diff --git "a/reddit_finance_43_250k_408.txt" "b/reddit_finance_43_250k_408.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_408.txt" @@ -0,0 +1,10000 @@ +Due to the TSB fiasco in April, they lost/deleted all my online statements. + +That's not the worst thing that could happen by any stretch (although I have no paper copies due to choosing paperless), but I sent a complaint in anyway since customer service were unable to help. 8 weeks passed (12 actually, I gave them the benefit of the doubt), and I heard nothing so I complained to the Ombudsman in turn. + +A few weeks later they (the ombudsman) phoned me up to discuss my case, and said they thought a £150 payment and a paper copy of my entire transaction history would be fair compensation. + +I received the £150 today. + +So the moral of the story is: Take these TSB fuckers for everything you can get. Get the compensation you deserve and take your business elsewhere! Even if your complaint is small you are due compensation from them. Don't let an incompetent business thrive off your goodwill. +Hi, + +New to this community. Been lurking a few weeks, have found this community to be in a great sweet spot of active but not too big. I've found super helpful information posted daily. + +&#x200B; + +Anyway, I wanted to give some back. In my google searches I have not seen anyone give an answer to this question, so I just want to let those searching know how to remove the "delayed":true flag on TDA's streaming api. + +&#x200B; + +For those that want to set up the streaming API, heres the documentation ( [https://developer.tdameritrade.com/content/streaming-data](https://developer.tdameritrade.com/content/streaming-data) ) + +Now since that documentation didn't help at all, heres a fantastic step by step guide on how to set it up ([https://www.youtube.com/watch?v=7S0gBn5cjYM](https://www.youtube.com/watch?v=7S0gBn5cjYM)) + +&#x200B; + +Now, even after I got it set up, I still saw that the data was delayed. The answer to my question was found in [https://idoc.pub/documents/tda-api-docs-pnxkyq5ogx4v](https://idoc.pub/documents/tda-api-docs-pnxkyq5ogx4v) + +" String Indicates whether the quote information is real-time or delayed. true — Real-time quote if the account is subscribed to RT false — Delayed quote if the account not subscribed to RT exchange String Stock exchange where security symbol is listed. " + +You literally just have to go enable it in your account. + +&#x200B; + +To enable Real-Time data: + +1. Login to your TDA profile [https://www.tdameritrade.com/home.page](https://www.tdameritrade.com/home.page) +2. Click "My Profile" on the top row of the page +3. In My Profile, go to the "Subscriptions" tab +4. You should see something about enabled RT-Quotes - you're a non-professional (you would know if you're "professional") just click through the docs and accept + +After that, restart your streaming connection, and you should see "delayed":false ! +Let me start by saying none of this is intended to be financial advice. This is written in an attempt to explain in simple terms and wording a financial strategy involving superannuation that is available to any Australian taxpayer. It is written using information available on ATO websites and assembled by someone who has a few years experience in the industry and is pretty good when it comes to knowing and explaining facts. Which is what this is intended to be an assembly of. Facts. Not advice. + +Before I explain the strategy some backgrounding for anyone who might have heard of this but isn't familiar with the mechanics of it. Firstly, what money can be subject to tax in super? Money that you receive into superannuation is divided into money that is considered taxable & tax-free. Anything you get from an employer, or put in yourself via salary sacrifice, or put in after tax & claim on your tax return - is added to taxable component. + +Anything you put into super as an after-tax contribution (money from your take-home pay, or left over from selling assets after CGT for example), is added to tax-free component. + +Components exist together within either an accumulation or an income account. Component amounts remain the same if you move the money between either of these accounts. + +You cannot add money to an existing income account - any money received into super has to go into an accumulation account initially. But you can restart an income account (move it back into accumulation with the money you've added or received - and then turn it all back into one income account) or you can commence another income account using the funds added back into accumulation to run alongside one you already have. + +Any withdrawals made are taken in proportion from taxable/tax free components within an account. Ie. if someone had 95% taxable/ 5% tax free within their super and drew out $10,000, $9500 would come from taxable and $500 from tax-free components. + +Super will be tax-free to use yourself on reaching preservation age (60 for anyone born after 01/07/1964), retire from work at that point or anytime after and you can start accessing super, without having to pay any tax on it or limits on what you can withdraw, **regardless** of whether it comes from taxable or tax-free components. + +Earnings in accumulation accounts are always taxed at 15% but don't require withdrawals each FY. + +Earnings in income accounts are tax-free, but come with a requirement to draw an age-based minimum % from the account each FY. + +While money is in accumulation mode, all earnings add to taxable component, and while money is in income account mode, earnings add to each component in proportion. + + +Finally, your super when you die - If you don't spend it all in your lifetime and leave it to your spouse and partner, they won't have to pay tax when they receive it, whether as a lump sum or as a reversionary income account. But if they predecease you, or either way - you and them are both dead and the money is still in super - your adult children or anyone else you've left money to are now up for 15% tax plus medicare on the taxable component, deducted before they receive it. + + +Essentially the ATO's view is that money was discounted for your retirement - if it's a windfall for your adult children, they have their own allowances, caps, wages etc and they can pay tax if they receive mum and dad's concessional cap funded super. But if money paid to adult children comes from tax-free component, or after tax contributions, no tax is deducted. + +\*\*\*\*\* +I'm going to take it that's all understood and will now explain the mechanics of recontribution - changing money in super from being taxable component money to tax-free component money. Any questions I'll try and answer below. + +What recontribution is about, is about withdrawing money out of super, after 60, when taxable money is tax-free for you to use, and then turning around and paying it back into super, using the non-concessional, or after tax contribution amount. This is currently $110K/year with an option to use up to 3 years worth in a single financial year (you're using the next 1-2 years up in advance). + + +The money that you are paying back in is all added to tax-free component, not taxable, meaning it does not attract death benefit tax, despite it being the exact same money that was in the super fund only a week ago. + +The general approach to do this, is for someone to commence an income account on retirement to get all their taxable money into one account, make a lump sum withdrawal of the non-concessional amount they want to utilise, pay that money back into an accumulation account and then turn it back into a new income account that is separate from their existing income account. + +The key factor in recontribution is ensuring that the money you're adding back into super (that will all be tax-free component money) doesn't get put back into an account that contains mostly taxable component. This will 'mix' the funds together and mean that due to how withdrawals work as outlined above, you will always and forever be spending a portion of money that is already tax-free on your death once done. + +By setting up funds already held at the start of retirement into an income account and keeping any recontributions separate, this ensures that the existing money in super that is mostly taxable remains so, for purposes of repeating the process in 3 years time perhaps, if the individual has more than 330,000 in super. By that I mean, make another lump sum withdrawal from original income account, recontribute, start a 3rd income account. + +They can also utilise a spouse or partner's non-concessional allowance as part of this process in terms of where money that is drawn out can be recontributed to. Finally this process allows an individual to prioritise spending taxable money if more funds than minimum is required, while keeping tax-free income accounts set at absolute minimums - ie. spend the money first from the income account that would attract tax when you're dead, and move onto the tax-free money after the taxable money is all spent if still alive at that point. + + +Hopefully that all made sense. In terms of doing it yourself, it requires you to undertake the necessary administration (open an accumulation account to receive money, locate bpay details for making payments, open new income account, make withdrawals) - which should all be available through your super fund's website - they all have options for online access so you can do it all yourself, and understand how and why it might be worthwhile to your situation. The main consideration you're weighing up is if you're using your non-concessional allowance to recycle money already in super, you're not using it to add money in from outside ie. from selling property for example - if you're getting close to age 75 you may run out of time to contribute all the funds you wanted to. + + +But otherwise it's an allowance of money you can contribute that everyone gets now each year if you have less than 1.7 million in super and it's far more generous now - until July 1 2022 you had to be working after age 67 to use it and you were limited to 110K max after 67 as well - now it's wide open until age 75, fully retired or otherwise and they can use 3 years worth at a time. If you do the math, if someone started at 60 they could easily churn through close to 1.5 million bucks of super by the time they're 75 - there's no reason for anyone to mathematically pay this tax again, really. If you don't have any other use for the non-concessional allowance, well - consider it. + + +When it comes to tax I feel everyone deserves to know and understand what they can lawfully do, and superannuation death benefit tax can sometimes be a not insignificant amount of money. I hope this was of benefit and taken in the educational spirit in which it was intended. +I'm a single 26 year old male living in Geelong, VIC currently still at home. +I work in the transport industry in Geelong and will make around 70k this financial year. I will still have about 10k left to owe in HECS debt after tax time, but I have around 55k in savings and can finish that debt off if necessary in one go. +Spent the first 4 years of my 20s being an idiot and as of the beginning of 2017 had zero savings and nothing to show for it. Since then have bought and paid for my own car and learnt a small bit about financial responsibility. +I started working full time as of Jan 2018 in a very secure job that I will likely stay in for life 🚂 + +I've been looking at houses/units/apartments in Geelong recently as I'm feeling like that's becoming a closer realistic possibility as my savings grow. I have very few costs living with my mother other than board/groceries/car & health insurance. Expenses such as eating from restaurants/cafe's daily can definitely do with a review.. + +My mother works in the same industry as myself and earns quite a deal more than me (120-130k p/a mark) and has suggested that we could go halves on a property as a way for me to get a foot in the door of the property market. +Wondering if that's a sensible option or whether I should go this alone. +Or, if I should perhaps wait a little longer and save more. I'm not being forced out the door at home by any means so that's a viable option. + +Not even sure if this is the right place to put this but I greatly appreciate any input, I'm fairly ignorant when it comes to this stuff so any advice is valued. +Morning UKPF. I'm a regular lurker and occasional poster/commenter here. Using a throwaway account as friends know my main account and there are some things they don't need to know. + +I posted a Sankey chart to /r/dataisbeautiful yesterday ([see here if interested](https://www.reddit.com/r/dataisbeautiful/comments/9zoc25/monthly_outgoings_of_a_british_millennial_couple/)) and thought it might be useful to some 20-somethings curious about how much things cost day-to-day. Certainly I would've liked to have seen this when I was younger. I find a Sankey chart to be one of the better flow charts for regular cash flow and it's probably useful to refer to [the one I created](https://i.redd.it/ibzemojrx2021.png) as I'll refer to it in this post. + +We live in the East Midlands of England. 3 bed semi-detatched house which according to land registry is just about the [average price for a semi](http://landregistry.data.gov.uk/app/ukhpi/browse?from=2017-10-01&location=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Feast-midlands&to=2018-10-01#property_type) in our area. Was originally bought for £165K in 2016 with a 20% deposit on a 25yr repayment at 1.99% interest (tracker) for 2 years (on £132K @ around £560pcm). He overpaid about £5.5K for 2 years because she put a bigger chunk towards the deposit with help from her parents. After those two years we remortgaged but requested a 28yr term to reduce the monthly payment for now (again at 1.99%). + +He is a 30yr old working for an IT company in an assistant manager role in the private sector. £32K salary, 4.5% employer pension contribution (no employee contribution required). + +She works in an enforcement role in the public sector. £27.3K salary, 6.5% employee pension contribution and pays a "Plan 1" student loan repayment. + +This puts us a little below and a bit above the [UK median £28.6K salary](https://www.theguardian.com/money/2018/may/12/salary-what-get-paid-talk-about-it-makes-brits-cringe) although I believe that figure is skewed by London. + +**His Monthly Outgoings** + +£200 into a SIPP +\~£180 into commuting (80 mile round trip by car, with some days working from home) +£10 towards road tax (could be paid annually for cheaper) +£12 SIMO Phone contract +\~£65 lunch (subsidised meal plan at work, plus some days working from home) +£305 0% credit card repayment (took a 30mth 0% card out for car and another large purchase, this figure pays that off before interest is introduced) +\~£575 to be saved/spent (usually would spend £200-300pcm but this can vary on time of year etc) +£750 to Joint Account + +**Her Monthly Outgoings** + +£30 into commuting (10 mile round trip by car, with some days working from home) +£15 SIMO Phone contract +£300 spending (including lunches. This usually is spent) +£535 to be saved +£750 to Joint Account + +**Joint Account Monthly Outgoings** + +£461 mortgage +£101 council tax +£26 water supply/waste water +£52 gas/electricity +£37 fibre broadband (although just switched to £27 with a Black Friday deal) +£340 0% credit card repayment (see below) +£250 groceries (yay Aldi) +£10 lottery +£12 TV licence +£9 dog insurance +£8 Netflix +£194 leftover (for eating out/holidays/saving/whatever) + +Her lunches etc are part of her monthly spending money/the joint groceries. Any spending/saving in either his, hers or the joint account can vary wildly month to month. Holidays and large joint purchases made which joint savings can't cover are paid by both contributing from personal savings. + +The Joint Account credit card repayment is for multiple 30 month 0% interest cards taken to help with stoozing done over the last couple of years. Groceries and other purchases were made on these cards allowing money to remain in the joint account. These allowed various regular savers and high interest current accounts be opened and maximised leading to \~£1600 of interest & switching incentives be brought in between him and her. The payments going out shown in the diagram are the monthly repayments needed to pay these off in full before the 0% period ends. + +We have a joint savings pot, and our own savings separately. I see many posts (mainly on the US oriented /r/personalfinance to be fair) mentioning putting $X00 away each month for each partner to have "mad money" or "fun money" or whatever; money they can spend guilt free. I gather this is done because all income goes to a joint account and they don't have personal accounts. I don't subscribe to this. We're both sensible and open with money. We both contribute to essentials and transfer money to the joint account to pay off bigger purchases when necessary (holidays, furniture, etc). But as long as these are paid off, the rest of the money each bring in can be spent on whatever they'd like guilt free. This may change with children, of course, but it works well for us. + +If anyone has any questions I'd be more than happy to answer them. Similarly, if anyone has any suggestions for our finances I'd be very interested in hearing them. +You ever hear the expression "Throwing good money after bad?" + +*Technically*, this was his second transaction, where he followed his 1BNB purchase of Safemoon on the 17th April 2021 with another 151 BNB, and then apparently found another 1.84BNB underneath the couch cushions and lobbed that in as well. + +I am talking about a Twitter user called "Unknown_Whale", known as "Safemoon Whale" + +But don't tune out just yet, this isn't really a Safemoon story, it's actually **much ruggier**. + +So my guy eventually spends a snifter over $514,000 on Safemoon on a handful of purchases between March 2021 and March 2022, I guess he is unimpressed by the "Birthday month filled with gifts" and stops buying. Then Safemoon list a new shit token on their swap a couple weeks ago... + +##Blockbusters Tech Family + +Ya, straight away leveraging the "family" just to hook in those desperate suckers. + +What does this token even do? To be honest, I didn't give it the time of day. I immediately discarded it as another stack of bollocks ram-packed with scam "developers" + +Turns out my tingling TNG-senses were right on the money, as you will quickly discover. + +Let's come back to Unknown Whale. On the 5th, he turned his unrealised loss into realised loss and sold pretty much his entire Safemoon bag for $177,000 - that's a whopping **-65.5% loss**. + +And what did he do with this still impressive wodge of cash. Invest it wisely? Make a play on Ethereum or Bitcoin? Look at some interesting L2's? **BUY MOONS?!**. + +No, he bought BBTF token, just before the contract "somehow" broke right at the top of a massive run up where people weren't really able to sell, and then one sell got through [where **ONE** person was able to dump $1.5m on the market all at once](https://bscscan.com/tx/0x858361c4d666a8e7c949f13e6ff85b2440851180522bde6539c9096a7cbc1164), making the price tumble -98.5% in like, one minute flat. Immediately rekking thousands of investors. + +###[Bloodbath chart](https://i.imgur.com/D0qgNiT.jpg) + +And this isn't even the good bit... + +So apparently our whale here bought early enough that even after the mega dump he was still in profit, good for him. Didn't want to take his profit out even though on paper he had recovered his entire Safemoon losses, and even fired off some snarky tweets about how he will be rich rich rich. He flashed a video of his wallet with $778,000 BBTF tokens - a 51% gain on his total Safemoon purchase costs. + + +###And then, yesterday, alas... + +--- + +So turns out when you get a bunch of yoo-ha's to cobble together random offcuts of barely-functional smart contracts, you end up with something so catastrophically amateur, some of the most bare-faced mistakes fly under the radar. + + +When you try and send more tokens than you have in a Smart Contract, there's usually a line of code that checks you can execute the transaction. If not, it errors out. + +Not with BBTF. + +> The transferFromWithPermit function did not check for underflow + +> Meaning if you transferred someone 1 more token than you owned, the contract would let you, and instead of you having 0 tokens left over, you'd have 2^256 - 1 tokens. + +This attacker created + +[115,792,089,237,316,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 BBTF tokens.](https://bscscan.com/token/0xe7057B10E2B59F46D151588d9C8694B4b8328F44?a=0xc02b8cdfe74f0487782b7dc1e387d10518429616) + +To understand how catastrophic this is, BBTF was meant to have a 10 Billion supply . + +The attacker created + +##One hundred fifteen octodecillion seven hundred ninety-two septendecillion eighty-nine sexdecillion two hundred thirty-seven quindecillion three hundred sixteen quattuordecillion tokens. + + +And then he sold as much as he could before the LP was emptied - and made off with about $530,000. + +--- + + +Remember, this story is about Unknown Whale. He started with $514,000 and lost $337,000 of it due to theft & incompetence of the Safemoon team. Then he bought $170,000 worth of another shitcoin made by another dodgy team of incompetent nobodies (who are stationed a few miles away from Safemoon HQ weird that) and that's now worth $17,400. + +From $514,000 to $17,400 - a 96.6% loss courtesy of Safemoon and BBTF. + + +#Shitcoins - NOT EVEN ONCE. +All of these stocks are at their lows now. I have seen a lot of posts on here and the stocks have already gone up 100% so just wanted to make this as a list for the stocks currently on their lows. THESE ARE JUST SOME STOCKS I'M LOOKING AT PLEASE FOR THE LOVE OF GOD DO YOUR OWN DD. MOST OF THE STOCKS HAVE BEEN DISCUSSED ON HERE ALSO LOOK AT PREVIOUS POSTS + +1.) TLSS - currently at 0.02 (looking to get in at 0.012ish) + +2.) BLEG - currently at 0.18 has jumped to 0.28+ multiple times last week + +3.)VKIN - looking to get in at around 0.10 currently 0.13 + +4.)PASO - is up to 0.27 as I write this hopefully goes back down to 0.2 + +5.)RSSV - Personally don't like it but a must buy under 0.04 if it gets there currently 0.07 + +ANOTHER TIP CHECK OUT INVESTORSHUB FOR MORE INFO ON THEM. DONT JUST CHUCK MONEY AT A RANDOM STOCK DO A DD AND FIGURE YOUR POSITION OUT. + +good luck boys +I am a banker in the Nashville, TN area. So far, I've had multiple customers come in where Comcast check payments have double posted due to their processing errors. It seems to me that their processing centers have switched to a new system that is causing them to run the check electronically, and then also sending it down. The item is posting as an electronic payment as well as a check. This makes it pretty difficult (in my opinion) to file a claim against the transaction and the process isn't quick or easy. I would suggest finding an alternative payment method. Or sending the check in (if they run it differently on a mailed-in check). + +Cross post to wherever this is beneficial. I hope I save you some heartache. +Have we all realized that? You don’t have explain what folk could perceive as loosely related facts. The data is so profound that one can simply reply short it then, if you’re so confident I’m wrong. + +February me: + +I’m a tin-foil hat wearing crackpot that keeps mumbling about market manipulation and price suppression to friends and family + +June me: + +Either provide concrete facts & analysis that could support your bearish sentiment, or if you think I’m such a fool, then take my free money and short it + + +No more defense. If someone wants to bash GameStop as a company or being a shareholder of GME, show me facts or shut your fucking mouth. MSM I’m looking at you. + +The truth and the true price are inevitable. I don’t know when, but it’s coming +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 so excited about this shit man... I have money waiting to buy so much Eth when it bottoms out. + +Could it go back to the 100s ??? Imagine. My dreams would come true. + +Where is it likely to stop considering were not simply in a bear market but in a global recession, I hope that drives the thing back to 80$... man im so excited. + +Im gonna buy so much shit this year. I just took on a second job for crypto money. +Hello there, I've recently started learning more about crypto and was researching what are some good first cryptos to invest in. I have some knowledge on cryptocurrency, but not a lot. I'm trying to get more into it. + +I was wondering if it is not "too late" to invest in +Ethereum? + +I have some friends who have invested in it before it started becoming more popular, so I'm not sure. + +Any advice/ideas would be great, thanks 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, 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 you are selling Ethereum right now I never want to speak with you, you are selling at a baby baby baby price, I can go on and on all day on how much I do not like you fools(peasants) But you’re not worth my time because I know the holders will hold, please re-think to yourself on why you are selling your Ethereum right now it almost makes no sense whatsoever +Hello everyone. + +I'm researching the ETF: **FR0010821819** AMUNDI ETF EU X EM + +And I need to understand if this is Distributing or Accumulating. + +On the latest monthly factsheet, I see **Type of shares: Accumulation and/or Distribution.** + +On the Euronext Paris description page, I don't see any information about the distribution policy. + +My broker is DEGIRO Germany (not sure this is relevant). + +**Where can I actually identify what is the distribution policy of this ETF?** + +Sources: + +* Amundi Page: [https://www.amundietf.fr/professional/product/view/FR0010821819](https://www.amundietf.fr/professional/product/view/FR0010821819) +* Latest monthly factsheet: [https://www.amundietf.fr/professional/dl/doc/monthly-factsheet/FR0010821819/ENG/FRA/INSTITUTIONNEL/ETF](https://www.amundietf.fr/professional/dl/doc/monthly-factsheet/FR0010821819/ENG/FRA/INSTITUTIONNEL/ETF) +* Euronext Paris description page: [https://live.euronext.com/en/product/etfs/FR0010821819-XPAR](https://live.euronext.com/en/product/etfs/FR0010821819-XPAR) + +Thank you. +First post on here! + +Looking to invest 4k monthly with >20% annual return. Here's a portfolio mix I'm considering: **ARKK 25%, IETC 25%, ICLN 30%, IBUY 20%** + +*I would love your thoughts/advice on portfolio diversity & whether it makes sense overall!* +Hi all and thanks for the amazing community. It's really insightful to read your discussions. + +I would like to invest 5k in ETFs with a long term horizon (5/6 years). Right now I was thinking of something like 70% VT/20% SCHD and 10% VXUS. + +I see that almost all of them are at their 52 weeks high. Do you think I should just wait them to a bit lower or given the long term horizon of my investment it doesn't really matter? + +Thanks in advance!! +Just sold a business and want to put about 3.5 million into etf’s. Already have a 401k and E*trade account with about 150,000 in individual stocks. Open for suggestions. I will be buying in stages not all at once btw. +Thoughts on my portfolio? + +What do you think of the following portfolio? +Im 24 years old.. + +* 20%: AGED, iShares ageing population ucit + +* 20%: DGTL, iShares digitalisation ucits + +* 20%: ECAR, iShares electric vehicles + +* 20%: HEAL, iShares Healthcare Innovation + +* 20%: RBOT, iShares Automation &amp; Robotics + + +What are your thoughts on the individual ETFs? + +And what do you think of the portfolio? + +Any other tips? Thanks in advance! +I am a 24 years old female and want to have an aggressive portfolio due to my age. + +I am trying to pick up some ETFs for a long-term horizon. I like VGT a lot but trying to find something what I will like at least as much. Any recommendations? Let's share some good ETFs with each other. + +Also, do you have any experience with DGRO? +This MIGHT be an area I would be willing to allocate to a managed fund, rather than an index in these times of turmoil. I also think Small Cap Value is an area where a manager could outperform the index due to size/risk of the companies. + + +It will only make up a fraction of my overall portfolio but I would look to expand the position. I have a very long time horizon. + + +TIA! +People's advice that when you're young, focus more on growth ETFs (e g. VOO/VTI). When nearing retirement, focus on high yield (e.g. *YLD). My question is what would you intend to do on your accumulated growth ETFs (from when you were young) when you are about to retire? Do you sell them at that point to buy high yield stocks/etfs? I am genuinely curious as I couldn't decide if I should invest more on growth but I want high returns now. Just thinking about what strategy I should take. I am already in my 30s and my plan is to buy and hold hence, I couldn't see in the future when to sell the growth stocks/etfs. Mainly, I would like to focus more on then passive income I would incur. +Hello, + +I need some advice on first time investing in ETFs. I have saved around 200k until now, and I am looking for accumulating ETFs for the long run (>15 years). +I would like to divide in 2 or 3 ETFS max. +I'm inclined to invest in IE00B3WJKG14 (SP500 information Technology sector), but there is also a NASDAQ100 alternative ( IE00B53SZB19 ) with similar returns. + +Can you guys give me an advice on which one should I pick and suggest other accumulating ETFs with less exposure to technology sector. + +Thanks + +Albert +What would they be, and why? + +I'm putting money into ETF's via an RRSP that I plan to pull out of in two years as a first time home buyer. If you were me, what would you buy up? +The bogglehead portfolio has 50%VTI/30%VXUS/20%BND but the irony here is that this portfolio has a 96% correlation to the US stock market. A leading argument for the modern portfolio theory an investor knows nothing the market already knows, meaning everything is priced into the market(EVEN THE POSSIBLE OVER PERFORMANCE OF INTERNATIONAL STOCKS). The reason why international stocks are undervalued compared to US stocks is because they have social, political and economic factors priced in. The reason why US stocks are comparitively more expensive is because they are exposed to less social, political, governmental risks. We are living in the age of globalization every country relies on each other every country does a lot of trade with other countries. I say all of this to say VOO and chill is sufficient +I (24M) am about to start an 8 year job contract of around 5000$ monthly. I can live off 900$ which leaves me with 4100$. I was thinking of going 50/50 into QQQ and SCHD and DCA into them weekly. Is this a good idea? I'm new to investing all together so I'd appreciate the feedback. +I’m new to investing and recently opened a self employed 401k account. I DCA into several different ETFs (I’ll save you the “rate my portfolio”) to keep myself diversified. I haven’t had to rebalance my portfolio yet but I’ve been wondering, when I do, should I actually sell some of my position in winning ETFs to rebalance that money into a losing position? + +For instance, the small allocation I dedicate to a total bond market ETF. It’s basically just gone down since I bought it. I feel like I’d be forgoing a better use for that money (stock ETFs) in the name of staying balanced. +What do you all think about SOXL? I am new to this so I searched ETFs 5-year predictions and found this website: + +[https://etfdb.com/compare/highest-5-year-returns/](https://etfdb.com/compare/highest-5-year-returns/) + +What are your thoughts? +I'm looking for ETFs that are currently gaining and you think will continue to gain in the next few months. + +My portfolio is heavy tech and high risk currently (ARKF, ARKK, ARKW, BLOK, CNBS, GIGE, IZRL, XLB) + +So looking for something that is not tech. + +It seems like the only thing growing are leveraged ETFs and I don't want that. + +I might also just sit on the sideline and wait for things to get better. + +Any advice would be greatly appreciated. + +Thank You +Hey guys +Silly question here, just wondering if there is a way to associate to my IBKR account an app a bit more “2.0” +I feel like IBKR does not offer a lot of visual tools to play around with your portfolio, but maybe I’m wrong +Thanks +I have $30,000 that I'm looking to invest in ETFs. Im thinking I'll put 10k into VOO and 5k into XLE as I'm in oil and gas and I feel like it's coming back. The other 15k I would like to play with some riskier funds...looking for any suggestions. Don't need this money for probably 25 years. I would also be making $500-1k deposits every month or two months. Anything new and upcoming? +I'm a little unsure how to approach this. ETFs are new to me, but I at least know how they differ from index funds and other traded equities, so I'll state my goal is to build a strong portfolio with a commendable annual yield, something to help me retire in 10-15 years. + +At a glance, some of the ETFs I've seen that could help are: + +* QQQ +* VUG +* VOO +* VTI + +Although, I've also seen that something like a Fidelity TDF could work, as well, or even just some good ol' fashioned index funds to set and forget. I don't have any illusions I'll somehow make 20%+ annually and be a millionaire in 5 years (though that'd be nice) but with a recession supposedly coming in the next six months or so I'd like to have a plan for when prices really drop and the market starts recovering. + +Any advice is welcome. Thanks for the help. +Hello everyone, + +I am a 30 year old living in Germany. I currently have following portfolio of \~10k EUR, done through 5-6 large trades. + +80% [https://www.justetf.com/en/etf-profile.html?isin=LU0392494562](https://www.justetf.com/en/etf-profile.html?isin=LU0392494562) + +10% [https://www.justetf.com/de-en/etf-profile.html?isin=IE00BTJRMP35](https://www.justetf.com/de-en/etf-profile.html?isin=IE00BTJRMP35) + +10% [https://www.justetf.com/en/etf-profile.html?query=msci++world++small&groupField=index&from=search&isin=IE00BF4RFH31](https://www.justetf.com/en/etf-profile.html?query=msci++world++small&groupField=index&from=search&isin=IE00BF4RFH31) + +&#x200B; + +I plan to continue investing around 2K EUR per month and maintaining my ratio across above ETFs, not sure what kind of commission I am been charged by ing diba, I mostly invested in haste since I was ignoring investment for quite some time :( + +My question is as I have double amount of saving in cash (half of which I would keep as emergency funds). But I am afraid of putting the rest \~10K into ETFs, primary reasoning is wait for a crash and then put it all in. Is that a reasonable strategy, or should I put that in bond/gold/utility ETFs right await and then maybe move to my above portfolio after crash? I plan to invest aggressively for the foreseeable future. +For example, will my VOO go down a lot if one of the companies in S&P500 goes bankrupt? Does it depend on the holding % of the company? Or it won't affect much because the index fund can swiftly replace it with another company? + +Is the risk of a S&P 500 company goes bankrupt very low since they annually choose the companies to be in it based on evaluations? +I’m still learning more and more about ETFs so this might be an easy question. + +Let’s take some made up ETFs: +1. Costs $100, ER is 0.05 and yearly dividends are $3.00 + +2. Costs $25, ER is 0.25 and yearly dividends are $1.50 + +Which is better for long term, getting 4xETF2 since you’d get twice as much in yearly total dividends or getting 1xETF1 since it’s less yearly dividend return but also less in expenses? + +I’m still learning so bare with me but I’m guessing 4xETF2 is better short/mid but ETF1 would be better long term? Any help/explanation is appreciated +I have a great job in my field (genetic counselling) after 7 years of college. American citizen living in the UK. Am coming up to 6 months working and feel like I'm seriously treading water and can't see an end. My financial quality of life is worse than when I was a student and I can't see out. + +Loan summary (all federal student loans, mix of under and post-grad): + +* 1-01, 7,774.11 @ 6.55% + +* 1-02, 4,484.22 @ 5.75% + +* 1-03, 4,473.78 @ 4.25% + +* 1-04, 8,186.10 @ 6.55% + +* 1-05, 1,606.08 @ 6.55% + +* 1-06, PAID (was originally 2,000 at 6.8%) + +* 1-07, 8,982.05 @ 6.55% + +* 1-08, 22,913.78 @ 5.16% + +* 1-09, 20,747.37 @6.16% + +* 1-10, 22,014.42 @ 5.96% + +* 1-11, 24,309.36 @ 6.96% + +My minimum monthly payment is $846.73. Last month I paid $1054.80. I had tried the avalanche method for about two months, but it made me so anxious that I started the snowball method. I have only been in proper repayment two months, and have been making payments before my loans were due for about 7 months total. + + +I just looked at my "payment summary," and only $22.15 of the minimum $846.73 went to the principal. It makes me feel like the biggest turd in the world and I have no idea how it can possibly get better. + + +I'm on a mix of standard and graduated repayment plans. In 2020ish I'm going to be paying $2400 a month, which seems impossible. + + +Monthly income after tax: $2700 ($300 goes to employer matched pension plan) + +Monthly expenses: + +* Student loans: $1000 (roughly) + +* Rent: $750 including bills/utilities (I live in London, UK) + +* Cell phone: $36 + +* Emergency Savings: $200 (Have just over $1000) + +* Transport: $75ish (I spend $20 on a "cycle to work" scheme, the rest is going in and out of the city, buses on rainy days) + +* Food and socializing: $300 (make own lunch at work, don't buy coffee, etc) + +* Long distance relationship: $150 (London to Cork flights monthly-- non-negotiable) + +* Healthcare $0 (woo, National Health Service) + + +Some months I'll also have to pay for travel to conferences, which take months to be returned. + + + +Any advice is hugely appreciated. I feel like a fart. + + + +EDIT: Thank you everyone for sharing your experiences and your kind words. I feel more heartened and less farty. The only thing I will say is that a job can be great for a lot of reasons besides money. Thanks all. +I see a lot of people saying "I moved everything to ETFs" or "I sold all my stocks and have pillows for my couch now with all the cash". + +Am I crazy that I am going to buy some on the dip and just hold? Shit sucks right now, but fundamentally, companies falling haven't had their future change. + +My big holdings: BRK.B, AAPL, SQ, BABA, DIS, MSFT, CRM, BA, SBUX, MCD, NVDA, CVS, UBER, QQQ, SPY, MGK, VTV, DSTL, VIG, SPYD, VUG, VXUS, VNQ. +His payments are 200 a month, overall student loans are 63,000. It comes out to him only paying 24,000. He has a 401k not too sure on all the details of it but is enrolled. He has about 2500 credit card debt. Should he pay off his cc debt, keep an emergency fund and then have a 5 year cd. He doesn’t want to spend the money so having it locked up in a cd helps that. Or should he make a dent in the student loans? +I have three questions: + +1. For years I've been thinking about REITs vs Rental Properties. + +Fact is: I hate managing tenants and taking out a loan in my country is not that optimal (I have cash anyway). For this reason I am leaning towards REITs but I know so little about them, I don't know where to begin. + +Do you think REITs better in my situation? Any opinion helps. + +2) No big investor has more than a few percent invested in REITs (Warren Buffett, Ray Dalio, Lynn Alden etc.). + +So if REITs are so good, why don't investors buy more REITs? + +On the flip side, investors who are real estate oriented have 50%+ of their portfolios in physical real estate. + +Why is there no big investor with a portfolio that is at least 50% REITs? + +Is there something I'm missing? + +3) Also I heard many people say that now is not the time to buy REITs but nobody explains why. Why? +So. I'm one of the morons that started learning and studying day-trading two months ago after being laid off. Since then I've consistently made money, and averaged above my previous salary. I've learned several expensive lessons, I've had a couple negative weeks even, but always came back and then some. Im starting to think this might actually work as an income source, but that seems ludicrous. I guess "humble brag" or whatever, but someone with years of inexperience (compared to my weeks) please tell me a horror story of it all going to shit. I've been treating it as a full-time job every day and I really love it. It just can't be this simple to get out of the rat-race. I've been involved enough to know the market is far from "normal" right now. Perhaps that has made it easier on me. + +I'm legitimately terrified that I'll fuck it all up so badly if I decide to just pursue this indefinitely. +i backtested a strategy from 2016 and each year it has given 85-95 % returns excluding slippage and taxes , this year its been 4 months and it has only given 7% return when the expected return should have been almost 28% , i havent gone off the plan once yet but im starting to doubt if it has stopped working or not. + +its a simple (very objective )range breakout strat with fixed rr and everything , also wanna mention that i have manually backtested it so there is no room for code error + +i'll add each years graph so you guys can get an idea + +&#x200B; + +[2016](https://preview.redd.it/vue4ipvj8sw81.png?width=857&format=png&auto=webp&s=83295760137820e235b6a4f50fe141d46fec54a3) + +&#x200B; + +[2017](https://preview.redd.it/ip38r98m8sw81.png?width=842&format=png&auto=webp&s=1ea94a2b9640e40dc6e622a2a3edfbb17183e88d) + +&#x200B; + +&#x200B; + +[2018](https://preview.redd.it/v2klyzzp8sw81.png?width=823&format=png&auto=webp&s=77be3024346a8c564aa9b2633843e3fb610d6d85) + +&#x200B; + +[2019 ](https://preview.redd.it/1o10s7dr8sw81.png?width=822&format=png&auto=webp&s=38b3f7ef1fd725c4c462dbe3f9df6f2c31ef05c8) + +&#x200B; + +[2020](https://preview.redd.it/o9tkd2ms8sw81.png?width=823&format=png&auto=webp&s=c2a4ac191a88369ce342d3a3162356b09db83127) + +&#x200B; + +[2021](https://preview.redd.it/zvbgvost8sw81.png?width=1146&format=png&auto=webp&s=8c17047dd34f8b187bd3bf5f29f33e7d9cb5a00d) + +&#x200B; + +[this year , ](https://preview.redd.it/2z1nzgou8sw81.png?width=868&format=png&auto=webp&s=4e3daaaa7adf3691cf3452479f0b04e3b70b29a7) + +the max deviation from mean was about 19% to the upside in 2020 , this year its around 20% to the downside so its somewhat still not disproven , but still feeling demotivated/ unsure , looking for suggestions + +yes i take short trades aswell +I tried explaining to my parents months ago what crypto was but they couldn't grasp the concept of it and just brushed it off but I told them I put some money into it. + +Today my mother just said she heard crypto and bitcoin is crashing and that I should sell if I had any. I'm not sure what to think of this, as I know she definitely heard this on one of those stupid morning shows for housewives. Maybe this is just a widespread media FUD or maybe it's the beginning of the bear market. + +At the risk of sounding foolish maybe this is where the newbie crypto 'investors' get shaken and sell their coins. I wasn't super active during the last bear market so I don't know what it was like but I can't tell if this is just a big dip due to media coverage. Make of it what you will but I'm invested in project I believe in and plan on holding, my mother thought it was foolish but hopefully in 10 years time I can use this money to spoil her. +The last two days I'm seeing *all* the growth stocks I own or follow quickly dropping to 52 week lows. Its only two days, but I usually see more of a mixed bag off movement, whereas all the fish are now swimming in the same direction. + +It does make me wonder if this is the cusp of a migration away from long term/growth companies we've been expecting. Or maybe it's just random noise. Who knows? + +Anyone else seeing this trend? + +(Note: I'm in for the long haul on stocks like this, so I'm not worried, just find it curious and want to know what others think.) +I have my SIPs on 1st of every month. Unfortunately , I am not able to keep much money in account registered for SIPs.Since salary account is different + +So I transfer my money to that bank every last week +Except this time there were lot of bank holidays and online banking of SBI was giving some troubles. + +Due to lack of funds HDFC imposed debit return charges for my SIPs amounts and they are above 3000 rupees + +Can I file for return of this charges? I have read lot of online threads and advices. But none off them are much clear. Any advice will be welcome. Thanks +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). +I see a lot of advice here to invest in Debt funds that don't take credit risks and invest only in high quality bonds. Gilt funds should have only high quality Govt. bonds. Why is Gilt funds not that much recommended here? Won't Gilt funds also get the indexation benefit after 3 years? + +I don't have much idea about Debt/Gilt funds. So asking here. +Hello, recently I got a offer from a company with a handsome package and I decided to discuss about my financial management with my dad. +I am 24 and been reading and following r/india investments. I told my dad about investing in mutual funds to which he says that chit funds are better than mutual funds. +He told if we invest a total of 75k in a period of 20 months without picking the chit during period then At the end of 20th month we would get 1 lakh. +that's 15k guarantee where as mutual funds returns are completed based on the market. +What do you guys think? IT tax savings is already covered, so please suggest interns of money growing. +Thanks! +For a few past years, the edelweiss greater china fund of fund has done exceptionally well, the MSCI greater china index also seems to be on the rise. + +The edelweiss fof puts the money in jpmorgan china fund which has a long track of market beating performance. + +Some of the selling points of the fund is their lower correlation with the indian market and higher returns which overall benefits the investor. The other important fact of the fund is that it helps one invest in some of the global Chinese firms like Alibaba, Tencent, Taiwanese Semiconductors etc. + +Another great point I learnt is that the Chinese stock market as such is undervalued considering the strong economy when compared to western developed world - mot a significant share in MSCI world index ~ around 5 percent. + +So far so good! + +Although on the negative side is the governance in the area - the stock exchanges are state owned and we all know what happened to ant group’s IPO which was poised to be the biggest ipo in the world. State controls what gets listed and also what gets delisted :) + +Also state can exercise great control over the businesses by it’s policies which I believe can be very sudden and haphazard when it comes to CCP. + +I also came across the accounting practices not very transparent and upto the mark, keeping an exception to the firms like alibaba which is also listed at NYSE and has to follow the US norms - although I didn’t come across any particular evidence for this. + +Also, the political tension which is getting built against china recently (which I support as an Indian) can be problematic when I look at it as an investor. + +Could you please share your viewpoint, and of you are investing in any such fund of fund, there are others as well now, what’s your idea behind it and how much of the portfolio one should allocate to these funds? + +Thank You! +Why debt fund/s with holding DHFL bonds like Tata corporate bonds fund drops 30% when they defaulted and rating downgrades. But as now they have [started paying back](https://www.google.com/amp/s/www.moneycontrol.com/news/business/markets/dhfl-ncd-interest-payment-4088181.html/amp) Nav is not up? +We've all kinds of investors among us, from noobs to veterans. Some are planning to start their journey, and some have FIRE-ed, after decades of investing. + +Some of us rely on advisors / distributors / policy agents / bank managers. Some rely on ourselves, because we think we know better. + +How confident do you feel in your financial plans or strategies, both for short-term as well as long term goals (including emergency corpus in short-term asset allocation)? + +If you don't feel confident, have you at least figured out what would make you confident? For instance, someone accumulating their emergency corpus in liquid funds or sweep-in FD would feel confident after reaching a landmark number, say 50k in savings. + +For the veterans or experienced ones, who are reasonably confident; at what point did you realize despite all the market turmoil and risks, your financial planning is good enough? + +Looking for subjective personal anecdotes, as well as objective data-backed insights. +Hey Redditors, need some advice on what should be the best strategy for me to go about investing my savings every month. + +Right now,post my expenditures, I have about 1 lakh per month which I am free to invest. Right now, for about ~1.5 years, I invest 40K in about 6-7 different Full equity Mutual Fund schemes through SIPs,and remaining goes to FDs. I can't invest in stocks directly as I have neither the time nor the inclination to learn about that currently. + +I am 24 right now. What can I do better? What other options do I have? Should I invest lumpsum in some other business(I have cash saved up)? + +Please help me out here. +I am seeing many articles on moneycontrol are only for moneycontrol+ peoples. + +Is it worth purchasing this moneycontrol+. If any one already using it please give some reviews. +Hi everyone, + +I have been a regular lurker on this sub. Really appreciate all the discussions that happen here. My question is about different strategies around rebalancing portfolios. Let's say if someone's portfolio's composition is: +1. Nasdaq N100 ETF - 30% +2. Nifty50 - 15% +3. NN50 - 15% +4. Liquid - 20% +5. Gold - 20% + +In my understanding, 1, 4 and 5 are taxed as debt funds. +Now, if the US markets inch higher (or, lower), to maintain the targetted allocation, some units of 1 have to be sold (or, bought). But when to sell them, as the short term taxes are quite high. That also applies to 2 and 3 as well (albeit, lower taxes). Do you folks do it periodically (quarterly, yearly)? Or, are there any other obvious strategies I am missing here? + +Edit: fixed the allocation percentage + + +Firstly, it is worth asking as to why did most of these FoFs have such a high exposure to those “yield oriented” funds?  In fact, one of the FoFs can only invest its debt allocation into “yield oriented” funds.  In that respect, one could say that their very design was dubious.  But then it is also worth asking that, as the credit quality of these funds deteriorated over the past 12 months or so, why did FT not make appropriate changes to these FoFs?  I must point out that around 6 months ago, several amendments were made to one of the FoFs: FT DAAF.  The underlying equity fund was changed, as was the basis for the debt:equity allocation.  Yet FT persisted in continuing the underlying “high yield” debt fund. + +Secondly, when FT took a decision, a few months ago, to allow for segregated portfolios (or side pocketing) across its debt funds, why did it not include the FoFs?  Sure, there would have been difficulties in doing so but then did FT really make a serious effort?  And if it wasn’t possible, why did it not then consider amending the allocations of those FoFs towards high credit quality funds? + +As a case in point, look at what happened when the Vodafone holdings were marked down in January this year.  Investors in the underlying “yield oriented” debt funds got the benefit of segregated portfolios.  On the other hand, investors in the FoFs were left in the lurch, having no choice but to take a hit on their investments.   + +Which brings me to the current issue, which actuated this post. + +For starters, without getting into the legality of it, was the idea of an “illiquidity discount” in itself the best solution that FT could think of?  Indeed, was it even in the best interest of investors (as FT likes to frequently proclaim)?  + + [http://mfcritic.blogspot.com/2020/04/agony-of-being-franklin-templeton-fof-investor.html](http://mfcritic.blogspot.com/2020/04/agony-of-being-franklin-templeton-fof-investor.html) +https://www.thestreet.com/investing/tesla-trading-at-650-gets-90-price-target-from-jp-morgan + +“JPMorgan analyst Ryan Brinkman has told clients not to increase their holdings in Tesla to approximate its weight in the S&P 500 ahead of its inclusion to the benchmark on December 21. + +The assessment from JPMorgan analyst Ryan Brinkman reflects some of the concern on Wall Street for the pace of Tesla's meteoric rise this year, which has added more than 660% to the group's share price and more than half a trillion dollars to the company's market value. Its net income for the third quarter of this year was $337 million. + +Brinkman says Tesla shares are "in our view and by virtually every conventional metric not only overvalued, but dramatically so", citing a stock price that trades at 1,325 times its long-term PE multiple and 291 times its 2020 estimate.” +Title says it all: I have a 25min commute to work every morning and would love to find a podcast I can tune into to learn more about financial planning/market updates/macroeconomics. Any suggestions will be much appreciated! Thanks in advance. +Brief rundown of my finances. + +I have $26,000 saved. I only spend about $1,000 a month and take home around $2,500. + +My current car is shot, so I need to buy a used car. I am thinking about getting a 2020 Toyota Corolla with around 40K miles. Should last me at least 10 years, if not 15. After taxes and all fees, it’ll run me around $22,200 to buy it. + +Is it a terrible idea to only have ~$4K left in my savings after buying the car? As I said, I can save around $1,000-$1,500 per month, depending on unique expenses of the given month. + +It’s a horrible time to buy a car. For example, a 2015 Corolla with the same mileage (50K) is still gunna cost around 17–18K before tax. So I feel like it’s worth it to get a 2020–I don’t want a car loan, which is why I’m going to pay in cash. +Gf and I have been together for almost 6 years now. I graduated in 2018, got a job, and have been paying the bills these last 3 years. She just graduated and got a job. I make 68k, she now makes 48k. + +What is the best way to have a budget as a couple? Since we're not married yet (hopefully engaged late this year, married next year), I figured we should estimate the total cost of living (rent + utilities + food + entertainment + car) and split it in percentages that reflect our income differences, something like 55 or 58% for me, 45-42% for her. Then, each of us has left over money to be used at our own discretion, like save, invest, or spend (she has her student loans and wishes to pay them off asap, that's her only debt) + +I know every person is different, but how do you manage your finances? Any links, sources you'd recommend? + +Most importantly, how do you handle the logistics? I have like 6-7 credit cards with specialized categories for cash back, and she only has 1. If we use my cards, how do I make the info to her for maximum transparency? +I found one I liked but he has a backlog of several months. I’m not sure I want to wait that long. It’s not that my finances are that complicated. Rather, I want to make sure my wife has a plan in case something happens to me. + +Thoughts? + +EDIT: Just to clarify my question. Is it reasonable to wait several months for a CFP to be available? + +I’m a 20 year old guy from the UK, I’m a full time estate agent on a good wage. Despite this I have no background in credit and pretty much everyone I’ve ever met who’s somewhat older than me has told me to start building credit. What’s the best way to go about this besides applying for credit cards? +I currently have a 401k I contribute to through my employer, have recently REALLY buckled down on saving money (I try to put away $225-250 every week). Basically, I know there will constantly be a never ending battle with “saving money” for the rest of my life, but I would love some advice as to how I could be planning and setting myself up for the future! +We live in North Carolina (USA) and we have owned our current home for 3 years. We owe 180k on a house we purchased for 190k, and the current zestimate is about 270k. I know to take that with a grain of salt generally, but I've been watching other listings in our neighborhood and have relevant comps for very similar layout and square footage that have sold for more than that amount in the past six months. I went to the open house for a comp one street over last fall and the house was a mirror of our layout, with very similar finishes inside (granite counters, wood floors, etc). It sold for $280k. Our house has a much larger and nicer lot and an attached garage as well so I think it's very realistic for us to think we could sell in that same range. + +Based on various things going on economically and politically I feel we are very likely headed into another serious recession. It feels like this is an opportunity to cash out and just rent for a while and see how things go. Maybe relocate to Texas, or maybe wait for a real downturn and purchase a less expensive property in our current region. + +Other factors - my job is remote, I can do it from anywhere. All our benefits are through my job as well. My husband is self-employed and his work is fairly portable. We don't have any debt other than our mortgage. Our cars are under 10 years old and well maintained. We have two children in middle school who are pretty adaptable to things and not particularly attached to where they go to school currently. The schools where we live have some issues and we could hardly do worse by moving -- in fact we could potentially do much better. + +I brought this up with my husband and he thinks it's bananas, but that's his reaction to basically anything until he has had time to warm up to an idea. I am the planner in our family, and I handle all our finances. I organized our last two moves and both times he was not really on board but we did it anyway, and after the fact he thought it was fantastic and was really grateful that I had made things happen. + +His concerns, which I share to a degree, are: + +1. It's tremendously disruptive to pack up and move our household -- whether it's across town or to another state (4-bedroom, 2100 sf house). There would be substantial costs (moving, realtor fees) eating into the possible $90k profit. +2. It's maybe killing the goose that lay the golden egg, a bit? We're very well-positioned both in our neighborhood and in our region, which was the whole reason for moving here 3 years ago. We lucked out to buy this house about a hot minute before the market suddenly soared. If we cash out and there isn't any crash, we still have to pay to live somewhere and may be worse off by then. It's a gamble. + +If we were to do this, we should be getting started right now on getting ready to list in spring. We'd need to move a lot of things to storage, do some touch-up painting, and work on the landscaping a bit. + +Is it crazy? +TLDR: I can't find a practical vehicle that can tow a mere 5k lbs, a family comfortably, good reliability scores, and under $30k used. + + +Let me start by sharing that I feel that cars have just gotten bonkers in pricing wise over the years. And it is putting pressure on those that need them. + +My wife and I are both 29, debt free except our mortgage, and make just in the low 100s combine. We save most of our money for retirement, and have no kids yet. I also have a Saturday side gig of fixing rental properties and flip houses with a friend that nets me about another $10k a year. So it is the golden years financially for us. + +My dream is to first begin flipping houses of my own, then become a general contractor, and about 7-8 years down the road become a builder. I will have a general contractor license by the end of 2022 and licensed by the state. hoping to own our first flip house by then too. + +Here's my problem. Since my focuses are on becoming a home flipper and GC at the same time short term to help build capital and experience for home building, I will need a vehicle that can move material. + +My wife has a really old '97 lexus sedan that just keeps chugging along, so we just never replaced it. I own a 2015 compact sedan that is paid off and has served us well. Still in the 70k miles. + +Let's start by sharing I'm NOT emberassed to NOT be driving a truck as long as the vehicle of choice is reliable, and can get the job done. Half ton trucks aren't really needed even in the building contractor profession. (shocker, right?). Around 5,000 lbs is all you really need. + +Really looking for something low miles like a lease return, and relatively youthful. + + I've priced our various CPO/used SUVs, trucks, and other vehicles that can tow 5000 lbs along with a basic utility trailer, while fitting 2 car seats in the back. I'm talking base model vehicles, awd/4wd, with a tow hitch. That's the only options I'm looking for.... + +Everything I find is high mileage, not kid friendly, $30k+ used, low reliability scores, or any combination of those. I am also looking at resale value, although that is lesser concern because we hold our cars forever. + +Do I just have way too high of an expectation of vehicles with too low of a price? + +How do people actually pick up a vehicle that will comfortably fit a family with car seats and tow 5000 lbs for 20% of their yearly income??? What are people sacrificing? +My BF has been working for this company since the beginning of June. He got his first pay stub and everything looked fine, mainly the fact that he had set his allowances to 0. He works the overnight shift and was told that due to covid they want to limit interactions as much as possible with H.R. He was informed that if he ever needed his pay stubs he is too call in and let them know and it will be left with the evening supervisor. Over the course of the summer he requested his pay stubs a few times and was given the last pay period only and nothing prior even though he requested them. In the beginning of September he noticed that his pay stub had 5 allowances on it and requested his other pay stubs about 3 times since then.Including a request to change the allowance to 0, which never happened. He got another pay stub and realized they didn't make the change. After many send off attempts from the receptionist, we were finally able to speak with H.R. and they able to get them to change it right away. He was told that he would need to save money to pay for the taxes due to their mistake. We don't know anything about this and it seems extremely unfair. We talked about just taking the L and working on trying to figure out how much he'll owe, so he once again requested all his missing pay stubs. All he was given is a print out of his pay history with no indication of us being able to figure out when his allowances changed. Something doesn't seem right about this. There is a lot of dodging going on. If anybody could shed any kind of light on this. +For context, I am 23F, and I am going back to graduate school after working a little over a year at my first job. I have no debt right now, and I have about $50k in savings with about 25k of that in ETFs and other equities, but as an international student in the US I’m not going to be able to make much income for the next 2 years. I’m fortunate to not have to take on debt for school, but I’m not going to be able to add anything to my savings and investments. + +Furthermore, I know I’ll end up taking a career break(s) later on in life when I have kids, so I was wondering if anyone else has a plan or has taken income breaks and how that has panned out for their financial goals? + +I currently work 3 jobs to soothe my anxiety of not being able to work in the near future, but I’m so close to just quitting my main job now instead of in august because I hate it so bad. +We live in North Carolina (USA) and we have owned our current home for 3 years. We owe 180k on a house we purchased for 190k, and the current zestimate is about 270k. I know to take that with a grain of salt generally, but I've been watching other listings in our neighborhood and have relevant comps for very similar layout and square footage that have sold for more than that amount in the past six months. I went to the open house for a comp one street over last fall and the house was a mirror of our layout, with very similar finishes inside (granite counters, wood floors, etc). It sold for $280k. Our house has a much larger and nicer lot and an attached garage as well so I think it's very realistic for us to think we could sell in that same range. + +Based on various things going on economically and politically I feel we are very likely headed into another serious recession. It feels like this is an opportunity to cash out and just rent for a while and see how things go. Maybe relocate to Texas, or maybe wait for a real downturn and purchase a less expensive property in our current region. + +Other factors - my job is remote, I can do it from anywhere. All our benefits are through my job as well. My husband is self-employed and his work is fairly portable. We don't have any debt other than our mortgage. Our cars are under 10 years old and well maintained. We have two children in middle school who are pretty adaptable to things and not particularly attached to where they go to school currently. The schools where we live have some issues and we could hardly do worse by moving -- in fact we could potentially do much better. + +I brought this up with my husband and he thinks it's bananas, but that's his reaction to basically anything until he has had time to warm up to an idea. I am the planner in our family, and I handle all our finances. I organized our last two moves and both times he was not really on board but we did it anyway, and after the fact he thought it was fantastic and was really grateful that I had made things happen. + +His concerns, which I share to a degree, are: + +1. It's tremendously disruptive to pack up and move our household -- whether it's across town or to another state (4-bedroom, 2100 sf house). There would be substantial costs (moving, realtor fees) eating into the possible $90k profit. +2. It's maybe killing the goose that lay the golden egg, a bit? We're very well-positioned both in our neighborhood and in our region, which was the whole reason for moving here 3 years ago. We lucked out to buy this house about a hot minute before the market suddenly soared. If we cash out and there isn't any crash, we still have to pay to live somewhere and may be worse off by then. It's a gamble. + +If we were to do this, we should be getting started right now on getting ready to list in spring. We'd need to move a lot of things to storage, do some touch-up painting, and work on the landscaping a bit. + +Is it crazy? +I'm on a path for (eventual) FIRE and I want to get rid of some of my biggest expenses, and a car eats up about 33% of my currently rather small income. Also I hate it because it keeps giving me issues and I'm about to drop $400 on it between towing and service fees because it decided to lock-up because it thinks it was stolen or something. + +My lease ends in October. At this exact moment I have five requirements for wherever I end up: + +1. Cheap. Right now I have 2 roommates and spend $250/month on rent, plus another $150 between utilities and internet and shared household items. + +2. No car. I'm very tired of my car, my insurance is really high because of an accident in November that totaled it even though I only got my license in October. I'm a young, and bad, driver. + +3. Warm. I can stand the cold, but I absolutely despise it. My ideal world would never get below 80, but I'll settle for a place that doesn't drop below freezing more than like... twice a year. Right now I live in Saint Louis, Missouri, and all these ice storms are reminding me why I hate winter. It seems just my luck that all the big cities with good public transit get freezing. + +4. Vaguely pet-friendly. This is what pretty much bites me in the butt everytime. I have two cats that absolutely need to go with me. Then I have three ferrets that I would REALLY like to go with me. I'm not even sure how ferrets fall under most pet agreements, they technically live in a cage like a guinea pig, but they're also technically exotic. I hate to admit it, but I'd be willing to rethink them if I need to. My pets aren't too big of a financial drain, thankfully, but they do cost me $50-$100 a month. + +5. Big enough that there's 1 or 2 Starbucks in the immediate area. No, I don't have a caffeine addiction. I work at Starbucks right now and will until I finish school as I'm completing my bachelors degree. + +I'm starting to look toward Houston. I really want to live in southeast Florida, but Miami and Orlando both seem terribly expensive, and I don't know much about Tampa. But I'm assuming I'll have to wait on Florida for now. + +I feel like if I had just 3/5 of these things I could save so much more. Right now my expenses are ~1k a month, and I earn between ~1.2-1.5k. Just looking for suggestions. +I’m almost 30 and don’t have much in my savings account. I have just recently learned that I need to start saving. + +My problem is that I have made multiple bigger purchases (of which some are items I didn’t absolutely need) over the years using the ”small monthly payment of X for 24 or 36 months” method and now I’m in a situation where most of my money after rent and food goes towards the monthly payments and nothing is left for savings. + +I know that I can only blame myself for getting into this. Money has always been a huge taboo in my family so I never got guidance on personal finance or money in general. I can’t talk about this situation with my parents or other family members so I’m reaching out to you guys. + +How do I get out of this situation? +How do I stop buying stuff that I can’t afford in a single payment? + +I would love some help on getting out of this. Any tips are welcome. + +Edit: Re-formatting my question since it could be interpreted in a way that I would blame my parents for my situation - which I really am NOT doing, I’m 100% responsible for getting myself into debt. + +Also thank you so much for all the people who have given good and encouraging suggestions! I now have some actions to take. +I'm at the point where I'm being hit by the medicare levy surcharge. + +I'm trying to pick a health insurance to cover me and my partner. But it's broken into three tiers, with 20 or so options stacked on top. Confusing. + +Putting together something useful costs roughly double the surcharge, through these filthy comparison sites run by meerkat mascots. I don't trust them. + +My partner recently had to have surgery, and the public system worked perfectly for free. A friend of mine had a difficult child birth at a private hospital, and the baby just ended up getting put across the street in a public hospital because it had more resources. I don't ever want to be at a second rate hospital because it has nice carpets and fancy beds. + +The system feels obfuscated by complexity. How do I get through that and evaluate it properly for myself and my partner? + +Nurses and doctors are lovely people and I'm priveleged to make more than average. I'm tempted to just pay the surcharge and be done with it. +**TLDR; CMC seems opaque about its FX charges and evasive when asked. They don’t have USD currency accounts, and trading between US stocks results in a 1.2% fee. (ie 2 x 0.6% exchange rate spread, one for the sale of the first US stock with funds converting back to AUD, then another for the purchase of the next US stock, converting back to USD). You'll also be charged $100 per US holding when you discover this and need to move to another platform.