let ITM CCs expire + +I adjust these according to market sentiment sometimes. Especially if I am within profit potential and the underlying goes against me due to a major news event. I am in no way considering this advice as I am not a pro. + +When do you really take your profits? +Qqq options expire every 2 days out, right. So, the questions is, where can you very safely sell options every 2 days and have a near 100% chance of never getting assigned and make a few bucks. +Wondering if anyone here trades options on futures? I have a background in Nat Gas & am wondering if it might be worth exploring this avenue? Marry my options & futures background... +I use TDA/Tasty/Fidelity for my main brokerages. Each one serves a purpose, and I opened them after switching from RH. + +Beginning of December, I realized I still had like $200 on RH. Made some risky Spy trades thinking I would lose it, and it turned into $1100. + +On December 14th, AMC dropped to like $20-$21, and I always wanted to try a PMCC. I bought a March 2022 $15 call for $1025. It’s worth right around $1700 now and has .91-.92 delta. + +I do not like this company, and I do not like the CEO. I don’t think they have value long term, but couldn’t pass on buying at the lowest price since May, with the chance it randomly blows up for no reason. I want to sell the call, but it has legit gained value every single day that I’ve owned it. + +Would it be better to go ahead and sell the call, or sell weekly covered calls against it hoping I get assigned? + +If covered calls is the way to go, should I stick to the .30 delta rule, or just sell a couple dollars out of the money? +I have been selling Puts on higher priced stocks for about a year with 100% success rate. I target 60-70 days to expiration and strike prices 30-40% below the current stock prices. + +Example - +AMZN Mar 2400p. Sold for 19.50 with 74 DTE with a Delta of -.07. +TSLA Mar 450p. Sold for 5.95 with 66 DTE with a Delta of -.04. + +I usually close them when they have decayed 80-90%. Then start looking for the next down day to repeat. + +I have a reasonably big account and most is invested in buy and hold. I’ve been using this method to generate my monthly living expenses while the paycheck goes into savings. + +What am I not seeing here. Obviously the exposure to complete collapses is pretty high but being protected from a 30% drop feels pretty safe. I have no intention of taking shares and if something very bad were to happen I would close these (not be assigned). + +And of course free money is great until it isn’t. +Hello Gang. + +I started doing wheeling (or rather selling CSPs) TQQQ for an year now. I sell CSPs with 30 DTE with the strike price about 15% lower from the current price. I then roll these religiously every week to collect premium. I don't wait for the 50% profit mark, as most here suggest to do. There were only two instances where i was ITM, which i rolled with adjusted strike price. So, i was never assigned the whole year and hence i didn't have to sell CC. I don't look at the greeks (delta, etc), as they are a little over my head. My portfolio is up about 24% this past year (I started with a portfolio of 175k). My question is am i leaving a lot of money on the table by rolling every week rather than wait until i get 50% profit? If yes, how much better returns can i expect keeping the risk levels about the same. I am trying to find if the returns would be so much better that it is worth to spend the additional time it takes to monitor the profits and trade accordingly. Thanks +I often hear that Lidl / Aldi are much better value for weekly shops, what products in particular are worth going to these shops for. Alternatively are there any products that Sainsburys / Tesco will remain your go to? +I often hear that Lidl / Aldi are much better value for weekly shops, what products in particular are worth going to these shops for. Alternatively are there any products that Sainsburys / Tesco will remain your go to? +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/). +Something doesn't add up! Obviously this is all speculation and nothing of financial advice. Just some patterns I have noticed... It just so happens the the Brokers who receive the most payments from Citadel, Susquehanna (Owns Global Execution Brokers) & Company also suspended trading... ***Please add anything you think valuable in the comments would love to source more links!*** + +First lets start out with who created Payment For Order Flow.... King Ponzi Bernie Madoff + +https://preview.redd.it/tnagv9kjps891.png?width=841&format=png&auto=webp&s=45b876eb18d54d3ef7025d0ceb860b0f4e5a182f + +Here is a video of Bernie Madoff in 2007 at a roundtable. He discusses taking the human element out of trading and potential of using technology to bypass regulations.... + +[Roundtable Discussion With Bernard Madoff - October 20, 2007](https://www.youtube.com/watch?v=ab1NTIlO-FM&t) + +Speaking of removing human element that is exactly was Ken Griffin did at Citadel in 1998 when he hired Boston Consulting Group to also removed the human elements from trading.... + +[ Boy Wonder Article On Ken Griffin](https://preview.redd.it/idhwdwvqps891.png?width=765&format=png&auto=webp&s=201a4b1bd3b54bc7a5df5662259b8c36340a2c23) + +Ive made some connections via Ryan Cohens Tweets.... Boston Consulting Group was running Gamestop Pre Cohen and also Bed, Bath and Beyond.... + +[Oh Ya Its All Coming Together.....](https://preview.redd.it/r0iu8flxws891.png?width=744&format=png&auto=webp&s=37a783d33be22cdd13fdb626168b786252d2391d) + +[See Full Article Here](https://www.institutionalinvestor.com/article/b15134ls4fblx7/boy-wonder) + +**Citadel was also fined by the SEC for using algorithms between 2007 and 2010**: + +*Citadel Securities, the market-making arm of billionaire hedge-fund manager Ken Griffin, has agreed to pay $22.6 million to settle charges that it misled customers about the way it priced trades, the U.S. Securities and Exchange Commission said on Friday.* + +*The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trades on customers’ behalf that gave investors a worse price for their trades, even when Citadel knew better prices existed elsewhere. The SEC penalized Citadel for failing to disclose the use of those algorithms to clients.* + +*“This affected millions of retail orders,” said Stephanie Avakian, the acting director of enforcement at the SEC.* + +*Citadel neither admitted nor denied the findings.* + +**Now lets break down PFOF and the brokers and venues paying for it.....**. + +[ PFOF Broker Revenue In 2021](https://preview.redd.it/qhac0usvps891.png?width=1004&format=png&auto=webp&s=5938a3375a96b7364e1a3277e06894db25e4574e) + +[ Venues Paying Brokers For Order Flow](https://preview.redd.it/wffidtm0qs891.png?width=683&format=png&auto=webp&s=64f7f28517e17ace324455aa9b473de5d5e00734) + +So the top brokers receiving money from Citadel, Susquehanna & Company all suspended trading...... Focus stays on Kenny (Which is should) but Jeff Yass of Susquehanna seems to fly under the radar. Dont forget he was absent from the Gamestop Hearing.... + +[ Yass Absent From GameStop Hearing](https://preview.redd.it/3p49osa3qs891.png?width=917&format=png&auto=webp&s=2be8544920c8d323ed42c4e38e71f53ed522bd8e) + +[Dont Forget Kenny Said Hes Fine Getting Rid Of PFOF Since Its A Cost To Him....](https://youtu.be/ddXMLb3VMis) + +Robinhood suspended trading in the most amount of stocks and I believe was up to 50 (Possible Cellar Box List)? + +[Robinhood Restriction ](https://preview.redd.it/ro8suis8qs891.png?width=767&format=png&auto=webp&s=ba29bbbf520a7eb5a45264dbd6911141840ffd69) + +[ TD Ameritrade & Charles Schwab Are Now Apart Of Same Company](https://preview.redd.it/p57ebwbbqs891.png?width=847&format=png&auto=webp&s=10cf6dd607568a9d994d0c12ebd57504e11c4e42) + +Dont forget that Joe Ricketts was in on the Chelsea bid with Ken Griffin and was the founder of TD Ameritrade.... + +[Chelsea Bid ](https://preview.redd.it/pe63prfeqs891.png?width=921&format=png&auto=webp&s=908811cdf12b7c33f0dbbe8f3ad6c568f9a8cd1c) + +***(Minor Tin Foil)*** We also cannot forget the disaster at the alleged TD Ameritrade storage facility..... + +[Bartlett Warehouse](https://preview.redd.it/ynnt9x2hqs891.png?width=1600&format=png&auto=webp&s=780ace83712d7524bf9fb461f830a0e17b8a1aa3) + +[E\*TRADE Restriction ](https://preview.redd.it/3qm8a1diqs891.png?width=842&format=png&auto=webp&s=e4ecbca9a14b2e1dba25d85bae20b23f32f9c0b8) + +[Webull Restriction ](https://preview.redd.it/bl8mqs2mqs891.png?width=844&format=png&auto=webp&s=ddf23347afeb82026e4ada8cc7633b57ec04037a) + +Apex Clearing also played a role in the suspensions on January 28th 2021 and is owned by Peak 6 Investments (Which is located 0.3 miles from Citadel HQ).... + +[Apex Clearing Suspension ](https://preview.redd.it/a9e7ms7oqs891.png?width=755&format=png&auto=webp&s=84f6868817a81926888fef7dd8a9e9fc7a0c28f6) + +https://preview.redd.it/k9194outqs891.png?width=857&format=png&auto=webp&s=d674785492a05b1027f81871e60d034df2698da0 + +https://preview.redd.it/8cf3kmquqs891.png?width=775&format=png&auto=webp&s=c2071344313ae999058704743ee617dc443a01bc + +I noticed that Citadel, Susquehanna & Peak 6 Investments all have very similar 13F's filled with puts and calls on what would be considered "blue chip" stocks. I have noticed these stocks running in similar algo patterns. See here: + +[ Top 13F Position Moving In Algorithmic Patterns](https://preview.redd.it/fzj82wbwqs891.png?width=1554&format=png&auto=webp&s=878919d595a276f1cddf0f79e4d283f7077780ab) + +[ Large Candles On Them Noticed After Hours.....](https://preview.redd.it/61cimj71rs891.png?width=960&format=png&auto=webp&s=69fc914d0ffb9d36e446fa033a818a8f328cfc66) + +Here are Citadel, Susquehanna & Peak 6 Investments 13F's which look very similar filled with Put & Call options..... Including NVDA, FB, MSFT, NFLX, AAPL, TSLA, AMZN, SPY & QQQ (What's Shown above). + +[Citadel 13F ](https://preview.redd.it/u8z7scv5rs891.png?width=3797&format=png&auto=webp&s=83b808705856c396c398b24433183b425621f110) + +[ Susquehanna International Group 13F](https://preview.redd.it/pvu1kun7rs891.png?width=3760&format=png&auto=webp&s=7a1f13ad7f36c878a1a15e90510109b4fbcfc3c4) + +[Peak 6 Investments 13F](https://preview.redd.it/2trvi5z9rs891.png?width=3757&format=png&auto=webp&s=c76be2a4f78a7b3ce2fa2f131f33c7025bf5f72f) + +Obviously this is all speculation and trying to piece it all together.... But from what it looks like from my perspective is the following...... + +"Its A Big Club And You Aint In It" - George Carlin + +Cant Stop. Wont Stop. GameStop. XXX DRS. Whats An Exit Strategy? I Like The Stock!!! +looking to buy a bike for about £350 i can buy it outright or take financing at £23 a month, what would be the best option or would it not really matter? +10 year low for $T yesterday... + + +This stock has a high yield but we all know what happens when people chase high yields. AT&T’s financials are not the greatest and there is a ton of risk with this stock. + +Rumour is $T is looking to offload some assets to pay off their debt which is never a good sign eg) CNN +I’m a growth investor switching over to dividends. I really like PG and JnJ and MO plus KO. Would it be better to buy those or put the money in an ETF? Thank you! +I'm totally new to dividend investing and really has no idea what makes a good dividend ETF and what makes a good portfolio. +I'd like to have a FI/RE portfolio consisting entirely of dividend ETF. +How many different ETF should I own? +What ETF would you suggest to be in the portfolio? +Is this doable? +I don't know about you, but I am investing for I've been loving this market as a dividend investor. Stable companies with strong balance sheets are being sold off indiscriminately, which is good for value seekers! Just today, I purchased more shares of O, AVGO, and SPG in my Roth to lower my cost basis. I am also watching DOW, ADP, TXN, MMM, V, MA, and AAPL as well to see how low I can buy those. +Im starting a paper on jet fuel hedging using exchange-traded future contracts on crude oil. Im trying to get a better understanding once a airline buys a future contract on crude oil dated for september, what happens in september with the crude oil contract? How does the airline get the jet fuel? +* While Herbalife isn’t dead yet, Pershing Square Bill Ackman’s non-stop 24 hour ‘Herbalife is a scam’ call seems to have dealt the company a blow. + +* Herbalife reported its second consecutive disappointing earnings, with a 4% decline in U.S. business and a 17% reduction in new members. Further analyst downgrades are expected, and regardless of whether Herbalife is really a scam or not, the stock is down + +http://jewishbusinessnews.com/2014/11/05/jim-cramer-bill-ackman-is-having-an-impact-on-herbalife/ + +* **To pressure state and federal regulators to investigate Herbalife, an act that alone could cause its stock to dive, Bill Ackman has helped organize protests, news conferences and letter-writing campaigns in California, Nevada, Connecticut, New York and Illinois** + +* Bill Ackman told his dinner companions that Representative Linda T. Sánchez, Democrat of California, had sent a letter to the Federal Trade Commission the previous day calling for an investigation of the company. + +* Ackman’s efforts illustrate how Washington is increasingly becoming a battleground of Wall Street’s financial titans. **Ackman has persuaded four members of the US Congress, a New York State senator, a City Council member in Boston, The Nevada Senate Majority leader of the and several elected officials in California to join the cause against Herbalife** + +* Herbalife has mobilized its own army of lobbyists to defend itself against Mr. Ackman’s charges. + +* Brent A. Wilkes, the national executive director of the Washington-based League of United Latin American Citizens, or Lulac, rejected any suggestion that he had become Mr. Ackman’s "tool" + +http://www.nytimes.com/2014/03/10/business/staking-1-billion-that-herbalife-will-fail-then-ackman-lobbying-to-bring-it-down.html?gwh=65486B7BD2D2E5052C245537BA0E0A68&gwt=pay&_r=0 + +**Bill Ackman says this is a personal matter** + +* He says that Herbalife is targeting immigrants just like his great grandfather and keeping them from achieving the dream + +* *"Herbalife targets the "financially unsophisticated" and 'lowest income people. I think this company is a criminal operation, I think they are harming people. This is something that angers me. I am going to pursue that. Whatever is required, I intend to do it personally. I will fight Herbalife with my personal fortune. You under-estimate me, I will go the end of the earth to take down Herbalife"* + +https://www.youtube.com/watch?v=NXudzKoaIyI + +https://www.youtube.com/watch?v=KX32XBgzXQ0 +We know GameStop is working with the SEC. We can assume they know how we’ve read into RC’s tweets to pull out dates, and nothing more blatantly than the NFT launch date. We know that so far none of these hype days have done anything more than spread false expectation and lead to lower prices. + +We think the hedgies are shorting specifically on those dates in an effort to demoralise us. I wonder then: is GameStop building hype out of nothing so SEC can witness market manipulation in action, and build a case to let these fuckers burn when they try to crash the economy at America’s expense? + +Smooth brained and probably wrong. But I wonder…🤔 + +Moon soon. 🚀🚀🚀🚀 +Hey everyone, + +My boyfriend and I are planning on getting married sometime this year. We have been together for 6 years and were holding off until I finished school. I was receiving financial aid and if we would have gotten married I would of had to include his income on my FASFA also and I most likely would not have gotten any aid. So now that I'm done, we would like to get marri3d but want to know the financial pros and cons. How will this affect our tax refund? I make about 24k annually and he makes about 29k. I also have a child from a previous relationship. I usually file as single and claim my child and get a good amount back. He usually files as single and gets almost nothing back. Also, how will this affect our health insurance? My daughter has Medicaid and I have a insurance plan that the State helps me pay for because it's expensive and I qualify for assistance. + +We have shared a bank account for 6 years and have never fought about money or anything. Our main concern is, if we get married we aren't sure if we will get as much back during tax time. Also, I'm pretty sure my daughter and I will have to go under his insurance which is expensive. Are there any other financial aspects of marriage we aren't considering? + +Thank you +While patiently waiting for MOASS let me ask this. What will everyone do everyday once they don’t have to waste time going to work anymore because we are all rich. I have been spending a few hours everyday at work for the last two years thinking about how I can’t wait to just go golfing everyday instead of wasting any more time at work. Every bad day at work I feel better knowing soon I will never have to go back. I know golfing every day is about the most basic white dude thing to look forward to when rich but I love it. What will your thing be? +Hello everyone, + +I have just closed on my home and got a mail from my lender asking if I want to enroll in Bi weekly mortgage payment to save on interest. + +Have any of you been doing this, and what is the benefits? Can you ELI5? + +Thank you so much! + +&#x200B; + +Edit: thank you all for the advises! after reading all the comments I decided to just keep paying monthly and will pay $100/month toward principals (my lender offers this option). I appreciate it and hope all a great day! +Source: https://youtu.be/o2ww8L-rnic + +Pre-construction buyers of an estimated 950,000 units across 286 project sites are refusing to pay mortgages on buildings that have stalled construction for more than a year, since Evergrande's collapse. + +This totals an estimated USD $100 billion in bank loans that mortgage holders refuse to pay until the construction is completed. + +Buyers say they have been cast into a lifetime of debt with nothing to show for it, because they are being asked to pay a mortgage on a unit that will never finish construction, while also needing to pay rent for a current residence. + +Surely this liqudity crisis won't effect the rest of the world, right...? + +--- + +Edit: additional sources on "China mortgage boycott" + +https://m.economictimes.com/news/international/business/explained-why-chinas-crumbling-real-estate-sector-has-the-world-on-edge/articleshow/93071962.cms + +https://us.cnn.com/2022/07/22/economy/china-property-loans-extended-mortgage-crisis-intl-hnk/index.html + +https://foreignpolicy.com/2022/07/20/china-mortgage-boycott-real-estate-crisis/ + +https://www.reuters.com/world/china/china-censors-strive-filter-or-erase-details-mortgage-protests-2022-07-20/ + +https://finance.yahoo.com/news/china-mortgage-boycott-capital-plans-045045580.html +https://finance.yahoo.com/news/vietnam-scolds-netflix-apple-lack-121026161.html + +Foreign stream firms, which have combined revenues of nearly one trillion dong ($43.15 million) from one million subscribers, according to the information and communications ministry's calculations, have never paid tax in Vietnam. + +Tech giants are increasingly facing tougher fiscal regimes in Southeast Asia, where regulators held talks last year on a regional push to tax tech giants more. + +The Philippines, Thailand and Indonesia have recently passed or drafted legislation hoping to ensure taxes are paid. +I was reading [an article about income inequality *among the 1%*](http://www.bloombergview.com/articles/2015-09-10/the-top-0-01-another-wealth-gap-matters-more) and came across this tidbit: + +> Since the start of the new millennium, less of the money in the economy has gone to those who work, and more has gone to investors who see their assets appreciate in value and who receive passive income streams from those assets. + +Even if you are motivated to FI/RE for personal philosophical reasons, or if you are on the fence about pursuing FI/RE, consider this. The economic rewards for labor are decreasing and the economic rewards for owning capital assets are increasing. It is making less and less sense to work for a living. + +Furthermore, [there is evidence that *land ownership* near high value locations is gaining value faster than other types of capital](http://www.bloombergview.com/articles/2015-09-09/the-threat-coming-by-land). + +> According to Matt Rognlie, an economics Ph.D. student at the Massachusetts Institute of Technology, it is land, not corporate capital, that has been responsible for the lion’s share of the increase in capital's share of income. + +To do list: Use as much money as you can to buy assets. Intelligently invest in land. Quit your job. Profit. +I'm 17 years old and have a part time job as a chef and buss boy. I get paid $11 a hour monthly and tips (which are usually between $70-90) bi weekly. I mainly work weekends (Friday-Sunday) except for summer break were I work 6 days a week. + +Since my first pay check my mom has been worried that I have been receiving to much money for my age and that it will negatively impact things such as my health insurance, scholarships, and financial aid for college. After seeing my tax returns, my mom now believes that I need to find another job. + +Should I actually be worried? Could I simply ask my employer to lower my hours? Because I like think my current job is pretty good. + +Also, I was thinking of picking up another job that starts at $10 on weekdays from 3-5. Would that be a bad idea with my current situation? + +EDIT: +Thanks for all the advice! Il convince my mom that my income will barely affect us and Il keep my job. I really needed some outside perspective for this one since my mom is usually the go to person for questions like these. + +EDIT: +The 2nd job is only an extra 6 hours a week and it has to do with what I want to study. So I'm not worried about the extra work since it will benefit me in the future. + +EDIT: +A lot of people have gotten this impression that me and or my mom are greedy and just want to take from the less fortunate, sorry if I came across that way. I was always taught to grab every opportunity for financial aid, and in general, that I can. + + +Edit 3: The last frontier. $800K in loss porn: [https://www.reddit.com/user/irishdud1/comments/mu7e3e/i\_spent\_2\_lambos\_worth\_on\_april\_800\_gme\_calls\_and/](https://www.reddit.com/user/irishdud1/comments/mu7e3e/i_spent_2_lambos_worth_on_april_800_gme_calls_and/) + +Edit2: April 6th — dumped most of these pumped more into July 800s. Loss porn to follow on 4/16 for these brave $800 call soldiers. + +edit: I'm told there's like a 0.51% chance this could still print. + +There's like a 6% chance this works out still. + +**NEVER TELL ME THE ODDS!** + +[I wonder if I'll get one of those 'you lost a lot of money last month' letters...](https://preview.redd.it/ku06jys05iq61.jpg?width=750&format=pjpg&auto=webp&s=2e896f0a2fc845a7cb2383e6e53eccafbc69a21f) + +Edit: adding one of my comments to the post because squeeze not squoze: + +**We'll see how many 'shares' are owned by 13F as of the 3/31 cutoff date on 5/15 when 13F must be filed. The shorts have 45 days and counting before all hell breaks loose.** + +Why? + +Because 'the shorts have closed.' So they say. However, as of 12/31/2020 (per Fintel), Insiders + 13F filers owned 97M of the 70M shares that exist in the world. So statically we can prove a minimum of 27M shares were shorted as of 12/31 without any concern for Finra disclosure 'mistakes'. At that time, it was widely accepted that there were about 100M shares shorted -- 140% of all the shares that exist (nevermind the float!). So FINRA showed 4x the number of shorted shares than we can deduce from the 13F filings (as of 12/31) + +For 3/31, if the 13F filers show that collectively still own about the same number of shares -- 97M or so o the the 70M shares that actually exist -- **shorts r fuk**. Because it means they didn't cover a damn thing. + +If anything, retail owns FAR more shares now (3/31) than they did 12/31 -- 3 weeks before GME caught main stream, world wide attention. We've seen HODLers from Europe, NZ, all over. The January RobinHood freeze was the rallying cry for the world. **9% of US adults bought at least 1 share of GME during January.** They all bought. Many held. They didn't sell at $40, why would they have sold now at $190? + +I'm putting **(my own personal)** clock on this. 45 days and counting. I like being right. Getting paid is just gravy. +Hello everyone, and especially hello to anyone browsing the sub with the stress of problem debts weighing on their mind this bank holiday. + +In just under a couple of hours, [The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020](https://www.legislation.gov.uk/uksi/2020/1311/contents/made) will mostly come into force in England and Wales, which creates a new scheme to give those weighed down by problem - perhaps not unsustainable, but serious - debts, a little bit of time to get their headspace better and to be put in touch with debt advice providers. + +There are two types of breathing space - a normal breathing space which gives a 60 day moratorium, and a mental health breathing space, which is for those suffering a mental health crisis that has involved the operation of the Mental Health Act 1983, or "is receiving any other crisis, emergency or acute care or treatment in hospital or in the community from a specialist mental health service in relation to a mental disorder of a serious nature", where you get a moratorium for as long as the treatment is provided, plus another 30 days. + +You can't get one directly though - it has to be via an entity regulated by the FCA to give debt advice, so, for instance, Stepchange. + +You, or, in the case of a mental health moratorium, various people (a long list, which includes your carer, social worker, mental health practitioner, IMHA), make an application to that debt advice provider, and they will decide whether it's suitable for you. + +The effect of a moratorium is threefold: + +* **no action at all to pursue the debt** - that includes no court proceedings, no evictions and most importantly for a lot of debtors, **no contact** (except where required by the Consumer Credit Act 1974 or FCA rules) - except by the order of the court +* **no interest, fees or charges** can arise during the moratorium in respect of qualifying debts +* limitation periods and deadlines get extended by 8 weeks after the end + +Most debts will qualify - including tax debts and most council tax debts and rent - and even sole trader debts if you aren't VAT registered. The usual suspect debts won't (criminal fines, debts incurred by fraud, liabilities from you causing death or personal injury, UC overpayments, student loans, family proceedings obligations etc.). + +No fees can be charged in respect of any breathing space application. + +Some more information here: https://www.gov.uk/government/publications/debt-respite-scheme-breathing-space-guidance/debt-respite-scheme-breathing-space-guidance-for-creditors + +So, for anyone reading tonight who is worried about creeping debts - talk to Stepchange or another regulated debt advice provider tomorrow. +First, I would just like to say congrats to Poloniex for providing an ETH/BTC since the very beginning. You guys have been believers from the start and I hope you guys are cleaning up with your (relatively high) fees right now, you guys truly deserve it. +Furthermore your site's relatively good up-time is setting a new standard for a crypto exchange site. + +Second, I'd like to say What The FUCK larger exchanges?! +Where are you all? +[RECDAO](/r/recdao) is an effort to develop Ethereum based tools for improving how we use Reddit. One of those tools, the [RECDAO Curator](https://www.reddit.com/r/ethtrader/comments/89o4ju/recdao_curator_explained/), has been in experimental operation on r/ethtrader for the past few weeks. It's purpose is to explore the use of prediction markets to curate content as inspired by a [post by Vitalik on ethresear.ch](https://ethresear.ch/t/prediction-markets-for-content-curation-daos/1312). + +There ~~is~~ was a bot, u/rec_curator, which had the job of notifying posts that had received a stake, either in support or rejection, and warning that the post would be removed if it stayed in the rejected state after 1 hour. This bot turned out to not be too popular in delivering it's (usually interpreted as bad) news. In it's short life it garnered -79 comment karma. It has since received a shadow ban from Reddit admins after being reported. Since Reddit is a centralised service, and this eventuality was possible, it was at some point also inevitable. The shadow ban makes it impossible for that bot to do it's job as currently developed (it cannot use the api to edit it's own posts) and any other bot that it's replaced with is likely to eventually face the same fate. The curator service could still operate in the same way (remove a post with a rejection stake after 1 hour) but without the warning message it would be less transparent and harder to challenge that rejection stake. + +The prediction market based curation is, of course, an experiment so I thought, at this hurdle, it would be worth pausing to **solicit feedback from the community**. + +The following are my own notes at this point: + +* relying on Reddit voting alone, especially at the initial stages of a post, is insufficient and too easy to manipulate +* relying on volunteer Moderators alone, to arbitrate on what is and is not spam leaves a centralisation risk open that could be elegantly addressed using a decentralised system +* in the past two weeks I have "gotten it wrong" on a number of occasions - staked against content that, after staking, realised the community would have appreciated (the content subsquently received upvotes and replies). it's quite possible that prior to the curator system that content would have been marked as spam and disappeared (all mod actions are [public](https://www.reddit.com/r/ethtrader/wiki/tools#wiki_public_moderator_logs) but I'd argue that the curator warning is more transparent). +* there are certainly tweaks to make but at it's core the prediction market curator is a valuable experiment and worth continuing +If you were holding eth on Polo pre hf, EVEN IN MARGIN, you now have an equal balance of ETC on Polo which you can SELL. This is literally free money. What the actual fuck? You are retarded if you think ANYONE will keep this propped up. It is going to zero and will stay there. +Markets up 10% today and the whole financial world is acting as if the crisis has been solved. 24 hour news cycles will really do that to you. Don’t forget what is happening. Our President is going out telling everyone that we’ll be up and running in 2 weeks, no doubt propping the market up (ahead of a relief bill - that surely will be disappointing). The drag this crisis has had on the economy and consumer and will have going forward is substantial. Governors are speaking out telling Trump to shut up and help. Cases are still growing exponentially. We have not flattened the curve. Our public health system is not set up for this type of disaster. Trump is trying to choose economy over lives and will soon realize it’s not his choice to make. + +SPY 200 / 210 / 220 / 230 Puts starting 4/3 bi-weekly through end of May. Might keep going after any other pump from the passing of this bill +Since a lot of new people coming here. + +ROBINHOOD IS NOT SELLING YOU REAL COINS AND TOKENS! + +It is an IOU and they will most probably not process your orders, because they will not have buyers and don’t wanna be stuck with bags of DOGE when they drop 50%+ + +Do not take this as financial advice but rather a hint to research how the technology of crypto differs from shares/stocks. +I opened FB Shop and Swap today and someone posted the above asking if anyone can help her out. According to her story she actually didn’t end up spending the money on the one McD meal anyway, instead choosing to help out a homeless lady that was camped out near the restaurant. That’s not the real issue though. + +The real issue is, if you only have $9, McDonalds is the last place you should be going to get food. McDonalds is not cheap. Fast Food is not inexpensive food. I bring this up because when I was a kid and teen I learned from my family that McDonalds is cheap dinner and where to go when you don’t have much money. My father is in his late 60s and still eats McD’s because he is really poor and thinks he is saving money by doing it. I was in my mid 20s before I realized just how much money I was wasting each month by eating fast food. + +No fast food is inexpensive!!! It’s just less expensive than eating at other restaurants, but it’s still expensive + +In the above FB case, this person would have been way better off heading to the grocery store just a block away and buying rice (2 lbs $1.78), 2 cans of black beans ($1.98), and 1 lb hamburger (2.88). Total $6.44 + tax. That was just a quick search, I’m sure better deals are out there. + +TLDR Eating fast food is NOT a good way to save money when struggling financially +This is it. We have all seen their marketing campaign. They are cashing in on the hype around the MOASS. Toady I saw someone posted a listing for the game "Millionaire" on sale. + +They know what they are doing. + +They know that if they hype something that isn't a sure thing, there is a good chance it will ruin their reputation in the eyes of their most valued customers. + +They want our continued business long term. + +They are comfortable in this position. +In the last 17 days since Million Token launched, here are what we have accomplished from recent to last: + +· BSC network integration (bridged) ☑️ + +· Tradeable in PancakeSwap (Volume up over 1M in just an hour of trading) ☑️ + +· LBank exchange listing (own listing) ☑️ + +· Gate.io exchange listing (own listing) ☑️ + +· TOMO chain offered TL a collaboration ☑️ + +. TosDis project offered collaboration ☑️ + +· PinkFinance offered collaboration ☑️ + +· Featured at Pressat.co.uk article press release ☑️ + +· Feature at Invezz.com news ☑️ + +· Acknowledged by fellow Youtubers ☑️ + +· Listed at CoinGecko and CoinMarketCap ☑️ + +· Still LOWEST Whale whale concentration in top 10 Wallets, especially compared to SHIB/DOGE. ☑️ + +· TL releasing MM related videos every other day since launched. ☑️ + +· MM token tracked by ZAPPER ☑️ + +· Growing marketing, design, admin and mods teams. ☑️ + +· MM token holders exponential growth to 12,853 holders ☑️ + +· Discord is now 8,234 members. ☑️ + +· Top 1 gainer in Uniswap for 5 consecutive days ☑️ + +· Top 5 volume in Uniswap during the run up to ATH. ☑️ + +· Reached 23,200% ATH ☑️ + +· Subdued FUD from DCF_GOD and Cointelegraph (Q&A video by TL) ☑️ + +There’s a lot more to come will you join us on the biggest crypto moon shot of 2021 ? 🦁🚀 + +"Store of Value" with only 1 million supply + +0 inflation + +homogeneous token distribution + +only 100m market cap now +GOOD PRICE POTENTIAL 🚀 + +Protected by Ethereum ⚠️ +when ethereum 2.0 comes MillionToken will be a PoS "Proof of Stake" so it will be + +Green 🍃 +Fast ⚡️ +Cheap 😎 + +better than bitcoin as a "store of value" + +[Website](MillionToken.org) + +[Dextools (USDC/MM)](https://www.dextools.io/app/uniswap/pair-explorer/0x84383fb05f610222430f69727aa638f8fdbf5cc1) + +[Dextools (WBNB/MM)](https://www.dextools.io/app/pancakeswap/pair-explorer/0x7cb5e7048215f7c225a8248b4c33fd32ca579c75) + +[Discord](https://discord.gg/milliontoken) +Recently i got some odd mail. + +A denial from allstate for insurance, when i never applied for insurance through them. I dont even have a car right now. And this wasnt a "thanks for your interest" it was "we checked you out and we dont like what we saw" type deal. + +I also received in the same time a denial from spectrum for a slight misspelling of my sister (who is a minor)'s name. Her name is xyz last name and this one was like xyab last name. + +I also got some mail from victorias secret addressed to myfirstname b. Mylastname even though my middle initial is an m. I dont ever shop at vs nor do i want to. + +All of this seems rather odd and i wonder how much i should worry. It seems like someone is applying for insurance under my name, but then the mail is still going to my house? How would that benefit them? What could this be? Does anyone have any advice? Ive been monitoring credit karma and dont see any new lines opened or money spent. I plan on calling each company to report the weirdness. +As many are aware, the infamous faketoshi scammer Craig Wright has been on a campaign to use harassment, intimidation, barratry, and fraud to attempt to steal some 1.1M coins that belong to Satoshi and others. + +In furtherance of this scheme his company just published code for directing the seizure of third party coins in the BSV blockchain. BSV is a scammy bitcoin knockoff that is proprietary software controlled exclusive by Wright and his agents. Users of BSV are only permitted to run the software he approves so they're able to foist their coin stealing code onto their users which would be impossible for legitimate cryptocurrencies. + +Because of this I believe any user of the BSV altcoin is in serious risk of exposure to network consensus instability or outright having their assets frozen or stolen out from under them. + +This would be of no direct relevance to Bitcoin users except some Bitcoin exchanges support BSV and so far whenever an exchange has gone insolvent they've pooled assets from all users in the bankruptcy. This means that if an exchange becomes insolvent due to Wright stealing or freezing BSV out from under it users Bitcoin balances may be used to make BSV customers whole. + +While it's never a good idea to leave Bitcoins you aren't actively trading on exchange I'd strongly recommend getting your funds off the following exchanges ASAP (non-exhaustive list): + +* Robinhood +* Bitfinex +* Bittrex +* Hitbtc +* Huobi Global +* Kucoin +* Bithumb +* Gate.io +* Poloniex +* CoinW +* Indoex +* OKX +* CoinDCX +* Pionex +* Upbit +* Bibox +* Bkex +* Yobit +* Deepcoin +* Mexo Exchange +* Wazirx +* CoinEx + +This shouldn't be news to these exchanges as it's been known for some time that this was coming: https://twitter.com/Arthur_van_Pelt/status/1577647343595315201 + +Here is the BSV official explainer video on their coin confiscation process: https://www.youtube.com/watch?v=s-thMjd7pKc + +Of course, since the BSV ecosystem has been engaging in non-stop harassment of Bitcoiners including multibillion dollar lawsuits against Bitcoin developers and non-BSV supporting exchanges it's probably prudent to not to business with exchanges still supporting this ecosystem to begin with, if you care about the value of your Bitcoins'. If an exchange will support this scam just to make a bit of extra money-- what else might they do? +Broke college student here, about to go home for the summer in two weeks. My mother relapsed on meth after 8 years sober and the family has fallen apart and now I don’t really have much financial support at all. The car I used to drive at home was repoed because my mom stopped paying for it. I have no father present, and no wealthy family members I can run to for help. I need some form of transportation for the summer to get to work, whether it be a rental car, buying a piece of junk or something else entirely. What would probably be my most feasible option? Any advice would be appreciated +Inflation is up again this month as the rate of Consumer Prices Index inflation rose to 11.1 per cent in October, from 10.1 per cent in September, the Office for National Statistics said this morning. + +It marks the highest level of inflation since January 1982. + +City and Bank of England economists had forecast that the latest data would show inflation jumping to 10.7 per cent, from 10.1 per cent in September, so today’s number is higher than anticipated. + +The sharp rise comes after the hike in the energy price cap in October as a result of sky-high wholesale prices amid Russia’s war on Ukraine. + +https://www.cityam.com/breaking-jaws-drop-as-uk-inflation-hits-highest-figure-in-40-years-at-11-1-per-cent/ +About 2 years ago my father-in-law, now 78 years old, moved in with us. Recently I discovered that he had used his debit card to purchase headphones from a 'CVS email' which forwarded him to some scam website that charged him 7.99 for the headphones, a 79.99 membership fee and a $125 gift card to use anywhere on their website. I called his bank, explained the situation, cancelled the debit card and disputed those charges. + +Just yesterday my wife heard him on the phone with someone giving his address and birthdate and when asked who it was, he said 'someone trying to sell my life insurance' + +We explained that he cannot be giving away his information at random to ppl on the phone. I am thinking about putting a freeze on his credit so no one can open any new credit in his name. Has anyone experienced this? Any advice? +I have to admit, seeing people joke around and take the crash lightheartedly is something I haven't seen for months. + +People get so serious in here and hostile. Now it looks like we're all anticipating a further crash, but cracking jokes along the way. + +I think I'm starting to like it here again :) +Recently I have changed my portfolio from 50% btc to 50% ETH due to a major ETH supply shock I see coming. + +Tokenomics: (13Dec 2021) +* Total supply of ETH: 118M +- Locked for ETH 2.0: 7.7M +- ETH Locked in Defi: 8.2M +- ETH Liquidity on all cex: 17.5M + +Subtracting all the unavailable eth from the total available ETH leaves us with 84.6M. + +One could argue that from the 84.6M a big portion is with big whales (e.g. Raoul Pal, Vitalik himself and many other prominent players), whom most likely are not going to sell their ETH on Short- Mid term. + +With above known data and the rapid growth of new ETH wallet address, there will be not much ETH left for our new retail and institutional investors. + +With the merge of POW and POS, we have some blocks that are in fact deflationary! +At the current network usage ETH will be 4-5% deflationary once the whole POS has been rolled out. + +Tokenomics will stay the same for the biggest smart contract network. +NFTs are becoming extremely popular lately, with huge companies like Pepsi, Adidas entering the NFT space, most of them will choose the ETH network to launch on. Which will create another huge demand and might eventually help to increase the deflationary rate. + +I feel a $10,000 ETH on Mid term is very likely. +I feel a $50,000 ETH on Long term (5Y) is very likely. + +What are your thoughts? +I noticed that there was a lot of buzz about the Ethereum price surge recently, only to get followed by a hard tanking. I'm not worried about it, though. There's lots of interest in this thing from really powerful investor groups now and they'll probably see this dip as the perfect opportunity to buy in. If It goes in the 25 range, I'll probably buy a hundred more to add to the 200+ that I have already. + +In addition, I was also intrigued by the fact that the tech community, the smart guys, seemed *really* excited by this and seem more interested in creating a great product rather than just getting rich. That, my friends, is how you succeed and get rich. Those guys do not look like they're putting the horse before the cart. + +Just to be clear, I'm a layperson on this so I'm kinda just flinging gum at a wall here. But remember, my presence here means that there are other laypeople who are interested in buying in, and soon. Just some food for thought/optimism! :-) + +Edit: Spleling +I don't think the crypto market is anywhere near the peak and I feel that it's possible that a crash in the future may land on a floor higher than where we are now, so keep that in mind. + +With that said there probably will be a crash if this moves too far up, for example if the entire crypto space hit $100 billion in the next month. + +If it does crash ask yourself this: do you believe in what you've invested into? + +If you believe in the fundamentals of your investment then keep on buying, dollar cost average and keep increasing your holdings. + +Or even more importantly get involved, build a DAPP, write a blog, contribute in some way. + +You'll find a lot of people loss faith in a crash, maybe that's because they never really believed in what we're doing here and just saw some easy money. + +Forget those people. + +I'm here because I believe in this technology. + +And I am not just talking about Ethereum and ERC20 tokens, I hold other coins too that I believe have good fundamentals. + +(I'm not pumping my book here so don't ask me what they are.) + +If you had good reason to invest and the fundamentals have not changed, then why stop believing, even after a crash? + +------------ + +Remember moon friends, even if a $100 billion market crashes 50%, you're still at a profit compared to today. + +---------------- + +Does anyone here have some more post crash advice they would like to share or perhaps share the reason why you're here? + +If you do post below, I want to hear it! +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! + +If kraken is going so well why do they need to do a funding round? Maybe cash strapped? + +I got this email today: + + +We have partnered with Bnk to the Future to create a rare, but limited opportunity for both large and small investors to own shares of Kraken stock. On May 20th, Bnk to the Future will offer preferred shares of Kraken stock to registered users on their platform. Preferred shares of Kraken stock can be purchased until June 20th, with a minimum investment of only $1,000. + +Interested clients should register an account (If you do not have one already) with Bnk to the Future at https://bnktothefuture.com. If you already have an account with Bnk to the Future, please visit the offering page at: https://bnktothefuture.com/pitches/kraken/landing. Once registered, the Bnk to the Future platform will guide you through the investment process, including steps for compliance verification and accreditation. Any questions on the registration process can be answered at https://bnktothefuture.com/support. + +We will continue to look for ways to democratize access to our equity, allowing more of our valued clients to become valued investors. + +Thank you for choosing Kraken, the most trusted and secure digital asset exchange. + +The Kraken Team +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I am a 23/f who has had to purchase nearly everything in her life after middle school. Car, sports fees, clothes, toiletries, and on to rent, college tuition, EVERYTHING. This made me so financially conscious I felt incredibly guilt spending additional money towards non-financial goals (i.e. retirement, emergency savings, and student debt). + +I discovered all this "financial responsibility" made me miss out a lot on life. I had some "treats" such as coffee or going out for a beer, but would say no to nearly all traveling or entertainment or experience purchases over $40. I just obsessively tracked all my dollars and I had extra, I'd put it towards a financial goal. + +Except for one year ago, I decided to save in a bank outside my checkings and I picked a bank that let you have multiple savings that you could title and set up goals. I already put away about $175 each paycheck towards emergency savings (already have about $5k here), $400-$700 towards student loan debt, and $600+ a month towards retirement. I decided to put another savings account titled, "Fun Bucket Savings" and put about $67 a paycheck in there, with an opening balance of $300. + +This year I read all my memos from my withdrawal and I must say, each of those experiences were highlights of my year and before this year, I would have justified not going. This year, I had gone on a 3 day cruise to the Bahamas ($382), a concert for one of my favorite bands ($117), two musical festivals($202 and $287), and a flight/trip across the US($385)! I stayed with friends and family so it was fairly cheap. Since I also budgeting each paycheck, I didn't find any significant spending increases month over month. + +Sometimes a unintended consequence of financial planning is we forget to live or we forget to budget for the things we like or we feel guilty about it. If you can put aside $20 a paycheck, $100, or whatever, in a savings account just dedicated to having fun, you lose the guilt of any "big purchases" and you don't forget to live. Even if you may pay off your debt in 4 years versus 3.5, if each of your 4 years gives you more experience than the waiting 3.5 years to "finally enjoy yourself", I encourage you to have financial courage to budget some money for you to just have fun! + +Sorry if this isn't news to anyone or if you don't feel like you have a budget for this at the moment or if I'm too young to know better, but this has been personally the best financial decision I've ever made. + +EDIT: I use CapitalOne 360 Savings. It's 0.75% interest with I believe up to 25 bucketed saving accounts. + +TL:DR: The Best Financial Decision I Ever Made - Opened a Fun Bucket Savings account so I remembered to have fun and not feel guilty about it +I just recieved my bonus, With the current guaranteed rate of %7.12 in wondering if series I bonds are the better investment right now compared to say, an s&p 500 ETF. I don't know much about series I bonds so I may be missing something that would make an S&P investment better. Any input is appreciated. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hey Pals, + +I am 22, net about 45k yearly, have no debt and no real month to month expenses (live with my parents), currently sitting on about 10k and looking to invest in some property, is it a decent idea taking out a mortgage to buy an investment property at this age? + +Edit : Holy shit, went to bed and woke up with a ton of comments, thank you everyone for the advice!! The House Hack duplex idea seems like a great idea, will definitely look into this! +How many people abide by this philosophy? I see quite a few people sell off their stock once it reaches a certain point to get their initial investment back and let the profit ride. If you do, how much is your typical initial investment? I like the idea of playing with house money once I reach a certain point. Thanks for the input! +I was recently chatting to a mate about shares and his first reaction was a scared look on his face and said ' Nah I do not want to gamble '. + +Firstly I am curious as to why people assume that it is gambling, I understand there are single stocks that people speculate on and could be seen as a form of gambling but I am confused as to why that is peoples first reaction. Does anyone have any insight into this? + +&#x200B; + +I was also curious as to how to get him interested or rather give him a foundational education on how the stock market works? Could I just recommend a book like 'Barefoot investor' or 'rich dad poor dad'? + +I just want to add that he is also interested in this, I am not pushing it but it shocked me when he mentioned 'gambling'. +I had to bring my wife to the ER last night. Her situation required her to stay the night to have a surgical procedure this morning. The procedure went well and she is recovering now. She has a high deductible health plan that is $3,500 and she is required to pay 30% of charges after that. I have no idea what this will cost. This is the first time we have had an emergency situation. What are our options as we don't have the cash now to cover the deductible? Do I have to pay before we can leave? Should I have told the hospital that she doesnt have insurance (hers insurance seems bad) to get a cash price? I'm on mobile so sorry if this is a wall. Thank you + +Update -- + +Thank you everyone for the advice and reassuring words. They were much needed after the craziness of the last few hours. My wife is recovering well and we should be discharged this afternoon. I will definitely contact the hospital's billing department when we receive the bill to see what arrangements can be made. +In the trading books, they just show us that there are 4 price stages. They make it look simple to see that you should always put your trades during markup. But in reality, it's really hard to spot if the price is on which stage it is. + +&#x200B; + +https://preview.redd.it/1hm1u7m3t6i51.png?width=608&format=png&auto=webp&s=aa5a2c09dc38e3100a13e1c2688a019df3933003 + +What made it simple for me is the 30-MA indicator. I use 30-MA on a weekly/daily chart to check which stage the current price is on (Got this strategy from Stan Weinstein's book) [See strategy](https://mindtoinvest.com/2020/07/11/stock-tips-stan-weinsteins-secrets-for-profiting-in-bull-and-bear-markets/) + +https://preview.redd.it/1v93vtq5q6i51.png?width=571&format=png&auto=webp&s=2bce7e1a28ef825bbc96128bdc2a00f676f33259 + +Basically, to check if the price is accumulating and waiting for breakout (Stage 1 to Stage 2) + +\- In a sideways movement, the price should be above and creating a gap (upward movement) from the 30-MA line. + +To check if the price is on the distribution and waiting for breakdown (Stage 3 to Stage 4) + +\- In a sideways movement, price should be below and also creating a gap (downwards movement) from the 30-MA line + +Hope this helps. What are your thoughts on this as well? +This is my biggest downfall as a trader and I don't know how to stop doing it. For example, today I was holding a NVDA put and I sold for a +$300 gain, 30 minutes later it would've been $600+ gain. I'm still new to options and I don't like holding overnight but I keep thinking "well, what if I held and that $300 could've been $700 by morning?" even though it's possible to lose those gains by morning too. + +At the end of the day after selling my couple losses I still came out to +$242 but I keep beating myself up that I could've made more if played this or that better. This has definitely bit me in the ass before too. I need to stop being greedy. +I’ve research the Wheel Strategy inside and out. Seems too good to be true. Sell Puts at the bottom of the range, sell Calls at the top of the range, roll-out to manage breakouts, bag hold with a low cost basis, etc. If it’s this easy, how come more investors don’t do this strategy and/or talk about it? What’s your experience if any with this strategy? Thx +I was pondering this the other day and thought it would be a fun thought exercise to share. + +Assume you hit your number, whatever that may be, and for sake of argument, you do not choose to continue working and you cannot elect to continue padding your stash. This doesn't necessarily need to be your actual FIRE plan (it isn't mine), but it was fun to think about. + +Scenario: You decide to work one more year, halt your savings and instead purchase fun/exciting experiences and/or materials that you may have deferred or gone without. These can be one time purchases (e.g. a vacation), or things that you will bring into retirement (e.g. a new boat). + +1) How much would you be able to spend? (Phrased differently, how much are you currently saving towards retirement) + +2) What discretionary purchases would you make? + +3) What experiences would you purchase? + +------ + +My answers for those curious + +1) Between 401k, IRA, taxable account and savings, I've been squirreling away about $70-75k a year (55% gross, 70% net SR) over the last few years. + +2) As for purchases... ($70k budget) + +- Mazda CX-3, 1-2 years old, ~$17k +- Porsche Boxster S, early 2000's, ~$8k (why not? :P) +- Telescope/mount/camera set up to pursue astrophotography ~$5k +- New Laptops (4) for family ~$4k +- New Bikes (4) for family ~$4k +- Kayaks and car racks ~$3k +- Camping/Hiking equipment ~$2k +- More equipment for homebrewing ~$2k +- New Golf Clubs ~$1k + +3) Experiences + +- 14 Day Family Trip to Europe ~$10k (churn/AirBnB to bring costs down) +- 14 Day Alaskan cruise for me/SO ~$4k +- Donations to favorite charities ~$10k + +*** As an aside, I do plan to purchase/enjoy many of these things before retirement, at the moment I am 8-13 years away depending on life/market conditions. + +Is there some sort of rule preventing this? On a pure US tax basis, companies that use excess cash to buy back shares instead of pay dividends are strictly better for the shareholders. + +The shareholders can decide when they sell and take the hit. Also in the past dividend tax rates have been higher than long term capital gains (now they are the same). + +Shareholders that want the steady cash can sell a small portion of stock and maintain their percentage. +AMA is now closed. Thank you to all the questions asked and answered. If you are a member of the media and still have more questions, please email press@blomburg.com we will have another AMA soon for those who still have more questions. +## TLDR; + +* A lot of everyday investors make investment decisions without understanding what they’re really investing in. Most people speculate, don't be most people. +* Investing is an informed decision on the basis that your shares (or any other asset) will one day earn more money, and therefore be worth more, than what you paid for it; Not the other way around. +* Invest like a landlord. If you choose to invest in a company, you should follow earnings of your shares as if you were a landlord collecting rent, quarter by quarter I recommend using owner’s earnings. After all, they are your earnings. +* Investing in individual companies is well worth it as long as you adopt the right mindset. The earnings automatically come to you, you have extremely capable and smart people literally making money for you, and you are taxed less than your income! + +## Investment guidance is fragmented and confusing + +The investing space is highly fragmented, filled with a dubious amount of noise & misinformation, and can be downright confusing. But investing at its core is straightforward. With the proper knowledge and framework, you can accumulate a lifetime of wealth. The information below is basic but important to understand. Many of you already know this, but a few don't and could benefit from it. + +## What is investing? + +Investing is the act of foregoing a dollar today to get more dollars tomorrow... plain and simple. It is an informed decision, based on logic and facts, on the premise that the asset you're investing in will produce valuable goods and services that will one day exceed what you paid for to acquire the asset. This applies to all sorts of investments — stocks, property, bonds, a cornfield, etc. Regardless of the asset, investing remains the same throughout. In the context of stocks, this is reflected in their earnings, i.e. how much will company earn for the duration of your investment. + +## What investing is not + +Investing is not buying an asset in hopes that someone else will buy it for more than you paid for. In the context of stocks, investing has nothing to do with how much the price of a stock has gone up or down and trying to sell at it's peak. Banking on someone more [foolish](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiVroao_K3yAhVb7nMBHUtJAmEQFnoECBEQAQ&url=https%3A%2F%2Fwww.investopedia.com%2Fterms%2Fg%2Fgreaterfooltheory.asp&usg=AOvVaw1LHhubcsWAa0-XwEi5S6MT) to buy subpar and unproductive assets from you is speculative and unsustainable. This is gambling not investing — a recipe for disaster. + +Likewise, statements such as “the US government is pushing for clean energy initiatives and therefore, Tesla stock will be going up" or "Amazon reported sales growth of 40% so the stock is a buy" are worthless. This is wishful thinking and is lazy. Companies make money because they produce goods and services people are willing to pay for and have structural advantages that make them preferable to their competitors and therefore earn more. + +Investing in a stock is not buying a piece of paper hoping the sucker goes up nor is it some form of wishful thinking. Most people think like this and lose money. Don't be most people. + +## Become a landlord + +To become a good investor, you must think like a landlord. What I mean by this is just like a landlord keeps track and collects his rent every month, you must track and total the earnings of your shares. Understand where they come from and ignore how much your shares have gone up or down. When the value of your property falls 10%, you don’t sell it. You look at your rents and whether or not your rents has also been negatively affected. The same applies for stocks. + +And the best part? You don’t have to do any work such as maintaining, marketing and, selling your property as long as you do proper research. Your earnings are reported automatically, you don’t have to collect them, or worry if people pay late. Why would you not invest if every time Apple sold an iPhone, a percentage of that money goes to you?! + +*A few of you might think that you should just track dividends because dividends are what you're receiving. This is misguided. You must track the totality of earnings as some earnings will be retained to reinvest in the business and grow future earnings. This figure is known as owner's earnings and can be calculated relatively easily. More on this next time.* + +## Many people speculate, few invest + +Investing is pretty simple to understand, but difficult to execute. The first step to becoming a good investor is to start thinking like one and stop speculating all together. Statistically and anecdotally speaking, most retail investors fall into the speculative camp. This, by the way, extends to "long-term investors" who, in their best intentions, invest in companies in industries they believe to be the "future" but aren't able to pinpoint the earnings and returns of the companies they're investing in. If you're not going to track your returns, the money that you are earning/accumulating as a shareholder every quarter, and your subsequent yield then do not invest in individual stocks. Doing so is not investing! It is merely wishful thinking clouded by euphoria and misguided beliefs. + +Instead, invest in an ETF that mirrors the S&P 500 every month, do not touch it and let your money compound over time. It will provide satisfactory returns... much better returns than most investment vehicles. + +However, I would really urge you to consider investing in individual companies. It is well worth it (this [chart](https://www.barrons.com/articles/berkshire-hathaways-investing-returns-a-breakdown-by-numbers-51582633800) says it all\].) I might make a post on why you should invest in individual companies and how to figure out what companies are worth investing in or not. Let me know if you’re interested. + +Edit: It’s been really great to see everyone’s reactions and comments. I’m glad many of you found the post useful. 😊 + +A number of you expressed interest in how I identify companies that are poised to make a lot of money and if I have a checklist regarding that. I’ll make a post tomorrow about this so look out for that! 👏 + +Some of you also wanted to know how to determine a company’s intrinsic value and figure out if and when you should by it’s shares. I’ll make another post shortly after too. +[https://www.wsj.com/articles/robinhood-faces-sec-probe-related-to-deals-with-high-speed-traders-11599074891](https://www.wsj.com/articles/robinhood-faces-sec-probe-related-to-deals-with-high-speed-traders-11599074891) + +Robinhood Markets Inc. faces a civil fraud investigation over its early failure to fully disclose its practice of selling clients’ orders to high-speed trading firms, people familiar with the matter said. +I've seen these trades a few too many times, so I figured it's about time to explain why you should give a damn about 'ivy' and what it means for an option to be expensive. This is a lesson on efficient capital allocation. + +**Where do options come from?** + + +There's no free lunch. The market is not perfectly efficient (it is certainly possible to make money), but it is pretty damn close. What this means is that 'obvious' plays are priced to limit your upside. + +Why is this the case? Transactions are symmetric -- whenever you buy an option, someone is selling it to you. Depending on what you're buying, it's either another trader, or a market maker. When trading highly liquid options, it's usually a market maker (think Jane Street or Citadel), whereas if you're trading an unknown, small company, it's probably another trader (Jane Street is not going to bother with *Lumber Liquidators*). But, irrespective of who is selling it to you, they're in it to make a *profit. + +**IV** + + +What does this mean? The money-making opportunity is usually priced into the option premium. A **4/9 220p** on SPY currently has an IV of 83.44%. A **4/9 30p** on RCL (roughly comparable percentage price decrease on the strike) has an IV of 319.70%! Do you think that Royal Caribbean is about to plummet because they have negative cashflow and don't qualify for the bailout? Yeah, well *so does the market*. It's written right there, in the IV. That's what IV is -- implied volatility, the expected volatility, according to the market. In order to make a huge return from trading the RCL put, RCL would need to drop even more than the market currently expects it to... With an IV of 319.70%, that doesn't seem particularly likely. So, should you buy RCL puts? Probably not... Unless you believe that you know something that the market does not, in which case, your claim would be that the RCL put, despite an IV of 319.70%, is still 'underpriced'. If you think that you have knowledge that justifies more IV than is currently priced in, then enter the trade. + +Fundamentally, **IV is forcing you to pay for the privilege of profiting from the volatility of the underlying**. It has to be set up this way, because option sellers need to be sufficiently incentivised to take the risk of writing an option on something as 'risky' as RCL. Remember, your gain is their loss -- they're only going to enter the trade if you pay handsomely upfront. + +Right now, everything has 'high' IV, Vix is through the roof. When Vix eventually drops, everything will be IV crushed. But options on individual stocks still have more/less IV priced in, as dependent on how much the market expects them to move. Picking the 'obvious' candidates with the highest IV is unlikely to result in a very profitable trade. In many cases, simply buying a put on SPY would pay more over the course of a red day. + + +**But I want big gains...** + + +This is why most of the 'real money' from this crash has already been made. The select few who purchased puts when SPY was trading above 300 made out like bandits -- capturing 10-30x returns. They bought their puts before the rest of the market realized that the crash was coming, so they didn't pay for the volatility and the coronavirus repercussions were not yet priced into the option premiums. Is it still possible to make a profit? Definitely. Some believe that the coronavirus crisis is 'overblown', so the market is still pricing uncertainty about further downside into the puts. 3-4x+ gains could still happen. If you buy puts now and enjoy a 200% return, it is only because of all of the entities underestimating the economic damage wrought by the virus. Assuming that the market continues crashing, it will be possible to turn a profit until the last bull capitulates (no coincidence that this is when the crash will end). + +So how do you make 'big' (10-30x) plays? You have to know something that the market doesn't yet realize. If betting on SPY, you have buy puts before everyone realizes that the world is burning (too late, unless the damage is significantly more severe than the market has priced in -- SPY 145p, for example). The next big trade will be calling a lower bottom, or calling the trend reversion before anyone else realizes (buy calls at the bottom while hedging vega, or after volatility has dropped). In the realm of individual companies -- you'd have to pick a company that will suffer more than the market realizes, or a company that will thrive in the virus-wracked economy. + +So, no, there is no free lunch. Sorry. If you identify a company that is 'sure to plummet', make sure that the market doesn't already know that. + + + +**TLDR:** +If you think a coronavirus play is obvious, check that this isn't already priced into the option's premium. When the market expects a company to swing wildly, it'll be right there, in the premium. This is why SPY puts can pay more on a 4% move than RCL puts would on a 14% move. + + +**Market makers don't actually profit from betting on trades -- they have an entirely different business model, based on capturing rebates from bid/ask spreads... They earn a commission from facilitating trades, basically. But options that market makers sell are still priced by the market, and thus priced so that the transaction represents 'fair value'.* + + +**EDIT:** It's come to my attention that I need to add that IV is a core component of option value. When options have high IV, they cost more. If you didn't know this, you should read more about options. + +**EDIT 2:** For the sake of accuracy, I'm adding this to the above: IV is option *demand*. Think of IV as the difference between the value that an option 'ought to have', based on fundamentals alone, and the price of the option on the market. It's usually back-calculated with an iterative function that determines the 'IV an option would need to have' in order to justify the price it currently trades at. So, when I say that 'when options have high IV, they cost more', it's a little circular -- when options cost more, they have high IV, and vice versa. But either way, high IV = expensive option. Up to you to determine whether or not this market demand is correctly pricing in the opportunity. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +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! + +**Please correct me if I'm missing something** + +I was originally concerned that the Slock.it DAO made little sense. It was too open. Too unlimited in the number of tokens that would be eventually distributed during the token sale. This lead me to conclude that any "profits" coming to the DAO would be trivial; it would be too dilute. + +But I believe I have seen the errors of my ways. + +The larger this DAO, the more projects the DAO can support, meaning the more chances for a successful investment. The size of the DAO scales. The bigger it is, the more in can do. Being larger does not dilute overall profits, rather, being larger is a buffer toward creating success with its investments. + +I'd like a better understanding of autonomy of "members" versus the DAO "group". Here's what I think happens. + +As a member of the DAO, I am agree with a group consensus to spend a fraction of my originally invested ETH/Tokens to support a project. The project may fail and my tokens lose value (I think). The project may succeed, return profits, which could result in 1) Tokens gain value (worth more ETH), 2) redistribute the profit to new projects, 3) award participants with a dividend. The group consensus decides what to do with profits. + +At any time, the group may decide to abandon the DAO and any unspent ETH would be returned to the members. I'm uncertain if a members can leave the DAO on their own, regaining their remaining ETH. I believe a single member can only leave by selling their tokens on the market. But I'm unsure. + +If a member can leave the DAO, regaining their unspent ETH, at any time, then this is truly an exciting opportunity, but that seems logistically a bad idea. But if that is how it works, it means there is not real danger of losing your ETH investment, with the exception of the fraction of ETH that was "spent" on a prior project. It also means, logically, the DAO token would never really sudden tank in value. It will always be, at a minimum, worth the original purchase price of the token, minus the fraction of ETH invested in a project. So if no more than 15% of the ETH goes to pay for a Slock.It project, then the tokens will, at a minimum, be worth 85% of the original ETH purchase. That's extremely exciting to me if true! **But is it true?** If it is true, you can leave without selling your tokens, what happens to the tokens? + +**One fact I do know**, regardless of how many tokens you plan to purchase, you can do it all very easily with the Mist wallet (video forthcoming apparently). So if your ETH is in the Mist wallet, no need to worry about all the other paths to gain tokens. Clearly, this DAO is going to be HUGE, maybe the largest movement of project-oriented crypto we've ever seen. I'd be surprised if it's not. April is looking like a VERY exciting month for ETH! +BTC = no proof of stake, slow to evolve/adapt, non-programmable, discord in the community, expensive slow transactions, less room for market cap growth. + +ETH = proof of stake en route, rapid networked evolution, programmable, technically engaged productive community, cheap quick transactions, more room for market cap growth. + +What are the most important facets to add? + +&nbsp; + +I love what bitcoin has endured & brought forth. But I'm having a tough time rationally holding any bitcoin at this point beyond the dubious 'novelty/pioneering gold crypto' factor. + +First, I'm very bullish on ethereum and have followed it and several token projects closely since June. As someone who is still relatively new, there are a few things I wonder if anyone can shed some light on: + +1) If Ethereum has been around since 2015, why are there so few live and public applications? Is the software that difficult to develop with currently or have the majority of the projects all been launched this year? + +2) Are there project teams that are ready to launch today or very shortly that literally can't until Metropolis for scaling reasons? + +3) On speed - I've used EtherDelta and Ethroll for example and while great services, they are a bit slow and clunky compared to what we're used to on the web. Would any application running on-chain with Ethereum today look and feel similar? Is this expected to get dramatically better? + +4) Lastly, what would happen if a major application actually completed development and came online, but the transaction levels caused a Status ICO type backlog EVERYDAY? Would it just be "oh well, hope Metropolis comes soon" or how would it be remedied? Seems like there is so much set to come online in Q4 that this would be a concern. +I understand that right now everyone is in wild speculation mode but this is ridiculous. + +Let's just put it all together and see how much the hacker could have made: + +* Eth hit a high of 21.48 before the hack +* Eth hit a low of 10.08 post hack +* This is a change of 53% in eth value + +* Poloniex offers 2.5x leverage +* With a change of 53% leveraged at 2.5x the total profit would be **132.5%** + +* In order to make any decent profit the hacker would need a sizeable bankroll. +* Exchanges require identification + +So to put it all together, the hacker may have had a chance to make 1.32x his inital bankroll as profit (using 2.5x leverage). He would also expose himself to possible investigation now or in the future by identifying himself to an exchange. + +**I just don't see how the theory that the hacker made off with millions is even possible. The risk of being caught would have been too high.** + +(Please verify my math...I could be mathing totally wrong and are way off) + + + + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I was looking at Coinmarketcap.com today, and I noticed that the DAO has a good chance of passing Ripple and Litecoin soon. + +Since the DAO is basically a decentralized VC funding smart contract, it has a great amount of real world utility, and it could one day pass both Ethereum and Bitcoin in market cap: +http://i.imgur.com/06BkeYl.png?1 + +The investments in Ethereum-based businesses would then help to increase the price of Ether, which would further increase the price of the DAO tokens. This positive feedback loop may eventually drive the market caps of both DAO tokens and Ethereum far higher than Bitcoin's market cap, unless something in the current dynamic radically changes. + +The only solution that I see from the Bitcoiner's perspective is for them to integrate smart contracts into Bitcoin, and to create a VC funding smart contract platform to fund Bitcoin projects. But my feeling is that they will realize this too late, and they may never be able to catch up. +# SWOT (Strengths, Weaknesses, Opportunities, Threats) Analysis for Mino-Lok + +[SWOT focuses on Mino-Lok, a product that treats CVC \(central venous catheter\) infections](https://preview.redd.it/f991u5l1k4i61.png?width=2543&format=png&auto=webp&s=8dfb9f9495547c98ff3d2e8fe3e5ebbe9d1fdf51) + +# Strengths + +* [Mino-Lok product](https://www.citiuspharma.com/mino-lok/) is one of a kind and no competition in this space +* The product has a unique market purpose: treating [catheter-related bloodstream infections (CRBSIs)](https://www.citiuspharma.com/opportunity/crbsis/) +* Mino-Lok is **financially more affordable** +* The product is **safer** for patients than the alternatives +* The product will **save money** for hospitals, insurance companies, and patients (30X cheaper than procedure; [treating CRBSI is costly](https://pubmed.ncbi.nlm.nih.gov/21915004/)) + * "The cost of CRBSIs is between **$33,000 and $44,000** in the general adult ICU, between **$54,000 and $75,000** in the adult surgical ICU, and approximately **$49,000** in the pediatric ICU." + +# Weaknesses + +* The company is tiny and doesn't have partners for Mino-Lok distribution + * They will need to set-up distribution partners in 2021 in order to leverage their **worldwide patent** and sell Mino-Lok efficiently +* Cash was an issue, but Citius was able to [raise $76.5M](https://www.prnewswire.com/news-releases/citius-pharmaceuticals-announces-76-5-million-registered-direct-offering-priced-at-the-market-under-nasdaq-rules-301229588.html) in an institutional direct offering + * This was a wonderful thing; now Citius can use this cash to **invest in the business and grow** + * Citius also raised funding from "**healthcare-focused and institutional investors**" for the purchase of an aggregate of 50,830,566 shares of its common stock at $1.51 per share + * **These investors are most likely experts with a vested interest in making a lot of money from this offering** + * A weakness... just turned into a strength + +# Opportunities + +* Citius [secured worldwide rights](https://www.prnewswire.com/news-releases/citius-announces-the-publication-of-european-patent-for-mino-lok-300719749.html) for Mino-Lok and holds the patent for it in the U.S. **until 2036** +* The opportunity is **uninterrupted market exposure** for over a decade with Mino-Lok + * **Mino-Lok = cash cow** +* Mino-Lok will **completely saturate the market** before anyone else is allowed to overtake the product + * By then, we'll be driving around in our Mino-Lok sponsored lambos + +# Threats + +* Defencath (CorMedix) and ClearGuard (ICU Medical) are working on CRBSI prevention, which may statistically lower the number of CRBSI/CLABSI instances + * **However, Hospitals will keep Mino-Lok in stock** because Defencath and ClearGuard are only effective for hemodialysis and they are only 63-71% effective (**Mino-Lok is 100% effective**) + +Source: + +1. [theWalrus Street](https://www.youtube.com/watch?v=0QLnBu3a9mc) +2. [Winter 2021 Investor Presentation](https://d1io3yog0oux5.cloudfront.net/_475f580e19821684bcc1893db3702a83/citiuspharma/db/249/1064/pdf/02.12.2021.WEB.Pres.%28V2%29_.pdf) + +Note: + +* This entire SWOT was conducted by theWalrus, I simply transcribed and edited with a bit of my own color. +* Position: X shares @ $1.52/share. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! +Fellow apes, I emailed Vanguard last week to inquire about proxy letters for $GME since I had not yet received mine. Their reponse this morning said proxy materials will be sent out the first week of May. + +So we may have another couple of weeks to buy the dip. + +Also, someone posted a link to Black Rock's site this morning saying they always vote. Here tis: [https://www.blackrock.com/corporate/literature/fact-sheet/blk-responsible-investment-faq-global.pdf](https://www.blackrock.com/corporate/literature/fact-sheet/blk-responsible-investment-faq-global.pdf). + +EDIT: Someone in the comments mentioned Black Rock didn't vote last year. I have not verified. Regardless, their site says "We aim to vote at 100% of meetings where our clients have given us authority to vote their shares, and therefore vote atapproximately 16,000 shareholder meetings in approximately 85 markets each year." + +&#x200B; + +https://preview.redd.it/09853e44lcu61.jpg?width=707&format=pjpg&auto=webp&s=abe8a221a98bed3b35b5574a6a8a9f356d2f2257 +If you're scared that Wall St is too powerful and they're going to wipe us out tomorrow, keep in mind it's not actually 100% coordinated against us. Not all firms are shorting, there are many Wall St players who are actually playing the upside here and helping fuel the rocket. [75%](https://www.reddit.com/r/wallstreetbets/comments/l8uigj/investors_institutions_that_have_loarge_positions/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) of the shares are still held by big money, so firms were the ones doing a lot of the buying actually. And Thursday's manipulation being such pathetically low volume (most bid/asks were literally <100 volume...) proves that they're confident the squeeze hasn't squoze and these suits are 💎✋just like us. + + +TL;DR for the chromosome-deficient: MUCH OF WALL STREET LIKES THE STOCK TOO🚀🚀🚀 +Post 1: [https://www.reddit.com/r/Superstonk/comments/p0pv1b/possible\_point72\_shell\_company\_shorebridge/h88rmle/?context=3](https://www.reddit.com/r/Superstonk/comments/p0pv1b/possible_point72_shell_company_shorebridge/h88rmle/?context=3) + +Post 2: [https://www.reddit.com/r/Superstonk/comments/p0sysd/point72shorebridge\_update\_another\_65\_billion\_on/](https://www.reddit.com/r/Superstonk/comments/p0sysd/point72shorebridge_update_another_65_billion_on/) + +&#x200B; + +Okay... so this thing went left pretty quick. + +First, credits to u/wladeczek44: made some API thingy (not sure what that is but it was really helpful!) Half the credit should honestly go to this beautiful ape who kept my ADHD ass focused :D + +With that said.... let's dive right in. + +&#x200B; + +Part 1: Ex-CIA, FBI, and SEC working for Point72 + +&#x200B; + +First, here's a link - [https://www.sec.gov/Archives/edgar/data/0001465991/000089914021000108/xslFormDX01/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/0001465991/000089914021000108/xslFormDX01/primary_doc.xml) + +or for those who enjoy images, here are 2 things that stand out - + +&#x200B; + +[Cayman Islands, again](https://preview.redd.it/bfr6ek3f69g71.png?width=953&format=png&auto=webp&s=50b32daa928a714ddf5529ab3cbff7ed15e5ec81) + +And this (same filing) + +&#x200B; + +[Vincent Tortorella - Remember that name](https://preview.redd.it/fuht6oaq69g71.png?width=1255&format=png&auto=webp&s=d7c4e8252dca85d903257e83e74b3e9eb7312774) + +Another link, another photo: + +[https://www.point72.com/leadership/vincent-tortorella/](https://www.point72.com/leadership/vincent-tortorella/) + +&#x200B; + +[Vinny is Ex-Department of Justice](https://preview.redd.it/sbkkiqr779g71.png?width=1185&format=png&auto=webp&s=e46be04c5d589e521ce15aa10fb2d591d1ca4e03) + +Here, we see someone who is Ex-DOJ assist in the transfer of offshore funds. Criminals in their natural habitat :D + +Turns out, there's a whole "surveillance" division of Point72, with ex-CIA, FBI, and SEC. Let's take a look- + +[https://dealbook.nytimes.com/2014/12/15/cohen-seeks-law-experts-for-fund/](https://dealbook.nytimes.com/2014/12/15/cohen-seeks-law-experts-for-fund/) + +(blocked by paywall unfortunately) + +[From NY Times](https://preview.redd.it/zl183irc99g71.png?width=784&format=png&auto=webp&s=c40ac5d9a35c9a917f5fc2b387caae7ebb0094b2) + +To boil it all down, we have law enforcement involved in crime - all in plain sight. Isn't that something? + +&#x200B; + +Part 2: Redbird and ShoreBridge + +&#x200B; + +After taking that brief look at the blatant offshore money moves, we find ourselves another name tied to ShoreBridge - Redbird Series 2019, LP (who in the fuck named that shit) + +[https://www.sec.gov/Archives/edgar/data/0001779883/000183435621000001/xslFormDX01/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/0001779883/000183435621000001/xslFormDX01/primary_doc.xml) + +&#x200B; + +[I normally find Red Birds quite calming, like the Angry Bird](https://preview.redd.it/d9ee93ohc9g71.png?width=1281&format=png&auto=webp&s=17a9f9bf589b60fe413d108fdc70ec1ee20ad5e9) + +We've got RedBird dumping shares into... ShoreBridge. Take a look - + +&#x200B; + +[Recipient #1](https://preview.redd.it/qnd570zvc9g71.png?width=901&format=png&auto=webp&s=2da48418df21f452f71dcdad05fbdc3ba37c8648) + +But wait, there's more! + +&#x200B; + +[Recipient #2](https://preview.redd.it/6uf2bi34d9g71.png?width=927&format=png&auto=webp&s=d09e97cce077e99c4551859d1da8dddd4791ce0a) + +We have Goldman! Along with Probitas Funds Group, LLC and Grafine Capital Partners LLC. + +Finally, let's look at the bottom- + +&#x200B; + +[Gerry Cardinale, founder of RedBird](https://preview.redd.it/04iif2d0e9g71.png?width=1321&format=png&auto=webp&s=27c61dcc7c0e343ce493a350688feecc5cf754ca) + +Let's take a look at Gerry and Redbird. + +Part 3: Gerry's Friends: Dwayne Johnson (and his wife), also Larry Ellison + +[https://www.redbirdcap.com/people/#member-406-info](https://www.redbirdcap.com/people/#member-406-info) + +&#x200B; + +[An Overview of Gerry](https://preview.redd.it/o72sqdi9f9g71.png?width=809&format=png&auto=webp&s=eab80a83acdc3d6ef5aca3db89a41a90d9fe0206) + +Our main man is former Goldman Sachs. Owns all these massive companies. Here's some more. + +&#x200B; + +[This man has connections, to say the least](https://preview.redd.it/g3f9t50sf9g71.png?width=463&format=png&auto=webp&s=b9009a2ca98844d2c091c095aaf21e5e7b869abb) + +See, told you Dwayne Johnson was here! Along with a... bunch of other people/companies. It begs the question - why are all of these massive entities tied to this one guy, who sells stock to ShoreBridge (Cayman bank account)? Definitely worth looking into. + +Boiled down - Dwayne Johnson and other large people/companies are business partners with a financial criminal. + +I haven't slept in 18 hours, so I'm getting some rest soon. I barely scraped the surface, other eyes should be digging as well. Support the hustle! + +&#x200B; + +TL;DR- ShoreBridge bought stock in Redbird Capital, whose founder (ex-Goldman) is business partners with Larry&David Ellison, Dwayne Johnson&wife, and tons of sports leagues. + +Edit- just realized Dany Garcia and the Rock have been divorced for quite some time. I really need to get out from under my rock sometimes + +Edit#2: https://twitter.com/TheRoaringKitty/status/1374149156873367553?s=20 😉 +Hi. First time buyer who’s looking to buy early next year and one thing I’m not sure of is how much of my savings I should keep for emergencies etc. + +There doesn’t seem to be a general rule on this so was wondering if any one who’s bought can share their opinions. Thanks. + +Edit: Thank you all for the replies, very helpful. Furniture and appliances will all need to be bought so a large chunk will need to be kept back for that. A 0% credit card may be considered to fund some of this if required. + +To put things in context I will be buying with my partner in London so due to ridiculous house prices it is likely we will need to use as much of our savings as possible. We also have no dependants. + +Luckily we’re both in very stable employment. Im on a fairly average London salary but my partner is a high earner, so combined, it shouldn’t take too long to build up an emergency fund again. + +Thanks again for all the replies. +Context: + +I run a small family business which, last September was defrauded out of £87,000 via APP (authorised push payment fraud) + +Basically it was a fraudulent email sent to one of our staff in accounts who fell for it (cyber crime education is SO important) and sent the fraudster the lump sum on an instant transfer. + +The police, the banks involved (HSBC and NatWest) and our solicitors have been useless. The police basically gave us a crime number and 3 months later told us it had been sent to Hong Kong and we can’t get it back, they also investigated the account holder and said he’s just a mule and is being watched but nothing they can do about him. + +Our solicitors haven’t really been much use, does anyone here know any good finance lawyers who would work under a low win low fee and high win high fee (anything back at this point is a bonus) + +NatWest have been absolutely appalling, and we discovered so many holes in their security after the event it’s scary, we even switched banks after their uncooperation. Their security measures didn’t pick up that it was a new recipient, or the largest amount we have ever sent, and the staff member who did it had only ever made a transaction up to £7000 before. There are many other security issues we discovered but those are the most poignant to me. +They also revealed unbeknownst to us that the junior member staff had full access over our whole company’s funds which was a little scary. + +Advice wise does anyone on this subreddit have any other avenues that we could explore or has anyone else been in a similar situation and the outcome has been different? Maybe some government help etc? + +APP fraud is rife at the moment, and we know lots of people and companies who have been stung. It’s a surprise there isn’t a bigger crackdown on it! + +Apologies for the long post! +As a result of covid19 my company has had a reorg. + +I have been moved into a deeply technical role, although its within my job family it requires technical knowledge that I do not have. Despite working extra in the evening I am unable to do the job. My new manager has become very frustrated with me and a few times has raised his voice in team meetings. I understand his concerns but I did highlight that I had a skills gap. + +He has warned that he will need to get HR involved if I dont improve but i dont think i can. + +I was thing of resigning and getting some sort of temp job rather than risk being sacked when will make me unemployable then when things pick up find another job + +I am on about £55k and have a young family bills + but I am concerned about being sacked. + +Thank you everyone for taking the time out to comment. It means a lot. I will stick it out and I will write down what has happened and will document any future incidents. +We are really torn on a decision, and would love some thoughts from people who've gone through a similar one. There are a lot of threads on this topic, but not from people who already retired. + +**Decision:** Whether to upgrade to a house that just came on the market. + +**Context:** + +HCOL city. \~20mm NW, already FIREd. 