** + +Hey guys, I’m fairly new to investment, having primarily invested in myself and my own businesses in the past. I’m the kind of guy who researches the crap out of everything when I decide to do something, so I definitely don’t jump in blind and do my best to make sure I know what I’m doing. + +In the process of getting into stock market investments, I spent over a month of dedicated research on various platforms, ETFs, strategies etc. You should see my spreadsheet, where I’ve been analysing dozens of ETFs, analysing full market histories of ASX and S&P500 etc. + +Anyway, I got a chunk of equity out of the home to invest, and deposited it into CMC markets. I chose CMC after analysing numerous platforms, going with them mainly due to the ability to invest in mFunds on the ASX. There’s a particular mFund that I like and this was the easiest way to invest and also keep all my holdings in the same platform. + +However, despite all my research I wasn’t prepared for the hidden charges of US trading on CMC. I was aware of the 2% FX buffer - which is completely reasonable and is just there to cater for fluctuations in the FX rate while processing the transfer, and is refunded if there is none. + +I was also aware of the 0.6% exchange rate premium for buying US stocks. They don’t exactly put this figure front and centre though, and it feels a little bit like they’re trying to hide it. + +What I wasn’t prepared for was that CMC doesn’t keep the proceeds of US stock sales in a USD account. It’s not easy to figure this out from their documentation. Most other platforms that offer US trading (ie Selfwealth, Superhero, Stake, Pearler etc) have USD accounts to retain funds for US trading. CMC doesn’t which is very strange. + +This is a REALLY important difference unless you plan to hold and never move between stocks/ETFs. It really stings you when you sell a stock and buy another. + +For example, say you’re holding $100k of AAPL, then decide to sell it and instead invest the $100k in AMZN. + +**On CMC:** + +* AAPL sold, FX back to AUD 0.6% exchange rate spread - $600 +* AMZN purchase, FX back again to USD, another 0.6% spread - $600 +* Total charges: $1200 ! + +**On SelfWealth (for example):** + +* AAPL sold, proceeds retained in USD account - USD$9.50 trade fee +* AMZN purchase, using USD proceeds - USD$9.50 trade fee + +**CMC $1200 vs Selfwealth USD$19** + +So trading $100k between US stocks on CMC is $1200 and most other platforms just the trade fees, eg total USD$19. + +I’m flabbergasted that this is the case and I wasn’t aware of it before putting my money into CMC and investing in US stocks. I had even checked reviews of CMC on sites like Finty, Finder, Canstar, Choice etc, and don’t recall this ever being pointed out. To me, this seems like the most important thing you need to know about US trading on CMC, yet I was unaware of it. + +Being so confused about this and not having a definitive answer, I asked directly via CMC’s live messaging. Twice, the support rep referred me to the FX buffer, stating it gets refunded and referred me to the documentation on their website. Multiple times I had to explain that I wasn’t referring to the FX buffer and I understood how that worked.After quoting their own text stating the “spread of just 0.60%”, and asking very specifically about whether this is also charged on the sale or if funds are retained in USD, the rep finally admitted that yes, I would be getting charged 1.2%. + +I get the feeling that CMC are deliberately being evasive about this fee. It’s an absolute dealbreaker for trading US stocks and they must make a fortune off those who aren’t fully aware of the underlying workings of CMC vs the way most other platforms operate. + +I’m not quite sure why this isn’t spoken about more. It seems like an absolute rort that isn’t being adequately reported in reviews or given the weight it deserves on CMC’s own site. + +Fortunately I've only sold and bought $20k of my US holdings so far, incurring $240 in exchange spreads. However, now I need to transfer my US holdings out to another platform which has US currency accounts (ie just about anyone else).The problem with this is that CMC charges $100 per holding to transfer out. I currently have 7 US holdings, **so I will need to pay $700 to transfer out.** + +Despite my best efforts, and feeling like I've researched CMC adequately, I'm still being stung with $940 in hidden fees. +There seems to be an assumption that every dip is people panick selling and giving up on crypto, when in reality it's mostly just traders taking advantage of the opportunity to sell and buy more at a lower price point. +People were complaining about how they raised the cap twice (1.5 billion tokens) which I didn't think would be a problem. + +So I spent the whole night watching videos, how to buy, preparing to get my share during the ICO. +I stay up until morning all excited, and I know people waited not weeks, but even a month for this. + +They claim they are trying to fight the advertising giants (Google, Facebook) yet use this flawed ICO model where a FEW individuals have almost total control over all of the tokens. That's right, the sale ended in seconds. + +Now the crappy part is, a couple minutes from launch, I'm watching etherscan.io and etherchain to see when we hit the suggested block number. BOTH sites, along with the BAT site were taken down either due to a DDoS or traffic so there was really no way to check the block number for me or to recheck to see if I put in the right mainnet address. + +This model is shitty, we have a couple individuals controlling all of the tokens that are supposed to be used to fight MONOPOLY for fucks sake. Now the prices are jacked and it's insane and not worth getting into at all. + +This is not a good way to reward people and your loyal fanbase who support you and your tech especially during startup which is the most crucial point. + +What bugs me is the fact that people can so easily take over the whole ICO and basically fuck everyone over. The sites being down too and not giving the users a chance to jump onboard and support and get rewarded for doing so. + +I'm just beyond disappointed right now, I was looking forward to this and got shot down quick. + +TLDR; Token created to fight monopoly, launched and within 3 blocks total monopoly is formed. +So, almost everyone over at r/investing thinks the market is gonna crash soon. There is like a topic a day about it. + +So how do you think ETH will hold up if/when the market does experience a correction? +Just wanted to hear all of your thoughts as to why ETH is losing so much ground to bitcoin as other alts seem to be gaining ground? Could it be the Bancor hacker cashing out? The volume seems reasonable too which is weird and no negative developments as of late. + +Simply put, what stops a new technology from coming out within the next 2-3 years and doing to ethereum what ethereum essentially did to bitcoin. + +I know that's a bit of an unfair comparison, one being more a currency and the latter, a fuel, but could something feasibly come out that invalidates ETH? + + + + +I've held since single digits, bought a majority of mine from $20-60 and more at $300 recently, I believe in the future of ethereum but would like legitimate answers to this question. + + responses such as + +Is economy of scale too high? EF recruiting some of the best minds? +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! + +He was with his mom (she’s the owner of the vehicle) and they lied about having insurance. Luckily a cop was right there and witnessed the crash so he made a report and I believe he ticketed them since they were at fault. + +I have GEICO and they just sent me a letter saying they’ve so far failed to settle and that settlement could take “several months”. I have Uninsured Motorist Property and UIM so I just have to pay my deductible. + +I’m curious to hear about anybody else’s experience with something like this (especially in TX) and how long it took to get any monies from them. + +Also my rental coverage is about to end and my car should be out of the shop by the end of the month but I wonder if I can text her (I have been in contact with her as she seems to want to pay for damages) and ask her to pay at least some days of a rental. I’ve read that they can eventually take wages for the damages. I’d appreciate any feedback, thank you. + +Edit: GEICO sent me a letter stating this… + +“…we have taken action to recover your deductible and our subrogation interest from the responsible third party(ies) in connection with this claim, but have been unsuccessful to date in that regard. This letter is to notify you that we may continue our collection efforts; however, we hereby authorize you to bring an action at your option and your expense against the responsible third party(ies), if any, in order to attempt to recover your deductible.” +Rent is due on the first of June and I'm short on rent since I am in between jobs. What would be the best way to pay my rent? I have a credit card with more than enough to get a cash advance. Also I will definitely have a new job in a couple days so I may be able to get a payday loan. I've never been in this situation before so I'm looking for advice. +Sorry to say that, but I see some post of tokens that we found out to be rugs and scams. People always tell to DYOR but doesn’t tell you how. #WARONRUGS is your friend. Join our telegram group and ask about coin before buying. Check Twitter posts. Don’t just buy because of some Reddit post with fake upvotes and comments. + +It’s really possible to make money on Uniswap DeFi gems, you just need to chose nonscamy ones. We are there to help. +Cheers 🥂 +https://t.me/snowgecoin + +TLDR: 2100 holders, SafeMoon fork, Contract ownership transferred to burn, LP transferred to burn(rather than into dev wallets like practically every other SafeMoon fork), randomized transaction fee of: 2%, 4%, 6%, 8% + +This coin is currently recovering from a huge whale dump last week and has distributed the supply much more evenly among the community. I believe ATH will be breached soon when the CMC/CG listings get by. I know everyone always says 10x or 100x, but this really does have the potential since it is one of the few animal coins that is actually unruggable, community owned, and has high quality meme art. + +Longer TLDR: https://twitter.com/SnowgeCoin/status/1373924693858779141?s=20 + +Audit 3/25/21: https://snowge.s3.amazonaws.com/Snowge+Coin(1).pdf https://twitter.com/SnowgeCoin/status/1375146844540526595 + +Chart: https://poocoin.app/tokens/0x5e9280d53f28281ce098c8f64e49f5f5dc9ea185 + +Site: https://snowge.xyz + +bscscan: https://bscscan.com/token/0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Why should I buy this and not the random Safe____ fork that just came out? +-Decent chance its just a straight up rug. +-Decent chance its going to rug after they pull the LP that SafeMoon forks all get in their wallets +-The Safe___ fad is going to die soon after enough people get rugged, and they’ll look elsewhere +-Extremely active dev/marketing/mod team +-Tons of premade memes ready to go +-Survived the initial pump/dump +-It is only two weeks in, and with this recent dip the price is right +-Devs don’t own the major wallets +-Presale was max/min buy of 0.1 BNB, with a hardcap of 50 BNB(no presale whales) +-Charitable cause +-Active development + +For people that want to see deeper: https://pastebin.com/KJMYXEnb +Monero +$.50 to $459. +$.50 on Jan. 2016 +$459 on Jan. 2018 + +$115,833% gain + +$10,000 on Jan 2016 in Monero turns to $4,000,000 in two years on Jan 2018. So the coin basically 900 times in 2 years. What other coins have been like that and what coins currently have that potential in a couple years 2-5? Will this kind of gains ever happen again? +Name some potentials right now. Also, has there been any other coins that have gained close to this much? Tezos is only $2.20 but I’m not sure about it’s potential. I’m still researching. But that’s my example I’m providing. $2 to maybe $50 in a couple years. +Context: I made a [post](https://np.reddit.com/r/javascript/comments/x2emrv/i_made_an_open_source_blockchain_automation/) on a community for developers in which it is normal to post the code of your open projects for others to comment on it. I have posted many projects in the past, and the community was always very supportive. After all, you are just doing some work and sharing it for free for others to see and use. + +This is my first time posting a blockchain-related platform. I got downvoted like never, having to go into discussions with people claiming that all blockchain is pointless and a scam. I almost didn't talk about the project, it was all negativity, and I felt like I was trying to scam someone. The project is not even DeFi; it's just a smart contract automation platform that they could use for free. + +How can the Blockchain community revert these views? It would be impossible to create massive adoption if most people strongly believe that everything to do with blockchain is just marketing and scams with no useful applications. This was a community of developers who should at least differentiate the tech from the scams; I can not even imagine the sentiment in other communities. Is there something we can do besides trying to explain valid use cases one by one? +TA tries to capture market psychology and sentiment by analyzing price trends and chart patterns for possible trading opportunities, but it's misguided and lacks a theoretical basis. + +When put to scientific tests it doesn't hold up against empirical evidence. Analysts consistently looking at different indicators and hedge their analysis. Often going BACK to data and drawing lines saying LOOK LOOK it broke the barrier line trend hill thing! SEE! + +Listen - if this stuff actually worked - we would have giant AI computers dedicated to learning how to do it - oh that's right we do - and you know what happens when we plug them in to the system? The system figures it out and reacts differently. The global mood changes on a dime and all TA goes out the door with it. + +**tldr; IT IS NOT OBJECTIVE.** + +Let me be clear, there ARE definite patterns within the stock market, and if they are recognized they can be successfully traded upon, but analyst cannot separate themselves from their beliefs and pre-dispositions, they selectively, and possibly sub-consciously, choose charts and TA indicators that confirm what they have already concluded. +~~Cardano is just a whitepaper (2017)~~ + +~~Cardano is vaporware (2017)~~ + +~~Cardano doesnt even have light wallets (2018)~~ + +~~Cardano is centralised ( July 29, 2020)~~ + +~~Cardano cannot support NFT (1 March 2021)~~ + +~~no one is developing on cardano, (March 2021 - plutus poineers)~~ + +~~What happened to their plan to sign contracts with governments? (May 2021 - etheopia)~~ + +~~Cardano has no smart contracts (13 september 2021)~~ + +~~Cardano can only do 1 swap per block (october 2021)~~ + +~~Cardano doesnt even have a Dex (December 2021)~~ + +~~No, I meant a proper dex, not muesliswap (jan 20 2022)~~ + + +Cardano cannot scale. <----you are here +Hi all. Firstly, Happy New Year to everyone, and thanks to everyone who helps out on here. + +I've been a long time browser, and am hoping to start a conversation on what I can imagine is a pretty common question with the group. Essentially: how do you think about deploying for the long term on the heels of such a massive market rally (that I did not really catch). + +The basics: 35M, newly married, no kids. 1.5-2M combined W2 income. 10M net worth, mostly from a few very good years previously: 1.5m in equity in a 3m NYC apartment (ouch in 2020), 3.5m fully vested by tied up with employer (stake in multi-strategy global hedge fund, equity heavy but pretty market neutral w enviable history -- one of the names people try to get into), 500k in various privates (a real estate deal, a couple venture investments); 500k in 401k and other long term target date allocation fund. + +We're 'spenders', and that's unlikely to change. Between life in the city (VHCOL), travel etc we spend about 50% of after tax income, leaving about 500k post tax, and post saving. + +That leaves 4m liquid / investable. I'll be the first to say I screwed up 2020 **massively**. I was overallocated to high yielding MLPs (25%) which cratered, and to a previous (financial industry) employer stock (25%). And underallocated to tech, which obviously soared. The rest was essentially in SPX (50%)...but further embarrassingly I panicked out of some of that near the lows. Net net I was down 10-12% on the year, which really stung as we made ATH's into year end... + +I've decided I need a proper reset and strategy going forward. I liquidated the company stock and a third of the MLP's, leaving approx 18% in diversified MLPs, 50% SPX, and the rest cash. I'm sure I can do better with a more educated allocation process. I'm very scared of 'buying the highs' of this market rally though. VTSAX up 100% from the Mar lows, with the pandemic still raging, just feels...difficult to buy. + +I know this is probably the wrong way to think about it. How would you guys recommend allocating that 4m for a long term portfolio that will eventually let us replace the 400-500k post tax spend from wage income? Maybe its as simple as just biting the bullet with VTSAX, but I'd love to get some ideas and obviously any comments are welcome. + +&#x200B; + +Thanks v much in advance! +My spouse, our two-year-old, and I are looking to go on a 6-8 week trip. We are planning to bring a nanny with us for most of that time (she can't stay the full time). Our budget is $125k. + +Curious if anyone has any advice on travel locations in Asia in the Jan-Feb timeframe. Plus any other advice from all you fatties. :-) + +Thanks in advance. +Hi everyone. + +So for context, I am a 25 year old Civil Servant, and my take home pay is around £2k - I have a room in London which is around £725 a month so about £1,275 a month is my disposable income. + +So over the last few months I have been enjoying life a lot and spending a lot of money. Normally in my current account after paying off my credit card debts etc I like to have around £1,500 in my current account - looked today I only have £600 in my main current account. I do have about £7.5k in savings, however just for my own financial anxiety I would like a bit more in my current account. + +So I am assessing my financial situation and analysing how I got into the situation (too much travelling and socialising) so cutting back on the cause, but was there any other ways I could make a little bit of cash on the side? + +I am setting up a Starling account now to then use that to get the various bonuses from switching banks. Was there any more other ways to make some extra £££? I have looked on r/beermoneyuk but wanted to know what other ways people would suggest other than doing surveys for £1 an hour? +Made a throwaway because reasons and sorry if this is the wrong place to ask. + +When I was a teen, 13ish, some inheritance (not massive but sizeable) was placed under my Dad's control for when I grew up. I'm 28 now and just feel awkward asking for it, I know he's been investing it in shares, which he does with his own money also, and I think he likes having more money to trade with. I just don't feel like I deserve it, it was his Mums money and I didn't do anything to earn it. + +&#x200B; + +That all said, It would great to have now as I'm 99% sure I'm being made redundant and it would tide me over till I get a new job, I've also got a few loans I could pay off. +Earlier I asked about home age and got some great responses so I’ve got a follow up since you all are so resourceful. I’m planning on buying a house towards the end of the year in Birmingham, AL. It’s an up and coming city that I really think is going to thrive once things get back to normal. + +My question is regarding the recent surge in home prices since the pandemic. I know it’s been a seller’s market for several years now but this latest frenzy seems detached from reality. When investing in stocks, long-term, you aren’t as concerned about local highs and lows because with a well diversified portfolio the value will increase over time(10-30 yrs). This does not seem to necessarily be the case with real estate. Meaning lots of homes are still just now reaching/exceeding their values at the peak of 2008. + +As a seasoned real estate investor, are you still buying in this market? Is it actually possible to not have a price correction in the next five years? Is there any difference between trying to time the stock market vs the real estate market? + +I realize there’s a lot of local market variance but I’m thinking there are some general trends that would apply. +https://www.zillow.com/homedetails/0-Wohoa-Bay-Island-Addison-ME-04606/2069912627_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare +My mother owns our childhood home, where she lives by herself after my dad’s passing. + +Single family home: 2,100 sqft, 4 bed 2 bath, built in early late 1990’s. Neighborhood zip-code: 95382. The home is valued at about 530K. + +The home is just to big for 1 person to be living in. My mom wants to purchase a smaller home that she can live and retire in. + +My questions is, what should she do with the home? The only two options would be to sell or rent, what would be the benefits for her to do either-or. Tax pros & cons, etc. Are those the only two options? + +What are your guys thoughts. Thank you in advance. +Not exactly Real Estate but this seems like the crowd that would. For those who don’t know Outdoorsy is like Air Bnb but for RVs and travel trailers. + +I am strongly considering picking up a travel trailer if I can reasonably expect to break even on it while getting some personal use (4 or 5 weekends in the year) and renting the rest. + +For those who have experience with it please share your average expenses and earnings, advise for starting out and for reference what kind of equipment you own. + +Thanks! +What a strange coincidence that GameStop decides to change their investor website the day I release my DD. I tell myself that RC read my DD, felt I missed something because the redesign was in-flight so he made a call to get the changes pushed immediately. This is just a fantasy in my head and it probably is just a coincidence. Either way, I think it's extremely bullish that the company redesigned their investor portal **days** before reporting earnings. We **need** to talk about this, it's wild. + +[news.gamtestop.com](https://news.gamestop.com) + +[9/4/2011 archive](https://web.archive.org/web/20210904143324/https://news.gamestop.com/) of old website + +# GameStop sets a new tone for investors - GameStop is a single brand + +The message of "We're a family" with all of the different brands is no longer in the main page. GameStop has been re-branding and this is an official step in what is being shown to investors ***before*** earnings call. Maybe they want new potential investors to see the refresh after they crush earnings.\* Maybe they will be announcing that the GameStop rebrand is entering it's next phase.\* + +\**tit jacking speculation* + +[WE'RE A FAMILY...well we used to be but GameStop was the one that made it](https://preview.redd.it/5lrxcmd2d0m71.png?width=2048&format=png&auto=webp&s=3de91a973f13e895ef7ec4bca41d2c5ccd4f800f) + +[Much cleaner and simpler - notice there is no \\"home\\" landing page yet](https://preview.redd.it/r931x1pad0m71.png?width=2070&format=png&auto=webp&s=3100eba38a2431e1ec402579f559b18901b21f30) + +GameStop's home landing page is now a focus on investor relation calls with the financial reports. I actually think this page isn't complete yet and I expect a little more text/something to enter the page for the random page visits. This personally jacks my fantasy story that they pushed what was "needed" for me to find and RC just said *we don't need the home page complete yet, that can be right before earnings call*. I'm jacking myself a little here and I hope you all don't mind. + +They even removed the brand icons at the bottom of the page: + +[Old brand icons on news.gamestop.com](https://preview.redd.it/rc8pmyybm0m71.png?width=1996&format=png&auto=webp&s=339d9a923d744c9b6295b2e845ea5de6a217b0a2) + +# The Background Image + +There are 5 menu options at the top of the site and each page has a different image. I've seen plenty of other posts about this so I'm not going to go into details on "what" each image was. The one people probably care about most is that under "SEC Filings" is the Crash Bandicoot Photo: + +[Crash Bandicoot 4: It's About Time - https:\/\/en.wikipedia.org\/wiki\/Crash\_Bandicoot\_4:\_It&#37;27s\_About\_Time](https://preview.redd.it/etljunuzd0m71.png?width=2062&format=png&auto=webp&s=348c15c6781f7a86702f928f777b98d4e8428063) + +I also inspected the HTML elements to see if there was any nuggets that pointed to more, but there wasn't. And don't let the "Hero-Image" in the static file name, but "Hero-Image" is common dev talk for the main image on that page. Every page has the same "Hero-Image" in the image title. + +https://preview.redd.it/ngfplo6cf0m71.png?width=2408&format=png&auto=webp&s=a29ae9c1dc07c8bcf4ee50a1bd3531bea510fd0b + +# [Corporate Governance](https://news.gamestop.com/corporate-governance) + +There is a lot to unpack in this section. It lists "The Board of Directors" and "Management" with some short descriptions about each members. The page seems incomplete, Jenna Owens and Dan Reed aren't listed in the new website. This is probably another section that isn't complete yet. Another difference I noted was the Committee Charters and Corporate Governance has been trimmed back: + +https://preview.redd.it/vip5qauyg0m71.png?width=2410&format=png&auto=webp&s=35e6b099fb04119e721781f1cb0a50ccbe444207 + +https://preview.redd.it/kifn4kuzg0m71.png?width=2386&format=png&auto=webp&s=dd6e799e1c36f8e80de04c454ecf9eb9be2c3219 + +Why were those documents removed? Well they aren't in this reporting period anymore and completed at tend of December 2020. Feel free to use [archive.org](https://archive.org) to go look at those files. + +# SEC Filings + +This just looks like a nice redesign for searching through past filings. The file hosting urls look similar and the filtering criteria all looks the same. The search doesn't search individual filling documents text, so I don't think there was an upgrade to that experience. + +# Newsroom + +Much cleaner UI with a lot of the "Media Resources" stuff cut out, I don't think GameStop needs the Media contacts anymore. + +https://preview.redd.it/j1yx5rfii0m71.png?width=2406&format=png&auto=webp&s=1b28ef0cc34d95d7daafb3218c5f6a31e20a47d2 + +# [Contact Us](https://news.gamestop.com/contact-us) + +Seriously Media, you just get a number and email. Oh Stockholders have that as well! + +https://preview.redd.it/xwctrxfbj0m71.png?width=2394&format=png&auto=webp&s=6e2945a9a9062c14750a53515e0c66d4cdfab629 + +*But wait...wasn't that information there before?* + +https://preview.redd.it/evksxmolj0m71.png?width=2390&format=png&auto=webp&s=566014c6bd126de79e873eb033d8aad5aa6fde98 + +You may have missed the small detail there even with my drawn on boxes. GameStop has changed how they handle public relations and it would seem the old phone number listed for Media is now the newly listed number for stockholders. I gave it a call (817 number), GameStop Investor Relations. I gave the new number a call, no voicemail setup for it so can't tell much. It does seem that GameStop now has separated the efforts from Stockholders and Media, I'm sure both have had very large changes is demand. + +# Newsletter + +Just a signup page... + +https://preview.redd.it/0evv72umk0m71.png?width=2402&format=png&auto=webp&s=1e301b810a92ed8e7f88ce70f22e7b0f91f17622 + +GameStop actually took away some optionality here + +&#x200B; + +https://preview.redd.it/o6gvv6axk0m71.png?width=1950&format=png&auto=webp&s=4268df0bc9198e92f9e5e4c475bda07d4dbf6e8a + +# Conclusion + +GameStop's overall redesign of their [news.gamestop.com](https://news.gamestop.com) investor portal is a great first step. It looks like this is a work in progress and I'm expecting to see updates over the next couple days leading up to the earnings call. I love the simplicity and it's much easier to navigate to find what you need. The biggest news is definitely GameStop as a single brand on the page. + +**TL;DR - GameStop brand consolidation has officially happened on the investor portal** + +**TL;DA - GameStop, It's About Time** ***(it's from the crash game above)*** + +Edit 1: Another user found the GameStop svg logo icon has some strange things going on with the trademark symbol, very intriguing: [https://www.reddit.com/r/Superstonk/comments/pjf055/diving\_into\_ubaxyboos\_find\_on\_the\_gamestop/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/pjf055/diving_into_ubaxyboos_find_on_the_gamestop/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +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. +I am inexperienced in dealing with insurance companies, but this seems a bit strange to me. The other driver apologized profusely but was reluctant to give me her insurance information although I got a shot of her license. She says she would like to pay out of pocket for the damage to my car so her premium doesn't go up, and she seems sincere. I was not seriously injured but I was already in the middle of being treated for a pinched nerve in my neck, which hurts all the time. What kind of financial risk am I opening myself up to by not making an insurance claim? +Hey everyone, + +I wanted to go over how I like to perform DD on stocks I come across. This isn't financial advice, its just my personal process and style. + +It looks like you all enjoyed this post, so here's a series on **Accounting 101, focusing on how to read and analyze the 3 financial statements!** + +**Accounting 101 - Part 1: The Income Statement -** [**https://www.reddit.com/r/stocks/comments/nlhcci/accounting\_101\_part\_1\_the\_income\_statement/**](https://www.reddit.com/r/stocks/comments/nlhcci/accounting_101_part_1_the_income_statement/) + +&#x200B; + +&#x200B; + +>***I have been banned from this subreddit. Some of my posts have been taken down. I won't be able to post on here anymore, I'll have to find another place that will have me!*** + +&#x200B; + +# Profile: Is this company real? + +1. Website +2. Address, Google Maps of HQ +3. LinkedIn +4. Wikipedia +5. Social Media Accounts +6. News Articles +7. Key Executives + +# Financials: + +1. Look through the latest **income, balance sheet and cash flow statements** +2. Calculate **YoY and QoQ** **growth** for at least 10 years (or less if the company is young) for each of the 3 financial statements +3. Calculate different **valuation ratios and metrics** to see how they **stack up against their competitors** +4. Look through **Analyst** Estimates, **Investment Bank** ratings and **DCF** figures + +# Documents: + +1. Read through recent **earnings call transcripts** to get a feel for how executives communicate and how honest they have been in the past quarters. +2. **SEC Filings**: Read through proxies, prospectuses and more to get a full picture. + +# Insider Activity: + +1. Find out how many I**nsider Buys and Sales** have been made in the past 6 months. +2. Look into who these insiders are, what they're role and functions are within the company. + +# Ownership: + +1. Find out which **Mutual Funds, ETFs and Hedge Funds** own the stock, how much of it and when they last bought/sold shares. + +# Social Sentiment: + +1. Scan through **Reddit, Twitter, Facebook Groups** for ticker/company mentions to see if the conversation is bullish or bearish. Beware, this can be misleading due to spam and trolling. +2. **Google Keyword Research:** This is especially useful if the company provides a consumer product or service, I like to find out how often its mentioned and find any spikes in online searches. + +# Future: + +1. What products and services are planned for the future? +2. What are the industry/sectors innovations, needs and wants? +3. What are competitors developing and are planning on releasing? +4. What markets is the company looking to penetrate? +5. What cultural/societal shifts and trends might effect the companies roadmap? + +# Price: + +1. I look for **price dips/spikes** and then look into what was going on during that period to see **what may have effected or caused them.** + +**So, this is part of my process, some of it may suit your style, some wont. I'd love to hear your feedback and it would be great if you all can share your process!** +Expecting ~$1M cash through primary home sale, post all expenses. How would you diversify your investments given most/all assets are fairly expensive now? Would you hold a chunk in cash to jump in when there is a correction? We are in our late thirties with a 5 year old kid. Have additional net worth of a little over $1M (tax advantaged, taxable, 529 and some investment real estate). + I’m entertaining the idea of a practice retirement year. I think I can pull it off because the wife and I now have a newborn baby. I get 12 weeks of paid time off. Then I’ll apply for child bonding. That’s unpaid time off till the one year mark of my daughters birth. My wife wants to keep working once her time is up, but the idea of a practice retirement year makes so much sense to me. I think it will answer so many questions for me. What will I do with all the free time… Taking the time off to bond with my kid is an added bonus. I’m so happy to be in this situation. + Any pitfalls to this idea maybe I’m not seeing? Any pro tips? Has this avenue of a practice retirement been discusses here that allows job security after the year? Will I have to pay my work medical insurance or can I jump onto my wife’s plan until I return back to work? + I’m planing on financing it using margin. My rate on margin is about 1%, basically a 100 year loan from my future self. I don’t expect to use more than 100k, likely less. + +Edit: 40 Year old Male. NW 4.5 million in the market. Sorry for my mistake in the area of the title. +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. +Coinbuddy is a free product with no registration required and is focused on helping users easily navigate the cryptocurrency space. + +After last year's crypto boom, I made it my personal side mission to help my friends and family invest in crypto without getting scammed by potentially shady services. I also wanted to make it completely free, so you won't see an advertisement anywhere on the site or app. There's a single referral link to Coinbase, but you also get $10 if you sign up through it. + +I compiled data on the best exchanges to buy any coin based on most volume, lowest trading fees, and lowest withdrawal fees. For any coin, you can see the best wallets to keep your crypto safe and accessible. It also has easy\-to\-use iOS and Android apps to track your crypto stash and keep up\-to\-date on the crypto markets. + +I really hope you find value in using Coinbuddy because I spent every single one of my weekends from early January up until now making it. Please do let me know what else you’d like to see by emailing me at: team@coinbuddy.co + +- + +- + +https://coinbuddy.co + +- + +[iOS App](https://itunes.apple.com/us/app/coinbuddy-track-your-crypto/id1271644974?mt=8) + +- + +[Android App](https://play.google.com/store/apps/details?id=com.threecommastudio.coinbuddy&pcampaignid=MKT-Other-global-all-co-prtnr-py-PartBadge-Mar2515-1) +3 Years I devoted to the duty you charged me, + +3 Years I HODL'ed all my coins, + +And finally, when we could be together again... *I actually got 200% net profit on my initial investment :)* + +From $2200 in 2017 to $6600 in 2020... Did nothing but buying these coins and sleeping over them for 3 years, and now it's gains time. **Yay!** + +I don't know about you folks but in my Middle Eastern country marriage prices are high >!(You have to buy gold for the pride, ikr, earning Bitcoin money to buy gold with it, yikes)!<, and I think will get married soon with what I gained. + +It has been a nice ride boys, glad to be with you, to the Moon. + +**Edit:** I have received too many replies... Thank you all for the good wishes and awards. Yes I am not cashing everything out and will keep some of it for sure. + +Péter Szilágyi (karalabe.eth) +@peter_szilagyi +Mar 18 + +Complexity is an often overlooked aspect of a system because usually someone else is paying the price for it, not the person creating it. + +But don't be mistaken, someone *is* paying the price - whether money, time or mental capacity. They might not be willing/able to do forever. + +As with scalability, complexity also keeps trickling unseen up to the breaking point. At that time, it's already past the point of no return. + +Complexity also has the nasty effect of causing cascading failures. Overload people too much, lose capacity, leading to even larger load. + +In #Ethereum's history, complexity never decreased. Every EIP is piling on top. Every major change (1559, merge, sharding, verkle, stateless, L2, etc) is one more nail. + +I'm extremely frustrated when a research proposal says "everything's figured out, it's just engineering now". + +As good as it feels that we're approaching The Merge, I must emphasize that #Ethereum is not going in a clean direction. Tangentially it's achieving results, but it's also piling complexity like there's no tomorrow. + +If the protocol doesn't get slimmer, it's not going to make it. + +I feel the root cause is the disconnect between the research and the dev teams. The former has to "only" dream up elegant - standalone - ideas. + +The latter needs to juggle every single idea that was ever introduced, whilst surgically expanding the dimensionality of the space. + +There have been engineering attempts to reduce the complexity (module split in Erigon, responsibility split in The Merge). Yet there was never an attempt to reduce the protocol complexity. + +We are already past the point of anyone having a full picture of the system. This is bad. + +I can't say what the solution is, but my 2c is to stop adding features and start culling, even at the expense of breaking things. + +There are less and less people knowing and willing to piece together a broken network. And each change pushes more away. /FIN + + +LINK to the thread itself: https://nitter.net/peter_szilagyi/status/1504887154761244673#m +Some interesting figures, such as how much the average person has in their pot when they retire, and how much is contributed on average each year. + +https://www.theguardian.com/money/2019/sep/28/uk-pensions-saving-retirement +Hi, + +Had a car stolen off of my drive with the thieves stealing the spare key from inside the property. Although not investment finance, I want to outline some of the steps so far and ask for advice as it does relate to personal wealth regarding valuations. Apologies if this is too off topic. + +Called 101 to report the theft and insurers. Rang the car manufacturer to request activation of the car tracker (only the police can do this). Contacted finance company. Insurers cancel policy on the spot in matters of theft. Even if you have a courtesy car, check that it includes theft and not just for damage/repair claims. I didn't know there was a distinction and I'm without a car. No claims wasn't protected, lost 6 years against my existing 10. + +Next day rang police to check on tracker progress (they forgot), wait until end of day for them to send a GDPR consent form for me to fill to allow them to request access. 48hours pass before manufacturer confirm request and say no sign of signal. + +Get finance settlement quote and all details and give to insurer. Wait weeks for them to collect data before we can move onto valuations + +valuations: insurers use a collection of third party subscription based valuation models. They do not rely on autotrader etc. They provided a valuation > 10% lower than market value + +I emailed them a collection of comparable vehicles to show a fair value as well as a collection of base model vehicles as comparison on price. (from Autotrader) + +They offer a without prejudice settlement on the spot, otherwise you have to escalate a dispute through management. + +Their valuation tool does not include all factory fitted options on a vehicle. Note distinction vs dealer options. This is important as apparently dealer options will not "increase a car's value, but they can make it easier to sell" - Parkers. (tell me how making something easier to sell doesn't increase it's value... something has to be mispriced...) + +You need to be really specific. You can use your car VIN number to do a check (there's some free sites) that outlines all factory modules. I subscribed to parkers as a valuation tool (costs £10) and input as much as you can in there, but that also doesn't include all options. Escalated this to parkers. I was able to show though how the parker's valuation on a base model matches the asking price off of a collection of the Autotrader cars and say how even this is higher than the insurers' provisional quote. + +Insurers asked for me to provide them the VIN breakdown. Asked if they had access to proprietary systems to check their side, which they apparently don't. Seems strange. + +Moving forward, I hope to reach settlement and have been pushing that their model is deficient. It doesn't match Parker or autotrader on base, and doesn't include options. Failing that, escalation through FOS seems likely. + +For the next car, I am installing a 3rd party immobiliser. The car was not keyless, they stole the spare key, there was a security light and cameras which offered no deterrent. Do not rely on factory trackers. + +really interested to hear anyone's thoughts on what i've done, your experiences through valuations and the leg work you through and any general guidance + + +Edit\* post on facebook/next door btw if you have a similar issue. We had a load of neighbours that came forward with footage from that night of the group trying their cars, going into their gardens etc +Ticker: ABML + +Full DD on ABML: [Here](https://www.reddit.com/r/pennystocks/comments/ms2gt5/american_battery_metals_corporation_abml_responds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +ABML has filed for Up-listing to the NASDAQ as confirmed by CFO David Coursaut at the Banzinga Small Cap Conference. ABML expects to be generating profits from both its lithium recycling and extraction verticals by Q1 2022. + +Watch the full presentation below, starting at 34:00: [Here](https://m.youtube.com/watch?v=GtvROmnLpKc&feature=emb_title) + +CTO Ryan Melsert will be speaking later this afternoon 1pm EST, will update post after he speaks. + +Update: ABMLs recycling process will allow them to self-produce their own acid bases for recycling, is a closed loop, 0 combustion, 0 hazardous waste emissions, will be able to extract scrap metal from batteries, will be automated. + +Last but not least, happy earth day! +I'm posting a previous comment here because I feel like it's important for people to see, so they can understand WHY people fall into Stan's trap, and how to AVOID pump and dump regret, and even how to PROFIT off of pump and dumps (remember my GNUS posts...?). I don't care if y'all upvote or downvote. I'm not here for karma, I'm here to spread some facts + +So why do people still fall into stan the scammers trap? + +It's because: 1. So many xspa bagholders hop on this because they're in denial. DABDA. they see a glimmer of hope and they spread it around, hoping it'll get big enough so they can cut losses. + +2. So many people new to trading follow him because they just don't REALIZE he's a conman. They see his following and they assume he has to be legit. + +3. He's dumb as a rock but people are dumber. Plenty of people are dumb enough to fall for it. + +And 4. Most importantly: PEOPLE DONT DO THEIR RESEARCH. How the FUCK did it take THIS LONG for someone to debunk his bullshit? DO YOUR RESEARCH BEFORE YOU HOP ON. Unless you think you can time the p&d, in which case, good luck, you crazy bastard. + +Disclosure: I have puts in XSPA, which I bought at it's peak, because I knew it was a pump and dump. I looked up this posting, saw it was old news, I'm aware stans a pump and dump fraudster, so I bought a put, sat back, and it's already worth 1.5x. You absolutely CAN profit from pump and dumps, easily, if you just recognize it as a pump and dump. Buy the hype, sell when you hit your % gains you're happy with or when your trailing stop loss activates(don't be stupid and go "one more jump one more jump-better to lose out on an extra 20% profit than to be stuck at a 30% loss), and if you want, buy a put at or near the peak. I just happened to time my XSPA put exactly on the peak. + +Edit: Kinda amused right now. All the comments I have, and the couple PMs are supportive of this post, but we're sitting at zero upvotes. Again, it's not about karma, but I feel that Stan followers probably lurk here, as well as angry XSPA bagholders who don't want to hear the truth. + +To the downvoting bagholders (including the GNUS ones who sent me death threats LMFAO): You CANNOT live in an echo chamber with stocks. It works for politics(doesn't change what's really happening though), it works for your casual opinions, it makes you feel better, but the stock market? It doesn't care about your little group chanting "it'll go up again". Learn to look at what's going on for yourself, and not just use what others post. I absolutely do use posts on this subreddit to help me invest, but I also do A LOT of research on the side before investing, to make sure I'm aware of what I'm getting into. + +Edit 2: I'm not saying XSPA is a pump and dump. Maybe I am, I which case, that was absolutely not my intention. My intention is to say: this call by Stan was a pump and dump, absolutely. That DOES NOT MEAN xspa is a shitty scam company. It means STAN is a scammer. +I do realise nobody cares about my stupid life story, so I will try to make it as short as possible.My life is not exactly easy, I had to overcome and somehow survive lots of extremely difficult life situation including being homeless when I was barely 17 and had to run away from home (...) + +Because I had no roof over my head, I had to drop school and since my stepbrother wanted to kill me (because I reported my mother to the police when I discovered she faked my signature and withdrawn my saving I couldn't withdraw before I was 21). I moved to Hungary as it was cheaper to live there. I lived and worked there for 2 years, saved enough money and moved to the UK - to South Wales where I also managed to find a job pretty much very quickly without problems. + +After a year in the UK, I wanted to do complete my education and be able to find a qualified job and just have a normal quiet life one day, but no university would accept me except the Open University. I did two years there, managed to get very good grades even I was doing night shifts and since I never had a chance to study 'normally' I transferred credits to a brick university and this is where I got myself into troubles again. + +When I was accepted by 4 out of 5 universities I was so happy and excited, even that Cardiff wasn't one of them and I had to move. After lots of research and sleepless nights, I decided to move to Bangor as it's one of the best student-rated university in the UK. I couldn't wait to go there, but I couldn't be more wrong. + +As I lived in the UK on the 1st of Septemeber only 2 years and 50 weeks, I can't get maintenance loan like others, because it would have to be 3 years and although I expected it won't be easy to find a job here, it's basically impossible even in cities 30 miles around. + +I'm running critically out of money now, the money support couldn't care less until somebody from the SU was there with me and all I can get is a bursary for poor students in March, but I won't survive until than. I'm waking up every day from 6 am to check if somebody replied to one of my 100's job application and still nothing and I tried basically everything around. + +Although I was expecting it will be challenging but still enjoyable and fun, I end up in a huge class where I have no chance to get to know somebody (because it's the second year), out of money on no food days, unable to give it up and moved to a bigger city and left on mercy of financial how long they will be willing to wait with my rental payment. + +So... any advice? + + +**EDIT:** Wow, I really did not expect so many people will try to help and I don't even know what to say other than huge thank you to all of you, it means a lot to me. Thank you!  +I went through the comments and lots of people suggesting I should take a gap year and try it again next year or make a better choice of uni. To be honest, I thought about that but I was hoping I will be able to find something here for too long and if I will drop the uni now, they will ask me to move out from the student hall (I live at the cheapest one with shared showers) and I will have no place to go and I don't have enough money to move to bigger city because I wasn't ready to move twice.  + + +**Why didn't I wait one more year to be eligible for a maintenance loan?**  +Good question, it's because of Brexit and I have been told it will be **5 years** in the UK for EU students from next year, so I would have to wait 3 years.  +I wasn’t sure which flair to use. + +As the title says I have a trading bot which I spent a long while developing. + +There are two batches of codes which I run alongside each other. + +Batch 1 and Batch 2. + +Batch 1 uses some of the judgement of myself and calculations to gather stock. + +Batch 2 is just purely calculations which release values which say if it’s worth doing a call, or not worth doing a call. + +Past few days the top picks with NVDA, and a small cap I can post this daily if you guys are interested. + +This the data which I have acquired on Sunday (NY) 10th of January 2021, based on the close of the last business day. + +Here’s an update to my trading bot. QS looks tempting but I think I can hold off until tomorrow a better company I understand comes on sight. + +Only invest in companies you know and have a understanding of and can see they have a future, to lessen any potential losses via trading. + +&#x200B; + +**Key:** + +* Pharma companies are very risky. +* Meme/Hype stocks are very risky. +* Companies that you don't know how they work are very risky. +* Follower companies are very risky because they join the hype train (what NKLA is to TSLA). +* I have a very low amount in options (less than $500), and I have 100k+ in shares and cash. +* When doing options have a lot of collateral, so you don't hit margin call. +* Take the "Calls" as very discounted, and "Potentially A Call" as somewhat discounted. +* Old money companies are slow. While tech companies are fast-paced. +* Only invest in companies that you do know and see potential in. +* You don't have to invest every day, only when you see the potential. + +&#x200B; + +&#x200B; + +**Code Batch 1:** + +* Quantumscape Corp (QS) - Hype stock, Solid State Battery - High Risk +* AYI Acuity Brands, Inc. +* ADS Alliance Data Systems Corporation + +**Code Batch 2:** + +Call: + +* FedEx Corporation (FDX) - Has been dropping for a while. +* Lockheed Martin Corporation LMT +* FedEx Corporation FDX +* Kimberly Clark Corp KMB +* Campbell Soup Company CPB +* Conagra Brands Inc CAG +* General Mills, Inc. GIS +* Braemar Shipping Services plc BMS +* Beyond Meat Inc BYND + +Potentially a call: + +* United Parcel Service, Inc. UPS +* Air Transport Services Group Inc. ATSG +* Atlas Air Worldwide Holdings, Inc. AAWW +* Facebook, Inc. Common Stock FB +* Inovio Pharmaceuticals Inc INO +* L3Harris Technologies Inc LHX +* Northrop Grumman Corporation NOC +* United Parcel Service, Inc. UPS +* Alliant Energy Corporation LNT +* American Electric Power Company Inc AEP +* Consolidated Edison, Inc. ED +* Dominion Energy Inc D +* Entergy Corporation ETR +* WEC Energy Group Inc WEC +* Atmos Energy Corporation ATO +* NVR, Inc. NVR +* Church and Dwight Co., Inc. CHD +* Ball Corporation BLL +* CenterPoint Energy Inc CNP +* CMS Energy Corporation CMS +* DTE Energy Co DTE +* NiSource Inc. NI +* Sempra Energy SRE +* Boston Properties, Inc. BXP +* Hormel Foods Corp HRL +* Kellogg Company K +* Atmos Energy Corporation ATO +* Church and Dwight Co., Inc. CHD +* Hormel Foods Corp HRL + +Edit 1: there might be companies which you haven’t heard of, this is due to me adding the SPY 500 companies into it to increase data output. + +EDIT 2: I’m not charging anyone for this data and no you cannot buy it - I worked too hard to get it right. I’ll be giving daily updates for it. + +Edit 3: My goal is to do 400 successful trades with minimum losses before I say everything perfect. + +Edit 4: I will not be posting this hourly. It just too long to load everything up maybe in the future. + +Edit 5: Hahaha but really you guys who did the 13 upvotes have made my day! I’m happy I’m helping you guys out. + +Edit 6: Holy I made it to 50 votes, you guys are honestly the best. I didn’t even realise this would help this many people but honestly thank you. I will not fail you. + +Edit 7: No I don’t have a paid site where you can get this data. Please do not sell this data to anyone it’s free information. I know there’s discord/telegram admin of paid groups who would try and monetise it. Please do not. + +Edit 8: Over 100 people have seen this, I feel like it’s my birthday. I love you guys. I just want everyone to be well off and have money. + +Edit 9: 168 upvotes I just can’t imagine I would’ve ever got this, you guys are amazing. But please just invest in companies you know and are confident about. That’s all I ask, I’m waiting for a big tech company to be discounted enough to show up that’s where I would drop 20-40k into it. Only invest in the things you are personally confident about. I’ll be posting this everyday, stocks are a waiting game keep in mind. + +Edit 10: 200 UPVOTES WHAT THATS CRAZY!!! Thank you so much for all the awards, you guys really don’t have to, please spend that money on stocks and such. It’s very expensive. + +Edit 11: 453 upvotes I just don’t know what to say you guys are amazing I’m trying to perfect everything for you guys, but please don’t rush to do trades everyday only trades which you are confident on. Thank you WSB I will be a loyal member to the community. + +Edit 12: I just ate and came back and it’s almost at a thousand. You guys have just made my day especially the upvotes and awards which I given. You guys are the absolute best and I don’t know what I’d do without you. Please read my messages above carefully. I don’t want you guys to lose money and PLEASEEE AWARDS ARE EXPENSIVE DONT WASTE MONEY ON ME PUT IT TOWARDS STOCKS INSTEAD HAHAHA BUT HONESTLY THANK YOU GUYS. + +Edit 13: Tomorrow I’ll update the tickers to companies which have a larger market cap and doesn’t go sideways half the time. This includes removing boomer companies. As some of the companies are pretty obsolete in today’s market, to the point its likely not in view of many others and I. I’ll revolve it more around myself. I’ll remove many of the SPY500/boomer companies next update so expect the list to be shorter. With batch 2 it’ll be hard but batch 1 it can be done fairly easily. + +Edit 14: Ban for one day on WSB, can’t post will post Monday update on the other sub in my post history. /r/wallstreettrader , my bot is designed only for WSB. + +Edit 15: Tuesday post https://www.reddit.com/r/wallstreetbets/comments/kvlpjb/post_2_tuesday_i_have_a_discount_trading_bot/ +I don't know if this has been a question up for discussion or that it will vary from state to state. It's curious to see if anyone has found any research already or can point a finger in the right direction. The dumb citizen in me says gopro but the tech that I am I know it wouldn't be as easy a selection as that. +(Not to be harsh in the title but I’m going to be brutally honest in the following post, and like wise encourage you to be brutally honest with yourself) + +&#x200B; + + I’m going to give a brief overview of trading and a lot of things that encompass this endeavor. I’ll cover what works, what doesn’t, and why those things that work do. What’s bullshit, How much education, study, time, effort is required. What starting out really looks like, what to expect in your first, and second year, and anything else that comes to mind or that gets requested that I care to go in-depth on. I’ll also point you in the direction of learning material that I’ve accrued throughout the years.(This will have to be a couple threads/post) + +&#x200B; + +First things first. Know that most people in retail suck at this game. I call it a game because… well it is a game in the sense that all things are games. (Game theory, you can start reading there) Trading is akin to a professional sport. It’s 4d chess that deals with news and cycles of everything in the world. Even the weather (If you want to talk futures), world currencies, bonds, treasuries, interest rates, the list goes on and on. This game can get pretty deep. How far you want to go is up to you and will be covered later. + +&#x200B; + +Secondly. Know that the trading community is about 80/20 those that suck to those that don’t suck. Hey its a tough gig. There is a target on your back as a beginner for all kinda courses, pump n dumps and mofo’s trying to sell you a dream. There is good information out there its just a bit boring and dull and dry and it doesn’t fking jump out at you on fb or tick tock or whatever other means your gonna be targeted by. Just know they are looking for a sucker. Once you understand the market and how it functions a bit you’ll understand that there are no absolutes, no perfect system, no fancy indicator for 100 bucks a month that’s going to make you any better. + +&#x200B; + +Third. IF your still here. There is hope, it can be done… There are people who are successful in this and you can be too. BUT It is a lot of work, a lot of data, a lot of reflection. Be honest with yourself are you willing to put in the work to make this happen?? Because honestly there are easier, and less stressful ways to make money. You have to really love the game for the game itself not just infatuated with the idea of being a millionaire, billionaire or whatever your goals are. Can you be those things sure, BUT you are going to need to work hard to get into the top 10,5,1%. Its a daunting task really. I’ll go into detail about how much work it really is later. It can be complex, it can be simple, just depends on what your trying to accomplish. (In the future I’ll lay out some templates to try and stream line a process so you can study and work on a single simple system and get your feet wet faster. IDK what that looks like atm but its on my mind) + +&#x200B; + +“But where do I start?” First you must define what you want to trade. That answer should align with… + +&#x200B; + +1. Financial situation. + +How much money do you have? And what are your goals? Full time, part time. Define it. (Write it down) + +Define and assess your RISK TOLERANCE. This is very fucking important. If you have the risk tolerance of a nun you might not be fit for scalping options or futures and placing directional bets. + +&#x200B; + +2. What interest you. + +Are you interested in equities, crypto, currencies, futures. What market do you want to follow. + +&#x200B; + +3. Personality/Psychology + +This is important for what you want to trade as well as what strategy you wish to create and deploy. Example: If all your friends want to go downtown and get drunk on Saturday and you would rather hang out by the river then you might not be a go with the flow kinda person. Take inventory of your personality traits. If you are a pessimist, optimist, whatever… define it and write it tf down. You’ll be working on your personality, bias’s, tendencies, traits and doing a lot of self reflecting if you want to make it in this game. You don’t want to create a trend following strategy if your personality does not align with the whole go with the flow thing. There is a strategy that you can create that will mesh with your personality to the point you can actually EXECUTE it. + +&#x200B; + +More to come! I realized in writing this that its going to be a novel and ill write more follow up post. Feel free to leave comments on trouble your having or areas that you would like covered +I have a very small account, and I manage to trade it from 600 to 1,200 over a couple weeks. I'm trading futures so my leverage can be x1-20. My problem is that I will start with 2% risk, and do a couple trades, and when my confidence gets high I will bump up my leverage until my account fluctuates with 20-30% up and down. + +I guess the problem is that I need more capital, cause I don't have the patience to grow such a small account. So i compensate with high risk? +It’s been turning more and more heads, banks have been catching on, etfs are a thing here in Canada, there’s only going to be more of them. + +Companies and countries adding bitcoin to their balance sheets. We may be entering a recession, but for every recession is a boom. + +There’s a bitcoin halving early 2024 and that will be here quicker than you think. Everything’s discounted, and there’s a chance these next 6 months could be the lowest prices we see again. + +Take advantage. Bull markets make you money but bear markets make you rich + +Sorry for formatting, I’m on mobile and don’t really know how this works + +Edit:i apparently have to specify im no pro , speaking from the lens of my 2 years experience in the space and the history I can look back at +I have done an analysis comparing purchasing the top 3 US market cap companies every year on January 1st and holding until today vs. purchasing the same amount of SPY on January 1st and holding until today (close price on 4/24/2020.) + +To determine "top 3 market cap" I used the Q1 values in [Financial Times' Global 500 list](https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization). Since the FT Global 500 list started in 1996, that is where I begin. + +In my **Big 3 Portfolio**, I purchase $1000 worth of each that year's top 3 market capitalization companies at their Jan 1st open price. + +In my **SPY Portfolio**, I purchase $3000 a year of SPY (S&P 500 tracking index, aka "the market") at it's Jan 1st open price. + +Thus the total cash basis of 25 annual batches of $3000 is $75,000 for each portfolio. + +I found that the Big 3 Portfolio beat the SPY portfolio by about **$34,281.34, 20.75% over the value of the final SPY Portfolio value.** + +*IMPORTANT NOTES:* + +* *After pulling all the data, I realized the faulty assumption of this study is that the FT500 market cap ranking is posted on January 1st to know which 3 companies to purchase for that year. I have no idea what day it was posted, and if the years before the FT500 went to quarterly rankings were later in the year it might be showing more in hindsight instead of foresight. In hindsight, I probably should have purchased the previous year's top picks those early years and the previous Q4 picks after the survey went quarterly. May do a version 2 along those lines at some point.* +* *I do not reinvest dividends. I may include that on a version 2.0.* +* *I used fractional shares (i.e. however many shares you could have purchased with exactly $1000). That might not have been possible when this started but is possible now.* +* *This assumes no additional buying or selling. Another analysis worth doing might consider selling companies that drop out of the top 3 on the last day of the year and buying the new ones taking their place with the profits you have built up so far. This would keep you from holding companies like GE and Exxon as they decline and likely lead to bigger returns, I'd guess.* + +Here are my findings, broken down into combined annual lots of $3000 for each portfolio. + +&#x200B; + +|**Year**|**Top 3 Market Cap**|**BIG 3 $1000 x 3 Lot Value Today**|**Big 3 Lot Gain ($)**|**Big 3 Lot Gain (%)**|**SPY $3000 Lot Value Today**|**SPY Batch Gain ($)**|**SPY Batch Gain (%)**|**Big 3 - SPY Net Gain ($)**| +|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|1996|GE, KO, XOM|$5,174.90|$2,174.90|72%|$13,823.64|$10,823.64|361%|\-$8,648.74| +|1997|GE, MSFT, XOM|$18,975.80|$15,975.80|533%|$11,413.15|$8,413.15|280%|$7,562.65| +|1998|GE, MSFT, XOM|$12,473.44|$9,473.44|316%|$8,723.77|$5,723.77|191%|$3,749.67| +|1999|GE, MSFT, XOM|$6,396.14|$3,396.14|113%|$6,880.45|$3,880.45|129%|\-$484.31| +|2000|CSCO, GE, MSFT|$3,875.26|$875.26|29%|$5,726.21|$2,726.21|91%|\-$1,850.94| +|2001|GE, MSFT, XOM|$9,060.78|$6,060.78|202%|$6,431.14|$3,431.14|114%|$2,629.64| +|2002|GE, MSFT, XOM|$6,511.29|$3,511.29|117%|$7,374.77|$4,374.77|146%|\-$863.48| +|2003|GE, MSFT, XOM|$8,188.52|$5,188.52|173%|$9,554.42|$6,554.42|218%|\-$1,365.90| +|2004|GE, MSFT, XOM|$7,604.92|$4,604.92|153%|$7,597.19|$4,597.19|153%|$7.73| +|2005|GE, MSFT, XOM|$7,547.51|$4,547.51|152%|$6,983.46|$3,983.46|133%|$564.05| +|2006|GE, MSFT, XOM|$7,610.09|$4,610.09|154%|$6,780.97|$3,780.97|126%|$829.11| +|2007|GE, MSFT, XOM|$6,583.31|$3,583.31|119%|$5,967.73|$2,967.73|99%|$615.57| +|2008|GE, MSFT, XOM|$5,517.03|$2,517.03|84%|$5,793.42|$2,793.42|93%|\-$276.39| +|2009|MSFT, WMT, XOM|$11,796.00|$8,796.00|293%|$9,386.44|$6,386.44|213%|$2,409.56| +|2010|AAPL, MSFT, XOM|$15,617.62|$12,617.62|421%|$7,554.60|$4,554.60|152%|$8,063.02| +|2011|AAPL, CVX, XOM|$7,625.22|$4,625.22|154%|$6,699.63|$3,699.63|123%|$925.59| +|2012|AAPL, MSFT, XOM|$11,920.97|$8,920.97|297%|$6,644.57|$3,644.57|121%|$5,276.41| +|2013|AAPL, BRK-B, XOM|$6,117.07|$3,117.07|104%|$5,850.11|$2,850.11|95%|$266.96| +|2014|AAPL, MSFT, XOM|$8,672.80|$5,672.80|189%|$4,614.14|$1,614.14|54%|$4,058.66| +|2015|AAPL, BRK-B, XOM|$4,245.55|$1,245.55|42%|$4,113.33|$1,113.33|37%|$132.21| +|2016|AAPL, GOOGL, MSFT|$7,645.98|$4,645.98|155%|$4,234.18|$1,234.18|41%|$3,411.80| +|2017|AAPL, GOOGL, MSFT|$6,818.03|$3,818.03|127%|$3,772.26|$772.26|26%|$3,045.76| +|2018|AAPL, GOOGL, MSFT|$4,901.87|$1,901.87|63%|$3,169.47|$169.47|6%|$1,732.41| +|2019|AAPL, AMZN, MSFT|$5,225.28|$2,225.28|74%|$3,451.13|$451.13|15%|$1,774.14| +|2020|AAPL, AMZN, MSFT|$3,339.98|$339.98|11%|$2,623.82|\-$376.18|\-13%|$716.16| +|||||||||| +||**COST BASIS ($3000 x 25 years)**|**BIG 3 TOTAL VALUE TODAY (4/24/2020)**|**BIG 3 NET GAIN ($)**|**BIG 3 NET GAIN (%)**|**SPY TOTAL VALUE TODAY (4/24/2020)**|**SPY NET GAIN ($)**|**SPY NET GAIN (%)**|**BIG 3 - SPY NET GAIN**| +|**TOTALS**|**$75,000**|**$199,445.35**|**$124,445.35**|**166%**|**$165,164.01**|**$90,164.01**|**120%**|**+$34,281.34**| + +&#x200B; + +The annual Big 3 lot beat the annual SPY lot long-term 19 out of 25 years. This is very heavily indebted to Microsoft offsetting many years of Exxon and GE being top 3 companies which are now in major decline. On the individual stock side, it wasn't nearly as lopsided: 38 of 75 batches beat $1000 worth of SPY purchased on the same day, 37 did not. As we slip into the past decade, that number drops drastically, with 25 batches outperforming the market and 8 underperforming it. + +Microsoft (21 years), Apple (11 years) Amazon (2 years) and Google (3 years) beat the matching SPY lot every single year it made the list. + +Exxon (19 years), GE (13 years), Cisco (1 year), Chevron (1 year), Wal-mart (1 year) and Coca-Cola (1 year) lost to the SPY lot every single year they made the list. + +Berkshire split, with one year beating the market and one year losing to it. + +I have the individual stocks/annual lots broken down on a Google Spreadsheet [here](https://docs.google.com/spreadsheets/d/1Dev1SaLhTjS7q_uuhdTwzTifi7ko24QdRCxx4jze7Ps/edit?usp=sharing). +I have oil stocks that i bought for dirt cheap at their lowest when oil went to negative 36 a barrell. + +They have had a good run and pay a good dividend, my question is should i keep them and continue recieveing the nice dividends i locked in, or sell and reposition my portfolio that is mainly in index funds at the moment other than the Oils. They are down from 52 week highs and i am trying to figure out it the timing for this is late, early, or if judgement is still out. + +Thanks +Snapchat's last round of funding, in May 2015, reportedly valued the company at $16 billion. + +The new funding is technically part of that same round, according to The WSJ, as Snapchat had set aside some additional shares at the time that it could sell in the future. + +But the fact that Snapchat wasn't able to get a higher valuation for the company with the sale of these shares is likely to fan worries that the once red-hot period of growth for internet companies is coming to an end. +http://www.wsj.com/articles/snapchat-raises-175-million-from-fidelity-at-flat-valuation-1457053070?mod=WSJ_TechWSJD_NeedToKnow +By Ryan Dezember + +Aug 19, 2022 at 4:25 pm ET + +&#x200B; + +Occidental Petroleum owns a power plant in Taft, La., that feeds an OXY chemical plant next door. Leftover power is sold on the local grid, which Berkshire Hathaway Energy plants also feed. + +&#x200B; + +The Federal Energy Regulatory Commission ruled that since OXY's plant accounts for just 0.48% of the capacity connected to the region's grid, a combination with Berkshire "will not have an adverse effect on competition" in the local electricity market. + +&#x200B; + +Warren Buffett's Berkshire had to ask, though, before beefing up its 20% stake to as much as half of OXY's shares. Now the market has gotten a rare glimpse of what the famous investor has up his sleeve. +Hi, + +The last few days, this forum was dominated by "long-term" mindset and that things are close to bottoming. + +First: It is impossible to properly time the market. Good diversification (countries and asset classes) can take out the tail events. The market might go down 50% or it might go up 50% the next two years. It is impossible to know tho. + +Second: With inflation and world events, there are a lot of things to worry. A 13% dip in the S&P500 is just a correction. Things can get a lot worse. There was an upvoted post, saying that the sentiment on AAII was at the bottom of 2009. What they are not telling you, is have you invest at a similar level in 2008, you would have lost 43%. It can get a lot worse + +For the last two decades, the world had loose monetary policies and increased globalisation. It seems that some of that is reversing. + +The valuation and price of what you pay in the end determines your return. It was ok to buy anything and it would go up, but it looks like valuations are starting to come back to more reasonable levels (30 PE should be reserved for the highest growing companies). +I found the monthly updates by another user in the /r/leanfire sub a useful read, so I thought I would add my twist and provide quarterly spending updates on my retired life overseas. This first post one is a long one, as I tee up the background to put the updates in context. Future updates will be much shorter. + +I hope these updates can + +1. Provide real-world examples of what retirement costs overseas. When I see Cost of Living estimates in other articles, I feel their examples lack the detail that shows me *value*. Yes, rent is $800 a month, but I don't get to see what that house looks like. Is it an isolated shack in the countryside or a posh home in the heart of the city? If meals are only $5 per person, but I don't have any idea of the size of the portions or quality of the restaurants, how do I know if I can use that $5 estimate for my own budget? +2. Put some context around what LCOL means in various countries. People tend to group developing countries as a singular homogenous example, but S. America, Eastern Europe, and SE Asia are all very dissimilar. Your Quality of Life can vary drastically in the different countries within these regions. These updates will illustrate some of the social life and lifestyle differences between countries. +3. Reveal any unexpected costs that you did not consider in your retirement budget assumptions. Selfishly, these updates will help ME get back in the habit of tracking my spending. It’s odd after years of meticulous tracking and laser focus on my expenses, income, and net worth, I’ve been blissfully ignorant after FIRE. With a lifestyle change due to a new girlfriend, I feel the tempting pull of lifestyle creep. By keeping track of every Peso, Dinar, Euro, and Dollar for these reports, I'll have a better system to rein in any extraneous spending. +4. Dispel some of the misconceptions that LCOL FIRE overseas means living in a shack in the countryside of a developing country, eating shit local food, isolated and alone with no friends, while living with an infected leg, because healthcare is either too expensive or is only a few steps removed from seeing a witch doctor. + +Quick background on me for context: Graduated a state university at 27 years old. Worked for 16 years, including 3 years, where my only income was as a small business owner (a financially devastating failure), averaging $20,000 a year. Average income over all 16 working years \~$68,500. Saved aggressively to recover from the failed business to FIRE at 41. Currently, 46 and have been traveling full time for the last 5+ years. + +**Spending Update July to September 2019** + +**Homebase:** Sofia, Bulgaria + +**Other Countries Traveled:** Austria (Vienna), Czechia (Prague), Serbia (Belgrade), Bulgaria (Plovdiv and Rila) + +&#x200B; + +|**Spending Summary**|**3 Month Totals**|**Average per Month**| +|:-|:-|:-| +|Food|$1,327|$442| +|Housing|$814|$271| +|Fitness|$350|$117| +|International Flights|$319|$106| +|Shopping|$307|$102| +|Entertainment|$122|$41| +|Local Transportation|$121|$40| +|Healthcare|$105|$35| +|Utilities|$23|$8| +|**Total Spending**|**$3,487**|**$1,162**| +||**Average Per Day**|**$38**| + +The figures above EXCLUDE any expenses incurred by my girlfriend. We split Housing 50/50 and Food 60/40 (I’m the fat ass). I do not include her portion of the rent and in the numbers above, just my portion. + +**The Top 4 Biggest Expenses For July to September** + +**Food $442 per month-** my most significant expense (38% of spending) involves me stuffing my face. Honestly, I know I spend too much here, but eating brings joy to my life. I also have peculiar eating habits that drive up my spending. I eat a protein-heavy carnivore diet. I eat roughly 160 grams of protein a day, think roughly FIVE 4 oz (114 g) steaks a day. I also exclude most refined carbohydrates (bread, rice, and pasta). Regrettably, refined carbs are the cheapest way to fill up an empty stomach. + +[$8 Huge Tomahawk Ribeye Steaks](https://imgur.com/wiXLFUW) + +I cook 75% of my meals at home to save some money, but I do splurge on some “luxury” groceries such as truffles and imported spices. Bulgarian fresh produce is cheap. Watermelons during the summer are .20 cents a pound. Fresh yogurt is .70 cents per 16 oz/ 500 ml. + +I usually eat 1 meal per day in a local casual/fast food joint. For me, this means a trip to the local BBQ grill for sausage and chicken filets. An example is this 2.2 lbs/1 kg box of 10 beef kebapches (Bulgarian sausages) for \~$7. This box with some cheap sides feeds me for 2 meals. + +[Kebapche (Bulgaria Sausage)](https://imgur.com/KMeoqTr) + +Roughly once per week, my girlfriend and I treat ourselves to a nice sit-down dinner. These dinners range from $20 to $30 per person, including appetizers, a main, and dessert. These treats include splurging for dry-aged tomahawk steaks, platters of fresh sushi, and bottles of local wine. An example is this $18 veal filet dinner with roasted peppers, potato puree, and topped with truffle butter. + +[Veal with potatoes and truffle butter](https://imgur.com/LncCd56) + +**Housing $271 per month-** this is a volatile expense for us because it depends heavily on the market. My girlfriend and I try to keep our combined rent and utilities to be roughly $200 per person/$400 combined. In many places (Bali and Medellin as examples), this will get us fancy apartments or villas in desirable neighborhoods with amenities like a pool and weekly maid service. In Sofia, the market mostly catered to long term rentals > 12 months. Each place we looked at in our price range and desired location charged a premium for month-to-month renters like myself. In the end, we spent $350 for a shared 2 bedroom, 1 bath Airbnb with a balcony in a trendy central location. + +[$350 Apartment in Sofia](https://imgur.com/te95023) + +**Fitness $117 per month-** I use Fitness as a key component of my social life. When people usually bring up difficulties living overseas, one of the primary reasons is isolation and lack of friends. The money spent here is for classes and gym memberships, which make up the bulk of my social life. My girlfriend and I went to weekly AcroYoga jams, Capoeira classes, and belonged to a Calisthenics gym. + +I highly recommend people moving overseas to use activities to build up their local social circle quickly. These activities could be Fitness or less active groups like board game meetups, improv classes, language exchanges, or hiking groups. The more you integrate and build your social circle, the easier it is to make the country you are living at feel like home. + +[AcroYoga Friends](https://imgur.com/ZLJiVts) + +**Shopping $102 per month-** Even staying at an Airbnb, every time we move, we spend money on household items. This quarter, we bought a blender for smoothies, a wireless extender to boost WiFi to our bedroom, and some cheap frying pans. Small electronic purchases are categorized here as well; the most expensive item this quarter was a water flosser because the Bulgarian dentist yelled at me for being too lazy to floss normally. + +**International Flights $106 per month-** Airfare between countries in Europe is shockingly cheap, even compared to domestic flights in the US. My flights booked and paid over the last three months: + +Vienna, Austria to Varna, Bulgaria = $20.00 + +Varna, Bulgaria to Larnaca, Cyprus = $30.00 + +Larnaca, Cyprus to Skopje, Macedonia= $19.00 (Dec trip) + +Skopje, Macedonia to Rome, Italy = $20.00 (Dec trip) + +Rome, Italy to Las Vegas, Nevada $230.00 (Dec trip) + +These are not even the cheapest flights. My girlfriend took a flight from Austria to Cyprus for less than $10 one-way last month. An Uber to the airport costs more than the actual plane ticket. + +**Healthcare costs and Insurance $35 per month-** This is not one of my top expenses this quarter, but I wanted to cover it. You only see my dental insurance premiums in these numbers, which is $18 per month. You do not see my US health insurance nor my International health insurance premiums, which I pay lump sum at the beginning of the year. + +My only medical expenses in the last three months are dental cleanings in Bulgaria for $33 vs. $200 in the US. However, as a rule, I can get all routine checkups and medical tests done cheaper overseas. Some previous examples: a DEXA and bone density scan in Colombia costs $25 vs. $150 - $250 in the US. My emergency room visit for ten stitches and drugs in Thailand was less than $12. My knee MRI in the Philippines cost me $200 vs. $1500 - $2000 in the US. + +Less than $40 a day is what it costs me to FIRE in Europe right now. About $1200 a month or $14400 a year. At this spending level, even if the doomsday forecasts from the news comes true, I don’t have to panic. If there is an extended downturn, I still have expenses I can cut or levers I can pull to make it through a recession. Even if the market crashes, I can still make this lifestyle work. + +P.S. What other types of information would you find useful in these updates? +Haven't heard about this for a while. Was described here: [https://www.macrobusiness.com.au/2019/03/ubs-westpac-warning-alarming-for-interest-only-reset/](https://www.macrobusiness.com.au/2019/03/ubs-westpac-warning-alarming-for-interest-only-reset/) + + +I'd assume with negative equity, tighter underwriting loan standards banks wouldn't be willing to refinance, so is this still on or what? +I read yesterday in yahoo finance that netflix is planning to offer a free membership plan but with advertisements, those who dont want advertisements still have the option to pay for an ad free account. Do you guys think this will make netflix more bullish? + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Even liquid funds which are generally consistent are showing signs of flattening of late. + +Is there any particular development I’m not aware of? + +https://i.imgur.com/1KOZeu0.jpg + +https://i.imgur.com/nQxdCnF.jpg +Asking in the context of does it make sense to invest in active large cap MFs with huge expense ratios OR instead invest in say Nifty ETFs or passive index fund ? +I'm a Venezuelan living here. AMA even if it looks dumb, you can also check my post history. + +Government gave some money bonus (free bonus) around 10 USD. Public services like electricity, gasoline and tap water are owned by the government and are free, service is really bad with blackouts daily. + +Biggest bank note is 50,000 Bs. which is less than 2 USD. You need to use debit and credit, bank transfer, cryptos and USD to pay anything. + +This after 5 zeroes were shaved from the currency less than a year ago and 3 zeroes more 12 years ago. So it would be 5,000,000,000,000 Bs. + +MONTHLY minimum wage IS 40.000 Bs. , which is LESS than 2 USD per MONTH. Official rate (Venezuelan Central Bank http://bcv.org.ve/ ) is 19.715 Bs. per each USD. So 40.000 / 19.715 is 2 USD. + +Sources: + +https://coin.dance/volume/localbitcoins/VES/BTC + +https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/ + +About the minimum wage + +https://www.venezuelanews.net/news/260700087/the-president-of-venezuela-raises-the-minimum-wage + +AMA! +Hear me out, I'm sure he will be wiping his tears with his millions of dollars about this, but... + + +If you watch his videos you can tell that he genuinely loves investing, researching stocks to find deep value, and putting his bull thesis together. While profit is amazing and it is awesome to be correct, many of us that have been doing this for a while do it to chase that dragon. If we get a play right, we just go on to find our next play and the cycle repeats. We love researching companies to find that diamond in the rough company that is way undervalued. + + +Now that so much focus and international spotlight is on DFV, I would imagine that he will be very hesitant to share his new finds for fear that if he posts something on here pointing out a new possible play that people will just flock to that stock with any DYOR. Just the fact that he has been quiet last week (outside of his daily position screenshots), tells me that he is being very careful about what he shares. +This token is on fire, don’t miss out on this nextmoonshot. Literally just launched with $3K market cap and 60 holders and now it has 400+ holders and rising fast every time I refresh. Fair launch, contract verified, ownership renounced and liquidity burned. Your funds are safe here. Get in on this 100x before hype FOMOs in! + +&#x200B; + +🌕JOIN DISCORD: [https://discord.gg/jsFm2VHn](https://discord.gg/jsFm2VHn) + +&#x200B; + +🌕PIGGY is a BSC Token designed to pump hard + +&#x200B; + +🌕 WHY SHOULD YOU BUY $PIGGY: + +&#x200B; + +· Community owned, fair, safe, and secure. + +&#x200B; + +· Strong community that is shilling hard already + +&#x200B; + +· Liquidity burned + +&#x200B; + +· 100% rug-proof and confirmed contract + +&#x200B; + +\- NO DEV Token - 100% fair launch + +&#x200B; + +🌕 TOKENOMICS + +&#x200B; + +· Total supply: 1,000,000,000,000,000 + +&#x200B; + +· 5% fee auto add to the liquidity pool to be locked forever when selling + +&#x200B; + +· 10% fee auto distribute to all holders + +&#x200B; + +· 239,280,000,000,000 tokens burnt on start + +&#x200B; + +🌕 INSIGHTS + +&#x200B; + +· Literally just launched + +&#x200B; + +· Has a kickass website + +&#x200B; + +· Paid marketing is starting soon + +&#x200B; + +How do I buy? + +&#x200B; + +The token is on PancakeSwap but make sure your slippage is at least 16% + +&#x200B; + +Links ↓ + +&#x200B; + +Website: + +&#x200B; + +[https://piggybanktoken.com/](https://piggybanktoken.com/) + +&#x200B; + +Contract: + +[https://bscscan.com/address/0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71](https://bscscan.com/address/0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71) + +&#x200B; + +📌 Buy on PancakeSwap (use V2): + +&#x200B; + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71) + +&#x200B; + +📈 Chart: + +&#x200B; + +[https://charts.bogged.finance/?token=0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71](https://charts.bogged.finance/?token=0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71) + +&#x200B; + +🎯 Discord: + +&#x200B; + +[https://discord.gg/jsFm2VHn](https://discord.gg/jsFm2VHn) + +&#x200B; + +Ownership Renounced + +&#x200B; + +[https://bscscan.com/token/0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71?a=0x000000000000000000000000000000000000dead](https://bscscan.com/token/0xCd2eCd5e06b1a330789B30e8AdA3D11c51503a71?a=0x000000000000000000000000000000000000dead) + +&#x200B; + +Rugscreen Safe + +&#x200B; + +[https://www.rugscreen.com/Scan/Index](https://www.rugscreen.com/Scan/Index) + +&#x200B; + +The community of this project seems strong together and ready to make this project go to the mars! Get in before it's too late guys!🚀🌕 +OVERVIEW: + +SquidGrow is a uniquely aggressive project that has started taking over the space in its short span of 2 weeks since release. +Due to our owner being a Day 1 SHIBA INU Holder and one of the biggest crypto whales, we have had the ability to streamline the growth process: +~Raise a liquidity that is currently at 360K$ +~Reach 4.2 million marketcap ATH +~Get to agreement with 2 major exchanges and listed on them. +~Hire a professional marketing firm NEO PR for further expansion. They were responsible for BabyDoge and SafeMoons meteoric rise. + +UTILITY: + +SquidGrow is a utility project offering generous returns to LP providers and stakers. +~438% APY LP Staking Unleashed !! +~212% Std Staking + +Moreover we also offer a Lottery system where winners win lump sums of Squid!!! + +UTILITIES IN DEVELOPMENT: + +~P2E Game with an intricate playable interface +~Squid NFTs and a marketplace to trade these + +TOKENOMICS: + +Total Supply: 1 000 000 000 000 000 +Initial Marketcap: 30K +Current Liquidity: 360K +Current holders: 5300 +Tax: All tax goes into Liquidity pool. +Buy Tax 10% Sell Tax 12% + +MAJOR EXCHANGE LISTINGS: + +As of July 9th SquidGrow will be available to trade on BKEX and soon after a second announcement will provide information about the second listing. + +This will go hand in hand with listing on Coinmarketcap and Coingecko which will give the project even more exposure. + +FINAL NOTE: + +Achieving all this within 2 weeks is a spectacular thing, especially in a bear market. The team and Shibtoshi have a lot of experience and started this project very well prepared for this massive expansion. +They, in combination with a community of die hard believers have hepled spread the word and reach our current ATH and huge LP volume. +There is a lot more to come for SquidGrow, the community hints to this within the weekly AMAs were both our team and Shibtoshi explain our next moves and what to expect. + +The future is bright for Squidholders. +We are growing in a market of harsh blairing red conditions yet nothing is stopping Squid from Growing as it wishes. +The rise of Squid is Inevitable, join the expansion. + + +Currently available on pancakeswap + +https://pancakeswap.finance//swap?outputCurrency=0x88479186BAC914E4313389a64881F5ed0153C765 + +Contract Address: +0x88479186BAC914E4313389a64881F5ed0153C765 + + + +SOCIAL MEDIA: +Join for regular competitions and giveaways! + +Website - https://squidgrow.wtf + +Reddit- r/SquidGrow + +Telegram - https://t.me/SquidGrowPortal + +Chinese Telegram - https://t.me/squidgrowcn + +Twitter - https://twitter.com/squid_grow +This shows that his actually selling of the stock had little impact on the "open" market and it was in fact retails purchasing and holding is what made the stock move into higher-positive returns. + +We now have a better understanding of the effects of RC's sale of BBBY. His initial funds have been returned, he has "control/say" on the board, BBBY should be flush with cash & institutions who doubled down are holding a bag... for now. + +I say for now, because, BBBY have yet to make an announcement and it's estimated they will report their earnings between Sept 29, 2022 and Oct 03, 2022 (the company has not announced a date yet and the estimate is based on historical earnings dates - so it could be sooner?(speculation)). + +I know many have felt that this was a towel(rug) pull from RC and even MSM is agreeing with you on this... But since when have you trusted MSM??? And let's not forget all the epic-ness that is yet to unfold from the dept of GME/NFT marketplace. + +This is not a towel pull, this in of its self is proof that retail hold the cards and this puppy can still squeeze, if retail let's it. Short Interest is still mega and if BBBY is flush with cash, they how is this not a awesome thing? + +I know MSM wants me to be sad and sell my 40 shares, but you know what, I haven't trusted MSM since they tried to tell retail that removing the buy button was a good thing. + +I write this in the early hours on cool sunny Friday here in Ireland, waiting as my German regards awake to march upon the mayo-lovin enemy. + + +Hans here I standz with Jacked tits mein Fritz. + + +I'm holding, fuck it! + + +This is not the end of this Saga, it's only the beginning. +Across the many invest/stock subs there is a lot of meme stock posting going around. I am not against this by itself, as there is money to be made, but be smart, especially those who are new to this. + +We have all been there, bought a stock at $10 it goes up to $20 and you're like, it will never fall, then it goes to $15 and you say, when it is back to $20, then I'll sell. You end up selling at $7 for a loss. + +When stocks have these crazy runs, just 'stop-loss limit sell orders. For example, I'm currently in $CLOV, bought in at $11.65. It's currently trading at $16.10 at the time of post. I have a 'stop-loss limit' order at $15. Meaning, if the stock drops to that level, it sells automatically. + +Of course, it could drop to that level, I sell, and then it rockets to $25, but ignore those. This will guarantee I can ONLY make a profit. I HIGHLY recommend you use these automatic sell triggers to prevent yourself from believing STONKS can ONLY go up. Guarantee you make a profit and while you may be sad when you sell a little early, you will love it when you don't take a loss which I guarantee most of these meme stocks will turn out to be in the long run. + +tl:dr Use stop-loss limit orders to not get screwed over when the bubble burst. Enjoy the ride and I hope you all become super-rich one day (if you're not there already)! +I'm puzzled. + +In my opinion, this currency doesn't have any value... Can someone please explain how it is justifiably worth 5 billion dollars? + +Currencies like BTG concern me, it's worrying that something seemingly so useless and scammy can be valued at $5 Billion dollars... + +Why are people buying it? + +I'm sure there are many of people with the same opinion as me, I'm hoping to hear some reasoning behind why BTG will ever be worth remotely what it is currently valued at. +For those new comers who dont understand what is going on with Gamestop. As you can see there are 69.75M outstanding shares of which 46.89M shares are float (meaning they are available on the market to trade, other shares are held by the GME corp, CEO etc). The Shares (short) as of Jan 14 2021 shows 61.78M shares short. Meaning when there are only 46.89M shares available on the market, the shorted shares are more than the available ones. They need your shares to get out of their short positions. They have shorted more shares then the number of shares which exist. If you people HOLD or BUY more shares, the higher the value goes once the squeeze happens (When their short contracts expire, they would have to buy. If there are no shares to buy, the price goes to the Moon and beyond because of simple demand and supply. + +&#x200B; + +&#x200B; + +Today was a ladder attack which showed very low volume when the stock was halted. It was there to scare off investors. Everyone should keep their shares held to themselves and buy more at any given price. May Gamestop be the most valuable company for a while on the squeeze just like Volkswagen did back in 2008. + +&#x200B; + +P.S ignore people who are buying BB, AMC, NOK because they think there may be a squeeze with those companies too or think they are too late to jump into GME squeeze. Remember, the squeeze will happen eventually. Volkswagen squeeze took almost 2 years, but GME will be wayyyy quicker because of the spread of the news and the sheer amount of people jumping in. + +&#x200B; + +TLDR: Buy GME in any way or HOLD it if you cant buy more. + +&#x200B; + +P.S: This is not financial advice. I LIKE THE STOCK THATS WHY I AM BUYING IT. + +https://preview.redd.it/5b8noilek4e61.png?width=809&format=png&auto=webp&s=a44d3e37ff6e067db0986d5eea1bfc1b83ad4321 +So this post isn't for myself, its actually for my girlfriend and hopefully this is the correct place to post this. Basically what's happening is she works for an insurance company and the payroll department claims that they paid her for days that they shouldn't have so they're going to dock her checks. But opposed to taking out partial amounts they plan on taking full amounts to the sum of $2000 which equates to two pay periods. The payroll folks aren't responding to emails and I've never heard of a situation like this before. Any help would be appreciated on how to handle this and even if this is legal to begin with. +My poor Dad finally lost his battle with alcoholism a few days ago. He was only 48. I’m struggling, but I have to deal with his personal matters and estate so I need advice from y’all. I’ve seen similar posts on here but I’m struggling to find them. Apologies if this isnt the right sub. + +I want to preface with the fact that I am NOT good with large sums of money, or money in general. I’ve been in poverty for the last 10 years so anything I get I typically spend to make it through and occasionally treat myself. I’m finishing my last semester of grad school now so money won’t be as tight starting January of next year… + +Now, I am almost 100% certain I am his beneficiary for his pension and life insurance policy through the operators 101 union. Benefits office can’t tell anyone and the beneficiary will find out via a letter… whenever? Idk. I’m pissed. Such an antiquated system. + +Anyways, I see my father has about 87k in his pension. It’s vested. I’ve been trying to understand how these pensions work and how much I can anticipate to receive. More than likely it will be 100% lump sum but idk how much that would be. I plan on splitting the amount with my younger brother. Dad has a life insurance policy but I figured all that will go to laying him to rest. I have no idea how much it will be. + +Now, my question for y’all is… what do I do with this money from the pension? I need savings, as I have none. Do I need to hire someone to help me? I’m so overwhelmed with the responsibility and I’m scared of doing the wrong thing with this money. + +Edit: Grammar and typos + +Edit 2: wow, thank you everyone for the response. I’m slowly going through and responding to everyone. I didn’t anticipate this much help. I’m feeling grateful for every response. + +Also, I am a woman. Not that it matters but there is a lot of assumption that I am a man. My father did not have really anything in probate assets.. he has two vehicles that aren’t worth jack. One of which I think he still has my mothers name on the title even though they divorced in ‘97. Does not own any property and never has. No other investment accounts or random money floating around. So I’m still not sure if it’s worth getting a lawyer. I kind of want to do it to cover my behind. +Isn't that bad news for the company? I would imagine the stocks would drop instead of spike upwards. According to google, $VOW3 is up almost 5% today + +EDIT: the VW compliance executive got arrested, not the VW CEO +I'm an amateur investor about 2 years into investing and learning and reading as much as I can. So far I've read A Walk Down Wallstreet and a couple other similar books that have convinced me that, outside of changing careers and committing my life to understanding investment finance, the best I can do is a broad market index fund. I'm ***not*** a day trader -- I am a buy-and-hold for decades type, probably best described as a Boglehead in my strategy, and I'm content with that ... mostly. + +I often read people commenting "X is undervalued" or "Y is overvalued" and this drives their decision making in picking stocks. From what I've researched, learning how to properly value a company and the value its stock ought to have is complex; furthermore, everything I've read so far has suggested that if there were a way to "beat the market" with some understanding of market evaluations, everyone would have already done it and it should be priced in. Even if you can correctly identify a stock that is worth more than its market price, a thousand unrelated and unpredictable variables could make that valuation effectively meaningless and non-actionable. + +So I'm left conflicted: obviously, big investment firms make billions and they're not all just index funds - decisions are being made on large scales that are extremely profitable, but I intuit that these are not the same strategies or decisions that scale down to individual investors, and yet individual investors continue to make these comments on "valuation". + +Is it really possible for an individual to know enough to actually identify undervalued stocks, and does that consistently work for anyone? Is there any book I could read that would be educational in learning how to evaluate companies/stocks for the individual investor? +Since the stock market is going to blow up and my 401k will be worthless, pulling 20k out Monday and buying as much gme as possible. This will put me in triple digits. Yolo +The censorship is really surprising https://www.reddit.com/r/Bitcoin/comments/3rtrdu/utheymos_threatening_to_ban_the_biggest_business/ + +I think Roger Ver would be a much better mod for the main sub-reddit. If we can change the subscriber numbers, then things will move over. + +I've unsubscribed from /r/bitcoin (currently 175,599 subscribers) and subscribed to /r/btc (currently 2,077 subscribers). +I'm realy confused, everyone is saying crypto is the new thing, it will change our lives forever, its just in the beginning and there are a lot of plans for the future. + +People who are in it for the tech are angry at people who are in it for the money... but what else is there? Bitcoin has been out for 10years and I have seen nothing exept dolar signs when someone mentiones it. What can crypto do except "SmArT cOnTrActS" everyone talks about wich I have no clue what they do because noone has given me a real answer + +I am invested in crypto, and I am only here for the money untill this ship sinks. With the rise of new scam coins every day and rugpulls I realy dont see any real use for crypto, I mean who uses Bitcoin or Etherium for anything practical? Do these people exist? Who makes changes and leads a project in any direction? What can a normal person do with it except sell it?how can businesses make use of it? + +But I'm mostly confused by the "anonimity" aspect of it, it has none, any bank is more anonymous than any crypto ever, at least they dont let scammers know my balance information with a simple search + +And every day I hear about crypto programmers, whole college classes devoted to crypto and how to make use of it, is anyone here a crypto programer, wtf do you do and how do you make money when not scamming people with your "Elon coins" or "NFT pictures"? There are a million different coins all doing something different but in the end they do absoulutely nothing, nor will they ever have a purpose except having a price. Look at Bitcoin, wtf is its use except to transfer money with a huge transfer charge... ohh you might say its faster and more secure, but it is neither faster nor more secure, it takes one typo in the adress that looks like this "35bSzXvRKLpHsHMrzb82f617cV4Srnt7hS" to lose everything! + +I want someone who actualy works in this field to give an answer, not a random guy who invested 100$ and claims to know it all +More people buying from GameStop = positive earnings = positive quarter. + +The more positive quarters it has, the sooner it will make it to the S&P 500. + +There is literally no way GameStop could be considered a "meme stock" sitting at the table with the big boys of the S&P 500. + +This aside, positive earnings can only lead to good things for the company. + +I don't know about you but I am going out to buy stuff from my favorite company today! + + +🎮 Power to the Players 🎮 +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 . +Hey guys need a little advice + +Long story short my mums brother is asking her to become a director in his company. He is doing this as he has been bankrupt in the past and his business is going to be earning over $350k this yearwhich will have implications on his tax return. She has said no as we realise she will become liable for any debts this company currently has. He has mentioned that there is no paperwork involved which makes us think that he is going to forge her signature and get her added on anyways + +Is there anyway of checking if he has already done this? All seems a bit shady and not really sure where to go from here. + +Thanks +I know nothing about investing, but I want to be wise about where I put this unexpected windfall. Can I double this by next week? I figure I can have at least a $100,000 by the end of spring with some good placement, I just need your help to tell me where to put it. +[Original thread](https://np.reddit.com/r/btc/comments/7oy07j/is_cexio_insolvent_my_experience/) + +So since my last post, cex.io has [promised to give me a reply](https://np.reddit.com/r/btc/comments/7oy07j/is_cexio_insolvent_my_experience/dsfb7hy/), failed to do so, and [threaten to slow down the process for posting about their failure](https://www.facebook.com/CEX.IO/posts/1306904292743771). There is no reason why posting on social media will "slow down the process" unless their social media team is also doing the bank transfer as well. This is nothing more than a thinly veiled attempt in threatening me with delaying my payment if I expose their practices further. + +CEX.io also replied to a wrong ticket of mine (the said ticket issue was already resolved long ago). Long story short, CEX.io has not yet to reply me on my bank transfer of USD 34000+. + +Now since CEX.io refused to talk to me, I have since sent a statutory demand letter by registered post to them pursuant to England and Wales's laws. This is the first step to CEX.io insolvency proceedings. **If you would like to be included in the coming legal suit to recover your monies, you need to send a statutory demand to CEX.io and then contact me with all the details.** + +I have also contacted the UK police and US Financial Crime Enforcement Network, Department of the Treasury. Further I will also be contacting the press (including coindesk, BBC, amongst others) to ensure everyone hears about the errant practices of this company. This is building up to be Mt. Gox 2.0 and I am sure the press will be happy to hear about it. + +u/CEX_IO, ticket 543006, as stipulated in my demand note, the amount is now USD 35,235.36, after accounting for interests of 8% (England and Wales statutory interest rate). + +EDIT: My original thread on /cryptocurrency got deleted. relinked to my same post on /btc + +EDIT2: u/CEX_IO replied claiming I did not provide documents for their compliance team. This is untrue, the only time they asked for additional documents is when I was seeking Verified Plus status (which allows for higher withdrawal). This was a separate matter from my bank transfer. I [attached the entire email thread](https://np.reddit.com/r/CryptoCurrency/comments/7qslkb/update_on_my_missing_usd_34000_held_with_cexio/dst58qf/) for transparency. +My father recently passed away in a tragic car accident. He was in his mid 50's with a great job, great benefits, and a decent amount of insurance. My mother is devastated and I'm left to handle things. +Car insurance is going to cover the car, funeral, and accidental death benefit. Car loan had life insurance on it so all that is covered. My father has a modest estate with a house and property. My mother stands to come into quite a bit of money, around $500k after all the dust settles. They still owe $40k on their mortgage. Have some medical debt in his name. Have some cosigned student loans, some that will be forgiven being parent plus and some signature loans that I'm still waiting on promissory notes on. My mother is not yet at retirement age and with all things considered I'd like her to wait to start collecting his pension and leave his 401ks in her name and just let them grow. His 401ks and IRAs have another 200k. So ultimately my question is, what should I direct her to do with the rest of the money? She has grandchildren and I have been looking into 529 plans. Should I just invest the majority of it into her 401k that she will inherit? Should I invest it in some other way? I just want her to be comfortable and be able to draw a decent income when she hits retirement age. Any advice would be greatly appreciated. + +Edit - Woah this blew up a little. I'm working on responding the everyone. Thank you. +My father is 80 and has like 50k in credit card debt. He wants to refinance his home with a cash out to pay it off. But his current rate is 4.0% and I kept saying it's not worth it right now. + +I haven't had much time to really research as I have alot of work and trying to move apartments. + +Anyone know of any resources for a senior to save money on mortgage or credit card? I figured I could start with this. + + I've looked into getting him a personal loan but then sometimes when we open a new credit card he gets 0%APR for like15 months. But we don't want to keep opening cards to rotate the debt to 0% APR. + +Thanks anyone with an idea! Really appreciated. :) +I recently got back into day trading 2 months ago, all is going well with scalping options strategy. I’m thinking if the success continues for the rest of the year I may make a go of trading full time. How do you guys pay yourself? Do you go with a percentage based salary? +Graph of this issue: +https://pbs.twimg.com/media/DceTmy2WsAAkVMB.jpg + +With the end of the first quarter approaching, where are analysts most optimistic and pessimistic in terms of their ratings on stocks in the S&P 500? How have their views changed during the quarter? + +Overall, there are 11,094 ratings on stocks in the S&P 500. Of these 11,094 ratings, 52.2% are Buy ratings, 42.9% are Hold ratings, and 4.9% are Sell ratings. + +At the sector level, analysts are most optimistic on the Information Technology (60%), Health Care (59%), and Energy (59%) sectors, as these three sectors have highest percentages of Buy ratings. + +On the other hand, analysts are most pessimistic on the Telecom Services (33%) and Utilities (39%) sectors, as these two sectors have the lowest percentages of Buy ratings. The Telecom Services sector also has the highest percentage of Hold ratings (66%), while the Utilities sector also has the highest percentage of Sell ratings (9%). + +The above graph shows that stock analysts / pundits have often been wrong. Do you follow the pundits or do you analyse stocks on your own? + I bought healthcare technology & innovation ETFs last week. And now I am thinking about investing in other themes that I think will be top in 2022: + + +\- Cybersecurity + +\- Natural resources + +\- AI and big data + +\- 5G + +\- eCommerce + + +I am looking for more options from y’all as to which themes you are planning to buy for 2022. I am also considering using some platforms to guide me in choosing what ETFs to invest in since I also heard some folks say that they are currently using [Trackinsight,](https://www.trackinsight.com/en/thematic-investing/?r=1) [Fidelity](https://www.fidelity.com/etfs/overview), and [Acorns](https://www.acorns.com/). According to them, it really helped them in getting the whole picture of thematic ETFs and useful for starting out. Any thoughts on this? +[http://www.esquire.com/lifestyle/money/a44660/4-women-4-incomes/](http://www.esquire.com/lifestyle/money/a44660/4-women-4-incomes/) + +I recall someone posted the "4 Men" counterpart to this article about a month ago... so just sharing the "4 Women" version from yesterday. +Hi everyone. Was hoping for some advice on 1) what type of accounts I should open (i.e. 529 and other) as well as 2) any tips on how you have navigated teaching your child(ren) about money, starting at a young age. I have thoughts and ideas, but transparently neither myself or my husband came from families who were the best at this sort of thing, everything we know is self-taught and both of us learned from mistakes along the way. So I know we may have gaps in knowledge. Was just curious what worked for you and what didn’t. + +Edit: Wow thank you everyone for your responses! I really appreciate this and you taking the time to provide very thoughtful responses. So much helpful information on the accounts and lots of creative ways to educate your child. My daughter will thank you. 😊 + +Edit x2: Also the comments about ensuring you take care of your retirement first are spot on and often overlooked. This really resonates as my husband and I are often concerned about our family members - it’s obvious they aren’t saving enough. I don’t want my child to think these things about us. Fortunately we are taking steps to make that not the case but it just drives the point home. +In 1985, Costco introduced a deal at its food court: for the price of just $1.50 you could get a quarter pound hotdog and soda. Now, 37 years later, the price still hasn't changed, even as the cost of beef, labor, and other inputs has dramatically increased. With the rampant inflation that we are experiencing today, that same combo deal should cost >$5 meaning that Costco loses about tree fiddy per hotdog. + +Wallstreetbets is big and stronk. We have over 12 million members. If each WSB redditor goes out and buys 1000 hot dogs from Costco, we can lose Costco 12 million * $3.50 * 1000 = 42 billion dollars. If we also short Costco before their next earnings report, we can 1) Recover the cost of the hotdogs 2) Make a profit and 3) Get a lot of hotdogs + +Tl;dr A plan for WSB to turn hotdogs into tendies while Costco foots the bill. Might also solve world hunger, too. It can't go tits up +Recently I've had a large influx of packages delivered to my place with some key identifies that lead me to believe that someone is stealing cc info and picking up the packages from my place. I currently intercepted a few packages but I'm not sure what I'm supposed to do. + +Edit: the packages were meant to be sent to my address, but they are labeled as to: OP's address, apt X. Each name is unique, each apt label is a random letter of the alphabet. One package was from Target, three had the words "thrive" on it. There was one from coach, 3 from CVS, and maybe 3 that had no label on it. I don't have all of the boxes as they were taken. My own packages have never went missing. Also I don't plan to confront anyone directly for the sheer reason that they know where I live. +Everyone seems to agree that peer pressure is a great way to wreck your finances. I'd be interested to hear what you feel like you *should* be spending more than you can afford on, as I imagine this changes a lot depending on your age. + +For me, I am 28 and have to actively stop myself feeling inadequate for not going on exotic holidays. I can afford to go to Europe, but people at work who are on the same money as me seem to be going somewhere like the USA or Thailand at least once a year. Now, I don't for one moment think this is a bad thing to spend money on. I *could* pay for this and I would certainly enjoy it, but it would ultimately mean I would end up putting very little in long-term savings - which is what most people are doing, whether it's meals out for people in their twenties or private school fees for parents in their forties. + +I'd be really interested to hear what "keeping up with the Jones'" means to different people at different points in their lives. I also think it would do everyone some good to think about how social pressures affect their finances as it would allow lots of people to resist these pressures. It certainly helps me to think "I can't afford that - don't try to keep up with the Jones'". +I am looking to invest a small amount of money, few hundred pounds, into an app that lets me grasp the basics of trading and just have a but of fun with. + +The Main Apps I have seen are Freetrade, eToro, Trading 212 . + +Does anyone have any personal experience using these and have an opinion on which is the best? + +Does anyone have an idea of the fees involved with each one? +Interesting sounding article about someone who FIRE`ed on a "normal" salary. + +Does anyone have a Telegraph subscription and could post the text or a summary? + +[Link to the article](https://www.telegraph.co.uk/money/consumer-affairs/retired-early-left-40k-air-ambulance-pilot-job-bought-three/?WT.mc_id=e_DM1149824&WT.tsrc=email&etype=Edi_Edi_New_Reg&utmsource=email&utm_medium=Edi_Edi_New_Reg20191128&utm_campaign=DM1149824) +Hello all, + +Since June 2020 I have used MoneyBox as my S&S ISA. I deposit £50 + roundups every week so on average £60 per week. Its doing very well in my opinion, currently just under £5500 and making about 17% + +In other posts relating to S&S ISAs, MoneyBox doesn't seem to be the most popular choice, it seems to be seldom used + +Other than the service fee you pay (£1 + 0.45% of investment) I don't see any benefit in changing but I'm not an expert hence this post + +Should I keep to what I'm doing at the moment if I'm happy, or are there better/more rewarding options available that I could transfer to? + +Thanks in advance! +I certainly am! After they tried to infuse FUD with Taxes, which just made me laugh uncontrollably, because lets face it: Have we done anything else before? We are not scumbags hiding our wealth on some Islands! + +[https://www.reddit.com/r/Superstonk/comments/mwv5uo/billionaire\_hedgies\_think\_tax\_fud\_is\_viable/](https://www.reddit.com/r/Superstonk/comments/mwv5uo/billionaire_hedgies_think_tax_fud_is_viable/) + +BRING IT TAXMAN + +Edit: Lots of talking going on! I agree, the Tax money is spent better somewhere else. The main reason I am hyped is because I never knew otherwise, plus they tried to induce FUD on us with it. I was "poor" my whole life, so I was always used to Uncle Sam taking his cut. Take this one time payment and im gone ! +Crypto.com met backlash with their original announced reduced rates. As of a hour ago they have immediately slashed rates a 2nd time. The original rate reduction didn't take into effect until April 4th but this takes effect immediately. + +Before they were increasing ETH stake rates from 6.5% to 7%. They have now slashed it down to 4% + +Stablecoins like USDC were going for 12% rates. Hell I just locked in the 12% 15 hours ago. They were reducing it down to 10% but with their 2nd rate slash it is now down to 8%. + +This is crazy and I don't expect crypto.com to last much longer if they are reducing rates without warning and this fast +So I'm considering accepting a new job with a big science institute, but because of their public-good mission they're exempt from paying national insurance. (I've checked with multiple lawyers and other people in the field, the company is totally legitimate and what they're doing is above board.) + +It's a fixed term contract, I'm not being "self employed" and I'm still employed in the UK (not the EU). I just can't work out how much national insurance I'll need to pay to get my state pension? I know that if you're self employed the payments are something like £15 a week, but when I logged onto the government gateway my payments from previous years were a lot higher. + +Can anyone shed some light onto this? +To cut a long story short, me and my dad have the same name and used to have the same address before I moved out + +I was with Halifax, him Bank of Scotland (before they became HBOS). I opened a student account years ago...been with the Bank since I was about 10 with a basic savings account. It’s been my primary account for my whole life really + +6months ago I walked into the bank to deposit money for the first time in years (do it all online) and they started looking at me funny...asked me my DOB and they said it didn’t match...They said the DOB they had on file for my was my dads one! They looked even stranger at me when they realised it was a student account. It was my signature on the account but his DOB. + +I then signed onto my online banking and went to the credit card section - I’ve never had a credit card but lone behold, there’s my dads two credit cards there, with me able to access and move money around as and when I wish + +He must have spoke to them recently and updated his contact details (mobile phone number) and now the contact number associated with the account is his and not mines! + +We’ve spoken to the bank about this about 4/5 times and every time they look terrified and clueless about what’s happened. We have no idea how and when it’ll be rectified + +I am also assuming we should be due compensation for this, but I was wondering if you had any idea what we could be owed, or what we could actually do to get it resolved? The bank want to try and pretend it hasn’t happened. +My wife and I got married last year and she has about $75k in student debt. About $29k of that is in a tier with high interest rates (about 5.9%) that will basically have us paying those for the next 30 years unless we were to pay them off. + +I have the ability to pay that high tier rate off now but it will wipe out a decent chunk of our savings leaving only about $30k left behind. My advisor is recommending that we do pay those off now while we have the ability to do so to save in the long run but I’m hesitant. I may be overly optimistic when it comes to student debt forgiveness but I have this fear that I’ll pay off a huge amount and then a decent chunk of student debt will be forgiven leaving me out the ~$30k lump sum payment I’m considering making now. + +Just wanting a second opinion on this as I am mostly relying on my advisor’s projections and numbers he’s provided. + +What is everyone’s opinion on how to approach student debt of that amount? + +Edit: I do know that it is risky and I am prepared to lose all of the money but as I said I would want to diversify my stuff to limit that possibility + +I am 13 years old and have around 400 dollars I own in my dads safe that I don’t want to spend so I was thinking of trying to do stocks or something to make passive income with 300-400 dollars preferably diversified investments, I am also open to any other ideas. I have watched videos on stocks and finance but don’t know how to start, I believe my parents would help me if I knew how to. I make around 100 a month helping around my house and my brother. Note I am thinking it would be wise to consult a financial advisor about having to pay taxes or anything like that. My parents are older and my mom is recently retire and is saving money to help me buy a car and pay for college. I have plans for the future such as getting a retirement account as soon as I can and know how to build good credit. I know not to believe people who show off there wealth because the poor stay poor by pretending they are rich. I am seeing what I like know will I have support so I don’t waste money on stuff in the future and know to pay more for a good product/service and save money rather than pay cheap and have to get it done multiple times. +I may be misremembering but I thought he said avoid them. I could see this due to mutual funds hsving higher fees than ETF fees. Is this the main reason? + +I like that mutual funds can have auto deposits and I feel comfortable with the mutual funds I have (Vanguard lifegrowth strategy for short term 2-3 years and vanguard retirement target 2055 for long term retirement) but since I could get a higher return using ETFs I need to look more closely in to that. + +Any thoughts? + + +so i did an voice acting gig and got paid 700$ odd euros for it, i am saving some but want to invest a portion of it. please dont leave comments like " oh why are you investing such a tiny amount of money???" i am doing it. my parents also give me an allowance of 50$ a month, i intend to put half of that into the account every month to build it up. as well as putting any birthday or christmas money into it (splitting it with savings) ias well as additional income. + +In your opinion, what are the best low cost ETF's or mutual funds to invest in? what is the big difference between mutual funds and ETFs? from what i can gather, they are run in rly similar ways. + +so mutual funds are generally more actively managed while ETFs are very passive? + +In general, what is the best way to evaluate whether a stock is a good investment? I'm only 15, and it's all a bit confusing trying to look at hundreds of different stocks in different sectors and industries. So what would you recommend? + +&#x200B; + +Thanks in advance, general advice seems to be focused on ETFs and mutual funds, just want to see what you guys think. +Hey all, I am financial professional and I want to start teaching kids in high school the importance of finances. I am planning to hold webinars and workshops for high school students on this topic in the Fall semester. When I went to high school I learned things like Pythagorean theorem, which honestly I don't use much. Wanted to get some opinions and ideas on some topics that high school students might find useful as they head off to college. Or something you wish you learned at a younger age. + +&#x200B; + +Thanks +His tourist insurance won’t cover for pre-existing conditions, he has high BP which caused the stroke. He was taken to Kaiser emergency and then to the ICU(he was there for 3 days) and he’s since been moved to general care from ICU. I’m afraid the bill will be pretty huge. This is his first visit and he doesn’t have any assets here in the US. I’m clueless and looking for any kind of advice on the best way to proceed financially. +Hello all! Currently 26 making \~150k a year and own a fully paid off 2019 kia stinger GT(\~worth 36k). I bought it brand new for roughly that price and am debating selling the car as I want to use the money for business ventures and putting money into the market. I love cars and did love this car initially but I feel like I don't have that same spark everytime I step into a sports car anymore. + +Was debating selling the car for 36k and just buying a standard honda civic(or even leasing because I plan to buy the $25k tesla whenever it comes out in the next few years) just to free up cash to use for investments or real estate rather than a car that I'm sure will depreciate. I would take a loan for the entire new car cause it's 1.9% interest which is basically nothing. + +Would you trade in the car? I do fairly well and don't have other debt. + +TLDR: own a 36k car that I want to trade in for a honda civic to free up cash flow hoping my future self will thank me and not make me regret losing some fun. +So I kinda just turned 18, and with my amazing luck, have run into some really unfortunate stomach problems that have recurred a few times over the last month. I really feel like I need to see a doctor, as I am worried I am either suffering from IBS or maybe am lactose intolerant. I haven’t visited the doctor since I moved about a year ago, so there’s no family doctor or anything. + +I’m currently without a job, and obviously without insurance as I turned 18 a week ago. I almost definitely can’t afford a hospital visit, perhaps even if they offer me payments, unless those payments are only a hundred dollars or so a month. The last time I went to the hospital they billed my mother $900 JUST for the 6 hour room stay, even though the amount of time we had to wait for the doctor was out of our control. So what do I do? Take a huge hit to my credit, or deny myself medical attention to potentially save myself from being in immediate debt? +Sorry for length, and I realize this may be a face-palm for some of you, but I'd really like to see if there might be some other ways of looking at our situation, any that I may have missed. + +At 61, I am burned out in my corporate drone job. Won't get into details but it started with a bad manager (who is still very much there) but now the work itself has become tedious and is approaching nauseating. (I accept that it may be me, but that is how I feel so I guess it still counts). + +Wife is 3 years my junior, and together our income is a bit under $300K, roughly evenly split, in a HCOL area. However we own over 3/4 of our home (purchased last year) and are aiming to pay the rest off in a year or two if our jobs remain. No other debts and our 2 kids are settled with STEM degrees. + +However, if I quit (an official retirement is not possible due to insufficient years in) we may have to extend the payoff another year or two. No big deal I think, the P&I payment barely reaches 4 figures. + +Our health is mostly good, with some issues (weight, BP, cholesterol) but all within sane limits and under meds. We exercise almost daily and I think are quite fit for our age, despite some lbs I can stand to lose. My big worry is health care costs, but while she is working, we are good. + +So here are the numbers: +Total assets (not counting RE): $3M in her and my 401Ks/ pensions, with about a third more (so $4M total) of that in individually held popular stocks and funds. Here's what may give some pause: ALL of the money (across all assets) is in stocks or a few popular funds (let's call it 50/50). We've lived frugally (except RE, per HCOL) for over 30 years and saved every penny possible and never went beyond one salary spend. As a result we may even have difficulty spending money on discretionary stuff. As an example, $50 for dinner out (for 2 of us) is regarded as a splurge and may occur twice a year at best. So spending is no more than say $60k/year not counting travel (nothing nowadays of course) and health care. Our cars are 10 years old but low miles so hopefully good for say 5 more. + +I know that, by the bare numbers, I can pull the trigger and GTFO any time. She (mostly) likes her work so she will hold on for a little while, and that will help us ease in. + +So as noted above, is there anything I'm missing? Oh yeah, my parents lived to 90, her dad died of a heart attack at 42 but mom is still here at 90, though fading. Not sure how much predicting is possible with that; as we are immigrants things are different now (in both directions). + +One of the mental blocks is simply giving up the gravy train, mostly due to one jerk. But I also feel I've paid my dues, working nearly 40 years starting at a very blue collar level. I know the decision is mine in the end but is there any (significant) risk in the numbers shown above? + +Thanks. +Moving out at 18 + +My family is poor physically and spiritually, toxic and emotionally draining. I live in Ottawa. I am leaving on Feb 1st with 3k saved up, a payed off car and a full time job secured. this is the budget I’ve come up with: + +Monthly Salary: 2,400$ +Monthly Expenses: + +- 650 rent all utilities included (renting a room) +- 350 car insurance, gas, parking +- 350 food/gorcery bill +- 200 braces +-125 gym membership +-50 phone bill +- $500 savings + +> Which leaves me with a little over $150 a month to spend on miscellaneous things. I’m also not afraid to dip into my $500 savings in case of emergencies. + + +My budget seems veryy tight and what I’m MOST afraid of is having to move back in with family because I can’t “make” it on my own at 18 in the “real” world. If I leave that��s it. I can’t come back they will disown me and hate me for not supporting them. Has anyone moved out on a salary/budget close to mine and how did u stay afloat? What’s some advice you have for me? Should I go and thrive on my own or stay in a toxic household home to save a couple thousand each month? +Obviously I need to get a decent job. The job I have now is borderline part time with just above minimum wage pay. I’ve applied to hundred of places in the past year and nothing has come of it. I have some college, which is where the debt comes from, and I don’t have a penny to my name due to expenses and not making much. What are some things someone in my position can due to start taking steps to get on my feet? What should I be putting on my resume’ to get a better job? I know I can’t start any job making enough money to live happily ever after, but I can’t live on 35 hours every other week on minimum wage. +I'm collecting unemployment until May, but haven't been successful in my job search. So the odds of being able to re-build my 401k are remote. I checked my account today and freaked out over a loss of 25%! My 401k is in a 2025 Retirement Fund with an additional $6,000 ROTH. I don't know what to do, I'm 62 and fear losing everything! Should I withdraw my ROTH and put it in the bank? Can I "freeze" my 401k so I don't lose what's left? Please help! +I am 27/f. I have always taken pride in being good with money and I think that's the only reason I'm not in a much worse place right now. + +In the last few years i had some really bad luck with medical issues and I put all my medical bills on my credit card while also spending a lot of money on things I shouldn't have knowing I had those bills. Since then I've just continued to put things on my credit card and while I always make as big of a payment as possible i have not gotten anywhere because I spend just enough to keep myself from making progress. And now of course the interest is starting to add up + +Luckily I still have really good credit. I do own my own house, my car is mostly paid off. I know I can get out of this. I'm not sure why it took me so long to make this decision but I'm officially trying to do something about this. I'm working on a budget, canceling things that I don't need like cable and cutting out eating out, etc. + +My biggest question though is for those things I do need to buy. Which is better for my overall financial health? Stop using my credit card completely? Pay for things with cash and then just make smaller payments if I have to? Or put things on my credit card and then make a bigger payment? I'm pretty sure this is a stupid question and and I think I know the answer. I also know the real answer is to stop spending money i dont have but I need some help....any other tips are also appreciated! +I am planning on starting an emergency fund of $5,000. I want to put it in an account that would accumulate a high amount of interest over time since I don’t expect to pull it out anytime soon. I also want to add to it as time goes by. + +I just started make a budget but I don’t know where to start or what accounts would be best. I also get a bit overwhelmed with the amount of options there are when I try to look it up. On top of that, I don’t know if the site I’m on is a reputable source or not. + +Any and all advice would be appreciated. +**What is Biocept & what do they do?** + +* Biocept is a company that focuses on developing innovative diagnostic solutions that give doctors & their patients the necessary information all from a non-intrusive biopsy they call [Liquid Biopsy](https://biocept.com/about/) + +**What are the benefits of Liquid Biopsy?** +* With their patented technology they call Liquid Biopsy, it allows for Doctors to analyze and interrogate CTCs and ctDNA for certain biomarkers. +* With this, physicians can be better informed about the actionable molecular information associated with a patient’s cancer. +* Because they use a simple blood sample, this molecular information can be obtained non-invasively and more rapidly than a tissue biopsy, this leading to a quicker/more efficient diagnosis, which allows for the doctor to curate the best treatment plan possible for the cancer patient. + +**[Their tech is patent protected](https://biocept.com/patents/)** +* As of January 2018, Biocept’s liquid biopsy technologies are protected by 22 issued patents in the US, EU, Australia, China, Japan, South Korea, as well as other countries. +* They have a worldwide patent protection on their highly sensitive methods for detecting cancer biomarkers in circulating tumor DNA (ctDNA) and on circulating tumor cells (CTCs). +* They have [39 parents](https://pasteboard.co/J7tcCpl.png) around the world to protect their proprietary technology + +**Why their patent protected tech is One Of A Kind** +* Biocept has [implemented use of cocktails of antibodies](https://patents.google.com/patent/US9834817B2/en) for the capture and enrichment of cells of interest. This differentiates Biocept from similar companies and allows Biocept to capture a broader array of CTCs. +* Their [patented Target-Selector Assays for ctDNA](https://www.genomeweb.com/resources/new-product/biocept-target-selector-kits) use real-time PCR, Sanger sequencing and next generation sequencing (NGS). +- This patent encompasses Biocept’s proprietary [“switch-blocker”](https://biocept.com/technology/)technology, which  is designed to improve detection rates for these oncogenes, allows physicians to make informed decisions for the selection of therapy and monitoring of treatment response over time for patients with cancer. + +*Here's all the links in regards to all of their parents invade you would like to read much more in depth** +* [Link 1](https://biocept.com/patents/) +* [Link 2](https://patents.google.com/patent/US9834817B2/en) +* [Link 3](https://www.genomeweb.com/resources/new-product/biocept-target-selector-kits) +* [Link 4](https://patents.google.com/patent/US9128082B2/en) + +**Financials: Year end & Q4 of 2019** +* [Fourth quarter revenues reached a record](https://www.prnewswire.com/news-releases/biocept-reports-2019-fourth-quarter-and-full-year-financial-results-301029886.html) **1.8 Million** +* Q4 revenue is up **108%** compared to that of Q4 from 2018. +* Q4 ended **17%** higher than the previous quarter +* They beat their Quarterly expectations by **5%** + +**Business Overview** +* They plan to grow revenue this year from Q1-Q4 by utilizing their primary sales strategy which is to engage medical oncologists and other physicians in the United States at private and group practices, hospitals, laboratories and cancer centers. In addition, we market our clinical trial and research services to pharmaceutical and biopharmaceutical companies and clinical research organizations. +* They plan to grow their business by by directly offering medical oncologists, surgical oncologists, pulmonologists, pathologists and other physicians our Target-Selector liquid biopsy CTC and ctDNA assays. +* They plan to expand their growth through collaborations with leading university hospitals and research centers. They [Collaborate with key thought leaders, physicians and clinical researchers](https://pasteboard.co/J7tbT46.png) + +**Recent News to positively impact $BIOC & stock price** +* On February 10, Biocept [announced a laboratory services agreement](https://ir.biocept.com/news-releases/news-release-details/biocept-enters-laboratory-services-agreement-california-based) with a California based independent physician association. This means that a Large independent physician association servicing California will now offer access to Biocept's Target selector liquid biopsy testing for the management of patients with cancer. +* On February 14th, biocept [announced the promotion](https://www.prnewswire.com/news-releases/biocept-appoints-cory-j-dunn-senior-vice-president-of-commercial-operations-301004449.html) of Cory J. Dunn, M.S., M. Ed. to Senior Vice President of Commercial Operations. + - This is a big deal because she held multiple leadership positions at life sciences companies specializing in diagnostics, including GenomeDx Biosciences, PLUS Diagnostics and Genoptix. +* On March 9th, Biocept [announced the publication](https://www.prnewswire.com/news-releases/newly-published-data-in-journal-of-clinical-pathology-provides-clinical-validation-for-biocepts-target-selector-qpcr-assay-to-identify-cancer-associated-mutations-301019347.html) of clinical data in the peer-reviewed Journal of Clinical Pathology that further validates the Company's Target Selector™ qPCR Assay using "Switch Blocker" technology to identify cancer-related mutations in liquid biopsy samples. + - Here is more [information & the study done](https://jcp.bmj.com/content/early/2020/03/04/jclinpath-2019-206381) regarding this announcement +* on April 2nd, they [announced]( https://www.prnewswire.com/news-releases/australia-patent-issued-for-primer-switch-mutation-detection-and-amplification-platform-301033971.html) that they have been granted Australia Patent number: 2017268486, which is intellectual property protection for Biocept's Primer-Switch technology that is useful for ctDNA analysis using real-time PCR and associated analysis methods, including next-generation sequencing. +* On April 9th, they [announced](https://www.prnewswire.com/news-releases/brazil-patent-granted-for-biocepts-target-selector-oncogene-mutation-enrichment-and-detection-platform-301038067.html) that Biocept has been granted Brazil Patent No. BR112013028296-7, which is the intellectual property protection for the Switch-Blocker technology that is core to Biocept's Target Selector assays for ctDNA analysis using real-time PCR, Sanger sequencing and next-generation sequencing. +* On April 28th, biocept [announced](https://www.prnewswire.com/news-releases/biocept-announces-ce-ivd-mark-and-availability-of-its-target-selector-egfr-molecular-assay-kit-in-europe-301048149.html) the award of CE (Conformité Européene)-IVD Mark for its Target Selector™ molecular assay EGFR Kit.  