13% NW tied up in housing (main house and a cheap vacation house). + +Current house: great for us but has no view and is dated. New house has an amazing unblockable view, significantly larger than our current house, has much better outdoor areas for the child, and has a much higher finish level. It's also \~2x the price of our current. + +**Question 1**: At \~20mm NW and retired, is it crazy to tie up 24% of NW in real estate? (and the commensurate amount to cover increased property taxes and upkeep). At a 3% SWR and post-tax, it would cut our annual discretionary spending (buying random things, vacations) from 150k to 65k. We have 1 young child, so the alternative way to spend the excess would be travel while they are not in school yet. + +**Question 2**: For people who've lived both in houses with great views and houses without - does the view eventually become 'baseline', or do you continue to get enjoyment from the view years later? I am really worried about the hedonic treadmill here. Would you rather a great view from most rooms in the house, or an extra 85k/y discretionary spending while looking at your neighbor's house? +my buddy is looking for some adivce, as the title suggests he has 10k on coinbase, he sent the money there instead of just buying lol. but now hes like do i buy at 1400ish or wait. just wanted to get some opinions and see the general sentiment of you meme hounds +from my inbox: +names blanked by me regarding privacy. +Hello XXXXXX, + +Thank you for signing up!. We would like to welcome you to our group and +to let you know that we are forming a strong team of legal experts and +consultants from the US, EU and Hong Kong to help customers of Bitfinex +recover all of their lost funds. + +Like you we are a group of customers of Bitfinex who lost a considerable +amount of money on August 3rd and we are very certain we can recover our +funds in a matter of weeks if we join forces and obtain the best legal +help for this kind of situations. + +Our main goal is to negotiate directly with Bitfinex and obtain immediate +settlements for customers with currencies other than BTC held by the +exchange. If most of your funds were held in BTC, please don't worry as we +are making strong efforts to recover them without going to trial. +Discussions with Bitfinex's legal team have already been started. We have +received confirmation that Bitfinex is considering almost 100% settlements +for customers with USD balances in the exchange before the hack occurred. + +We encourage you to NOT SELL your BFX tokens until further notice. +Selling the tokens may relinquish your rights to any future settlements +from Bitfinex. + +It's best if you can come to our official meetings in Los Angeles, New +York, London or Hong Kong but it's not mandatory to be a part of the +Lawsuit or respective Settlements. We will keep everyone updated with our +progress and course of action. Everyone is welcomed to come with any +useful suggestions or relevant information. + +We will require a signed agreement from you to join the lawsuit and gain +your rights to the next settlements obtained with Bitfinex. Please let us +know if we can supply you with any information about the lawsuit and your +involvement. + +Kind regards, + +XXXX XXXX +join@bitfinexlawsuit.com +I originally posted this for advice seeking, but there's nothing they can do. Instead, I thought I'd repost as a PSA. + + +My sister (28F) and her girlfriend (33F) were desperate to find a rental house in the PNW. They ignored the telltale signs of rental scams: too good to be true pricing, unable to see the inside of the property, poorly constructed emails from the "owner" (who claimed to have recently transferred to Chicago for his job and was "just looking for someone to keep an eye on the property"), and the most glaring issue - he would only call them from a number with a 675 area code...which isn't an area code in the US. + + +Long story short, their desperation clouded their judgement. They called me yesterday afternoon in a panic, saying that the "owner" told them he was in a contract with a property management company and they needed to provide an additional 6 months of rent before he would "mail the keys". + + +Trying to get them to see the light (they didn't believe me when I told them they got scammed), I did the following to build my case (in addition to mentioning everything above): + +* Look up the name of the actual owner of the house - surprise, surprise, the names didn't match up. The house had recently sold to a different couple +* Urge them to try calling the phone number the "owner" was calling from (knowing that it would say the call couldn't be completed) +* I googled the listing agent and reverse image searched the photo that was on the Redfin page - they *only* results that popped up were on Redfin. Testing my theory, I did the same with a friend that's a realtor and the pictures showed up on multiple listing sites +* Brought up the fact that the "owner's" email address wasn't any iteration of their name - on its own, this wouldn't be a red flag, but he told them that he was an executive at his company (thus the "transfer). An executive business professional would most likely have an email that has their first and last name in it +* In the same vein, told them that a business professional would *not* be sending the types of emails he was + + +They provided copies of their ID's and SSNs on their "application", so I had them [freeze their credit](https://www.nerdwallet.com/article/finance/how-to-freeze-credit) and contact Wells Fargo to report the fraud. Outside of doing that, I told them to **absolutely** not send any more money to this person. + + +They're embarrassed and still aren't convinced they got scammed, so for now I'm just going to offer emotional support to them and be kind. They're absolutely the last people I would expect to fall for a scam, so it really is true that it can happen to anyone. +For the past 6 months we had to endure every disgusting piece of FUD this joke of a stock market ever had to offer. One of those was to make us believe, that retail owns little amounts of shares and if one of the big entities (Blackrock, RC, DFV et al) sold, it would be over. + +This is FALSE, as we have proven with multiple dd's and pols, that retail owns MULTIPLE FLOATS PER COUNTRY. They can't scare us anymore. As we are approaching financial war and ultimately the MOASS, I'd like all apes to remember this. + +THIS is the whale, the peak depends on RETAIL. They set the price, the stock has been shorted too much for any single entity to change anything. For all we had to endure, I will ask you this once: + +Don't you fucking dare miss this chance. We will take back every DOLLAR AND DIME they stole from our grandparents, our parents, friends, from us. Do not sell for cheap, make them bleed, draw the line for decades of fraud and theft. Ape hold for ape. I want everyone with the smallest fractional share to be able to retire INSTANTLY. That is my floor. +Hey guys you might know me as the guy that drove to Manassas,VA to leave a Gupta shrine at Micron’s plant. In the following months I proceeded to lose everything on Micron calls. + +I decided trading wasn’t for me and left to follow my dreams investing in real estate. Wholesaling houses to flippers and investing in my own single family +homes and multifamily properties. + +I am happy to report that I am failing at this also. Carry on. +As the title says, do they not realise how ridiculous they look and how laughable these 'journalists' and 'market experts' come across. + +It is clearly obvious what they all are and this past 2 days has just been hillarious. + +If they went to a university or reputable journalism school whoever gave them the degree should be ashamed of themselves, because at this point we can see they literally have no shame themselves. + +Buy the dip, hold the stock and enjoy the clown show. +I think most of us can relate to this, at least I hope so. The last few days, I have only opened Binance, checked my balance and left. I used to look at crypto analyses, check out what my favorite investors said etc. But I just don't feel like doing any of this anymore. Even if I look at analyses, what is going to change? I am in such a big loss that I can't sell, so why bother? + +I just wanted to hear what you guys are doing in this crash. Because I am certainly not doing anything other than watching my portfolio dip even further. +TLDR: for those of you who fatfired, what did you decide what to do next? What process did you use to make that decision, if you had one? + +Stats: Mid-30's, NW $10-$20M, kids + +I built and sold a business resulting in this net worth. Since then I've mostly dicked around. I tend to have a lot of ideas, run them up a tree for a few days, then move on to something else. I'm driven to do "something else." I loved running a business and I love talking about ideas, doing customer interviews, etc. But there's definitely a sense that I'm just playing school -- doing the things that are fun in the startup stage, but not committing to doing the hard work. A big part of that, I know, is that there just isn't financial pressure. + +So I definitely don't want to "retire." I'm also not particularly interested in doing nonprofit work, becoming a teacher, etc. I'm super happy to be a major financial contributor, and I think I can give back way more and also be happier by earning to give. + +I've done a bunch of exercises on finding my passion etc and have a general plan, but it just hasn't translated to the fire in the belly. + +**I'd love to hear your experiences** of how you figured out "what to do next" after an exit. Not looking for "you should do xyz" -- looking for sharing from people who have been there. + +Thanks! +With the rise of MMOCs, online learning, and golden era for autodidacts, the future of higher education is a bit murky. Traditional fatFIRE paths like medicine/law/finance will always require significant investment in education and there's nothing on the horizon that will change that and even more so for paths that require strong technical knowledge. For software (dev/data science/PM), a top degree can boost your chances at FAANG but it's less of a requirement than in years past. We're seeing people in sales, real estate, entrepreneurship, and/or tech get by without it. The network gained IRL is a huge advantage that is hard to emulate virtually. + +Like many others, my goal is to invest in my children's education right from the time they're born to maximize that growth. I've maxed it for the first year and hope to do for the first 5 to get to that ideal amount. + +Recently I'm starting to hesitate on how much is needed towards a formal higher education depending on which path they take. I'm aware 529 funds can be shared within the family for education but it would be a waste if not fully utilized. + +What are your thoughts? +45M with $4m in invested , 500k in home equity and $10m (at current valuation) in upcoming company IPO in 2022 end. Spouse makes $500k living in VHCOL. No kids. + +I’ve always wanted to build my own startup as I love creating apps and businesses, want to make an impact and want to build a business. + +I’ve done this once before where I worked on building a company for 2 years and got to revenue but had to quit for family reasons. + +I Also absolutely hate working for others. Thus I’ve jumped back into building a startup in the fintech space. + +For some reason I have a heavy fear of failure and I go through waves of envisioning myself completely failing. (It’s probably from my previous experience.) + +What advice would you have for me? + +Does this make sense to do? + +What safeguards can I take for mental and financial health? +I see a lot of y'all posting about making '1% of week' or '5% a month', etc... + +THAT IS THE WRONG THING TO FOCUS ON. + +1) Did I do my Due Diligence before entering this trade? + +2) Is my ROC within the parameters that I like? + +3) Are the DTE that I picked desirable for this setup? + +4) What is my plan if the underlying goes up 5% in the next five days, goes down 5% in the next five days? + +5) 25% Profit Target, 50% target, hold until expiration? + +And many more things you should be focused on rather than x% per n time period. The reason is you can get lucky for a few time periods and thinking you are hot shit when your study habits are garbage. And if your study habits are tight then you'll know when it's a great week to keep it rolling and push it. + +All I'm saying is more focus on the process of the trade, the mechanics of the trade, the execution of the trade and less on the results will, long term, serve each one of you better. +Ive been bere since this sub opened. I was here for the migration from the old site. Ive been here through it all. Things are WAY DIFFERENT today than they were long ago. I want to bring everyone back to Fall of '21. + +Was anybody here for that? The days when we had real DD writers? Criand was a god, people thought he was RC in disguise....enough of the reminiscing. Fall of last year this ENTIRE SUB was in a rush to DRS. Our legendary DD writers brought us proof about DRS. We went through all of the same questions and fears that we are today. + +In the end after all the discussion, this sub came to a conclusion. That conclusion was DRS is the way. The ONLY way. Has everyone forgotten? We thought then that MOASS was tomorrow, people were scared of NOT DRSING! After the Terms of Service agreements were posted and discussed, it was a general consensus that if you did not DRS your shares, your broker could freeze you out in THEIR best interest. + +There were people then that claimed that they couldn't DRS. It was discussed, DD was written about it and we concluded that THERE IS A WAY FOR EVERYONE TO DRS THEIR SHARES. Anybody who wants to can. I cant remember the specifics, but it IS IN OUR ARCHIVES! + +If you newer guys choose to not believe me, at least look into it for yourselves, it is there. DRS your shares guys, don't think that you know the answers on your own. Respect what came before you. This entire movement would not be possible if not for those who came before you. You would not have this opportunity if not for those who came before you. Do what they did, DRS YOUR SHARES! + + +[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!* +In my last post I highlighted that Interactive Brokers is exiting membership of the MBS division of the FICC. [https://www.reddit.com/r/Superstonk/comments/n5ttd2/interactive\_brokers\_intb\_to\_retire\_from/](https://www.reddit.com/r/Superstonk/comments/n5ttd2/interactive_brokers_intb_to_retire_from/) + +It seems today the Fed is removing a special account from DTCC membership. From previous research I believe this is because of the new rules we've seen being put into place wherein the MEMBERS of the DTCC are the first parties to pay for any default of other members before the DTCC will start paying for itself. + +I believe members are trying to exit stage left before the DTCC can foot them with astronomical bills - anyone who does not need to be there for their business to function should all start departing. We can watch over the next few weeks. + +If anyone knows what the purpose (unlikely to be public information) of this special account is, please enlighten us all. + +[https://www.dtcc.com/-/media/Files/pdf/2021/5/6/15136-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/5/6/15136-21.pdf) + +https://preview.redd.it/w987drz7ejx61.png?width=772&format=png&auto=webp&s=a65a5e53ff2e6212fbaa63c09acc6f474cfc9abc +I’ve been silently watching from zenville the past several months and within the past few weeks we’ve seen the Dow/S&P/NASDAQ enter crash territory and recover somewhat. Nasdaq is still in the crash territory, however, both the Dow and S&P are juuuuuuuust outside of it. + +We’ve seen experts like Burry say “and people keep asking me wen crash” or something similar, and it showed some chart going down pretty hard. So now that everything is at the edge of a cliff, what are the most likely situations to push the markets off? +If you have invested in ICOs, you are indirectly participating in shorting the crypto markets. + +How? + +Those companies doing ICOs are selling your BTC/ETH you gave them to pay for their operations. + +This post was inspired by the latest crypto market decline. +> +Disclaimer: this is a purely healthcare analysis of the company and their products. This may in no way correlate to actual market changes in the stock being discussed. This is a discussion meant for those who intend to hold longer positions in the company being discussed. I will not be focusing on the fundamentals, technicals, or anything along those lines. I'm nowhere near experienced enough to do so and that isn't really the focus of the post. +> +I’m also going to get into the habit of posting my position as a full disclaimer. I have no position in CTRX for the reasons I will mention below. I don’t intend to open up a position either, I believe the foundation of this company is very shaky and the marketability of their products will extremely weak. + +**Before messaging me or asking me to look into XYZ, realize that if you are asking for speculation of whether a product will succeed, my answer will always be the same: waiting for the FDA decision is akin to gambling, and the odds are likely not in your favor.** + +Previous Posts: [FDA Guide](https://www.reddit.com/r/pennystocks/comments/lh9nkh/a_look_at_the_fda_approval_process_and_how_it/) | [XSPA]( https://www.reddit.com/r/pennystocks/comments/lkuwki/medical_analysis_xpresspa_group_inc_xspa/) | [AGTC]( https://www.reddit.com/r/pennystocks/comments/lk2b0g/medical_analysis_applied_genetics_technologies/) | [ATOS] (https://www.reddit.com/r/pennystocks/comments/lhyk75/medical_analysis_atossa_therapeutics_atos/) | [ACRX](https://www.reddit.com/r/pennystocks/comments/lln5bb/medical_analysis_acelrx_acrx/) + +I’ve been meaning to do this one for a long time, almost two weeks now since the original thread popped up on the subreddit. I've seen a lot of confirmation bias and people assuming the large volume of threads means that this is more and more of a sure-thing. I’m going to be going fairly in-depth here and I expect that this may be a decently long post. The things I will be saying will not only be my opinion, but that of other doctors as well. In one of the original threads, the top chain of comments is all doctors and they mention some of the same exact stuff that I will, so you can take a look at that [here] (https://www.reddit.com/r/pennystocks/comments/lm8ecq/ctxr_citius_pharma_swot_analysis_for_minolok/), if you so desire. + +All right let’s get started with the absolute basics. Citius Pharma (CTXR) is developing three products right now. They have their Mino-Lok, Halo-Lido, and Mino-Wrap. To begin, Mino-Wrap is in the preclinical stage so there’s really no information on it yet. Unlikely that it will be used but that product is so far away, it’s not even worth discussing. Halo-Lido is a hemorrhoid treatment which looks to be in either late phase 2 or awaiting approval for phase 3. Lastly, Mino-Lok is the big one which is currently in phase 3 trials and is their biggest selling point. + +**Halo-Lido**: let’s start with the simple one, Halo-Lido. This is the first prescription hemorrhoid treatment available on the market. They have published their phase 2 data but the data wasn’t good enough to show any statistical significance. If you read my earlier FDA Drug Approval guide, you’ll know that without statistical significance, your drug is useless. So what exactly is this? It’s a topical agent that combines Halobetasol and Lidocaine for treatment of hemorrhoids. They are very excited because they are combining a steroid with lidocaine for maximal effect. However, this combination is not unique and other over the counter treatments already have that combination. + +So why would anyone be prescribing something that can be easily accessed over the counter? They wouldn’t be unless they were a family practice doctor in private practice fielding Citius Pharma drug representatives. This product will have no superiority over other, more easily accessible and cost effective alternatives. Being prescription just means that the barrier to getting it as well as the barrier to paying for it are higher. I would also add that many patients will try the over the counter stuff before going to even see their doctor. Chances are, they will be sufficiently treated and will, therefore, have no reason to see a doctor for it. + +So I don’t really see this drug being prescribed by anyone on a regular basis. Hemorrhoids are common, but the treatment is simple and there’s no reason to complicate it with a prescription medication. I also don’t see their phase 2 data being very compelling. They don’t really show any increased efficacy over the over-the-counter ointments, so in essence they add nothing to the current market. I would not be surprised to see the FDA reject this drug outright after their phase 2 results. + +**Mino-Lok**: oh boy, this is the big one. I’ll start by explaining what they are treating. When a patient needs long term IV antibiotics, high-volume resuscitation, dialysis, or other criteria, we will often put in what is called a central venous catheter (CVC). This is usually inserted into the neck but it can be inserted in other large veins. Rarely, these catheters can get infected and colonized with bacteria. What this means is that IV antibiotics will be unable to kill the microbes because they will have formed what is called a biofilm (a protective barrier). The current standard of care in this case is to simply remove the catheter and put a new one in. that way, there is no colonization and you can treat as you usually would. + +Mino-Lok is a device that is called an antibiotic lock. In essence, you are putting it onto an existing catheter in an effort to salvage the line. The idea is that this little device can go onto the catheter, kill the bacteria, and save you from having to place a new one. + +Now CTXR makes some bold claims about the current state of affairs. I’m going to share some of them with you. My point is two-fold: one is to obviously refute their numbers, but second, to show you that pharmaceutical companies **do this all the time** and use data to show what they want. Always, always, find another source for the data than the one the parroted by the company. + +**18% complication rate when CVC were replaced**: this claim comes from one of their early studies and compared the Mino-Lok formulation to controls that were historical--meaning that they cherry picked cases. Complications were shown in their study to have **no statistical significance** when compared to historical information. AKA, even with cherry-picked data, they were unable to show that regular insertion of CVC has any complications when compared to their product. Their website conveniently leaves off any statistical indicators, but in the study you can clearly see their p-value is too high (meaning they proved nothing). I also want to add that newer studies find complication rates of CVC placement to be incredibly low. The difference between newer studies and the older, cherry-picked examples is that the new standard of care is ultrasound-guided placement. Nowadays, it is standard to use ultrasound to see where you’re going, so the risk of complications is dramatically lower. + +**100% efficacy rate**: in that same study referenced above, they also tout a 100% efficacy rate. This is interesting because when compared to controls (previous CVC infections), there is also a 100% success rate (they once again failed to prove statistical significance). They failed to prove fever resolution or bacterial eradication happened faster or more reliably with their product. And if they can’t do that, what use is there for this product? + +**Billing**: now let’s get into some of the real world issues with this product. Every employee of every company ever is there to generate revenue for the company. Doctors are no exception. Currently, replacing a CVC is a billable procedure. What this means is revenue for the hospital. This is how doctors earn their salary and keep their jobs—by billing for services performed in the hospital. Using this product means the hospital buys it from Citius Pharma and someone applies it to the CVC. There is no billable procedure here. So in the real world, doctors will replace the CVC because it earns them money and helps them keep their jobs. + +**Medicare issue:** here is the actual biggest problem in the usage of this device. Medicare payouts are extremely important for hospital revenue. Even private insurers use Medicare payout to determine their own rates. Medicare sets the standard, and the rules. One of the newer programs that they have implemented is a way to increase overall healthcare qualities in hospitals nationwide. They use multiple measures to determine the performance of a hospital from a patient safety standpoint. One of those measures is, you guessed it, central line-associated bloodstream infection (CLABSI). So what does this mean for the real world? If you get too many of these, Medicare will literally pay you less for every single thing you do, regardless of whether or not it is related. + +**$1,400 vs $40,000**: they make this ludicrous claim that the current standard of care of replacing the catheter costs $40,000. If you look into where this number came from, you’ll see that this is a compounding of the entire associated infection. This means that in this $40,000, they are including length of hospital stay because they have an infection, length of time in ICU, cost of antibiotics, etc. If you’ll remember from above, I pointed out they have not shown any difference in length of stay or any hospital measures. Also, using their product doesn’t save you the cost of antibiotics, so that would actually be the same for both. What I’m trying to say is that they are comparing their $1,400 product to the $29 CVC, the hospital expenses, antibiotic treatment, and everything else. Hardly a fair comparison, wouldn’t you say? + +**Fungal infections**: the most terrifying form of CVC infections is fungal infections and they aren’t even testing their product for fungal (hint: it’s because it couldn’t kill fungi). The rate of fungal CVC infections is rising and the mortality is significantly higher for fungal than bacterial. In the current standard of care, removing the catheter and putting a new one in deals with both fungal and bacterial. In this case, using the Mino-Lok and waiting days to see if it is working runs the risk that you are having an untreated fungal infection for a lot longer. This is a huge issue in usability, especially in high-risk ICU settings. + +**Tried and True**: so doctors get a lot of flak for not picking up on new trends fast enough or continuing to use their old way of doing things. A lot of that is well deserved, but there’s also a reason for it. Often times, patients with a CVC are the sickest in the hospital. We usually don’t want to risk someone’s life trying something new when we 100% know the old method works. There’s absolutely no way they can have a colony if you take the whole catheter out. There will always be a risk when using the Mino-Lok that it didn’t get the whole colony. Do you see the issue here? No one is going to gamble on the sickest patients that hopefully the Mino-Lok got it all. And yes, even if their phase 3 shows 100% efficacy, we’re still not going to trust such a small study in the grand scheme of things. + +**This already exists**: none of this is novel in any meaningful way. Mino-Lok took ingredients made in current antibiotic locks and put them all together and called it a new product. If for some reason we really thought this would work, we would just do it with the generics and mix them all together. Why are we paying $1,400 when we could do the entire antibiotic lock for <$100. + + +So in summary, as far as the Mino-Lok goes, so far it: + +1. has not proven it works better than our current methodology +2. will not be used by hospitals because they need to make money +3. will not be used by doctors because we won’t trust it, and also need to make money + +>Suffice to say, I’m very skeptical of this product and I think there are going to be a lot of bag-holders. I have seen so many threads pop up and frankly, it is because people are unaware of the reality of how CLABSI work. I see price targets that are absolutely insane based on the worldwide cost of replacing central lines using ludicrous numbers. The point of this is to encourage people to be more vigilant about investing in biotech. There is clearly money to be made, but it is important to understand the risks and realities. CTXR has many risks and the reality is that this may not be a long-term winner simply because the product "makes sense." +Hey all, long time lurker here. I was hoping to get some input from people here on what I should do. I'm 27, no debt, around 100K in brokerage/IRA accounts. I'm pretty risk adverse, especially in this environment. I have no idea what could happen, but I wouldn't be surprised to see a few more major drops. + +Basically as the title says, am I too young to just throw basically everything into JEPI and a YLD fund, and keep adding to it monthly? Instead of going all in on those two, would something like an 80% into those two, and 20% into severely beaten down growth stocks? + +Would love to hear any and all suggestions +When should you sell a dividend stock to take advantage of a share price increase? + +Say, you buy a stock for its 4% yield, and a couple of months later, the stock is up 10%. Why not sell and purchase a stock or ETF with a 3% yield? + +What are the key points to consider? +I am planning to retire with dividends 6%, after the tax it will be around 4%. I am planning to buy seven different companies more or less.because there are not much good companies give dividends more than 6% + +Is it a good plan? +Hello [r/dividends](https://www.reddit.com/r/dividends/), I am seeking some advice on diversification, growth vs yield, risk, et cetera. + +I began investing a couple months ago; my largest position by a wide margin was SPYD, but I sold out of that today because I made a $500 gain on it since January and I have seen other funds like VYM being praised more highly. I also was (and continue to be) invested in QYLD and DGRO, and about 5% of my portfolio is in BLV. I have a few questions, so I guess I will just jump in: + +What is the risk of something like QYLD? It seems based on my reading that it and other covered-call ETFs won't fall as easily as the S&P500 index for example, but also won't surge as dramatically when things are good. If this is the case, for dividend purposes, why bother investing in something like VYM which has a much lower yield? Being young and able to take on risk, should I opt for more of these high yield funds rather than a VYM, SPYD, etc? + +I understand the benefit of a fund like DGRO; it is about companies that have consistently raised yields. But, this does not guarantee that the yield of the fund itself will improve. What if a stock with a hefty yield stops growing, and it gets cut from the fund. The overall yield of the fund could drop right? So I'm a little lost on what is really the point of investing in dividend growth? Why not go for the consistent high-yielders? + +I am very young for an investor; is it worth it to be exposed to bonds at all? Apparently interest rates are rising, so maybe stay in for now, right? + +Thanks for the help guys. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [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! + +# 🙋 ​[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 + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) + + +⚡⚡Russian troops HEAD BACK to their permanent bases after successful finish of the military drills - Russian MOD + +Ruble is jumping together with stocks. Oil & Gold fall. + +[OIL falls](https://preview.redd.it/vyqg6cj9myh81.jpg?width=1080&format=pjpg&auto=webp&s=2cd9525f0543eb93f29be547a407985e3a877c9c) +In August I made a $500 mistake with my finances and between that my hours getting cut at work I wasn’t able to make August rent (1400$ give or take). Since then every month I’ve been playing catch up. My property manager is very unresponsive and unhelpful in my requests to make a repayment plan and I now owe $95 and am late on October rent. I received the summons last week for a total of $3000 solely for the months of August and September and ran down to my property’s office to ask for a copy of my account. The receptionist printed me out a copy of every check I’ve paid with, every receipt she’s given me, and a total account breakdown of what I owe for the two months stated in the summons. I sent all of these over to my property manager asking if she is showing a different owed amount because on my end it is still $95. No answer. My court date is tomorrow at 10am and is costing me a day’s pay. I’m scared I’m going to be evicted and I don’t know what to do. Also I’m not sure it matters but I have lined up a second job so, there’s that. Any advice is welcome. Thanks in advance + + +Update: a few quick things to clear up that I’ve either seen in the comments or gotten DMs about 1) pronouns are She/Her/Hers 2) my mistake was that I didn’t have a bed and I live on the third floor. I ordered a mattress and the delivery driver dropped it at the entrance. We don’t have an elevator and I tried but couldn’t get it up myself, I couldn’t find anyone to help me and was sure it would end up stolen so I called a moving company. They charged me $500 and I didn’t know what else to do so I paid it. 3) I haven’t been able to afford meds or food so credit cards have been frozen so that my non payments don’t go on my record. Both have been maxed out while I try to get through this, so there’s that. 4) I live in Colorado + +Alright on to the court hearing: just got out of mitigation’s with the lawyer, she looked at my name told me the repayment was sufficient for the case and that they were dismissing it. She thanked me for coming and told me to work out any remaining dues with my property manager (super helpful /s but hey at least I have a roof for a few more months). No mention of the late October rent. So I drove all the way out to county, wasting the last of my gas for this. Cool. + +Thank you to everyone for the support and even the more negative/realistic ones. I hope anyone else going through this finds options and safety. I’m gonna keep looking for an RV to start boondocking or something 😅 I need a few months’ break from capitalism. +Hi everyone! + +Successful traders keep talking about how important is to follow the process, that you need stick to your process, and that is all about respecting the process! +I'm a beginner and I wish I could have a process to stick to. But I dont even have one! +Seriously, how those people find their process or trading strategy? +Do traders find their edge all by themselves? If yes, then I never gonna be able to trade. +Any beginning of a process to share with me guys? +How do you deal with the fact that your edge may no longer be present? + +Yes we backrest over long time periods over a large sample size and that's how we have the historical edge to build our confidence when taking the trade...but what about the fact that tomorrow is a new day. Your edge could very well just not work where price decides to not behave as historically shown when meeting your entry triggers and it does this consistently taking you back to the drawing board or executing a different trading style or edge. + + +Does anyone else have this fear or just me? +http://www.marketwatch.com/story/lendingclub-ceo-laplanche-resigns-after-review-of-sale-of-near-prime-loans-2016-05-09?siteid=y + +So much hype into the IPO, stock down 70% in a little over a year and a half before this. + +Was nearly $30 at one point not long after the IPO. Now $5.50. + +Edited to add: Under $5 to $4.83 at one point, -32%. +Look at the posts that have shown up here in recent days. 6 month ago it was all speculation and charts. Now it's people asking for guidance on how to accept btc in their stores, engaging with politicians, questions about lightning... we have gone from focusing on price to focusing on adoption and community. This narrative change happened back in 2019 too and its making me more long-term bullish than any news or TA I've hear in a long while. + +Change the mindset - change the market. +Article from Bloomberg: [The End of Tesla’s Dominance May Be Closer Than It Appears](https://www.bloomberg.com/news/articles/2021-03-24/tesla-tsla-and-elon-musk-s-dominance-is-threatened-by-volkswagen) + +> VW last year became the No. 1 electric-vehicle maker in Europe, where sales of battery-powered cars surged thanks to stricter carbon dioxide limits. After the introduction of the ID.3 hatchback in 2020, the ID.4 crossover—the first global model based on VW’s electric platform—is starting to reach showrooms from Shanghai to Chicago. This year, VW plans to deliver 1 million plug-in hybrid and fully electric vehicles, and Diess aims to surpass Tesla in EV sales no later than 2025. Some analysts predict it will happen much sooner. +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. + +Lately, when news, current events, etc, have been posted, this forum becomes indistinguishable from r/economics. We don't need another place to post standard articles from FT, nytimes, the economist, or zeroHedge. There's lately been a surge in not-strictly-finance posts and the discussion seems to invite the Ron Paul fans, dragging down any intellectually stimulating debate into the "lol don't print money" argument. Can the mods consider changing the posting guidelines to keep this crap out? + +Thanks, + +Sincerely, + +Someone who enjoys the academic rigors of finance and doesn't particularly want to debate the morality of central banking +I would like to ask parents subscribed to this to share their financial plans for their children. + +I'm currently doing the following per child. + +1) $200 a month in a broad index from birth till 18y/o. +2) Cpf (my country's equivalent of 401k) voluntary contribution of $4k a year per child from 3y/o to 18y/o. +3) Life insurance - pay $2k p.a. for 20years, coverage up to 100years. +4) Medical insurance +Hello everyone, I am a 24 year old Male with a net worth of about 155k spread out in 3 accounts (401k, Roth and Taxable account). I have a salary of 70k and also I have a side hustle (my instagram page on the motivational niche) which generates about $1000 to $1200 on a monthly basis just by selling ads/promotions on the page, but recently it has been slowing down. Someone recently offered me 25k for the page. I am hesitant to take the money and just invest it but on the other hand is hard since it is a page I have worked so far for the past 5 years to build to almost half a million followers. I believe that with my net worth plus this extra 25k I should be good for retirement. But I am afraid of the idea of just relying on my salary. It is nice having a side income that you can rely on for extra an extra cash at the end of the month. What would you do? +Hey all, I appreciate any insight anyone is willing to bring forward. I currently have about 150k cash, it was a savings account that I’ve built over the years saving for a house. I know I should have been investing but I was younger and really knew nothing about it. The housing market where I live has achieved astronomical levels. I contribute to my retirement acct regularly and have a large amt of money saved there too. The point is, I’m scared to really commit this amount of cash to the market or really anything but I hate sitting on cash as inflation crushes my dollars worth. Any clue what I can do with this to fight inflation? Thank you in advance. +I’m 23 yo, single and I live with my parents. With no debts or bills other than my phone ($50) + +How much of my money should I save/invest? + +Edit: my salary is 5k +Hi all, a little background... I'm a 32yo female, have a stable career and make around $80,000 a year before taxes. I have no debt and am currently renting an apartment. I live in Seattle so things are fairly pricey here. I have almost $40,000 in my savings account just sitting there. With my job I have a few retirement accounts where I contribute about 10% of my paycheck. I have the option of moving this money around to make more with it but really don't know how or where to move it. I'm honestly not very interested in learning how to manage my money myself nor do I keep up enough with the stock market/current events to do so. I'd like to plan my future out as if I'll remain single and depend on myself. I'm not opposed to the idea of buying a house/condo but don't know if this is the right time for that. My question is, what do I do with my savings and where do I go to find someone to manage my money for me? What does something like this cost and is it worth it? Would it be best to put it in property or invest? Also, I've already traveled a bunch so blowing it on that isn't really an option. Thanks in advance for your advice! +It's a bit of a general question, but with all 401k plans (and other vehicles) aiming for wealth accumulation I was wondering if you have a precise amount in mind for retirement or if will just see where the market leads you and manage your lifestyle accordingly. I personally think that whatever you target (and however you do it), it should be well-defined and inflation-protected to help you secure a stable standard of living throughout retirement! +Hey all, I appreciate any insight anyone is willing to bring forward. I currently have about 150k cash, it was a savings account that I’ve built over the years saving for a house. I know I should have been investing but I was younger and really knew nothing about it. The housing market where I live has achieved astronomical levels. I contribute to my retirement acct regularly and have a large amt of money saved there too. The point is, I’m scared to really commit this amount of cash to the market or really anything but I hate sitting on cash as inflation crushes my dollars worth. Any clue what I can do with this to fight inflation? Thank you in advance. +One of the things about the personal finance and early retirement community is...well, keeping cash. Yes, your purchasing power diminishes over the years due to inflation. Cash doesn't make money. Cash needs to be invested, not kept. + +We take a different route - we have nearly four years of living expenses in an Ally savings account that, at the moment, is making about 1.8% interest. Hardly the gains of the stock market, but we're also setting ourselves up to use that cash once the market flips, avoiding a sell-off of stocks in a down market. + +Are you guys/gals cash hoarders, too? If so, how many years of living expenses do you have? + +P.S.: That cash in Ally isn't our only stash. The majority of our net worth is in investments. +I’ve been aggressively paying off all my high interest debt and have finally paid it all off. Would love some advice on next steps. + +A few key details: +- currently contributing 8% to 401k +- currently contributing 8% to ESPP; company went public last year and stock is still a really great price to purchase before we hit profitability +- I have 10k in savings +- I still owe 14k on my car +- salary is 85k and I live in a state that doesn’t have state income tax +- moving to a new place with my gf and I will be paying $1200 a month rent saving $800 a month + +I’m hoping to save enough in the next year or two to buy a house, but want to smart about making my money work for me. + +Thanks in advance for any advice. +["The Richest Man in Babylon" is an outstanding book first published in 1926](https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/0451205367). It