The CE Mark confirms that the Company's Target Selector kit products meet the requirements of the European In-Vitro Diagnostic Devices Directive and allows Biocept to commercialize its kits throughout the European Union and other CE Mark geographies. + -**This is a HUGE deal** because it opens up new markets and opportunities for biocept. This will definitely be reflected up this year's earnings + +**Target Price & Forecasts** +* Finviz currently sets their [target price](https://finviz.com/quote.ashx?t=BIOC) $1.00 +*CNN money sets the [target price](https://money.cnn.com/quote/forecast/forecast.html?symb=BIOC) at $1.00 +*WSJ sets the [target price](https://www.wsj.com/market-data/quotes/BIOC/research-ratings) at $1.00 + +**Final thoughts & comments** +* Despite the coronavirus affecting multiple industries/sectors, I do not believe they were impacted +* Their technology truly is one of a kind and best part of all is that their technology is patent protected. +* I do believe it will reach $1.00 by Q1 earnings call & I believe they will definitely be above $1.00 come Q2. +* All their new patents & partnerships with the likes of Thermo Fisher, LabCorp, Quest diagnostics & multiple top quality universities only goes on to show how this company not only has Amazing cancer tech, but this year will definitely be their best year in terms of revenue. + +At the end of the day, like I mentioned in all my other DDs, this is just all the information I dug to find with legitimate & cited sources. I do this so you can make the best possible well informed decision before you decide to make a purchase. + +As I've mentioned to most of you, I'm well into the cancer companies/industry because of my father's illness. This "Liquid Biopsy" is seriously amazing and as soon as it catches on it will tap into a market that other companies aren't in. + +Like I mentioned in this post, with traditional biopsies, it is invasive & depending on the location of the tumor, some patients can't even get a biopsy. Plus with a traditional biopsy, you run the risk of aggravating the cancer & accelerating it's growth. With the liquid biopsy, it changes all that and it allows for the oncologist to plan the best form of treatment since they'll have all the knowledge possible of the cancer prior to making the treatment plan. + +Anyways, hope this DD can provide you the best knowledge possible so you can make a well informed decision before deciding to purchase stocks. I have tomorrow and Sunday off of work, so I will be posting more DDs on companies I feel will have positive growth this year. + +Take care Everyone & have a good weekend!! :) + +**EDIT:** I forgot to mention, the earnings call is on 05/13 +Hello r/fatFIRE, + +About me – I’m 60 years old and looking to retire December 2019. I have about $6.5 million saved today. + +I want to understand what I can reasonably plan for from an income standpoint. I may be 100% wrong, but the 4% rule seems too conservative when looking at a more diversified portfolio that, to me, doesn’t seem too risky. + +I would like to safely generate about $325K (5%) pre-tax from my portfolio and ideally, I would like some (1-2%) portfolio appreciation; most importantly, I don’t want my principal to shrink. The appreciation is for my heirs and is not as high a priority. So, overall, a yield of at least 5% to me and 6-7% overall. + +The portfolio I am thinking of is as follows: + +· Real Estate: $1.5M @ 8% annually. (This will be a mix of publicly traded REIT’s, LLP deals and other qualified investments) + +· Preferred Stock: $1M @ 6% annually. + +· MLP’s: $250K @ 8% annually. + +· Dividend Stocks: $2.25M @ 4.5% annually. + +· Growth/Value Stocks: $1M @ 2% annually. (i.e. lower dividend growth stocks with some growth) + +· CD’s or similar: $500K @ 2% annually. + +This portfolio yields $331K (5.1%) and is mostly taxed as capital gains (not the RE, though). + +My thinking is that I would plan to live on the cash/CD’s and that distributions/dividends would replenish that cash. $500K is about two years after tax, so in the event of a downturn, I could avoid having to sell part of my portfolio if the income slows/stops for at least two years. + +Obviously, there are more details regarding taxes, when I take Social Security, etc. + +I want to try to keep this simple, though and ask what am I missing? Can I really generate 5% from my portfolio with very low risk? Am I being too aggressive? + +Thanks for the help! + +Update 1: + +First, thank you for your responses – they are really helpful and I appreciate the time people have put in to helping me. + +There have been a number of questions about spending, inflation and goals… + +SPENDING + - Healthcare!: for the first 3-4 years I will have to buy private healthcare at $45K annually (yes, that’s a real number); once I can get Medicare, I think it will be closer to $15K annually for supplemental coverage. Going without is not an option because I did have a serious issue earlier this year. It’s really shocking to see how much this costs for early retirees. + - Fixed costs: $80K – property taxes (I live in the SF Bay Area, so high and my wife won’t move), various insurances, a couple 0% car payments, etc. + - Variable costs: $170K – gym/personal trainer, trips & entertainment, hobbies, helping the kids, etc. (unlike most of the FIRE community I don’t have a problem spending money ) + So, I have a lot of flexibility regarding spending. + +INFLATION +I should have stated this in my original post, I did not explicitly plan for inflation in the numbers but I did in terms of my spending habits. In other words, because of my age (almost 62 at retirement), I am assuming that I will be operating at 100% activity level for ~10 years – through my early 70’s. Then I will slow down (as a necessity) and my spending will drop (I have some very expensive hobbies that will get scaled back). So I am assuming that my reduced spending power will be met by reduced spending. + +GOALS +Ideally, I would leave most of today’s principle for my two kids with some growth over today. That said, I started with nothing and they can too and my wife and I are helping them out now anyway. + +SOCIAL SECURITY +I didn’t include this in order to leave a buffer. For my wife and myself this would range from $33K annually at age 62, $47K at 66.6 or $60K at age 70. A financial advisor I once spoke said he always recommend that people take the early payout because (he believed) that people always benefited from more $$ early in their retirement when they had better health and were more active. This is TBD for me. + +**TLDR**: + +>!It would appear a crack team of individuals is being assembled at Citadel for the purposes of utilizing quantitative research, analysis, statistical modelling, and big dreaming to pave the way for the crypto market making that will and derivative gambling that will likely be used as bait to entice investors in a seed round to go public????? !< + +Just a \[slight\] tinfoil of a theory. + +(Click on the grey box above to reveal) + +&#x200B; + +Following up on a couple DD's I have written previously, I thought it apropos to build on these, as there have been some interesting developments, of late. + +# Preface + +&#x200B; + +* My January 11th DD, [Is "public Enemy Number One" Citadel Securities Going Public and Showing Intentions of Entering Into The Crypto, Blockchain, and NFT Space?!?! Looks Like The Writing Could Be On The Wall](https://www.reddit.com/r/Superstonk/comments/s1miz7/is_public_enemy_number_one_citadel_securities/?utm_source=share&utm_medium=web2x&context=3); Let's call this "Part I" + +(In this post, I discussed the cash infusion into Citadel from Sequoia Capital and Paradigm of $1.15B was indicative of (or hinting toward) some future aspirations of the hedge fund) + +* My February 21st DD, [Citadel Clearly Has Been Ambition For The Crypto Space, But To What End? There Is Clear Cut Evidence They are Entering The Space, Based On Recent Investments, And Go As Far As To Recruit From and Sponsor Events at MIT. Only Time Will Tell What Their Motivations Are, But This Is Worth Discussing](https://www.reddit.com/r/Superstonk/comments/syczi5/citadel_clearly_has_been_ambition_for_the_crypto/); Let's say, "Part II" + +(In this post, I posed a couple of questions around what could Citadel's intentions be for wanting to get into crypto, and looked at it from the subject of the digital dollar the Fed is working on) + +&#x200B; + +# Prologue + +&#x200B; + +Our journey today begins with a Bloomberg article whose headline caught my eye... + +https://preview.redd.it/eh71h2qgzpl81.png?width=704&format=png&auto=webp&s=bd724d1e30791a1417c4b03f320a11c136286b68 + +But Citadel hires people all this time. **"Why does** ***this*** **matter"?** Great question. I will be upfront and admit that when I clicked on the article, I was not expecting anything to jump out at me. But after reading, my spidey senses started to go off + +&#x200B; + +https://i.redd.it/lxongogc0ql81.gif + +...so, me being me, I started digging. + +**So, about the article.** + +The Bloomberg article reports that former AQR Capital principal Michael Katz has been hired by Citadel to head up Credit Quantitative Research, where he will join and report to Chicago-based Pablo Salame--Co-Chief Investment Officer and Head of Credit--in April. + +The article goes on to quote a few words from Salame; "*We're excited to welcome Michael to Citadel and look forward to him playing a key role in the continuing growth of our credit business*". + +&#x200B; + +**Seems harmless enough, right? What's this guy going on about "interesting developments"?** + +Well, my friends, if you will join me, let us venture down the all too-familiar "rabbit hole", as it were...and I will tell you a tale + +&#x200B; + +https://i.redd.it/l7i65u3j2ql81.gif + +# + +# The New Guy + +&#x200B; + +Looking at the "about" section of Michael Katz' [LinkedIn](https://www.linkedin.com/in/michael-katz-99407841/) page, we get some insight into his background, and get a feel for his skill set. + +&#x200B; + +https://preview.redd.it/b1bmj9rk4ql81.png?width=1131&format=png&auto=webp&s=2a840a290f307ac41c80cec264dce44f2fd2bde5 + +Note that I highlighted "long-only products". We will come back to that shortly. + +**Fun Fact**: Katz is an alumn of the same institution that gave us the likes of Ken Griffin. + +**Funner Fact**: \[Yes, I said "funner"\] Kenny must be pretty please with AQR's talent pool, because this is not his first dip. + +Current Credit Quant Researcher [Diogo Palhares](https://www.linkedin.com/in/diogo-palhares-5b5aa530/) was also previously employed at AQR where he was Managing Director of a team responsible for corporate credit systematic investment models. + +&#x200B; + +[To be on the safe side, I pixelated the headshot, as to not use anyone's likeness](https://preview.redd.it/4vn8fgyt8ql81.png?width=330&format=png&auto=webp&s=27d57433e453c097cdd0a12475d96c7263459614) + +https://preview.redd.it/e05f9oz66ql81.png?width=343&format=png&auto=webp&s=c27b8e6745c9362febcb08047a862723f38866ad + +Hmmm.... Diogo started at Citadel in January, Michael Katz starts in April. It's almost as if.... Citadel is... building a team... for a specific purpose...?? But I digress + +&#x200B; + +Okay, so you may be finding yourself asking **"Why would Katz leave his cushy job at AQR"? "Why Citadel"? "And why now?"** + +Great questions! However, before we get into that, let's provide a little back story. + +&#x200B; + +# AQR + +&#x200B; + +According to their [website](https://www.aqr.com/About-Us/OurFirm#firmfacts), "*AQR is a global investment management firm dedicated to delivering results for our clients*", and "...*AQR’s evolution over two decades has been a continuous exploration of what drives markets and how it can be applied to client portfolios*" + +In addition to Katz' business acumen, he has also co-authored scholarly journals on business topics where statistics and quantitative research were employed while at AQR; ["Risky Value"](https://deliverypdf.ssrn.com/delivery.php?ID=186110029069011089070079108124021081054087021052029007119069078009004030071023066065016043025056016121004085008120121009087095027086028018020067000008081120113009109021049007068096125116109101098123120113019119097077092116089107068014097092117072114102&EXT=pdf&INDEX=TRUE), ["Are stocks real assets? Sticky Discount Rates in Stock Markets"](https://deliverypdf.ssrn.com/delivery.php?ID=380124069122108089093005067118064081059089022064027023064107066125083019119005002123033062000029047123108124065074089120009030058071007053078070078084078003101095064050012092100102076113126067021117025069087118120091125098067120119100116066003066091&EXT=pdf&INDEX=TRUE), ["Post-FOMC Announcement Drift in U.S. Bond Markets"](https://deliverypdf.ssrn.com/delivery.php?ID=634087103098022020106091114029118070055022030067038035066070070118003103076075125073107013020035005031116084118019103001004124017036066065011120121080071006005108029033051020067006092025090102069117106075022100098008100065096067088008014002101078070&EXT=pdf&INDEX=TRUE), and [To Trade or Not to Trade? Informed Trading With Short-Term Signals for Long-Term Investors](https://www.jstor.org/stable/23031975?refreqid=excelsior%3Ad886d158787dd2b6847bd72b6560f423). + +Seems like a smart guy. Okay, so now we know why Citadel would want him, but **"why does he want Citadel"**? + +&#x200B; + +For *that* I think we should turn to a January 13, 2021 Bloomberg [interview](https://www.youtube.com/watch?v=MMJAF35H0IQ&t=40s) with AQR Co-Founder and Managing Principal Cliff Asness. + +In the interview Asness expressed his unwavering views of skepticism towards crypto, and had some interesting words. Asness says if trading crypto *was* just trend following, "*then* ***he would have been long it***". + +Recall from earlier I said we would revisit the underlined text of a screenshot that talks about AQR's '**long-only equity products'**? Establishing long plays is a long-standing practice at AQR, and the firm has no intention of venturing into crypto. + +The below screenshot picks up on this. + +[https:\/\/theglobalherald.com\/business\/why-aqrs-asness-is-still-cynical-on-bitcoin\/ ](https://preview.redd.it/z7rff62vbql81.png?width=845&format=png&auto=webp&s=fdc74ab13fe2037c415477f48a1b3b2af8a15d0b) + +Asness goes to add "I will say "*I'm somewhat cynical that someone's going to come up with a really good valuation model for what the right price of Bitcoin is, it's certainly been trading as a trend..thing*", and "*I think quants doing that are a little bit trendier than I want to be*". + +&#x200B; + +# The Rationale + +&#x200B; + +Despite Asness' confidence in his strategy, a November 2021 Financial Times article titled [AQR hedge fund parts with 5 top managers and closes struggling division](https://www.ft.com/content/9632f317-11ba-49c6-b989-723c58afeadc?FTCamp=engage/CAPI/desktopapp/Channel_Bloomberg//B2B), talks about the departure of 5 top managers--including Michael Katz. + +"*Computer-powered hedge fund group AQR Capital Management is to remove five partners from its ranks and trim its bond arm, continuing to retrench operations after several lean years for many systematic trading strategies".* In this article, we also learn that the firm's assets declined by almost half to $137B, and that + +"*Clifford Asness has been a pioneer of 'quantitative' investment strategies that attempt to profit from long-term market signals, rather than traditional human traders and fund managers*", and "*AQR’s assets under management peaked at $226bn in mid-2018, but since then many of the main strategies it uses have fizzled, deflating its size and leading to several rounds of job*". + +&#x200B; + +So, if I were a betting man and had to interpret this--Katz leaving AQR for Citadel--I would think it was a case of the grass being greener. My theory is Katz had bigger dreams for his abilities and felt stifled where he was in a company that had a leader that was not forward-thinking, and in a division that was failing, and wanted out; to somewhere he could "spread his wings", and dream big..... about something like crypto, and revolutionizing markets. + +&#x200B; + +But let's not *just* take *my* word for it... + +&#x200B; + +# Cue The Quants!! + +&#x200B; + +Looking at the website, we get some insight from their investment strategies and current job postings. While I could not find anything that specifically outlines what the Credit Quantitative team does, we can read between some lines and put two and two together. + +According to the Investment Strategy [page](https://www.citadel.com/investment-strategies/), we get some information on what Credit and Global Quantitative Strategies objectives are: + +&#x200B; + +https://preview.redd.it/jbrgarbwkql81.png?width=879&format=png&auto=webp&s=db4469bf2e3c5622223dff169deee64d0f459b64 + +https://preview.redd.it/ftupb3dniql81.png?width=524&format=png&auto=webp&s=238145798d3f07b7adc851753e549520e9689a6a + +Essentially, I would say Michael Katz new team will facilitate the generation of growth and and maximizing ROI's \[that exceed industry standards\] by way of quantitative methods, research, and models. + +&#x200B; + +A job [posting](https://www.citadelsecurities.com/careers/details/quantitative-research-analyst-full-time-us/) for a full-time Quantitative Research Analyst gives us further insight: + +&#x200B; + +[https:\/\/www.citadelsecurities.com\/careers\/details\/quantitative-research-analyst-full-time-us\/ ](https://preview.redd.it/8m87tjfdkql81.png?width=1125&format=png&auto=webp&s=513ce0fd6a404542c680b0429f474d0ad5f6a774) + +&#x200B; + +Sounds fun, right??? Likely not for most of us, myself included. But, for a guy like Michael Katz, who enjoys this type of ground breaking, analytical, statistical, quantitative research and innovation... this seems like something right up his alley. + +Okay, "**but what does all this have to do with crypto**"? Another good question. But before I answer, let's do a quick recap for those who made it *this* far. + +# Recap + +&#x200B; + +Michael Katz left AQR Capital because his division was dying, his boss lacked vision, and he wanted more; specifically crypto. Meanwhile, Kenny boy seems to be slowly building yet another team of quants for his next venture + +&#x200B; + +# The Flip Flop + +&#x200B; + +Please recall with me again the October 4th, 2021 "interview" with Erik Schatzker, where Schatzker lofted soft ball questions at Ken Griffin which were clearly trying to paint a narrative of "Ken Griffin the hard working patriotic hero of Wall St"... + +&#x200B; + +[Yea, this one! FYI, This is a screenshot, not the vide, so don't press play.](https://preview.redd.it/o4apmrjknql81.png?width=1130&format=png&auto=webp&s=73285329e904745a714bfff67d87d3cdc43f5046) + +In the interview, Griffin said he backs the Securities and Exchange Commission Chair Gary Gensler's call for expanded oversight of the crypto currency industry. + +“*We don’t trade crypto because of the regulatory uncertainty*”"*If crypto was regulated, I would trade it*." + +&#x200B; + +**Okay, so, Griffin will mess with crypto if it gets regulated.... Big whoop!** + +&#x200B; + +# Regulatooooooors! Mount up! + +&#x200B; + +[https:\/\/ca.finance.yahoo.com\/news\/se-cs-gensler-wants-crypto-exchange-regulation-in-2022-warns-on-stablecoin-risks-130254530.html ](https://preview.redd.it/gk74hb9vnql81.png?width=761&format=png&auto=webp&s=76e0146c7b85ce64c5e52501421f7fe235243909) + +&#x200B; + +In this interview Gary Gensler had some interesting comments that would likely be interesting to Ken Griffin, because as we know, he would trade crypto--and likely engage in other activities--once the currency was regulated. + +&#x200B; + +* “*If the trading platforms don’t come into their regulated space this would be another year of the public being vulnerable*” +* “*real vulnerabilities*” with cryptocurrency exchanges, calling crypto a “*highly speculative*�� asset class and underscoring that the platforms might be registered in some jurisdictions for some light consumer protection +* “*To the extent that folks are operating outside the regulatory perimeter, but are supposed to be inside, we will bring enforcement actions*” + +&#x200B; + +**"Okay, but that's the SEC. Everyone knows they drag their feet. It's not like some other big player in the trading of securities is doing anything"**..... Or *is* there??? + +&#x200B; + +https://preview.redd.it/xiklk7aaoql81.png?width=520&format=png&auto=webp&s=e5f7f0df282a16163dc7eb7ab4f54222c6e6eb87 + +Well, as luck would have it, there *is* one such agency that *is*, in fact, doing something. + +&#x200B; + +According to a January 2022 ISDA [blog](https://www.isda.org/2022/01/18/developing-contractual-standards-for-crypto-derivatives/?_zs=JfMlO1&_zl=iTkb6), that based one "*extraordinary growth of crypto*" in recent years--a $3T market value--ISDA is now "*working to develop legal standards that would support the crypto derivatives market*", but you know they wont do it alone... "*with input from a range of stakeholders, including those active in the crypto space*", they will seek to align crypto derivatives with the existing spot market. + +ISDA has also gone as far as to publish a [paper](https://www.isda.org/a/QVtgE/Contractual-Standards-for-Digital-Asset-Derivatives.pdf) outlining how they "*will develop digital product templates and definitions and how they can be integrated within the operational and technological infrastructure that is being designed and implemented across the digital asset ecosystem*". + +&#x200B; + +"**Wayment!?! Whats ISDA?**" Another great question. And I think it's important to cover this for readers who are new to this saga, or for those who need a refresher. + +According to [Investopedia](https://www.investopedia.com/terms/i/isda.asp), the International Swaps and Derivatives Association (ISDA) is a private trade organization whose members, mainly banks, transact in the OTC derivatives market. This association helps to improve the market for privately negotiated over-the-counter (OTC) derivatives by identifying and reducing risks in that market. + +&#x200B; + +**"Okay.. i think I'm getting it now, but what does this have to do with Citadel"?** + +**"Wait a minute.. ISDA and OTC... Where did I see OTC before"???** Oh right...DERIVATIVES! + +&#x200B; + +# OTC Is The Key! + +&#x200B; + +Let's take a look at Citadel's most recent [Financial Statement](https://www.sec.gov/Archives/edgar/data/1146184/000128417022000004/CDRG_BS_Only_FS_2021.pdf) from fiscal year 2021. I bet *that* has something to say about derivatives. + +&#x200B; + +It would appear "the company" may enter into \[the trading of\] derivative financial instruments during the normal course of business to "*to manage various underlying exposures for risk management purposes, or for proprietary risk taking*". TLDR, they engage in derivatives \[options, futures, warrants, and swaps\] to manage risks ("hedge"), or for proprietary risk taking. Hmm.. Sounds a log like algos and HFT, to me. + +&#x200B; + +https://preview.redd.it/2lvr55mvqql81.png?width=845&format=png&auto=webp&s=de80e046fdbc1383a3145e97a0b221f1d4571568 + +Now, you may be asking yourself if they're successful at this.. or rather... "***How*** **successful are they**"? + +&#x200B; + +https://preview.redd.it/hgmpx9swqql81.png?width=455&format=png&auto=webp&s=b75da245b21280c4cc6cc9fa1c367c66394173b0 + +&#x200B; + +https://preview.redd.it/pi5jsy4wrql81.png?width=869&format=png&auto=webp&s=91414e2ddfdda10eabd6dca7250a79ba8352ab12 + +So, yea.. pretty "successful"... If you want to call over-leveraging yourself to the point of the brink of destruction to the point where you need to engage in daily margining to stay afloat successful. + +&#x200B; + +https://preview.redd.it/nsw2zyqdsql81.png?width=942&format=png&auto=webp&s=a414af8ed458d619677b4ef48d0800434254e752 + +One of my favorite passages, though.. + +&#x200B; + +https://preview.redd.it/v2hfdgmtuql81.png?width=1031&format=png&auto=webp&s=bee0cafe516eaee311fa6529a3a001b89c649ce9 + +At **ANY** time, Citadel, applicable to bankruptcy or similar laws \[of creditors\], Citadel's exposure to Derivates \[of GME\] is limited to + +Net Unrealized Gains + Collateral transferred - Net Unrealized Loss + Collateral transferred + +..Sounds a lot like margin calls. Only a matter of time now before they're in over their head when she calls. + +&#x200B; + +# "Time to MAKE The Donuts" + +&#x200B; + +&#x200B; + +[https:\/\/news.bitcoin.com\/citadel-making-markets-in-crypto-ceo-ken-griffin\/ ](https://preview.redd.it/3p5c8akvxql81.png?width=586&format=png&auto=webp&s=800cbc20ebc11ac8ed9b9332e67e1ff49b58f636) + +In a turn of events that is sure to surprise no one, of course Citadel wants to make markets in crypto, as well. Y'know.. the same securities he wasn't interested in before.. until is was regulated.. and now ISDA is working on it.. and he has onboarding support and sherpas in Sequoia and Capital.. and all these new hires, including Michael Katz..... + +&#x200B; + +So, now that it's a $3T market, Kenny wants to admit his was wrong, and now the man who once called crypto a "jihadist call" *now* says **“*****It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.*****”** + +&#x200B; + +https://i.redd.it/9lrceyd6qr191.gif +I just saw this post and it got me thinking... + +https://www.reddit.com/r/AusFinance/comments/hfm4ea/in_australia_do_apartment_owners_own_the/ + +What happens if an apartment building is “end of life”? + +A house is easy since it’s one owner usually and you just sell it and/or rebuild. + +How does this work with apartments and body corporate and all that? + +How does the “this apartment building has snuffed it” come about? Who gets to decide? + +I’m assuming there’s voting by the owners and similar but what if the owners are emotional, can someone deem the building uninhabitable? What happens then? Do you just get kicked out and lose all your money? + +With a house you can still sell the land and recoup costs. How does all this work for apartment buildings? +I've got a lot of emotions swirling in my head right now. This post is probably not for everyone. + +I've always wanted to have the 'expat lifestyle', I also love to travel - I like Japan, but I'm also not obsessed or anything like that. + +Me: 27M ~85k salary + super as a business analyst. + +I have a friend who moved to Japan because he loves all Japanese things, he's working in some kind of start up or something and got a job working in a Japanese company. I jokingly said "get me one too" to which he said, "okay, how does a product manager role sound?". Well shit. I updated and sent over my resume and here we go. + +His boss has kind of unofficially given the go-ahead for me to continue through the hiring process, providing I don't cock up the interviews, I think I've got a good shot. I've never been a product manager before but I think I should be fine doing it, it's in my industry. I also think it would be pretty cool to have on my resume. Salary-wise, we've had an initial discussion and it would be about ~82kAUD that's about it. Maybe there's a bonus, not really sure so let's assume no. I'd probably intend to do it for at least a year and if I like it a lot maybe two then do whatever comes next. + +However, I'm still not sure if I should go. + +CON: I don't really like my company and would eventually move on but I've heard working in a Japanese company is worse (it's half Japanese half international). + +CON: COVID-19 is still a thing. It looks to be an absolute ball ache to leave the country right now (I need to apply for an exemption) then there's the whole quarantine in Japan (I think it's 14 days which I assume will cost me - maybe the company will pay for it?). + +CON: Financially speaking, I'd be better off staying in Australia. If I get all my bonuses my salary will be just over 90k and I'll be making super contributions. + +PRO: Probably going to be an amazing experience living in Tokyo. I'd learn basic Japanese (I've done a gap year before and picked up basic Mandarin). + +PRO: If I left mid financial year I would get a healthy tax return which would offset some of the losses. + +PRO: Finally get to leave Australia and travel again. + +PRO: The salary in Japan is comfortable, I'll be able to live a life and still put money away. + +CON/PRO: Not sure how this will affect my long-term career. + +PRO: Japanese food all the time. + +Thoughts? +No 0.97% isn't industry leading, you can get better elsewhere, but it's not too bad and is still better than nothing. + +I've been keeping my Emergency Fund in an easy access savings pot (as it's easy to see and manage from their app) however the interest rates have been terrible. And I have only recently noticed that they now started offering savings pots with decent interest rates again. I don't know when/if they advertised these new pots which is why I want to let others know. +Whilst at university I had a job at one of the big five banks. I was auto enrolled into a pension scheme. I'm now a few years post-graduation. + +This week I tried to transfer my old pension into my current one and was informed (by my old pension provider) that this pension was pot was empty. They told me that I would have received a letter in 2016 detailing the option of transferring the pension and if they didn't hear anything back within a few months then I would be unable to transfer the funds. I had around £2,800 in this pot which isn’t an insignificant amount. + +Does anyone have any experience with this? It doesn’t seem right that my money has just disappeared. Is there anything I can do? + +Edit: For those wondering the scheme was DC HSBC BANK PENSION SCHEME. + +Edit 2. They remailed me the letter they sent me. Hot damn. http://imgur.com/gallery/c5GIgDI +I finished my role there in September 2016... Wow. +Hello CMS Crew, I have another legendary project I want to share with you. + +I'd like to welcome all to the ShiBonk community! The ShiBonk team and I are happy with the progress of the project so far. ShiBonk was stealth launched just days ago and we currently rebounding off 500k market-cap!! We haven't even left the surface of Earth. + +The ShiBonk team is working on a blog section for the website, has applied for listing on CMC, CG, CS, and is working on getting marketing material ready for deployment. ShiBonk has big things coming in its near future! We are all in this together, lets get some memes going. + +We think we need to capitalize on the tension between $SHIB and $DOGE holders. DogeBonk has already 1000x, ShiBonk is the logical next step and completes the holy trinity of bonk coins. + +Community is great, and I think it will be the next Bonk to go over 100M market-cap. I'm holding strong and wouldn't dream of evening approving to sell this thing. + +The time to sit on the sidelines and watch others hit 6 figure gains is over anon. Jump in, have some fun, and enjoy the memes. + +Follow us on our social media to stay updated! + +Website: [ShiBonk.net](https://ShiBonk.net) + +Telegram: [https://t.me/ShiBonkCommunity](https://t.me/ShiBonkCommunity) + +Reddit: [http://reddit.com/r/Shibonk](http://reddit.com/r/Shibonk) (edited) + +Vote for us on CoinSniper: [https://coinsniper.net/coin/19838](https://coinsniper.net/coin/19838) + +Feel free to help us out by shilling on all platforms! (4chan, Reddit, Twitter, Facebook, and more) +Here you can talk about anything as long as it's related to low market cap crypto. + +This is the place to ask "what do you think about X coin" etc. + +Keep in mind, no spam (affiliate links etc) and no toxicity, be nice to each other. + **Addict finance**, a BSC lottery token, is brought to you by a Finnish/Estonian team with most being fully **doxxed**. On every transaction a 4% tax of the sum will go to a Lottery Wallet. Every **Wednesday** and **Saturday 21:00 EEST** the wallet will be distributed to Addict Finance holders chosen by a lottery system. The lottery will be held live from a **studio,** which will be streamed on twitch. The rules for the lottery can be found on the website: [Addict.finance](https://addict.finance/) + +&#x200B; + +**The project is under a week old, and under $1M marketcap still, now is an excellent point to consider investing and getting your "lottery ticket" in.** + +The team is hard at work coming up with ways to interact with and reward the community, just yesterday they gave away 2BNB for the best hype videos. More competitions and ways to win some BNB are on the way🤑 + +&#x200B; + +**Tokenomics:** + +>4% to lottery wallet +5% to liquidity pool +2% to development/marketing wallet +2% reflection to all holders +1% burn + +&#x200B; + +Telegram: Addictfinance + +Coingecko: [https://www.coingecko.com/en/coins/addict-finance](https://www.coingecko.com/en/coins/addict-finance) +KittyInu $KITTY, the biggest cat token by market cap is set to go for the kill. + +Touted by many as the new Doge, KittyInu has made its moves to the metaverse, Kittyverse! + +It has announced a strategic partnership with The Culture DAO. +Both the projects are jointly doing a live AMA, tonight at 10pm EST and Edward from Cultur DAO will be joining the KittyInu Developer team to speak about the partnership and will be taking questions. + +The Culture DAO is the brain child of Edward Saatchi (founder of Fable Studios and co-founder of Oculus VR story studio) and Anna Nevison, M.S. (a computational scientist and blockchain developer). Through the partnership, KittyInu is looking to expand their ecosystem into the virtual beings/metaverse/AI realm. + +This may include bringing their signature logo Kitty Inu character to life as a full-fledged virtual being available to interact with on social media, as well as making her available for purchase by their native currency $KITTY. + +Your full fledged AI pet in metaverse! + +With this partnership and a kickass P2E game to be released shortly(check out their trailer), KittyInu is set to teach lessons to the doges and take back its rightful place. + +Follow them, join them and say Meow to the Moon! + +Kitty Inu +Twitter: @kittyinuerc20 +Website: kittyinuerc20.io (http://kittyinuerc20.io/) +Hi- question to the group- how often do you check the balance or accounts of your stock investments? I’ve been noticing that I’ve been checking more and more - and my mood is actually impacted by the ups and downs. The swings can be kinda dramatic, with daily changes if +/- $500K. Has anyone been successful not looking on a frequent (Ie daily) basis? I try to tell myself that looking at the accounts won’t change anything- but I don’t seem able to stop. Anyone have success on this front? +Does anyone dial down certain aspects of insurance at various levels of wealth? What aspects and what level of wealth? I’m in the camp of “don’t care, doesn’t cost much so not worth my time.” How’s everyone else doing this? Is it worth it to talk to an ins. agent like a private banker just to review goals, strategies to optimize? Boutique services? As an extreme example, if I’m Warren Buffet… why buy a homeowners policy for a modest house in Omaha? I imagine the biggest risks are getting sued by someone for getting hurt on the property. +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! +Does anyone dial down certain aspects of insurance at various levels of wealth? What aspects and what level of wealth? I’m in the camp of “don’t care, doesn’t cost much so not worth my time.” How’s everyone else doing this? Is it worth it to talk to an ins. agent like a private banker just to review goals, strategies to optimize? Boutique services? As an extreme example, if I’m Warren Buffet… why buy a homeowners policy for a modest house in Omaha? I imagine the biggest risks are getting sued by someone for getting hurt on the property. +Throwaway account for throwaway reasons. + +I am fortunate to have more money than my wife and I really need, and I feel bad that my mother- and father-in-law struggle to make ends meet. It really pains me to see my MIL in her 60s working a blue collar service job with no end in sight. + +I would like to help them out, but I want to avoid a situation where helping turns into a dependency or leaves the door open to ongoing requests for help, as I can foresee that ultimately straining the relationship. Thus, I would like to make any help a one-time gift. At the same time, they are not good with managing money, so I fear that any sort of lump sum would not get used wisely. + +This has led me to consider giving a lifetime annuity as a gift. A few questions for the group: + +1) Is it even possible to give an annuity as a gift? I realize they would need to be involved with the underwriting, so it probably couldn't be a "surprise" gift, but I have never heard of anyone giving an annuity as a gift other than to charity. + +2) Any reasons this is a bad idea? I know annuities are generally expensive/inefficient products, because they involve overpaying to shift several risks to the party selling the annuity, but I'm Ok with that not being perfect, since the product seems to uniquely solve my problem. + +3) Any other alternatives I should consider instead? + +Many thanks for any thoughts or feedback. +I've worked at this company part time for the last 5+ years. Recently I noticed that my paychecks were usually between 30 minutes to an hour short of the actual hours that I worked. I don't have copies of the times I clocked in and out, but I used my google maps location history which told me the exact times I arrived and left work. + +I've checked about 6 of my recent paychecks and this was true for all of them. + +It only results in a loss of about $10-$15 each paycheck. But assuming that this has happened for the past 5 years, the total is probably in the range of $600-$900 that I've lost because of this. + +I want to talk to my boss about it, but I want to be prepared beforehand. + +What's my best course of action? + + +Edit: Wow I did not expect this many replies. + +To answer a few common questions: + +I usually work 5-6 hours each shift and don’t take a lunch. When I do take one, it’s unpaid. I take one paid break each shift. + +I know that google maps data isn’t the best evidence, but I typically walk straight into work after I arrive and leave right after I clock out. I don’t park far so maybe the times are off by a few minutes each time. I only work 3 times a week and this does not add up to the time that I am missing each paycheck. + +I’m not sure if they are rounding or not, but I read up on it and my understanding is they are supposed to round in a way that is neutral (+/- $0 average loss) or in a way that benefits me. Since there is a consistent loss of hours, if they are rounding they are only rounding down and not up. + +I’m usually scheduled from 9 to 2, but I typically leave anywhere from 2-3 so my hours worked are usually more than what I am scheduled. + +I am employed in California. + +Edit 2: Some people are mentioning that I should only get paid from 9-2 if that’s what I’m scheduled. It is encouraged for people to stay late at my company and many times I have no choice. It is understood that you will get paid for your time if you stay late. So this would not be the reason for the missing hours. + +Edit 3: I clock in immediately after arriving at work. It maybe takes me 2 minutes to walk to and from my car. After I clock out, I usually leave right away as well. If I take a lunch, I have to clock in and out for that also. + +Regardless, I know that google maps isn’t sufficient evidence and I will manually track my times with pictures for the next month or so and make sure of it before I say anything to management. + +I definitely did not expect this many replies but I appreciate all the information and advice. +[this is the email I just got](https://i.imgur.com/hajzKc0.png) + +So I went to a job interview and at a clothing place they said they wanted to hire me and I said ok cool I'm in. + +Next day I get a call saying that food4less wanted to interview me so, I go and the hiring manager said I got the job and did an oral drug test on the spot. Then I called the clothes place that I got a better job offer and thank you for wanting me because I don't want to waste their time and letting them know asap. (food 4 less is walking distance from my home and clothing place is distant from my home) + +fast forward 1 week(like the 14th of nov now) I call them to see whats going on; they say it's taking longer than expected but they're going to get me in before thanks giving to fill out paper work then I'm going to start after thanks giving. So It's the 21st and I call wondering what's up to see when I'm going in to fill the stuff out. + +"Hi I'm ____ may speak to a manger please?" + +"sure let me go get them" + +wait a few minutes then they hang up + +call again. instant pick up and hang up + +wait an hour call again and same thing (wait and click). + +I'm worried at this point. + +and today I got that email!! + +During this time a pizza place called me if i wanted an interview and I told them I was already offered a job and thank you for considering me. + +I declined 2 jobs for food4less and this is what I got. + +what can I do? +As a millennial I feel like the world is against us. Homes cost 10x what our parents paid while wages have barly increased. The cost of living is becoming insane or rather is insane. Even with a well paying job I find myself living check to check and in credit card debt. I invest what I can into crypto while trying to manage my debt the best I can. A 9-5 is never going to allow me to become "well off". I have maybe earned a few nickles from a savings account thanks to the amazing 0.01% interests rates our banks give. I've earned more staking coins this year than the last 28 years of my life in a savings account. My 401k gets about 10% a year but this is nowhere enough to retire with the insane increase of living costs. I hope we can all break free from the corruption the system. Crypto is here to stay and it will save us all. +When I first started college, my mom insisted I sign up for FAFSA. We've been receiving about 6000 every semester which worries me because I've already had financial aid twice. She took the money and payed off her car insurance and all of her bills and bought groceries. I have a 30hr a week job that pays 9/hour buts she insists I give her my money so she can control where I spend it to "teach me responsibility". If I don't give her my paystub and cash, she threatens to kick me out of the house. I've argued with her over this but she gets very angry when I question her motives and I'm scared she would kick me out instantly. I can provide more information if needed. What should I do? + +UPDATE: so I just got kicked out. I tried talking to my mom about charging me rent and making me pay for my own food rather than taking my money and she got angry. She says I couldn't do it on my own and I needed her help. I told her to prove it to me by charging me rent and what not and she kicked me out. My friend came and picked me up so I'm at his house now. I have about 400$ in my bank and I accidentally left 350$ at my moms house. I'm getting my financial aid refunded in February. Also I am house sitting for a friend for the next three days. That will give me enough time to figure out where I'm going. I found a place for 75$ a week which seems manageable. I have to be very frugal. +A rare public spat in the technology industry escalated on Tuesday when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices and criticized the online retailer for not selling Google hardware. + +The feud is the latest in Silicon Valley to put customers in the crossfire of major competitors. Amazon and Google, which is owned by Alphabet Inc, square off in many areas, from cloud computing and online search, to selling voice-controlled gadgets like the Google Home and Amazon Echo Show. + +The stakes are high: many in the technology industry expect that interacting with computers by voice will become widespread, and it is unclear if Amazon, Google or another company will dominate the space. Amazon's suite of voice-controlled devices has outsold Google's so far, according to a study by research firm eMarketer from earlier this year. + +In a statement, Google said, "Amazon doesn't carry Google products like Chromecast and Google Home, doesn't make (its) Prime Video available for Google Cast users, and last month stopped selling some of (our sister company) Nest's latest products. + +"Given this lack of reciprocity, we are no longer supporting YouTube on Echo Show and Fire TV," Google said. "We hope we can reach an agreement to resolve these issues soon." + +Amazon said in a statement, "Google is setting a disappointing precedent by selectively blocking customer access to an open website." + +It said it hoped to resolve the issue with Google as soon as possible but customers could access YouTube through the internet - not an app - on the devices in the meantime. + +The break has been a long time coming. Amazon kicked the Chromecast, Google's television player, off its retail website in 2015, along with Apple Inc's TV player. Amazon had explained the move by saying it wanted to avoid confusing customers who might expect its Prime Video service to be available on devices sold by Amazon. + +Amazon and Apple mended ties earlier this year when it was announced Prime Video would come to Apple TV. Not so with Google. + +In September, Google cut off YouTube from the Amazon Echo Show, which had displayed videos on its touchscreen without video recommendations, channel subscriptions and other features. Amazon later reintroduced YouTube to the device, but the voice commands it added violated the use terms and on Tuesday Google again removed the service. + +The Fire TV loses access to its YouTube app on Jan. 1, Google said. Amazon has sold that device for longer than the Echo Show, meaning more customers may now be affected. + +https://www.google.com/amp/mobile.reuters.com/article/amp/idUSKBN1DZ37O +I have about 50K in savings. My student loans are about 30K. Should I pay off my loans all at once bringing my savings down by over 50% and be done or should I keep making large payments until it is paid off + +Edit: Federal Stafford loans with 0% interest currently +UPDATED at bottom 8/1/2018 + +Hi, + +Wife and I had just over $50k for 3 years worth of federal tax debt and $50k plus of other debt. + +Sold our house 4 months ago and paid off everything except IRS. Paid up on estimated for 2018 for Q1 and Q2. Have about $15k in the bank. + +IRS reps told me I could make one payment to get the sum under $50k. It was around a $600 payment. In doing so I could get an installment agreement over 6 years, WITHOUT subjecting to a financial status review or some such thing where they review income/expenses, etc, and a cost of $699/mo. + +Submitted the form in June stating monthly payment of $700 to begin in July. Just got a letter yesterday stating our plan was denied. No reason stated, as is the IRS way. IRS LTR 484C. + +We had built a budget that would scrape by including this $700 payment. + +My 1st action point is to call the IRS today after work and see if they can tell me anything useful. And try to speak to a superior if that cannot. I followed the steps as they told me to take care of this debt and they shut me down. It is frustrating to say the least, and wife is panicking. + +Looking got advice on similar experiences, or from people who work with these situations as tax professionals. + +I don't believe my wife and I would qualify for a settlement. Take home is average $4400/mo. If they garnish we will likely not be able to pay our bills. If they levy, we lose our nest egg and still owe $35k. + +Edit: Duration of payment plan, from 5 years to 6. Added IRS LTR number 484C + +UPDATE 8/1/2018: Call to IRS seemed fruitful. Rep said that when I made my initial payment I did exactly as I was told by the first rep. I logged online, made a payment, and selected my oldest due tax year (2015) to have it apply there. Rep proceeded to tell me what actually needed to be done was apply it to 2015's penalty for not having health insurance. She said "this isn't your fault, yadda yadda, you did as instructed, I will change how/where your payment was applied, re-fax the 433-D to my fax number (vs the general fax number for her department) and I will re-enter it and get it set up. There should be no issues this time. You'll receive the paperwork in a few weeks" + +I will update again when I learn the outcome, successful or not. + +I will also take the time contact a few other professionals to see if it's worthwhile to try and alleviate any of the amount owed. +https://i.imgur.com/TS3usND.png + +Savings Goal: have $100k in savings by the end of 2024 (5 full years of saving and the year I turn 30). I have no specific plan around this figure, I'm not necessarily going to use it to get a house deposit or anything but I consider it a fairly achievable figure over this kind of time span. Thinking of putting most of it into VDHG or similar ETFs so that my money is actually doing something for me. Thoughts? + +Other minor information: I've overestimated the costs of a couple of things, like with Myki cost I don't always catch the train in I sometime ride a bicycle in, and Fuel costs, haircut, mechanic costs are pure estimates. +Opinion piece by Ross Gittins, Economic editor + +"I can’t remember a time when the arguments of all those bank and business economists claiming “the inflation genie is well and truly out of the bottle” and demanding the Reserve Bank raise interest rates immediately and repeatedly have been so unconvincing. + +At base, their problem is their unstated assumption that the era of globalisation means all the advanced economies have identical problems for the same reasons and at the same time. + +If America has runaway inflation because successive presidents have applied budgetary stimulus worth a massive 25 per cent of gross domestic product at the same time as millions of workers have withdrawn from the workforce, Britain’s withdrawal from the European Union is causing havoc, and Europe’s problem is particularly acute because of its dependence on Russian oil and gas, we must be the same. + +Business economists have put most of their energy into convincing themselves our problem is the same as everyone else’s, rather than thinking hard about how our circumstances differ from theirs and how that should affect the way we respond. + +There’s also been a panicked response to a huge number – inflation of 5 per cent! – that says, “don’t think about what caused it, just act”. And since every other central bank has already started raising rates, what’s wrong with our stupid Reserve Bank? + + +Too many economists have switched their brains to automatic pilot. We know from our experience of the 1970s and ’80s how inflationary episodes arise – from excessive demand and soaring wages – and we know the only answer is to jack up interest rates until you accidentally put the economy into recession. You have to get unemployment back up. + +That stereotype doesn’t fit the peculiar circumstances behind this rise in prices, nor does it fit the way globalisation, skill-biased technological change, the deregulation of centralised wage-fixing and the huge decline in union membership have stripped employees of their former bargaining power. + +The first thing to understand is that our price rises have come predominantly from shocks to supply: the various supply-chain disruptions caused by the pandemic, the war on Ukraine’s effect on oil and gas prices, and climate change’s effect on meat prices. + +Various economists are arguing that price rises have been “broadly based” so as to show that price rises are now “demand-driven”, but the main reason so many prices have risen is that there have been so many different supply shocks coming at the same time, with so many indirect effects, ranging from transport costs to fertiliser and food. + +Two thirds of the quarterly increase in prices came from four items. In order of effect on the index: cost of new dwellings (up 5.7 per cent), fuel prices (11 per cent), university fees (6.3 per cent) and food (2.8 per cent). + +Of those, only new dwelling prices can be attributed mainly to strong demand, coming from the now-ended HomeBuilder stimulus measure. The rise in uni fees was a decision of the Morrison government. + +America’s economy is “overheating”, but ours isn’t. It’s true our jobs market is very tight, and that much of this strength is owed to our now-discontinued stimulus measures. + +But, paradoxically, the economics profession’s ideological commitment to growth by immigration has blinded it to the obvious: job vacancies are at record levels also because of another pandemic-related supply constraint: our economy has been closed to all imported labour (and we even sent a fair bit of it back home). This constraint has already been lifted. + +The thing about supply shocks is that they’re once-only and not permanent. So, left to its own devices, without further shocks the rate of price increase should fall back over time. Petrol and diesel prices, for instance, have already fallen a bit but, in any case, won’t keep rising by 35 per cent a year year-after-year. + + +It’s sloppy thinking to think a rise in prices equals inflation. The public can be forgiven such a basic error, but professional economists can’t. A true inflation problem arises only when the rise in prices is generalised and is ongoing. That is, when it’s kept going by a wage-price spiral. + +When a huge rise in prices, from whatever source, leads to an equally huge – or huger – rise in wages, which prompts a further round of price rises. That’s inflation. + +In their panic, business economists have assumed that the loss of employee bargaining power we’ve observed in most of the years since the global financial crisis, which has done so much to confound the econocrats’ wage and growth forecasts, and caused inflation to fall short of the Reserve’s target range for six years in a row, has suddenly been transformed. Union militance is back! + +Really? I’m sure employees and what remains of their unions will be asking for pay rises of at least 5 per cent this year, but how many will get anything like that much? They’ll all be on strike until they do, you reckon? + +They’re safe to get more than the 2.3 per cent they got in the year to December, according to the wage price index, but the greatest likelihood is that real wages will continue to fall. And the cure for that is to raise interest rates, is it? + +It is true that, if wages rose in line with prices, we would have an inflation problem, but how likely is that? + +There’s been much concern about stopping a rise in “inflation expectations”, but this thinking involves a two-stage process: in expectation of higher inflation, businesses raise their prices. And in expectation of higher inflation, unions raise their wage demands. + +All the sabre-rattling we’ve seen by the top retailers and their employer-equivalent of union bosses – so breathlessly reported by the media – suggests they’re increasingly confident they can get away with big price rises. But how much success individual employees and unionised workers have in realising their expectations remains to be seen. + +Perhaps in this more inflation-conscious environment, employers will be a lot more generous – more caring and sharing – than they have been in the past decade. Perhaps. + +The Reserve is under immense pressure from the financial markets, the bank and business economists, the media, the actions of other central banks and even the International Monetary Fund to start raising interest rates. + +It will, with little delay. It must be seen to act. But whether it’s at panic stations with the media and the business economists is doubtful. And you don’t have to believe the inflation genie is out of the bottle to see that the need for interest rates to be at near-zero emergency levels has passed. + +As BetaShares’ David Bassanese has predicted, the Reserve will be “not actively trying to slow the economy, but rather [will] begin the process of interest-rate normalisation now that the COVID emergency has passed”. Moving to “quantitative tightening” will be part of that process." +I’ve seen a lot of post talking about how it’s one of the best debts you’ll ever get as it only increases with inflation, but what if I’m also financial able to pay them off upfront? Would it be worth it then? + +I’m also not very financially literate :’( so I haven’t got a clue about what other things I could be using the money for. + + +from a confused uni student.. +Just read an article about a survey of investment managers and almost all of them said they thought the probability of a correction in the next six months was high. + +So I'm trying to figure out, would I change how I wheel if I agreed with them. There are lots of ways to adjust but maybe bring in the DTE from 30 - 45 to 15 - 30. Maybe smaller delta or higher cash (I'm currently 23%), I don't know. + +Anyone have experience/data/backtest around this? For a 10% correction, three to four month duration according to Investopedia, not for a crash. + +Edit: as someone pointed out, tech stocks went down 10% or more already. So what happens when it's SPY down 10%? That's PLTR & ICLN (I own both) down 30%+ maybe. Do I change my wheel? +I’m up 15% for the year. + +Worst time was the beginning of the war. I had short positions in everything that went crazy. Oil from 80 ->125, gold 1600->2000, wheat 800->1900 but somehow I survived. + +How’s your year? +Hello! I've been working to define the mechanics for an income-strategy on an account that I have a 30+ year outlook on with an expectation of a largely sideways market for the next 10-20 years. + +I know the standard advice for cash-secured puts is to focus on \~15 delta, \~45 DTE and close at 50% / 21 DTE but I'm curious what y'all think of the following: + +**Sell 1x 30 DTE ATM CSP on QQQ every week to capture max extrinsic value. Hold until assignment or expiration. No rolls, no SL.** + +As it's 30 DTE, there will always be \~4 open CSPs generating theta returns staggered in terms of strike and DTE. + +I am willing to get assigned up to a maximum of 12 contracts. + +So the obvious risk is an extended bear market, getting assigned on all 12 CSPs across several months, lowering cost basis but locking up funds to generate returns only from CCs, potentially very small if the cost basis is well above current market price (ahem.. 2022..). I figure similar could be said with any type of short put strategy targeting regular income, regardless of DTE strike or trade management (stop loss, roll, ride til expiration, etc), just a difference of whether the losses are realized or unrealized. + +To avoid being assigned on all 12, I've got a sliding scale of delta aggressiveness for selling CCs. The fewer CSPs that have been assigned, the lower the delta for CC so can capture some intrinsic value. The more shares that are assigned, the higher the delta as don't want to get stuck holding for extended period. + +If/when assigned on the full 12x contracts then in 'Repair Mode' and selling CCs as aggressively as possible to get out at least at net cost basis \[Average CSP Strike minus all premiums generated from selling CCs/12\]. + +Have just started collecting data but based on my understanding so far this strategy: + +* Will underperform buy/hold in bull market as never collecting any intrinsic value. +* Outperform buy/hold in neutral market as collecting a ton of extrinsic value when a buy/hold would just be going sideways +* Outperform buy/hold in bear market as constantly lowering cost basis + +The ultimate goal is to capture 100% of the ATM extrinsic value from the CSPs. Any income generated from the CCs (as premium or capital gains from OTM CCs getting assigned) is bonus. + +NOTE: I'm working on a Playbook for this setup and will share it as soon as it's done. In the meantime, any feedback on the idea conceptually is much appreciated! + +TLDR; Sell 30 DTE ATM CSP on QQQ every Friday. No rolls, no SL. Max 12 bullets. If assigned 12x then max delta CCs to get out ASAP and continue selling CSPs. +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. +Although backratios collect a little premium, this seems a rather pedestrian and unoriginal strategy. Please share your End Of The World hedging ideas. +Today I bought 500 shares of RKT and sold 5 ATM/OTM covered calls and one OTM covered put. Doing thing I collected over 2k in premium alone. My only question is, are there any risks to this trade that I don’t know about? So far these seem to be my options: + +1. RKT price is between put and call price so I get to keep shares and full premium + +2. RKT skyrockets and blows past my call strikes. However, all of my call strikes are above my cost basis for stock so they would be called away at a profit, I would just be missing out on gains i would’ve got if I just outright owned the stock without the call options. I would also keep all the premium I received. So in the end, there is no upside risk (is this correct?) I am fine with having my shares called away. + +3. RKT takes a nosedive and blows past my put strike so I am assigned shares and keep the premium from all the options I sold. However, I would take a loss on the shares that I own and would be stuck bagholding until the stock recovers. I’m not too worried about this as I’m bullish long term on RKT + +I know if I’m bullish long term I should just buy and hold shares but collecting over $2k of premium for 20ish days of waiting is very appealing and I just couldn’t pass it up. +I've been having pretty good success, making ~1-2% per day, selling 1-2% OTM, 0 DTE S&P500 INDEX (SPX) on sell offs and call spreads after rallies. Sometimes I buy to close a $0.05 just to take the profit and take off risk of something funky happening into the close. I'm looking to collect 0.20 - 0.50 cents per contract (selling $10 apart, i.e Short 4400 put, Long 4390 put). + +If the market opens up or down, I wait for it to continue to move in whatever direction it goes. I wait until I feel like it's extended and when another 1-2% selloff would be very unlikely. If it opens up, I let it rally until it seems like it's a bit exhausted for the day. Then sell 0dte call spreads. + +Anyone else doing this as a daily trading strategy? +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. +$2,400 cash, I could sell my PLTR but preferably if it gets to at least $25.5 I'd about break even with all the CC I have done with it but not super fond of the meme stock. So I could have close to $5,000 to do a CSP on something I would prefer to have more, something like CHPT, BLNK, any other suggestions? Looking for solid companies that still might have good premiums over meme stocks. +What are your strategies for managing losing trades? I've been tracking all my metrics and have managed to improve my win/loss ratio, increase my average win price, and reduce my days held, but I'm still struggling with reducing my average loss price. + +In general I notice that I cut my losses too early and that the price tends to rebound a bit after I sell at a loss. + +For example right now I'm struggling with what to do with this trade: MARA 5/21 CSP $42. Sold for $7.50, currently sitting at $12.05, so right now the trade is sitting at -$455 (-60%). My breakeven is $34.50 and it's currently sitting at $32.30. + +Based on those numbers it seems like the right decision is to wait it out. It would have to drop to $29.95 by assignment for me to increase my losses further. But of course that's a very realistic scenario and now I'm just trying to time the underlying, which is not a great strategy. + +I like to use a mechanical playbook but haven't found a good system for managing losses. Curious to hear thoughts from those with more knowledge than me. +Sold my first cash secured put for MSFT + +strike price 205 + +expiry 10/30 + +2.65 premium per share + +mostly just wanted to tell someone. Also, if yall could post some of your favorite sources for leaning more about this stuff it would be greatly appreciated +I’ll start. I went to sell an SPX spread(more than likely to algos) 1 min before expiry. Keep in mind I’m on mobile because I was at work. I set it up, see my credit, I’m stoked and I send it off. I watch VERY intensely for the price to stay above my strikes(PCS) and it did! But oh no! I didn’t STO a PCS, I BTO a PDS. Kicked myself very very hard for that one. + +What dumb things lost you money? Any slip ups or oversights that led to losing money? Buggy apps? Lapses in judgement? +>Wood’s main exchange-traded fund, which trades under ticker ARKK, fell 12.6% this week, for its worst week since February. Ark Innovation dropped 5.5% on Friday. + +She also said "her strategies are set to quadruple over the next five years, after their underperformance this year." + +Do you buy into that? Or you taking Anti Ark path? + My in-laws are in their mid 50s and they were asking if we knew of anything to invest in. + +They are farmers who were taught that they would lose everything if they invested in the stock market and invested in GICs which they faithfully did. I think they did invest in mutual funds for a while but they got out of them when they realized it was a waste of money. My father-in-law is a micromanager when it comes to the money and that whatever they invested in, I can tell you that he would probably check it every day and start to panic when it goes evenly slightly downward. + +They've done well enough in life but I suspect that it's because they saved a lot of their money and not from actually creating wealth (my FIL never bought Office365 for their computer but got a free-version which is way worse but then they bought a fully loaded mid sized SUV in cash...). They got quite a bit from my father-in-law's father because my FIL was an only child and his dad was a penny pinching farmer too. + +I'm just wondering if the Bogle approach would be best for them because they are pretty ignorant when it comes to the stock market. Or is it worth the stress for them to invest at all even the characteristics that they have. Plus, if the market tanks, they'll blame me (not actually but they would be thinking it). + +My guess is that they would be looking to retire in 10-15-20 years. Maybe a retirement fund would be best? They would probably do lump-sum investing at the start. I think for them, protecting their capital would be the most important thing and using the standard formula, most of their money should be invested in bonds since they are close to retirement. I looked and in Canada, we have a new Vanguard ETF called VRIF: [https://www.vanguardcanada.ca/advisors/products/en/detail/etf/9870/balanced](https://www.vanguardcanada.ca/advisors/products/en/detail/etf/9870/balanced) + +Any thoughts? Thanks in advance. +Once the war started my XEQT performed worse than my VFV. I was up about 1k+ on both and XEQT dropped to the negatives whereas VFV I was still positive. I'm back to 1k+ on both, but have been thinking of divesting XEQT to more VFV or buying XEQTs holdings and less emerging markets. Thoughts? +Im personally looking into Bitcoin, but since its so expensive a cheap way to play seems to be ETFs. Problem is, all these ETFs literally came out last week LOL. + +Im looking into hedged vs unhedged ETFs. But from what I understand hedged protects you from fluctuations, how does that work? So if the price goes up for BTC, does the price go up for BTCC.B, because I heard it seems to not be correlated. +Hey everyone. So I have roughly $10000 in a account that is just sitting there after a sale of a truck. I already have a big portfolio in individual stocks. I am looking for some ideas or suggestions what I should do with this money. I might need it for emergencies one day or need to pull it out to buy something big soon. Just don’t want money not making me money +To take advantage of low interest rates, let's say I put 50k in a TFSA and borrow another 50k on margin, at IBKR's interest rate of 1.5%, then put it into a very safe dividend stock or ETF returning 6% + +* Expected dividends are $6k / year +* Interest is $750 / year + +Ignoring IBKR's monthly fee, the 6% dividend effectively becomes 10.5% tax free. Seems like free money, so why am I wrong? +Hi. I'm planning to get HYLD (Canadian hedged). Should I keep it in TFSA or RRSP since it holds US stocks and the dividends may be subjected to withholding taxes? Thanks. +How does the present value of future cash flow affect the stock price, i.e why are more buyers willing to pay more for a stock when they expect the company will earn more (esp. in the case of non-dividend paying stocks)? +That deadline being the Federal Reserve Annual Stress Test. + +Remember last year’s shitshow where they did a test in Q2 2021 using the data from October 2020? Well this April (report due late June) they’ll have to submit their data from October 2021. +We often hear about the financial costs of attending graduate school, both in terms of reduced income and opportunity costs. Based on many posts I see in this sub, it looks like we (33M, 34F) are on a decent track to be FI someday, but nowhere near what others have managed to save by getting a job right out of undergrad. + +It would be great to hear some stories on the FI journey for those of us “late bloomers” to earning/investing. + +For example, I did a PhD and PostDoc (7 years in total) following undergrad and therefore did not have a “real” job until I was 28 years old. In 5 years we’ve managed to sock away about $300K (net worth excluding home equity) mostly by living like pauper grad students, having a bull market, and having my decent salary $110-150K (Boston biotech). My wife uses her salary (70K) to pay for family expenses and pay off our student debt (just made our last SL payment!!). Any other PhDs care to share their stories? + +It may also be good to share these stories with other subreddits where prospective graduate students can weigh the financial implications of their career path. +This is a challenge to everyone here. + +Lately I’ve seen a lot of new folks joining this lovely sub, and I’m seeing a lot of the same newbie things we all go through: tons of indicators, lots of moving averages, and esoteric strategies that are “guaranteed” to work based on some YouTube guru that you gotta pay $199 a month too🤦 + +In my short journey I’ve gone through that too, and paid for those courses, fancy Trading View indicators and chat rooms. I even bought the fully loaded version of Bookmap with all their stop and sweep indicator stuff. Yet, I ultimately found myself suffering from analysis paralysis. + +Then one day I just turned them all off and I found my win rate and expectancy increasing! I took it a step further and I don’t even have green or red candles now, just a light grey/blue against black; dimmer for down and lighter for up candles. That, paired with the high, low, mid and VPOC of the day give me enough of a sandbox to play in. The rest is price action. + +So my challenge to you: can you trade without indicators? Or at least significantly less? + +Good luck traders! + + +EDIT: + +Someone asked what is price action and how do you trade with it. Here’s my post reposted here for posterity: + +- + +This is actually a great question that sent me on a year long quest to answer. + +First, you can google candle stick pattern charts/ price action charts that show some typical ways that candles stack next to each other. A famous one is a double bottom/top. It basically looks like the candles make a W. Logically if you see the firs V of the W, then the next time price enters the bottom of the V you could enter that bottom tip of the V. + +But there’s so much more to it! + +For one, I use Tick charts. In essence, after 2,000 market orders of /ES, a new candle is drawn. This is regardless of _how_ many lots (contracts) those 2,000 orders each had. For example each person could have bought ten lots, then that candle would be drawn after 2,000 orders but the volume would report 20,000. + +Anyways, remember that W I talked about earlier? As price starts to form the second bit of the W, _the speed of the orders_ starts to be important too. You can literally see/feel the transactions come through as the W is formed. The more the orders fly through, the faster the W forms. The slower the orders fly through, the slower the W forms. That momentum is incredibly important because if it doesn’t slow down at that V tip, then you may hesitate to take the Long position there. You may get quickly stop picked (a common thing in /ES) that eats your position. The W looks more like a little v with a giant V next to it. + +Eventually that momentum peters out and you see big volume and momentum (speed at which the candles form) come in and push that final tip of the giant V into formation. + +Now do you enter as it begins the upswing? That’s up to your risk parameters and trade plan. + +Price action is quite literally that. How the price reacts and moves. A lot of people have their opinions on the kind of candle to use. For /ES futures I use a 2,000 tick chart. It works for me. I do observe on hourly and daily charts too to get overall market sense. But the tick chart is where all the magic happens for entering and observing for me. + +Can you do this on a time based or renko based chart? I genuinely have no idea. I haven’t used a non tick chart in almost a year. Perhaps someone with more experience can answer :) +So I've seen multiple opinions from traders and analysts when it comes to trading bear markets. + +Some will tell you to use these times to learn how markets move, understanding a bit of Trend Following strategies and DCA to gradually start building stronger positions. + +But I've also seen some focusing on different aspects which I consider are also highly important. Like starting to understand your trading personality and how to not fall for fear or greed. + +I believe bear markets are where the best opportunities are found, but given their volatile nature, it's also where most beginners quit. + +What would be your top tips to share with beginners who struggle with building a consistent strategy during these times? +https://insight.bitpay.com/address/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX + +https://live.blockcypher.com/btc/address/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX + +https://btc.blockr.io/address/info/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX + +No other block explorer has shown Satoshi's coins move. + +Please remove blockchain.info from your bookmarks and never use them again. + +Do not mention their name to new comers. Let this severely inept company die. + +------------------------ + +Update: It has been found that blockchain.info was accepting and reporting transactions without even checking if they are valid. If you have been using blockchain.info APIs, it has been at your own peril. + + + +Edit: thanks everyone so much! So many things to go through . Will make a big list of it all and put things in order of importance. Y’all make life so much easier. + +Just moved into a nice new apartment with 2 girls. I let them handle the decoration and me handle turning our home into a “smart” home and getting essentials. What are things that we should invest in (decent vaccum, air purifier) and what are things that we can just go cheap on (cleaning supplies) + +The apartment isn’t furnished at all so we are adding. Furnitures will be cheap things only, we have a cat and a gunei pig. + +My thoughts were that a nice vaccumm would be probably a good idea, but what are y’all’s thoughts, to make life easier for all of us. Security system? Washer and dryer? (We don’t have one) +Just read about it in Swedish newspaper! This is really good news for bitcoin. Please note that this isn't exactly a "ruling", more of an advice that EU most likely will follow (according to article). +Hopefully I or someone else can follow up this post with an link to some information about this in English. + +UPDATE: +Official documents: +http://curia.europa.eu/juris/celex.jsf?celex=62014CC0264&lang1=en&type=TXT&ancre= + +Am moving overseas (from California, USA) in 2019 and from what I gather, I need a US based address for US Investment accounts, including credit cards. I travelhack for fun (and $avings) so these credit cards are important to me. I rely 100% from passive income from US based investment portfolio. Using friends or family is not an option. + +Edit: establishing domicile/ residency in a no-income-tax state is important as I also like to sever fiscal ties with California as its tax implications are quite material to me (my dividends are taxed in CA as ordinary income). I also plan to do substantial Roth Conversions and LT Capital Gain harvesting so state tax becomes significant expense. + +Summary of what I plan to do - thanks to helpful responses below: + +Establish residency/ domicile in Florida (one of seven no-income-tax states) first before moving overseas. I looked up FL residency requirements and I may have to demonstrate living there for at least six months to really sever ties with my old friend, California. Overseas move (to France) will just have to wait a few months later than planned. I think that is worth it - time I have plenty.... LOL! #FIREisFreedom! + +Thanks all! +Bitcoin isn’t GameStop; it will never be GameStop. We aren’t here for short term profits, we are here to revolutionize the world. Please stop posting wallstreetbets style posts about Bitcoin. If you are looking to get rich quick, this isn’t the best subreddit for you. +Hey /r/pf + +I think I'm about to get canned. I made a mistake and I think I'm about to get fired for it. I don't hold it against them in any way, I made the mistake. + +What I want to talk about today is the importance of an emergency fund. I was freaking out an hour ago about how I was going to handle things. How was I going to put food on the table? + +But I have a three month emergency fund. I ran through the numbers, and I will have enough to get me through half of April (rent covered for April, other expenses not) so I at least have a roof over my head for four months. + +And all that assumes I don't have any income the next three months. + +I have a sought after degree, and to be honest I hated this job. The mistake I made was about something stupid (edit: stupid on my part) I was never trained for. I should have taken steps to avoid the situation, but I know now what to do and how to avoid it in the future. I won't be doing it again. And it isn't something that would affect any other company I would work for. + +Just a real life reminder: emergency funds are important. + +Best part? The savings will go through the lease period on my rented house, so I can move someplace cheaper at the end if I need to without breaking contract and having fees. Friends can help me move. + +I can stay in my house for four months. I won't be on the street. You have no idea how calm I can be now in the face of this situation I put myself in. I'm going to get fired. But that doesn't mean my life is over. It doesn't mean I can't still move forward. I don't think I would be able to push forward if I didn't have this fund. + +Don't put it off. I wouldn't have expected this to happen two weeks ago. It took six months to save this up. It is worth it. + +TLDR: all expenses covered through March. Rent covered through April. Not scared stiff about the future. Scared, but in the useful "I can beat this" kid of way. + +------ + +Edit: + +I'm at home today. I'll find out Monday what happens. + +This post was supposed to be more about spreading the word about emergency funds and why they are necessary than it was about my work issues. + +Thanks for the kind words. I know I messed up. I know my senior coworker messed up. I know the process guy messed up. I'm not putting blame on any of us. We all had a role in what happened, we all had responsibility. We all made bad choices. + +I'm just glad I don't have to worry about where to sleep or what to eat. + +---- + +Edit 2 + +What I did: + +http://www.reddit.com/r/personalfinance/comments/2r3xs7/emergency_fund_is_about_to_save_my_ass/cnc9vka +So the couple who own the place I'm renting are new landlords. My place is their first investment property. They bought in April 2018 for $425K. + +They had to do some repairs to the place - replace the pipes underneath the house that were rusting, fix some window springs. + +I was curious whether they'd hold on to this place because house prices have been dropping and they pretty much bought at close to peak. + +Well, today I found out - it's going on the market for an after Easter sale. + +They will have owned the property for just one year at that point. + +To me, they're clearly bailing out of a bad investment. The writing is on the wall as to property price drops in this area. + +Going to be interesting to see if they can manage to sell it and recoup their money at all. + +My lease is in place until August so I have until then at least but given all the other places I've ever lived I guess I'll be moving house once more... which again is pushing me to buy a house because I'm pretty fucking sick of it, honestly. + +So, I'll update come April and see what price they get... or don't get. +Hi everyone, + +&#x200B; + +I run a food and beverage distribution business where we sell product brands to cafes, restaurants etc. + +Since the lockdowns, it feels like a major roadblock. + +&#x200B; + +Anyone here in a similar situation? And what are you doing to stay productive for your business? +I really felt like sharing this, please don't take this as gloating or bragging, I know many of you are struggling, but hang tough. I thought I would never escape constantly feeling like I was one accident or one medical emergency away from financial ruin. + +I was in the army years ago, I was discharged through no real fault of my own, and my commander recommended I receive an honorable discharge. up until now I didn't think I qualified for any of the benefits but it turns out I did, and got approved for 60% GI Bill, which comes with a very generous housing allowance. as well as paying tuition. + +I also got very fortunate that during covid the stimulus checks and enhanced unemployment benefits really padded my meager savings, combined with the rent relief programs in my area, I lived rent free for a year. + +Earlier this year, AMC stock was poised for a massive increase in price, or so they told me over at r/wallstreetbets. I decided to risk 3k. I knew the risks and consequences, and I accepted them. Ive never really had money to invest, and I wanted to try my luck. I got in at around $26/share and sold at around 66ish. It nearly tripled my investment, and with no income the prior year ill manage to avoid capital gains tax. + +to top it all off, I've just received an offer for a job, salaried, for about 50k/yr. I don't even think ill be able to last 3 months since now my concern is school, I'm gonna be getting paid to go to school so I might as well dedicate myself fully to it. if I can manage the job and school ill do it, but I don't intend on burning myself out. ill be studying computer science at a local CC, with hopes of transferring to a local state uni. + +I don't really have friends so reddit is the only place I can share my recent good fortunes. + +I'm sorry if I went on a rant and thank you for making it this far. + +edit: thanks so much for all the kind words, they really mean a lot. +### Intro + +Many people on this sub swear by keeping a spreadsheet of their financial history rather than relying solely on outside trackers such as Mint, Personal Finance, or YNAB. I am solidly in that camp, since I feel the process of making my own spreadsheets gave me strong insight into how all the gears of my personal finances mesh together. But there's definitely a learning curve. + +This post is to present 3 tips and tricks that you may find useful when putting together your own spreadsheets that are specifically relevant to the pursuit of FIRE. They all work in both Excel and Google Docs. + +I've created a companion Google Docs spreadsheet with implementations and descriptions of all of these for you to follow along: https://docs.google.com/spreadsheets/d/1_rNLXoZx06P2RJRwsO9RDeXKfxAV_ZdbJRpoCGkL6kQ/edit?usp=sharing + +Let's get started! + +---- + +###1) How to Find Monthly Interest From Yearly Interest + +This is a mistake I see over and over again. If your yearly interest is 10%, your monthly interest is just 10%/12 = 0.83%, right? Wrong.^* + +This arises from forgetting that interest is compounding, and builds upon itself exponentially. Let's look at it in reverse. Here is the well-known compounding interest formula: + + 'Yearly Interest Rate' = (1 + 'Monthly Interest Rate)^12 - 1 + +Once that makes sense, going from yearly interest to monthly interest is the exact same formula shifted around. In the end, you get your monthly interest rate as: + + 'Monthly Interest Rate' = (1 + 'Yearly Interest Rate')^(1/12) - 1 + +If your yearly interest rate is 10%, the monthly comes out to 0.80%, which is roughly a 0.04% difference. Now this doesn't seem like much, but if you're projecting growth out 10 years then the difference at the end of those 10 years can be huge. Check out the spreadsheet to see how this plays out ([pic](http://imgur.com/U7wxb9k.png)). + +\* As /u/shinypenny01 pointed out [below](https://www.reddit.com/r/financialindependence/comments/5cmanl/tips_and_tricks_for_your_fire_spreadsheets/d9xvoms/), this doesn't apply to APR. For that you would simply divide the annual rate by 12 to get the monthly rate (if interest accumulates monthly). + +---- + +###2) How to Find the Time to Hit Your FI Number + +Assume you have $100,000 sitting in an investment account. You want to know when it will hit a target balance such as your FI Number. For this example let's say you want to reach $1 million. Let's also assume the investment returns 7% each year after inflation. How long will it take for that investment to reach the target balance? + +**Case 1:** You're not going to touch the investment at all and will let it "coast". + +Since this is simple exponential growth, you can start with the formula for compound growth: + + 'FI Number' = 'Initial Net Worth' * (1 + 'Yearly Rate') ^ 'Years to FI' + +By doing some algebra to solve for time, you end up with the formula: + + 'Years to FI' = LOG('FI Number' / 'Initial Net Worth') / LOG(1 + 'Yearly Growth Rate') + +In this example, you'll see that it will take 34.0 years to coast to FI. + +**Case 2:** You are in the accumulation phase of the FI path and are adding money to the investment every year. + +The above approach won't work here because there is a jump in value of the investment each year when you add money. Luckily, there is a built in function NPER() which will solve this for us. NPER() stands for Number of Periodic Payments, and was designed to calculate time to pay off a loan that is accumulating interest. Thankfully, with a few tweaks to the inputs it works just as well for calculating time for an appreciating asset to hit a target value under periodic contributions. The way to use this function to find the time to hit a FI Number is like this: + + 'Years to FI' = 'NPER('Yearly Growth Rate', -'Yearly Contribution', -'Current Net Worth', 'FI Number') + +Note the negative signs in the function. This will also work for Case 1 by setting the yearly contribution to 0. + +If you are contributing $30,000/yr, you can see that in this scenario it will take 14.7 years to hit FI. See how both these cases work in the spreadsheet ([pic](http://imgur.com/oWq4xNo.png)). You can scroll down to check that the years to FI are calculated correctly. + +---- + +###3) How to Find the Average Market Return for Your Investment + +Say you have $100,000 sitting in an investment account at the beginning of the year, and you contribute $2,000 to it each month. The market will fluctuate, and since your investments won't exactly track any one market index, you want to know what it has been returning for you. There are two ways to do this. + +**Option 1:** + +You can calculate the change in the investment balance each month, and subtract out your contribution to find the change due to market movement over that month. From there you can simply divide the monthly starting balance by the market movement to find the monthly return. The annualized return for that month is then (1+'Monthly Return')12 - 1. This approach is more 'human readable'. + +To find the average return, you need to take the geometric mean (not the mean!) of these returns. GEOMEAN() does not work for negative numbers, so you need to add and subtract a 1 to the returns for this to work. And in order to add a 1 to a range of numbers, you need to make this an array formula. In Google Sheets this is: + + 'Average Return' = ARRAYFORMULA(GEOMEAN(1 + 'Range of Returns') - 1) + +In Excel, array formulas are entered differently. Type in the following formula and press ctrl-shift-enter: + + GEOMEAN(1 + 'Range of Returns') - 1 + +**Option 2:** + +The function XIRR() (Irregular Internal Rate of Return) is built specifically for this. It does however requires a column with some varying formulas. See the rightmost column in the linked spreadsheet for how to set this up, since it's hard to communicate in prose ([pic](http://imgur.com/nigHfSX.png)). Once you do, the formula is simple: + + 'Average Return' = XIRR('XIRR Column', 'Date Range') + +These two options won't give identical results, though they are very close. XIRR() is more accurate since it doesn't assume each month is exactly 1/12th of the year. You can refresh the spreadsheet to regenerate the random market returns and see the differences. + +---- + +### Conclusion + +I've gotten a lot from this sub, and I hope people find this bit of giving back to be useful. If I've messed up any formulas here or in the sheet, please comment so I can go back and fix them. +http://www.bbc.co.uk/news/av/uk-england-birmingham-42732753/carillion-worker-with-a-fiver-left-to-his-name + +This right here is why everyone should have an emergency fund. + +Yes, I'm sure Carillion bosses have made some monumental mismanagement mistakes (and it is absolutely right that they be investigated), but each and every one of us has a responsibility to ourselves to manage our own financial situations to make sure that we can survive something like this. +To anybody out there with a credit card debt please make sure you clear this up before you start investing into crypto. It's kind of counterproductive to invest in something when you already have an outstanding debt. + + I know it can be like pulling teeth trying to pay this down and pay it off but the sooner you do you'll have more money to invest into crypto and your gains will be that much more real. The gains that you make off your crypto will be overwhelmed by the interest you're paying on your credit card in most cases. + +Now I'm not saying don't invest into crypto what I'm trying to say is maybe put a bigger portion into paying off your debt while a small portion is going into your investment. + +The soon you do this, the closer you will be to financial freedom, this leaving you more money to invest. + +Edit: I am not a financial advisor and this is not financial advice do as you wish with your money. +Does anybody have this study? +[From CNBC](https://www.cnbc.com/2019/11/11/bofa-says-these-are-the-10-biggest-investing-themes-for-the-next-decade.html) + + +KEY POINTS + +Bank of America global strategist and head of thematic research Haim Israel releases a list of the top 10 themes to watch over the next 10 years. + +The firm says the coming decade will be “unlike any before it” as the world’s social, environmental, political and economic systems face “escalating challenges.” + +Among the themes to watch are peak globalization, recession risks, demographic shifts, automation advancements and a rise in moral capitalism. + +With the decade drawing to a close, Bank of America has identified 10 important investing themes to watch over the next 10 years. Underpinning the list is the tectonic societal shifts that the firm anticipates will play out over the next decade. + +The firm said the coming decade will be “unlike any before it” as the world’s social, environmental, political and economic systems face “escalating challenges.” Megatrends will reach their boiling point in the 2020s, which will lead to changes in how governments, companies, markets and society more broadly operate, BofA predicts. + +“We expect the 2020s will overhaul old paradigms, disrupt business models, and produce new trends that will shape our future. In the next 10 years, we should see increased automation, a global recession, unprecedented innovation, serious environmental challenges, the death of quantitative easing, tectonic shifts in demographics and the end of globalization,” Bank of America analysts led by Haim Israel said in a note to clients Monday. + +CNBC was granted permission to publish the full list. + + +10 themes for the next 10 years + +Peak globalization + +Recession + +Quantitative Failure + +Demographics + +Climate Change + +Robots & Automation + +Splinternet + +Moral Capitalism + +Smart Everything + +Space + +Source: Bank of America +Just now, US CPI has offically been released and comes in at 8.5%. That's a good margin below the estimates of 8.7% and massively below last month's CPI of 9.1%. Markets will now probably start to rally. And that lower inflation was crucial for Crypto to continue its rally and expand it further on. + +Also in my yesterday's post about inflation numbers I layed out the scenario of a lower than 8.7% inflation and that will mostly happen now. + +It has especially been important as the FED will have no arguement at all now to do a 100bps hike and weay be looking at a 50bps hike next month that could make markets pump even more as the FED is looking to pivot now. Who knows whether inflation has peaked now bit the US government will definitely make it market like that as we are going into Midterm elections. Crypto will have less moving forward from the FED and a reversal, at least for now, is actually possible. +Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind. + +What is it: + +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: + +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +Testnet is live and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. Also you can earn passive income on your [$ZNN](https://twitter.com/search?q=%24ZNN&src=cashtag_click) Avg 55% APY. No need to send it anywhere stake it yourself on your own pc. + + +A community member wrote an elaborate guide about the available information out there: [https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef](https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef) + +GL anon, Alphanet is launching Zoon. +I'm (trying) to pose a question purely from curiosity, but in the interest of clarity, I should say that M1 Finance is the brokerage I'm referencing. They offer a 2% margin rate with a $125 flat fee per year, which means for any five-figure account this is probably worth it. + +Now my question is, assuming that even fairly conservative index funds average about \~6% returns per year, does it make mathematical sense to maximize margin if the rate is lower than this return? + +Sure, in down years you're paying an extra 2% on your losses, but if we trust historical data than the down years are few and far between and returns should be in your favor over time. +Some background: +I am fortunate and have a healthy monthly wage to live on and a secure job, along with reasonable savings. Whilst I am by no means rich, it does not impact my lifestyle to part with a few thousand and I would always happily do so if it helped a friend out. + +My friend (late 20s F) has been living pay check to pay check for the last few years I gather and rents a small one bed flat for approx 1k a month Inc. bills. She's been off work and on stat sick pay (£80p/w) so hasn't has the income to cover rent/bills. Last month I lent her the money to cover her rent and bills (she did not ask but I offered) and she thought she'd likely be back up on her feet and able to pay this month's rent. + +That has not happened so she's back in the same situation as before. I am not sure that she can be certain too that it won't happen next month as well...so whilst I'd be happy to lend her another month's rent, it seems to me a more perm solution is needed. + +Can someone tell me generally speaking what the emergency housing process is like for someone facing eviction due to illness leading to lost wages? + +Thanks so much in advance!! +I bought during a stamp duty holiday with 10% down 3.2% and have around 4 years left on fixed rate (was a bit of impulsive buy, since the property was really good). + +I got an emergency fund, can afford to overpay but currently choosing to max isa/pensions. Should I overpay? + +More particularly, i am aware of a usual investing vs overpaying arguments, i am trying to understand - am I ‘lucky’ to have ‘good’ debt in inflationary environment? +UPDATE 3: Still a moron, but I’ve been thinking about the enormous number of people that have been phished via Google ads. There are far too many stories similar to mine for Google to not be held accountable in relation to this type of fraud. Please reach out if this has happened to you, I would like to organize a class action against Google to ensure they prohibit scam ads from getting placement in their search returns. + +UPDATE 2: I AM A FUCKING MORON. I entered my seedphrase into a fake Trezor site. + +[https://www.reddit.com/r/TREZOR/comments/e1a9o1/fake\_trezor\_website\_all\_funds\_lost/](https://www.reddit.com/r/TREZOR/comments/e1a9o1/fake_trezor_website_all_funds_lost/) + +this\^\^\^ is exactly what happened to me. + + +UPDATE: See thread with u/[pink\_raya](https://www.reddit.com/user/pink_raya/) + +I had a little over a full BTC stolen from my hardware wallet just under a week ago, and just discovered so this morning. I was phished by a site running a Google ad that was posing as Trezor web UI. Typed in my seed like a dummy. I've filed an IC3 complaint, as well as filed a claim with Coinfirm's Reclaim Crypto. + +I'm not holding my breath waiting for my coins to be returned to me, but if there are any other avenues by which I might increase the likelihood of getting my coins back, I'd love to hear what they are. + +And if by chance a benevolent cyber-sleuth is reading this, the TX ID for the transaction is + +7f851490917a9384b3223ea13c8460cb880dfb62f0858b8e51aafa3a295b43e2 + +Home +Industries +Banking +Outside the Box +GET EMAIL ALERTS +Opinion: Wells Fargo auditors could soon deliver another blow to the bank +Published: Feb 18, 2018 10:15 a.m. ET + + 3 +Investors should watch for KPMG’s opinion on the bank’s internal controls by around March 1 + +Getty Images +By + +JEFF +JOHANNS +Wells Fargo investors have learned a lot about the bank’s worsening issues recently, but they should be watching carefully over the next couple of weeks for possibly more bad news — from the bank’s auditors, KPMG. + +KPMG must opine on Wells Fargo’s WFC, -0.12% internal controls by around March 1, and investors might not like the answer: the very real possibility of an adverse opinion from the auditors identifying material weaknesses in the bank’s controls. + +On Feb. 2, the Federal Reserve Board released a consent cease-and-desist order that requires the bank to improve its governance and risk-management processes, including strengthening the effectiveness of oversight by its board of directors. The Federal Reserve Board stated that the “firm did not have an effective firm-wide risk management framework in place that covered all key risks.” + +That Wells Fargo is in a dark place right now should be a surprise to no one. Recent reporting by The Wall Street Journal, a review of filings with the SEC and other public disclosures have raised significant concerns about material weaknesses in its internal control over financial reporting at the end of 2017. + +https://www.marketwatch.com/story/wells-fargo-auditors-could-soon-deliver-another-blow-to-the-bank-2018-02-12?siteid=yhoof2&yptr=yahoo +Hi All + +I thought I would share the way I manage to save money. + +I have always struggled to save and no matter how much I earn I’d always end up in my overdraft every month. After a lot of trial and error I have discovered the way that works for me. It involves paying myself on a weekly budget and utilising online bank accounts. + +I get paid into my normal UK current account and have all my direct debits running from here so they are looked after. I then give myself a weekly budget based on what I have upcoming that month and how much additional cash I put through the previous month. It’s usually around £100 - £150 per week. I then have a standing order of this amount into an online bank, I use Starling but there’s others around like Revolut. + +I then use this weekly budget for my food, transport and fun money. It’s a glorified weekly budget method but utilises modern banking so you can see where you’re spending your money. I can see exactly where my money has gone each month and how to plan for this going forward, something I struggled with just tapping away with my normal debit card. + +I now save over £500 per month and haven’t really noticed anything I’ve gone without. This method really helped me crack worthless spending! + +Edit - for those wondering I move whatever is left in my main account at the end of each month to my Moneybox lifetime ISA for my house savings :-) +It has always seemed to me that one thing that keeps people down financially are the social norms that no one ever talks about or explains. Things like how we dress, how we do our hair or makeup, how we carry ourselves, our language, etc. etc. some social norms are obvious to everyone but just unattainable. Other social norms are almost coded or secret even if they cost nothing. There is a set of middle class social norms that usually must be followed to get a middle class job and travel in middle class circles and another set to be upper middle class and yet another set to be upper class. Of course some norms like straight white teeth and nice skin etc. are expensive to maintain, but some of these social norms are free… stupid things like saying “I’m well” instead of “I’m good.” I’m not saying it’s right for people to judge other people by social norms… I’m just fascinated by social class and how it all works. + +What are some social norms to be middle class that you may not have always been aware of? Has anyone here intentionally changed the way they dress or speak etc. to have gain access to better opportunities? Has anyone here ever been disturbed when they realized, at a rather mature age, that something that seems normal to them was a faux pas to the middle class? +It has always seemed to me that one thing that keeps people down financially are the social norms that no one ever talks about or explains. Things like how we dress, how we do our hair or makeup, how we carry ourselves, our language, etc. etc. some social norms are obvious to everyone but just unattainable. Other social norms are almost coded or secret even if they cost nothing. There is a set of middle class social norms that usually must be followed to get a middle class job and travel in middle class circles and another set to be upper middle class and yet another set to be upper class. Of course some norms like straight white teeth and nice skin etc. are expensive to maintain, but some of these social norms are free… stupid things like saying “I’m well” instead of “I’m good.” I’m not saying it’s right for people to judge other people by social norms… I’m just fascinated by social class and how it all works. + +What are some social norms to be middle class that you may not have always been aware of? Has anyone here intentionally changed the way they dress or speak etc. to have gain access to better opportunities? Has anyone here ever been disturbed when they realized, at a rather mature age, that something that seems normal to them was a faux pas to the middle class? +Moved to Austin a year ago for work and recently won an offer for a single family home that I like here 5 miles from downtown. The mortgage with insurance and property tax will be around $3,400. I can afford the payments and I’m married with no kids but for some reason it doesn’t feel right paying that much for a property every month. Is this the right move? Or should I just keep renting for around $2,400 a month? +Backstory - + +My family owns some property where are renting it out. My family owns a 4plex in downtown Seattle near a light rail that is currently being built and finished by 2023. Each unit is being rented out for fairly cheap because the units are older. I think the units will be fine and will last maybe for five more years until the next renovation. This is a prime spot near restaurants, shops, and public transportation. There are about 10k sq ft of land and about 4k is currently being used. The rest of the land has some parking spots and greenery. Around the neighborhood, there are a lot of constructures of townhouses and more shops will probably appear. + + +Discussion - + +What should I do with this property? My family wants to do something with this property that will help set us up for the future. Developers have called my family offering $1m to buy this property. I thought about keeping it and maybe developing it ourselves. + + +Where we are at - + +I was thinking of maybe tearing it down and building a complex with apartments on top and come commercial shops on the bottom. I would manage and have this as my retirement plan with passive income. I want to get into owning commercial property. I think commercial properties have higher returns and less maintenance (correct me if I'm wrong). I talked to some people and they said if I want to build something, I need to work with a firm to do some studies and have an architecture draw out a blueprint. From there, I can bring it to the bank and ask for a construction loan. Others said that it's not worth the effort, to keep the property until the light rail is built, then sell the property, and buy a commercial property with the money. Another idea is sub-divide the land, build townhouses on them and sell them off. I'm not in a rush but want to plan for it for the next few years either applying for permits and so on. + +&#x200B; + +Thanks for the read. +Curious about thoughts on purchasing a building multiple sex offenders as tenants. Obviously it has its drawbacks, there may be opportunity as well. Anyone have experience with this? +I am a new investor eager to get my first deal under my belt. My goal is retirement from my J.O.B. by 35 and focus solely on investing. + +I've been reading the forums, listening to the REI podcasts, and reading some of the recommended books. + +I have not found my first deal due to lack of capital to put me at my personal target of $250/month/door cash flow and 10% CoC. I did find an apartment complex that has 54 units that seems to meet those criteria. This is huge undertaking for a beginner however I want to practice running the numbers on this property. I have been using [DealCheck.io](https://dealcheck.io) to practice but want to validate my numbers and try to build out an Excel template for my needs. + +&#x200B; + +A little information on the property + +Listed: $8,889,000 + +County Appraisal - Improvement: $1,388,880 + +County Appraisal - Land: $2,661,120 + +Taxes: $125,000/y + +On Market: 125+ days + +Built: 1972 + +Renovated: 2017 + +Dallas suburbs + +&#x200B; + +54 Units: 22.3% Studio, 63.2% 1Br/1B, 14.5% 2Br/2B + +Rent between: $895-$1750 + +100% Occupied - Average age of tenants \~35 + +&#x200B; + +Cap Rate from Broker: 5.6% + +NOI: \~$500,000 + +Assumed Vacancy: \~9% + +Coined Laundry: \~$500/m + +Electric Reimbursement: $2,500/m + +Admin, Management, Turnover, Utilities (pool included): \~$100,000 + +Maintenance: $2,000/m + +Insurance: $25,000/y + +&#x200B; + +Neighborhood + +Average listing price: $420,000 + +Average time on Market: 60 days + +Average price sq. ft.: $250 (SFH) + +&#x200B; + +Purchase Info + +Assumed Purchase Price: $6,125,000 + +25% Down over 30 years + +2% purchase costs: $122,000 + +First year IRR: -3% + +&#x200B; + +I believe that the list price is overpriced for the area given competition. I believe that it is worth around $6,125,000 based on some of the comps in the area and keeps the per door cost less than $110,000. I am also unsure how to evaluate a negative IRR. First year is at -3% while years 2+ are around 10%+. + +&#x200B; + +The other issue with this potential deal is finding money and or a partner to go in on this deal but before starting to find funding, I want to be sure that I understand the numbers well enough and have an accurate model. + +&#x200B; + +I know I am making a mistake somewhere however I do not know what I am missing, any feedback on items to take a look at is greatly appreciated. +Title pretty much says it all. Wife and I want to buy a second property. She’s leaning towards a vacation rental so we could theoretically use it, but it’d be a higher monthly payment so we’d most likely just break even. I’d prefer a college rental or long term rental in a urban setting for the cash flow. Which would you choose? +Have held on to around 30 acres in a hot area and it's finally coming to fruition, problem is the the neighbors have treated my property like it's free real estate over the years and its scaring away buyers. There's atv jumps, boats, and even a paramoter w/trailer... + +Some stuff is easier to identify who owns it and some stuff, not so much. Pretty in the dark on where to go from here, state is MI if that helps. Anyone deal with a similar situation and have any tips on what to do? +I'm looking at a property in the city of Fairburn, GA, county of Fulton. It has three units that rent for a total of $2300/mo through section 8. Asking is $137k. There's also a vacant lot attached, though I'm not sure its buildable. Looking at the zoning map, its a single family. I spoke with Fairburn zoning director and she said if its R1, its not supposed to have three units rented out. The modifications to convert it were somewhat recent, so it won't be grandfathered in. +My concerns are 1) bank could have issue with this, 2) permitting will be an issue, perhaps for the attached lot as well, 3) if zoning dept finds out, I could be in trouble. + +But is the potential cash flow too good to pass up? +My gf and I are buying a used car at the weekend (17 plate). It will be our first car and comes with a 12 month warranty with option to extend it. + +I know I'm going to have to buy things like road tax, insurance, breakdown cover and later down the line MOT and servicing. Are there any other costs I'm missing? And is there a good way to get a good deal on any of these? + +Also, are there any 'hacks' (or even apps?) people use as a car owner to help find the best priced fuel, parking, trusted mechanic or anything else which will help keep a few more pennies in my pocket. + +And do I literally have to sit in the dealer carpark once I've bought it to register it with DVLA and look for the best insurance deal for us before I can even drive it home? + +Lastly, we are going 50/50 on it but she will be driving most of the time to work - who should be noted as the owner or registered keeper? And if it was her, would that stop me taking it to a garage and requesting work done to it? I'll be putting her as the primary driver for insurance. + +If there's anything I've not mentioned above, I probably don't know about it - so any help is much appreciated! + +Thank you! +There are some common misconceptions about VIEs and the difference between the ADSs listed on US exchanges and the shares on the HK exchanges. I have seen these misconceptions spread here, on Seeking Alpha and also places like Motley Fool. So I have read in detail the SEC filing here [https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm](https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm) + +by Alibaba Group Holding Limited, incorporated in Cayman Islands, for their HK listing and am ready to clarify some of the BS that is being spread. + +**THERE IS ZERO MEANINGFUL DIFFERENCE BETWEEN THE HK AND NYSE SHARES.** A lot of people spread the nonsense that the American ADS's give you "a mere economic ownership of a VIE" whereas the HK listing gives you "direct ownership of the company". They then acted "shocked" that there is almost no difference between the price of the two, and act like this indicated that the market fails to appreciate the VIE risk (I saw this crap being written in a Motley Fool article). This is wrong on so many levels. Here is why: + +* **THE SHARES ON THE TWO DIFFERENT LISTINGS ARE FULLY FUNGIBLE.** You can convert each American ADSs directly to 8 HK shares. The process for doing this is listed here in the SEC [https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm#de15203\_conversion\_between\_adss\_and\_ordinary\_shares](https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm#de15203_conversion_between_adss_and_ordinary_shares) Note that this is *completely fucking standard* for ADSs. For example, Tencent (also a VIE) has a listing in HK and also has a very popular ADS available OTC in the US. +* **THE ABOVE FACT MAKES THE TWO SHARES FUNCTIONALLY EQUIVALENT.** The instant there is a meaningful price difference between the American and HK shares, any arbitrageur can buy the cheaper one and sell the more expensive one. How hard is that? Its just a phone call to the broker, and a trivial, approximately $500 fee. In fact, IBKR can convert many shares from ADRs to common stock on foreign exchanges *automatically*, without even a phone call. See [https://www1.interactivebrokers.com/en/index.php?f=15260#supported-adr](https://www1.interactivebrokers.com/en/index.php?f=15260#supported-adr) +* **BOTH THE HK SHARES AND US SHARES PROVIDE OWNERSHIP.** More precisely, they both confer ownership in the same company - *Alibaba Group Holding Limited*, incorporated in Cayman Islands. This is a holding company. It has economic interests in China, via contracts with certain VIEs. A VIE must be wholly owned by Chinese citizens. + +So, both the HK and US shares are the same thing. Both have the same risks. You can convert from one to the other freely. Both carry a VIE risk, in that these Chinese owned VIEs could theoretically be confiscated by the CCP, depriving the holding company of future income. Also + +* **THIS IS THE SAME FOR EVERY CHINESE COMPANY.** China forbids foreigners from owning stock in a Chinese company, so *every single fucking Chinese stock has the exact same VIE risk.* This goes for Tencent, NIO, Netease, Billi etc - under Chinese law, there is no way for a foreigner to do business in China other than through a VIE. + +TLDR - there is no difference whatsoever between HK listings and US listings of Chinese stocks. All Chinese stocks carry an identical VIE risk. You can not get around it by owning the HK stock, it literally makes zero difference, its a contract for the exact same thing and is fully fungible with the US one. + +**EDIT**: Guys - to clarify, I am not trying to say there is no risk investing in China, or that VIEs don't carry any risk. I am trying to debunk the common conspiracy theory along the lines of "the CCP can, at any time, eliminate the VIE structure and liquidate US investors in BABA, whilst protecting investors in Hong Kong". We are all in the same boat, no matter which exchange we bought the shares in, and the shares are completely interchangeable. If the CCP wipes out investors in BABA, they wipe out holders of 9988. (I also doubt they would destroy the VIE structure entirely, and kill Tencent, NIO, NTES and all the rest. They would be killing the entire HKEX). + + Since Alibaba Holdings is a core holding for Asian mutual funds (I believe I read recently that its the number 1 holding, but I don't feel like searching for the reference today), I personally think the probability of the CCP wiping out all all investors in Alibaba is very small, but that's for you, the individual investor, to decide. (This would also involve wiping out actors like Japan's SoftBank, most of whose NAV is kept in Alibaba Holdings.) +I'm trying to decide on ETFS to invest in as this is my first time investing, but I'm sure which to choose and how to diversify. I'm mostly interested in long term holds. I've seen this sub talk a lot about XEQT but what I'm not sure what else I should choose or how to go about choosing. What's the difference between XEQT and VEQT or SPY and VOO, and why not just buy each of them? Should I also invest in Canadian banks, and if so, how do I choose which ones? What about dividend funds? +I'm unsure what the point is for: + +1) Having "professional money managers" coming on a public TV show to promote a stock. Let's face it, there's a disclosure as to whether they or their clients have a position, but still, why promote a single stock when your job is to manage an entire portfolio? + +2) I think its as useless as CNBC and Motley fool. Essentially legalized pump and dump. + +What do you think? +Hi everyone, + +I'm 25 yo, and currently own a TFSA, RRSP, savings account and a new non registered account. + +*I'm still uncertain what to do with my RRSP, or even if I should further use it, since I work for the government and I was told by a financial advisor that with my pension, the Canadian pension and OAS, chances are I would be in a similar tax bracket as of right now. I don't think I'll go in another tax bracket anytime soon. Anyhow. + +I'm trying to figure what types of investment to put in each account. I'm reading that we shouldn't have foreign stocks or ETFs in a non registered account, and instead have Canadian stocks that pay dividends, to get a dividend tax credit. Fine. But then, I'm reading that the Income Tax Act could allow to recoup the foreign taxes, but in a non registered account only. Sooo, I'm probably missing something here, but should I or should I not have ETFs with foreign assets in a non registered account? + +Also, I read that it's not advised to have ETFs with foreign assets in the TFSA either, because of the 15% withholding tax on foreign dividends. Apart from U.S. dividends, wouldn't that apply to an RRSP too? What would be the difference? + +Thanks a lot! I'm really trying to be smart about investing, but it's a lot to understand and since I may not use the RRSP, it would suck that it's the only "good" place to invest in foreign assets. + +Cheers! +Hi guys + +I have my emergency money parked in a low interest saving account right now (like 30k) + +I’d like to park this amount in my self trading TFSA account to have better gains than a bank saving account. + +Was potentially looking for an ETF like VGRO or something. + +However, there might be better options risk-wise than this. + +Another ETF? short terms bonds? leaving it in cash? What is everyone doing? + +EDIT I guess I should mention, it's not just emergency funds, it's short-term project as well. so let's say I have around 30k, 15k is emergency funds and 15k is short-term project. I'm just wondering if people are just keeping all of this in HISA or something else. Maybe just for the short-term project part? +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. +https://www.npr.org/2019/04/12/711779130/as-china-hacked-u-s-businesses-turned-a-blind-eye + +I wonder if this is connected to the Bloomberg leak as well (the small chip one) that everyone denied right away. It seems these companies are so focused on short term profits or they’re just too scared. + +The story about google coming out and being ignored and the other 32 companies not coming out to denounce this or petition the government for protection is pretty shameful and should be considered a breach of fiduciary to the shareholders... +We got married at the end of September. We have different tax advisors. We are working on coordinating that better. We had talked about it and agreed to file as 'Married Filing Separately'. I file my taxes. She has her appointment, and files her taxes. Then I ask about if she had my SSN for her forms, and she said they didn't need it. So we pull out the documents, and hers has 'single' checked. + +Where do we go from here? A co worker told me you can file single up to 6 months from being married, but I would think we would both have to file the same way. + +Thanks for the help. +I saw a doctor via Zoom back in October, through One Medical. They initially billed me $175 out of pocket, as I had just lost my job and was still getting COBRA set up. I paid the $175 at that time. Now, they’ve gone back and billed my insurance $540 (!!!) for that visit (which all fell under deductible, unfortunately) and are expecting me to pay the difference between what I paid before and what insurance allows now, so almost $300 on top of what I already paid. + +Are they allowed to charge me one price and then go back and charge more later? I have the initial itemized bill, and it didn’t mention anything about a cash/out of pocket/early payment discount, just the single cost of $175. I'm frustrated by their insanely high cost for a doctor's visit and feel like I've been bait-and-switched. Didn't expect this from One Medical. +if AOC and Shapiro (and countless others) can agree on something, it's gotta be big!!! + +This just goes to show that the left vs right divide DOES NOT SUIT US ANY MORE. + +It's rich vs poor, and IT ALWAYS HAS BEEN + +UNITE THE WORKING CLASSS + +FUCK OVER HEDGE FUND PISS BABIES + + 🚀 🚀 🚀 BUY GME 🚀 🚀 🚀 + +HOOOOOOOLD GME + +TOGETHER WE CAN WIN TENDIES FOR ALL WORKING CLASS DEGENERATES + +&#x200B; + +this is not financial advice + +if youre a hedge fund manager you can suck my big hairy sweaty nuts +I find myself looking at my spreadsheet daily, tweaking details here and there, trying to carve down expenses etc. How do you stay committed to FI without consciously thinking about it all the time? +I think this is the week the reality of the corona situation sets in and when we see near 1k deaths on monday, we'll have a bloody day. That brings me to my question. If we have a triple circuit breaker, which halts trading for the rest of the day, what happens to option contracts expiring that day? +My first trading plan wasn't that great, so I've decided to write another one following an extremely similar strategy. I'm following the trading plan templated offered for free by forex4noobs. If you have any better ones, I'll gladly take them into consideration. + +**Mindset** + +**What is your trading goal?** + +As of now, my trading goal is to gain confidence in the markets. I want to build a plan that is good enough for me not to lose trust in the system during future drawdowns. + +**How will you achieve this goal?** + +The first step is the backtesting. I will backtest the strategy with 500 euros fake money on historical data and work out the winrate after 300 trades. If the winrate is above 65%, I'll be satisfied with the system and move to demo trading. + +The second step is demo trading. I'll start with the same capital and work my way up. Ideally, I want to double it. + +The third step is live trading. As long as I can maintain my winrate on the demo account for at least six months, I'll open a small account with real money. I'll make pocket change, as I won't go beyond 300 euros. The purpose of this account is to teach me what it feels like to have my money on the line. + +After that, I guess we'll see. + +**What are your biggest weaknesses?** + +I find excitement in trading. Opening new position is fun, and I spend way too much time working on the graphics of the chart as an excuse not to close them and do something else. This will lead me to opening trades I should not have opened, and talking myself into seeing market signals that aren't there. + +**How will you overcome your weaknesses?** + +My overall goal is to trade enough to make trading boring. I want to wear out the excitement by getting used to opening and closing positions. The first part in this is the backtesting: trading with historical data will show me just how many candles I have to go forward in order to find a decent signal. This will hopefully teach me how rare the good ones are. As a short-term solution, I won't trade more than two hours a day. With 'trade' I mean looking at charts and opening positions. I won't check my trades during the day, also as a way to learn to trust my stop loss placement. + +**What is your daily trading routine?** + +Wake up at 7 AM. I check my economic calendar, take notes for important events and get in front of my computer to do some analysis. After two hourse, I force myself to stop. + +**Strategy** + +**Which currency pairs will I trade?** + +EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD. + +**What time frames will I trade?** + +I will use the daily chart for placing supports and resistance zones and for setups. If I find a setup, I will go down to the 4h chart to find a good entry spot. + +**How do I place supports and resistances?** + +1. I zoom out on the daily chart until I see one year of data. + +2. I switch to a line chart. + +3. I place a resistance on the yearly high and a support on the yearly low. + +4. I place a support and a resistance on the significant levels near the price. A significant level is where price either bounced twice, or congested for at least a week. + +5. I place a support on the significant level closest to the support placed in step 4. I place a resistance on the significant level closest to the resistance placed in step 4. + +6. I switch back to the candlestick chart. + +7. If price breaks through the zones of step 4, I repeat step 5 and find another one. + +**What indicators will I use?** + +I will use a 200sma. I will treat it exclusively as an additional support and resistance zone, as well as a way to give me a general idea of market direction at a glance. + +**What are my entry requirements?** + +I am looking for two things. + +1. A clear trend heading for a zone. If, by looking to the left, who controls the price is not obvious, I skip the trade. There is no set amount of candles for this trend: even a single candle is fine. + +2. A pin bar that forms on the zone at the end of the trend. Bonus points if the 200sma crosses with price on the zone. For a bearish trend, I want a bullish pin bar (long lower wick, short upper wick, small bullish body placed on the top 1/3 of the candle). For a bullish trend, I want a bearish pin bar (short lower wick, long upper wick, small bearish body placed on the lowest 1/3 of the candle). The smaller the body, the stronger the signal. The higher the range, the stronger the signal. + +For a short position, I place a sell stop 10 pips below the low of the pin bar. The stop loss is set 10 pips above the high of the pin bar. Target is set 10 pips above the next support. + +For a long position, I set a buy stop 10 pips above the high of the pinbar. The stop loss is set 10 pips below the low of the pin bar. Target is set 10 pips below the next resistance. + +**What are my exit requirements?** + +I look for a risk to reward ratio of at least 2. + +**When will I decide not to enter trades?** + +I won't trade during major economic events, on sundays and fridays. I won't trade when all of the above conditions are not met. + +**Risk Management** + +**What is your risk per trade as a percentage?** + +2.5%. + +**What is your maximum drawdown before you stop and reassess?** + +It depends on my winrate. With a 50% winrate, I can expect to lose five trades in a row. I will reassess after a losing streak of seven. With a higher winrate, I'll just calculate the expected losing streak and adjust the response accordingly. If I have a winrate that is lower than 50%, I won't be trading. + +**Will you have more than one trade open at a time?** + +Yes. + +**If “yes” to above, what is your maximum risk exposure at any one time?** + +10%. Four positions of 2.5%. + + +I am positive while there will be some money to be made shorting the EUR ( like if you had a short on at last weeks closes) their is simply to much vested interest in the euro zone staying afloat for full collapse from a greek no vote (lol, they didnt even grexit it up yet). It's correct that if the EUR massively devalued it wouldn't necessarily mean the euro zone is on the way out, but a crazy reaction in the currency would do A LOT to instigate further instability and panic. Anyway, it just won't happen, not all in one day at least. + +Personally I am looking for the EUR to find a low of 1.08 this monday give or take of course. + +You stay frisky Reddit. +Hey everyone! + +I'm going to start backtesting as soon as I have finished/studied all the theory (I'm studying "SMC" from mentfx, I know I know all of us are retail, just that I wanted to tried this "style" of trading). + +I would like to know what are your recommendations/tips for good backesting? + +https://preview.redd.it/8pa1qvva6pp91.png?width=1920&format=png&auto=webp&s=4abedba6da2e2b41f6d32afc61c2e618d7997751 +Greetings to all the traders here, + +as a forex market student, i've tried many strategies on forex, and many aproaches to the market. At the moment, i'm trying to learn Elliott Wave theory. So far i'm still in the basics of the theory and i wanted to know from the people who understands it more, wich of these analysis could be the best aproach (or none of them) + +I'm making my analysis on the AUD/JPY, 15 min time frame + +https://i.redd.it/2y3g8oj5azl21.png + +&#x200B; + +https://i.redd.it/i034rbtoazl21.png +Please please please + +For profitable traders, what are your price action rules? + +&#x200B; + +The thing is, I am kind of confused about this whole price action thing. Let's say I am looking at the daily timeframe, and I see a double top, then a downtrend follows. Now, price gets to a support zone, my expectation is that price will break through this support zone, and continue downward. + +Is my analysis correct? How do I enter the market? Do I step down to the 1 hour time frame, wait for a breakout of this zone on the 1H tf, then enter when it retraces to the zone? + +How do you go about it? Please help. + +Thanks +Simple question really, with the advent of ever more complex algorithms and advancing neural nets do you think we will get to a point in the future where retails traders will no longer be able to be profitable using the current techniques (which for many of us here essentially comes down to some form of technical analysis i.e. pattern recognition.) If so, over what time horizon do you see this occurring? +How much do I need to grow my account per month to be considered profitable. I understand technically its 1% but I doubt that's what people are talking about when they say profitable trader. +Not sure if this is the right sub to post this in, but what are reasons to manage FX risk, specifically for a multinational company? Most search results tell how to do it, but not why. Are there any other reasons besides to protect the company from losses? +Hello I’ve been learning forex and it seems like the only way to really learn this effective is paying someone’s course where do I learn to do forex what should I look for where do I learn to make a strategy for free please help. +or any other prop firms for that matter that are running on pure influencer "trust me bro, its legit." bought reputation boosting ad spots. + +not claiming they're not 100% or anything, I'd just feel better knowing they are held accountable by something like the (CFTC, ASIC, BaFIN... etc.). +Hi, I am very new in forex a total noob, and I just want to ask. + +I am using avatrade, and then everytime I enter a trade either long or short, I already lost 15 or more, pips. For example a newly enter position at 0.01 lot will automatically put me at loss of 0.22 dollars. Can someone help me understand this, as I am trying to be a day traded and this 15 pips can make or break a trade. + +Thank you very much good people of redditor. +Hardened traders will probably be angry about this post but this is very important for newbies to understand for them not to sink their time and money into this bullshit. + +I'm assuming you don't believe in astrology. But you probably are constantly surprised by seeing seemingly very rational people believing in supernatural, reading their horoscope or even going to fortune tellers right? + +The same applies in traders and even pros. You'll see even the most hardened traders use things like "flag formation", "hammer", "morning star" and hundreds or even thousands of other "patterns" that can be derived from charts and visualisations as if they provide any meaningful info. + +The reality is that such patterns do not exist. This is not an opinion, you can prove they don't exist by making computers analyse each and every chart in each and every timeframe and see that they don't provide any info better than a coin flip. + +Before the era of computers, stock traders in relatively thin markets (compared to today's standards) trying to make sense of what they do came up with many of those. They didn't have the means to verify that they do not work. When they acted on a "pattern" and it worked, they figured because it was the pattern. When it didn't work, hindsight is 20/20, they found a fault elsewhere and not in the pattern itself because it worked before right? This is a fallacy. Even analysing the data from those times prove that they didn't work back then. And they certainly don't work now. + +We are naturally pattern seekers. We see faces on the clouds. We see elephants in the dirt. We see patterns in random noise. It is just how we are evolved. See this as a fact of life and don't let it influence your trading. + +Computer analysis of past data shows that the only piece of meaningful information we can derive from past data is resistance and support points. The only time next data correlates with past data is at those points, and even then the correlation is so faint that it *might* not be worth your while. In other words, you can kind of *predict* action will happen in a resistance / support point (especially major ones) but still you won't be able to predict which way it will go by looking at past data. The correlation is just slightly above of a coin flip and the edge provided will be very very minimal. Most likely is that you won't play the perfect game for them to be viable by themselves and it will be a losing proposition. + +Anyways, next time someone mentions dojis or triangle formations, or harmonic patterns or whatnot just roll your eyes and find other ways to gain your edge - if such a thing is possible. +So, I have a strategy that's taken me a while to perfect. Now another dilemma.. is it better to place one trade, with a fixed RRR or place one, two or three trades to catch crazy big moves trailing my SL at key levels. + +Are there any studies on this? + +Thanks +Hello, can people please share their tips. + +I am in particular looking for a way to cancel one order if a certain condition has been met. Eg If my trades take-profit/stop-loss is met, then cancel all pending orders. + +-Regards +I am a new trader and new to reddit but I would like to share my journey of self discovery with people who also want to challenge themselves and share their interesting thoughts and perspectives on how they relate to trading. + +I would like to keep the topic focused on psychology and how we can understand ourselves better. I'm tired of the over-saturated "holy grail" technical analysis scamming cesspool in the industry and also the fluffy advice. + +Whatever I post is not from a place of expertise but just my own experience of becoming a trader. The content is in no way financial advice or expert opinion but just my thoughts that I have journaled over time that I would like to share with the world with the hopes of it helping people to challenge themselves and create new, healthier ways of thinking. Also for the banter. +I've already got the API needed to interface with, and I am currently working on a system that incorporates machine learning along with other technical analysis and some very light fundamentals. + +I have a lot of experience with securities and options, but none with forex outside of paper trading. + +Has anyone here worked with these types of systems? I'm curious to see what types of issues commonly arise and to determine the potential efficacy of a DIY system. + +Advice please! +Novice trader here, just wanted to open a discussion. Gold's been in a crazy uptrend for a while and is currently at it's highest levels since late 2012. Now it's about 1500 pips away from reaching that peak, but with the way this moves it might not take too long to get there. Do you think longterm it'll keep rising to the point? If so, may it break into record highs? I know this can't be known for certain, like any pair, but it's very interesting to think about and could be incredibly profitable if it moves in your interest. + + +Personally I feel it'll drop down for the meantime, as I'm seeing some resistance on the H4, but looking back to 2012 I'm not seeing too many huge levels of resistance to stop it from climbing to around the 1700.00 levels at least, and then the peak. Just an observation though. +I’ve seen this A LOT recently and I just wanted to shine some light on the fact many people don’t seem to be diversified into many areas of investment. + +Personally: + +I hold Stocks only a handful, many crypto currency’s, NFTs, Real Estate… the list goes on. + +Forex for me is one of those things to leave at the bottom, if you can really make ridiculous % everyday a minimal amount can be used whilst your big investments make money. I don’t like “maybes” I must be certain on returns. + +Do you only focus on Forex, and if so why? +For me it's always a fakeout or a late entry. I can never identify the trend sooner and it fucks me up like crazy. + +I've tested plenty of indicators, stopped using basic indicators like Bollinger Bands, Stochastic, RSI, ADX and whatever. + +But it seems like every indicator I use is either too slow, which gets me too late in the trend, or too fast, which is just a dozen of fakeouts. +Keep in mind that I use 3 indicators always. One for volume, another for direction, and one more to confirm a trend has started. Still not really profitable. + +I trade only on daily and I risk no more than 2% per trade. + +How do you guys trade? + +How you became *consistently* profitable? +Context: I trade SMC with 1:6 avg RR risking 0.5%, MFF funded but trying to accumulate more funds. + +Logic: 1:1 trades have a base win rate of 50% So surely with good knowledge of price action as I have, a 60% win rate would be achievable and sufficient. + +Testing: I’ve been backtesting over the last week and it’s going very well, using 15m/30m TF, no indicators. But I know backtesting isn’t concrete. +So has anyone had some real experience trading a 1:1 strategy and if so, how did it go? +Hello All. I just purchased my first home and started my first budget. Most values are final, but I have approximated some values for the expenses I would need to pay (Monthly) such as groceries. + +Do you have any budgeting tips for myself ? Since I have a higher than normal amount of disposable income, how much do you think I should set aside for investments, savings or other expenses? If you think I missed some things, please let me know + +https://preview.redd.it/ibltnugw4yp81.png?width=1800&format=png&auto=webp&s=c57cf71d94776aa1bc5d4cc3cf862db2d3881f52 +Suncorp is announcing tomorrow the following fixed rates. + +The rates are quite aggressive: + +* New fixed 3 year rate for OO up to 90% LVR on P&I at 3.49% (3.44% with fast refi) + +* New fixed 3 year rate for INV up to 90% LVR at either P&I or IO at 3.69% (3.64% with fast refi) + +I assume more info should come tomorrow with a media release. +Burner account due to financial information. Mid-fifties business owner, spouse is mid-fifties executive. Annual HHI \~$650k. NW just over $5M (most gained from equity in employers and long-term investments). No debt. We like our jobs and plan to retire in 8-10 years (we're more Financial Independence, Retire Whenever than true FIRE). We live in an MCOL city, with monthly expenses roughly $20k (we enjoy lots of travel/dining/concerts/theater, plus pay rent and some expenses for a young adult kid). We save at least $100k/year. + +We're renting a penthouse apartment (~$4k/month) but looking at $1.1M dollar house. We'd put 20% down to take advantage of low interest rates. We lived in our last, fairly modest house for about 20 years, so this is above past (psychological) comfort levels (so is our rent, if I'm being completely honest, but it's intended to be short-term). The house is likely a bit overpriced (hot market; ideally would sell for more like $950k-$1M), but we love the location and the house itself. We'd expect to live there until retirement. It checks all our boxes without being more than we need. Am I crazy for thinking this is an OK purchase? Or am I taking on needless risk? Appreciate any sound thinking you can provide. +As the title states, my dad is a victim of the COVID-19 virus and is on a ventilator. + +He is a single man. He does not have a lot of savings. He does not have a will. He has five children. I am the oldest. I'm afraid to go into his house because of the virus. + +When I contacted his mortgage company, they said I can't do anything because he is not dead and because I'm not on the account. It will probably be the same when it comes down to his cars. + +Is there anything I can do? It looks a little hopeful for my dad and I don't want him to wake up being in huge financial trouble if I am able to prevent it. + +Thanks for any advice. +These events are just unfolding as I write this, however, this is extremely important for the stock market tomorrow. + +https://preview.redd.it/70iwvt4wu3q91.png?width=1440&format=png&auto=webp&s=e027537e12dc9992a60f93d15d1ea1ba3b5e659b + +The British Pound just collapsed to all-time lows, there were massive liquidations and stop losses wiped out. Many other currencies are following and the forex markets are going crazy right now. + +&#x200B; + +https://preview.redd.it/skmbqpe7v3q91.png?width=1437&format=png&auto=webp&s=b1db9b9ab85b9039a7a4d8f89f9e64ce63b1a539 + +Futures are already moving significantly lower from these swings in other markets. + +There are also huge movements in commodity prices, something to note. + +&#x200B; + +**MONDAY IS GOING TO BE SUPER IMPORTANT** + +**MANY FUNDS WILL BE TRYING TO CLOSE POSITIONS AND HEDGE TO LOWER THEIR EXPOSURE.