contains basic truths - things we all *know* but fail to practice all too often. I did a webinar to share its learnings amongst our users. I thought we'd share the video recording with all. We blended in the lessons from this book along with ideas from other thought leaders like Stephen Covey and others to make the 7 cures of this book more interesting and topical. Also, as a teaser, beer and money :-) + +The [webinar video](https://www.youtube.com/watch?v=5VOiA2tbOQI) is an hour long and the [slides are here](https://drive.google.com/open?id=1FhQX5nv9jHyYIiHIf-0GFCSrERffPXVm). (Warning: I do talk about my company briefly for about 3 minutes - so for those who don't want that, the summary is below and the book is directly available at Amazon.) + +## Core Habits, Discipline: + +**Honor thy commitments**: Don't make promises you cannot (or, don't intend to keep). Don't assume that you can ignore the small/trivial commitments. Only by setting/meeting your small commitments will you become good at setting/meeting bigger commitments. + +**Learn from those successful in your cohort**: Too much of the financial literature consists of tips from the super rich. These lessons are often *not actionable* by ordinary folks. Instead, look for people who are like you but who now are doing better than you. These could be people who are your neighbors, colleagues at work or school. This is exactly what the two people in the book did: they sought out Arkad, the richest guy in Babylon, to get his lessons. Arkad was in their *cohort* once - same school, same background, etc. Yet he quickly overtook them in financial standing. His lessons are particularly relevant and meaningful because they can perhaps follow those same footsteps too. Learning from the King of Babylon (who, no doubt, was richer than Arkad) makes no sense, however. The king inherited his money, and, even if he did not, enjoyed name recognition and access to resources that the ordinary person simply does not have. Hence, choosing the King as a role-model does not make sense. So choose your role-models and mentors wisely. + +## 7 Cures: + +**Start thy purse to fattening**. Start saving. Now. Clason recommends setting aside 10% of your income towards savings and coined the phrase "Pay yourself first." But Clason does not say *how* to do this. I recommend that to save 10% give yourself a "jolt" and behave as if your income has dropped 25% - 50%. It is this jolt that causes you to think creatively about where you can wring savings. The recording gives you an example from the beer company Stroh's and its 4 generation heir to bring home the idea of a "jolt" being a good way for you to think creatively about finances. + +**Control thy expenditures**. Clason says that we should strive for "100% appreciated value for each coin spent." Don't spend on things that do not give you value. That sounds simple enough but think about the things we each buy because we want to impress someone else, or we make a plan and then do not follow-through (think about the new gym membership you purchased at the New Year but now don't use), etc. + +To effectively control your expenditures, you need to distinguish between *needs* and *desires*. This is at the heart of successful budgeting. At Arnexa, we have been advocating an approach (drawn from time management and first proposed by Stephen Covey in First Things First) called the "zero baseline approach" (which is simply paraphrased as first needs, then desires). + +**Make thy gold multiply**. Think of the number of income streams you have. For most of us, its just wages. But to become financially secure, you should add/diversify your income streams so that you are generating money from other sources: interest, dividend, rent, etc. The crucial point here is to **reinvest your income so that it compounds**. + +**Guard Thy Treasures Against Loss**. Be adequately insured. Too many of us assume that bad things only occur to other people. Check your insurance coverages for home, auto, health and make sure that you are adequately protected. Another crucial point: Don't lend money to friends and family until you get so successful that you are able to write it off without expecting it back. This also means that you should not co-sign loans, etc. for others because you are then on the hook for others choices. + +**Own thy home**. Owning a home and building equity in it is better than renting. This is largely still true today though one needs to be careful depending on the area you live. Any home you purchase should be affordable, and the home is not an ATM against which to borrow lightly. + +**Insure a future income**. Set aside money for your retirement. If your company offers a 401K plan with a company match, contribute and make sure that you get as much of the company match as possible (it's free money to you). Be conservative in your retirement investments as well. Though you have a longer horizon, don't take risks unknowingly. + +Purchase appropriate insurance for the future: Life insurance, and health insurance coverages to see you through during retirement. Don't assume Medicare or other government coverage will be adequate. + +**Increase thy ability to earn**. Do better at work and secure greater wages. The book has a quote: "The man who seeks to learn more of his craft shall be richly rewarded." Seek out and get mentors who are people like you who have done better than you and who you respect. Ask them for their advice and plan your career accordingly. + +Also, see if your hobbies can pay off. Today with the Internet many things are possible for people who are good at something - photography, graphic arts, website building, etc. You may be able to generate additional income doing something you love. + +Good luck! +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 +After a five year posting hiatus, I'm back with the 2020 update. Previous thread for context: [https://www.reddit.com/r/financialindependence/comments/3xtxz2/tax\_planning\_spreadsheet/](https://www.reddit.com/r/financialindependence/comments/3xtxz2/tax_planning_spreadsheet/) + +***Limitations:*** + +* It is build with my personal situation in mind (single filer, state of Ohio, doesn't take into account deductions/income that I do not have) but it can be easily tweaked to match your individual situation +* There may be errors or bugs in how things are calculated even though I tested it for several years of data +* I've neglected the student loan interest calculation (so it not working properly) since I'm long past having used it +* I need to work out a better calculation for when backdoor rothing is suggested + +[Link to spreadsheet](https://docs.google.com/spreadsheets/d/1RIt5ydgSqfdU3guAGFJArAprG79muWIXenB3Wm_0zJY/edit#gid=1728117616) +Seeking some advice from the good folks of Aus finance, I am looking at a new car for my wife and I feel like the leasing company is taking me for a ride. When they provided the quote I did the sums and essentially the repayments plus the residual amount to purchase the vehicle at the end of the least work out to just under 140% of the cost of the vehicle. A quick search on finder shows that I as a retail lender can get a comparison rate of 4.28% and the average is around 7.8% with only one of the 16 lenders I checked offering a rate of 10% or higher. When I spoke with the leasing company they suggested that the tax benefits offset the higher interest rate. I told the consultant 'sure they do, but the tax offset it meant to go to the lessee, not to whichever finance company you are using' the consultant just continued to insist that was the best they could do on a novated lease. My long winded question is - am I right to be outraged at this? The novated lease is a a fringe benefit that my employer intends to benefit their staff and instead a large slice of that benefit goes to some greedy and uncompetitive finance company? And what can I do about this? The consultant sent me some paperwork, I am tempted to send them back a screenshot of the finance rates I found but don't feel this will get me anywhere - I doubt it is illegal to do a crumby job of sourcing finance but shouldn't a leasing company have some obligation to source competitive services for their customers? Any help is appreciated. +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +So I opened a TD investing account with some money to mess around with ($300) I jumped on some hype trains and I am down $100. Now I am starting to look at properly investing, I have been reading the posts about penny stocks and think that is where I would like to try. + +I saw a few people post some in here but when I go to search them in my banks buying interface a lot of the names dont come up or are different for example ICNAF (Icanic Brands) is listed differently as ICAN CA. Is there a reason for that? + +I also get this message when I try to purchase some stocks "the market selected is not eligible for market or stop market orders" + +&#x200B; + +edit after I read the rules :) + +Thanks +The CSE has been on a continuous downtrend since February of 2021, with no end in sight to how low it will trend. It has gone from its peak of 1,030 down to 445 (over 50% decline). Any ideas / thoughts on when we may see a reversal? Seems like all the other exchanges saw massive gains in 2021 and we didn't, and then when the main markets went red this month, the CSE suffered further. +Hi all, I've been pondering a question that I thought I'd put out to the crowd here. + +Let's say I purchase $1 worth of Bitcoin today, and eventually at some point in the future it grows in value to be worth $5. If I use that BTC equivalent of $5 to directly purchase a product/service from a business that accepts BTC payments, does that mean I don't have to pay Capital Gains tax on $4? + +EDIT: Thanks all, I have the answer to my question. But there has been some good discussion here that hopefully can benefit others. + +Just one point of clarification: In my question's example scenario, I am not selling the BTC at all, just trading $5 worth of BTC for goods. And I understand now that the appreciation I experienced of $4 is a taxable capital gain once I cash it in for USD or use the BTC to barter for goods/services. +It is funny an even ironic to see Banks warning about crypto. Just yesterday the bank of England warned that crypto could become 'worthless'. Banks are freaking out seeing money goes from under their control to exchanges which they can't manipulate. The less assets they have under control, the less power they have. + +Crypto is a danger for their existence and they know it! It is the same thing when FAX companies would warn about emails and their dangers when they noticed that it is taking their market share. + +Banks are not stupid, they have a lot of smart people working there. They know that their future is not certain anymore with so many people wanting decentralized finance and seeing the adoption grows massively. It has become quite clear, either join and adapt blockchain technology or get lost behind! +Would you tell everyone how much money you have in your bank account? Wouldl you tell folks on social media that you just bought $20k worth of stuff to brag? Stop doing this for the upvotes. + +Come on guys, what the hell is going on in this Sub? + +RULE NUMBER ONE: + +NOT YOUR KEYS NOT YOUR COINS + +RULE NUMBER TWO: + +DO NO TELL ANYONE YOU HAVE BITCOIN! + +Look at the end of the day, all of us here are excited for you to realized all the good and wonderful things Bitcoin can bring to help you out. + +I think if you have 1btc or more, you have basically won the SLOW LOTTERY. It might not be wealth and riches now, but it will be soon. + +Read this, it's what happens when you win the lottery and all the consequences that come with it. +https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb38xf/ + +Guys, friends, whole and part coiners, calm ur tits. +As the title says, I don't think I'll live past 45. I have a medical issue that puts my life expectancy between 35-45 years. I have the disorder worse than others, so I'm not being pessimistic, just realistic. + +I don't know much about this stuff, but my understanding is that you can't touch your retirement funds until you're at least 61. I'm currently 18. + +Is there anything I should know/do? + +EDIT: Thanks for all the feedback, suggestions, and moderation; you guys are a great bunch! + +P.S. I intentionally left my medical stuff out of this for anonymity's sake (and mostly so it won't turn up in a google search), but if you want to know, just PM me, and I'd be happy to talk about it. +Bcash is trying to make us adopt the "bitcoin core" moniker which is a tacit surrender of the "bitcoin" name. + +It's a strategic play to lessen the authority of bitcoin by putting it on the same level as the also-ran alts who adopted the bitcoin xxxx naming convention. + +bitcoin is bitcoin. + +edit: Well, that escalated quickly, I learnt some new stuff (great community) & thanks for the gold kind stranger! Remember, perception is reality. +I don't know if this is where it goes but for the next 2 years diapers and feminine hygiene products are not subject to sales tax on California. If you do get taxed go ask for a refund. + +Under the new law, also known as Senate Bill 92, the sale and use of "diapers for infants, toddlers, and children, and menstrual hygiene products, defined as tampons, specified sanitary napkins, menstrual sponges, and menstrual cups" are now exempt from sales taxes as well as use taxes +I had been hoping to be able to post in tomorrow's Monday milestone thread after hitting a big one, but sadly I missed it by inches on Friday... + +[Mint screenshot](http://imgur.com/a/ZoFXd) + +Nevertheless, I guess I could still say I'm there. $1.5M was always the spot where I felt I could reasonably consider hitting the brakes. My spending is consistently around $35K a year, but I figure that my retirement life will add as much as another $25K to that to account for: + +* more travel +* health insurance +* higher rent/mortgage (my $850/mo mortgage is low for my area) +* new cars (I've driven a beater for a really long time) +* taxes, which aren't included in my current spending estimate + +So there you have it. Even if I spend the expected maximum in each of those areas, I'm sitting at $60k/year, or exactly 4% SWR. + +And yet, now that I'm here, I can't imagine hitting the brakes. I'm 37 years old. I've been feeling stagnant in my current position for a while and have been strategically applying for higher-level roles both inside and outside my current company for the last few months -- none of which have panned out yet. I'm finishing a second masters degree this year. Ambition is a part of who I am, even if I'll never be CEO of a company. + +Particularly for those of you who have already gone through the transition, but also for those on your way: How did you change the focus of your life so drastically? I've never actually thought I'd stop entirely once I got below 4%, but it won't be long until my proposed spending represents 3.5%, then 3.33%, and so on... + +I could just increase my spending, but I've never found material things to be very important, which is a big part of how I got here at a relatively young age. I'd be lying if I didn't admit that work is a big part of how I define myself and my contribution to the world. I also happen to be paid well, with a pretty low stress position. It's hard to walk away from that. + +Does it make sense to just keep coasting and collecting a paycheck? Keep pushing for more responsibility and higher pay, even though I clearly don't need it? + +This is more of a rhetorical question, and I don't expect that anyone's really going to be able to solve my first-world problem. It's helpful just to write it out and share with the therapy group. If you have thoughts on how you have or plan to make a similar transition, I'm really curious to hear it. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Stop fucking around with these government power grabs, whether you're in the US, the UK, Aus, NZ or Canada, tell those leeching fucks in the capital to get the fuck out your business, they are obsolete and have no actual authority of your finances. + +Financial privacy is a human right. +I know that you've been waiting for a long time for us to govern over the chaotic Linux distribution scene. + +As we are also regulating Bitcoin, and in the end Bitcoin is just some code being executed, we extended our BitLicense and adapted it to normal Linux usage; focusing on the different distributions that may want to use Linux or already use it. + +Here's a TL;DR, based on the insights from an [user on another thread]: + +* 45 days for existing businesses to comply with the new regulations and register with the state. +* Background check required for all linux distributors/users. +* Fingerprints of all users of Linux submitted to FBI. +* Creating a new distro that may be used by a NY citizen requires to register as a company within New York State. +* Requires written approval of all new patches to any package, also approval before releasing minor and major versions. +* Requires that you keep 10 years of records of downloads and versions of the packages that your users have. +* Servers that distribute Linux versions can ONLY serve such programs from within a Windows Server. No mirrors, load balancers, or any website or webapp may be hosted in a Linux box. +* Mandatory reviews every 2 years: number of users, active downloads, updates, number of patches applied per package, policies to approve/dismiss a patch. +* Typical AML/KYC requirements: Distributions must retain information about users' physical addresses, name, valid government ID. +* Cybersecurity requirement: requires security officer, security plan, audits, backup plan. Things like heartbleed will not happen again, because we say so. +* In marketing/advertising, you must include "Licensed to utilize a Open Source Operating System by the New York State Department of WTF". +* Must disclose a long list of material risks with dealing with open source operating systems: e.g., "no warranties provided, no government backing" + +[user on another thread]: http://www.reddit.com/r/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizzoyn +An Airbnb host appeared on my fyp, breaking down how his properties performed in August. I copied the numbers so you can +check it below. I can't wrap my head around +managing 6 properties with no property +manager. But I guess he prefers that than a 9-5 job. What do you think? + +Airbnb Property #1 +Nashville, TN +Capacity: 8 people + +Revenue: $14,493 +Mortgage: $3,729 +Expenses: $3,149 +Cash Flow: $8,065 + +Airbnb Property #2 +Nashville, TN +Capacity: 12 people + +Revenue: $15,248 +Mortgage: $3,040 +Expenses: $6,547 +Cash Flow: $5,661 + +Airbnb Property #3 +Gatlinburg, TN +Capacity: 16 people + +Revenue: $8,569 +Mortgage: $4,109 +Expenses: $3,169 +Cash Flow: $1,291 + +Airbnb Property #4 +Gatlinburg, TN +Capacity: 12 people + +Revenue: $18,823 +Mortgage: $5,190 +Expenses: $3,953 +Cash Flow: $9,680/2 because he split it with another investor = $4840 + +Airbnb Property #5 +Fort Lauderdale, FL +Capacity: 10 people + +Revenue: $18,743 +Mortgage: $4,033 +Expenses: $2,097 +Cash Flow: $12,613 + +Airbnb Property #6 +Fort Lauderdale, FL +Capacity: 10 people + +Revenue: $12,710 +Mortgage: $8,353 +Expenses: $1,749 +Cash Flow: $2,608 + +Total Revenue: $88,586 +Total Cash Flow (excluding half from #4): $35,078 +Saw a way to search 2023 fair market rate rents per city and sometimes zip code. Can I expect this by all section 8 applicants or do some get less? Is it a good idea to get cheap sub 80k single family homes with <50k rehab that are in zip codes that can bring in close to 2k/mo according to hud? Examples: Pittsburgh pa, Albany NY. + +On paper these returns seem ridiculous so I'm trying to find the catch here. +I live in a college town, DeLand, FL and currently own my own home outright, I have no home, vehicle, education or any other loans out in my name. I am looking for someway to use my money to help me make money and am interested in Real Estate investment. I have $80,000 to spend but I feel like the more I read and look the more confused I become as I am just flooded with multiple opinions and I am not sure which direction to go. I could look into condos or apartments near Disney or the beach for AirBnB and have a management company care for them, or find a multiple unit home near myself for longer term renting. If you were starting out in your mid-30s with $80,000, how would you begin investing? +I am a fairly new agent and I joined the office of an agent that I previously used to buy my rental property. We kept in contact after the sale and she knew I had my license and referred me to the office she was at. + +Im currently on the market for my 2nd rental property. I reached out to the office secretary asking if they offer mentorship and she said no but she would connect me to the sales manager to assist me. So now Im wondering why wouldn't a broker offer mentorship to new agents? The way I see it is if I win, we all win. He gets a percentage of the sale without technically doing anything right? Why wouldn't you want your agents to be on top of their game? Im genuinely asking, I dont mean to offend anyone if so. +Off topic, but the sales manager helped me draw up the offer, they finally accepted it and now I need to move forward. Should I offer him cash/ a percentage for him assisting me? What's the honorable thing to do? +Got an email today from a wholesaler. Nice enough property, selling it for $169k 3/2, 1800 sq ft, with a garage. Their rehab estimate was $35k. The ARV in the email was $225k! There's no margin there. You'll lose money. + +Even worse was the one comp they sent. It sold for $225k, and was a block or two away. Except it was a 4/2, with 2300 sq ft! +Edit: title should be “moat” + +Anyone own shop? + +I don’t get how this stock trades at 70x sales. It just blew away earnings (100% rev yoy) and is again up huge. Stock has run from 300+ to 1100+ since March. + +But this platform is just a website builder with a shopping cart. Small merchants sign up for a monthly sub fee and use their website template to build their online store. + +How is this different from wix or any other website builder? If Wordpress adds a shopping cart, it would compete against shop. An engineer could literally develop a competing platform in a week. + +So where’s the moat? What’s to stop Amzn from offering a similar service for free? FB has already launched a shop feature. + +Head scratcher on this stock. +I'm single with 3 great kids. I have two daughters ( 12 & 5) and a son ( 7 ). Financially I'm living paycheck to paycheck with my job paying me $10.00 an hour. I'm separated from my husband and he does help out some but most of my money goes towards basic needs. Then of course with no savings I'm in an even deeper mess with an expensive car repair last week. I start school in January so in the future my kids and I won't have to struggle so much. It saddens me to know without help from my grandparents we would probably be homeless. + +That being said..of course my kids have made their lists. I shield them from a lot of our struggles. At this point I'm worried I won't be able to get them much at all so knowing they have lists I can't afford is heartbreaking. (The lists aren't outrageous either.) I know Christmas is more than presents but I also remember being a kid excited about what I'd get Christmas morning. + +What I'm hoping for is some advice on things I can do to help my situation? Maybe some organizations I haven't heard of? Just anything I'm pretty desperate. Thank you for even reading this! + +Edit: I don't know if this is needed but I live in South Carolina. Figured it might help when it comes to organizations and help. +Title basically describes the situation. I had an urgent care visit last April and a $125 bill. To my knowledge I never received a bill from the clinic, and I assumed it was fully covered by insurance / forgot about it. As a rule I pay my healthcare costs through my HSA whenever I receive a bill. + +Fast forward to the other day and a collections appears on my credit report from Nationwide Collections for $125. It states it was from the clinic, and after following up with my insurance provider I confirmed the charge was indeed legitimate. + +My score which was around 800 is now at 710 because of this. + +I have absolutely no issue paying this but I don’t want this collections docking my score 80 points for the next 7 years. Based on initial research I might want to offer a pay-for-delete agreement, or send them a validation letter request. Anyone with experience in this or suggestions? + +FWIW, I think it’s silly and regrettable that the healthcare organization didn’t attempt to contact me, and just sent this to collections. They’re part of a major organization undergoing a big merger so maybe they sent all their debt to collections. Neither here nor there though I guess. +Hi everyone, + +I have 3 job grad offers that I need to consider. + +ATO – taxation +ASIC – finance +Department of Finance – general + +I am an accounting and finance graduate. I am really unsure on which one to go for. If anyone has any information / thoughts / best exit opportunities / which is more highly regarded / valuable experience that could help me in making a decision, that would be great! +So probably the most unluckiest of situations happened to me yesterday. I just leased a new Hyundai Elantra 2021 and on the way from driving it home from the dealership I was rear ended on the freeway and was pushed into the car in front of me. Needless to say both the trunk and front were completely totaled. I'm unsure what happens from here though. I paid $4k down (including first month payment) and I have GAP insurance. My dealership told me to get the check my insurance and to proceed from there. I was wondering how much money I'd likely end up losing after insurance check and GAP insurance kicks in. +Hi Reddit! + +I’ve been doing serious investing for the past three months, and I like most parts of it. However, I’m having difficulty keeping up with the never-ending amount of financial reports. I have over 20 reports on my reading list! + +I have been exploring ways to efficiently squeeze the juice from these reports. This [blog](https://www.investopedia.com/articles/basics/10/efficiently-read-annual-report.asp) has helped me look for crucial info a little bit. + +I also recently came across [Gander](https://ganderai.com/), which claims to provide AI-based question answering on financial reports. Although they seem to only support specific documents currently. + +Other than that, I’ve been using apps like screeners to short-list companies worth diving deeper into. But the challenge of reading a mountain of documents remains. + +Is it just me or do you also face similar problems? What tools do you use to overcome it? Any comments or suggestions would be much appreciated. + +Thanks! +Request has gained more partnerships than most people realize. Some of them are very interesting collaborations that will yield huge changes to the project - namely their partnership with Kyber (directly advised by Vitalik Buterin) which will see the Request team moving to Kyber offices in Singapore for Q1 2018 to work closely with them. + +Request Partnerships, Clients, and Ties: + +- Kyber Network, https://kyber.network: https://blog.kyber.network/kyber-network-partners-with-request-network-to-benefit-consumers-and-merchants-618524b271bd + +- Fund Request, https://fundrequest.io: https://blog.fundrequest.io/request-network-fundrequest-39ccb610911f + +- 0x Project, https://0xproject.com: https://blog.request.network/blockchain-bricks-request-is-built-upon-0x-civic-and-aragon-3aaf68390221 + +- Aragon, https://aragon.one + +- Civic, https://www.civic.com + +- Filecoin, https://filecoin.io: Request does not have a partnership with Filecoin but will instead be utilizing Filecoin in the Request Network ecosystem. + +- Bee Network, https://www.beetoken.com: https://medium.com/@thebeetoken/request-network-x-bee-token-partnership-announcement-2f077348a2fb + +- iExec RLC, https://iex.ec: https://iex.ec/news/request/ + +- Delta App, https://getdelta.io: Delta is crypto portfolio app that is quickly overtaking Blockfolio in popularity. Their CEO stated they are likely going to use Request to accept payments in the app and have been in talks with Request team. + +- Iconomi, https://www.iconomi.net: REQ is an asset that has been listed by Iconomi DAA, read more here - https://medium.com/iconominet/new-digital-assets-on-the-block-five-new-digital-assets-for-daa-managers-to-choose-from-83e165217986, https://www.reddit.com/r/RequestNetwork/comments/7n3obe/solidum_prime_sopr_first_iconomi_daa_to_add/ + +- Quantstamp, https://quantstamp.com: Request Network was audited by Quantstamp https://medium.com/quantstamp/request-network-token-sale-smart-contract-security-audit-summary-ca6828bd3c5f + +- Chainlink https://www.smartcontract.com/link: Request mentioned Chainlink as a potential partner in the future https://blog.request.network/request-network-project-update-november-10th-2017-a57193780ddf + +Request Network supporters/investors + +- YCombinator http://www.ycombinator.com: Infamous startup incubator that helped establish AirBnB, Stripe, Reddit, and others. Early supporters of Request Network. They own a share of ICO tokens. + +- 1kx Blockchain Angel Fund: 1kx is a secretive blockchain angel fund that advises Request and was an early contributor to the ICO. 1kx partners founded 2 technology companies and have been involved with DLTs since the beginning of Ethereum. 1kx have been spending hours supporting Request by making introductions to people from the industry and feedback about tokenization token economics. + +**Request Network will post a project update to their blog this Friday, Jan. 6th: https://blog.request.network** +It amazes me how people mindlessly give out to FOMO. + +I mainly notice it with shitcoins, perhaps due to the narrow window of opportunity and zero purpose other than finding a grater fool. + +So shitcoin shills advertise and lure new buyers with slogans like "Already 100x up!" or "Turned $100 into 1M or something" And then there's videos of "investors" flexing chunks of cash. + +What surprises me the most is how on earth does that even work??? + +With a little bit of logic — you're already too late when it just did a 100x or 10,000x and early investors are taking profits (and flexing them too). **They literally tell you to please be the chump to dump their bags on.** + +Someone says they made 1,000x or more on a shitcoin here — and they immediately get questions like "which coin, where buy, pm please". + +If you want it that bad — keep your tabs on it, add it to your bucket list. When we crash again — buy it cheap and hope it revives. But by that time, when it tanks, you probably won't want that much... + +A legit crypto can go ATH after ATH, year after year, and still needs corrections. Shitcoins are all about pump and dump. So beware of FOMO. +&#x200B; + +[EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Twenty-Six - UP +354&#37; ](https://preview.redd.it/ntzhjdz7csn61.png?width=666&format=png&auto=webp&s=94ef781f6d3ab177cbab163b0814c11fae8e0b33) + +***The full blog post with all the tables is*** [***here***](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-26/)***.*** + +Greetings to all and WELCOME to newcomers! This is the monthly report for the 2nd of 4 concurrent homemade Top Ten Crypto Index Funds, the Class of 2019. + +**MOONS GIVEAWAY**: ***80*** ***Moons to the first person to name the artist and title of the hidden song in this post. That's worth about $5 (80\*.062) at the moment, just enough to treat yourself to a*** [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) ***special membership!*** + +**A very long tl;dr:** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over three often very panful years. Did the same in 2019, 2020, and 2021. ***Learn more about the history, rules, and FAQs of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* **Top Performers of February** \- **BTC** and **Tron.** +* **Overall since Jan. 2019** \- **BTC** takes back lead from **ETH,** *both are up quadruple digits since Jan. 2019!* 2019 portfolio up +354% (vs. S&P's +56%), every coin in the green, **XRP** worst performing. +* **2018+2019+2020+2021 Combined Top Ten Portfolios are returning 247% compared to +32% return of S&P** + +## Month Twenty Six – UP 354%   + +[2019 Top Ten - now second place behind the 2020 Portfolio](https://preview.redd.it/6g27cnb2hsn61.png?width=1145&format=png&auto=webp&s=4b53b26d18b5cc46962edea4027125fb0fed9899) + +Although it is no longer the best performing of the four [Top Ten Crypto Index Fund Experiments](https://toptencryptoindexfund.com/), the 2019 Top Ten had a very strong February and its second straight all green month.  **BTC** and **Tron** led the way and the portfolio as a whole increased from +260% to +354% in just one month.   + +## February Ranking, Movement Report, and Dropouts + +For the second straight month, the only crypto that managed to gain ground was **Stellar**, up one position from #10 to #11.   + +The rest of the field lost ground in the rankings: + +* Bitcoin Cash – down one place (#10→#11, and out of the Top Ten) +* Tether – down two places (#3→#5) +* XRP – down three places (#4→#7) +* Tron – down three places (#21→#24) +* EOS – down four places (#18→#22) +* BSV – down six places (#17→#23) + +[2019 Ranking as of Feb 2021. BSV dropping quickly, XLM back in the Top Ten](https://preview.redd.it/xh7pb0g5hsn61.png?width=367&format=png&auto=webp&s=345e4b3bc0a6b7366956f8f1ca6ad0d0c10c739a) + +**Top Ten dropouts since January 2019:** After twenty-six months of the 2019 Top Ten Experiment 40% of the cryptos that [started in the Top Ten](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/) have dropped out.  **EOS**, **Bitcoin Cash, BSV,** and **Tron** have been replaced by **Binance Coin, Chainlink, Cardano,** and **Polkadot.** + +And this month **BSV** and **EOS** joined **Tron** as the only 2019 Top Ten cryptos that have dropped out of the Top *Twenty*.  + +## February Winners and Losers + +***February Winners*** – **BTC** (+46%) and **Tron** (+44%) were the 2019 Top Ten Portfolio’s best performers this month followed by another strong showing by **XLM** (+32%).      + +***February Losers*** – Always a good sign for the 2019 portfolio when **Tether** is the worst performer.  After **USDT** came **BSV** with only a +3% gain this month.   + +## Tally of Monthly Winners and Losers + +Which crypto holds the most wins or losses over the life of the project?  Here’s a snapshot of the winners and losers over the first twenty-six months of the 2019 Top Ten Experiment: + +[2019 Top Ten Ws and Ls](https://preview.redd.it/epyd7svihsn61.png?width=374&format=png&auto=webp&s=5dbda946fbd680cd9917bdfde5d268e0c72ee8fa) + +**Tether** has the greatest number of monthly victories (7) followed by **BTC** with five. This tells us 27% of the time (i.e. seven times out of twenty six months) every crypto in the 2019 Top Ten Portfolio has finished the month in the red.    + +**BSV**, although up +93% since January 2019, leads the loss column with nine losses out of the twenty six months of the 2019 Experiment (i.e. **BitcoinSV** has lost 35% of the time).  **BTC** and **EOS** are the only two cryptos without a monthly loss compared to their 2019 Top Ten peers. + +## Overall Update – BTC takes lead from ETH. BTC and ETH both up over 1000%.  2019 Top Ten is up +354%. All cryptos in green, XRP in last place. + +Thanks to its first place showing in February, **BTC (**\+1195%) has overtaken **ETH** (+1025%) for the lead in the 2019 Top Ten Experiment. The performance of both cryptos this month has helped the 2019 Top Ten Portfolio reach another milestone: the first two cryptos to be up more than +1000% since [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/).   + +The initial $100 investment into first place **Bitcoin**? Currently worth $1,320. + +After twenty six months 100% of the cryptos in the 2019 Top Ten Portfolio are either flat or in positive territory. Not counting **Tether**, the worst performing crypto is **XRP’s** \+23% gain. + +Although the 2019 Top Ten Portfolio is up an impressive +354%, it has lost Best Performing Top Ten Index Fund Experiment bragging rights to the 2020 Top Ten Portfolio’s [\+426% gain](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-14). + +## Total Market Cap for the Entire Cryptocurrency Sector: + +[Total crypto market cap up a massive 773&#37; since Jan 2019](https://preview.redd.it/90d56v6ohsn61.png?width=850&format=png&auto=webp&s=a045dc2d818fe74863afccbd616624c92e3c287c) + +Since [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/), the total market cap for crypto is up +773%.  + +The total crypto market cap gained nearly half a trillion (with a T) US dollars in February, just one month after finally reaching the $1T milestone. + +For the fifth straight month, the total market cap finishes the month at a record high since the 2019 Experiment began twenty-six months ago. + +## Bitcoin Dominance: + +[BitDom leveling off...for now.](https://preview.redd.it/oargao3uhsn61.png?width=738&format=png&auto=webp&s=de075a5441b25dd732b01e37f2590e7478eaf8b2) + +**BitDom** slipped one percentage point to 61% in February, a non-event in crypto.  If you’re new to the space, **Bitcoin Dominance** is a helpful figure to keep your eye on: a falling **BitDom** percentage means Alt Coins (cryptos other than Bitcoin) are on the rise. + +For context, the table above shows the progression over the last twenty six months with **BTC** domination ranging between 50%-70% since the [beginning of the 2019 Experiment](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/). + +## Overall return on $1,000 investment since January 1st, 2019: + +[2019 Top Ten Portfolio ROI](https://preview.redd.it/vg9ze13yhsn61.png?width=325&format=png&auto=webp&s=e3222a0a225b3ddf0b23f9424dde347038094831) + +Another great month for the 2019 Top Ten Cryptos: they gained almost $1000 in February.  Twenty-six months later the value of the initial $1000 investment is **$4,543**. That makes four straight months of record returns for the 2019 Portfolio. + +Here’s a table summarizing the monthly ROI over the life of the 2019 Top Ten Index Fund experiment: + +[2019 Top Ten ROI Summary](https://preview.redd.it/85i7gkk0isn61.png?width=722&format=png&auto=webp&s=4ebe26f110b1f576808ec35979bacd20edefae7a) + +The 2019 table is the exact opposite of the [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38), which is completely red except for one green month. The first month was the [lowest point](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/) (-9%) with some single digit bumps along the way.  The high point is now.  The previous high point? [Last month](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-25/). The one before that?  [Two months ago.](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-2-year-report/)  You get the picture: it’s been a great run for the 2019 Top Ten in recent months. + +At +354%, the 2019 Top Ten Portfolio has dropped to second best performing [out of the four Experiments](https://toptencryptoindexfund.com/).  First place is the 2020 group of Top Ten Cryptos, up 426%.  Over the years, it’s been a back and forth battle between the 2019 and 2020 Top Ten Portfolios for supremacy, but this month’s breakout performance has given the 2020 group a commanding 72 percentage point lead over the second place 2019 Portfolio. + +## Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios + +Speaking of other Top Ten Portfolios, let’s put them all together now: + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38): up +15% (total value $1,150) +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-26): up +354% (total value $4,543) +* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-14): up +426% (total value $5,264) +* [2021 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-2): up +194% (total value $2,936) + +Taking the four portfolios together, here’s the bottom bottom bottom *bottom* line:  + +**After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,** the combined portfolios are worth **$13,893** ($1,150 + $4,543 + $5,264 + $2,936). + +**That’s up +247%** on the combined portfolios, a record high for the Top Ten Index Fund Experiment project. + +Here’s a table to help visualize the progress of the combined portfolios: + +[ Combined ROI of all four Experiments](https://preview.redd.it/o9puqwf4isn61.png?width=578&format=png&auto=webp&s=5a305918c53d36e8eb8110cd8637c340cd031b68) + +In summary: ***That’s an +247% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for four straight years***. + +## Top Ten Index Approach vs. All-In Approach + +But what if I’d gone all in on only one Top Ten crypto for the past four years? While many projects have come and gone over the life of the experiment, only five cryptos have remained in the Top Ten for all three years: **BTC, ETH, XRP, BCH,** and **LTC.** So let’s take a look at those five: + +[All in on ETH or BTC? Good call so far. ](https://preview.redd.it/ihww9ui8isn61.png?width=981&format=png&auto=webp&s=468abc4aec069cb75e74f1a3722e28332af5903b) + +Since I started tracking this metric, there’s been a bit of a back and forth between **Bitcoin** and **Ethereum.**  This month, for the second time in a row, **ETH** would have given the best return on investment:  **$4,000 into** **Ethereum** in $1k chunks once a year **would now be worth an impressive** **$27,794**. That’s up +826% and a pretty good argument for dollar cost averaging.  + +In second place, going all in on **Bitcoin** with $4,000 USD would have yielded +747%, turning the initial investment into **$25,400.** + +**XRP**, would have been the worst four year all-in bet, with a return of +88%.  But even that is nearly double the return from traditional markets (more on that below). + +And the Top Ten Index Fund approach?   + +As you might expect, as indexes are designed to mitigate risk, the +247% gains of the Top Ten Index Fund approach fall somewhere in between.  The Top Ten strategy isn’t keeping up with **ETH, BTC,** or **LTC**, but it is outperforming a hypothetical all-in investment in both **XRP** and **BCH** by a healthy margin. + +Alright, that’s crypto [madness](https://www.youtube.com/watch?v=Ek0SgwWmF9w) this month. How does crypto markets compare to the stock market? + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets.  The S&P 500 sputtered in January, but gained about 5% in February, reaching yet another all time high. It's up +56% since Jan. 2019. + +The initial $1k investment I put into crypto two years ago would be worth $1,560 had it been redirected to the S&P 500 in January 2019.  + +For traditional markets, +56% in two years is spectacular and well above what investment advisors use as a planning figure (about 8%/year).  + +Yet about *three hundred percentage points behind* the return of the 2019 Top Ten Portfolio over the same time period. + +But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st crypto approach with the S&P 500? It would yield the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1460 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1560 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1210 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1040 today + +Taken together, here’s the bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,270.** + +That is up **+32%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+247%** gain of the combined Top Ten Crypto Experiment Portfolios, a difference of 215% ***in favor of crypto.*** + +You can also compare against five individual coins (**BTC, ETH, XRP, BCH,** and **LTC)** by using the table above if you want, but I’ll save you the scroll: even the lowest performing crypto (**XRP**) is still returning double the S&P over the same time period. + +Here’s a table providing an overview of the four year ROI comparison between a Top Ten Crypto approach and the S&P: + +https://preview.redd.it/sxhuanapisn61.png?width=768&format=png&auto=webp&s=ec5588b4809e40edb2e4cc7d3954591cc340b606 + +The 215% difference is by far the largest gap since I began tracking this metric last year, even with stocks at all time highs. + +## Conclusion: + +Another fantastic month for the 2019 Top Ten Portfolio and for the Combined Experiments, especially when compared to traditional markets.  Although it did lose its front runner status compared to the other Top Ten Experiments, it will be interesting to see if the 2019 Top Ten Cryptos can mount a comeback and regain the lead in the coming months.     + +To both new and long time Experiment followers: thanks so much for reading and for supporting the Top Ten Indexes, I hope you’ve found them 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 tracking the Top Ten cryptos as of [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38) (the OG experiment), [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-14), and most recently, [January 1st, 2021](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-2). + +For those just getting into crypto, I hope these reports can somehow help you see the highs and lows of what might await you on your crypto adventures.  Buckle up, think long term, don’t invest what you can’t afford to lose, and most importantly, enjoy the ride! + +Again, warm welcome to the newcomers to [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/)!!! +NB: have kept in this sub as I am hoping for info on all the different financial implications of this, not just house buying issues. Hope that's ok + +Main issue first: My fiance's sister lives in a different country to us. She wants to buy a house in the UK (for various reasons). She asked me to do it in my name and she would transfer the money for the deposit, and she has a considerable pool of money / stable income to make mortgage payments. I would then transfer the title to her. + +Question: Why is this a bad idea? My gut is screaming no, absolutely not. Would appreciate reasons why this is a bad idea, so when I go back and say no I can back it up. Our relationship is probably going to deteriorate after I do so. + +My person situation FYI: + +* Would be a FTB (and would lose my FTB status if I did this) +* Medium credit - was good but due to chronic illness have been unable to work FT and it has gone down +* Currently a freelancer with good potential to earn again once I am recovered enough (day rate £350-£550). However have been unable to work most of 2021, and earnings have been pretty low for some time. Finances are pretty bleak right now +* Have my own personal debt from studying that should have been paid off easily by now, but with illness and low to no income it hasn't been possible (\~£10k). I am managing minimum payments at the moment. +* Please let me know if you need anymore info. + +&#x200B; + +Apologies in advance for my ignorance. My financial situation isn't great, and I haven't been able to even think buying as I'm trying to focus on shorter term financial hurdles at the moment tbh. + + +Edited to add reason for keeping this in UKPF +I work in legal services and this question has often occurred to me while watching proceedings. Say I hold a substantial portion of my net worth in bitcoin, I lose a civil suit, and the amount I owe in damages exceeds the amount I hold in checking accounts, physical assets, etc. Is there a way I can be forced to turn over my bitcoin? +Lots of posts about people having existential crises or dying of boredom because they no longer have an employer to keep them busy. + +Just thought I'd offer a different perspective. I've been retired for a few years now. I'm loving all the time I get to spend enjoying my hobbies, friends and family. There's still not enough time in the day to do everything I want to do. Work was always a chore for me that I just had to get through in order to get back to my free time. + +I had a tough day climbing a mountain with my parents yesterday, when we got back to their house they made dinner while I made dessert (love that we're all still young enough to do this stuff together). When I got home I was pooped and in bed early last night. Now I'm up early browsing reddit about to play some video games until mid-morning when I'll head off on my bicycle over to visit a friend I haven't seen in a while. There's a really good sandwich shop near his house so I'm looking forward to lunch! + +Playing golf on Tuesday. Playing board games with a friend on Wednesday. Then I've got BBQ's to go to this weekend. + +Life's good. No crisis. No boredom. +&#x200B; + +[watch the fuck out! ](https://preview.redd.it/4m11sj34mxf81.jpg?width=474&format=pjpg&auto=webp&s=f5ef798f234590ea71eaf45848ede98ed110d0da) + +**Everyone** should double and triple check their **Computershare** or shitty ass **Brokers/Dealer's web links** when they get **EMAILS** from them to make sure they're **LEGIT!** I received an email today that appeared to be from **Computershare** saying I had a new statement to view. I hit the **login** link **IN THE EMAIL** but also glanced at the **URL** once it loaded and it looked a bit different. With a tiny dash - \_ or some shit. + +**PLEASE** ALWAYS**!!** Type or copy and paste your known link to these sites directly in your web browser and **not** from your inbox. **FIRES** and **FUCKERY** will absolutely **%100** continue. Our opponents are seeking division from within. It's so easy not to give it to them. Just **do the right thing** because , well, **DOING RIGHT FEELZ GOOD!!** + +drs b the way + +Stay vigilant, but you gotta **HUG** a random stranger or just be **KIND**. Shit's easy.. + +Also, + +**POWER to the FUCKING PLAYERS!!!** +It seems Sketchy as fuck to me, thay all of a sudden the subs are trying incredibly hard to attract new Apes to the fold, and then they're all commenting and receiving an incredibly high number of awards. + +I maybe wrong, but that looks to me like an attempt to work together, and could be the hedgie fucks or shills trying to fuck us again. + +I'd love to know your thoughts. +Hi all, 30M, single, renting in London. + +Currently working as a civil engineer on a salary of £45k after 7 years in the industry. Over the next 10 years I can expect my salary to rise to \~£65-75k but it will level off sharply after that hence am looking for a career change to software engineering. + +I've looked into self teaching and have found a free online course which if I complete would have me job ready in 12-18 months but requires discipline and self teaching over evenings and weekends which is where I have been struggling. I made the decision to switch \~3 months ago but have struggled to put in the required hours due to balancing with work/social life, and being mentally drained after a work day to learn something new, and hence the course is likely to drag out to a few years. I have been thinking of attending one of the software engineering bootcamps but need advice on the financials. + +Currently have £45k in savings, the bootcamp will cost £8,500, require me to quit my job and is 16 weeks long. My monthly outgoings (rent/bills/spending money) are £2k/month, meaning that in total the bootcamp will cost me £16,500. + +The way I see it is that although expensive, by the end of the bootcamp I will be job ready or very nearly job ready, and beginning my new career, with a starting salary of \~£35k (if not higher). Within 2 years I could be earning £50k+, overtaking what took me 7 years in my current industry, and in 5 years I will be much better off. The downside is a decreased salary for the next \~2 years and the risk that I struggle to find a job after the bootcamp, although I will easily be able to get another job in my current industry tide me over in the meantime. + +The alternative is to continue self teaching while keeping my day job, that way I will not be losing out on a monthly income, but will drag out the career switch process which when I eventually switch jobs I will take a pay cut to \~£35k anyway. This is just kicking the can down the road but with slightly more in savings. + +I know many will advise spending so much money on information that can be found for free, but as people say, with the bootcamps you are paying for the structure and accountability (which I am clearly struggling with) and the careers services. + +Just wanted some feedback on whether it's silly to spend 33% of my savings on a career change or am I right in seeing it more as an investment in my future? +[Source](http://www.bloomberg.com/news/articles/2015-08-13/tesla-files-to-sell-2-1-million-shares-to-raise-500-million) At the time of posting this lead to a ~1% increase in the stock price. What's the logic behind that ? I would think an increase in the number of stocks available, the price would go down briefly before correction. +Just trying to get an idea of logically how reliable some of you believe your indicators are. Do they lead to a win significantly higher than 50% of the time when you see it or would you say it’s closer to 50/50? If you see it and maybe it’s weaker than usual do you open a smaller position? Just curious, thanks in advance. +Good Afternoon Apes, + +Sorry for no post last Friday but everyone needs an off day once in awhile. I will dump that data below today's info. First, WHO HAD A GREAT MONDAY? I know I chomped down a couple celebratory crayons at work. Love to see some green always good for the morale. + +There were two large block purchases of DEEP ITM calls today at the same time (3:18pm) out of PHLX (Philadelphia): 400 of the $15 calls with expiration 4/30/21 and 280 of the $5 calls expiring 1/20/23. If these were all purchased (i.e. none were sold) this would amount to a $10,758,800 transaction. + +[GME Biggest Options Trades 4\/26\/21](https://preview.redd.it/ph97ls8golv61.jpg?width=1226&format=pjpg&auto=webp&s=a90447ff3870f29505b4db81bc92a6330bff826b) + +I'm curious if we will see another large wave of these appearing this week and historically some of the largest purchases of these DEEP ITM calls has occurred on Wednesdays and Fridays. It will be interesting to see how things shape up this week and my TITS ARE JACKED to say the least. + +Here is the data from last Friday as well, as you can see there were no large block purchases of DEEP ITM calls. + +[GME Biggest Options Trades 4\/23\/21](https://preview.redd.it/9jwn28hmplv61.png?width=1227&format=png&auto=webp&s=4f882d6184f45e9344819d47925e9bea4feaa2d9) + +See you all tomorrow if my wife's boyfriend lets me use the computer. + +Edit: Forgot to mention there were some ITM puts bought out of ISE on Friday. Don't really know what to make of these yet but I will continue to monitor the data and see if they reappear. +Hi all! + +I just wanted to give a quick tip for those working on paying off debt. A few weeks ago I got a second job to try to help with paying off my debt. What I have done is calculated what I would make each shift and kind of make a count down to motivate myself. + +Here’s my example. I owe 443 on a credit card. I make 14/hr at my second job. After taking out the cost of gas and everything else that gets taken out I get $88 per shift. Now I would only have to pick up 5 shifts to pay off almost the whole credit card! To me this is really motivating because that is doable. + +Now I know this may not be as helpful for bigger debts. I calculated all my debt in shifts and was mortified but the small victory of paying of this credit card is a start! + +I hope this helps someone 😊 +Moons have changed this sub. For the better or the worse, that is up to discussion. + +I want to talk about the flaws of moons. Their psychological effect. Every I’ve seen in new has had 40+ comments in 30 minutes, but all the posts I make rarely have 15+ upvotes. Not upvoting a post makes almost zero effect, in fact in a post I’d seen before analysing karma and moons, not upvoting 1000 posts will only increase the number f moons you receive 0.17% more moons, that’s 100.17 moons instead of 100. But people don’t care that they barely change anything, they are greedy, and moons have magnified these issues 1000 fold. + +Edit: this post has been live 3 minutes. It already has 11 comments but 1 upvote. This just further proves my statement +Firs off, i would like the begin by saying that i have been doing this almost 4 months so any constructive criticism is appreciated, i see it at an opportunity to learn. With that being said, enjoy my book 🤣. + +Personally, a recession has seemed unavoidable based on the Feds decisions and the economic data supporting those decisions. Now we are beginning to understand the magnitude of repercussions that will follow while the Feds attempt to tame inflation. + +During the Fed meeting today we heard from representatives for some of the different business sectors, wholesale, transportation, etc. As of todays meeting, we no longer have to speculate if we will see a recession. Businesses expressed hardships revolving around wages, supply/demand (be that too much or too little supply/demand), overhead costs, “significant” decline in profits, environmental concerns that have negatively affected different crops, and one i didn’t expect to hear, mismanagement of PPP funds. + +There was little spoken by the Feds though they did have some key comments and questions. First off Powell began by reiterating that they have been very transparent with their stance on inflation. In addition to that, at one point when the reps had neared the end of their comments and concerns, a Fed member asked one of them if they had anything that they could help them with, implying none of these problems being presented are their priority. I believe this is key because it says that everything they’re saying is stuff they already understand to be a consequence of the fight on inflation. It’s not the Feds fault a business grew too fast, it’s not their fault that a business has failing practices, it’s not their fault businesses mismanaged their PPP loans. At another point Powell had asked one of the reps if these additional expenses are going to be passed onto the consumer. When companies choose profit margins over stability for consumers, that’s an issue. Companies need to eat some of these expenses, some companies will have prepared better than others however that’s just how this works. As Powell said before “jobs will be lost, households will suffer”. The train is full speed and not set to stop in the near future. Add in foreign tensions on-top of this and we could be in for a very bumpy ride down, especially considering Putin doesn’t seem to be changing his mind anytime soon. + +If you made it this far then thanks for taking the time to read this long ass book 😂, look forward to any comments and questions. +The mod team has had a growing number of reports about people being solicited to get involved with investments, to donate funds to people in desperate situations, to share or receive referral codes, and so on, via PM. + +At it's core, this is an unfortunate side effect of Reddit's open design, and the mods have no control over PMs, but letting us know allows us to monitor how bad the problem is, and at least ban the accounts from posting on the sub (though this doesn't stop them scumming it for details). + +The most impactful action will be to report the message to the Reddit admins. You can do this by hitting the "report" button next to the message. + +Hopefully it goes without saying that **you should not act on any unsolicited PM from Reddit**! No matter how persuasive the message is, or what credibility it claims to have. None of the moderators, nor the subreddit, endorses any such activity (and neither would any legitimate personal finance provider). + +Thanks! + + +Basically, I am incredibly frugal and have never had money. I am a 23 year old male living in Indiana. After my parents divorced (dad was physically abusive to my mom and us), my stay-at-home mom had to raise us herself. Constantly battling for child support, applying for food stamps and whatnot I have learned to grow up with the bare minimum. I am now extremely frugal and still wear stuff from high school. I have an old phone and no credit card. + +I received 21st Century Scholars due to good grades and poor circumstances so I have no college debt. A 2003 Toyota Highlander with 290,000 miles. $4,000 to my name. That's pretty much it. + +I was recently hired as a scientist and received a salary of $72,000 plus a guaranteed bonus of 5% my salary each quarter ($14,400 annually). I signed up for the company health, dental and life insurance and pay a total premium of $60 monthly. I decided to contribute 4% to a 401k (company matches 4%). + +As I said before, I don't have a credit card because my mom said they just cause debt (she did a Dave Ramsey program to help her combat her debt). I paid deposits for my utilities. I own my car but pay car insurance. + +My monthly costs are (all utilities and rent are split with my girlfriend so that's why costs are low): + +Phone ($45) +Car insurance ($77) +Internet ($37.50) +Electric ($50) +Rent ($500) +Gas ($100) (I live 2 min from work, haven't driven as much during the pandemic) +Food ($200) +Misc. ($300) + +I don't know what to do with the rest of my money or how I should budget better or differently. This budget was based on a previous job where I didn't have really any money left over. This is the first time I have really ever had money... my mom is no help for advice and I am afraid of sharing my finances because my family is incredibly poor and I want to help where I can but I don't want to be viewed as a family ATM. + +Should I put money in savings? Stocks? Should I budget more for fun and clothes and whatnot? I really don't buy anything for myself. I don't know what people normally spend on themselves each month. How much do you guys allow for yourselves each month? + +Right now I just plan on dumping all my extra money each month in a savings account. I don't really know when to buy a new car or a house in the future. I am so afraid of debt that I want to have all the money to buy a car right away. Probably a used car too. + +Any advice? Thank you everyone. + +TL;DR Get my first paycheck on the 20th at a new job that is paying me more money than I know what to do with after having grown up very poor. I don't know how to invest or how I should save it or even how much is reasonable to just spend on me. +I know its fun to "forget your password" or "what's an exit strategy?" but you need to log in to your account once in a while to maintain it. + +We are now over a year from the initial DRS surge. make sure you log in to your account every few months so you don't get locked out. + +This is based solely on other comments I've seen around superstonk whenever someone says they lost their password on purpose, but I'd rather not risk it personally. so just take a few seconds to log in, and move on with your day. + +cheers! buy hold drs! +Hi all, I’m looking to buy low and don’t mind holding for a while. Does anyone have suggestions for stocks worth investing that haven’t yet recovered from the pandemic? For example, if a stock was $20 before the pandemic dropped to $12 and is now sitting at $15. I’m trying to get that $5 discount. Not trying to jump into over hyped stocks. + +Edit: Wow thanks for the award! I’m just a broke kid tryna make a dollar out of fifteen cents. + +Edit x2: Thanks for the awards friends! This is a beautiful community! ❤️ +My job place is creating a new category of employment in which: Employees who were not eligible for overtime, now are. We will remain salaried, and on the same pay schedule. Vacation, sick time, disability benefits will extended. + +What pitfalls should I look out for or be asking about? I'm really nervous about this. +&#x200B; + +Some of you may be tempted to go along with this last minute backstab by Portman and Warner where they completely remove protection for anyone in the space who is not a PoW miner or provider of software and hardware to secure private keys. + +You need to understand that the future of this industry is DeFi layer 2, whether that is on Bitcoin or something else. It is going to be a combination of layer 2 defi and lightning technology. There is a very clear ethos of censorship resistance for the most disenfranchised built into smart contract based systems, just as with bitcoin. + +I struggle to make this argument to bitcoiners because of ignorance about how US law works. Ignorance specifically concerning the Patriot act, Facta, The banking secrecy act, Fatf, SEC laws, and CFTC laws. Rest assured, they can and will carry these laws forward to use against any lightning application or DeFi product based on native bitcoin, any business operator or coder or facilitator of such technology, anywhere in the world, no matter citizenship can and will be federally prosecuted and extradited. If they find you they will extradite you. No one is safe. + +This is a direct ban on DeFi. On smart contracts in general on permissionless systems, to ensure that the only smart contracts offered are on permissioned systems they have backdoors to, full patent control over. I.,e banks controlling them as de facto censorable Centralized Exchanges. + +Do you want to live in a world with no DeFi? Do you only want centralized exchanges and the absolute guaranteed censorship on the global south that that entails? + +You cannot collect KYC on smart contract. They know this. They know it is impossible, and that it turns non compliant non us citizen into felony offenders. They will come for you. How do you think they intimidated Binance and Bitmex? How do you think they caught Mcafee? It is impossible for a normal smart contract to ban US citizens. Backends can't censor people. + +This means it is illegal by default. *No one in the world can safely operate DeFi without KYC if this bill passes.* + +*No one in the world can safely operate DeFi without KYC if this bill passes.* + +*No one in the world can safely operate DeFi without KYC if this bill passes.* + +Once that passes, then they will pass ESG laws to censor miners and run them out of the country. They're trying to pick us off one by one. + +C A LL your Senator. Tell everyone, explain to your friends, get the message out. This is them using a hydrogen bomb on us with no time, input, or constructive nuance. It is totalitarian, poorly worded, and incoherent and shows the Whitehouse clearly doesn't know wtf they're talking about and the Treasury doesn't care if they ban technology to the point of strangling it in the crib despite knowing it will lose more tax then it collects. +From this article: https://www.madfientist.com/how-to-access-retirement-funds-early/ + +So, for those who don't know, if your try to take money out of your 401k before the age of 59 1/2 you will get hit with a 10% fee. Because of this, a lot of people tend to focus on paying into their roth ira or other taxable accounts to avoid the fee due to early retirement. According to the article mentioned, the optimal solution would to focus on maximizing on the 401K first before investing in other accounts because the 72 (t) SEPP allows for higher gains over time. You can do the rollover too, but without worrying about the 5 year stipulation. + +Is this right? Any flaws with the authors reasoning? Could there be other scenarios where this wouldn't work? +I noticed Citi (and likely others as well) have significant interest rate reductions at the 500K+ (3/8th %) and 1M+ (1/2%) mark. Currently most of my NW is in property and a pair of 401Ks. Any downside risk to moving all the assets in my 401Ks to IRAs for the window of time around closing a refi? Both our corporate accounts allow roll-ins so I can move the funds back later. Looks like the money just needs to be there about a week in advance though close and then maintain some minimum sum in a deposit account for making the payments after close. Have others done similar account migrations for banking relationship benefits? +Longtime lurker here; created a separate account for confidentiality reasons. + +**Estate Plan:** My much older dad owns a few businesses and, after he dies, he'll pass just about all of his $1B+ in assets to his wife/my mom (there's no tax on spousal transfers). Unless something changes, I'll be a trustee on the account while my mom is alive, taking some salary, and, after my mom's death and assuming the asset value remains the same, I'll inherit something like half a billion dollars after taxes. Hopefully, not for many many decades. + +**About me right now**: I'm somewhere between 30 and 40 years old, not married but have a boyfriend/girlfriend, have a bachelor's and MBA from super-elite universities, live near a major southern U.S. city, and no required expenses (no rent, car payment, etc.). Occasionally, I help my dad with some business or personal asset stuff. I was gifted a couple small rental properties so I gross about $100,000 per year. I always put away at least $30k of the cash into investment but the rest I use for nice dinners, clothes, travel, etc. My NW is very conservatively $3 million: $1.5 in stocks, $0.5 in cash, and $1 million in the properties. + +**So what am I complaining about?** I'm not doing anything that's generating cashflow and I'd strongly prefer not taking a standard full-time job as I've done in the past. I don't want to move because the whole reason I came here was for family. My area has unusually poor FT career opportunities and I don't have family "connections" because the family business isn't located here. Besides, I don't want to work FT because it monopolizes my time: I prefer having multiple irons in the fire *and*, even if I could sneak off to take a phone call for my dad or my own future business interest, I would feel somewhat unethical doing so. + +**Essentially, I want to find a real estate property to acquire + manage, find a small business to buy, or start a business**. I've failed at high-risk/high-reward tech entrepreneurship multiple times before and I've realized I'd rather be involved in a "boring" business with free cash flow and that I control. + +I'm on board with the current estate plan but it means that I can't funnel off $10 million to buy a commercial property until, realistically, I'm in my 60s or older. And I'd like to have my own little empire. I have to give tons of credit to my parents for any success I have had or will have, but I want to "make it" myself. And I don't want to be sitting around with not enough to do! **What would you do in my situation? I'm thinking of investing and actively managing local real estate since that's big here but, like most asset classes, prices are high relative to potential cash flow.** + +**Edit**: P.S: You might be asking, "Is someone with a little bit of wealth now but a huge inheritance around regular (not FIRE) retirement relevant to fatFIRE?" My answer is that it is because, hypothetically, I *could* "retire" soon and rely on my couple properties & trustee salary while I wait for a large inheritance down the road. So in a sense, I'm already fatFIRE. But I bet there are other Redditors here who want the *freedom* *of retirement* (like not being beholden to showing up at a corporate office you're not in charge of) with the *feeling of usefulness* *and* *income generation* of work (hence why I'm not dedicating my life to save starving African babies... that comes later). In other words, I would imagine there are fatFIRE Redditors who could drink martinis on a beach in Tahiti for the rest of their lives but would rather use their financial freedom to attempt new businesses and active investments... but still don't want to kill themselves at a desk. +My husband was injured recently and all of the cash in his wallet was covered in blood. It's about $400, so I'd really hate to have to just throw it away. I've already contacted my bank, but they weren't sure if they could take it since it's now a biohazard. They said they'd call me back either tomorrow or Monday, but I was wondering if this has happened to anyone else and if so, what their experience was. + +And what, if any, other options do I have if the bank won't take the money? + +Thanks! + +Edit: Whoa, this blew up over night. Thank you all for your advice. We ended up just putting the money in the pockets of an old pair of jeans and sending it through the washing machine, which worked well. And to all of the people who asked about my husband, he's okay. He just needed a few stitches. +I went to the doc months ago for a pain and they wanted to do some blood work just in case, I was specifically told I was covered on the entire process and it would only cost me ~$15 for the blood work. + +Now I'm getting a bill from the diagnostics lab and apparently a collections agency has taken it. What options do I have? + +Edit: The collection notice lists the $221 charge from 8/31, and on my billing statement from the doctor's office I have an outstanding balance of $28 from 8/31, but I won't be able to contact the lab until Monday. + +08/31/2017 OFFICE OR OTHER OUTPATIENT VISIT FOR THE +EVALUATION AND MANAGEMENT OF XXXX +$95.00 + +09/13/2017 Insurance Payment: BCBS-SC Processed -$42.44 + +09/13/2017 Insurance Adjustment: BCBS-SC Processed -$24.28 + +Patient Balance - Coinsurance $28.28 + + +Edit part 2: Collection's agency has informed me the bill stemmed from my insurance declining paying for the lab work. I guess my next option is to dispute it with the insurance company. + +I appreciate the advice, everyone. + +Edit part 3: The lab my blood was sent to definitely accepts my insurance. Thank you all for the insight, I'm still reading everything. +I do loss prevention. Its boring. A couple walked in last night that seemed fun so I joked with them. They started up a conversation. He had a strange choice of word for a name (maybe a fake name?). He looked 30 and she looked 40. He was kinda attractive, she not at all. He said he'd been a top salesman for decades, made many contacts, quit his job and washes dishes (?). They asked about my goals and dreams and when they noticed I felt we were spending too much time talking, he offered to give me a call to better connect me with rich buisness people. I never said I was interested in buisness. He calls me the morning after asking if Id like to sit down and talk about it. Told him Im apprehensive and Ill think about it. + +Is this a scam? I did a quick google search but found nothing. I told another loss prevention and he said he's heard of it (like people offering to mentor retail workers in this store). +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +I know this will be downvoted to oblivion for the exact reason this is posted, which is ironic, but that’s okay. Thing is, it’s getting out of hand, makes us look like fools and it scares away newcomers. + +First of all, let’s address the alarm emojis, ‘this is heavily downvoted by shills’, ‘they don’t want you to see this’ and similar phrases. Stop. Don’t. There are enough apes browsing ‘new’ and ‘rising’ to make sure proper content will be seen or reposted if necessary. No need to act like the anonymous Q or wearing your tinfoil hat 24/7. + +Secondly, not every organization is complicit. YouTube banning the Superstonk channel for impersonation because another channel with the exact same name already existed is not: Google being evil, a sign that MOASS is near, MSM trying to shut us down, a witch hunt against us or whatever the fuck else is mentioned in that shitshow of a thread. It’s just Youtube following their guidelines for all to see and read and accept when creating a channel. + +I know shills are active and I even made a bet with my friends they couldn’t find a positive article in the mainstream media about our beloved stock (narrator: *They couldn’t*), so I know fuckery is going on, but not everything is that. Assuming it is, again, makes us look like tinfoil hatted fools and deteriorates the excellent DD and discussions that do take place on this sub. Stay critical of what you read and don’t jump to conclusions. We’ve got all the time in the world anyway. +I would love to see the satifisfying smile on Hal Finney’s face as „his“ Bitcoin is paving its way to become an accredited and established financial network as well as storage of wealth. + +Dear Hal, your Bitcoin just cracked the $34k barrier! You and your friends have kicked off a fukcing revolution back in 2009. Sadly, in 2014 you [passed away](https://www.coindesk.com/bitcoin-pioneer-hal-finney-passes-away) far too early due to your ALS disease 😔 You never witnessed how big and strong your baby actually got. + +Today is the 12th birthday of Bitcoin. [Hal Finney](https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)) was the [receiver of the first BTC transcation](https://www.coindesk.com/satoshi-nakamoto-hal-finney-emails), sent by Satoshi Nakamoto on January 12th, 2009. + +Many community fellows, including myself, are advocates of the theory that Satoshi Nakamoto actually sent that very first Bitcoin to _himself_. Hal Finney and Satoshi Nakamoto _might_ be one and the same person ([Source](https://hedgetrade.com/who-is-satoshi-nakamoto/)). + +Anyways, no matter if he really is Satoshi or not, I would like to say thank you to a wonderful and great human, whose achievements and engagements can’t be appreciated enough ✨ +First, I want to thank many of you who have helped me realize the importance of having good credit (here in the US). This sub has taught me a lot, and a lot of the information I've read on this sub over the last year has really stuck with me. + + +To give some background, I grew up with my grandparents who didn't have a solid financial understanding, so I didn't understand the importance of credit at all growing up. Hell, I didn't even know what a credit score was until I turned 26. However, I understood the value of saving because growing up in a household with three siblings and two retired grandparents were not easy for them. So, I lived my life paying cash for everything. A trip to Vegas, cash. Christmas gifts, cash. Twenty-day Eurotrip? Cash, cash, cash. + + +At the age of 28, I met my current girlfriend who is six years my senior and much more successful - work and financially. As things got serious, we started talking about finances since I was always paying big purchases items with my debit card (which is fine), but she asked why don't I use credit for a few of these purchases to rack up points. I looked at her with the most confused face and asked what points are. Her eyes lit up, and she realized that I did not know how credit cards, scores, and the whole system. We downloaded one of those free credit motoring apps and checked my score. BAM! 450. She showed hers -- 820. + + +I felt embarrassed and knew I had to do something. She told me that she would help me better understand how it works and how to get started. We opened a secured card with $200 to get started. That was it. + + +Why was it a 450? Well, at the age of 19, I got a credit card in college and never paid my bill. It went to collections. Pretty obvious. + + +The first six months was a waiting game. Making purchases, paying the card off. I always maxed out the card, but still paid in full when the bill was due with auto pay. Around month 7, I get an email from the credit card company saying they will send back my $200 deposit, and now going from a secured card to unsecured. AWESOME! My limit was now $1000. My score went from 450 to 550. Now I'm checking my score on my app every other day. I know it's not going to change much from day-to-day, but I enjoyed staying on top of it. I slowly see it climb by being responsible for paying the card off IN FULL every month. + + +Having a better understanding of the system, I applied for a new card that's ideal for people who are rebuilding credit. Applied, fingers crossed, approved for a $3k credit limit! This is awesome! I go through my entire budget, switch bills I used to pay with cash to my credit cards, set up auto pay and done. + + +A year later, the excitement of checking all the time has worn off, but I went on just to see how things are doing a few months back. I check my score, and I'm at 720 with a 30k revolving limit. Thinking this was a mistake, I'm searching through the entire app until I see why. My GF added me as an authorized user on one of her cards that has a 26k limit with an 8-year history and paid in full on time every month. That was her gift to me for sticking with it. She trusts me enough to hold the card in case of an emergency. + + +But I want my own big boy card now even though I'm fine with what I have now. After a couple of months of doing reviews and prequalify checks (which I didn't pass), I bit the bullet and applied for the AMEX Gold Card. Approved! I'm sure there are better cards out there, but I thought this would be great for me. It was something I always wanted as a kid, and now I have it. All because of staying focused and a bit of luck. + + +So, that was my journey from 450 to 720. From only having a debit card to 4 credit cards. The habits I learned over the last year and a half will stick with me forever, and now I have a new goal to pass my GF's credit score. + + +Sorry for the long post. + + +Edits: grammar + +**Edit 2**: Thanks everyone for the support. I did want to address one more thing that has been coming up which was the boost I received from being added to one of my GF's credit cards as an authorized user. When I saw that my score was 720, there was also a notification that my score had jumped 77 points. So, with the combination of keeping my utilization low, paying my credit cards on time and in full, and with the benefit of acquiring her history, and high credit limit, I wouldn't say ALL 77 points were from her. Maybe +50 or so - which is still a lot. So my score (before being added) could have been 670. + +As I mentioned, it was a big boost to get me over the 700 mark. But again, this post was to explain my journey from 450 to 720 by using the resources I had available to me. Everyone's credit is different. I had one payment in collections I took care of, some of you may have 3 - 4, or 0. Some people may have people they can add as an authorized user that doesn't have a pristine credit history; some may not. + +Long story short, I wasn't in any financial trouble. I always managed my budget, saved, invested in what I could, and lived within my means. One of my financial goals this year was to work on my credit, which my GF and I discuss, and she helped -- the same way I would help her if she needed it. But it's important for everyone to know what you can and can not do when it comes to building your credit. I took advantage of all resources I had available. + +Thanks! + + +Hey Everyone! + +I am 31 years old and finally opened up a Roth IRA with Vanguard. I have deposited $5000 and I plan to max out the $6000 limit annually. Like many other first time Roth IRA openers, I am trying to decide on what to invest in to start. + +From some research (Bogleheads etc…), I like the idea of the 3 fund portfolio. I initially wanted VTSAX / VTIAX / VBTLX but with the $3000 minimum investment it looks like i’ll need at least $9000 to start investing in all those funds. This brings me to ETF’s… it looks like if i want a similar 3 fund portfolio i would have to invest in VTI (or VOO) / VXUS / BND (or VGIT or VGLT) (ETF’s) + +As far as allocation I’m thinking… + +60% VTI +30% VXUS +10% BND + +I have also thought about putting all of my contributions into VTSAX or VFIAX. + +The Target Date Fund (mine would be 2055) is enticing as well due to the simplicity and the 4 index funds… but i don’t know… I heard you have lack of control and the returns may not be as high. There also may be high expense ratios etc… Please correct me if I’m wrong. + +I know i eventually want to be hands on and have control (rebalancing etc…) but i am still learning so If i were to invest in a Target Date Fund now i can always change up my portfolio in the future if i feel that its best, correct? + +This is my only retirement/investment account at the moment. I’m super new to investing and i want to avoid over analyzing and get this thing going haha. ANY help is greatly appreciated. Thanks! + +EDIT: Wow! Thank you so much for the incredible responses. Everybody's input has helped me and many new Roth IRA openers decide where to place our first investments. +I’m 19, I would LIKE to retire by 45. currently i’m investing about $800 a month, spread out weekly (i have recurring weekly investments set up for my stocks) My portfolio is sitting around $20,800 at the time of typing this. I started investing last year in March because that’s when I turned 18. My income is $50,000 a year. Before when I first started investing in dividend stocks, I was just investing in things that paid a good dividend but had no growth at all, for example JEPI, NUSI, etc. They paid a good dividend but they weren’t helping my portfolio grow, I sold them and put my money elsewhere. So now my goal is to buy dividend growth stocks. so stocks that don’t pay as high of a dividend, but still grow a lot in price, for example COST. COST doesn’t pay that much in dividends right now, but the growth from it is very good. Another example is AAPL, apple doesn’t pay much in dividends but it’s growing in share price. Anyways, here are the stocks and shares I have for all of them at the age of 19. Let me know if there’s anything you’d change or add if i’m missing anything! Thank you. +COST- 2.3 shares +MSFT- 4 shares +NVDA- 4.28 shares +TGT- 4.36 shares +VTI- 13.9 shares +AAPL- 16.91 shares +SCHD- 41.19 shares +O- 22.1 shares +AFL- 15.22 shares +DGRO- 19.42 shares +STAG- 26.03 shares +ABR- 58.7 shares +I am working on putting together a dividend portfolio following the model that Joseph Carlson lays out. Carlson advises to choose stocks with dividend yields 3% or higher. When taking a look at his portfolio, he holds several companies with dividend yields below this 3% benchmark (as low as .61%). + +Of the 20 stocks I've selected, 10 of them have yields below 3%. Is this advised? Should I keep these holdings and allocate my distributions to beat out 3%? Why 3%? +Full disclosure: the OP is holding both of these companies. + +CFG: 3.30% - a smaller bank commonly found in the north east. After the 2008 recession I have a hard time holding some of the bigger banks like BAC. + +CWEN: 3.50% - a clean energy stock. I’ve held numerous over the years and this has been one of my better finds. In the past year it has experienced sustained growth, which was a pleasant surprise. It’s close to ATH right now. It probably makes more sense on a watchlist until the price comes down a bit. + +I hope this helps someone who is tired of reading about the 10 most common suggestions. +Is it possible for a parent to open an investment account in your child’s name once they are over 18 (UK) or buy shares in their name (cos kids don’t listen to you even when you’re giving good advice lol)? + +Edit: thank you for your kind assistance, however as one responder noted, my kids are over 18. I’m trying to get them interested in investing (they both pay into pensions and one has a LISA). As neither need anything for Christmas, I wanted to start gifting stocks and shares which I can add to each year. Any advice is truly appreciated +I am very interested in the idea of getting in on a company prior to them declaring a dividend. Similar to AAPL. The writing was on the wall that they eventually would and the people who were long time holders prior to the dividend likely have a phenomenal 'yield on cost'. + +I wonder what other companies fit a similar mold. The two that come to mind are Dropbox (DBX) and Chipotle (CMG). + +Any other companies that will likely post a dividend in the near future? +As a low income earner (less than 41k AGI at least), I’m looking for any higher yield etfs, specifically with qualified dividends. + +My portfolio is already based off of SCHD / VOO, however my portfolio yield is less than 2%. I’m looking for a fund that can help drive the yield up, while still making up a small portion of the portfolio + +Any thoughts here? +Johnson and Johnson is splitting Pharma from consumer (mainly due to talc liabilities) +And Pfizer is spinning off its consumer segment in a joint venture with Glaxo smith Klein. Does anyone have an idea why and what due you guys think about the new consumer goods companies from a dividend perspective? +I’m willing to bet this is a common question, but I’ve recently come off some good gains (yay!) and wanted to set some aside for the long term. Besides the blue chips, I was looking into some potentially riskier opportunities given I’m still young enough to be happy I can buy beer. +Anyway, I came across the covered call ETFs QYLD, RYLD, and XYLD. they each correspond to the Nasdaq, Russell and SP respectively. They each pay an annual between 9-12% on a monthly distribution. +Am I correct in believing that the main “risk” of these funds is that they will crash with the market but will not grow with it? And that’s pretty much it? +Because if they’re flat but paying 9-12%, I’m happy with that, and I’m willing to weather the hard times and keep buying if/when there’s another crash. I don’t think I’d plan on ever depending on this income, when I get to that point I would be only blue chips and strong REITs like O. +Is there another risk I’m missing associated with covered call ETFs? Or are they good steady holds until I’m in my late 40s and more risk averse? +No position as of now, still researching. +I new and I don’t know what the benefits is of Index Fund ETFs over Index Funds (or vice versa) for long term investing. I’m talking about long term investing with monthly dollar cost average tracking a large index like S&P 500. + +From what I know, comparing both Index Fund ETFs vs Index Funds: +- Most companies don’t have minimum initial investment for index funds, this means I can start off with $10 investing in index funds. ETF can be bought fractionally which also means I can start investing with $10 so there isn’t a difference here. +- Expense ratio seems to be almost the same/negligible (0.01% difference). If a company has their ETF’s expense ratio cheaper than their index funds, chances are I can find a competitor company with index funds’s expense ratio being similar or cheaper if I really cared about that 0.01% difference. +- Investing for the long term means I don’t bother too much about timing the market within the day, I just invest the same amount every month till I retire. +- A lot of these new fintech companies allow automatic withdrawal from my back account even if I’m investing in ETFs; otherwise, spending 5 minutes a month transferring money is no big deal. + +So in terms of investing in something that tracks the index, is one better than the other? Am I missing something? If you invest in one and not the other, why did you choose that and not the other? +Just so I could tell some people "I told you so" and they learn their lesson early on. + +However, this is not a good way of thinking - when I go a bit deeper I really want all my friends to make some good cash even though they made some risky investments. + +I missed the train, I shouldn't be sour about it. I'd love to go back a month and go all-in on Doge and cash out right now, but I can't - and I shouldn't feel bad about that. + +I'd be no different than all the non-coiners waiting for "the bubble to pop" so that they can tell us the same "I told you so". + +So anyways, whatever you're invested in right now, whether it's a meme coin or the must cutting-edge technology underappreciated crypto project, I hope you make it and have a prosperous future ahead. +The Federal Reserve has released their FOMC statement and can be found here - [https://www.federalreserve.gov/newsevents/pressreleases/monetary20220126a.