** + +I do not know what is going to happen, basically, nobody does right now which is why this is so scary, be prepared for the market opening... this is going to get crazy, just wanted to warn everyone. +I got into trading about a year ago. I spent months reading, watching videos, and soaking up all the information I could. Then I started trading with a sim account a little over 6 months ago. I’ve been at the computer every morning without fail that the market has been open working on finding the best strategy that works for me. + +I finally opened a trading account and funded it. I know that the emotion that come with live trading is going to be a totally new experience. I plan on taking tiny trades for the first couple weeks, maybe longer, just to get the hang of it and just eat the commissions. I’ve tried to get myself best prepared I could but I know their is a very good chance that it’s going to be a very long time before I’m profitable. And that’s ok, I really love trading and am prepared to keep trying until I get it. + +So any advice on things you wish you did differently when you started? Things you would have been more prepared for that you weren’t expecting? Thanks for any advice or words of wisdom! Can’t wait for the market to open tomorrow!! +Heya, + +So recently I've come across a ton of negative opinions about day trading and it's come at a time when personally I'm going through a bit of a slump with my personal trading endevaours so these opinions I'm reading seen to have more weight at this moment in time. + +I've spent the past 6 months self teaching myself full time and when I went live a few months ago I had resounding success. I guess I was on a high. Sure the money was good but I found the process of analysising a chart and correctly predicting price action (most of the time at least) even more rewarding. + +The last month or so though I've been losing most of my trades. With that said I do trade in Crypto and there market has been way more volatile than usual with price action whipsawing every day and has just been through a 50+% correction. I guess all financial markets are a bit wonky atm with all these inflation fears etc. + +Anyway, all that aside , I'm just feeling real down about trading. I've put so much work into teaching myself and I actually enjoy it especially the TA side of it, so studying hasn't felt like work. But then I read posts on twitter from people who seem like semi professional or ex professional traders saying "trading is a lonely miserable profession, you are destined to fail, you have no chance to make profit when you come up against institutional traders who have all the algos and tech etc, and when I read that it just makes me even more miserable. + +I took all my money out of my trading account during this period of volatility as I wanted to take a break since I was on a losing streak so I haven't been able to "get back on the horse" so to speak. + +Im trying to get my confidence and inspiration back I guess, so sorry for this rant. Just thought I'd post here to see if anyone has any advice for me. + +Thanks for reading. +Hello Motos, + +EDIT 1- [Here is the DD in video form if you'd rather.](https://www.youtube.com/watch?v=9x1TLFMxiL0) + +https://preview.redd.it/o42v8khnfij71.jpg?width=751&format=pjpg&auto=webp&s=789462df0d4aeaa1d02364212322761d5d3806c5 + +So Yesterday I put out [this post.](https://www.reddit.com/r/Superstonk/comments/paok7a/update_to_my_divorced_puts_dd_and_how_it_still/) Which, in of itself was an update to [this post.](https://www.reddit.com/r/ApesMonkeyAround/comments/oetks2/a_look_amc_and_gmes_deep_otm_out_the_money_puts/) If you are interested in a deeper look at the mechanics of divorced puts then check either post out as I explain the mechanic's there. + +**The summary of both posts are as follows.** + +By using far dated, deep otm or itm puts SHF and Market Makers are able to transfer short interest held by SHF in a stock into FTDs held by Market Makers. + +They've been doing this all year but you really see it kick into effect during major price run ups. + +In Yesterday's post, I concluded that I could show; + +* GME had AT LEAST AS A BARE MIMINUM 90.9 million shares that had been converted from Short interest into Fail to Delivers. + +**Why I'm posting an update the next day?** + +I literally posted this maybe two or three hours before the run up. + +[u\/bobsmith808's photo.](https://preview.redd.it/bsvtljynfij71.png?width=691&format=png&auto=webp&s=3304b033ff803dbddb0515b8a8a36032fddfc436) + +As we were running up, plenty of eagled eye, including u/bobsmith808, apes spotted that there were large blocks of deep otm puts being bought. [You can see Bob's post about it here.](https://www.reddit.com/r/Superstonk/comments/paqkoc/more_market_fuckery_brought_to_you_by_deep_otm/ha7g75z/?context=3) + +As you can see there were swathes of Deep otm puts being bought, and auto executed for Sept 17th, with what ever software Bob uses. + +So given that my DD I posted literally spoke about this and then a few hours later it's happening in front of my very eyes, I thought I'd best give you all an update. This has also added in a factor I previously hadn't considered, and that was these trades weren't just sitting as open contracts but could also be auto executed contracts as well (but I'm broke and can't afford the softwares that track this so I'm stuck with Yahoo). + +**So what are the updated figures?** + +I haven't had the hugest amount of time to give into it, so to cut my work down slightly I was very restrictive in what I looked at. If I had more time or if I had the proper software to do this then I would have taken a deeper look. As such I limited myself to volume on a strike of over 1k in contracts for GME. + +Even with this hugely restrictive set of data I still found shocking amounts of fraud. + +&#x200B; + +>As it stands I'm broke as fuck and hold a tiny position. I'll be frank with you all, if I somehow came into money I wouldn't use it to buy/pay for software subscriptions but use the money to increase my position. I don't say this looking for sympathy but as a way of explanation as to why I don't use the fancy dancy software some apes use. + +With that in mind, I had to use Yahoo Finance's free options chain page. But from it I could see the following. + +Yesterday there was deep OTM puts bought and executed for the following EOW dates & Strikes + +**GME** + +Sept 3rd + +* $160 strike and 2k contracts. + +Sept 17th + +* $35 strike and 33.4k contracts. +* $30 strike and 3.6k contracts. + +Nov 19th + +* $5 strike and 7.5k contracts. + +This is a total of an additional 4.65 million shares converted from Short interest into eventual fail to delivers. + +**Why I've included the 3rd Sept otm, but nearer to the money puts.** + +Just want to tackle this right away. There's a chance that these weren't used for the tactic of converting short interest to Fail to Delivers but given the fact that they would highly likely expire worthless and also would add downward pressure I've included them. + +**My Takeaways from this.** + +My big takeaway is that this is far more systematic and apparent than even I first thought, and I already thought it was a Godzilla sized problem. + +Secondly, given the sheer quantity that's likely pumped through everyday in this fashion either the hidden amount of synthetic's is much larger than ANY OF US can imagine or they are also using this tactic to trade fail to delivers to each other. + +Given the way they do this, it also allows them to close out short interest and then reopen said shorts again, and again, and again. Allowing them to apply, fraudulently (not unusual for these bampots), a massive amount more shorts than should be feasibly possible. + +**How am I so sure this is fraudulent options activity?** + +Someone asked this, very valid, question of me yesterday. Rather than just vaguely gesture at the OG DD, or yesterday's update, or today's update. I'll stead talk you through this. + +For Jan 21 2022 there are 134,000 put contracts with a strike of $0.50. These contracts were still being bought yesterday. These contracts are being bought for a $0.01 per share premium. Meaning for these contracts to break even the price of GME has to fall 99.75%. Also if, by some fucking wizardry, the price of GME was to fall to $0.01 these contracts would still only earn $48 per contract. + +These aren't being bought as a hedge against the stock crashing. These are being bought as the clearest, most apparent and transparent evidence of market manipulation you can get. + +**Parting words.** + +I have a[ twitter,](https://twitter.com/BOBoonRoss) and [a YouTube.](https://www.youtube.com/c/BOBoonRoss) I post everything to YouTube, and I also chat away on twitter and give smaller updates on things that don't merit a reddit post or YouTube vid. + +I also post everything on reddit, so consider giving me a follow on reddit if you don't follow YouTube or Twitter. + +Hope this helps folk and I hope everyone has a great day! + +Peace out! +How important was your personal happiness in your job as you pursue fatFIRE? + +Wife and I have ~2M NW. We own a nice house, have limited debt, and just started our family. I work in Enterprise Software Sales and make $250-$400k/year. My company is remote, the benefits are good, and the job doesn’t have a ton of pressure. I’m able to spend a ton of time at home, with our newborn, work on hobbies, etc. Wife works in consulting and makes ~$200k. + +I’ve worked with my company for 5+ years. We’re on a 5 year path to IPO and most of my equity is vested. I consider jumping to a new company at times, just to get a change of pace. I don’t hate work at my current job but sometimes wonder if it would be best to get a different flavor of industry. + +Other side of me says - you’ve got a great gig that pays well, at a solid growing company. Why would you leave? Nobody micromanages me, and I still receive healthy equity bumps. + +Just curious from others on the path - would you ride this out for 5-7 more years or job hop? Or just milk it until the road comes to and end? + + +Hi there. In a bit of a quandry with the **wife about a large home purchase** that will likely have implications for our FATFIRE goals. + +We only have a bought houses in a traditional way with 20% down on 30 year fixed mortgages, but think we are in a position with assets and income to use debt and leverage to achieve what we want without compromising ourselves too much. + +So any ideas about how to buy this house and finance the expensive remodel are welcome. + +I did post this to Real Estate sub but this community of folks here I think have unique strategies (or at least a unique perspective) for this kind of thing. + +First, numbers for context. + +* Me - 38, Wife - 41, Kids- 2 (aged 6 and 4). +* HCOL area in downtown austin (walking distance to downtown) +* Big Tech (one that just crushed earnings) incomes, VP & Director, which are 90% the wife = $2.4m after tax + * income breakdown is $1.03m cash after tax, 1.4m equity after tax vesting monthly with quarterly liquidating windows. + * after expenses this breaks down to $177k a month income. + * We just both changed jobs within the last quarter so this income level is new. Prior annual income was $750k after tax ($62k/month). +* NW $4.7m. $750k cash, $700k brokerage that easy to liquidate, $240k equity (currently in sale window) +* Primary house worth $2.2m ($500k left on loan, $400k paid in, $1.3m appreciation), mortgage $3500/month +* Decent retirement accounts established and kids both have 529s and custodial accounts. Bunch of not-accessible PE and alternative investments. +* No other debt. +* No HELOC. +* No lines of credit. + +**We are looking at a house in downtown AustinTX on a decent sized lot.** Older home from 1961, ranch style, heavily wooded lot with some slope, super quiet street and secluded but a stones throw to downtown. Only nine 1+acre lots in the neighborhood. We live 1 block away and have coveted this house for the 5 years we have lived here. This would be our long-term nest for 10-20years if not more and feels like real legacy land. Austin continues to have tremendous tail-winds of development and big tech offices being announced so the location of this house so close to downtown in an established neighborhood will likely mean it is desirable for the foreseeable decades. Deadline for bids is Tuesday morning. It's an estate sale by a bank. Already 2-3 offers. + +Our current house is a 2/2, but nice and relatively modern remodel done 9 years ago. We have a secluded feeling so this new house feels like a scaled up version of our current one. However we have two kids and family that visits from the UK three or four times a year. So we need a couple more bedrooms so the kids aren’t on top of each other, plus ideally two offices for zooming as both our jobs are remote over global teams and likely to be the same (mostly) for the foreseeable. + +**The house needs a robust remodel and we estimate $1-2m to do so over 1-2 years.** Property taxes will be $75k a year. We would want a construction loan or potentially a HELOC to finance this (maybe a HELOC from our current home to free up the funds). + +**LENDER & MORTGAGE** \- Lender will lend $3m if we do 20% down (leaves us $1m short) or $4m with 30% down (technically doable with cash but leaves us stretched for a couple months and maybe inclined to liquidate some of our stock to stay above water. Mortgage would be $25-30k a month. + +**SELL PRIMARY HOME?** \- We might sell our current home once we move in to free up cash and pay down some of the debt, however its a cool spot (just to small) and would rent robustly. + +**WE ARE BASIC FOLKS -** We have only ever bought homes in a 'traditional' way. 20% down, ARM for 5-7years, then refinance into a 30yr fixed when rates are advantageous. Rates now seem like i we should just jump straight into a 30yr fixed and deploy leverage. Even if the market dips hopefully our timeline means we weather this well. Also this house represents a big step up in scale of figures for us and for the next 9 months would stretch us closer to the red-zone than we've been, but the coffers refill by the end of the year and over the next 10yrs of big tech employment we should hopefully receive about 20m in after-tax income (not accounting for appreciation, raises and leveling up). + +**Question is, how do we buy this home. How would you do it given the above? I feel we might be being naive.** + +* Should we take out a line of credit or HELOC against our first home to free up more cash to buy or remodel this second one. +* Should we just put our current home up as collateral? Or our retirement accounts? +* Should we just liquidate the $240k of big-tech stock gained over the past 2 months and just have that as an emergency reserve? + +**Welcome any advice on how to gain and deploy debt in an intelligent way here.** + +Or are we crazy for doing this, the markets going to crash, and we should run away quickly? +I've been using excel for budgeting and moneydance (for mac) to track bank balances. I'm having issues with moneydance every time I update my macos because it uses an old form of Java. Any suggestion for a simple mac compatible software to track bank account balances? +Trying to decide if all inclusive resorts are generally worth it comparatively. + +Edit: Thanks you for all the suggestions and reply’s. I do enjoy booze, deserts and being lazy so all inclusive may just be for me. +Hey peeps I'm just excited because my buddy and I finally changed the alternator in my car! It's been a few weeks since it went out and it has been a monumental stress in my life. My wife is about to have our daughter in a week and we were car less. Not feasible. Not a situation that can be. My genius wife who is more of a car buff than me remembered that the local junkyard sells parts for cheap so we got it for $40! I have no tools or experience fixing cars but my good friend does and he took the time out of his busy life to come help me today and it works! Feels good man. Anyway sorry for the book but this is a huge win for me. Keep your heads up folks. Things get better with good friends and a lot of effort. (and possibly a little luck.) + +TLDR - Alternator went out in my car. Did the work myself and saved $$$ +Down 6.5% this morning + + + +March 16 (Reuters) - The Pentagon will request 61 F-35 stealth warplanes from Lockheed Martin Corp [**(LMT.N)**](https://www.reuters.com/companies/LMT.N) in its next budget, 33 fewer than previously planned, Bloomberg News [**reported**](https://www.bloomberg.com/news/articles/2022-03-16/lockheed-s-tardy-f-35-is-hit-with-a-35-cut-in-2023-u-s-budget) on Wednesday, citing people familiar with the matter. + +"The Department cannot confirm specific budget details until after the FY23 President's Budget is released," a Pentagon spokesperson told Reuters. + +Shares of weapons maker Lockheed Martin, which counts the U.S. government as its biggest customer, were down 3.4% in early trading. + +[https://www.reuters.com/business/aerospace-defense/pentagon-cuts-request-lockheeds-f-35s-by-35-bloomberg-news-2022-03-16/](https://www.reuters.com/business/aerospace-defense/pentagon-cuts-request-lockheeds-f-35s-by-35-bloomberg-news-2022-03-16/) +Hi all. + +I don’t know if this is the right place to discuss this, so if it should be in another subreddit, let me know. + +I want to start off by saying I’m grateful for my parents. I am 25 and only giving $400 a month from my salary. I am saving a lot, putting money towards a down payment, have a Roth IRA, and just started investing in index funds. I’d like to move out at 28 so I can buy property and also would have paid for grad school in full by then. + +The issue is my dad is horrible with money. Horrible. My parents filed for bankruptcy last year. My dad makes close to 100K and my mom lost her job during the recession, but now has social security. + +I pay for everything on my own as does my brother. So other than rent and utilities, I pay for all my expenses. + +My dad often asks my brother or I for $500-1000 and we give it. He usually pays us back with the next check (and it’s a cycle of him just asking for it again the next month). But it’s frustrating because I can’t have a finance talk with him. + +His bad spending habits have caused me to be good about budgeting (I think?). I track all my expenses in a spreadsheet and limit myself. + +Anytime I try to bring up budgeting to him, he doesn’t want to hear it. He gets offended and immediately shuts down or starts yelling. + +Examples of his bad spending are: He spends at least $50 a day on lottery tickets. He doesn’t drink water, but instead of buying Seltzer from somewhere cheap like Walmart in bulk, he buys individual bottles from a local mart and probably spends $10+ on drinks a day. He buys 7 newspapers every single day. + +I know I don’t have the right to say much because I am living rent-free (other than giving the $400 per month). But it’s hard because then he’ll ask for $500-1000 about once a month and I feel hesitant to give it because he uses it on his bad spending habits. + +He hates talking about money and doesn’t want to hear it. Moving out is an option, but I feel like he would still struggle with money and then I would be stretched thin still trying to help them out. My dad is the type if he has money, he spends it. So I don’t think giving more money per month would help the cause. + +Any suggestions? It feels like a no win situation because he refuses to discuss budgeting but also gets frustrated when he doesn’t have money and money fights are the big fights in my family. + +They also have no retirement savings built up at 65, but that’s a whole other issue. Thanks in advance for any help! +Hi all, + +I’m a 28 y/o male, working as nurse and I make a decent amount of money. But, I have TERRIBLE budgeting and spending habits. I made $72,000 this last year, and have nothing to show for it. For example, I get paid on a Friday, generally $1800 after taxes. I will be down to $900 by Monday (some goes to bills, but a lot of the time I don’t know how I spend money so quickly) +My question is, can I go to a financial planner to figure my shit out? I’m so embarrassed at baseline about my financial issues, but also, do financial planners deal with shitty spenders like me, or is it more for wealth planning? I hope this makes sense. I need to do something, and I hope y’all can give me some advise +In an attempt to raise my credit score, I’ve been aggressively paying off my debts. I’ve put it off for so long, and have finally started making a conscious effort to be more frugal, spend less, and try to get rid of any credit card debt I have. + +I just recently paid off a $7000 credit card and my question is: Should I close the account or lower the credit limit? What would be the best thing to do for my credit score? Thanks 😊 🙏🏼 +Gemini website is down and users are not able to access their trading or withdraw their funds. Here is a screenshot: [https://i.redd.it/3tmq7y13dc0a1.jpg](https://i.redd.it/3tmq7y13dc0a1.jpg) . I posted the screenshot a few minutes ago but the post was automatically removed. + +If Gemini is not going down and this is just an unfortunate co-incidence, then the timing could not frankly be any worse. All CEXes are on the line of fire, customers withdrawing their assets to safety and the credibility of the who industry in jeopardy. Before going down Gemini sent a load of spam trying to convince their customers that all is fine. I got similar spam from FTX just before it went down. +https://www.cnbc.com/2022/04/28/us-q1-gdp-growth.html + +Gross domestic product unexpectedly declined 1.4% in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. + +The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. + + +A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year. + +Rising omicron infections to start the year hampered activity across the board, while inflation surging at a level not seen since the early 1980s and the Russia invasion of Ukraine also contributed to the economic stasis. + +Prices increased sharply during the quarter, with the price index for gross domestic purchases surging 7.8% in the three-month period, following a 7% gain in the fourth quarter of 2021. + +While recession expectations on Wall Street remain low, there’s further trouble ahead: In an effort to combat burgeoning price increases, the Federal Reserve plans to enact a series of rate hikes aimed at slowing growth further. + +Current market pricing indicates the equivalent of 10 quarter-percentage-point interest rate moves that would take the Fed’s benchmark interest rate to about 2.75% by the end of the year. That comes after two years of near-zero rates aimed at allowing a recovery from the steepest recession in U.S. history. + +Along with that, the Fed has halted its monthly bond-buying program aimed at keeping rates low and money flowing through the economy. The Fed will start shrinking its current bond holdings as soon as next month, slowly at first then ultimately at a pace expected to hit as high as $95 billion a month. + +While economists still largely expect the U.S. to skirt an outright recession, risks are rising. + +Goldman Sachs sees about a 35% chance of negative growth a year from now. In a forecast that is an outlier on Wall Street, Deutsche Bank sees the chance of a “significant recession” hitting the economy in late 2023 and early 2024, the result of a Fed that will have tighten much more to tamp down inflation than forecasters currently anticipate. + +That all comes after a year in which GDP rose at a 5.7% pace, the fastest since 1984. While consumer expenditures, which account for nearly 70% of the U.S. economy, drove growth in the first half of 2021, an inventory rebuild from the depleted pandemic levels accounted for almost all the growth in the final two quarters of the year. + +Sustaining that growth into 2022 will require an easing in clogged supply chains and some resolution in Ukraine, both of which will face pressures from higher interest rates from not just the Fed but also global central banks that are engaged in a similar struggle against inflation. +**UPDATE ON BOTTOM OF POST** + +Hi guys, I've never posted on Reddit before, but have been a long time lurker on this subreddit and I am inspired by how much you guys help people. + +My short story: +A 17 year old ass goes to an out-of-state private college and comes out with 100,000$ in private student loan debt from Sallie Mae and 30,000$ from federal loans. Basically, my parents did all the financial stuff behind my back, and did not tell me that because they have terrible credit for a number of reasons, my average interest rate is about 14%. + +I just recently found out that I'll be paying about 1700$ a month, which is impossible to pay. I have two jobs and only make about 1300$ a month, so even if I spent NOTHING, I still can't pay these loans. + +My parents and I have applied to ten different refinancing companies (Which I will be happy to list: soFi, connext, Citizens Bank, Laurel Road, Earnest, etc.), and we have been rejected every single time because of their credit score. + +I feel trapped and helpless and these loans are coming up in two months and I am terrified and only 21. Whatever advice you can offer I appreciate more than you can imagine. If you have anymore questions, I'm happy to answer them. + +Also please be kind, I'm in a bad place right now. + +EDIT: For those asking, I work as a paraprofessional in a public school and a tutor/babysitter on the side. I have a degree in history and education and am a certified teacher that could not get a full-time teaching job. + +EDIT 2: I just want to thank you so much. From what everyone has said, I have been able to list out about 7 different options when I thought I had none. You guys have been amazing. + +**UPDATE** + +So taking a lot of your advice, I called Sallie Mae crying that I wasn't going to be able to do anything to pay the loans. They put me on an interest only payment plan for 12 months (which is still a little under 1000), and reduced my monthly payments to about 1300 a month after that in exchange for making it a 15 year term. It's not a permanent fix, but it doesn't require me to relocate or join the military, and it gives me more time to figure things out. + +I just wanted to thank everyone again for the help, I read and tried to answer every single comment. I thought this post would maybe get like 5 comments, let alone 500. Idk, I'm so grateful. Thanks guys, much love. <3 +&#x200B; + +[check it out right below homies!](https://preview.redd.it/gfee76c0wf491.jpg?width=1170&format=pjpg&auto=webp&s=71a836a7fe42fdeb7182faf7cfd4165f4add8e06) + +[https://twitter.com/pulte/status/1534278922325614597?s=21&t=lF9gl7ulq2guBssB02HxvA](https://twitter.com/pulte/status/1534278922325614597?s=21&t=lF9gl7ulq2guBssB02HxvA) + +As the conversation goes, we get the initial uncertainty from Pulte, evidence is provided, and Pulte back to being Ape on rocket ship to the moon, Uranus tbd. What I wonder is if this information is enough to buy more for him. Either he maxed out on day one, or he overbought on less than optimal information and is in "catch up" mode on validating his decision to buy in..... We all know he isn't tapped out, few of us truly are. This increased education and increased clarity around why the MOASS is imminent is, arguably, the sort of thing that justifies expanding positions. + +&#x200B; + +Pulte, if you see this, please be king ape and share your thoughts on your position and what may move the needle....if not the mountains of evidence MOASS is upon us. +Many brokers have been telling their clients it is difficult and slow to sell through Computershare, even though it is actually quite simple and quick! Read on to see what you can expect if you decide to place a sell order. + +&#x200B; + +[The fees straight from the banking details section of your profile](https://preview.redd.it/fybshsuumtr91.png?width=592&format=png&auto=webp&s=6883065a8430daad5ee870bb23cbc70cbbdb7d98) + +[This info in the second half only pertains to US investors. Fantastic customer service as always with Computershare!](https://preview.redd.it/hw4cjans8uq91.png?width=597&format=png&auto=webp&s=9fc75279f736590683adb44cffcf367cea220b7a) + +*Please note: In order to get a direct deposit, you need to fill in your Computershare profile with your bank details 10 days before the sale. Otherwise a check will be mailed to you.* + +Computershare charges a **$25** fixed fee per transaction and a **$0.12** fixed fee per share for each sell order they process, that's it. + +If you need assistance from a support agent there is a **$15** "representative assisted fee". + +**In the US:** It's **free** to receive a direct deposit via ACH transfer, or receive your check in standard snail mail. + +**Outside of the US:** It's **$35** for an international bank wire, and **$25** for a check to be sent internationally. + +**Optional Fees:** If you want the bank transfer to be wired instead of via ACH, there is a **$35** fee. If you want a cheque mailed to you using an overnight service, they charge a **$25** fee as long as you inform them about it immediately. If you wait a while and then inform them that you want the overnight service, it's a **$35** fee. + +Computershare charges these fees because they do not make money from your assets in any way. If you are unhappy with these fees, it is free to transfer your shares back to a broker. + +International investors will also be charged a currency conversion fee by their bank. + +You can choose your preference for check or direct deposit as part of filling out your Computershare profile. + +***Please note:*** *international investors should avoid using their Wise account details in their Computershare profile. As Wise has a $1million limit on it's transactions, and a yearly $5million limit. A proper bank, rather than a money wiring platform, would be better at hadling these transactions.* + +## How to sell online: + +* Go to [Computershare.com/us](https://computershare.com/us). +* Click on “Login to Investor Center”. +* Login using the username, and password you have created. +* Click on "View and update your profile". +* Click on "Sell Your Shares". +* Review your personal information on the page and ensure it is accurate. +* Scroll down the page, make sure you have the correct stock selected and click the "Next" button. +* On this page you can choose: + * How many shares to sell. + * What order to sell them in: Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first). + * Or specify the amount of money you want instead of the quantity of shares (market sell only). +* You can then choose from 3 sell order types: + * **Market order** \- An immediate order, sold at current market price. + * **Limit Order (Day)** \- The sell order will execute when a buyer in the market is willing to pay your limit price and nothing less. You may also get a higher sell price if there are such offers in the market. If the price is not met by the end of the day, the sell order is cancelled. + * **Limit Order (GTC 30 day)** \- The sell order will execute when a buyer in the market is willing to pay your limit price and nothing less. You may also get a higher sell price if there are such offers in the market. If the price is not met by the end of the 30 day period, the sell order is cancelled. + * Limit orders are currently capped at $3.5k (after brokers got tired of having databases filled with $214k limit orders). Computershare have stated they will increase the cap as the share price gets closer. In either instance if the price is above $214k your order will fill for the higher price. It's only a limit on how low the price can be. + * ***Please note:*** *Fractional shares cannot be sold through a limit order. If you place a limit sell order with a fractional share, the fractional will be sold immediately as a market order.* +* Once you have made your choices, click the "Next" button to submit the sell order. + +If you have chosen to do a market order, the sale will process immediately and the funds will be sent to your bank account or to your home in the form of a check. + +If you have chosen a limit sell, then the trade will stay pending until the price is met. If the allotted time has elapsed, the sell order will be cancelled. + +# If you're selling for windfall levels of money, give your bank a heads up that you have received a windfall and it is coming into your account soon. + +# This will prevent the chance of your bank freezing your account if they think it might be a mistake or fraud. + +&#x200B; + +**Still under construction: How to sell over the phone and through snail mail** +Hey guys. + + +Merry Xmas ! + + + +I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After [my original post](https://www.reddit.com/r/Bitcoin/comments/6e7o79/a_simple_guide_for_the_bitcoin_millionaire_who/), I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively. + +The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow. + +I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started. + + + + +- **A. What is required to open an account in a Private bank when you made your fortune through crypto.** + + +There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise. + +*The origin of your crypto wealth + +*Your background (residence, citizenship and probity) + +These two aspects must be documented in-depth. + + +**How to document your crypto wealth.** +Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit. + +**1. Context around the original amount/investment** +Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. + +What I am trying to document here is the following: +I need context. +If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. +If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. +If you were given bitcoin against a service you charged, show me an invoice. + + + +**2. Tracking your wealth until today and making sense of it.** +What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. +Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand. + + +Let’s have a look at a few examples and how to document the few profiles I mentioned earlier. + +**The trader.** +I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. +In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. +Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous. + +**The early adopter.** +Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. +Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. +I mainly focus on three things here: + +*proof of early adoption +I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early. + +*story telling. +Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day. + +*micro transaction from an old address you control +This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. + +*ICO millionaire +Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow. + +**The miner** +Not so easy to proof the wealth is legit in that case. +Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. +So my strategy to proof mining activity is as follow: + +*Focusing on IT background whenever possible. +An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig. + +*Showing mining equipment receipts. +If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful. + +*Wallet.dat files with block mining transactions from 2011 thereafter +This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened. + + +*Poolmining account. +Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet. + + +*Describing your set up and putting it in context +In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time. + + +**The corporate entity** +Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. +I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. +The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me. + +**The black market** +Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative. + +**The OTC buyer and the libertarian.** +Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯\_(ツ)_/¯ +I am not a magician and don’t get me wrong, I love monero, it’s not the point. + + +- **B. The tax issue** +I am not a tax specialist, but I can say that this year I have seen it all. +Again I am not judging. You made $100m hodling, and still wouldn’t pay your taxes ? Your decision.**I personally advise everyone to pay their taxes, but also to be generous, to give to charities. I mean you eventually made it. Good for you. What about you contribute to make the world a better place now?** I will stop patronizing you. It’s just my 2cts, and it’s your money. + +For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me. + +First, stop thinking Switzerland is a “offshore heaven” +Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered. There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. + +For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t. + + +**EU tricks** + +**[Swiss lump sum taxation](https://assets.kpmg.com/content/dam/kpmg/pdf/2016/06/ch-lump-sum-taxation-en.pdf)** +Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible. + +Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. + + +**[Italy new tax exemption.](http://www.wfw.com/wp-content/uploads/2017/01/WFW-NON-DOM-Italy-January-2017.pdf)** +It’s a brand new fiscal exemption. Go to Aoste and get residency and be tax free for 10y. Yes, [really](http://www.ey.com/gl/en/services/people-advisory-services/hc-alert--italy-introduces-special-tax-and-immigration-rules-to-attract-foreign-workers-and-investors). + + + +**[Portugal](https://www.blevinsfranks.com/news/article/NHR-Portugal-ten-years-tax-free-pensions)** +What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! +Anyway. [FYI](http://www.livinginportugal.com/en/moving-to-portugal/tax-regime-for-non-habitual-residents/) + +**[Malta](http://www.nomoretax.eu/living/relocation-to-malta/)** +Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. +In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way. + + +**[Monaco](http://www.bradleyhackford.com/en/monaco-relocation-monaco-tax-residency/)** +Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids? + + +**Dubaï** + +1. Set up a company in Dubaï, get your resident card. + +2. Spend one day every 6 month there + +3. ??? + +4. Be tax free + +**US tricks** +Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen. + +The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains). + +The case for Porto Rico. +Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to [pwc](https://www.pwc.com/gx/en/hr-management-services/newsletters/global-watch/assets/pwc-puerto-rico-income-tax-exemption-granted-non-residents.pdf) +From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again. + + +**Trust tricks** +Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly. + +**“Anonymous” cash out.** +Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. + +- **C. The cash out itself** +So you have accumulated patiently a good amount of wealth. For some of us who have been involved in crypto since 2010, it took years. Remember when BTC was stuck at 200$ for months? I personally feel like it was yesterday. There is no way you screw up your wealth by cashing out in a hurry or with low security standards. Here is how the cash out takes should place. + +**Full cash out or partial cash out?** +People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. +So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. +In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! +Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;) + +**What the Private Banks expect.** +Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. +If you want to cash out, you should sell enough to be comfortable and have some left. +Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight. + +**The cash out logistics.** +Cashing out 1m USD a day in bitcoin or more is not so hard. + +Let me just tell you this: +Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, +Even if you have a bitfinex account and you are willing to expose your wealth there, +Even if you have managed to pass all the crazy due diligence at Bitstamp, +Even if you have eventually managed to get hold of Lucas at Cumberland, + +The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny. + +Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. +Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. +It is way better to trade OTC. +Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary (like the company I set up) if we are talking about huge amounts. + +Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.- + + +**Your options: DIY or going through a regulated financial intermediary.** + +Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. +Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately. + +The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused. + +Of course, you also have the option to do it yourself. It is a way more tedious and risky process. +Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them! + +**The paradox of crypto millionaires** +Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. +Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… +Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. +Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax. + +**The race to cash out crypto billionaire and the concept of late exiter.** +The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. +Sorry guys but with all the respect I have for r/wallstreebet, AMD and YOLO stock picking, some discipline is necessary. +The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million. + + + +**Last remarks.** +I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. +Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction. + +Cheers. +@swisspb on telegram + +Hi guys, + +In the last few years we've seen volatility like we've never seen before. Rapid rises up like never before, and sharp dips down. It seems that with recessions these days the fed is quick to step in and cut rates super low and keep the machine going. With that however seems to come a sharp hike up as we're seeing with sharp drops down in turn. The market as such is like extremely wave like. This is more of an abstract discussion that I wanted to have, but my question is what comes after the era of great volatility? Like a wave, will we see the wave finally go flat? What would that look like and entail? + +Thanks. +They’ve done well with convenience stores, they’re still going with their acquisition strategy and hopefully expanding to Asia via larger acquisitions. My concern is that there’s just as many grocery store locations (especially discount banners and small store formats) that make it just as convenient for the customer to visit. The value of Gas stations I feel should technically get a write down due to increasing electrical vehicle demand, low fuel margins, and maybe transportation slowing down due to work from home. Are acquisition cost synergies alone enticing enough? Thoughts from the bullish investors? +I have a pretty good work pension with SunLife currently holding 53K with 30 years until retirement. I’ve been investing on my own with a TFSA since February mostly throwing money into VEQT every week. I’m wondering, since I have a professionally managed work pension with a surprisingly low MER, does it make sense to take the safer coach potato ETF approach? Or would my TFSA (currently holding 2,500) be put to better use with value investing in individual stocks? I enjoy the process of investing but can’t contribute enough from week to week to have a large diversified portfolio. +Long-suffering CPG shareholder here. Enough said. + +I'm looking at a realized 59% loss ($7000) if I walk away. I've been patient and even averaged down a couple of times, but it's pretty clear that this dog isn't going to $15-$20 any time soon (if ever). + +Still though... I just can't rationalize hitting the sell button and watching $7000 basically go up in flames. I mean, where the hell would I redeploy what cash I do get from the sale? My HXS ETF? The market is getting a little long in the tooth, so how long before that tanks? A weed stock? The time to do that was a couple of months ago, FFS. A bank? Already pretty heavy on those in that account. + +Grrr... Sometimes I think I should have just stuck with all ETFs in my non-reg like I do in my retirement accounts. +I'm getting a group of about 5 people together to start an investment club to discuss stocks, methods of analysis, market news, and goals. I wanted to see what suggestions Reddit may have to make this more enjoyable and beneficial for our time. +A few elements that are already decided are: + +We'll be meeting every second month to quarterly + +Investments, gains, and losses are discussed in portfolio percentage only. + +Each meeting has a topic to get the initial conversation going. + +Thanks! +Hey guys. I’m a newbie to the crypto world. I just want your input on what crypto exchanges you have been using without issues. Where you have bought, sold, deposited $ and withdrawn $ or crypto without issues. I have used Newton and it’s been good but limited on what crypto’s are available. I ponder maybe using Binance but I hear the fees are silly. Any help is greatly appreciated. +As stated in the title I have a direct investing tfsa with some Canadian company being acquired by an American company so my 250 shares will turn into 87.5 stocks for the American company on the nasdaq I guess? No dividend or anything, does anything change other than me selling and getting American money once I decide to? +Thanks in advance +I'm a first time investor. I've used Wealthsimple Invest for a couple years and was happy with that, doubting I'd ever do anything active... + +Then this current crash occurred and my immediate instinct was to fill up my TFSA with WS (I'd been lolligagging with my businessbank account, waiting til after taxes to decide what to do) while markets were low and set my portfolio to max risk/growth, anticipating things to go up back to levels pre virus. I figure buying now is the best idea. + +But then I thought now might be the time to try WSTrade, buying stocks like AC (Air Canada), QSR(Restaurant Brands International), Canadian banks like BMO, and CNQ(Canadian Natural Resources) at a huge discount and benefit from what I assume will be a windfall in the next year or two. + +Then I found some posts here and they mentioned ETFs and being exposed to emerging markets and tech and diversifying by country, not just industry. So I bought VGRO and VSP, assuming similar rational applied. + + +Before I fully commit the rest of my funds, I figured I'd ask if the above logic is sound, and ask if it seems like a reasonable decision to invest more or completely in companies like the above with thee xpectation that the returns they see will be higher than ETFs, because they fell more steeply (because of the current crisis and not a fault in their business). I just assume when the virus is over there will be roughly the same demand for them in the future. Then, once those stocks have risen to around previous levels, invest future funds into ETFs to balance my portfolio when things are normal? +Always liked OKTA as a product, and company culture seems good. With more remote work and potential hacking and phishing target opportunties, I am a firm believer in Okta's 2FA suite of products. Also, my company uses OKTA dashboard (literally everything in one page, sort of like a dashboard to manage all your subscriptions), and they 'synergize' their Okta Verify 2factor to access all your assigned applications. + +The question is IMO, did they overpay for a company that barely sees 100m revenue a year? +Took a $6,000 @18% variable personal loan via commanwealth bank to help pay for my first car about 18 months ago. + +Made it over 7 years so my weekly repayments would be quiet small ($34 pw). My initial plan was so smash it out in 12 months but obviously that didnt happen. + +At the time I didn't realise the ride they were taking me on, I was a negligent 18yo. Anyway I'm now 20 and decided to look into my loan. + +I've paid off $2,000 and additionally paid approximately $1500 in interest and other fees, so I still owe about $4,000. Its fucked up, the interest is killing me. + +I'm a little uneducated in finance so I was wandering, do I have any other options to potentially lower my interest rates? + +TLDR; dumb 18yo took personal loan @18%, being smashed by interest. What can I do to lower this? + +PS; They offered me upto $50,000 @18%. Feel horrible for any youngin who falls for this trap. + +Thanks guys. + +Edit: wow, wasnt expecting this much feedback. Really appreciate it 👍 +I recently purchased an apartment for myself to live in and it's due for settlement in 10 days. Today, the loan bank rep suddenly said: "Oh my boss just said your borrowing amount exceeded our quota this month, so we'll have to let you borrow $30k less." (or something like that) + +My mortgage broker said this is the biggest fuckup on the bank he's seen in his career because my loan was unconditionally approved 2 weeks ago. But going back to the bank, disputing this decision will likely take longer than 10 days so this probably won't work. + +My options, according to my broker, now are: + +1. pay $30k more upfront and get less tax return (about $300 per year) in the future when I turn this into an investiment property. (Capital Gains Tax) +2. find another bank to settle the loan within 10 days with a much worse fixed rate +3. find another bank to settle the loan within 10 days with a variable rate, then look for a third bank with a good fixed rate within the next few months + +So option 1 is $30k upfront into the deposit + long term $300 loss. Option 2 means for the next 2-3 years I lose around 0.3% pa of the loan (about $1000 more interest to pay pa during the fixed term). Option 3 means I'll pay a very high rate for 1-2 months until I find a good deal. + +I would probably choose option 3 if these are my only options. So my actual question is, are there other options for me? + +Thanks +I know that a proportion of people in this group will say that it’s financially irresponsible to spend any significant sum of money on a wedding, but that’s what I’m doing - please don’t hold it against me! + +My partner and I are both in career transition after taking redundancies last year, so we are managing our dollars carefully. We are getting married next year (was supposed to happen in 2020, but you know covid and all that) and I’m looking for innovative ideas to save costs on the event. + +The venue requires most things to be brought in/arranged ourselves, which allows me to purchase the alcohol and make some savings there. I’m also not having a bridal party. We will have around 80 guests, and will need a caterer, photographer, flowers, furniture etc. + +Any ideas would be gratefully received. Thank you in advance +Sorry if this gets posted often, but I am moving out for the first time soon (Sydney) and could really use some help with budgeting, especially ongoing costs. + +Firstly, I earn approximately $800AU per week. Is renting somewhere $300/week too much for my salary? I am cautious with my money and don't spend too much money on stuff i don't need like products (i rarely buy clothes unless i have to). + +Also i'm trying to think about what ongoing costs would be. + +E.g. + +Rent 300/week + +Food 100/week (Unsure of how much this would cost but assuming $100 is enough) + +Petrol 50-70/week + +Utilities 30-40/week? (Again unsure) + +Spotify 3/week (12/month averaged for each week) + +Mobile 7/week (I pay $80 for a 90 day Kogan prepaid service, so I've averaged this cost again) + +Car rego and insurance and private health insurance are obviously not weekly costs but I was wondering what you would budget for them. + +Also discretionary costs like going out (alcohol + uber). + +I'm hoping to save $6000 for all moving out costs. Bond, 2 weeks advance rent, furnishings if needed (gumtree and fantastic furniture + whatever I can take from home) anything else I need comes from kmart. + +Is this plan solid? Please advise where needed and let me know if I am delusional or not. Thank you! +**We already knew they were** ***effectively*** **toothless...now that it's official, they're** ***actually*** **toothless.** + +# = = = = = = = + +**Bloomberg archive article link (full text below):** + +* [https://archive.ph/YlwXN](https://archive.ph/YlwXN) + +&#x200B; + +**Two current discussions** ***definitely*** **worth reading IMO:** + +* [https://archive.ph/RiryX](https://archive.ph/RiryX) +* [https://archive.ph/EHc1l](https://archive.ph/EHc1l) + +&#x200B; + +**Link to full decision by US 5th Circuit Court (PDF):** + +* [https://www.ca5.uscourts.gov/opinions/pub/20/20-61007-CV0.pdf](https://www.ca5.uscourts.gov/opinions/pub/20/20-61007-CV0.pdf) + +&#x200B; + +# Full text of Bloomberg article: + +# SEC Judges’ Constitutional Cloud Darkens After Appeal Ruling + +[The US Securities and Exchange Commission headquarters in Washington, D.C.Photographer: Al Drago\/Bloomberg](https://preview.redd.it/p9j2seu1sb091.png?width=2754&format=png&auto=webp&s=0cc692b50ab728e6792f2016190ca01036454ba6) + +By [Jennifer Bennett](https://www.bloomberg.com/authors/ATgcdH4vO5I/jennifer-bennett) + +May 18, 2022, 2:13 PM EDT*Updated onMay 18, 2022, 5:35 PM EDT* + +The Fifth Circuit darkened the legal cloud over the SEC’s use of in-house judges to hear cases, saying Wednesday the system violated a hedge fund manager’s constitutional right to a jury trial in federal court. + +Congress’ delegation of legislative power to the Securities and Exchange Commission was unconstitutional because it failed to “provide an intelligible principle by which the SEC would exercise the delegated power,” the US Court of Appeals for the Fifth Circuit said in a 2-1 [opinion](https://aboutblaw.com/24J). + +Statutory restrictions on the removal of the SEC’s administrative law judges are also unconstitutional, the opinion said. + +The US Supreme Court [agreed](https://www.bloomberg.com/news/terminal/RBZBMKDWX2PU) May 16 to take a look at a narrower case out of the Fifth Circuit regarding which courts have jurisdiction to hear challenges to the agency’s administrative law judges. The CPA in that case also challenged the in-house judges’ protections against removal. + +An SEC spokesperson said the agency was assessing the decision and working with the Justice Department to determine its next steps. + +## ‘Traditional Actions’ + +George Jarkesy Jr. established two hedge funds with around $24 million in assets and brought in Patriot28 LLC as an investment adviser. They allegedly misrepresented investment parameters and safeguards and overvalued assets to increase the fees they could charge, and the SEC began an in-house enforcement proceeding. + +The Seventh Amendment “guarantees” Jarkesy and Patriot28 a jury trial because the agency’s “enforcement action is akin to traditional actions at law to which the jury-trial right attaches,” Judge Jennifer Walker Elrod’s majority opinion said. “And Congress, or an agency acting pursuant to congressional authorization, cannot assign the adjudication of such claims to an agency because such claims do not concern public rights alone.” + +Some “elements” of the SEC’s administrative action are “more equitable in nature, but that fact does not invalidate the jury-trial right that attaches because of the civil penalties sought,” Elrod said. + +Jarkesy and Patriot28 also argued that Congress unconstitutionally delegated its power when it allowed the SEC to pick whether to pursue enforcement cases in federal courts or internally, and the Fifth Circuit agrees, the opinion said. + +The agency countered that choosing where to bring an enforcement action was merely a type of “prosecutorial discretion.” But that “reflects a misunderstanding of the nature of the delegated power,” Elrod said. + +Congress “effectively gave the SEC the power to decide which defendants should receive *certain legal processes*” accompanying federal court proceedings, according to the opinion. “Such a decision—to assign certain actions to agency adjudication—is a power that Congress uniquely possesses,” and Congress didn’t give the agency “an intelligible principle by which to exercise that power.” + +SEC administrative law judges have “two layers of for-cause protection” that “impede” the control a president should have over their roles based on their performance of “substantial executive functions,” Elrod said. The court didn’t decide if that alone was enough to vacate the judgment below because it had already decided to vacate on other grounds. + +## Long-Running Case + +Jarkesy and Patriot28’s SEC saga goes back to the agency’s 2011 investigation and 2013 commencement of in-house enforcement proceedings. An administrative law judge ultimately concluded they had committed securities fraud, and Jarkesy and Patriot28 appealed internally to the Commission itself. + +The Supreme Court in 2018—while Jarkesy’s administrative appeal was pending—[determined](https://www.bloomberg.com/politics/articles/2018-06-21/high-court-curbs-sec-judges-backs-buckets-of-money-adviser) the SEC’s in-house judges were actually officers and had been unconstitutionally appointed. After the high court’s *Lucia v. SEC* [ruling](https://www.bloomberglaw.com/public/document/LuciavSECNo171302018BL220188USJune212018CourtOpinion?doc_id=XFP17R5G000N), the agency [offered](https://www.bloomberg.com/news/terminal/PDX75N6JIJUT) parties new hearings before a different, properly appointed ALJ, but Jarkesy waived this right. + +The Commission affirmed the in-house judge’s fraud finding and imposed a $300,000 civil fine, $685,000 in disgorgement, and “barred Jarkesy from various securities industry activities,” Elrod said. Jarkesy then brought the case to the Fifth Circuit, seeking review of the Commission decision. + +## Cochran Echoes + +Jarkesy and Patriot28 attempted to halt the SEC administrative proceedings early on when they sued the agency in federal district court in D.C. in 2014. They twice [lost](https://www.bloomberglaw.com/public/document/JARKESYetalvUNITEDSTATESSECURITIESANDEXCHANGECOMMISSIONDocketNo11?doc_id=X7FVJ6R1T5697RQUKP9S5HHA6NR) on the same jurisdictional grounds that the Supreme Court just agreed to weigh in on in *Cochran v. SEC*. + +Jarkesy and others challenging SEC proceedings must complete the agency adjudication process before seeking review in the federal courts, the US Court of Appeals for the D.C. Circuit [said](https://www.bloomberglaw.com/public/document/Jarkesy_v_SEC_No_145196_2015_BL_315302_DC_Cir_Sept_29_2015_Court_?doc_id=X1N7PLOVG000N) in 2015. Once they have taken those steps, parties may seek review of the final Commission decision in the D.C. Circuit or the circuit where they reside or have their principal place of business. + +Other circuit courts ruled similarly on the jurisdiction question until the Fifth Circuit’s December 2021 [en banc opinion](https://www.bloomberglaw.com/public/document/CochranvSECDocketNo19103965thCirApr092019CourtDocket?doc_id=X6K0HGII8HC8D6QPF52JBD5KPP5) in CPA Michelle Cochran’s case. The full court, in a 9-7 decision, [determined](https://www.bloomberg.com/news/terminal/R42R4MT0AFB6) federal securities laws don’t actually strip lower courts of jurisdiction to hear constitutional challenges like hers and Jarkesy’s. + +The SEC [pointed to](https://www.bloomberg.com/news/terminal/R8UI4ODWLU6A) the D.C. Circuit’s *Jarkesy* opinion—along with similar opinions in the Second, Fourth, Seventh, and Eleventh circuits—as evidence of a circuit split when it [petitioned](https://www.bloomberglaw.com/public/document/SecuritesandExchangeCommissionetalPetitionersvsMichelleCochranDoc/1?doc_id=X3EHVBSJI4H876RJT55CO80B9SS?fmt=pdf) the Supreme Court for review in *Cochran*. + +SEC files on Jarkesy’s case, like Cochran’s, were among those that were [improperly uploaded](https://www.bloomberg.com/news/terminal/RA6U0ODWRGG0) onto servers maintained for Enforcement Division staff. But “the timeline of filings and Commission actions in each matter shows” that memo access wouldn’t have affected any Enforcement Division filings, the agency said in an April [statement](https://www.sec.gov/news/statement/commission-statement-relating-certain-administrative-adjudications). + +Judge Andrew S. Oldham joined Elrod’s opinion. + +Judge W. Eugene Davis dissented, saying he respectfully disagreed with the majority’s conclusions on the jury trial right, congressional delegation, and ALJ removal protections. + +S. Michael McColloch and Karen Cook, both based in Dallas, represent Jarkesy and Patriot28. + +The case is [*Jarkesy v. SEC*](https://aboutblaw.com/24J), 5th Cir., No. 20-61007, 5/18/22. + +—With assistance from Ben Bain and Greg Stohr. + +To contact the reporter on this story: Jennifer Bennett in Washington at [jbennett@bloomberglaw.com](mailto:jbennett@bloomberglaw.com) + +To contact the editor responsible for this story: Rob Tricchinelli at [rtricchinelli@bloomberglaw.com](mailto:rtricchinelli@bloomberglaw.com) + +(Updates with additional reporting in the 13th through 20th paragraphs.) +Bonus: A lot of brokerages have research if you’re a client too (JP Morgan, Wells Fargo, Merrill Lynch or Edge). Just FYI. + +I like Morningstar for their portfolio x-ray, so I can see what is under the hood, so to speak. I have mostly ETFs in my account, and so I was pretty surprised to learn that 10% of my account is in MSFT— leading me to buy in the future into different ETFs to dilute that massive holding a little more (USMV, RSP, etc). + +For people who own individual shares, they’ve got individual stock reports that seem to give fair bull and bear cases. + +TL;DR Don’t pay for Motley Fool (If you liked this advice, there are 20 other pieces of advice we like more) + +Edit: Got a PM calling this an ad. I dunno, just saying you can get stuff that usually costs $15 or something a month for free. +I’ve been very interested in investing for years but I’m naturally risk averse. I’m a big researcher to the point of analysis paralysis sometimes, so I’m not against doing research on “stuff” to investing. + +But how do I do that? What am I looking for or not looking for? What is a good sign that says something is undervalue or overvalued or that it may change. + +I know there’s plenty of books or forums for this but they all seem too 101 and not in touch with the real investing world and how things move. +Seems like after today there will be nearly no one left at twitter working. Entire teams quit. It might not collapse tomorrow but it'll be soon. + +I had a few thoughts, twitter going bankrupt and becoming worth nothing means Elon will need to pay back loans him self? He'll need to sell more of TSLA to do this, which should bring the price down? + +I think hes showing himself to be a bit insane and a terrible leader and the cult of elon that contributed to propping up tsla might disappear. A lack of confidence in the CEO could cause the stock price to drop in the future? + +The market in general still isnt that great, stocks might just go down anyway. + +Thinking of taking a gamble and maybe buying puts or shorting tsla. Dumb idea? +Let us first cover the elephant in the room: the Elon dump. Firstly, there were 19,259 BTC moved onto exchanges before Elon’s tweet and ensuing price dump. I do not think this is coincidence and was likely someone with insider information. + +Elon’s tweet regarding the energy use of Bitcoin at 6:06PM EST initiated a cascade of long liquidations, including $208M within a 10-minute period. This cascade of liquidations is why the price dump down to $46,000 was so aggressive. + +It’s very interesting to see inflows to exchanges (presumed selling) spike in the time before the tweet, followed by net outflows ramping up after the event. This data makes a strong case for someone having insider information. Would be quite a coincidence to say the least. + +Read more at https://pomp.substack.com/p/what-happened-to-bitcoin-when-elon +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +I've googled the UKPF sub for a specific answer to this question but all the posts I find are asking various sensible questions about furlough. + +Instead I'm asking specifically, should I be worried for any reason? + +I've been put on furlough and it sounds great. Other than taking a massive pay cut because it's capped at £2,500/month I think it's better than redundancy (for now I may be made redundant in 3 weeks or eventually), I'll be paid to stay at home and work on my own projects, my holiday still accrues. + +Are there any other downsides I'm missing? + +I'm going to go volunteer with my local animal charity. +On the market many companies will do a stock split to make their stocks more comfortable for people to buy. + +At the moment talking about buying BTC can be intimidating due to the value of a single BTC and its volatility. If people started to think of buying a Sat, rather than a BTC, it would be easier to digest, and the perceived volatility would drop too, because we’re talking cents rather than thousand of dollars. + +We’re now at a value that makes sense too. I can buy 10,000 sats for less than $5 USD. That’s a bargain! +The advice was not to cancel direct debits, so I didn't. + +I was with People's Energy, which ceased trading on 14 September. The last statement I have from them goes up to 2 September, which says I was £12.97 in debit. Today they took my regular direct debit payment of £97-ish. So will this cover usage between 2 September and 14 September? + +I can still access my account on their website, which shows a 'live balance' of £36.84 credit. + +Do I need to do anything, or just sit back, (keep records) and hope the system works? +Let's say I sell stocks and want to transfer funds to a saving account at the local bank. Would it raise any alarms if I transfer 5k, 10k, 20k, etc? I'm fairly new to investing, but curious how this is handled. +Hey all, just had an offer accepted on a house and was wondering if anyone's wisdom can cure a bit of anxiety I have about it. + +So the seller has accepted an offer of 245k, and I've been planning to put down a deposit of 30k, with 3k allocated to any additional fees attached to the process. + +My anxiety is this. Due to the timing and the faster than expected turnaround of getting the house, the deposit and the 3k getting spent is going to absolutely drain my bank account, as in I will drop below what I would consider a suitable emergency safety net. Now, this wouldn't be a problem if I didn't have to shell out before the next pay cheque. So when exactly am I expected to pay the deposit and the fees for my mortgage? As soon as possible? As soon as the seller is okay and confirmed a date to move out? As soon as I pick up the keys? + +I only need to get paid this month to have enough funds to feel 'safe', and the seller estimates they will be out of the house in 3 months. + +Am I worrying over nothing? I don't want an emergency like my cars clutch exploding, on top of paying for bills and rent to leave me penniless for the rest of the month. Last thing I want is to find myself short for an unexpected outgoing. +I currently have a Volkswagen Golf 1.4 TSI. It’s nice, but I can upgrade to something more luxurious, sporty, or future-proof. + +With it recently being announced that the sale of cars that use fuel will be banned from 2030 (and hybrids in 2035), should I now look upon petrol and diesel cars as assets that will depreciate in value far too quickly? + +On the flip side, electric cars are *expensive*. I don’t know much about the cost of running and maintaining them, but you’re looking at a £10,000+ premium to buy a car of the same class as I could buy as a fuel version... that’s the dilemma! + +* Of course, cars are usually depreciating assets. I just mean, in terms of an upgrade, is the supposed upgrade more expensive in real terms than it first appears on paper, given the fairly imminent shift to electric. +**UPDATE**: I got it resolved! I replied to their email with only the police report, FTC identity theft report, proof of residence, and a copy of my drivers license (I did not fill out their affidavit or give them my SSN). I also mentioned the CFPB and formally requested they close the account and provide confirmation in writing. They emailed back within the hour and it was done. Jesus Christ. Thank you all so much, I did not expect so many responses and it was incredibly helpful. + + +**ORIGINAL POST**: I got a debit card from MetaBank/MoneyLion in the mail, correct name and address, but I did NOT apply for an account with them. I did not activate the card, and found the support number on their website. Customer service opened a case and told me they'd email me an affidavit that I'd need to have notarized and return. They couldn't tell me anything about the account (which state it was opened in, if there was money in it). They also said they couldn't cancel the account until I returned the requested info to their fraud team. + +I get the email from their fraud department a few days later and they are requesting the following, along with the affidavit: + +\*\*A copy of a Police Report stating that you are the victim of Identity Theft\*\* + +\*\*A copy of your valid and unexpired Driver’s License or Government Issued ID\*\* + +\*\*A copy of your Social Security Card\*\* + +Excuse me, but I never requested this debit card to begin with. I am not going to give them any more of my personal info. Is there a way I can report this/have the account closed without dealing with them directly? I live in Kansas, if that helps. + +Edit: here’s the letter. +Front: https://i.imgur.com/0ZiqgPU.jpg +Back: https://i.imgur.com/3zdKEeI.jpg (note no account #) + +Here’s the email from the fraud department: https://i.imgur.com/ayjhQ48.jpg +Had a falling out with a friend last week and one of their last comments were "look at you, still living at home" - of course I laughed but it got me thinking, who else is still saving up to be FTB's? +Throwaway account for privacy purposes. Also I'm not sure if I'm allowed to name the bank? + +In June, my bank closed my current account containing my life savings. They had sent 3 or 4 letters previously warning of the closure of a so-called trust account but since, for security reasons, they did not include a recognisable account number, I had no idea they were referring to my current account, which I used every day, which was always referred to as my select account on all my statements and correspondence with the bank. They also said they'd lost the original documentation on the trust, so I should send it to them. I'm like, What trust? As I've slowly been remembering how I set up the account originally, there's a couple of complicating details which I'll add below if asked. + +In the two months since then every enquiry I've made about getting my money back has led nowhere, I've been told things that haven't happened, I've been through the trust acct dept, the reclaims dept, customer services and my local branch. From some of the phoneline responses I get the impression there's a bunch of people who have had their accounts closed because they didn't realise they were trust accounts. + +I just don't know what to do now, I feel like an invisble ghost who no one is listening to. My questions are: + +1/ Is anyone else struggling with this? + +2/ I'm going to put in a formal complaint through the bank's own system. I'm also at the 8 weeks mark for going to the Ombudsman. I'd appreciate any help in how to frame what has happened in correspondence, and any other suggestions of what to do next. + +I'm not a confrontational person and it's like I'm facing a blank wall, and every time someone connected with the bank says, Do this, and it will be solved, give it 5 -10 working days, at this point I feel it's just the run around and delaying tactics. +TL;DR: Attempt to get consecutive accounts failed. Evidence supports the checksum theory. + +You may remember my [previous post](https://www.reddit.com/r/Superstonk/comments/q1b2bk/we_have_a_long_road_ahead_computershare_accounts/) regarding calling ComputerShare to try and get confirmation of consecutive accounts existing. If you didn't read it, the phone rep couldn't find a valid account within 8 numbers of my account. I hypothesized that we may be off by a factor of 10x when relating the high score to the number of accounts. Some apes speculated the last digit could be a check digit. As I said in that post, I've been trying other means to figure this out and one of them was attempting a simultaneous buy to see what numbers would result. + +**What I did** + +Last Wednesday, 9/29, I opened two browser windows, logged into my CS account and initiated a new purchase. When doing that you can choose to have it open a new account, or add to your existing. I opened new accounts. I filled out two orders for $35 and $40 to make sure neither CS nor my bank saw it as a duplicate transaction. With the windows side-by-side I submitted them within a second of each other. Click - Click. + +**What Happened Next** + +I received two confirmation numbers for the transactions. They seemed specific to GME and were 6 numbers apart. Despite my quick clicking, they registered in CS's system as being 6 seconds apart: https://imgur.com/a/5stDN8E + +"Did 5 other apes really buy in between my mouse clicks?" I wondered at the time. Maybe? Or maybe confirmation numbers aren't consecutive. Interestingly, both numbers end in 9X so I think we can safely say the last digit is not a check/parity digit when it comes to purchase confirmation numbers. Then I waited... + +**CS Account Numbers** + +The fractional shares purchased Tuesday morning for $172.1391/share. This morning the shares settled and showed up in my account with their new account numbers: +https://imgur.com/a/3Rj39DV + +Alright, what do we have here... exactly what I was afraid of. The redacted digits match, but the numbers aren't consecutive. The tens digit is though and for both numbers they do pass the Mod11 test from user u/AdequateArmadillo as [posted here](https://www.reddit.com/r/Superstonk/comments/q2w98c/drs_reality_check_the_news_you_did_not_want_but/). + +Also of note, there is another number on each statement 000477 and 000478 which are obviously consecutive. Are these statement numbers? Are they a counting of each letter written that day? As they are consecutive that indicates to me the strong possibility that these two accounts are "consecutive" in the CS system, though not consecutive in account number. I reached out to CS through chat about the statement numbers, but all I could get was that they were a "system-generated number." + +**What do we know** + +No speculation here, just what we know: + +* Since the gap in confirmation numbers was 6 and the gap in account numbers is 8 there is not a 1 to 1 relationship between account numbers and confirmation numbers. +* My account numbers match the high score range on the day the shares were purchased, and are lower than last night's high score. I think it is safe to say account numbers are generated on the day of share purchase while transferred shares have their account number generated on the day the shares hit CS. + +**Now I will Speculate** + +I would guess that each high score winner to date has been an account created via transfer. Perhaps u/stopfuckingwithme or any of the winners can confirm this? I think the theory that account numbers are created at share purchase and at receipt of transferred shares explains the question of why some users are finding their account numbers to be well below even the previous day’s high score. + +Is it possible that 7 apes managed to buy/transfer shares into CS between my button clicks? Yes, absolutely. Is it possible that CS doesn't assign account numbers for share purchases based on order received, but rather does them randomly? Yes, absolutely. Is it still possible that account numbers are sequential and consecutive. Yes, absolutely. + +**I don't think we KNOW anything new.** I will say this, personally, I think this strongly supports the check-sum theory. The fact that my two statements have consecutive "system-generated numbers" leads me to believe these letters were generated in sequence. + +I now have 3 accounts. All 3 pass the MOD11 test. Now, if account numbers were consecutive, obviously 10% would still pass the test. The odds of me having 3 such account numbers is 0.1%. Unlikely but possible. + +**Why does this matter?** + +I think we should accept the - *to me* - very likely possibility that the High Score is 10x the total number of accounts. But ask yourself this. If the High Score posts never happened, and we had no idea how many people directly registered, and I made a post saying we have 45,000 new accounts in under 2 months, would you be hyped? I would. From other posts it's reasonable to assume there are about the same amount of DRS requests still in the queue at TD. Fidelity is still doing 2000 DRS a day. The High Score meter still is very likely telling us that the number of accounts created each day is increasing. This is big. + +Momentum is still increasing. More apes every day are deciding to directly own their shares. It will likely take longer than we initially thought to register the float. But that's ok, this whole thing has taken longer than we thought. Not financial advice, but for me - this makes me realize moving even more of my shares to ComputerShare is the right thing to do. I like the stock and I like it even more when it's directly registered. + +Footnote: I know that u/kilsekddd is also running this same experiment. I look forward to comparing results when their shares settle next week. + +**Edit:** I looked further, my payment instruction documents are also consecutive: https://imgur.com/a/OolrI0w + +Just another possible data point to support that these transactions were consecutive in the CS system. Does this mean that 2000 people did direct buys by 7PM on the 29th? That would be very interesting. If there's interest in trying to collect these letter numbers for different types and different dates I would be very interested in helping with that effort. +As more retail investors become interested in investing in the financial markets, the more information available to the general public, the better. + +Recently, there have been some [Congressional hearings in the US](https://www.nytimes.com/2021/03/17/business/gamestop-hearing.html) in the wake of the ongoing Gamestop saga in which questions have been raised over the practice of Payment for Order Flow (PFOF) which has become more common and a core part of the business model for no commission trading pioneered by Robinhood. + +While PFOF is not a new practice, it is seemingly becoming more common as more brokerages follow Robinhood's model in order to compete for the burgeoning retail trading business. At least in the US, it appears fewer brokerages are now offering the traditional commission based trading structure: Fidelity, Merrill Edge, Interactive Brokers (but not their newer "IBKR Lite" platform) are some examples (are there more?). + +PFOF is banned in at least two other jurisdictions: the UK and Canada. + +Rightly maligned for his prior fradulent behaviour in his pump and dump "boiler-room" schemes where he took up to $200 million from investors, the infamous "Wolf of Wall Street" recently gave an interview in which he discussed the topic at hand, shedding a bit more light on the practice: + +[Fortune interview with Jordan Belfort, the "Wolf of Wall Street"](https://fortune.com/2021/03/21/bitcoin-stock-market-jordan-belfort-small-investors-wolf-of-wall-street-interview/) + +>"It's the most expensive 'free trade' you can have," says Belfort. "I saw a marketing demo from one of the big 'free trades' players advertising how they were 'helping the little guy,' and they're hand in hand with the big guys. It was like a betrayal of trust." He says that market makers pay so much for order flow because it gives them an exclusive window into where the market is moving. When firms see tons of orders coming in for Tesla, they can purchase shares for their own account, pushing up the EV-maker's prices for their clients when the next flood of orders arrives. "Order flow is everything," he says. "It tells you where the market is going next. It gives the high-frequency market makers a crystal ball and puts the small investor at a big information disadvantage. Seeing all that order flow gives a market maker information that the public doesn't have." +> +>.. +> +>In his example, if the market maker buys XYZ at $50.01 and sells at $50.09, it makes a fat, 8¢ spread. But if the firm "worked the order" by seeking buyers willing to pay a bit more, it could purchase for on behalf of its client at $50.05, and sell at $50.06. The seller gets 4¢ more, the buyer gets 3¢ off, and the trade costs the little guy just 1¢ instead of 8¢. "Traders' compensation depends on marking up trades and keeping wide spreads," he says. "You'd have to be Mother Teresa not to fall for that temptation." + +[How Robinhood (and the other brokerages that have followed them) Make Money on Trades Despite Taking No Commissions](https://www.cnbc.com/2020/08/13/how-robinhood-makes-money-on-customer-trades-despite-making-it-free.html) + +[Bloomberg Opinion Article on Payment for Order Flow](https://www.bloomberg.com/opinion/articles/2021-02-05/robinhood-gamestop-saga-pressures-payment-for-order-flow) + +[Investopedia Article: What is Payment for Order Flow?](https://www.investopedia.com/terms/p/paymentoforderflow.asp) + +>..payment for order flow is a practice pioneered by [Bernard Madoff](https://www.investopedia.com/terms/b/bernard-madoff.asp)—the same Madoff of Ponzi scheme notoriety. +> +>The Securities and Exchange Commission (SEC) said, in a [special study](https://www.sec.gov/news/studies/ordpay.htm) on PFOF published in December 2000, “Payment for order flow is a method of transferring some of the trading profits from market making to the brokers that route customer orders to specialists for execution.”  + +[Payment for Order Flow is banned in the UK](https://www.cfainstitute.org/en/advocacy/policy-positions/payment-for-order-flow-in-the-united-kingdom) + +[Payment for Order Flow is also prohibited in Canada](https://www.gbm.scotiabank.com/content/dam/gbm/market-insights/etf/october/2019-10-02-Free-Trading.pdf) + +The SEC ultimately decided against banning the practice in the US, citing the potential benefit to investors in encouraging competition that would presumably increase execution quality. + +One last link: [the SEC charged Robinhood in 2020 for misleading customers about revenue sources and failing to satisfy the duty of best execution (fining them $65 million).](https://www.sec.gov/news/press-release/2020-321) + +What are your thoughts on PFOF? Does knowing about it affect your choice of brokerage? Should it be banned in more jurisdictions? +With everything that is going on, I think a recession is now pretty much inevitable. I'm in sales, which is always a high risk field when the economy tanks, and my large multinational company has already forced all employees to work from home indefinitely going forward - I'm getting concerned that a downturn is now already in progress and remember 2008 too well. + +I would get redundancy pay but am going to start putting more into my emergency fund, just in case. Anybody else planning something similar? +A recent conversation with my dad had me wondering about how close (or far away) the US economy was to collapse in March 2020. Basically, we come to a point in the discussion where we couldn't figure out if the circuit breakers used during this time period saved the economy or not. For context, the circuit breaker is almost like the Hail Mary of damage control in the stock market; a circuit breaker pauses stocks for 15-minute intervals. The circuit breaker was created in the aftermath of the 1987 stock market crash where the Dow dropped over 20% and since then has only been used five times. Once in 1997, and FOUR TIMES in March 2020. **Sooooooo... what would have happened if we didn't use a circuit breaker back in March 2020?** + +Edit: Some of you are confused and Im sorry for using grammar that caused this confusion. Im asking directly about the effects the circuit breaker had on the stock market. I understand the economy and stock market are not the same + +Edit 2: So basically the answer is it is hard to tell how much the market would have dipped if not for the circuit breaker. This does not mean a market collapse/crash would have happened if the circuit breakers never went off, but instead kept people from losing money due to market algorithms "panicking" and "driving stock price down" (also people from getting margin called) +I worked for this company as a summer job and ending up quitting around august with no 2 week notice. To my belief, I thought I was going to receive my last pay check through the mail but did not. I never received an email from my employer about my final check. Just an email a day after I left to make me feel bad about it. It is almost December, so I emailed him if I was getting the check. He replied that “after 90 days they expire and that the company was sold, all accounts closed”. I live in the state of Georgia. What should I do? Or what can I do? +I am seeing a property for $70k with an 8% cap rate in a small town. Apparently, a post office in the building signed a lease for 5 more years. Is there any risk with this purchase? How possible would it be for the post office to decide not to renew the lease after 5 years? + +I am struggling to find the catch or why someone would sell a property like this. +I have 10k tied up in an I-Bond that I need as part of a down payment. It is still in the one year maturity stage and I can’t pull it out before then. Am I able to transfer this over as a gift for part of the down payment? I did not originally buy it as a gift. + +The downside would be that they’d have to wait until it matures to 1 year to receive the money, so another 9 months. The upside would be that it’d be worth closer to 11k by the time they can pull it out. Is this even possible? I would be using a DSCR loan. +Here's another sfh brrrr I bought for 132k 9 months ago I offered 50k earnest money non refundable with no contingencies. I was up against 25 or so investors on this deal it was a busy open house. + +I put down initially 10% down hml 13k plus 6k closing costs so 19k down. I asked for 40k rehab but only used 30k so my invested capital went down from 19k to 9k. This cashout I'm getting only 1k which leaves my invested capital at 8k. I recieved 2800 deposit so in my eyes that reduces my investment to 5200 of capital invested. In my view when these tenants leave I'll get a new deposit from next tenants but everyone will view this differently. + +I have 5k invested and 54k in equity within 6 months of purchase. In these past 6 months Ive cash flowed 900 a month(5400 total) so property is 100% COC . All within 6 months of purchase. + +I rehabbed the home completely from new roof, painted and repaired siding. Replaced few windows, new 100% kitchen from lights, cabinets and floor. Ton of rehab new water heater. All new appliances. The home will be trouble free for 10 years easy. The floor is vinyl plank waterproof. + +Before you ask why the rehab was cheap. I have my own full time crew. I didn't pull permits because that's a pain in the ass I prefer not to deal with. 1 permit(plumbing) alone can take 4 weeks to get approved and it extends rehabs to 3-4 months instead of 3 weeks. + + https://imgur.com/gallery/Virnmap + +Edit: I just remembered 2 years ago i was going to sell a property and had all electrical redone and water heater without permits and it passed both inspection and fha appraisal with no issues. I canceled the sale because buyer wanted extension so i just rented it out. Flipping to sell was horribly slow. +I live in a high COL area (SF). I have a rent-controlled apartment which I am going to hang on to for as long as possible. + +&#x200B; + +I've got about 50k saved up and want to get into real estate investing. If you were me, how would you go about this? +I just bought a 3 bed/ 2 bath to rehab and rent out in the high desert of California. I just watched a video yesterday how rivers in Colorado and even all over the world are drying up. + +&#x200B; + +What's everyones thoughts on this as we'll prob get more heatwaves in the decades to come. Specifically your thoughts on buying in the high desert lol. +I've been looking at real estate all around the country and every single place seems to have a "crazy market right now". It's there anywhere right now that's just stagnating? People are saying it's low supply in cities, but also that covid is causing people to flee the cities now that they can wfh. Something has to give right? Do you think we'll see a market correction or is this just the new normal across the board? +This is my partner's story, I've written it with her permission (she CBA writing it up but I find it so interesting so I thought I'd share it with you). + +I've always been good with money - although sometimes a little too good. I'm great at planning, budgeting and spending responsibly although I can sometimes be overly anxious. My partner's a deeply smart and capable person, but was always quite carefree and a bit scatty with money. + +She got into trouble a few years ago with compulsive and reckless spending culminating in £10k of hidden credit card debt that she eventually had to tell me about. Since then she's worked herself out of it and become really engaged in managing her own finances (she's been seeing a therapist too, which has touched upon a lot of the causal factors). It's quite a transformation so I've been having a lot of non-judgemental conversations with her recently to unpick what caused it and what helped turn it around. Buckle up: + +&#x200B; + + +My partner grew up in a stable household with a good income, but one that wasn't a great example of financial responsibility. One parent was so stressed by money that they abdicated all responsibility to the other parent. The other one has quite a baby-boomer shopaholic sort of attitude - Shopping was their hobby, and the kids always got whatever they wanted. As crazy as it sounds, I think that meant she never quite got into the mindset that shopping was related to money. Obviously she *knew* it was, but she wouldn't be in the habit of thinking of money when she was shopping. + +&#x200B; + +When we left uni and started crap grad jobs on low incomes, my partner actually did ok. Money was so tight that she knew she couldn't spend much. It was (counter-intuitively) when she started to earn more that things started to go wrong. She did pretty well in her career, and had plenty of disposable income. The crux of the problem (I found this so interesting when she described it) was that she didn't think of money in numbers, she thought of it in feelings. I would have said I earned £2000 per month and had £500 disposable income after bills. She would have said she earned "lots" and could spend "lots". + +The next thing to go wrong was hitting a rough patch in our lives and mental health. My partner struggled with depression for a while, and purchased a lot of clothes online. That actually made up the bulk of the £10k debt. She hid it from me - she was getting stuff delivered to work, hiding clothes around the house, not bothering to return stuff that didn't fit. It was all about getting an endorphin hit. + +She never wore a lot of those clothes - it was about clicking "buy". It sounds nuts (and it drove me round the fucking bend at the time), but it's a classic comfort behaviour - Shopping was linked to childhood happiness and carefreeness, and she was trying to bring some back into her tough and serious adult life. It was hidden because she was ashamed - we think there are elements of her upbringing at play here too - her parents grew up very working class, and there was a big culture of not admitting mistakes or exposing weaknesses. She tended to get very defensive if she ever thought she was going to come under scrutiny. + +&#x200B; + +I think it's also tough because of gender and class biases. If you Google it, there are plenty of articles about high earners that are piss poor because they can't control their spending, but they're ashamed to admit it because people will just tell them to stop complaining. I think there's also a gender thing at play, she could be seen as a "silly little girl that spent her money on clothes". Sadly if you're seen to be suffering "first world problems" a lot of people will be inclined to sneer at you rather than help. + +&#x200B; + +We had some difficult conversations where I had to stand my ground - I insisted she paid me back when she borrowed money, refused to get a joint bank account with her, refused to make joint purchases unless she could show me a savings plan that would get us there. I don't think she'd have ever consciously stolen or taken advantage of me, but I do think a lack of care and logic about money would have resulted in her roping me into irresponsible spending too. I see a lot of posts on Reddit about this - family members that have the best intentions but end up bringing others down with them. + +I did try to talk to her about budgeting or saving, but it took her hitting financial rock bottom for things to change. She was skint and miserable because she was spending all her money on credit card repayments for clothes that she'd never worn. She saw herself falling behind friends that earned half as much but were able to afford nicer things. It really took some pain, some impact to her life to make her want to change. She started opening up about it, asking for help in making a repayment plan, budgeting and figuring out what she could spend vs. what things cost. + +&#x200B; + +Her compulsive spending was caused by feelings of unhappiness, not being in control of her life and not living the life she wanted. Ironically, the spending was compounding those problems. Breaking childhood habits and gaining the the insight and knowledge to control her finances and her feelings towards them was the thing that kinda fixed it. Instead of feeling crap because she can't afford her dream home and buying a pair of shoes to make herself better, now she's looking at index funds and SDLT rates to figure out how to make that dream home happen. + +Fast forward to the present day, and she's almost paid off her debt. She's a budding expert on pension funds, investing and saving, and she's even the driving force in our joint finances. We might not always be well off, but whatever the future holds, I'm fairly confident that we have a stable and rational approach to our finances now. + +&#x200B; + + +So what I've learned is this: + +* Non-judgemental conversation is key. As maddening as it is, addictive or irrational behaviour can't be reasoned with or argued away. You need to listen and understand the root of the problem before you can do anything about it. +* But it's not all about being soft and understanding - Maintaining your boundaries is key if you want to help them. Don't let them bring you down too. It's ok to look after yourself; it's ok to refuse to join in with reckless behaviour. +* They probably need to hit rock bottom before they're going to be incentivised to change. +* Childhood experiences and family culture are a huge influence on how people relate to money and deal with adverse situations when they arise. +* Mental health issues can make smart, loving people do stupid, harmful things. You have to separate the actions from the person doing them. +* Helping them build the logical, numerical link between earning and spending might help. Things that helped us were: + * A non-judgemental look through her bank account. Identifying things that did/didn't have a big impact and relating them to each other. She was worried about the cost of takeaway coffee, but we were able to see that she could keep enjoying those, clothing was basically the one thing wiping her out. + * Creating savings plans for big purchases really tempers the impulse buying. For a while, when she came up with a ~~bad~~ new idea for a big purchase, I would get her to look at our disposable income and come up with a plan to save for it. Most of the time, the impulse would subside after a few hours (especially when it was going to take us four months of saving to afford whatever it was). + * Showing the impact of debts on your disposable income. I showed her that her £60k salary felt like about £23k because so much of it went straight down the drain on clothes and debt. + * Explaining things like compound interest and the benefits of paying into a pension ("Every £1 you put in now will feel like about £10 when you're older") help create a positive situation to aspire to. + +&#x200B; + +The best bit is we both have a future. Six or seven years ago, I just couldn't see how we'd be able to build a life and have a house and kids. I couldn't see how my partner would be anything other than a liability and a negative force in our finances. Now we're a team, and we're building the life we want together. +For the past several years I've only been invested in equities and never really paid any attention to Gold or publicly traded gold miners on the TSX. Recently, I bought a Gold miner and enjoyed some nice gains as gold rose to ~$1700USD. My understanding for the rise was that the stock market was taking a hit because of COVID-19(Coronavirus) fears and so investors were piling into the safe haven, which is gold. + +This past week, the major indexes continued to take a hit but Gold went down. On Feb 24th @$1672 to $1580 by the end of the week. As a result, most of my gains in the gold miner were wiped out and I'm at break even now. + +Why did gold go down as markets continued into the red? I thought there was a strong inverse correlation between the markets and gold which should have gold continue to go higher. Is there something else that gold is correlated to? I've just recently read that it has something to do with the US Dollar. As USD goes up Gold goes down? +This stock has been so surprising to me. A&W is good business overall and this looked like an Ok investment when it traded between 37$ - 40$ with a 5.5% yield. + +I feel like I missed the boat when this dropped to around 20$ in the initial crash, then again around 21.50$ last week. + +Despite decreased sales due to limited restaurant operations, and also despite suspending its distributions this stock has proved quite resilient on it's way back up. Probably more dips ahead, but the overall trend and sentiment seem to be that this investment is a stable one under normal circumstances. +Hi everyone. + +I just want to open a discussion and see what people think. I often hear that dividend/passive income is for people approaching retirement age. However, as someone who just graduated with a bEd, I definitely won't make a lot in the next few years. + +I have some growth stocks but limited capital at the moment but I want to make my investments count. I am specifically wondering about dripping REIT stocks and receive the capital 10-20 years from now. + +This was cross-posted to stocks too. +Four of the big five Canadian banks are currently trading down more than 20% from their February peaks. TD, RY and BMO all have dividend yields hovering around 4.5%, CM and BNS are close to 6%. Is this just a case of all sectors being affected by a broader market sell off or is the market appropriately pricing risk? + +Obviously, there are some things to be wary of. + +* Rising rates could leave the banks exposed to risks of defaulting borrowers +* Reduced housing market activity means fewer new mortgages +* Increased default risk from a larger number of HELOC borrowers +* Potential special bank tax from the federal government +* Possible economic downturn of unknown severity caused by rapidly rising borrowing costs and reduced consumer confidence, this could prolong the period of lower new mortgage activity and again lower interest rates + +What are peoples’ thoughts? Does this a sell off indicate the market expecting dividends will have to be cut in the future? Are there any risks I haven’t considered? +Update: this will vary day to day but Norbert's Gambit looks worth it for values above $1700. Forex will probably be greater than $20. Below that, forex might be <$20. But that's a moving target. + +I'm looking at buying some US ETFs (SHE, SPYX) to get my toes wet with investing. I'm using RBC Direct Investing. I only have 2K at the moment to play with and to me, it looks like converting this to USD in RBC is better than doing Norbert's Gambit which will cost me $20 in fees ($10 to buy, $10 to sell). But everyone is telling me to do Norbert's Gambit when exchanging funds between the US and Canada. Am I missing something? + +Also, some guides say to have both a USD and a CAD trading accounts but my current TFSA DI account can have both USD and CAD funds. Should I have dedicated accounts for US and CAD trading or is just the one dual currency account ok? +Im currently in the process of moving from Qtrade to Ibkr so I withdrew the USD i had and tried to deposit that into my Ibkr account but the rep is telling me that i cant deposit USD directly to tfsa. Is this the case for all brokers and for tfsa in general? Or is this a ibkr thing. I really dont want to have to go through the hassle of converting to CAD, deposit to Ibkr and then converting again. + +Edit: if I have $10k Usd to convert to Cad, how should I go about doing this? Should I norbert gambit it back? Or should I withdraw the Usd to my checking account and convert thru the bank? +Hi everyone. I have a 300k LOC at an interest rate of 2.2% that is not being used. I don’t have to make principle payments on it for another 4 years on it. + +Already have investments in XEQT, TEC, AAPL, VRE, BTCC and some of the banks (TD, RY, BNS, and CM). + +I’m deciding if I should go in further with the banks given their high dividend payout or put it all into XEQT. + +Thanks for the help! +Hey guys, + +My parents have been investing with Edward Jones for a while and I looked over their statements the other day out of curiosity. Their advisor has them in some bullshit mutual fund. They've made 3% over 3 years which is unacceptable. They also charge $2000/year for their services and I don't even know if they have front end/back end loads on them. Its horrific. + +I told them I do my own investing (portfolio currently at 15% for the year [VTI ETF, plus some TD and LULU]), and they still were skeptical in switching and doing their own investments. + +"Do you really think you know more then those guys?? They're professional advisors." + +How do I get them to switch? They won't listen to me! +Seems polarizing; either it’s an incredible discount for what companies are worth after current events pass, or Canadian oil will be obsolete after said current events and you will lose a lot of money. I’m no expert, curious as to your thoughts? Cheers +Okay I'm having a bit of a Charlie Kelly moment and I'm here to confirm your bias around the whole Credit Suisse debacle. + +[Me rn.](https://preview.redd.it/xqtx4hvhvdr91.jpg?width=1024&format=pjpg&auto=webp&s=b3750b69fe0c1ba9a21665f1ebea22140900c16d) + +If anything, swiss history has shown that the Bundesrat (executive branch of swiss govt.) have always been very closely involved if prestigious swiss companies were on the brink of financial collapse. + +Just some examples: [SwissAir 2001](https://www.swissinfo.ch/eng/multimedia/national-legend_swissair-grounding-15-years-on/42481312), [UBS 2008](https://www.swissinfo.ch/ger/finanzkrise-2008_der-tag--an-dem-die-groesste-schweizer-bank-gerettet-wurde/44475002), and [Axpo just a couple of weeks ago](https://www.swissinfo.ch/eng/leading-swiss-energy-company-granted-loan-to-avoid-cash-crisis/47878398). + +And now, Ueli Maurer, the current Minister of Finance and the guy who would be in charge of dealing with the entire shitshow of an imploding Credit Suisse, is running for the hills. This also must have come as a surprise to his own party who ["strongly regretted his departure".](https://www.swissinfo.ch/eng/swiss-finance-minister-announces-resignation/47943260) + +To me, this sounds like a "Fuck this shit, I'm out"-moment from my guy Ueli. + +*Edit 1:* u/PilbaraWanderer *politely pointed out that Ueli will be stepping back in the end of the year, which makes the connection to CS somewhat weaker, thanks ape! My bias remains confirmed nonetheless.* + +*Edit 2: Put in some thought regarding Edit 1: I think it's fair to say that it's not likely that Ueli would be in charge of dealing with the potential CS meltdown EVEN if he remains in office and CS goes bust before he leaves.* + +*Maybe a precedent: During the fallout of UBS during 2008 the minister of finance back then, Hans Rudolf Merz, suffered from a heart attack. He was also openly against bailing out UBS.*  + +*His Bundesrats-Colleague Eveline Widmer-Schlumpf temporarily took over while he was out. She on the other hand wasn’t as reluctant regarding the UBS-bailout and the rest is history. UBS was bailed out with a combined $60B from the state and swiss national bank.*  + +*So IMO it could very well be that an other Bundesrat takes charge in this matter if shit hits the fan since Ueli is on his way out. But make of this what you will.* + +Fuck it, I'm calling it: Credit Suisse is this financial crisis' Lehman and Bear, and the failed bet against GME (and the whole meme-basket, assuming the theory is correct) is the toxic MBS in their books. + +I don't have hard evidence but just look at their Chart. When did CS start trending down? Just after the Flashcrash in March 2021, just as Archegos imploded and exposed them to losses of \~$5B which likely included a bunch of failed GME-bets. It's all downhill from there. + +You know what else also started to soar towards the end of March 2021? Inflation and RRP. Is it connected? I have no idea as I don't know shit about fuck but I like to think yes. + +Also, Credit Suisse seems to be involved in the "brazilian puts glitch" surrounding GME, as per [this article](https://upsidechronicles.com/2021/12/02/gamestop-glitch-data-reporting-idiosyncrasies/) shared a couple of hours ago by u/easteuroblondie. Was it really a bug like Bloomberg said or did Credit Suisse get caught can-kicking the biggest bag of odorous excrement ever assembled in the history of capitalism? + +Flaired as speculation for obvious reasons but I'm putting my money where my mouth is – I DRS'd another 40 babies on friday, be feeding the bot sometime next week. + +And I'm gonna call my mom. + +BUY. HODL. DRS. 🚀🚀🚀 + +Edit: Spelling +So I just got a notice in the mail that my health insurance is going up from $163 to $273 (YAY for a 60% increase). I just checked Healthcare.gov and there are cheaper plans. + +I am a student, age 25, working part-time at my University in Texas. I'll be graduating in May and hopefully find a job that will offer insurance. Until then what are my options? + +Edit: Just want to say thank you to everyone in this thread for all the great advice! +I’ve saved up 100k USD in the period 2009-12 playing online poker. Is it a mistake to let this money continue sitting in my bank since 2012? + +I am currently renting a 1 BR apt since 2013 for around $1k/month as well, should I get some advice on buying something from that money? I have zero knowledge about investing or real estate. + + +Not an expert in Options - to say the least! Any views much appreciated. I hope this is OK here. + +I am fortunate to be getting my hands on some cash shortly, through inheritance sadly. The amount will exceed that which I am willing to leave in any bank account due to my concerns regarding future bank bail outs and so I was planning to buy real assets with much of it. For my sins I am a believer in Gamestop and would like to use the money to acquire 1000 shares of that specific stock, though this question could apply to any stock. + +I already own 200 shares at an average cost of $145. Which, though underwater a little, I am very happy with at that price. + +If I had the cash already, I could of course just buy the 1000 shares on Tuesday with cash at the current price of $123 - totalling $123K. However, I am actually quiet relaxed about my entry point(s) regarding the price of GME. I would love to buy at $90 of course, but I am still happy buying more at $145. I realise that might sound nuts if you are not a devotee of the company. + +On that basis it occurred to me that I could probably find a way to acquire the target 1000 shares using options and options premiums to enter over time, rather than all at once. Hopefully minimising my average cost per share. + +So use the sale of Puts/Calls to generate Premium, which can be very significant on this stock. Buying the shares when required/assigned etc. As a thought experiment, how would one go about this in the most efficient way if I was happy to pay up to $145 for shares. + +Or, am I an idiot for over thinking this and I should just buy the shares as I normally would and forget Options? + +Thanks. + Hi everyone, + +I've seen posts from people who retired for a few months and eventually went back to work because of money/motivation/meaning. + +I've experienced this myself: I took a break from work to recover from burnout before I hit my full retirement number. So far it's been extremely useful; I've been able to recover from burnout, explore personal interests, and reflect on what I want to work on in the future. I'll probably go back to work in some capacity, but I now have an understanding of my goals and motivations that I wouldn't have if I had continued to grind it out at my old job. + +My hypothesis is that a sabbatical is more effective than FIRE for helping people find meaning and enjoyment in their lives. + +**Sabbatical Pros** + +* Available much sooner than early retirement; only need cash to cover \~12 months expenses. +* Better suited to time-sensitive goals like recovering from burnout, traveling, or raising a family. +* Provides time and space to reflect on what is important to you and pursue aligned work. + +**Sabbatical Cons** + +* Still need relatively large cash reserves. +* Potential to lose career momentum. +* Pressure of having a defined runway/knowing that you will need to return to work eventually. +* Loss of meaning, power, and social network from job. + +Put a different way: instead of saving for decades only to discover that retirement doesn't bring the satisfaction you thought it would, take a short work break now to enrich your life and redefine your relationship with work. + +Has anyone here taken a shorter work break to re-orient their lives? + +Has anyone here returned to work after they thought they had retired forever? +I think a lot of people here think a bear market means the drop will be swift and they will buy the dip and make money quick. When in reality bear markets go on for years. You investments could lose money for years. + +For instance SPY declined for two years after the mid-2000s and about two years again starting in 2007. + +If you are long you are fine but I think since its been so long without a bear market people are forgetting you could lose money for years if you are not averaging down and being patient. +The title basically sums it up; this has been pretty annoying in the past, and I just saw another example of it recently (as in, right now) with 1K+ upvotes. This type of posting is purely karma-whoring and it pollutes the superstonk feed while adding zero context - and rather, it is misleading - by omitting dates. I surely can't be the only one this drives bananas? +Nearly $100 million shorts have been liquidated over the last hour (https://www.bybt.com/LiquidationData) leading to the large rise in price. BTC is heading towards its 10th daily green candle. I went back as far as Dec 2013 and couldn’t see any 10 daily green candle consecutively (correct me if I’m wrong). We could be making history tonight and we’ll all be apart of that. + +Edit: as pointed out the highest is actually 13 candles back in December 2011, 11 candles back in September 2012 and an another 10 candle movement in Oct 2013. (I’ve checked these on the BITSTAMP chart) +I don’t care if you’re team Bitcoin, Ethereum, Doge, Xrp, or Shitcoin #236. We’re all rooting for a decentralized future; a future without banks, a future without federal reserves, an economic independence. + +We need to stick together as a community if we want to see change. + +Fight the power. Fight the elite. Don’t follow anyone. Put your money towards what you think will help your children, your grandchildren , and their children. + +Fight for a better future. +https://fortune.com/2019/08/20/stock-buybacks-debt-financed/ + +The era of cheap borrowing is fostering corporate America’s favorite investor-pleasing activity: Share buybacks. + +Indeed, more than half of all buybacks are now funded by debt. And while there's an argument that repurchases benefit share prices and investors, at least in the short run, it's questionable whether highly indebted companies should be doing this. Sort of like mortaging your house to the hilt, then using it to throw a lavish party. + +But once a recession inevitably arrives, the result may not be pretty for companies with lots of leverage, in no small part due to buybacks. With corporate debt now higher than its peak in scary late-2008, Dallas Fed President Robert Kaplan has warned, overly leveraged companies "could amplify the severity of a recession." +I'm over homeownership. I just don't want to deal with repairs, yard work, etc. and all the stress and bullshit associated with it. So, the wife and I are considering selling our house and moving into an apartment. We have about 160k in equity which, after selling the house, would be invested in an index fund and left alone for the foreseeable future. + +We've been in the house for 5 years and have a 15 year mortgage at 2%. Our monthly payment is about 1350. Our combined income is 240k pre tax. We max out our retirement accounts plus save a little extra (currently have about 80k in taxable accounts/cash), and our only debt is a car loan at 0% with ~10k left on it. + +Our budget for rent is 2k, which will get us a pretty decent apartment in our city. + +I know financially we can handle the increased monthly cost on rent while making only minimal adjustments to our spending habits but I'm having trouble shaking the notion that this is a terrible financial decision. We've both always been financially conservative, but as our income has grown we're starting to relax a little. Moving into an apartment will simplify our lives, make traveling easier (we travel quite bit as it is), allow us to move to a denser neighborhood with more amenities, and overall improve our quality of life. + +Am I crazy for considering this, or crazy for questioning it? Or just not crazy at all? + + +Royal Caribbean Cruises (NYSE:[RCL](https://seekingalpha.com/symbol/RCL?source=news_body_link)): Q3 Non-GAAP EPS of -$5.62 misses by $0.67; GAAP EPS of -$6.29 misses by $1.27. + +Revenue of -$33.67M (-101.1% Y/Y) misses by $42.38M. + +The company expects capital expenditures of $0.5B for Q4 and $2.1B for FY2020. + +The company expects to incur a net loss on both a US GAAP and adjusted basis for Q4 and FY2020. +Could someone please give me a no bullshit ELI5 summary of when it's a good idea to get private healthcare insurance? + +This is confusing as shit. I feel like I need a fucking PhD to understand what the options are, let alone the fine print. + +[This gov website](http://www.privatehealth.gov.au/healthinsurance/incentivessurcharges/mls.htm) seems to say that if I make over $140k (excluding super?) I have to pay 1.5% of my (gross?) income as a Medicare surcharge (in addition to the 2% levy?). So if a single is making over $140k they're paying at least $2100 as a surcharge, right? So as a quick glance [the cheapest private healthcare I can get as a single is $16.17/wk](https://www.medibank.com.au/health-insurance/singles/), or $840. So does this mean if I were to get this cheap private healthcare insurance (which only covers accidents, something I thought Medicare covers everyone for), and don't use it at all I can save $1260 ($2100 - $840) per year? For doing absolutely nothing at all with this insurance?? How can this make sense? Have I completely misunderstood this shit? + +I'm 28, single, no dependents, in good health with no conditions. The only thing I pay for is dental, which I pay next to nothing for as I get it done at my old uni. + +I'm all for looking after my health but the last thing I want to do is pay thousands more per year just so that I won't have to share a hospital room with someone for a night or two in the ~5% chance I have to be hospitalsed for something. Honestly, as long as the surgery itself is as good and the bandages are sterile I wouldn't give a shit about the rest. + +Aside from a comfortable hospital room what am I waiting for? A shorter wait time for elective surgeries? Like if I damage my knee and I want to get it redone so I can walk comfortably and play sports again I can get it done within a few days rather than within a few months? Can I pay to skip the queue if I don't have insurance? Is there a type of insurance to only pay for this? + +Thank you so much for any help! + +On a side note, does anyone have a suggestion on where I can find a good personal accountant who can help me out with this stuff? Suddenly having an accountant makes a lot of sense... +Hey everyone! Hope you’re all having a good week! + +I just wanted to ask why people felt Algorand wasn’t getting more attention. This question has been sparked by its lack of a price uplift even following the general crypto rally this week. Anyone who has used it can see it is super quick, cheap and user friendly, while also being decentralised. It also has an incredibly gifted dev team and hasn’t (so far as I’m aware) had network outages (unlike other Alts). + +I know that the inflation within Algorand has been seen as a reason not to invest, but given all the other clear benefits I’m sort of at a loss as to why it isn’t more widely touted/ adopted. What do you all think? + +This is not to shill Algo, I’m hoping for genuine reasons why people don’t think it’s a good investment so we can all learn more about broader opinions in the market. +I’ve been researching but can’t make a decision. Looking for intelligent suggestions. Not looking for “XYZ to the moon by the end of the month” kinds of posts. + +I want something to hold for at least the rest of 2018. + +Also if you make a suggestion, at least give a “why” + + + +Thanks in advance to anyone who helps. +I've taken my first steps into the cryptocurrency markets. I have never done any trading. For the past two weeks I have been reading up and trying to learn the mechanics and terminology. + +I bought BTC in for 1.500€ before the dip (at 3.600€) and managed to bring down the average price to 3000€. It was mostly beginner´s luck though and I'm in it for the long term. I put together an investment strategy to which I want to stick. + +Could you please validate this strategy and give any hints? + +- Started with 1500 € + - BTC: 70% + - ETH: 30% +- Ramp up investment to 5000€ + - Twice monthly add 250€ + - Up to 4000€ + - BTC: 50-70% + - ETH: 30-50% + - Between 4000€ - 5000€ + - BTC: 50-60% + - ETH: 30-40% + - Alt coins: 10-20% +- After having invested a total of 5000€: + - If market goes up: + - Until investment is recuperated: + - Whenever increase is 20%: sell 10% of the increase and convert to fiat + - After recuperating investment: + - Whenever increase is 50%: sell 10% of the increase and convert to fiat + - If market goes down: + - When obvious dips and peaks and I'm confident I can spot them: + - Sell and buy dip + - Otherwise: HODL +- Reevaluate strategy every 3 months + + + +EDIT: Regarding the obvious dips and peaks: +Yes, in general I probably won't be doing any swing trading. It'd only be if we're in an obvious massive dip, such as last week's dip with the china announcements. A few prerequisities would need to be met: + +- Very obvious +- Sustained falling +- Continuous "bad" news +- I have the time to keep an eye on it +- I feel confident I can gauge the situation + +In such cases, I would create a limit order to sell at a temporary upwards fluctuation and buy back once it dips under a certain value. Possibly also in increments to minimize risk. But as I said, this would only be when I'm very confident it will do that and also maximum with 10% of my portfolio +Hi everyone, always love reading these threads, didn't see one and so figured I'd start my own. Haven't been paying a lot of attention lately, just sitting on DRK and BTC, and am wondering what new coins have people excited. +Well it’s finally 2019 and I’m still in limbo with regards to my Binance account. Last year, Binance blocked my account that summed up to 1.2k BTC that I was using for arbitrage. Part of that money was mine, but also a part was borrowed at interest so as long as my account is still blocked, I incur losses, which is why I really would like it to be unblocked. Ever since I’ve tried to get it unblocked, Binance has been cryptic and they changed their answer for blocking 3 times. They settled on “internal investigation” and told me to contact the authorities. + +&#x200B; + +As this new year starts, I still haven’t received any news of or help with my blocked BTC situation. I’m hoping that a new year will mean that I can get the assistance I need from Binance to get my money unblocked and returned to me. I understand that as a big exchange, Binance probably has a lot to deal with and doesn’t feel that my case warrants any extra attention, but it would be so amazing if they could just answer me and help me. I know Binance is a well-known, reputable exchange with quality support and my wish is just that they would provide me with more assistance and information like detailed, step-by-step instructions on how to get my account unblocked. I have already provided all the information they could possibly need to prove that I am who I am and that the account wasn’t being used incorrectly and I’m ready to provide it all again and prove that everything is legitimate. + +&#x200B; + +I am working from my side to get the account unblocked, I do have lawyers and we’re trying our best but if Binance would be willing to meet me halfway and provide me with the necessary support to get my BTC back, it would make the world of difference. The process could be shortened both for me and them too. + +&#x200B; + +Anyways, I want to thank you all for staying with me and wish you a happy new year. I’ll continue to post updates until the situation is resolved, but thank you for bearing with me and supporting me through this ordeal. +So I applied for a 10k loan. Haven't been approved yet but it will probably go through. APR will be between 6 and 10% so I just have to beat that and I'm golden. I can easily pay the interest with my day job so it's not going to ruin me. Need to make a kick ass portfolio so I can pay off the loan and let the rest ride. This is what I'm thinking. + +* BTC is at its peak now or near a pull back so I don't want to buy any right now +* BCC is cheap right now and if people move over to it, it will explode +* NEO just exploded but has more room to grow +* ETH idk whats going on for price action, but it is a long term coin to hold for sure +* OMG is all the rave right now, idk about it fundamentals but I think I can make some money off it at least +* FCT has big potential but isn't moving so I will wait until it takes moving to jump in +* ARK has a lot of talk, idk if I believe in it but might make a few bucks off it + +How should I spread the money out over these? Evenly over all of them except BTC and FCT? + +Since Tesla has suspended vehicle purchases using Bitcoin and looking at other Cryptocurrencies that use <1% of Bitcoin's energy/transaction, what could be the next cryptocurrency that can fulfill Elon's requirements and make it to his list? +I think that's my first post on this subreddit. So I hope I'm doing everything right. + +I have noticed that many are very desperate and believe that the world has just set. I just want to give you some courage. Because you all have to think out-of-the-box. + +What has changed in the last few days? The courses went down. That is not really bad. Because most of them would not have wanted to sell in the next few days anyway. Or did you all want to sell exactly before the "crash"? + +Therefore, everyone should think about it, especially the panic sellers, that you still have exactly the same amount of coins in your portfolio as before. Nothing really has changed. + +It only becomes difficult when you sell your coins out of a panic. If you think: "Oh my god, I have to sell fast so that I even get something!". Then you actually lose. But if you just sit back, let some time pass, and look at the courses again in a week or two, maybe in a month or two, you'll realize that this "crash" was not a loss for you. + +So stay calm, sit back, relax and do not worry. Just wait and be patient. +Where darkness is, there is light. +Scrolling through the subreddit for my daily dose on informative crypto news and realised I haven't seen low quality moon farming memes and i had a sudden flashback of how bad it was on the weekends. It's been great. + +Anyone else glad they don't have to scroll past endless unfunny memes on weekends now to get through to the good stuff? +http://www.coindesk.com/gaw-zenminer-8-million/ + +Last night, I was reading the above article and saw a bunch of comments that basically question the validity of the statements made in this article, specifically whether or not the new GAW hosted miner is actually mining. + +So, I decided to post as well, and posted the following: + +http://pastebin.com/7mZAXAu0 + +This afternoon, I check the article again, and none of the previous posts exist anymore. + +------------------------------------------------------------------ + +**Edit**: It appears they have placed my comment onto their site now. However, other people's comments are still gone. +&#x200B; + +Ethereum is still greatly undervalued. I know its hard to imagine the coin with the 2nd largest market cap is undervalued. So hear me out + +**The Ethereum Virtual Machine has the legacy advantage** +Replacing existing software is one of the hardest things to do, and Ethereum being first has the most dAPP support, in fact over [3,000 dapps](https://www.coindesk.com/which-crypto-dapps-are-on-ethereum). As other businesses begin to adopt blockchain technology they will go with the easiest and most secure option, which the Ethereum chain provides. + +**Financial Derivatives will prop up value alone** + +Banks are notoriously slow, as many of the people here are aware. ETH 2.0 will allows the creation of ETH "Bonds" based off staking and the proven history will provide investors with more confidence than newer blockchains. ETH bonds, and other financial derivatives will then come. Once Wallstreet can collect a fee for selling people ETH bonds they will do so relentlessly, It also provides a hedge against ADA and IOTA, which while I agree will be good projects, people will use ETH to bet against them. + +**Gas fees are leading to undervaluation** + + +Current gas prices are hindering adoption, but they won't stay this high for long and should they drop they able to use the ETH blockchain to secure cloud information will be very tempting. Cloud computation is one of the most rapidly growing industries, the idea of paying your employees or clients out in ETH via automated secured smart contracts will be too tempting for some. Cloud hack after cloud hack ETH provides cowardly businesses the sound of mind they need, unlike smaller chains which a 51% attack is considerably easier on. Lower Gas fees mean ETH will move into competition with cloud companies as a "premium" option to pay for extra security and piece of mind. + + +TL;DR - Don't downvote because it isn't ADA or IOTA, ETH has its place as the leader of the smart contract space and is still undervalued. I think the reasons above should place Ethereum much higher given the intrinsic value of Ether in compute, and the legacy of Ethereum being a proven project. +Sorry if this has been posted before, but I looked through everything and cant find specifics, which is what I am curious about. + +Say you get in on a coin before the main stream media gets wind, basically any of the recent ones that have just blown up. Usually what precipitates a blow up is the coins addition to major platforms like Coinbase, Robinhood, etc. + +How do you cash out? Your $1000 dollar investment is now worth 10 Million (whatever, made up numbers), so now what? Your coins are probably in whatever wallet you use. Do you just transfer and cash out? +This morning a large number of users are reporting issues with their accounts on Binance. + +**Issues:** + +* Many people have logged in to find that all their altcoins were sold for BTC, and that many users also placed buy-orders for a specific coin at a price multiple times above its regular value. + +* This is only effecting users who have issued API keys on their accounts. + +* Binance has confirmed the issue stems from the API via third-party tools and is not a direct compromise issue. All funds are currently safe. + +**Security Suggestions:** + +If you use third-party trade bots, automation tools, portfolio trackers, or portfolio management tools that use Binance API keys you should consider: + +* Disabling those accounts either on Binance or the tool itself. + +* Disabling "trade" access to the API on Binance, or resetting the key. + +* Disabling your API keys on any other exchange that is hooked into the same systems. + +* Ensuring your 2FA is enabled, and you are using a strong and unique password. + +At this time it does not seem like Binance was directly compromised in any way, but we are still awaiting official comments. + +We will try to keep you updated as new information develops. + + +**Edit - Update 1:** + +* Binance is aware of the issue and investigating. + +* They have disabled withdrawals during this investigation to ensure that any compromised funds remain in their control. + +* They have confirmed this has only effected users with API keys (https://np.reddit.com/r/BinanceExchange/comments/82pj5p/please_read_regarding_unauthorized_market_sells/) + +* Binance Community Manager has responded in this thread and will help keep us up to date (https://np.reddit.com/r/CryptoCurrency/comments/82pf9i/warning_issues_on_binance/dvbrzl0/) + +**Edit 2 - Update 2**: + +* Binance has located the irregular trades. + +* They will be reverse all fraudulent transactions and restoring all funds. + +**Edit 3 - Update 3:** + +* Binance has reversed all irregular trades. + +* Withdrawals have been reactivated. +Hello, I was wondering if anyone had any book/resource recommendations for various alternative investment strategies. In particular, I would like to learn more about topics such as maximizing investment returns though self-directed IRAs, how to approach 401k to Roth conversions, and how to use trusts strategically. I also have a friend who recently mentioned that over contributing to an insurance policy when you’re young gives you a protected investment vehicle, but I did not fully grasp the concept. + +I would appreciate any resources you may have in mind to learn more about these various investment strategies. Thank you. +Do we have any Australia-based members of this community, or people who have researched retirement in Australia? + +My wife and I visited a few years ago and really loved it. People were relaxed and friendly, big cities are beautiful and walkable. Public transport was pretty good, and housing prices are below the NY/SF/London level. And overall nice weather. Seems like a high quality of life at a reasonable price and a nice option for retirement. We live in Asia so there are a lot of direct flights (or there were pre-covid anyway) and the time difference is not huge. + +It looks like global warming may hit Melbourne quite hard. But Sydney and Brisbane are also options. What are the major downsides? And is it reasonably easy to get a visa as a foreigner with financial resources? +Hi, long time reader - first time poster. + +I've had a business for a a couple of years, making a modest salary ($50-60k) annually as w2 (of course took distributions as well). Business did roughly $500-1M annually. At the same time, I started another business with 2 other partners. We grew the business incredibly quickly.At the end of the 2021 we were able to have a small exit. Through that deal, the second company "acquired" my first company. We created a new entity that is now a C-Corp. Now I'm a C-Level exec with a salary (200k W2) + Bonus (200k annually). I own a significant amount of shares in the new entity. + +With the exit, I netted roughly \~$6m pre-tax. After taxes - paying off debt, etc. I currently have 4.1m (current value is 3.7m) in investment accounts. Was able to leverage 2.8 from that account.Have another \~$180k in cash reserves.In the next 18-24 months we expect another larger exit - personally for me at 60-80+mm. +Personally Stats: + +* \- Married - 2 children- +* I'm currently sole breadwinner +* \- 780+ Credit Score +* \- No real Credit Debt (Payoff each month) +* \- Current home has $190k remaining on mortgage. Purchased 10 years ago at $255k. Current value \~$585k. Will sell this property once new house is built. +* \- 3 cars. 2 paid off, 1 on a lease + +In the mean time, I'm looking to build a new house.We currently purchased an existing house for $1.42m. The idea is to knock it down and build a new house and be all in for $3.5-4m. We took out the 1.42m from the 2.8m mentioned above as it is interest only (3.9%) to pay cash on the lot. + +Now I'm looking at best ways handle the construction cost. I've reached out to 2 banks, and one bank has already called me and didn't think that they can help me. The other bank scheduled a call, but I'm not feeling too confident either. + +What does fatFIRE recommend my next move is? Is getting hard money my best option to get through the construction and then look at re-financing into a traditional mortgage after the build is complete? +I currently rent and am quite happy where I'm at. I've recently been offered an opportunity to buy a small condo, as a rental income. I'm wondering it if it's possible to be a renter and own an income property? Would I have to declare to the bank that it's going to be an income property (meaning would I need 20% down or 5% down). Any advice would be appreciated! +I’ve been visiting my elderly parents at their farm more frequently as they need more and more help with things and my siblings are much farther away. Im happy to help them as they have always supported my endeavours and I enjoy the time with them as I’m starting to realize it will end someday. + +That said, the 2.5 hour drive each way (more with traffic) is starting to wear on me and since I live 5 minutes from a helicopter terminal and they have a large field in front of their house…. + +Any tips from people who commute or frequently charter helicopters? + +What is the cost and is it per minute or per km? +Can I give them a point on a map or do they only fly to designated landing zones? It’s a rural property with no neighbours for 3km and the neared airport is 35km away. + + +Thanks for any tips! +I'm not a high-profile kind of individual. Occasionally I'll say something on here that I think is relevant, or funny, or hopefully both. Anything to help the community, y'know? + +Yesterday, I made a joke about [selling my kidney](https://www.reddit.com/r/Superstonk/comments/nwwj7s/dont_let_reddit_hype_affect_your_judgement/h1bjbsr/?context=3) for more GME. Today, u/gherkinit puts it in his daily pickle drawing. Over a month ago, I made a comment about being a [jar of mayonnaise](https://www.reddit.com/r/Superstonk/comments/n18xmr/well_keep_the_price_down_these_people_will_get/gwbub10/?context=3). A couple days later, we start getting the mayo jokes. Now, I'm not a big believer in coincidence, nor do I think I'm influential. So, that leads me to two possible outcomes. Either I'm more in tune to the *zeitgeist* of this sub than I thought, or I'm a prophet. + +So, to test this theory, I will make a statement. GME is gonna pay off my house really soon. Let's see if it comes true; let's see if I'm a prophet (highly unlikely). + + +So my parents house took on 6ft of water during Hurricane Harvey. The damages were estimated at $30,000+. We have flood insurance through Allstate. We had flooding in 2008 from Hurricane Ike, about the same amount, and received a $6,000 pay out. In the time between after Hurricane Ike and now, we’ve done considerable remodels and additions to the house that made the damages cost way more from Hurricane Harvey. Allstate’s reason for only giving us $136 is because the water didn’t reach our second floor, and won’t give a reason as to why our payout was so much more from Hurricane Ike. We applied for FEMA aid and were denied because we have flood insurance, but $136 is basically nothing. We have 60 days to reapply/contest FEMA’s decision. + +We are willing to get a lawyer but my mom is worried the cost of paying the lawyer will be greater than what we would be able to get from either FEMA or Allstate. Does anyone know what direction we should take from here? + +Also my parents are immigrants with limited English/technology skills, so communication with the parties involved has been through me primarily, a college student with probably only a little more knowledge on insurance as my parents. Any advice will help. Thanks in advance. +Everything they tell you is about retirement. Every financial guru from Stephen graham to Dave Ramsey tells you to just save and invest, save and invest, save and invest. + +Everybody is like “oooh if you had just not bought that avocado toast or buy that sandwich and invested it, in 30 years, you’ll be a millionaire. + +Or these FIRE people eating rice and beans till their 40ish and then retire. + +It’s getting a bit draining for me personally. I do constantly save and invest. I have a decent amount in my ROTH IRA and 401k. But it just dawned on me that every one of these people all just aim for retirement. Life expectancy in the US as of 2019 is 78 years old. Average retirement age is 62. Let’s say in 30 years, we increase it to 85. + +It just baffles me that we start working and saving from like 22(when you graduate from college) to 62, which is 40 years for you to only enjoy 16 years. MAYBE 23. + +And even then, these so called “millionaires” aren’t living lavishly. It’s not like you’ve spent decades saving and investing and now you’re eating caviar and driving Lamborghinis. Most of these people live on like a $70k life style at most. + +And with inflation, a millionaire in 30 years is nothing. 