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220126a.htm) + +The implementation notes can be found here - [https://www.federalreserve.gov/newsevents/pressreleases/monetary20220126a1.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220126a1.htm) + +If you are interested in seeing the news conferences at 2:30pm ET - it is live streamed here - [https://www.federalreserve.gov/newsevents.htm](https://www.federalreserve.gov/newsevents.htm) + +If you are interested in reading professional commentary - r/econmonitor will likely have links in a day or two. +Hi everyone, + +I am fairly new to investing and have been doing some research on ETF's. I had come to the conclusion I was going to use VDHG as a core part of my portfolio possibly with a few 'sattelite' ETF's. + +However, I've recently read some comments and articles about the downsides of VDHG in regards to tax, specifically regarding distributions and drag. Can someone ELI5 what this means and the implications? Does this make VDHG not worth the instant diversification and simplicity? + +If I were to 'roll my own' what are the pros and cons? I don't mind rebalancing as I was planning on using Pearler which has an auto invest function. + +Any feedback is much appreciated, thankyou. +&#x200B; + +[China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed.](https://www.msn.com/en-us/autos/news/china-to-scrap-subsidies-for-electric-vehicles/ar-AASl9QN?ocid=msedgdhp&pc=U531) + +In a statement published Friday, the Ministry of Finance said purchase subsidies would be reduced by -30 percent from the beginning of 2022 before being scrapped completely by the end of the year. +My original post can be found [HERE](https://www.reddit.com/r/personalfinance/comments/6y3r30/im_a_married_father_of_four_in_norcal_we/). + +**First of all, thank you all for the advice.** It's been incredible and the outpouring of support and encouragement has been unexpected and welcome. I'm sorry if my responses have been few and far between but my inbox was inundated with messages and between work and the kids, it's been next to impossible to stay on top of it all. I promise I read everything though. In fact, the wife and I made lists of the suggestions and had some serious discussions about what things we could implement and how... and realized we're at a breaking point. We spoke to our credit union about debt counseling options (like several of you suggested) and pulled our credit reports, only to discover that debts from back when we lost our home to foreclosure and were evicted and first became homeless are still haunting us and compiling with the current debt we were already aware of. My wife has been crying a lot since we saw it all spelled out on paper. Aside from winning the lottery, our only option at this point appears to be bankruptcy. + +We've always weighed our failures and successes against the theory that "Well, at least we didn't file bankruptcy!" because after numerous layoffs, a foreclosure, an eviction, a repossession, years of homelessness and dealing with medical debts from having a child with long-term health issues I guess it gave us some kind of misleading silver lining. + +So needless to say, the realization that we actually NEED to file bankruptcy has been, well, heartbreaking. Especially for my wife. But we've been reading all the inbox messages together and many of you suggested it and shared your own stories about bankruptcy and how it helped you overcome your own negative circumstances. I can't express enough how much that helped us. Thank you for that. + +So now my request for advice has evolved. How do we start this bankruptcy process? And how can we do it *right* and *affordably*? We've contacted bankruptcy lawyers and so far they all charge around $1,500 and want payment up front... which we will never be able to afford. I found websites that promise discount bankruptcy options, like [http://alliedbankruptcygroup.com](http://alliedbankruptcygroup.com) only to ask about them on r/Bankruptcy and discover it's most likely fraud. Go figure. But that's why I asked before making any moves. Does anyone have any suggestions or recommendations though? I don't even know where to start, I just know that the sooner I get the ball rolling the sooner we can get through it. Thank you again. + +**EDIT:** A lot of people are questioning my previous statement about the costs of benefits deducted from my paychecks (as if I had a reason to pad that number? I don't know!). I'm not totally comfortable providing a print-out of my paycheck, but [this is a screenshot from ADP](http://imgur.com/iDMHwfn). Keep in mind that this is just for my paycheck. My wife brings in another $400 (net) bi-weekly. As I've explained repeatedly: Because both my wife and I are county employees, Calpers determines how much we contribute out of our pay for retirement. We work for a fairly poor county so the entire required cost falls completely on us. Our employer also offers MEC minimal essential medical coverage per the ACA guidelines, which forces us to use their county-provided insurance... despite it being so damn expensive. It's required. Luckily our children still qualify for Medi-Cal. + +**Lottery Function now LIVE** + +SafeDEX/SafeSwap is now LIVE it launched this weekend along with our new liquidity currency $Treats 🤫 this is to create us the chance to pool and farm our tokens for outstanding and long lasting economics! + +We also already have another project listed called $Tama on our dex! + +Liken this to BnBs cake or Eths Gas. This gives us the chance to build an even more stable project in the midst of the madness 👀To prevent dumps and strengthen SShibas core. As if we weren’t safe enough right? We’ve got you with our audited and vetted DEX adding new projects soon! + +With Coingecko now live and CMC a matter of days were ready for this slingshot to the moon, utility is unmatched in this space, so let’s make this experience better for all with your future hero Super Shiba! + +**Dedicated and Doxxed Devs** and a **Strong** **Community** (please join the TG to see) +**$SSHIBA** continues its journey to the moon. Now is the perfect time to invest in the Super Shiba Token as it’s cool off period with the market gives you a beautiful entry point. + +**Coingecko is NOW live** + +**CMC Submitted -** + +At 60 hours old **$SSHIBA** reached a $11.5M Mcap and the marketing is only Just getting started.**.** + +**New A++ Website in development** + +**Poocoin 1-5 trending** + +**More Twitter and Youtube influencers today and a full Twitter campaign tomorrow from 4 influencers** + +**Tyler shill Investments YT channel coverage and a continued Twitter hype** + +**Daniel Moncada from Breaking Bad and Better Call Saul onboard, ready to help shilling on socials and his associates** + +** Key Points in development including DEX UI overhaul which we will share very soon** + +**Check our YouTube for AMAs, how to buy videos and general announcements** + +— SafeDEX is developed launching this weekend- A DEX made for Gem hunters, looking to get into doxxed and vetted projects before they've already 10x or 100x'ed. They will revolutionize the way we use NFTs to identify fully verified projects for our traders/holders. Details, full vision and Medium articles will be posted soon! Stay tuned. + +— SuperShiba NFMeme Marketplace also in the works - A platform for users to create their own memes directly as NFTs, share them, trade and just flex their claim on their own unique memes. + +**Doxxed Dev and Team** \- Again, this is all about trust, something that is lacking in the dapp realm. The Admin Team are willing to put faces behind their names because they believe that their project is solid. + +**Influencers and Marketing proposals confirmed** \- Various social videos and posts out and we’ve already seen an influx of crypto influencers buying in, they didn’t do so on pure goodwill. The team is actively seeking more and collaborating with those we have currently to ensure that we communicate the vision and goals as effectively as possible. In addition to this, they have identified some key + +**In summary** \- it has been really encouraging to sit in on the creative, structural and technological decisions that have been made today by the Shiba leadership; it’s not often that we see that sort of positive collaborative engagement when scrolling through CryptoMoonShots... we love it here but it’s often full of illegitimate projects 😅 let’s end that plight! +Super Shiba is here to save the day and we want you to be apart of Amazon in Jeff’s bedroom 🌚 + +Thanks for taking the time to read this :) + +**TELEGRAM:** [**https://t.me/SuperShibaBSC**](https://t.me/SuperShibaBSC) +**WEBSITE:** [**https://supershiba.xyz/**](https://supershiba.xyz) +**TIKTOK:** [**https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is\_copy\_url=1&is\_from\_webapp=v1**](https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is_copy_url=1&is_from_webapp=v1) +[https://vm.tiktok.com/ZMev4cFxS/] + +**Contract address:** 0x922c77c7724d7b77fd7791be5cc5314b70c3a781 + +**BUY :** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781) + +**Community Donation Wallet:** 0x9d81aCFfb25604D2D5010f75F765a2Ce5Aa49259 +Just a friendly reminder to buy the dip and not to sell the dip! + +&#x200B; + +**Edit: or sell! I'm not your dad :)** + +**Edit 2: Not yet!** + +https://preview.redd.it/k20zn0zs4zk51.png?width=1134&format=png&auto=webp&s=8a10b62f0710479b807b49fd42b8eb96c904940d +Feel free to tell me to do my research better but this is what I dont understand about NFTs,obviously there are some great exceptions but my point stands for majority of them. + +There are some really good and low risk coins that they can invest in,where they will have massive profits or at least, dont lose that much money. But instead, people rather buy some computer drawn cartoon monkeys or just simple pixel art for thousands of dollars. + +I get that you technically "own" the picture but why would anyone want to buy it off you?It feels like people just dump all their money on these thinking it will be the next Bitcoin. +I've always enjoyed buying large amount of shares in small companies. I'm looking into HCMC but some things have me scratching my head. For example Yahoo has them at $6 by the end of the year. I know growth like this is possible but can one lawsuit really put a company over like that? Not to mention I've never heard of these guys. Not saying that means they're not going to make it but has anyone had experience with the company. I'd really like to know what y'all have to say. +Well, crazy to see everything unfold in front of us. The DD was correct, you were right. At times it was hard to hold but god damn everything is unfolding in front of us. They are caught swimming naked, not only here but all over the world. Debit Suisse in trouble, shots were fired today by BoE, and you have 3 days to get your shit together (which means sell everything) + +Daddy Cohens tweet tonight is the kill shot. Welcome to the Endgame, the party is about to start +New here! Want to see what you guys think will help me best and I have a specific question on passive income vs net worth growth. + +little background for you first: + +Male, 25 years old, 130k NW. A lot of my net worth is in my house and owned outright vehicles so not sure if I should be counting that or not? + +Married with a kid on the way so expenses are going to climb soon. We both plan on continuing to work. Combined we have a gross income of 150k in a LCOL area. + +We have our monthly budget set up to live mainly off the wives income and save my income. Without getting into details, here's high level what that looks like: + +&amp;#x200B; + +My income: $5,000/mo takehome, $1624/mo to company 401k, + +Wife income: $3,000/mo takehome + +Combine tithing/donations: $1,264/mo + +This brings **total income to: $8,368/mo** + +**Expenses: $4072/mo total**. I can get into the details if requested, but not sure if its helpful to see my budget. Here's some highlights though: + +Home mortgage: $1058/mo (have it on a 10 year note at 2.5% APR rate, my father was awesome and let me pull a loan from the bank with his savings as collateral. On these types of loans, they give 2% above the savings account interest rate.) + +Other home related totals: $750/mo (utilities, cable, tv, insurance, taxes) + +Vehicles are owned outright, so no car payments + +Already budgeted for babies in the above expenses. Babies I am finding out are EXPENSIVE - $785/mo for daycare and keeping the poor sap alive + +**This brings my savings rate on net income to right at SR = 50%** + +The frustrating thing is seeing savings rate on gross income: SR = 33%. How can I get this much higher without tax fraud and without giving up my tithing/donations? + + +My big question for discussion: What do you guys focus on with your path to FIRE: net worth growth as quickly as possible and passive income growth as quickly as possible? I have one rental property under contract right now and am starting to see the power of passive income running the numbers on it in that if I work hard at it, my wife and I could replace one of our incomes within five years. Now I know rentals aren't the most passive of passive incomes, but I'll want something to keep me busy during retirement anyways! Curious to hear your thoughts. Thanks! +The T+21 and/or the T+35 cycle is legit and we've all but confirmed it directly. They are stuck in a loop until they get margin called/force liquidated. + +Everyone's seen the [awesome TA post](https://www.reddit.com/r/Superstonk/comments/od7swq/wen_moon_10_endgame_final_ta/) showing all the signals/indicators for an upcoming move to the upside - a potentially very large one. + +Everyone's also read the Elliot Wave Guy's posts which fits with the current upward trajectory narrative. + +But I haven't seen anyone mention this in the past few weeks so I will hopefully be the first one to bring it up. 10 days ago [I made a post about why we didn't see any FTD covering](https://www.reddit.com/r/Superstonk/comments/o787jm/30_minutes_til_the_final_bell_and_still_no_ftd/) on the usual full-moon T+21/35 day cycle we were on track for every month until June. + +The reason, in my honest opinion, is that they started covering the week before the earnings call with every intention of dropping the price using what little ammo they had left to drop the price like they did back in March and to throw off our "confirmed" prediction of the T+21/35 cycle. It had a double whammy effect in their minds but we're apes and we HODL no matter what. And some of us saw right through their stupid psychological fuckery (the only real fuckery they have left). + +But because they covered that week, the latest we should see another price spike is Thursday/Friday of this week which resumes their cycle from then instead of the 23-26th (full moon cycle). The indicators are all firing off and the TA is solidly signaling a big move upwards. Of which I wholeheartedly agree. But the caveat is that, in order to throw off our confirmation of the T+21/35 cycle, they had to start it from another date which was the trading week before the shareholder meeting when we saw that big rise in the early days of June. + +This week is the T+21/35 days cycle from that week and I fully believe we may start seeing the cycle stuck in this week now instead of the last week of the month. + +Fuckle up, buckers. I think this week is going to be a big'un. If not then we continue to buy & hodl regardless. + +Disclaimer: Not financial advice, don't do anything with your money with the information contained within this post. I'm retarded and have no clue what I'm talking about. + +EDIT - Disclaimer #2: **DO NOT DAY TRADE $GME WITH THE INFORMATION PROVIDED ABOVE!** Day trading is for paper handed losers. You should already well know this by now but it's worth mentioning again. + +TL;DR - Big moves this week coinciding with all the TA signals, EW Guy's "predictions" and the refreshment of the T+21/35 day cycle that was changed from the 23-26th historically, to this week going forward. +2/3rds of China is experiencing extensive blackouts. + +The driving force is a lack of quality coal because they hate Australia layered on top of a central controlled electricity price and a market price for local coal. It costs more to make power than they get from selling it. The other issue is the quality of coal from sources other than Australia is low and most power facilities have been tuned to operate on Australian coal. + +They reportedly have 10 days of coal on hand and are finding it incredibly difficult to import enough to deal with the shortage. + +Luckily Australia are experts at pissing then off so there zero chance they’re going to import Australian coal. + +3% drop in GDP this year due to massive power black outs. + +Huge amounts of factory districts are being forced to operate 2 days a week. Impact on global production is ramping up. + +Huge cuts to steel, aluminum and cement production. + +Add on the rolling lock downs and port closures, credit crunch, constant stream of companies leaving China, Evergrande/property developer collapse and inability to access lines of credit due to the “3 red lines”, massive unemployment rate 160-360 million unemployed/under employed. + +Also the birth rate has tanked 12 million last year out of a population of 1.4bn, marriage rate has also tanked... + +The chip shortage in China has cut car production in half and there recycling old chips illegally on a grey market. + +Salaries are being slashed across the board. Construction is the largest employer and it’s in free fall due to 68% of property developers not passing the “3 red lines” and finding themselves unable to access credit to keep projects moving. Making Evergrande a state control company means fuck all because it’s the metaphorical tip of the iceberg. + +Shit's getting spicy... maybe this is another soviet union collapse style situation. + +Either way the implications are fucking massive and rancid. Stock market might be about to get kicked in the fucking teeth. Maybe this will finally pop the everything bubble? Anyone got any spare ramen? + + +Nomura securities in Japan are expecting huge ripple effects. LETS GO CONTAGION LETS GO!!! + +My gut tells me to find manufacturers with fuck all to zero Chinaside manufacturing. + +That inflation tsunami be rolling in perhaps. + +Exciting times indeed. + +What do you humans think? + +Also candle sales are up 10x + + + +[https://www.bloomberg.com/news/articles/2021-09-27/china-s-power-crisis-moves-from-the-factory-floor-to-the-bedroom](https://www.bloomberg.com/news/articles/2021-09-27/china-s-power-crisis-moves-from-the-factory-floor-to-the-bedroom) + +Edit + +People asked for a play… + +Yang gang is all I can think of #pricedinmuch? +I have to admit, it was difficult and almost sounded irrelevant to me living here in India when I first started reading this sub reddit. + +Reading money is dollar terms, leaving house at 15 without any money, such large student loans is as foreign to me as eating alive octopus. + +However, reading it over few weeks, Poverty finance has become a prime source of inspiration for me. I consider myself a saver, many people in life don't get or appropriate that. This subreddit has filled me with support and encouragement. Also reading humble stores of people just trying their best to make to next paycheck through debt at el is just surreal and makes me truly feel that "we are in this together.* +Interest rates are crazy low, so my instinct is to keep my mortgage as long as possible, and continue diverting all extra cash to retirement savings. Thinking purely mathematically, that is logical. And I'm all about logic, I have no desire to pay off my mortgage "because it would feel good" or some such nonsense. + +HOWEVER + +In retirement I'll live off distributions from my various tax-deferred accounts (401k, etc.), which will be taxed at my new marginal rate (hopefully lower). If I'm still paying a huge mortgage when I retire, I'll need to take larger distributions, effectively raising my tax rate. With this in mind, I wonder if having a paid-off mortgage by the time I retire should be a higher priority. That is, despite the fact that it's a relatively poor short-term investment, it may be a necessary step to minimizing my tax burden when I'm living off my retirement savings? + +I've never seen this idea before, so I wanted to ask if I'm on the right track with this thinking. +So I'm curious, if there are any Muslims in the FIRE community and how do you account for Zakat in your FIRE plans? + +Quick intro: Zakat is an annual obligation Muslims should pay on 2.5% of their assets. Assets, not income, so if you have no savings, nothing is due. It's intended primarily for the poor and disadvantaged amongst us and other causes in the way of God. It's not really a tithe since there is no formal religious institution one is supposed to pay it to (mosques infact are largely considered ineligible to receive Zakat), but rather should be given to the poor and needy directly. Lots more to it, but this is not a religious sub. + +The challenge which comes up from a FIRE perspective is how to account for Zakat in one's plans. The simplest and most straightforward thought I have is to calculate my FIRE number assuming my expected annual expenses are 1.5-2% of my FIRE number instead of 4%, so that when 2.5% is donated for Zakat, the annual SWR is still the traditional 4% (or slightly higher but still workable 4.5%). This has the effect of dramatically increasing my FIRE target number (eg if I need $100K a year, then my FIRE number is $6.7M instead of $2.5M). Another thought is that instead of planning for a 4% traditional SWR, to try to plan for a 6% one (2.5% zakat and 3.5% for normal living expenses). That challenges accounting a bit, as well as the risk profile of investments. + +Perhaps that's just what it is, and I suck it up and deal with it if I want to follow this religious obligation. + +Side bar is considering the deflationary effects of Zakat (donating 2.5% of assets annually) in a macro inflationary environment. Every year have less money, and which due to normal inflation is worth less. Leads inherently to more riskier investments to get growth, which may not be ideal given one’s risk profile. + +I spend a lot of thinking about this during my own FIRE planning, and the intersection of the Muslim and FIRE community is so small that I don't know anyone to talk about this with in the real world. So hence, figured I'd ask here. + +Not just limited to Muslims, would like to hear thoughts/suggestions anyone has. Also, other religions have similar donation and/or tithing obligations, and curious how adherents to those may be planning for FIRE. +[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/) + + +# Fellow tards and mod-tards. This is the most boring post you will never read. + +We are now entering a potentially dangerous phase for WSB. I won't repeat or cover all the various reasons why people are looking at this sub, nor what they are saying. + +The goal must be to ensure we don't tank this sub, and tank our tendies. + +Its pretty simple: people who are used to making the rules and making money of the ignorance of others are on the wrong side of the trade, and they don't like it, and they won't take it laying down. + +👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀 + +They have extremely deep pockets and can throw insane amounts of money lobbying, getting talking heads on tv or lawyering up, if they haven't already. The narrative is pretty clear: WSB is acting like a mob; they are distorting the market; this isn't allowed. + +We are playing into their hands somewhat. We are helping fuel their arguments. If you don't want to lose this sub, here's what you can do + +🌕🌝🌔🌓🌛🌒🌗🌘🌑🌖🌙 + +**1. Don't do dumb shit that will allow people to make legitimate complaints. Simple examples:** + +a. Doxxing or harrassing people e.g. Citron or Melvin Capital. + +b. Trying to get people to buy particular shares of one stock in a concerted effort e.g. "Lets all buy 10-100 shares of GME at 1000 EST." + +c. Publicly representing that we are in any way an organised, singular entity. + +**2. Don't give Reddit a reason to shut this down.** + +a. Chances of the SEC investigating WSB based on complaints are reasonably high; actually taking action though, the chance is v small in my view. For one, it would be hard to show intent and prove who was doing what to the price. Regulators only like to take on slam dunk cases - they dont have enough resources or political capital to waste on potentially losing hands. The exception is if there is a big public interest in doing so...this is another reason to observe point 1 above. This is not to say they won't give Reddit a call to say "we think you need to sort out A,B,C” but this is v different from an enforcement action. + +b. **Focusing on what the SEC might do misses the point. The threshold for a company disowning a small part of itself, to protect the whole, is very small. Reddit has 330M users. WSB has 2M. You do the math.** + +Never mind trying to work out how much revenue Reddit makes from people who produce our quality of meme. + +c. Any company who is aware that part of its users are breaking the law, or potentially breaking the law, will not hesitate to cut off the gangrene thumb. No one is going to go in for bat for us for some ideals or whatever. They are worried about bringing attention to the company as a whole, getting regulated, or civil or criminal exposure - as they should be - this is just normal and good governance. + +💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎 + +**3. Follow the rules for the sub. There are four elements here.** + +a. Mods needs to tighten the rules to make it clear which conduct is not acceptable. I recommend including a small banner on each thread that states something like "WSB does not tolerate any market manipulation or other breaches of law and those who do so will be instantly permabanned." This can be hyperlink link to the rules or even SEC website. + +b. But then - and this is important - the rules **must** be enforced. Whenever you have a compliance program in place, a regulator wants to see the compliance program was reasonable to achieve its required outcome e.g. Not breaking the law and that **it was enforced in fact**. If you have rules that are not enforced its almost worse than having no rules. + +c. For us users, **don't break the rules**. Simples. + +d. And if you see other users breaking the rules, report it. Sounds like some Gestapo shit but at the end of the day, you either like this sub and want to protect it or you are going to miss the Tendieman. We have to collectively weed out shittiness and the mods are not going to be able to do this on their own - they are simply to retarded ;-) + +**4. Think about a serious plan B platform if this does get shut down.** + +Can't be Reddit - if the powers that be decide we are done, just calling it saulbeatwets or mallmeatnets won't fool them for long. + +**5. Think about putting some tendie money aside to kick in for the mother of all lawsuits.** + +If this does go south, we should consider kickstarting a fund to hire the same type of white shoe law firms these dudes hire and get our guys to point out every known act of manipulation and let the SEC decide who the real problem is. This is how you really fight back and win. + +**6. While I have your attention - can we please try not to take out fellow retards here.** + +Its a big bad world and I can watch my own six and yep everyone needs to learn the hard way. But I don't think we should be out here bitching about Melvin etc while we are trying to shaft each other. If you see this shit, call it out and we'll gather our pitchforks. + +In return, **newbies please f$#@ing read some shit on here before you ask the same question ad nauseum** (the answer is the same anyway: "No, its defo not too late to FOMO everything you or your tribe owns into an extremely volatile YOLO play and there is no way this can go tits up.” + + 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**TL:DR: They are coming for this sub. Don't make it easy for them; follow the rules and mods enforce them.** + +Positions: GME to Melvin's uranus + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I make 800 and sum and I feel like I should yeet it all into bitcoin while I don't pay rent (live at home with dad) and I'm confident it will be the best thing I have ever done +I'm too smooth to understand and dig into this... but I wonder if this has anything to do with the Archegos fiasco and the positions that they're unable to close? Speculation: It would absolutely be a pity if the Archegos positions involved GME shorts that they're unable to close now. + +https://preview.redd.it/666u0zyqh0r91.jpg?width=700&format=pjpg&auto=webp&s=a6528984203c5ba8459f959d2bcd845294d8fff9 +Some important details: + +* I make $12.05 an hour, typically work 30 hours a week, and my average monthly salary has been around $1,366 since I started this job in mid-May 2021 + +* I have $3,000 saved up from this job + +* I don't have a car or a driver's license + +* I'm a minimalist and don't spend much on non-necessities. The only non-necessity I can think of right now is a gym membership I have, but even my job should start paying for that soon through my insurance. + +* I live in Southeastern Pennsylvania + +* I didn't graduate high school and dropped out of community college after one semester + +* My best skill is probably creative video editing. I'm really good at it. My most valuable skill realistically speaking is probably guest/customer service and/or front-desk work + +The fact that I make $1,366 is what worries me. I feel like if I'm lucky, a one-bedroom will cost me $1,000 a month. Then that leaves less than $400 for everything else. + +I work at a hotel, and there are many other hotels in the area, within walking distance or a very short drive. Should I seek employment elsewhere to see if other hotels might be willing to pay me more? + +What else can/should I do to prepare for this situation? + +Thanks. +Is it me or is something wrong here? It’s a blockchain with a wallet nothing more. There is no staking, no other features other than only transfering funds, apart from that you can’t do anything. Is it the 40 papers of research that make it the 8th biggest crypto? Please tell me what makes cardano worth 2.5 billion dollars. It had ico 4 years ago, it might be low key a scamcoin. +My mom passed away a few months ago and I'm about to get life insurance check for just under 100k. +Now, I'm only 20 years old. I used to think having over 1,000 dollars was overwhelming. +I'm so scared I'm going to handle it all wrong. + +My thoughts so far are: + +-first and foremost talk to my boyfriends uncle who is a VP at a large bank about investing. He definitely knows how to handle that much money. If anything that's pocket change to him. But I'm scared he's going to tell to just invest it all. Which actually might even be the best idea but idk. + +-buy property in the city I currently live in. I was thinking if I owned a condo in a growing neighborhood, I could sell it for a lot more in a few years. I could even make a down payment with half the money and then invest the rest. Also if I get a 2 bedroom, the other person renting would pay enough to pay the mortgage and I'd save a lot of money. (Everyone I know at my age and older is renting) +-I also want to pay my dad back for the ~10,000 he's given me for college. But I'm not even sure he'd accept it. Just a thought. + +-my stepdad also offered to let me invest in the home he just bought for 230,000 but was valued at 300,000. But i don't know much about that. + +-I'm not sure what I'm doing with my life yet but I might want to start a company of a related field of my college major and I might want a business loan. + +-I also want lasik eye surgery but that's only 2,000 and I supposed I could save up from working. It's technically a cosmetic surgery so it was always out of reach to me because insurance won't cover it. But I've bought my own glasses and contacts since I was 15 so I'd be saving money in the long run. (I.e. I don't consider it frivolous) + +-same with a new laptop and stuff like that. I know I can buy it otherwise if I saved my money but I think I'd be able to justify using the insurance money because it would be beneficial to my career. (Right now I don't have a laptop so I have to go to my school all the time and they're not always open) + +Thoughts I don't have: +-blowing it all on frivolous things +-buying a car or anything with a sunken coat +-putting it all in savings. I am really broke right now and I'm about to not have anywhere to live this upcoming summer. +-my sister's wedding is coming up and I think that would be shitty to use any of that money to pay for the bachelorette party and a gift and stuff. Right? I'm not sure. +-making a large and risky investment +-doing anything with it that wouldn't make my mom proud of me. + +Thoughts?? +Anyone else been in a similar situation? +I guess it's different because I'm not an adult with a steady salary. +Idk!!!!!! +If any of this sounds really dumb or idyllic in anyway please let me know. Don't hold back (obviously) I NEED to make the right choices. This is a huge responsibility and I've always fucked up in life with money, and this is my chance to redeem myself. +TLDR: +I have more money now than I've ever had in my whole life and I'm only 20. What now???? + + + + +I’m almost 29, and I’ve lived with my family my whole life. My parents own a two family home, and my brother and I have the upper floor. We pay our own gas and electricity and are fortunate enough to not pay for rent. + +I’ve been aggressively paying off my student loans off, and I have about 20k left. Not eligible for the debt relief, so I’ll have to do it on my own. I figured once I’m done with that, I can do some serious saving for a home on my own in the next 5-10 years. I plan on ending my student debt by the end of next year. + +I’m a newbie with budgeting, so I’m not sure where to start, at all. Or even where/how I should be spending my money. Some things that might be helpful to know: + +My parents will both be retired next year. They plan on transferring ownership of their home to myself and my brother so we will have to pick up some house expenses. + +I have a checking and savings account, a high yield savings account, a personal Roth IRA, and my retirement account from work. + +I don’t own a car and mostly Uber/commute. My current job allows me to work from home so I don’t commute to work often. + +I live in a major city and the cost of living is pretty high. I’d like to look for a house still in the city since I don’t drive. + +I currently have an excellent credit score + + +How should I get started with budgeting? How should I save for a house, and how much should I have saved before I start looking? +My husband and I are in our early 30s, renting for $950/month all inclusive in a MCOL area. We haven’t always made good financial decisions but have been working hard on cleaning up our acts. We have about $30,000 saved. We anticipate inheriting $16K plus in the next year from my husband’s mom who recently passed - things are going through probate now. + +Today we are looking at a $239,000 house. My income is $49,600. My husband makes around $25K or so as a landscape gardener with his own business. (He plans to finish his degree and raise his income.) + +I prequalified on my own for a conventional loan with 8% down, at 2.89% interest. + +We have paid off all private student loans and credit card debt. I have $14,000 in federal student loans, and my husband has $40,000. Both in forbearance (no payments, no interest) through January. I am eligible for PSLF in 8 years as I work for a state university. We want to have a kid, pay down debt/build wealth, and probably move somewhere more interesting in 8 years or so. We are near my family, and my job comes with a pension, but I don’t want to live here forever. (ETA: If I leave my job I get to take my pension fund contributions with me, which are currently around $5K a year. We also have about $3K in IRAs). + +If we love the house, should we buy it? Or keep renting and saving and maintain the flexibility to move for my career? +TL/DR: Annuities are a transfer of risk that could be valuable for some people’s situations. They get a bad rep but are a great tool when used correctly. + +I know the general sentiment among the average investor is a hate for annuities. Don’t get me wrong, the annuity space certainly deserves the bad rep it gets from years of sleazy salesmen. However, annuities are good when you understand them. They are not an investment. They are a transfer of risk. + +Here is a quick example. + +Say there’s a 65 year old with $1M and is looking to retire. General wisdom says a 4% withdrawal rate for a 60/40 portfolio will last him 30 years. Great! Let’s say they only need the 40k a year this nest egg provides to live off of. + +What if we could reduce the withdrawal band? Running a cannex report for a SPIA (single premium immediate annuity), I get a monthly payment of $1,214.91 or $14,578.92 annually. This is based off of $250k in premiums for lifetime income with 10 years certain. + +Now, there’s $250k in an annuity providing $14.5k. That leaves a gap of $25,421.08 to reach the $40k he needs. Withdrawals of $25.4k from the remaining $750k gives a withdrawal band of 3.3895%. + +Everyone knows a 3.39% withdrawal is better than 4%. This individual now has 3 options. They could take 4% of the remaining $750k and end up with more money for the same risk. They could invest more aggressively (80/20) with the remaining $750k and have more upside for similar risk. Or they could just withdrawal what they need with the same 60/40 portfolio and overall have a greater chance of success. + +Are there downsides to annuities? Of course. There is pros and cons to everything in life but the fact that annuities aren’t considered by the majority of people because “they are bad”, “have high fees”, or “only sold be commission greedy people” is just absurd. I’d love to go into pros and cons if there’s an interest. + +Would love to hear discussion on this! + +TL/DR: Annuities are a transfer of risk that could be valuable for some people’s situations. They get a bad rep but are a great tool when used correctly. + +Edit: Lots of great discussion! Thanks everyone for joining in! +What's the best way to minimize long-term capital gains tax? My current state (North Carolina) has a 5.75% state income tax. I'm considering moving to Texas or another 0% state income tax to reduce the tax I need to pay from a $1 million Bitcoin sale. ($57,500 state income tax in my current state) + +I have a W2 job which lets me work at home 100%, and own a home in North Carolina. In 2017 I will be in the 15% tax bracket. + +If I rent an apartment in Texas, register my car there, and get a Texas driver's license, would that be enough to prove I live in a 0% income tax state? + +I don't want to commit tax evasion, but rather tax avoidance. + +Also...would it be worth it to move to a country with 0% capital gains tax on Bitcoin such as Singapore or Germany? Then I would save approximately $300,000 on taxes [I'd have to give up my USA citizenship, but I don't have any family here or anything tying me down to here really] +As the year-end approaches, many are thinking about last-minute tax deductions and strategies. With the tax law changes, many people will be filing the standard deduction, rather than itemizing. That limits deductions even more. + +IRAs are an option for many people. If you make too much money and are covered by an employer retirement plan (401(k), 4032(b), etc.), you may not be able to make a deductible contribution. + +The other option is a Roth IRA. Though not tax deductible, there are many other reasons to consider a Roth IRA. However, Roth's also have an income limit to contribute. + +The way around that is the backdoor Roth IRA. This post reviews how it works and what you need to know about it to avoid the pitfalls. + +[Is the Backdoor Roth IRA Right for You?](https://moneywithapurpose.com/the-backdoor-roth-ira/) + +&#x200B; +I work for a start up and we are about to be bought out. I have 20,000 in stocks and they will, at minimum, be worth about 200,000. + +What is the best course of action? + +I am 28F. + +I currently make 85,000/yr. + +I own my house with a 300,000 mortgage (3.3% interest rate - monthly payment rolled up: 2,220). + +I have 80,000 in federal student loans. + +No other debt (I own my car, pay off credit cards in full every month). + +I max out my Roth and get the employer match in my 401k + +I have security fund of ~12,000 (slowly increasing this but I just purchased the house in October so it took a hit) + +I am thinking I want to pay of my student loans, but I am also interested in “house hacking” and renting out my finished basement for income (this was my plan B to pay my student loans) + +Should I pay down my mortgage and refinance for a lower monthly payment? + +I guess I am asking what hypothetically you would do if you were in my position + +Thanks! +I recently refinanced my house down to a 15 year mortgage. We had about 22 years left on the original loan. Due to a lower interest rate and no longer having to pay PMI our mortgage payment went down about $40. We are saving about $63,000 in interest over the original loan. We started the 15 year loan on the first of March and immediately started paying an additional $200 every month. In October we paid off both of our vehicles resulting in an additional $700 a month. Starting November 1st we added that $700 to the extra $200. If we keep adding $900 a month our mortgage will be paid off in 10 years. Should i keep adding the extra money every month or would it be better to invest into something like VTI? + I finished a masters in September and now I have 10 months to wait until I start a funded PhD. It wasnt enough time to get any relevant industry experience so instead I decided to work as a temp for 6 months in Saudi Arabia. (It sounds odd but I had a career in education previously, so it was easy to find a job here.) The country is shite and the job mind numbing, but I can save faster than I ever will in the UK (£2.5k/month). So I think it's worth 6 months boredom/loneliness. + +Why im posting is to ask: + +Is it wasteful to then spend £5k on a long holiday? It would fit into my budget\* and is something I have wanted to do since I was young (travel the length of japan). But its such a large amount, and it equals 2 months of work which over here feels like a year. I feel guilty about it even though it would be with low cost airlines and Airbnb to save money. My circumstances here are a little unusual so its hard to know whether I'm being financially reasonable or not. + + + +\* I have a £5k career development loan I want to clear early, £3k I would like to keep as savings, and £2k to cover living expenses until I recieve my first stipend at the end of September 2019. +By "magical" I mean that if they have any secret formulas kind of stuff in them. + +I understand that it solely depends on the person who's learning and trading to make profit after any kind of courses. + +But I'm curious what these highly expensive paid courses have in them? If the people who are selling them are so sure that this strategy makes money, why aren't they using that same strategy to make more and more money and keep the strategy a secret? +23m, single, last year of school, working at a grocery store for $16/hr. Been trading for about four years and making decent gains (I'm up about 30% this year—but who isn't). My goal is to make enough income off of the wheel strategy (maybe a few credit spreads here and there) to sustain myself while I focus on making music and youtube videos in my spare time (hopefully those will eventually net me a profit too). + +I want to hear your biggest failures, disappointments, and screw ups. Someone beat some sense into me! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +So I was just browsing AMC options, considering maybe opening some spreads. Out of curiosity I opened the Jan 2023 date and notice a 145P has an ask of 116. That seems like a terrible bet, just wondering why anyone would ever sell that. If AMC falls under 29$ within 476 days(extremely likely) its profitable to exercise. Just trying to understand why anyone(market maker or not) would sell that, it seems like a lose/lose. +I'd like to start by saying I appreciate you guys, even though I always get flamed like a retarded little brother in here. I'm new, I deserve it + +Anyway, someone said the "Poor Man's Covered Call" is better than the regular CC. Is this true? Why? I looked up PMCC and I'm not understanding the benefit. + +Thanks in advance +This questions is more for people here who have been selling CSP for long, especially through the downturns. CSP is usally a pretty safe strategy, except in case of a market crash such as that in March 2020. An occasional drop in one equity is one thing, but a drop of 15-20% or more, across the market would be seriously eye watering. + +I would just like to know how theta gang here handled this when it actually happened? Did you have something to cover (long puts, short puts on bearish ETFs, or something else), or just took the loss and moved on? +For reference, I have a bearish outlook of the current economic situation, and it has greatly influenced my credit spreads and general positions. However, I worry that my outlook is clouding my perceptions, and as a result, I may not be able to see the picture as a whole clearly. Thus, I'm looking for reasons (beyond *it's priced in*) that the stock market (and economy as a whole) could recover in the short term (1-3 months). Any ideas? +The returns with the wheel / selling options seem low at first glance -- say 0.5%-1% per week, but they are HUGE over time -- 20-30% per year is massive. With 20% you can double money every 4 years + +Selling options seems much better than buying real-estate or PE funds or other exotic investments. You keep control of your money, there are several mitigation strategies, full liquidity, etc. + +What's the catch? Why are more people not doing this? +Curious to know your thoughts. + +Let’s say you sold a call 45DTE, when it’s 21DTE you already got 80%+ of the premium value. +Then imagine that today is a red day for the stock, you buy to close the position. +Do you wait sometime the stock to get green to sell your another CC ? + +Or you just buy and sell exactly at the same time and don’t even look if the stock is green or red? + +Thanks! +So yeah I'm about to join theta gang. Never traded options before. Going to sell cash covered puts on AMD. Thinking of July 31st $51 puts which are selling for $3.45 right now. + +IV 60, chance of profit 66%, Delta -0.3 and theta -0.05 + +I don't mind being assigned and holding AMD long term +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hi, I am trying to find safer stocks to sell CSPs. Do not want much every week - just $100 per week. What are the safest stocks/ETFs for consistent gains. +Just wanted to ask everyone, usually we all are ~~buying~~ selling CSPs, with some continuing on to get assigned and wheel, or managing the position to keep from getting assigned. Since everything doesn't always go up, and you think you know the directionality of a stock, are you ever selling a naked call (if you are allowed in your account) or alternatively a bear call spread with a very far OTM bought call to mimic a naked call? + +I had a lot of time yesterday watching videos and reading and it just didn't make a whole lot of sense to me to potentially cut yourself out of plays waiting, for example, a red day, to sell a CSP when you could have alternatively written a BCS instead. + +Would have been good to do lately on TLT for one, and maybe depending on the next couple years, a lot more underlyings as the whole market possibly rolls over. +I am relatively new to this sub, but not to selling. I have noticed that there are credit spread advocates and CSP advocates, and that it is almost like a political division in the intensity of the arguments. In my opinion, a credit spread with a wide spread in strikes behaves in all ways like a CSP, but ties up less capital and affords some downside protection. When the value of the long option is much less than the short option, then the Greeks in the price region of the short option differ little from the case of a CSP with the same strike. Rolling spreads like that is not hard. Does everyone agree with that? +We are first-time buyers looking for a house in London and couple of offers have been rejected. Our offers were never lowball and were always based on the recent sold prices of nearby properties, condition of the property, work required to be done before moving in. Basically we offered what we felt the property was worth. Percentage wise maybe we offered 1 to 4% below the asking price on a 500000 property. +The pattern that we saw in both the rejected offers were they only entertained offers atleast 1% above the asking price. + +I always thought that as first-time buyers with no chain , with both of us in full-time employment in IT and a good deposit, we would be able to negotiate prices a bit. Doesn't look like from our last couple of experiences! + +Edit: and has anybody in London in the last few months managed to get an offer accepted, which was less than the asking price? +I'm late to this realization. I didn't think about this until someone on Fast Money mentioned it in passing tonight. I searched /r/investing and there was 1 recent post and it was 3 weeks ago! + +How have we not been talking about this? + +You can blame who you want for the debt we have, but can we afford to take on more? Enough to build a billion dollar wall, increase military spending, improve infrastructure, fix healthcare and cut taxes all at the same time? + +Here's a ~2 week old story from Bloomberg: + +https://www.bloomberg.com/news/articles/2017-01-18/debt-ceiling-dilemma-redux-gives-u-s-treasury-bills-a-squeeze +https://www.marketwatch.com/story/a-27-year-old-truck-driver-just-became-robinhoods-first-big-headache-of-2022-11641856157 + + +File a Complaint Here: https://www.finra.org/investors/need-help/file-a-complaint +TLDR - Limit on shares released by GME, No limit on how many can be sold by Market Makers to continue to "provide liquidity". Supply and demand is bullshit in the markets for stocks that don't fit the mold of the market. Market makers make shares and don't have to deliver "on time". Absolute Bullshit. GARY GENSLER. This is what needs fixing. You can only have 76 Million shares. NOT 300 Million to "provide liquidity". + +&#x200B; + +Ok, In my fairly short time in the markets and that is about 5 years.... I've always thought that there is a limit to how many shares of a certain stock are on the market and there is from a company's perspective, and there are from the companies prospective. I've also been lead to believe by the dynamics of the market that stocks are driven by supply and demand. + +Ok lets get down to the crux of the matter. \*\*\*\*Market Makers can make more share legally\*\*\*\* (Well not exactly) to provide liquidity. Lets break that down a second. " [Market liquidity refers to a market's ability to allow assets to be bought and sold easily and quickly" - Investopedia.](https://www.investopedia.com/articles/basics/07/liquidity.asp) + +So 76.49 Million shares have been issued by GME, 61.76 are publicly traded. To allow for easy trading of a stock market makers can make shares (or duplicated, triplicate etc..) without having to deliver them on time. They've always been able to use deep in the money calls/puts to shift delivery but this GME scenario has really shown how problematic this can be for retail investors. Gary Get off your ass and fix this "Market liquidity relief process". + +What all investors believe is that the law of supply and demand rules the market price of a stock, well that is until there isn't any left to buy and then they just make some up with no defined time line or intent to return them. + +GAMESTOP - Are you getting the capital returns on the extra shares these market makers are creating? Are the filings getting updated to show how many shares exist? NO, you're not. Nor is any other company for their share that these market makers are "Shorting", "Providing Liquidity". + +If 10 shares are available from the company and 10 shares are bought, then someone else wants to buy 1 of those ten shares, they must wait for one to become available and or ask the person who owns 1 of those shares what their price is... guess what providing liquidity is not, I repeat NOT just creating more. That is just fraudulent shit. ---- Trimbath is right about one thing, FTD allowance is our end problem. +The *mempools* are currently about [42MB and consists of 30k pending transactions](https://tradeblock.com/bitcoin). Some people are experiencing confirmation delays as a result of congestion and improperly calculated fees. The mempool has grown much larger in the past, so I don't see cause for concern at this point aside from the inconvenience experienced by legitimate users. + +/u/statoshi pointed out [something](https://gappleto97.github.io/visualizer/) that indicates [someone may be abusing BTCC's block priority service](https://twitter.com/lopp/status/743178981688508416). Given how quickly the mempool size spiked, it does seem like something funky is going on. The fees being used are more than previous spam attacks, so this is likely to be rather costly for whoever's behind it. There have also been [several attempts to exploit the congestion via social media manipulation](http://archive.is/Ov1DY). + +* If you're waiting on a transaction and need help troubleshooting, please post your Transaction ID here. + +* If your transaction approved promptly, please post your Transaction ID here. + +* Use [bitcoinfees.21.co](https://bitcoinfees.21.co/) or [bitcoinfees.github.io](https://bitcoinfees.github.io/misc/profile/) to help estimate fees for your transaction. See /u/Chakra_Scientist's thread for [more info](https://www.reddit.com/r/Bitcoin/comments/4o9jac/guide_to_getting_your_transactions_processed/). + +* Post your reviews for which wallets are handling fee calculation the best/worst. + + +To participate in the Algorand governance program, you need to deposit your Algo in one of the supported wallets. + +Binance has conveniently disabled ALGO withdrawals a few days ago by putting it in “maintenance mode”. Up until today it said withdrawals would be re-enabled on 30 september. I just checked again and now it says 15 October. + +Maybe they’re scared of a large Algo outflow? Smells of manipulation. + +Anyway, don’t buy ALGO on Binance, you won’t be able to withdraw to the supported wallets for the governance program. Be warned! + +EDIT: the sign up period for the first period of the governance program is 1-15 Oct so they are definitely trying to screw people over +.....and DRS is totally legal. + +&#x200B; + +With the media supposedly speaking to investors and retail daily, why would they not have a segment about GME having this huge amount of individual investors all direct registering their shares. Not a meme. Not funny. Not anything other than individual investors wanting to register their shares in their own name because they do not trust the market. How is this not a huge story? DAILY. Even if they hated MEME stocks, why not teach retail about direct registering? Instead they mock retail. This is the biggest movement that has happened in the market in my lifetime and yet they refuse to make it a story. Why? Because they know it would snowball to other stocks, and especially snowball the GME movement. It doesn't take a genius to figure out who MSM works for. I cannot think of a single reason that these talking heads do not push DRS other than it breaks their casino. People wouldn't need to sit and watch their keno-esque board tickers all day, and listen to these talking heads, if they understood DRS breaks the system. +https://www.cnbc.com/2019/10/31/pinterest-pins-stock-falls-after-third-quarter-sales-miss.html + +Earnings per share: 1 cent, excluding some items, vs. 4-cent loss forecast by Refinitiv. + +Revenue: $279.9 million, vs $280.6 million forecast by Refinitiv + +Monthly active users: 322 million, vs. 322.8 million forecast by FactSet + +Average revenue per user: 90 cents, vs 91 cents forecast by FactSet +EDIT: Posting the link to the live stream AMA If anyones interested. Starts in 20 minutes + +[https://www.youtube.com/watch?v=o-erErXhqgw](https://www.youtube.com/watch?v=o-erErXhqgw) + +&#x200B; + +Hey folks, + +Rubic dev team just tweet this: + +[https://twitter.com/CryptoRubic/status/1357328675910410240?s=20](https://twitter.com/CryptoRubic/status/1357328675910410240?s=20) + +There is also an AMA happening tomorrow morning on their new youtube channel, so hopefully they will discuss this. The community has wanted them to shift focus a bit to L2 which was initially slated for Q2. This is big stuff. L2 will solve the stupid high gas fees. + +RBC under a buck is cheap :) + +EDIT: For anyone wanting to watch the AMA on their new youtube channel tomorrow, and or participate: [https://twitter.com/CryptoRubic/status/1357375112337498113?s=20](https://twitter.com/CryptoRubic/status/1357375112337498113?s=20) + +Cheers! + On 25th February **Rari Capital** tweeted "Soon. [DraculaProtocol](https://www.reddit.com/u/DraculaProtocol/) x [RariCapital](https://www.reddit.com/u/RariCapital/)" [https://twitter.com/RariCapital/status/1364997819459719168?s=20](https://twitter.com/RariCapital/status/1364997819459719168?s=20) + +This was not an announcement, more like a teaser to the community. + +**Andre Cronje** on 3rd March: "**Keep3r** oracles [http://feeds.sushiquote.finance](http://feeds.sushiquote.finance/) updated; YLD & **RGT** (for native Fuse support) added Currently securing $324,677,899 in value on-chain" [https://twitter.com/AndreCronjeTech/status/1366912552224116737](https://twitter.com/AndreCronjeTech/status/1366912552224116737) + +**RGT** is **Rari Capital Governance Token**. The value of it doubled over nigh from around 70M to 140M mcap. **Dracula Protocol** mcap is 12M. (Makes you think) + +Today **Dracula Protocol** mod exposed that their "on a scale from 1 to 10 is 11" partner is a protocol that right now is one of the **Dracula Protocol**'s victims. The victims listed on [dracula.sucks](https://dracula.sucks/) are **Uniswap**, **Sushiswap**, **Pickle**, **Luaswap**, **Dodo**, **YFValue** and **Sashimiswap**. + +Now: **Sushi** core developer **Clearwood** has also created for **Dracula Protocol** and this can be seen on his Github. They were made on October and November. [https://github.com/Clearwood?tab=overview&from=2020-12-01&to=2020-12-31&org=Dracula-Protocol](https://github.com/Clearwood?tab=overview&from=2020-12-01&to=2020-12-31&org=Dracula-Protocol) + +Also, the **Dracula Protocol** V2 is launching very soon, and they now have a heavily automated platform, which would mean that **DRC** is also playing a part in **Rari Capital**'s cooperation with **Kp3r**. + +As **Dracula Protocol** is only 12M mcap and it *IS* partnering with **Rari Capital** and it *MIGHT* be cooperating with **Kp3r** and is *PROBABLY* partnering with **Sushi**, what do you think will happen to the token price as they announce the partnerships as they launch V2? + +The code has gone through an audit (**solidity finance**) and was deemed safe. They will only be adjusting something in the code that has to do with gas optimization. Then these parts will be audited and tested and then the launch will happen. + +If you want to understand the reasons why **Rari Capital**, **Sushi** and **KP3R** might see value in partnering with **Dracula Protocol**, read this medium post about V2, the protocol is something unusual [https://draculaprotocol.medium.com/preparing-for-dracula-protocol-v2-bc9ee9ac408a](https://draculaprotocol.medium.com/preparing-for-dracula-protocol-v2-bc9ee9ac408a) +Direct Quote from the Book + +>After Brad \[*Katsuyama*\] and Ronan had left his office, the president of this big hedge fund, who had never before thought of himself as prey, reconsidered the financial markets. He sat at his desk watching both his personal online brokerage account and his $1,800-a-month Bloomberg terminal. In his private brokerage account he set out to buy an exchange-traded fund (ETF) comprised of Chinese construction companies. Over several hours he watched the price of the fund on his Bloomberg terminal. It was midnight in China, nothing was happening, and the ETF’s price didn’t budge. He then clicked the Buy button on his online brokerage account screen, and the price on the Bloomberg screen jumped. Most people who used online brokerage accounts didn’t have Bloomberg terminals that enabled them to monitor the market in something close to real time. **Most investors never would know what happened in the market after they pressed the Buy button. “I hadn’t even hit Execute,” says the hedge fund president. “I hadn’t done anything but put in a ticker symbol and a quantity to buy. And the market popped.” Then, after he had bought his ETF at a higher price than originally listed, the hedge fund president received a confirmation saying that the trade had been executed by Citadel Derivatives. Citadel was one of the biggest high-frequency trading firms. “And I wondered, Why is my online broker sending my trades to Citadel?”** + +Michael Lewis wrote "Flash Boys" published in 2014. I read it back then - a large part of the story follows Brad following the trail that leads him to concluding the only sane thing to do is to kick the predators (Citadel) in the balls, by founding IEX. In 2014, it wasn't clear IEX would survive (regulatory capture), and I have no idea how well they are doing, but they're still around, so that feels like a win. I wish my brokers used them as a routing service though. +Today i decided to buy a VIX contract expiring march 3rd at 10USDA with a 30.1 cost per contract. + +I thought i was so smart by buying a call way below market trading price (if you Google VIX, it "trades" at 45USD). + +I bought a single contract because my 5k cash apparently didn't let me buy more (and I didn't know why), i originally wanted to buy 50 of these. + +It immediately deducted 3k cash from my balance and i got a notice that my account may get liquidated if the price keeps going down. + +I panicked and called support and he told me: + +*Yep, you bought a contract, worth 100 VIX, on margin, you are 28 thousand on this trade and it is about to get liquidated if it goes a cent below* + +WHAT THE FUCK, everybody in my wage slave office went quiet and felt my fear. + +He helped me sell it for break even after the little volume available upped it from 29 to 30.10 bucks and i just got hit with a 1.5USD tx fee. + +Fuck options i thought you just spent the cost of the contract, i almost got myself 26k in debt. + +https://imgur.com/a/IxioRG6 screenshot of the 3k deducted, how the fuck that meant i took a 28k margin position is beyond me + +https://imgur.com/a/EYgMW6T warning i got for those that don't believe me. +Hey I was just curious if any of you have any tips on how to be consistently profitable day trading options or doing weekly options like I prefer to do. + +What things do you do to keep yourself well risk managed and how to keep yourself consistently profitable? + +I find myself having kind of flip flopping between good and bad days. I have a v small account (a bit over $1k, which I grew from $200 in two weeks) and I would like to really grow it up to like 50k this year. I feel like my biggest hurdle is wrong timing on entries, chasing, or like impatience and getting out too early or right before it’s about to reverse in the optimal direction... I would appreciate any tips you have to help control this + +Thanks! +Nothing scares me anymore, right now my financial future is secure. I have more money than I’ve ever had in my life. It can’t be confiscated, stolen, devalued, undermined, frozen, etc. I can take it to any country on earth and easily convert it to some form of usable currency there. When hyperinflation comes, the price of Bitcoin will hyperinflate as well and my financial status will be protected. Holding Bitcoin has shown me that the news is just a tool of control to spread fear, uncertainty, doubt so that you act out of emotion, so I don’t watch the news anymore. My life is tranquil, every day I just do what I need to do to acquire more Bitcoin and I execute my plan effortlessly knowing I am on the path to becoming my own sovereign person that nobody will be able to control without use of physical force, which I will be prepared for. +I have a credit card where my sister is an authorized user on it. She passed away recently and I am worried about her debt collectors going after my credit card to collect money. Is that even a thing? Can that really happen? + +Edit: Thankfully she never used the credit card for anything. + +Edit: I like to clarify by “debt collectors” I mean any debt incurred from elsewhere. Like her medical bills for example or her other bills she had. Like I said before, she never used my credit card. But as I learned here a credit card is not an asset anyway, so I need not worry about it. Thank you everyone for explaining! +So on Wednesday January 27 the AMC option chain showed a Jan 22 $15 put with an asking price of $33.20. How is that even possible? I took a screenshot too. It was real. Someone please explain +https://www.cnbc.com/2019/10/30/atts-stankey-heres-why-were-charging-more-than-rivals-for-hbo-max.html + +WarnerMedia released details of its upcoming streaming service, HBO Max, on Tuesday. + +The service will cost $14.99 per month. + +Stankey on Wednesday emphasized that HBO Max’s content will set the service apart from competitors. + +Netflix is currently up 4%!! +Hey guys. Where do I start if I want to start learning how to trade? My plan is to learn for a few months then do paper trading on ThinkOrSwim. I have no idea where to start though +I haven't been to a coffeeshops in nearly 2 years. I've been doing an amazing job making it in a coffee pot at home, or worst case spending a $1/$2 refilled at a gas station, or paying .50 cents at work. + +However today, I decided to stop by one, while waiting for a friend. I went to this one local shop that I've been eyeing for awhile. I was so excited to try it! The vibe of this place had this cool punk musician vibe to it, the smell of the place was reminiscing, and it reminded me of how much I missed going to coffeeshops. I went to the counter, order a small latte, and a pastry... $12... $12 freaking dollars!!! WHAT THE HECK!!! + +$12 could get me some really good food, $12 could get me 4 good beers during Happy Hour at a bar, $12 could get me 3 all day bus passes. I could even use $12 at a Greyhound to get from Phoenix to Sedona (about a 2 hour drive). However one of the many thing I would had never imagine is paying $12 for a coffee, and a pastry. + +Sadly I paid for it, because I was already in line, and I do try new places for the experence, even if I disagree with their prices. But this shit was disgusting!!! The coffee was bad, and the pastry was bad. I basically wasted $12 on crapped, or paid $12 for crapped. I now know to never go to a coffee shop again. +I have been speaking with a recruiter about taking a CEO role at a PE-backed SaaS company. $8M ARR, 40%+ EBITDA margins, growing 15%/year, although they think with the right leadership that could be much faster. Cash comp is fair, but the real upside is in the equity. The offer is 4.5% equity stake. How much value would you put on a stake like that? My best estimate is that the company is probably worth \~$50M, so that stake is around $2.5M. On the other hand, if I am successful in growing revenue 5X and accelerating growth rate, it should be worth much more. Do you have benchmarks on what PE firms typically give for CEO position? I believe my background and skills are well suited and that I could execute well in the role with minimal learning curve. +35/married/1 kid, $4.5 million NW + +I made a few million in my 20s as a CMO of a few SF tech startups. I then started launching eCom businesses in recent years. + +I just sold one eCom company and my house. We're going to leave the Bay and go to Austin. We plan to rent at first? + +From those deals, we have $2.5 million in cash post-tax. We have no debt. + +The rest of my NW is roughly spread as follows: + +* Rental Property (Managed by 3rd Party) - $500k (generates about $40k/year in net income) +* Stocks/ETFs - $500k +* Equity in Remaining Businesses - $1 million (inclusive of inventory on hand, which typically gets sold at cost with businesses) + +**About the Businesses:** + +The businesses are all remote. I use 3PL facilities in Nevada. I can take time off whenever I want and for as long as I want. I take 4-6 weeks off sometimes and barely check email for the entire period. They're nice lifestyle businesses. + +The businesses are easily sellable. I have sold three in the last few years. Brokers can sell them in a few weeks. There are many cash buyers. + +I have always generated material gains year-over-year in the businesses. They typically cost me $50,000 to $250,000 to launch (design, website, marketing, inventory). I do sometimes start losers, but once I get something profiting, I have never had a business go backwards year-over-year in my entire marketing career. I have one business that I value at $500k now, but I think could be worth $3 million+ within a year. + +I don't net much on a cash basis, because I've been scaling my operation each year to support launching more businesses. So the remaining profitable businesses currently make around $250k, but I'll likely spend that on launching new businesses, making new hires, and scaling inventory. So despite creating millions in equity value over the years, they were pretty much cash neutral until I recently sold a business. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +My wife and I have been looking towards retirement for years. We are probably a few business sales and just a few years away. Now that we're sitting on a pile of cash and have sold our house, we are considering our next moves. + +**We'd love some guidance/thoughts on the following:** + +1. I need to keep around $500k in cash equivalents to use for inventory investments in my businesses. With bond rates so low, what would be the best place to put that money where I can get some return but have it available on very short notice? +2. We are worried that the stock market and property values are in a bubble right now and fear inflation's potential effect on house/stock markets. It seems like the consensus on this forum would be to not try to time the market and immediately put most of the remaining $2 million straight into SPY or a small-cap ETF and leave it for the next 20-30 years. Given our situation, that we would like to retire in a few years, would that wisdom still apply? +3. As mentioned, we have one rental property generating solid income. We have talked about spending another $1 million on income properties in beach areas of a few different international markets to diversify a bit and give us some place to visit regularly. Those would be cash investments as you typically can't borrow overseas. From my research, we might expect to make 4-7%/year. If fatFIRE is our goal, and we plan to retire at $7m or so in net worth, how does that sound? +4. We are interested in moving to Europe in the next few years. We'd like to live in a major city in Spain or France. What visa options should we look at? And would it appear likely that we'd have to pay estate taxes in Paris or Barcelona given our net worth and portfolio mix? And what if we had $7 million mostly in the stock market at the time of a move? +5. For those Americans that have already fatFIREd and moved overseas, do you own/maintain a USA home-base? We are debating in taking advantage of the low mortgage rates and buying a place in Austin that we could rent out when we go to Europe, though we have big reservations given how frothy the Austin market is and our previously stated concerns about a bubble. + +&#x200B; + +I have really spent a ton of time thinking about all of the above, and I have some analysis paralysis, so I'd appreciate any advice. +I made a serious mistake. I'm 28. I sold my childhood home for 160K. I had 155K in the bank @ that point. I bought a house (that I think I overpaid on) for 230K, I put 70K down. I went from owing 12K on the childhood home to owing 160K on the New Home (I beat myself up for that one). + +Then, I realized I don't really like the house. It need's a lot of work. It needs a new roof. It need's drywall done, etc. + +Then, I realized the prospect of staying @ my current job for the next 30 years depressed the crud out of me. I'm being offered the opportunity to live an RV, go to school, and essentially be a hippy for awhile. (I know, this sounds so millennial.) + +I put my house on the market, and I know I will take a loss if I sell it. I listed it for 240K. I have an offer on the table for 200K. It's a BIG loss, I know. If I roll the dice, and go chase my vague dreams, will I be able to recover from this? + +I have 60K in cash, 20K in APPL stocks, and 30K in 401K. +What a turnaround. I started writing a piece about why we shouldn’t mind KYC unless we’re criminals, and through my journey, I realized I was totally wrong. + +First, there’s a data breach; once a hack happens on all KYC data, the amount of info they will get would be astounding. They could literally take your ID and sell them to identity thieves if they don’t use them themselves. + +The second is that all of that information you supply can be used against you without a warrant. Of course, if you are not a criminal, you think you have nothing to worry about. But there are more instances than not of people being wrongly implicated in crimes. + +Third, people have to go through a lot of fucking shit to provide the necessary assets for KYC, and some people don’t have the means to do that. + +This was definitely a lesson in DYOR for me. A total turnaround in viewpoint. +I FIRED in my mid-20s and for a long while used to tell people that I still did what I used to do (modeling) or editing (which I also had done on and off). As I started making friends with people older than I, already retired, and in similar financial situations, I felt comfortable revealing to some of them my situation, and I don't regret it. I've been able to openly discuss finances with them and it's a relief to not have to keep maintaining a false backstory. + +&#x200B; + +But in most other cases it feels unwise to reveal the truth. I hate lying, but I also find that if I'm honest with certain people, too many problems arise. Many of these problems have been / are discussed extensively here, so I won't go into details. Briefly, I like to have wide social circles, and to my friends who are around my age (now in early 30s but look much younger, like high school or college-ish, which does not help the situation), jealousy can arise. When it comes to dating (I'm a hetero woman) I don't want men to think I'm a deadbeat (which I'm afraid they think when I venture "I'm not working right now, but looking around". On the other hand, I definitely don't want to give any clues as to my net worth. + +&#x200B; + +I think what's tricky about the situation is that I have no idea how people will react. I was looking to rent a room a few months ago, for instance, and simply told my prospective roommate, whom I called from an ad on CL, that I'm a "retired model" and she seemed fine with it. There are other people though, whom I can intuitively tell would think many negative things about me if that's what I said. And it's not just social image I'm concerned about - I also don't want to expose myself to things like frivolous lawsuits. + +&#x200B; + +So I tend to use my intuition when deciding what to say, but it starts to get tricky after a while, and when people from different social circles meet each other, I run into problems. Soo.... how do you all handle this? Do you maintain one story that you use with everyone? I feel like that would be simplest but recently when I told a couple new acquaintances the "truth" I soon regretted it, so I feel inclined to going back to my various lies. + +&#x200B; + +I always hear the advice given to say that you freelance or work part time in your old career or "manage investments" or are taking time off due to health reasons, etc, and I think any story can work well for a particular situation, but none work well for all situations, if that makes sense. And it is getting extremely tricky to keep it all straight. +I am somewhat a beginner to investing, specifically in dividends I do the odd short-term stock investing every now and then but I've never settled down with an account that yields annual returns with very little effort. My main goal would be to use the annual returns to purchase more dividend stocks until I am happy with my return of investment. + +Before I purchase any stocks are there any resources online to help me determine the ones that yield the best returns and how much I should diversify my investment in terms of sectors? +I'm 48 and would like to retire in a year and a half. I have about 750k, split between taxable, IRA, and ROTH accounts. Currently holding a large mix of stocks and bonds. + +I'd to know if it's possible to generate 50k (or more) per year in dividends with the right mix of ETFs or single stocks. Is that a pipe dream or something that is completely feasible? + +If you were task with putting a 750k portfolio towards that 50k per year income goal, what would you suggest? + +Thank you for your thoughts. +Hey All, just curious to know how you would invest $50k to maximize your quarterly dividend payouts? Would you put it on a long term dividend reinvestment or a sector ETF? Trying to help a family member with as much info as possible! +Let's play a game: what is the safest stock in the world? + +I mean, if the world was to collapse, undergo a prolonged period of depression, if the US dollar was to lose its' hegemony, or any other depressing event that you might think of. + +Which stock/company do you think will survive these hard times, and you are ready to hold it for the rest of your life? + + +Some rules: +1. No ETFs, only individual stocks. +2. You can choose several stocks. +3. You can pick a stock from whatever country you want. +4. Explain your choice. + +Let the game begin! +...that yield a decent dividend (not an ETF), do you personally like to automatically roll that dividend right back into the stock? Or do you like to collect the money to do something like put it towards other investments? +Is this possible? I am about to come into a large amount of money. +Which stocks should I be investing in? Which stocks are nothing but traps? + +Any general advice for how to keep my dividend investments up with inflation rate? + +Edit: aiming for 50K-70K dividends per year. Not sure if possible. If not, what can I realistically expect off of 1 Million? +Its pretty clear at this point the fed is going to have to raise interest rates much sooner then expected or face extreme inflation, with a huge rise in interest rates its very likely that the rampant speculation on the housing market will end abruptly, I am worried for all the die hard REIT holders out there, smaller REITs may very well go bust, but bigger REITs like O likely have the capital to ride out a crash and continue dividends just at a substantially lower share price with potential dividend cuts. Are any of you worried about a housing crash? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! +I'm actually asking for a family member of mine who seriously cant decide what to do i know no one can know all the details and decide for him but id like to offer advice but don't know what to say. + +The Company is getting slower and slower and was offering redundancy to employers. there offering a pay out of $160K after tax. the yearly salary is $100K. They hate the job and always complain how toxic it is and how damaging it is to there well being, night shift etc and was set on taking the redundancy but now its actually an option they have no idea what to do as they have a fear of lack of money coming in. hes 57 and will be retiring in a couple years anyway and keeps telling us he wont be able to find another job. + +What advice can i offer? i feel like if there getting cold feet they don't really want to take it then anyway +edit: Thanks for all the feedback! I know didly about the stock market, but I had two good real estate ventures fall into my lap (which I do know about) and I only personally have the cash for one. It seemed like there has to be a place on the internet where people with prospects find investors, although a place like that would be ripe for scammers. + +edit2: I am not asking for money, more just curious if such a thing existed. +Like Brave New World, economic activity in China always struck me as a little bit circular -- aggressive local government growth targets, aggressive subsidies in strategic industries, extensive regulatory bureaucracy, and of course, ghost cities. Economic progress always seems paired with meaningful negative externalities, whether it be soaring home prices or poor air quality. Where in all this frenzy of activity would we see real productivity and GDP growth? + +[In an incredible paper from Merics China Monitor](https://www.merics.org/sites/default/files/2018-05/191017_merics_ChinaMonitor_42.pdf), UCSD professor Victor Shih shows that the Chinese economy does not come remotely close to earning its cost of capital: interest is actually growing faster than GDP, by a LOT. +[Charts](http://theyieldblog.com/china_2) + +Marginal growth in the Chinese economy could actually be considered a Ponzi scheme: interest service on credit was 17trn RMB in 2017 while incremental nominal GDP was only 7trn RMB: for every $2.50 lent out, we saw $1 of GDP growth. That's not economic profit, that's just revenue: it's completely possible that with a growth of $1 of revenue per $2.50 of credit, that the Chinese economy is engaging in negative return activity at this point. +[Charts](http://theyieldblog.com/china_2) + +A large portion of incremental interest growth seems to be getting rolled over: total credit grew by 52trn RMB, growing at 34% YoY despite only a 6% GDP growth rate. If Shih's estimate is correct, 52trn RMB is colossal. That's equivalent to $7.5trn USD, or roughly 35% of US GDP, in new credit being issued. +[Charts](http://theyieldblog.com/china_2) + +This effectively makes the Chinese economy a Ponzi scheme that lights money on fire: State-owned enterprises owe loans that can never get repaid, and State-owned banks continually amend and extend non-performing loans (NPLs). Since there never comes a "judgment day" where a self-interested third-party demands repayment, the entire cycle of borrowing at high rates and investing at a low return continues indefinitely. This inability of banks to recognize nonperforming loans is what most gives China its Brave New World quality: with muted market signals it's impossible to tell if you're building a bridge to nowhere. The Chinese government is paying people with its own paper, and recording debts, which are also denominated in its own paper. +[Charts](http://theyieldblog.com/china_2) + +Above, total credit has grown 33.8%, from 295% of Chinese GDP to 329% of GDP. +In early March, I submitted my 2018 tax reports through an online service and was swiftly denied for both state and federal, due to my dependents already being claimed. Due to some ongoing things at the time I filed an extension, and was unable to take care of it until now. + +My wife found out that her mother claimed her as well our son as her dependents on her own taxes. She simply said that she needed the extra money on her return. Additionally, we found out that she contacted my grandmother in order to get our son's SSN to add to her taxes, while already having my wife's. + +When my wife asked her mother how she was able to prove that they were her dependents, she simply explained that she used mail sent to her house that was in my wife's name (she uses her mother's address as a permanent address). + +I am simply looking for the proper and easiest way to handle this situation. My MIL would like me to simply submit my taxes without my wife and son as my dependents, but doing so would not only make my taxes incorrect, we would also be losing almost $3000 on the return. + +Other info: My wife is a stay-at-home mom and has not filed taxes. My son is 2 years old, and both my wife and son were included as dependents on my 2017 report. +My dad died and I need to take care of my mom. What would be the best way to get decent monthly returns so she can have some income to hopefully supplement her soon to be received disability payments. I have my own investing portfolio at vanguard. Is it possible to put the life insurance money into a certain low cost fund that will pay out monthly? I'm not sure what vehicles I should be looking into to minimize tax implications while maximizing returns. This money needs to last upwards of 15 years before she can get at the 401k or social security payments from my dad. Any direction or guidance on the investing aspect is appreciated. I'm looking into a lawyer for the other things. +I’m struggling to contain my spending for my own home.. I keep trying to justify it by saying I’ll be living there for a long time (forever I think, but who knows). Ofcourse furnishing a home to a nice standard will increase its value somewhat which puts my mind at ease but at some point you get diminishing returns and you’ll never get anywhere near what you put in.. + +For example, I’ve went from ripping out a perfectly fine laminate floor downstairs, to wanting to get just a top layer wood flooring to now solid hardwood costing me 3x the price.. tiles in the hallway went from a simple Victorian topps tile to now I’m looking at getting real marble. + +How much do you guys spend on a sofa? I looked at some IKEA but I’ve found they are just super uncomfortable, then was looking at west elm pieces and have settle for something in the middle at around 2k for a corner sofa.. how do you budget for something like this? +Hey Everyone, + +The classic money vs happiness dilemma. + +I'm at the point where I am ready to call it a day on an international assignment, I've been in South America for six years at this point. Overall it's been an incredible experience and an incubator for growth in all areas of my life (personal, financial, professional, etc). I've also had the opportunity to do some bucket list type of things (olympics, world cup, trek patagonia, etc). With that said I've hit a wall and I'm not happy with my life here. To be honest I've never been completely happy but I wanted to give it a shot before I called it a day. + +The main sources of my unhappiness are: + + +* Work - I simply am not interested in performing my current role any longer and have no other opportunities here +* Country - As much as I've enjoyed a new culture etc I'm over the dysfunction, the dishonesty, the bureaucracy etc. +* Social life - Even after learning the language and being here several years I've found building and being a part of an authentic/sincere community/group to be elusive. And this is perhaps the greatest source of my discontent. + +I can choose my departure date between mid year or end of year. The only thing that would keep me here for year end is the fact that i'd save about $30k in taxes and living expenses. While $30k is nothing to laugh at, it doesn't change my life at this point. + + +My current NW is about 515k and I'm 35 (STEM): + +\- 125k cash + +\- 205K AAPL + +\- 185k VFIFX (SEP IRA/ETC) + + +I want to think soberly as I know that emotions are prone to cloud judgement but part of me doesn't think the money is worth it given I've already been gone for so long and have wrestled with this over the years. + +Thank you for taking the time to read this. + +Edit: + +Intended use for cash: + +- 20-25k used car +- 50-100k downpayment on house/condo or outright purchase, furniture, etc +- Leftover as OMFG SHTF emergency fund +I'm gonna lay it down in simple terms, and let you guys bicker about it. Probably won't respond either, because I simply don't care. + +1. Speeeeeeed. Extremely fast transactions with the consensus protocol +2. ICO's... This + speed = major threat to Ethereum, as far as ICO's are concerned. Most people don't even know that Stellar will be blooming with ICO's this year, such as Mobius, SureRemit, and KIN. And this is just the beginning. +3. Mobius Smart Contract Platform. If this is a successful ICO, then this is a major threat to Ethereum. Stellar doesn't suffer from network congestion, after all. +4. Inflation. Ripple is deflationary by nature. This explains itself. +5. Half the circulating supply of Ripple: ... ripple is currently overvalued, and anyone who doesn't think so is naive. Imagine what Stellar's price would be with the same market cap as Ripple. +6. Support from IBM, Pundi X, and ATM's already in development. Need I say more? + +Stellar is gonna blow up this year. If you're not invested, get on board. It combines a Store of Value (Bitcoin) with a Smart Contracts platform (Mobius vs Ethereum), very fast transaction speeds, and support from major developers. Just because they haven't marketed and hyped the shit out of the coin doesn't mean it's a bad buy. And this isn't even mentioning the ability to host decentralized exchanges. + +Don't be an idiot. Sure, this is a shill post. But the writing is on the fucking wall. If you're ignoring it, that's your problem. +I need someone to explain this to me as im not sure how it all works out with regards to inflation etc. + +If i was to invest 400 a month for 40 years at a 7% return i would have a little over £1,000,000. + +But £1 million now will be worth much more than it would be in 40 years due to inflation eating at it etc. + +So when I reach retirement will my 1 mil only be worth say 400k in today's money? Sorry for what might seem a simple or noob question but i honestly have no idea. + +Its all well and good seeing a nice number but I would like to know how much it would actually be worth in todays money. +ETA2: Here's a [link to a version of our spreadsheet](https://docs.google.com/spreadsheets/d/1SX3rzTk6q3c5NOiSmox4lwaAKp5OX1NppYU4SFAXTjE/edit?usp=sharing) + +I simplified it a bit (to reduce the number of rows/columns to something more manageable). The first tab is just a place to easily view information regarding the apartment, and your own 'progress' as far as making calls/visits. Pros/Cons is all personal opinion, we just put whatever we immediately noticed and loved/hated. Columns for distance (in time and miles) from the apartment to each of our jobs. Then the last column for a link to the apartment online. + +The second tab I super cleaned up, and you'll likely have to expand it to include more columns. The basis behind it is: the thing you're rating, how high/low you'd rate it, and how important it actually is. For example, the grounds might be really nice (3) but the grounds really don't matter that much to you (4). Or the kitchen appliances are shit (-3) and that's something that's super important to you (10). It then gives each apartment a total score, and you can more easily quantify non-tangible qualities of the apartment. + +I left in 2 example rows in case you need an example to follow. +This link is 'read only' shared via Google Docs. You'll need to save a version of it to your own Google Drive in order to edit the spreadsheet. + +---------------------------------------------------------------------------------------------------------------------------------------- + +ETA: I wanted to clear up a few questions/comments, and add some useful information some people have contributed. + +* I probably should have included this from the get-go, but didn't think of it. We live in a suburb in the midwest (if you didn't figure as much based on the apartment prices!). A lot of my experience doesn't apply to more densely populated areas. If you're somewhere like New York or San Francisco it sounds like you've got to show up when the current tenants are moving out, with a whole years salary cash in hand, prepared to fight to the death against any one else who shows up! Do as much research into places you're looking to move as you can. + +* There's a LOT more to choosing a place to live than *just* the costs. In many (if not most) cases, a higher price is worth the non-tangibles you get. My larger point was to do the math, because it might be surprising. We would have chosen the higher priced apartment regardless, because it was the better choice for us. But it was a nice surprise to find the costs were much closer than they seemed. + +* Our estimated utility costs were a combination of A) the estimate the apartments gave us, B) estimates directly from the utility companies, and C) an average of our utilities in our current, similarly sized apartment. It's definitely a valid concern, and something to be aware of. The previous tenant most likely has/had different lifestyle requirements than you and used under/over what you'll use. Get as many estimates as you can; /u/bridgehater1 suggested not only asking the average utility cost, but the highest and lowest cost. + +* A lot of people suggested [padmapper](http://www.padmapper.com/) as a good search tool for finding apartments. /u/qwilo also posted several links to [rental search websites, as well as rating/review websites](http://www.reddit.com/r/personalfinance/comments/2zl03l/adventures_in_apartment_hunting_or_sometimes_the/cpk6fw2). /u/Smokey_Jah also posted a really informative article called [The True Cost of Commuting](http://lifehacker.com/5855550/the-true-cost-of-commuting-you-could-buy-a-house-priced-15900-more-for-each-mile-you-move-closer-to-work) that I think is incredibly relevant to choosing where to live. Definitely worth a read for anyone house/apartment hunting! + +I'll be cleaning up my spreadsheet and questions document this evening, and can absolutely share it, for those of you who asked. I may have to share it in a new post. But for anyone who asked, I'll make sure to shoot you a message so you know it's up! + +Lots of awesome advice throughout the whole thread. Thanks to everyone who's contributing!! + +------------------------------------------------------------------------------------------------------------------------------- + +So my girlfriend and I have been apartment hunting for the last few months and have learned a LOT. I thought some of our mis-steps and new knowledge may be useful to others. I'll spoil the ending, the more "expensive" apartment ends up costing less money all around once we included every factor we could think of. + +**Choosing Apartments** + +The first step, and arguably the most difficult. + +We started out on [rent.com](http://rent.com). Filtered for not only our price range (under $800/month total), but also our "must haves" (washer and drying in unit, and a balcony). We then expanded out to other apartment finding websites. Then even went as far as going into Google Maps and just typing in "apartment." The Google Maps step was difficult, since all of the information we wanted to find wasn't as organized as it is on a dedicated apartment finding website. But it more than doubled our options. + +**Important Note:** Include apartments that are slightly above your price range. If your max cost for *the apartment only*, not including utilities is $800, go ahead and grab a few that are around $825-850. You'll see why toward the end. + +**Narrowing Down the Search** + +I'm a spreadsheet junkie, I can't deny that. I put together a master spreadsheet of every apartment we found that met our requirements. Rows for each apartment. Columns for information like price, location, distance to your most frequently visited places (work, mom&dad's house, nearest grocery store, a friend that you visit regularly, etc.), 'extras' (pool, balcony, private entrance, pets allowed, etc.), as well as 'cons' (near a railroad track, was our biggest con). + +We then assigned a number value to each thing, 1-3. Three being "yes, this is super awesome and we want it," two being "this is ok, but not enough to have a major opinion on," one being "meh." We also assigned negative points for the negative things (-3 for being close to a railroad track, for example). I added up points for all of the apartments, and that's how we sorted out where to start. It's also where we completely cut out places. *This was all done before we even stepped foot onto a property*. + +**Visiting Apartments** + +We then put together a big sheet of questions to ask at each apartment. Typed up and printed. It included the name of the apartment, and the person we met with. This ended up being invaluable because, as those of you who have gone looking at places know, when you look at several places in one day it all starts to blur together. This gave us the opportunity to sit down at the end of the day and have our information organized (and add it to our spreadsheet!). + +Some of the questions we included were: what utilities are we responsible for? What's the average cost of those utilities? What is your rent payment policy and grace period? What are the options for paying rent? (check, money order, payment portal online, etc.) How is maintenance handled? Are they on-site? What's the turn around on maintenance requests? Is there separate emergency maintenance? (no one wants their only toilet out of order and have to wait for it to be fixed!) What are the most common complaints you get from residents? What is the turn over rate here? (this is a big one, if residents are staying for a long time, that's awesome!) Will we have the opportunity to see **our** unit before we sign the lease? Can we take a copy of the lease with us today to look over? What's the application process like? What do you require as part of our application? How much is the application fee? Does it get refunded if we're denied? How long will it take from handing you the application to getting an answer? + +We also (naively) inquired about the demographics, primarily trying to find out if there are a lot of younger people and/or kids, since they tend to be more noisy. As we were told by one of our favorite office managers: Under law, apartment complexes are not legally allowed to answer this question. Any apartment that willingly tells you anything beyond, "We accept any and everyone who meets our qualifications, and our qualifications are the same for everyone" is breaking the law, and maybe not the greatest place to choose. + +Check everything. Windows, doors, lights, water. Touch things. Ask questions. Don't be shy. This is the place you're going to be living. Make note of what you find. Point out questionable things; there may be a good explanation (i.e.-this carpet looks crappy, what's the deal? answer: we replace the carpet after every move out, so don't worry about it). TAKE NOTES, for real, it's important. Again, you will not remember which place had which issues, and you'll be stressed out about it later. + +**Picking Where to Apply and Applying** + +Because most places require an application fee, it's not really an option to apply everywhere. So you have to narrow it down. We narrowed it down to 2 places. + +This step doesn't have much wiggle room. You pretty much have to follow their application procedures. But a big thing you can do to help yourself is not to apply somewhere you already know you won't be approved. If they require residents to make 3X the cost of rent a month and you don't make that much, don't bother applying. If they require a 700+ credit score, and yours is too low, don't bother applying. + +*These are all things you should know, because you asked about the application process ahead of time!* + + +**The Final Decision (and Some Math)** + +So you picked two or three places, applied and got approved at more than one. Now you have to make the final decision. You have to compare numbers, and intangibles. + +It's easy to look at two apartments, and make the decision based purely on how much they cost. But is the less expensive apartment really less expensive? I'm going to break down the two apartments we choose from. These expenses are all calculated as monthly expenses. So, for example, our gas usage to and from work is (X*2)*30 (I went with an even 30 days a month for the sake of not confusing myself with math!) + + | Apartment A | Apartment B +---------|----------|---------- +Rent | $770 | $825 +Electric/Gas | $130 | $100 +Water | $25 | $0 (included) +Monthly Cost of Gas to Work (*Combined*) | $38.40 | $38 +Laundry Costs (*at 1 load each per week, total of 8 loads a month*) | $18/month | None; W&D in unit +**Total Monthly Cost** | **$981.40** | **$963.00** + +*Note: the electric and gas costs were estimated by each apartment complex, AND confirmed independently by the electric and gas companies* + +I also calculated the cost per square inch, because that's really the only way (in my opinion) you can compare two different sized, different priced places: + + | Apartment A | Apartment B +---------|----------|---------- +Price per Square Foot (*here you can already see the more expensive apartment is a better value*) | $1.32 | $1.06 + +So, the price difference isn't huge. It comes out to **$18.40** (or $220.80 for a 12-month lease), which is really just the difference in cost between having or not having a washer and dryer. Originally, our cutoff point for rent alone was $800/month. But once we added up all other costs (and conveniences) we came out ahead with the more expensive rent (plus, let's be real, we're two chicks, we're going to do more than 2 loads of laundry a week!). + +We also factored in several other intangibles that don't have a price attached. Apartment B has a private entrance, meaning we get the added benefit of not having hallway noise, Apartment B is closer to both of our parent's houses and her best friend, Apartment B is also closer to a grocery store, gas station and several restaurants/fast food places. Plus, laundry in your own place is a billion times better than a shared laundry room!! Apartment A is also directly next the dreaded railroad I've been complaining about this entire time. + +**Conclusion** + +Factor in *all* costs when looking for a home (I've never bought a house, obviously, but I'm going to assume this holds true for home buying as well). A cheaper cost up front, with smaller expenses can add up to be more expensive than higher priced options. Those little expenses can close the gap between differently priced options real quickly. + +Please also remember, this is the place you'll be living. We would have chosen Apartment B even if it *had* come out slightly more expensive because of the added conveniences, and the 'gut' feelings we had walking into Apartment B. + +*I fully admit my math may be shaky, and there are probably a billion other factors that we didn't consider. This advice may or may not be applicable to others, but hopefully the general sentiment is helpful for some!* + +**tl;dr** Calculate all costs associated with any financial decision you make (housing, car, kids, pets, whatever). Small associated expenses can add up, and make the cheaper looking option equally or more expensive than the more expensive looking option. + +A comment in the daily today reminded me of this Instagram post by pop star Katy Perry: + + +https://www.instagram.com/p/BeXchJzFkhJ/?hl=en + +In her post, captioned “$—CrYpTo ClAwS—$,” Ms. Perry documents a handful of, at the time, popular cryptocurrencies. The 5 currencies pictured were: ethereum, litecoin, bitcoin, monero, and stellar lumens. Was this Ms. Perry’s portfolio at the time? Who’s to say? What we can determine are the prices, sourced from CMC, on the date of this post, January 25, 2018. The prices were as follows: + +ETH: 1060.55 + +LTC: 180.76 + +BTC: 11410.30 + +XMR: 320.54 + +XLM: 0.567 + +Source: https://web.archive.org/web/20180125004005/https://coinmarketcap.com/ + +As of the time of writing this, the prices are as follows: + +ETH: 238.95 (-77.5%) + +LTC: 43.51 (-75.9%) + +BTC: 9302.45 (-18.4%) + +XMR: 64.11 (-80%) + +XLM: 0.0695 (-87.7%) + +Source: https://web.archive.org/web/20200706171512/https://www.coinmarketcap.com/ + +Assuming an equal share in each nail, despite the thumb and therefore ethereum being the superior finger, Ms. Perry’s portfolio would be down 67.9% since the date of her instagram post. For reference, the market cap is currently down only 30.3% of what it was at the time of her post. + +In conclusion, I would not recommend following Katy Perry’s investment advice, no matter how sweet her nails may look. + +EDIT: Additional conclusion, California Gurls, Hot N Cold, and I Kissed a Girl are all bangers +I see that a lot on here, but you really can't outsource single stock selection. I know it's tempting but: + +(i) you have no idea who the responders are - their track record, their intentions (pump and dump?), their biases, risk tolerance, blind spots etc. + +(ii) if you buy a recommendation from the internet you will have no idea when to sell, and you won't have conviction in the idea - so if it falls 10% or more, you won't have a valuation to check against to see if the market is being rational or irrational. + +(iii) you won't learn anything this way. Read about investment styles, portfolio construction, valuation, market psychology for yourself and you'll have a shot at not failing miserably. + +Picking stocks anyway that doesn't involve heroic effort is unfortunately just gambling and you WILL lose eventually. Investing (actively) well is exceptionally difficult, and anyone who tells you otherwise either doesn't get it, or is selling you something. Either way, you should ignore them. + +**Edit: good - this is getting controversial and interesting. The above is aimed at people who come here with zero knowledge of a stock and are just looking for tips or confirmation of an ill informed hunch. ** + +**Of course there's value in knowledgable people discussing ideas with each other; I don't contest that, and I do it myself. But I don't see how anyone can say it's a good idea to come to a forum like this with no knowledge, and buy based on a few paragraphs from some anonymous stranger. That's what I'm trying to warn against. ** +Waiting too long to raise interest rates would be "unwise" as economic growth continues and inflation rises, Fed Chair Janet Yellen told Congress on Tuesday. +http://www.cnbc.com/2017/02/14/fed-chair-janet-yellen-unwise-to-wait-too-long-to-hike-interest-rates.html +I will preface this by stating that I am a full-time medical student at university. I receive full student loans + £2000 in bursaries. I work irregular part-time Bank Staff work at my local hospital. + +The maintenance loan amount I receive is £10,642 per year, + £1000 in September and £330 each term (the aforementioned bursaries). + +As I only work on the staff bank I do not have regular set income from the bank work that I complete as it totally depends on how much I work. My university commitments totally dictate how much I am able to work. As it is currently summer I am working as much as possible and only working nights and weekends to maximise my earnings. + +The rate of pay for the bank work is £10.81ph (£14.81 for nights/saturdays and £18.81 for sundays), and I tend to work 12 hour shifts. + +I have two overdrafts. My student bank account is interest free with an overdraft limit of £1,500. I am fully overdrawn in this account. + +I have another current account with an overdraft limit of £1,000. I am overdrawn by £500 in this account. + +As for my outgoings... it is worth mentioning that when I took out my car finance I was in a better financial position, but also underestimated the burden this would place on me. I've never had such an expensive regular outgoing before and didn't anticipate it would be too difficult to pay. Then I got overdrawn and was living in my overdraft to afford to live, and still am. + +My regular outgoings are: + +**Rent:** £478pcm (includes bills) + +**Car finance:** £225.37pcm (£14,563 total remaining, ends in 2025) + +**Private car reg (sigh):** £39.94pcm (£239.54 total remaining, ends 02/23) + +**Phone:** £51.37pcm (£545.68 remaining, ends 09/23) + +I do have a few other small outgoings (house insurance for uni which is £8.81pcm, pre-payment certificate which is £10.81) and other subscriptions (Spotify, Amazon Prime, iCloud storage). + +**Now for where I am struggling:** + +I don't know where to start on breaking even. My main concern is getting out of my overdraft, but I am not sure how to start with this. As I work on an irregular basis, my pay is not the same each week/month. I can work as much as I possibly can before I go back to uni in late September and will be able to work while back at uni in the same job and similar rates of pay. But I do not know what to prioritise. + +What do I do with the pay I receive? Put the money aside for my regular payments first, then start paying off my overdrafts? What about when uni starts and I only receive my student loan termly? Put aside all the money I need to last me until my next student loan? I have had a look at the flowchart but am really struggling on the budget building part due to my inconsistent incomings. I don't know how to budget properly when I don't know how much money I have to budget with. Sorry if this seems such a foolish thing to say. + +Anyone who can help or point me in the direction of some concrete advice that will help in my situation would be greatly received. Thank you. +https://www.businessinsider.com/elon-musk-boring-company-texas-warehouse-austin-tesla-factory-site-2020-12 + +Documents filed with the Texas Department of Licensing and Regulation on December 7, first spotted by the Austin Business Journal Tuesday, show Elon Musk's tunneling venture seeking permission for a $130,000 renovation project at a warehouse location in Travis County. The 40,000-square-foot site is about 16 miles from Tesla's under-construction factory near Austin in the town of Pflugerville. + +"Rumor has it that 'Austin Chalk' is geologically one of best soils for tunneling," the company said in November. "Want to find out? Austin jobs now available." + +Thanks for the awards. +I don't normally post here but I've gotten texts and calls from people out of the woodwork that are interested in crypto all of a sudden due to the bitcoin halving. They are all feeling FOMO because price is going up and they want in. + +Most noobs think "OMG THE PRICE IS GOING UP CAUSE OF THE HALVING... IT'S GOING TO KEEP GOING TO THE MOON!" + + When in reality it's getting priced in RIGHT NOW and come the day of the halving (or a couple days before, basically this weekend), it may quite possibly stall out and fizzle out because by then it's already fully priced in. The halving is clear, public information. It is not some secret nobody knows about. You don't have any edge here. + +We have had 8 green weeks in a row. The Bitcoin halving is in 4 days. This is a classic, obvious, clear "buy the rumor, sell-on-the-date-of-the-news" type event as fundamental events with a clear date attached are rare for BTC. + +Also, everyone and their mother on twitter is posting about how Paul Tudor announced his fund is buying bitcoin. Listen guys, he prolly bought this shit at 4-6k and selling into your FOMO right fucking now. It's not a coincidence they published this shit 4 days before halving. I'm not giving financial advice. I'm not saying short this shit to the ground. I'm just warning newbies to not be surprised when come 1-3 days before the halving we get an insane blow off top followed by a subsequent bleed out or crash. +Looking for insights on how to prep for an oil & gas interview. I'm a Masters in Econ student and I just wrote CFA level 1 in December. Wondering what kinds of things to prepare for that wouldn't be covered by my background since I didn't do a Bcomm. Also looking for specifics on the oil & gas industry. I'm an avid investor and read market news daily, but I've never invested in oil and gas specifically and thus am inexperienced with the industry specifics. Reading as much as I can find on the internet right now through investopedia/WSO/mergers and inquisitions and grabbed the vault guide and book by Rosenbaum, but would love to hear some tidbits from those with experience on this sub. Thanks! (Position is in Calgary, Alberta) +A word of caution from someone who has been through several cycles. + +When in a Bull market like the one we are in now you almost can’t go wrong! Take Doge for example. The danger is that it gives over confidence and many start to FOMO in money they cannot afford to lose. + +So try and remember a couple of key rules that could save you a lot of money: + +- Don’t invest money you can’t afford to lose. +- Don’t invest money you might need in the short term. Anyone who held its Bitcoin through the drops at this point is in profit. +- Certainly do not borrow to invest +- If you are late to the party consider Dollar Cost Averaging (google it) +- At some point BTC is going to create an ultimate ATH for this market cycle and then correct back down by 70 to 80%. Other crypto’s will drop even more. +- Yes it will correct back down a very big percentage. Usually 80% (look at previous cycles) It could be triggered by a stock market correction when there are no more stimulus checks. Stock market is already dangerously over priced. (Google Stock market cap Vs GDP). +- You can “Dodge” that correction by progressively taking profits each time BTC creates and new ATH. You want to have cash when the big correction comes. +- Re invest your profits when we are again in an accumulation zone (after the 80% drop) +- Those cycle take years, be patient. + +This is not financial advise. Good luck with your investments! +In a new [post](https://tether.to/en/assurance-opinion-once-again-re-affirms-tethers-reserves-fully-backed-reveals-significant-reductions-in-commercial-paper-and-increase-in-us-treasury-bills/), Tether Holdings Limited announced that not only is its signature product [Tether (USDT)](https://www.coincarp.com/currencies/tether/) backed by more assets than liabilities, the company is reducing its commercial investments in favor of treasury bills backed by the US government. +Lol....I know. XRB is new and climbing, with a long way to go. I feel so upset that my funds didn't get deposited in time for me to snatch 5,000 of them at a dollar each. I'm now anxiously searching for the next one, the diamond in the rough. Just like all of you are. Shill me, what's reddit gonna be all about in 2 weeks? + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +Hopefully you guys don't mind that I am crossposting this here. It is my favorite project and I believe it deserves more attention. + +I see that people are starting to talk about CRED more and more every day so I thought that I would write a little more about it since I am following project since beginning. I would like to note that I have money invested into this project, so I may be a little biased, but I will try to eliminate any moon talk and focus on project and team behind it. + +**What is Verify?** + +Verify is Ethereum-powered reputation platform for ecommerce. Verify (CRED) is a token that helps making e-Commerce with crypto easier, because it secures that if you pay for a product with crypto that you will receive that product, and if somethings goes wrong that they will fix it. + +This includes: » Non-delivery » Delivery to an incorrect address » Lost shipments » Delivery of the incorrect item » Delivery of an item that does not meet the description provided by the seller. While this may not be the newest idea because lots of credit card companies and PayPal have this kind of the same service, but they do not have that with crypto payments. Credit card companies also have a 3% fee most of the time while Verify only asks for 1%. + +The global retail market is $22T a year, and eCommerce represents $1.9T , just over 8.5% of all yearly global retail. Blockchain commerce, on the other hand, represents under $50M in total volume, the sum of all products purchased using cryptocurrencies. This volume is incredibly small; for every $440,000 of commerce conducted, just $1 is paid for using cryptocurrencies. We need simple and convenient ecommerce platform that uses crypto and Verify seems like the best option out there at the moment. + +Main competitors are Utrust and Monetha(sitting at 6.5x higher valuation than Verify) and how it compares to them you can see here: + +https://medium.com/@verify.as/so-hows-verify-different-than-a4c09a40909b + +After doing a lot of research I have come to conclusion that CRED is superior in every way and it has without doubt the most competent team in this space. + +Team raised 2.5mil$ (they didn’t ask for more, ICO sold out in 90 minutes) compared to Utrust which raised 20x times that and don’t have anything to show for. + +**Working Demo/MVP** is up here if you want to check it out: https://verify.as/how.html#demo + +CRED has been relatively stable mostly because it is traded on Etherdelta only. But we have seen a lot of great projects going x5-x10 on Etherdelta, and I think that is about to happen with CRED as well. + +**Exchange listings should be announced in next few days. **They are extremely transparent about their applications and you can find them here: https://community.verify.as/t/exchange-listings-for-cred/23 + +I think that first one will be Kucoin and hopefully Binance will follow it up soon. + +Team is very, very good and they have a lot of experience in this area. Yazin Alirhayim, the CEO of Verify, was most recently VP at Amazon’s Payfort Start as they they acquired his start up White (a competitor to Stripe). Before, he was the Global Finance Leader at General Electric. I basically regard White as a prototype to Verify, as it is also a crypto-compatible payment service. Omar Kassi, one of the advisors, previously founded, grew and exited JadoPado, one of the Middle East's pioneering eCommerce marketplaces. JadoPado was acquired by Noon, a billion dollar company founded by real-estate mogul and billionaire Mohammed Alabbar. Omar is currently the CEO and Founder of Esanjo, a business that creates, builds and invests in beautiful technology businesses. Another interesting team member is Moussa Beidas, who is also CEO and cofounder of Bridg and has already made customer experiences with i.e. Google Fibre and Microsoft. Moussa knows how to deal with corporations, as he ran a startup before, he knows what stakeholders and VCs want. Most recently Yazin was also able to add Mike Bailey to the team. Mike Bailey is a Senior Economic Research Scientist at Facebook and manages the News Feed Science team. His research analyzes the interaction of social networks on people's economic decisions and the importance of social interactions in understanding the economy. Prior to Facebook, Mike earned a Ph.D. in Economics from Stanford university. A Stanford graduate wouldn’t need to join any non serious crypto start up for the money, especially not with a career like Mike’s. + +**Yazin Alirhayim, CEO**: Founded White Payments in 2014 which was acquired by Payfort. https://yazin.org/. + +**Pavel Garbriel, CTO**: https://www.linkedin.com/in/pavelgabriel/ + +**Roman Bugaev, Technical lead**: https://www.linkedin.com/in/rbugaev + +**Ibrahim Mokdad, Head of business development**: https://www.linkedin.com/in/ibrahim-mokdad-48012118/ + +**Denis Gulin, Front end**: https://www.linkedin.com/in/denis-gulin-01782557/ + +**Mikhail Davidovich, Software Engineer**: https://www.linkedin.com/in/mikhail-davidovich-3198b717/ + +My opinion about it’s potential: I think that in upcoming days we should at least see **x3-x5** before it gets listed on bigger exchange. Market cap is extremely low compared to it’s competitors and it is good thing that there are literally ZERO red flags about project(I haven’t found any). + +Team isn’t trying to pump token for no reason, they seem to be focused on succeeding in their intentions and growing their business, and this post covers that pretty well: https://medium.com/@verify.as/token-sale-over-now-what-149fc109931b + +I like that they realize that pretty much all cryptos are pure speculation and that a lot of people won’t be extremely happy to pay for stuff with crypto. Which is why they are probably going to introduce fiat payments(that would convert to crypto on the go), so concept remains intact. + +I have personally never felt more confident with my investment than I am now with CRED. I see a lot of comments popping about it on reddit and other boards, and it looks like it is going to be shilled heavily in upcoming weeks. I can't say that makes me unhappy because I am glad that project will receive attention it deserves, but if hype dies down after a month - remember that project will still be solid and nothing will be different about it. A lot of people here don't find out about amazing projects and hidden gems like this one until it is too late. I can't give anyone financial advice, but if you don't know in what to invest, check out CRED and if you like it, feel free to put some money into it. Don't wait until 5 or 10$, go for it before it is too late or don't invest at all. + +If you want to find more about project, feel free to visit their website: + +https://verify.as/ + +They are securing vendors for their platform and their first partnership is with EAT, The Middle East's fastest-growing real-time reservation platform for restaurants. (Eat App is part of Silicon Valley's 500 start ups: https://en.wikipedia.org/wiki/500_Startups). They have published post about Verify yesterday, if you want to read it, you can do it here: http://blog.eatapp.co/verify-will-solve-serious-problems-for-restaurants/ + +They will have a lot of more partnerships in The Middle East and while we may not see them hyping partnerships up, they will certainly mean a lot for platform they are trying to build and all their investors. + +CRED is available only on Etherdelta at the moment(which is perfectly safe to use now) and more exchanges will be announced in the coming days. + +https://etherdelta.com/#CRED-ETH + +I hope I wasn't too biased, I really am huge fan of this project. I know that FOMO is starting to kick in and I just wanted to give everyone heads up. Best of luck! + +Anyone buying newer coins in this crazy market? Always looking for something new that has potential. Currently holding some ETH, RBIF, ADA, SHIB, and BTC. Looking to keep building that portfolio! +Hey all, I know this has kind of been asked before, but I want to clarify some things with my own personal circumstances. + +My husband and I get paid on the 12th of every month. We've set it up so that our home loan gets paid on the 15th of the month because that's when we have money. My father in law has said that it's better to pay our loan off weekly than monthly, but I don't know if that's because he's thinking we pay it at the end of the month, not in the middle. Can you provide some clarity on this? We also have a loan that doesn't have an offset account, so that doesn't factor at all. Cheers +Hey folks. + +My wife and I are coming up to the end of our lease in the rental we are living in. The owner has decided to sell so at this stage we are out of here in a couple of months. + +We are probably in a position where we are able to buy it from them. Aside from having the highest bid when it hits the market (lol) is there anything we can put to them in advance to get first dibs? Is it somehow advantageous for them to avoid putting it on the market and selling to us directly? +Hello. I am a part-time worker working around 20-25 hrs weekly and currently receiving the Job Keeper allowance of $750 gross weekly. Simply put, I am getting more than I should with my hours. + +My employer has asked me to work on a certain day but I said I couldn't because I have so much Uni work that I have to submit. I then received a messaged saying "no more job keeper." So I said I quit. I never cancelled my shifts that I needed to do and this was just an extra shift I was asked to do since this coming Monday 5th OCT is a public holiday so I was asked to work Tuesday (I have Uni and Uni assessments) + +He is now calling and messaging saying that him cancelling the Keeper is better because it means he can afford to pay me normally which will obviously be less than what im normally receiving from Job Keeper. Is he making excuses? I am honestly confused. +It looks like their attempts at slowing inflation are failing and from what I have read, high/hyperinflation is a real good opportunity to wipe off debts on a wide scale. + +Would it be a good investment strategy to take out a substantial loan at the moment for real estate? (Assuming inflation will continue for some time) + +Or am I just thinking about it all wrong? + +Edit: maybe this will explain my thinking a bit better, this happened in my home country in the 90s and people became overnight home owners as they could pay off their loans with their new salary (example weekly wage went from $50 to $1 million). + +Much attention on hyperinflation centers on the effect on savers whose investments become worthless. Interest rate changes often cannot keep up with hyperinflation or even high inflation, certainly with contractually fixed interest rates. For example, in the 1970s in the United Kingdom inflation reached 25% per annum, yet interest rates did not rise above 15%—and then only briefly—and many fixed interest rate loans existed. Contractually, there is often no bar to a debtor clearing his long term debt with "hyperinflated cash", nor could a lender simply somehow suspend the loan. Contractual "early redemption penalties" were (and still are) often based on a penalty of n months of interest/payment; again no real bar to paying off what had been a large loan. In interwar Germany, for example, much private and corporate debt was effectively wiped out—certainly for those holding fixed interest rate loans -wiki +Just an FYI - from https://status.uk.barclays/ + +> Its the end of another years's summer time - so this Sunday, 25 October between 00:30 BST and 02:30 GMT, we need to put our clocks back. + +> While we do this, you won't be able to use our apps, Pingit, Cash Machines, Online or Telephone Banking. + +> Your cards will work but some payments may be declined. You won’t be able to transfer or withdraw money during the outage, so if you need money during this time please do this before the start. We'll add any payments into your account as soon as we're finished. +First off, I want to be clear that I’m not jealous nor am I complaining - quite the opposite in fact, as the last year’s worth of loss porn has basically kept me non-stop hard as a brick, which has been useful for when I want to touch myself while watching my wife get railed out by her boyfriend. + +But seriously, how the fuck are you retards funding these YOLOs? +Just wanted to sprout a few words here to all newbs, but also veteran diamond hands. + +I don't know about you guys, but I'm still checking the price (maybe not daily, but every other day), and when it drops so hard like 15% yesterday, I still can't help but get a little anxious. +Did I make the right decision (yes I did), or am I dumb (yes I am). +At these times I come to the sub, to see all my fellow apes around the world who are still diamond handing and DRS-sing with me. And know I'm not alone. The sub may have gotten a little quieter sometimes, because I assume just like me, apes are just holding, waiting, waiting, waiting....💀 + +But trust the DD, and know at sometime the shorts have to close. + +And right when your anxiousness reaches the top.. Are we really going to $40 again? 😱 +The 🪑 RC mtrfckn Cohen tweets himself "Shorts are dumb" I'm holding no matter what, but sometimes its these lift me ups that really boosts the morale. + +Hang in there retards! See you on the moon! +>*"Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else.* + +>*And we've reached the point where the Fed is using $70 Billion a month to 'de-risk' a largely insolvent banking system. And this can only end badly.* + +>*The idea that you can do capitalism without risk is ridiculous on its face."* + +-- Andreas Antonopoulos on the financial industry and Bitcoin ( [MadBitcoins Live: New York Bitcoin Hearings](https://www.youtube.com/watch?v=kk_kDkrx62s#t=14611) ) +In November of 2013, Adam Welsh made the first and historic trip and purchased a Chicken Bacon Ranch Sandwich Meal at my Subway Restaurant in Allentown, PA. The cost at the time was $12.35 or 0.04 BTC. + +Today, 0.04 BTC = approx $280. + +Original Post (from 4 years ago): +https://www.reddit.com/r/Bitcoin/comments/1q52tt/subway_accepting_bitcoins/ + +Adam had recorded the entire transaction here: +https://www.youtube.com/watch?v=zWsd1WwhhNg + +4 years later, we still accept Bitcoin as form of payment! Can we get some other Subway's onboard?!?! + +Edit: To the Moon! + + + + +He pulled out when the market collapsed and was too terrified to ever get back in. The only investing he does now is a small annuity with ~500k. Let this be a lesson to everyone to BTFD. +Hi everyone, I came into some extra money recently around $70k, so I thought I would buy some Apple stock and just sell come covered calls on it. Relatively safe stock. + +I'm playing loose with the numbers here and ignoring tax implications for simplicity sake, but assuming at let's say $150 a share, 100 shares would be $15,000; 400 shares would be $60,000. So I would be able to sell 4 contracts each time. + +If I sell one contract about a month out, it's anywhere from $200-$400 more or less at the money; multiplied by four contracts, looking at about $800-$1600 a month. + +If I get assigned, I have no problem giving up the stock. I will not sell more options than I have the shares to cover for. + +Is this not a terrible idea? I've always wanted to get into writing options and this seems like a decent and relatively safe way of starting out. I have experience with buying options but not selling them. Am I missing anything horribly important? +I am writing this post because I am very concerned that we will not be able to vote in time and that our broker will take away our right to vote. I've got a huge diversification of Brokers, so no worries about that. Nevertheless we have to take care of our shareholders rights. + + +No more support for TradeRepublic! +https://imgur.com/a/nTiVGuv + + +They haven't answered one single mail regarding voting after we got our Confirmation of shares, which is worthless.. a lot of users mentioned the broker has to provide control number + + +http://imgur.com/a/We4NRmQ + +So let's get through this. + + +Therefore, here are some information: + +#Email: service@traderepublic.com +#[Twitter](https://twitter.com/TradeRepublicDE?s=09): @TradeRepublicDE +#Website: https://www.traderepublic.com/ + + +Many of us have also contacted the Financial Supervisory Authority (BaFin) and written some questionable articles on the subject. So far, however, without any feedback. + + + +So let's paint the town red and get loud on social media. Here are some examples of my attempts: +* [Tweet](https://twitter.com/LuBrooo/status/1398501674633863169?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1393999210165510155?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1399258434843955203?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1398686024566444033?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1398237608858243072?s=19) +* [Tweet](https://twitter.com/LuBrooo/status/1397860356354097152?s=19) + + +I'm happy to be part of such a strong and helpful community. Let's get shit done. + +EDIT1: +AS u/Floo433 stated: + +>English translation of their mail from Friday (Mai 28th): + +>Hello Ape, + +>regarding ordering voting cards from GameStop Corp. we have received new information. + +>Contrary to the original information, the voting cards are issued in your case directly via GameStop Corp. instead. To get a voting card, you have to contact the Investor Relations department of GameStop Corp. whose contact details can be found on the website https://investor.gamestop.com/home. + +>To apply for the voting card at GameStop Corp. You need an inventory confirmation for the record date, April 15, 2021. In this case we will issue these to you free of charge. Please reply to this email to receive your inventory confirmation. With this confirmation you can contact the company directly at investorrelations@gamestop.com to order a voting card. + +>Please note here too that participation cannot be guaranteed with the confirmation, but depends on the company. + +EDIT2: credits to u/DarthMacintosh for the picture. ❤️ + +EDIT3: I just saw that our hero u/HeyItsPixeL just tweeted as well [here](https://twitter.com/heyitspixel69/status/1399723898250444816?s=19). Awesome, thanks a lot!