1 million in 2052 based on 3% average annual inflation is equal to today’s $412k. 412k/16 years is only 25k a year. Imagine saving your whole life and then living a 25k a year lifestyle. + +Just makes me wonder if it’s worth it. You spend MAJORITY of your life not enjoying anything because “you shouldn’t buy a nice car because you should invest that since 50k car invested is $872k in 30 years based on 10% growth”… you retire at 62, say you live till 78 that’s only 16 years of life left and that’s assuming you won’t have any illness like cancer or surgeries or any diseases. +My wife and I are nurses in the SF Bay Area and for the last few years we've tried to live very frugally while paying off our debts and working toward FIRE. + +Today was a huge landmark as we have finally become completely debt free. [We made our last mortgage payment]( http://i.imgur.com/emfuTQ6.png) + +I know this is still only the beginning of my journey but I wanted to reach out and express a heartfelt thank you to each and every one of you who are on journeys of your own. I learn each day from each and every one of you. I appreciate the time you all spend discussing and strategizing on how to meet these goals. Best of luck to you all in 2016! + +Edit: formatting, whoops! +During the recent years, people have built fantastic infrastructure around bitcoin. The number of people who could use Bitcoin through bitpay, coinbase, kraken, bitpesa, ... has exploded, but the number of actual Bitcoin user has not. + +China has "banned" Bitcoin several times. Bank of England has "endorsed" Bitcoin. We help Sean's outpost and NASCAR became DOGECAR for a weekend. That's a success, but no moon-level-success. + +We keep saying to ourselves that the price does not matter, but it does. It tells us how much demand their is for cryptocurrencies, and, through speculation, how much demand there will be in the future. Current market cap is USD 5,159,026,368 and falling. Not enough to go to the moon. + +Can we stop the circle-jerk and think about why greedy Wall Streeters and hard-working Phillipinos don't go crazy about Bitcoin, yet. If we fail to understand this, we all are going to make bad decisions. +I'm seeing a *ton* of bad information being posted about this bill in this sub. PLEASE inform yourselves, and if you won't do that, PLEASE refrain from posting about it. + + +The NYT did an [excellent FAQ on the bill here](https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html). It's worth your time to read it. + +Some quick ones to correct misinformation I've seen posted. + +1. No, the stimulus checks are not a loan. They do not need to be paid back. + +2. No, you will not be taxed on the stimulus check. + +3. Yes, you are eligible for the expanded unemployment benefits even if you're self-employed (e.g. as a worker in the gig economy). +Sorry if this is a really silly obvious question. +Just sold my first house and all things paid back I have a tidy amount. +Our current home has 18months of a fixed rate left, so in the meantime going to stick it into HISA. When the fixed rate finishes, the plan is to refinance to a variable and get an offset facility, put the whole amount into the offset, by that time my crude calculations is I should almost have paid the house off or at least less than $20k remaining. + +So from what I understand, I'll have nearly the whole amount in the offset, therefore my weekly repayments will be near $0. + + Is that correct? +I suddenly thought I would still need to pay the principal off because I own the offset money not the bank so I'm only saving the interest part of my weekly repayments. +I'm currently looking at my private health insurance and wondering what the value is in keeping it. I'm paying over $100 per month and only claiming about $150 every six months when I visit the dentist. I don't claim anything else ever, and I'm young - not to stressed about health issues. + +Has anyone made the decision to cancel their private health? What things do I need to consider before making the call? + +They're weren't kidding. I used to just brush it off as jealous people who missed the boat, but this year has really exposed just how fake all of this capital in the crypto space really is/was. 2 egotistical assholes have cost us all billions of dollars in losses. + +I'm sure some projects will recover, but Do Kwan and SBF have just completely decimated the market and eroded the trust of the entire space. + +Crypto.com, now FTX, huge names in the space, are all but dead. FTX has been on the Umpires uniforms of every MLB game for thr better part of 2 years, now they're insolvent? How do you even pitch crypto as a solid investment to anyone now? + +It hard to even see the upside of blockchain anymore, why do we need it for most applications? The safety of your investments is nil, this claim of "decentralization" has been completely exposed as false with the exception of a few, and in most applications it's completely unnecessary. $BTC might really be the only one we need. +I’ve been hodling a number of shares since buying in Jan after lurking wsb. Bought more every chance ive had and havent sold a single share even through all the fuckery. I have been completely silent from r/wsb to r/gme and now to my true home r/superstonk despite checking them probably more often than is healthy. I felt the need to put some things to paper and nobody but you guys will get how i’m feeling so I figured i’d finally post something. If you’ve got the time in between snorting crayons (my favorite is red) and fucking my wife give it a read and maybe you feel some of the same things that i’ve been feeling. + +I’m 22 years old and I never saw myself being rich. I figured I was destined to live the same life as my parents, working as a slave to the machine till’ I died. I remember back when covid first started I had a feeling that there was money to be made somewhere off the govs money printer going brrrrr. I have an acorns account but that was my full extent of knowledge in the investing world (so literally nothing). Wanting to get into it but not knowing how for a whole year through covid, I stumbled upon a comment in an askreddit thread that mentioned reddit telling people to buy GME. I decided to investigate and was completely swept with confirmation bias and learned more about the markets in 2 days than I did in my entire life. I took a leap and bought my first shares with probably the same thinking a lot of you had.. +”maybe it happens maybe it doesn’t, at least its a good investment long term and afterall, I like the stock!” + +Jump forward to Jan 28th. That was the day I knew I made the right choice and solidified my diamond hands forever. + +I’ve long hated the 1%’ers greed and have always seen the corruption and downright disgusting amount of wealth. If you haven’t seen this graphic I encourage you to take a few minutes and check it out. It puts into perspective how much money these guys really have in an easily digestible fashion. + +https://mkorostoff.github.io/1-pixel-wealth/ + +Fuck these guys. The amount of problems that could be fixed by distributing that wealth is mind boggling to me. The amount of greed in this country isnt just deplorable, its down right not human. In my mind there should be no other agenda from governing bodies more important than furthering humanity and ensuring its existence for as long as possible. These hedgefucks and people like them are directly impacting the world in ways that literally shaves time off of humanity. And a significant amount at that. + +Im a scuba diving instructor and the ocean is my home. If and when this squeezes to 10 mill and beyond..which believe me im far past doubting it at this point..I will use my tendies to try to reverse some of the downright awful things we have done to this planet and I know the rest of you will be right behind me. + +Being a long time redditor and life long gamer, i’ve spent my fair share of time on the internet. There has never been anything even close to the comraderie and brother/sisterhood we have created. I love all of you and we will be rockin it all the way to the moon and beyond. + +Diamond fucking hands everyone. We have won. The people have finally won. Its fucking surreal. + +🚀🦍🦧💎✋🚀 +Today's "morning dip" wasn't your normal dip. It was a nosedive. But why? Why such price movement? Why throw over 100,000 shares at a problem to move the price if this line wasn't an issue?? Was it bad news in the company? Nope. Someone got fired? Nope. A missed product launch date? Nope again. + +[I posted yesterday about how the price](https://www.reddit.com/r/Superstonk/comments/p65oe4/weve_only_been_north_of_this_support_line_twice/) comes RIGHT UP to this imaginary line that we have noted, then very strange downturns happen. It seems to be this big, scary thing for someone, because every time we approach or cross this line, it gets OBVIOUSLY manipulated, thrown down away from this point. I've also noticed that every time this happens, a big wall is set up for the rest of the day, or until the price gets far enough away ($10 or so) that they can react quick enough if it starts approaching the line again. I'll be watching this one today to see if it gets dropped before closing. + +https://preview.redd.it/uenjgv39i4i71.png?width=1482&format=png&auto=webp&s=883bd02e163675b73e11ac6901995f97fd71e176 + +This is the 13th "near touch" (within $1) or "touch" on this line in the past 3 months, since the shareholder meeting (note: the big spike on the chart below is "the shareholder meeting" week, with that massive down spike being the end of the shareholder meeting). 13 points of confirmation on a single line!!!! That's not a fluke. There's something here, I just don't know for sure what. What is it about this line that has you so scared, Kenny??? + +https://preview.redd.it/t5srv5h7j4i71.png?width=1113&format=png&auto=webp&s=e4e90023ca1d77cfa4a282671f3b2f0df7d6f431 + +The tighter this spring gets wound, the harder it will be for this to continue. At least, that's my thought. Take it with a grain of salt or two. + +It's on sale today, though. So buy your tickets early if you can. (NFA) + +&#x200B; + +**EDIT 1:** 2,000 wall is still there, an hour and a half later as the price bumps up against it a couple of times. + +**EDIT 2:** Afternoon check-in.... Wall is still there at 162.43. I guess it hasn't been lowered enough that they feel safe to drop it, yet. In fact, there appears to be a few small ones all the way up, and another big wall at 165. I guess.... Just in case?? Someone really doesn't want this moving green today on accident. + +&#x200B; + +https://preview.redd.it/6zykbrtxn5i71.png?width=353&format=png&auto=webp&s=244b4223fc11e939433bb8ffb077d3debccf13b1 + +Another interesting note is the 15K and 17K volume bombs that were placed around 157.9. We've been trading with volumes of 3K-5K all day, but those dropped in, but didn't budge the price -- DESPITE the fact that there weren't that many shares at that price at that time available on the books. (I know... I know... don't blast me about "order book not being the end-all-be-all." I'm just saying... it's interesting how that "just happens", which only adds to the "rigged casino" vibe.) + +&#x200B; + +https://preview.redd.it/tvmsil6ho5i71.png?width=181&format=png&auto=webp&s=a27a883696843994113e7984d5457b4b476f5444 + +[And another 18K volume that just popped in.... again, not moving the price.](https://preview.redd.it/a9blst28q5i71.png?width=503&format=png&auto=webp&s=fb508e1ae79b9910713c6bac1ff4aae5ce97b7d0) + +**Power-Hour Edit:** Looks like the two walls are still there. From 9:45am through the entire day, and not a single one of their "wall" shares sold. I've kept a fairly close eye on this today, and that number hasn't moved. + +https://preview.redd.it/cr6716nd36i71.png?width=357&format=png&auto=webp&s=0007ec491c677ead585bb0b546620c701a77d0d8 + +It is interesting how we had some big volume minutes (comparatively) today. And in all of the volumes over 8,000, the price didn't move more than a few pennies -- with one exception at 14:21. That 16K volume spike caused a 50-cent spike, that was quickly brought back down to below the previous value) within the same minute with right at 1k volume. + +[More \\"rebalancing\\" in a dark pool or something????? Who knows. It's not visible to us plebs.](https://preview.redd.it/e8klt9mf36i71.png?width=1115&format=png&auto=webp&s=4649bf42af827e91b3920b31dd7da2d6acb56b85) + +&#x200B; +For the past year I have been doing my research on what to invest in when I turn 18, today is that day but before I do anything I may regret I have come to the people of Reddit for some advice. + +I was going to open a vanguard account and invest in the s&p 500, vanguard global all cap index and some individual index funds like VGT (Vanguard Information Technology Index Fund ) + +Thoughts? + +Current age = 55.5. Total assets = 1.4m +(including 900+k in 401k plan I discussed in a previous post that generated a high number of responses). + +My company practices so-called *forced ranking*, +https://en.wikipedia.org/wiki/Vitality_curve +which I despise as grossly political and unfair. + +In years past, I had some anxiety about review season and whether I would be reviewed fairly (usually) or end up taking my turn at the shit end of the bell curve (since this happened one time). +But this year I am totally cool. If I get evaluated fairly and get the bonus I have earned (the most likely outcome), I will stick around. +If I get force-ranked down to the bottom of the curve, then *I am so sorry I wasn't able to meet your expectations* and *it's not you, it's me* and *two weeks* (bitch). + +So rather than some stress/worry, I am content and at peace with whatever comes up. + +It's not new news that Binance is using Tether to support leveraged trading across the exchange...[https://www.binance.com/en/blog/391838076530913280/Binance-Futures-Trading-Platform-Increases-Max-Leverage-to-125x-with-BuiltIn-Risk-Controls-for-Traders](https://www.binance.com/en/blog/391838076530913280/Binance-Futures-Trading-Platform-Increases-Max-Leverage-to-125x-with-BuiltIn-Risk-Controls-for-Traders). (the overseas Binance, leverage trading is not allowed in binance.us) + +And also not news that Tether is being "backed" only by some suspiciously unknown (most likely fractional) percentage of cash and "commercial paper" from unknown entities. [https://www.coindesk.com/tether-first-reserve-composition-report-usdt](https://www.coindesk.com/tether-first-reserve-composition-report-usdt) + +Binance is currently holding $17 BILLION Tether in its wallet. [https://wallet.tether.to/richlist](https://wallet.tether.to/richlist) . + +The cycle seems something like this: Binance puts up some amount of collateral to Tether Treasury (likely some cash with the rest "commercial paper"). Tether prints more Tether, loans it to Binance. Binance uses the new magic minted tether to give margin traders higher leverage to buy more Bitcoin....Bitcoin price goes up, more capital comes in, never ending cycle continues. You should get the picture why this is bad without the word "PONZI" + +Multiple countries are once again cracking down on Binance. We've seen this happen before, but there's no certainty regulators won't come down harder this time. Any number of things could trigger a rush of withdrawals (eg. a margin-call on all leveraged accounts) from Binance + +IF there is a sudden rush of withdrawals from Binance for whatever reason (and that rush coincides with a drop in Bitcoin prices), the exchange is going to have a dual monster on their hands. Say the US and EU regulators decide to team up to hit Binance/Binance.US with some mega regulations. + +Coinciding with a decrease in BTC price, they're also going to be margin-calling a ton of those leverage accounts...inevitably resulting in heavily forced liquidations (to USDT). + +If that worst-case scenario happens, at some point they're also going to have to try to redeem all that tether they're holding for cash. But...as we've recently learned, Tether does not likely have any account with billions of dollars in liquid cash available, and Binance has an "IOU" with them anyway....so Tether says "sorry Binance, you have this on loan, you're SOL". + +There is no telling how leveraged Binance is in unbacked Tethers. + +So what does Binance do when they can't get liquidity to facilitate withdrawals? + +It's not that unrealistic of a story given the current environment. If you need to use Binance, it should be a quick in and out. Until things chill out with the regulatory environment, leaving any coins in there is asking to get burned. + +**edit** + +This post seems to have ruffled some feathers. To be clear I’m not saying this scenario will definitely play out. I’m saying this is a not impossible risk that exists with Binance, and there is no point absorbing the risk when alternatives to storing your coins exist. + +If you’re someone who thinks acknowledging and discussing risk is automatically “FUD”, and this sort of topic scares you, maybe investing in a high risk asset like crypto isn’t for you? +It seems to me that now would be a good time to buy more shares of Exxon since it is down 15%; not get rid of all the shares. What am I missing? Please help me. Thanks. +Hi UKPF, + +I’m trying to understand how much I need to contribute to my pension to have a comfortable retirement. + +Background: I started contributing to my pension via auto enrolment at 24 while earning 22k. Through a mix of hard work and good timing with people leaving, I’ve managed to work my way up and am currently on 51k. I have moved over to my company’s SS pension scheme and there’s 18% being contributed each month. My current pot is 23.5k and I’m 28yo Male + +I am about to move jobs in January and my new salary will be 65k, but the pension scheme is worse, using the minimum contribution to get their maximum, 12% will be contributed. + +I’ve just used an online pension calculator and it suggested people in my salary bracket would like a £30k pension to live comfortably in retirement. + +I used the ages 55 (optimistic!) and 68 (retirement age), both show I will have a huge shortfall/surplus. The results were: + +55: +pot income: 9106, estimated income: 9106, shortfall: 20,894 + +68: pot income: 6552, estimated income: 15891, shortfall: 14109 + +I was using the calculator on moneyhelper.org.uk + +Edit: to add I’m 28M +I have only recently become interested in personal finance and started building up my emergency fund, set up a global equity fund on Vanguard and tried to curb my wilder spending habits. As a form of cathartic release whilst I embark on this journey, I thought I would confess some of the greatest sins I have committed in getting to this point: + +\- I ended up with a balance of negative £3500 on my student account, which became my graduate account, when I moved to London. I got caught up in a continuous cycle of excessive spending where I was going to Michelin Star restaurants on a regular basis whilst only earning £27k. The overdraft fees just kept escalating, paying rent became difficult and I was constantly in financial distress. A promotion and a partial bailout from my parents helped. + +\- I set up a company with friends at University that ended up not going anywhere. The consequence was that I had to continuously fill in self-assessment tax returns. I ended up neglecting this for 3 years and eventually incurred a fine of almost £3000. + +\- Whilst a student, after receiving one of my loan payments, I went straight to the roulette table in a casino with some friends. We took an approach where we would keep betting on black and if we lost we would double down. I ended up losing about £700 in one night. I very rarely gamble now. + +\- I succumbed to my parents insistence that I purchase property (with their help). I bought a new build flat in a bad area of London with Help to Buy right at the peak of the market. The flat was definitely overvalued and now I'm locked into a mortgage and I'm likely in negative equity. + +Can any of you relate to these experiences? What were your greatest financial sins? How did you get out of your vicious cycle? +I mean: you placed long/short position and how much time it takes to take profit/losses? Hours, minutes? I started learning daytrading and I want to see how it looks like +I’ve been reflecting on this strategy over the weekend and was curious to get some feedback. + +Is selling covered calls in retirement a way to generate supplemental income and offset your SWR? In addition, it protects against some of the downside of a stagnant or declining market. I do understand it does cap the upside in a case your shares were to be called away. + +For a few examples I was looking at June 17th 2022 options for SPY and TSLA that expire in just over 1 year from now. SPY $420 and TSLA $625 at time of examples. + +* SPY $505 @ $2.29 premium. Strike at 20% above current value gives 0.5% return on capital +* SPY $464 @ $8.22 premium. Strike at 11% above current value gives 2.0% return on capital +* TSLA $750 @ $97.70 premium. Strike at 20% above current value gives 15.6% return on capital +* TSLA $1,275 @ $25.35 premium. Strike 104% above current value gives 4.1% return on capital + +To expand using the first example, if I have 2,000 shares of SPY ($840k capital) I can generate $4,580 ($382/mo) by selling covered calls against it. Not a lot but not insignificant by any means. If the market decreases, stays flat, or increases less than 20%, I pocket the 0.5% premium and it helps offset any withdrawals I otherwise would have had to pull from principal. If the calls ever become in the money, the shares would have increased over 20% and net me $168k anyway. + +I included TSLA as many here (including myself), have found ourselves overweight in TSLA or similar stocks over the last year due to their performance. These obviously have much higher premiums due to volatility. I don’t want to pay the cap gains taxes while still generating a high income, so my focus has turned to covered calls as a way to have some downside protection which led me to this post’s line of thinking. + +There is obviously a ton more that goes into selling options, but wanted to get other’s feedback that are much smarter than me or have tried out this strategy in retirement. + +Thanks! +Hello, + +Title sums it up. In my late 20's I had property, an investment portfolio, luxury hybrud, six figure income, savings, etc. I fell in love and moved to the EU. I didn't realize the person was so terrible with finances and his family continued to uphold his delusional bubble. The best I got out of his Sister when confronting her about knowing he was lying to me about finances was that it was because "he loves you". Cue the profanity. + +Long story short, in the decade during the relationship I got lost. I had to sell my property, I lost my career growth and thus income earning and gains, and the country I am in (Netherlands) has limited financial services for US citizens. In the years that I was focusing on raising the kids, the Fathers retirement was meant to be for both of us, so I did not set up anything here on my own. I get very little from the Father, but have been able to save a little over the past couple of years. I need to make it work for me ASAP. I know what I used to do, but I was on a great path with property and earning compounded interest. Now I need to try and patch this up as soon as possible. It would be nice to be able to have the children still enjoy small local holiday's and such, but I recognize that the main priority now needs to be rebuilding my finances. Their Father earns very well, but is terrible with money, so he is paycheck/paycheck, behind on child support, and has debt of his own. I know he doesn't have any savings for them. I have a secondary goal of building a trust for them, in case something happens to me, so that they can afford to go and see their Family overseas annually. + +I am open to any advice. I am very interested if anyone can advise on what is best with the dual residency issue and financial services available given the surface level restrictions. I don't know if I should set up a 529 for the kids in the US, even tho it is likely they end up going to university here in the EU... + +Thank you! +I need an unbiased opinion on my plan. I want to finance an addition to my property that will be a horse barn. This is a passion of mine that is coming to fruition - so I am having a hard time checking myself to see if I am making a smart decision. This is located in USA. + +Cost of barn : $60,000 +Cost of site prep : $7000 +Cost of permits : Up to $4500 + +Loan : interest rate 7.9 -8.9% ten year loan, no early repayment penalties. Credit score is 780. + +Plan to put down payment of $5,000 on loan. +Pay permits in cash +Pay site prep in cash + +Only other debt is my mortgage, total monthly expenses $2,200, monthly income after taxes $8000. + +Are there any red flags here? +Thank you! +I recently obtained some money, a little less than $50k, and I want to invest it. I don’t know much about hiring a financial planner/wealth manager. Any tips on what to look for, what questions to ask, should I meet with multiple people before choosing one, etc? Thank guys! +Hello! I plan on posting on a few subs to get different opinions but I thought I'd start here. I welcome any and all help, questions, and comments! + +My grandfather had a crummy trust set up for his 6 grand children and my mother and uncle. my 5 cousins are all ages 35-55 give or take a few years due to my uncle being 14 years older than my mom. My grandfather was brilliantly smart and earned all of his own money and taught himself law to protect himself and the family, something he did very well. Sadly he passed away while I was still a minor so I was not aware of the impact he had financially and how in turn, it would effect me. + +My mother and uncle are in charge of the crummy trust and are choosing to dissolve it at the advice of the lawyer. I am not fully sure why... but this being said that means I am getting about $600,000. My cousins have all taken money out at the quarters so they are getting less, because I was always too young I never could take my money, which means I now am getting my full share, a lot more than my cousins. My cousins are old enough to know how to handle it and have families and houses that this will help pay for and aren't getting.... this extreme amount. + +I am beyond grateful but a little shocked. My parents are setting up an account through the lawyer that they will have say over the money until I am 35. They said if I so choose to use it I of course can if I talk to them, but it has to go through them until I am of age. My grandfather has prepared me well in case I ever "got money that needed handling" but I did not know why until now. He also started teaching me the stalk market before I was 10 years old, granted I did not understand, but what I understand now is that he was trying to prepare me for this day. + +I greatly appreciate my grandfather and his generosity, but I am at a loss. I have no clue what to do. + +So I probably gave too much information because I do not know what is and isn't important to know. Thank you so much for reading and answering! + +1. What should I do with the money? I am aware that saving it is best, but should I invest some? If so how do I figure out where and how much? +2. 2. What is the best type of account to use to gain interest so it keeps growing? I plan on using this money to help pay for rent and a family/house for my family when that day comes. I also would like to donate some to charities so I need money left over to do so. +3. How much of an impact does this amount of money really have? I know $600,000 is a lot to get at once but it can also disappear quick after buying a house or making payments with it over time. +4. Any other subs I should post this to that can help me? +My wife and I have been able to put together a decent amount of money for an emergency fund and are trying to determine the best account to put it in. Looking for advice. Where is the best place for this? Does anyone know of accounts that offer promotions for starting a new one? +Lmao. What is there to lose? + +Most people are debt slaves on cars, homes, student loans, medical bills, credit cards... + +I can see why gamblers or scratch tickets/lotto addicts start. There isn't a fucking way out, especially for any generation after boomers. Considering home prices are retarded, inflation blew out whatever I gained in pay increases and daily expenses, and medical costs being shit in the US with more and more medical professionals leaving the field, I don't see much more I can lose. + +My downpayment for a fucking decent home means absolutely nothing if a shit house is around $350k (requiring me to work in my workplace and at home with time I don't have), and anything decent goes $500k and up (Requiring me to live paycheck to paycheck, with no emergency fund to save me from losing the home.) + +Economy is going to be fucked someday because of "bull" financial institutions being way fucking over leveraged with the average person's money. Oh yeah, the government is a cuck for their bull, so they just watch as everyone else is fucked. + +I want my fucking chance. + +- I don't want to worry about being fucked over financially until the day I die. + +- I don't want the only inheritance to my family to be debt. + +- I don't want to settle for living less even with a good job and a degree. + +- I don't want to rent my entire life. + + +We're fucked. All in for a fucking chance to escape this nightmare. Anything I don't need to take care of myself is going into GME from this point on. Rent, food, gas, bills; that's fucking it. All my savings is in GME. + +Why live in a false sense of luxury? Why buy shit you don't need? Greed and pride got the world into this mess, what do you think is the best way to get out? + + +Food for thought for everyone. This is my plan, and I don't really give a fuck if you want follow it or not. I legit am a moron**, not a financial advisor. + +**DRS motherfuckers** +To begin, I'm in Wales. + +My mother opened an account for me when I was born and put any birthday money and some of her own money in throughout my life. I have also sent her money to transfer into that account since I started working. + +However, despite now being over 18 years old for many years, it still claims to be a child savings account. This account currently holds a good amount of money, over £20,000. The interest rate is higher than anything I'd get with a new account right now (about 0.6%). + +I have a few concerns. Firstly, the interest rate is likely higher because it's a child savings account. Secondly, regarding how I would ever move or use these funds should I need to. Finally, whether there would be anything I'd need to pay back or if there would be a hefty tax should I want to take money out. + +The bank this account is with has never contacted us in anyway regarding this account. The account itself has existed for well over 18 years so I don't really see how they could have accidentally forgotten to change it to a regular savings account. + +Are there any potential legal issues that may arise from this in future should I want to move or take out any of the money? + +Thank you in advance! +At the weekend I sold my car on finance. It had 1 year left. Owed 2400 sold the car for 5k. Payed off the finance and pocketed the rest, bought a banger for 600 quid. + +Finance on the car was costing me £220 a month (bad credit at the time) Now I'm finance free apart from the Missus cheap fiesta. + +The point is with costs rising in every sector, has anyone else thought of doing the same? Or are we reluctant even in hard times to give up expensive finance cars? Until at least things might settle down. +For those, like myself, who purchased a Ring product (in my case a doorbell) and pay monthly to save footage, etc. + +"We’re continuing to innovate for you, our neighbour. + +**More features are coming to Ring Protect Basic,** +**at a new price.** + +Starting on the 1st July, 2022, we’re expanding the features available for Ring Protect Basic to improve your Ring experience and give you even more peace of mind.With these features, the price of Protect Basic will change from £2.5/month per device to **£3.49/month** per device." +Hey everyone, + +&#x200B; + +I was wondering if anybody has been able to get their hands on Wealthsimple's new service; Wealthsimple Trade ([https://www.wealthsimple.com/en-ca/product/trade](https://www.wealthsimple.com/en-ca/product/trade)). How has your experience been so far and what are you looking to be added in the future? + + +I am new to investing and Wealthsimple Trade so I don't know what to expect tbh. +Just looked at Enbridge stock and I was very confused by their P/E and dividend yield. They have a P/E ratio of 32.5 and a dividend of almost 7%? Does that mean they are paying out double their earning as dividends, or am I missing something? Doesn't seem to make much sense to me... +So looking at Boeing, it took a massive hit due to the recent tragic crash. Still, it has 5000 orders for the new 737 (No idea if any of them will be cancelled, if issue is the same like Lion and it's a sensor problem). What are your thoughts? Wait or invest now? +Hi everyone. I’m a 22 year old and I have contributed about 70% of my TFSA limit. My TFSA is down quite a bit from the past few weeks because I invested waaay too much in tech. My biggest position is EARK and it’s down so much, I also have TEC, LSPD, GDNP, NEXE and a few riskier stocks. Everything is basically down like 25%. + +I’m considering selling everything once the market normalizes, and split my entire TFSA to have only VFV, TEC and some EARK. I want to do this because I realize that I was anxious and checking my phone every 5 mins during the past weeks, and I don’t think I want to be in a similar situation in the future. + +So I’m wondering if it’s okay to have VFV as the largest holding ( > 50%). I like it because it still returns a lot, while being safer than individual stocks. + +Thanks for your opinion. +So I helped my dad invest a few years back and he has made some killer gains on the investments. I’m currently in school and won’t be making very much money this year so I was thinking that he could possibly transfer me some of the stocks and I would sell them in my account to avoid him getting slaughtered by taxes. + +Is this legal and would this really work? +Many people making 100k salaries assume they will just work part time and still bring in a nice wage. Unfortunately we know that is incredibly rare. + +Does anyone know of any part time jobs that do pay well? +Time for a different type of DD. + +I've been seeing a lot of talk and posts recently about a supposed crash being right around the corner. Mentions of the post WWI Weimar republic hyper-inflated Germany, USD collapses, and mass transfers of wealth from the poor to the rich. **An autistic hedge fund manager with an MD tweets a few times and everyone loses their minds (insert Joker reference).** + +So let me impart to you some of my wisdom and knowledge as a finance major and risk management professional. + +Here's the rub. Is a crash going to happen? **Yes.** + +Is it the end of civilization as we know it? **No.** + +Are you going to be ok? **Maybe.** + +We're a genuine conglomerate of retards. Some of us are figurative retards, others of us are actual retards. No disrespect to the actually mentally handicapped. + +Take the latest GME craze for example. We had folks yolo their literal life savings into this. I don't care if the price of this is ballooning into the tens of thousands... you NEVER invest all that you have into one single thing. Didn't you ever f\*\*\*\*\*\* learn to not put all your eggs in one basket!? + +We always joke about being apes, but even monke no touch poisonous snake... + +Here's what happens with crashes: the rich get bailed out by the taxpayer, the poor get absolutely destroyed, and the wise/prudent get to keep their house and food on the table. + +**What you dipshits need is wisdom.** Are you living paycheck to paycheck? Stop buying useless shit you don't actually need. This isn't some r/financialindependence circle jerk post, this is just basic common sense. + +Save your damn money, get yourself an emergency fund, cut back on your variable expenses, budget your money. + +The people who actually get screwed in financial crashes are those of you who aren't prepared for one. Here's a tip: **THEY'RE ALWAYS GOING TO HAPPEN.** + +You don't buy car insurance because you're terrified of driving, you buy it because you know the probability of getting into a crash isn't 0%, and you want to be covered in that eventuality. + +It's the same with your finances. Risk is inherent to life. ***And the chances of a massive financial disaster is never 0%.*** + +So quit freaking out about a financial collapse, because it's always a certainty. What you need to do, is instead start preparing for one. If you were to lose your income tomorrow, would you have a six months breathing period? Would you be able to pay all of your bills for an entire six months and not starve? + +This is what the majority of you new beautiful retards don't get. Those of us who have been in here since before 1,000,000 subs actually have our shit together. Most of us didn't start investing and "yoloing" until we had a 6 month+ emergency fund, or some sort of a financial parachute. And we never touch that fund, because as we saw with GUH-boy, things can literally go tits-up for no reason whatsoever, and next thing you know, your wife's boyfriend is jerking off to the loss-porn you posted because she's giving him blue balls just like you. + +The spirit of WSB isn't trebuchet-ing your entire net worth into a single security and going full GUH when it inevitably goes tits-up, **it's taking the net-worth that you can afford to lose and yeeting it into gourd futures while still being able to feed yourself/your family without having to suck dick behind a 7/11.** So embrace your inner monke, but remember that even the dumbest of apes still know not to fuck with dumb shit... + +***TLDR; Financial crash is always a possibility. Don't be a dipshit. Prepare for one. Be smart with your money so you can eventually be dumb with it without losing it all because some WallStreet pricks ran out of devil's-dandruff to snort off of hookers and intentionally tank the economy.*** + +Obligatory *non-zero-amount* GME @ *$none-of-your-business* 1/25 + +\*Not a financial advisor, but this is literally common-sense financial advice\* + + +Edit 1: Forgot that car insurance is compulsory in the US. Please shut up about it. +Hi, this is my first post in options so my apologies if I don't hit all the guidelines. I've been trading options for right at 30 years now. I focus about half on directional trades (my mentor taught me on futures, so the momentum strategies always stuck with me) and half on premium selling. Example, if a stock has 8, 21, 34, 55 and 89 EMAs on the daily chart that are all stacked positive, I will buy delta 70 calls 30 to 60 days out and close out half on a retest of resistance and hold half for a move through resistance and to the 1.272% Fib extension. The opposite setup for shorts and buying puts. I'm also a huge fan of selling premium, typically call credit spreads at resistance and put credit spreads at support, usually 10 days out as I'm looking for rapid premium decay. + +I'm posting this as I see there is a ton of new people in the markets. While nobody can say exactly what is going to happen next, keep in mind that the cycle below always repeats itself. As a general rule, if a stock is above its daily 21 EMA I will buy the dip (buy calls, sell put credit spreads). If it closes below its daily 34 EMA, I will sell the rip (buy puts, sell call credit spreads). + +Last, NFLX is a market proxy. Whatever NFLX does, the market follows about a week later. + +Some notes on the chart below based on comments. Think of this as the emotional roller coaster traders are going on. You can apply this same idea to a single stock or the markets as a whole. You can also apply this to different time frames. This same "cycle" can happen every day on a 1-minute chart as day traders go through the greed, delusion, fear cycle on every trade. I tend to watch this on the daily and 30-minute charts. A "capitulation" on a 30-minute chart is often a great buy signal on a daily chart. + +Hope it helps! + +[The psychological\/emotional cycle](https://preview.redd.it/u4v70sgg3y451.png?width=956&format=png&auto=webp&s=efc5af0133fb6e5d2b5bd0e7c7f233199e4f20f8) + +Note, based on the questions below I'm adding this daily chart of the QQQ. Yellow = 8 EMA, White = 21 EMA, Purple = 34 EMA, Thick Yellow = 200 SMA. EMA = exponential moving average. SMA = simple moving average. + +As a general rule of thumb: I look to "buy the dip if the 8, 21, and 34 are stacked on top of each other. I will buy pullbacks (sell put credit spreads, buy in the money calls) into the 8, 21 and 34 EMAs. Stop loss is a close below the 34 EMA. + +Once the 8 EMA crosses below the 21 and 34, I will short rallies (sell call credit spreads, buy puts) into the 8, 21 and 34 EMAs, with a stop as a close above the 34 EMA. If a full position is 9 lots, I like to scale in 3 at each level. This means many times I don't end up with a full position. + +Does this work every time? No. Is it an effective road map as to where we are in the markets and if it is ok to still "buy the dip?" I find that it is. + +Where are we now? On the daily QQQ, they are all still stacked positive so buying the dip is fine. Just look for the 8 EMA to cross the 21 as that typically kicks off steeper pullbacks and sell-offs and can run people over if they aren't aware. + +I also use this same idea on 30-minute charts for 1 to 3-day trades. I posted a 30M chart below. + +[QQQ Daily Chart](https://preview.redd.it/wwcyqv8kiz451.png?width=1109&format=png&auto=webp&s=0cd1fb96ece54307e905e03131d337f19688642b) + +On the 30M chart, it is going to be "whippy" but you can use the same philosophy for shorter-term trades as well as use it as a heads up for "pullback to the daily 21 ema" on the daily chart. i.e., once the 8 crosses the 21 and 34 on the 30M, look for a pullback to the 8, 21 and possibly 34 EMAs on the daily chart. + +[QQQ 30M Chart](https://preview.redd.it/shxgymykkz451.png?width=1105&format=png&auto=webp&s=98bc465f55ba601af810fd20dff0a6de7bf976ab) + +Based on the above, I could buy calls on a stock like TSLA on the daily chart, but buy puts on the QQQ on the 30-minute chart for a short term trade. This is also a nice "hedge" (long a stock, short an index) in case the market sells off hard. + +Last thought: As a newer trader, it is important to understand what your brain should look like "while in a trade." Just because we stare at a chart and hope it will do something, doesn't mean it will do what we want. The only certainty is uncertainty. Instead of focusing on the fear of the unknown, focus on the risk of the unknown. Know in advance how much you are willing to risk on an idea. When in doubt, get out. Re-entry is only a commission away. + +&#x200B; + +&#x200B; + +&#x200B; +There is visibly more to the story than what I thought to be a good bet. Is gold down due to the expected interest rate increase? +Was the inflation already priced in and now with the Fed indicating that we're heading towards a new rate hike which is a direct measure to counteract the raise of the inflation it causes gold to drop? +Hi all, + +Firstly thank you in advance for any of your inputs. + +We have been living in Melbourne for nearly 15 years now but now we just can't afford to buy any house for our own giving the current climate. + +We are thinking of moving to Perth. Can you please advice which suburbs are good for raising a family with good schools and public transports? + +We can only afford 700-800K range and would love to buy a house. + +Thanks + +Donuts +The company I work at is gathering feedback from employees about possibly moving from a fortnightly pay schedule to a monthly one. + +Personally I really enjoy getting paid every 2 weeks. It makes budgeting a lot easier and I'm sure will benefit those who aren't financially literate. + +What are your thoughts on being paid monthly? +Hi /r/stockmarket, Louis here again. Last month, I posted a [DD on $THCB](https://www.reddit.com/r/StockMarket/comments/l5ygd8/dd_on_thcbmicrovast_the_stars_appear_to_be/) three days before their Definitive Agreement to merge with Microvast sent the shareprice flying from $15 to $24. I'm back again today to share some of my research and speculations of Microvast and reasons why I'm expecting this to be a multi-bagger. + +**1. BlackRock:** as part of the merger, Microvast received $540m in PIPE investments, most of which came from BlackRock. In case you don't know who BlackRock is, they are the king of all investment funds with $8+ Trillion of assets under management. + +Now there are lots of companies of which BlackRock has a sizable ownership% owing to the fact that these companies are part of one index or another. For example, if BlackRock has $10 billion invested in the Russell 2000 Index, and XYZ Corp accounts for 0.1% of the index, then BlackRock "owns" $10 million of XYZ corp. + +This is *not* the case with Microvast. BlackRock thoroughly vetted the company and invested a huge sum in the company in the form of a PIPE. For a lot of people, this is enough evidence that Microvast is a solid investment. + +**2. OshKosh:** customer and strategic partner. And I want to emphasize the *customer* part. Part of the $540m PIPE came from OshKosh ($OSK), an American industrial company that builds trucks and military vehicles. They are currently working with Ford on a Next-gen Delivery Vehicle bid for a $6.5 billion contract with USPS who many are assuming is going to Workhorse $WKHS because Joe Biden mandated that the federal fleet will be replaced with American-made EVs, and Workhorse is the only contractor with a proposal that fits the bill (more on that later). + +However, OshKosh fully intends to stay in the bidding process, and they will update their NGDV proposal (currently a diesel model) with an electric model. How do I know OskKosh is still shooting for that USPS contract? Well, because their own CEO said so: "We've got a very strong, very comprehensive bid that meets all of the needs of the U.S. postal service. So I mean, repeat that we do meet all the needs of the U.S. postal service, meaning if they want under the Biden administration, more weight towards one type of propulsion than another. We're ready for that. Now we've got our fingers crossed. We believe, we've got high reliability solutions and hope to have good news at the next earnings call." + +Okay, so a OshKosh/Ford joint venture is bidding for a USPS contract. What does that have to do with THCB? Microvast sells batteries for commercial vehicles and OshKosh happens to be a *customer*, remember? But that's not all: + +**3. Ford:** USCAR (a collaboration between Ford, GM, and FCA) awarded a $1 million contract to assess Microvast's Lithium-Ion batteries. This a doubly big deal because OshKosh/Ford's NGDV will need a battery, and Ford's battery supplier for their EV trucks is: + +**4. SK Innovation,** whose EV battery business (importation, domestic production, and sale of batteries for electric vehicles) will be banned in the U.S. for 10 years by the ITC. This means that Ford will be looking for a new EV battery supplier before SK Innovation's grace period to operate in the U.S. is up. + +**5. M Stanley Whittingham,** 2019 Nobel laureate and the [Founding Father of Lithium-Ion batteries](https://en.wikipedia.org/wiki/M._Stanley_Whittingham) is joining Microvast's board of directors. I'm not shitting you. This would be like Boeing having the Wright brothers on their board of directors. + +**6**. **The "Chinese" stigma**: Microvast is often regarded as a "Chinese" company and there is a bit of investor apprehension reflected in its current share price owing to that fact. Although Microvast is headquartered in Texas, the majority of Microvast's current operations is in fact in Huzhou, China. This isn't because Microvast is a Chinese company, however, but because most of Microvast's customers are in China. This will become a thing of the past once Microvast's plants in Germany and Tennessee begin production (more on that later) + +**7. The USPS Angle:** It's highly unlikely to me that Workhorse will win a significant portion of the $6.3b contract. My money is on OshKosh/Ford winning the contract for a number of reasons: + +* Workhorse was already rejected once by USPS in 2016 during the earlier phase of the bid +* Workhorse snuck their way back into the bidding process by partnering up with VT Hackney +* The VT Hackney-Workhorse's prototype reportedly injured the USPS employee who was testing it when its [brakes failed while going downhill](https://www.benzinga.com/news/20/10/17838749/workhorse-short-seller-says-usps-bid-unlikely-to-pan-out) +* VT Hackney backed out of the partnership and sold their spot in the USPS bid to Workhorse for a small sum +* Workhorse has NEVER showed the capability to manufacture this many vehicles. Oshkosh on the other hand has manufactured thousands of vehicles and accessories for the [US](https://www.defensenews.com/land/2020/03/31/oshkosh-wins-contract-to-modernize-armys-heavy-tactical-vehicles/) [Military](https://apnews.com/press-release/business-wire/business-government-business-and-finance-government-contracts-north-america-wisconsin-6dfef293a1e74ace8d6d88f5a14ca71f) on [multiple](https://www.manufacturing.net/supply-chain/news/13067919/army-awards-oshkosh-corp-132m-contract) [occasions](https://www.reliableplant.com/Read/25106/Oshkosh-Defense-contracts-Army). +* In 2017, Workhorse's CEO boasted $300million in preorders for its W-15 pickup truck which sells for $52500. That's about 5700 trucks. Workhorse's TOTAL revenue for the subsequent 3 years are: $763K, $376K and $376K. I know Subway franchises that do more sales than that. +* If the contract does indeed go to Oshkosh/Ford, the likelihood of Microvast being the EV battery supplier is almost certain (see points #2, #3) + +**8. QuantumScape** $QS is considered by some to be one of Microvast's main competitors. Their "Solid State Battery" technology is indeed groundbreaking and arguably more advanced than anything in Microvast's current line up--if it works. According to an article on Seekingalpha, solid state batteries “will only last for 260 cycles or about 75,000 miles of aggressive driving" and are "completely unacceptable for real world field electric vehicles." There are now lawsuits filed against QS for misleading investors about its battery technology. It's worth noting that QS peaked at $130+ a share and still trades at $54 today, with a current market cap of about $20 billion. (By contrast, the merger only values Microvast at **$3** billion!) + +**9. Not 2027. Not 2025. Now.** Microvast's technology is already here and on the roads. Microvast’s batteries are integrated in almost 30,000 vehicles, running in 160 cities in 19 countries. They are generating $100m in annual revenue now, and has signed contracts with value totaling over $1.5 billion. When a major correction comes to wipe the froth off the EV market, Microvast will be just fine because they're not some story company still putting the finishing touches on their prototype. They have the tech, they have the money, they have the customers. Now. + +**10. Faster charging times.** Microvast's in-production (again, not something coming in 2025) can charge 3 times faster (\~22miles/minute) than the current leading passenger BEV (\~6miles/minutes). As a Tesla owner, I would say that one of the least enjoyable part of owning a Tesla is waiting for 30-45 minutes at the Super Charge station every three days. I would pay good money for an EV battery which can charge in 1/3 of that time. + +Bonus reason: **11. Changan Automobile,** one of the big four automakers of China, enters partnership with Microvast to manufacture batteries for their **passenger** cars. This is important because it makes them a serious contender in the passenger car battery market, which is much bigger than the market for e-bus/truck batteries. + +Bonus reason: **12. MADE IN AMERICA.** "In 2019, at the request of the U.S. Department of Energy (DOE), Microvast began the process of establishing a Li-ion battery facility in the United States. As part of the project, Microvast will renovate and expand a facility located at 780 International Blvd. in Clarksville to manufacture battery cells, modules and packs." + +The U.S. Government is practically handing a domestic EV battery monopoly to Microvast by asking them to establish operations in the states and subsequently banning one of their biggest competitors (other competition includes Tesla/Panasonic's plant in Nevada, which only supplies Teslas, and a GM/LG Chem in Ohio, which will supply GM) + +And how much is this company valued at? Only $3 billion ($2.1b if you don't count the cash they're getting from the merger.) + +Positions: 1200 warrants, 500 shares, 2 call contracts @ $30. This is not investment advice, do your own DD. + +Resources: + +Investor Presentation [http://www.microvast.com/upload/2021/02/05/16125326719819fmnxa.pdf](http://www.microvast.com/upload/2021/02/05/16125326719819fmnxa.pdf) + +USCAR: [http://www.uscar.org/guest/news/1011/News-Release-USABC-AWARDS-1-04-MILLION-BATTERY-TECHNOLOGY-ASSESSMENT-PROGRAM-CONTRACT-TO-MICROVAST-INC-](http://www.uscar.org/guest/news/1011/News-Release-USABC-AWARDS-1-04-MILLION-BATTERY-TECHNOLOGY-ASSESSMENT-PROGRAM-CONTRACT-TO-MICROVAST-INC-) + +SK Innovation (Ford's battery supplier) is banned [https://insideevs.com/news/487231/sk-innovation-batteries-banned-10-years-us/](https://insideevs.com/news/487231/sk-innovation-batteries-banned-10-years-us/) + +Lawsuit filed against Quantumscape [https://finance.yahoo.com/news/lawsuit-filed-quantumscape-corp-sued-130000776.html](https://finance.yahoo.com/news/lawsuit-filed-quantumscape-corp-sued-130000776.html) + +DOE requesting Microvast to establish facility in the U.S. [https://www.tn.gov/ecd/news/2021/2/10/governor-lee--commissioner-rolfe-announce-microvast-to-establish-manufacturing-facility-in-clarksville.html](https://www.tn.gov/ecd/news/2021/2/10/governor-lee--commissioner-rolfe-announce-microvast-to-establish-manufacturing-facility-in-clarksville.html) +It just seems completely crazy to me, I'm only 31, but I understand the way economies work. I can't wrap my head around how you get out of it with zero interest and minor growth? On top of that with China no longer hoarding USD's won't all that QE come rushing back into the market and hyperinflation occur? Will someone please explain to me how I'm wrong and Bernake is and he knows what he is doing, cause I can't wrap my head around it at all. +This is an email Amazon is sending to its California Associates. + + + + + +Hello, +For well over a decade, the Amazon Associates Program has worked with thousands of California residents. Unfortunately, a potential new law that may be signed by Governor Brown compels us to terminate this program for California-based participants. It specifically imposes the collection of taxes from consumers on sales by online retailers - including but not limited to those referred by California-based marketing affiliates like you - even if those retailers have no physical presence in the state. + +We oppose this bill because it is unconstitutional and counterproductive. It is supported by big-box retailers, most of which are based outside California, that seek to harm the affiliate advertising programs of their competitors. Similar legislation in other states has led to job and income losses, and little, if any, new tax revenue. We deeply regret that we must take this action. + +As a result, we will terminate contracts with all California residents that are participants in the Amazon Associates Program as of the date (if any) that the California law becomes effective. We will send a follow-up notice to you confirming the termination date if the California law is enacted. In the event that the California law does not become effective before September 30, 2011, we withdraw this notice. As of the termination date, California residents will no longer receive advertising fees for sales referred to Amazon.com, Endless.com, MYHABIT.COM or SmallParts.com. Please be assured that all qualifying advertising fees earned on or before the termination date will be processed and paid in full in accordance with the regular payment schedule. + +You are receiving this email because our records indicate that you are a resident of California. If you are not currently a resident of California, or if you are relocating to another state in the near future, you can manage the details of your Associates account here. And if you relocate to another state in the near future please contact us for reinstatement into the Amazon Associates Program. + +To avoid confusion, we would like to clarify that this development will only impact our ability to offer the Associates Program to California residents and will not affect their ability to purchase from Amazon.com, Endless.com, MYHABIT.COM or SmallParts.com. + +We have enjoyed working with you and other California-based participants in the Amazon Associates Program and, if this situation is rectified, would very much welcome the opportunity to re-open our Associates Program to California residents. We are also working on alternative ways to help California residents monetize their websites and we will be sure to contact you when these become available. + +Regards, + +The Amazon Associates Team + +Mike Rowe Work Ethic Scholarships. + +I know links can be frowned upon, so just search the above and see what you find. I remember looking into it and Caterpillar mechanics were starting at something like $80,000 a year, plus benefits and paid training. They were desparate to hire people because no one wanted to do the work. It's hard and dangerous, but even a single year at that job and frugal living could fund all the usual emergency funds and more. + +I never actually needed to apply for this, but I've had my eye on the foundation for a little while and it helped encourage me to just suck it up and get a "Dirty Job" and fix my life once and for all. I'm still very early into my new career (tow truck driver), but Mike Rowe has been helping me for many years. I can't stand most celebrities, but I like Mike. I re-listen to a long form podcast interview of him every once in a while on The Tim Ferriss Show and it reminds me to just be ok with my progress in life. Plus he's hilarious. + +I've dug ditches for cash, fixed cars, drove a Bobcat, and even done computer repair and industrial work over the years. The worst jobs I've ever had were office and warehouse jobs. My favorites so far were carving fountains out of stone with a hammer and chisle, tree cilmber and trimmer, and my current job of tow truck driver. The first one will probably never find me another job, but the other two are pretty fun and pay the bills, and you'll always have work. Not glamorous work, but you won't starve. I've gone without food enough times to know that I'll happilly climb a tree with a chainsaw or haul a mangled car off the freeway at 3am. I wish the world hadn't give honest work such a bad name... +Working at an internship right now that's not necessarily finance, but pretty damn cool and looks good on my resume (although not as good as a summer analyst at a badass shop, but whatever). I have quite a bit of free time since I'm only working 40 hour weeks. + +I've been reading a bunch of fiction and programming books (hobby), but what can I be doing to really help myself be a great analyst and also become more employable? +As many have seen, there are clearly patterns that emerged the last month in trading in regards to inverse relationships between ETH and BTC. There are also patterns seen in the public relations regarding other alt-coins and their trading directions. + +To put this all in the mind of the market, consider these things: + +* You are largely trading against bots. + +* The big players know what trends you are being trained to recognize and respond to. + +* You are also a machine and the market is machine-teaching your machine-learning brain. + +* The other altcoins are not ecosystems like ETH and any FOMO you might have towards their price action is not helping your focus on learning or researching ETH. + +There are people that will get it right, perhaps because they are versed at forex markets and know how to manage their stash and earn a bit here and there. + +But many whales will tell you that holding would have netted them a lot more profits than playing the markets this last year. + +Just be sane in these rather exciting times. You might think you can outsmart the machine, and that is exactly what the machine wants you to think. + +It is better to be a bad better and not get up to batter, +Than be a bad better turned badder because of badder betting. + +Okay that might not make sense unless you fuzz the word meanings a bit and say it slowly. + +Happy trading, hodling or just watching in awe as this all unfolds. + +May the Eeeth-Ter Bunny bring everyone here good fortune in time. +## [Updated thread here](https://www.reddit.com/r/ethtrader/comments/8tgjqk/update_eth_at_1000usd_smart_contract/) + +*Read the* [***original thread***](https://www.reddit.com/r/ethtrader/comments/8sn7ir/predict_the_exact_day_eth_will_reach_1000_again/) *that started the proposition* + +*If you wish to contribute to this project, please visit the* [***Github repo***](https://github.com/fuguefoundation/Contract-ETH1000)*. I've done some preliminary testing, and have* [***deployed a prototype***](https://rinkeby.etherscan.io/address/0x8068b04a163cb45d9f6397cd309625b24c896f97) *to Rinkeby.* + +So I've created a draft contract for community review in the event that u/Jimmyn3wbert does indeed wish to give 1 ETH away when we're back at 1000 USD, and assuming he wishes to do so via smart contract. + +One possible way this could play out: + +1. Community audit and code review +2. I deploy contract and transfer ownership or Jimmy deploys it himself +3. Funds are deposited into the contract +4. Users begin making guesses using UNIX timestamps and the address they'd receive the funds in, one guess per address +5. When the contract owner is ready to finalize the deal, he calls a function that enables an oracle to query Kraken's public API. If the price is greater than or equal to 1000 USD, the `payout` function is enabled. +6. Contract owner calls `payout`, which takes the winning timestamp as a parameter. The function iterates over all the various guesses and finds the participant that made a guess closest to the winning timestamp. +7. A winning address receives 1ETH + +I recognize this approach is not 100&#37; decentralized, but I have yet to see an autonomous way of securely implementing this idea. It's a start, looking forward to seeing where it goes! + +EDIT: It is worth bearing in mind some game theory specific to this case. If the contract owner is also the person providing the ETH, and all the participants only have to pay gas in order to participate, then that changes the incentive mechanisms of misusing the payout or selfdestruct functions. There seems to be an inherent "gentlemen's wager" element to this game which smooths over a few of the non-decentralized elements. +I noticed this ICO pop up on a couple of my social media feeds so went and had a look, mainly because they are lauding Vitalik Buterin as a team member... + +The website to be fair is half decent and could reel in some unwitting newbies but i also remember Vitalik stating he was distancing himself from any new projects going forward so i was skeptical.. + +Then i watched 'their' promo video, which if you take the 1:40 to watch it (youtube link below) you will see that whenever the company name is mentioned the audio cuts out. Not sure which project the vid is from but its not this one!!! PLUS, would an ICO like this be under the radar.....? no. + +Thought i should share this so that people aren't duped into sending money to a scam ICO. + +If i have this wrong, please convince me otherwise, but this is super shady IMO. + +https://www.othor.org + +https://www.youtube.com/watch?time_continue=84&v=FwmIHbhOlB4 + +https://medium.com/@othororg/ico-alert-report-othor-e8c6bae545c4 +[VB being covered on CNBC?](http://www.cnbc.com/2017/06/22/meet-vitalik-buterin-the-founder-of-bitcoin-rival-ethereum.html), with credit [here](https://np.reddit.com/r/ethtrader/comments/6j1d2j/cnbc_covering_buterin/) for the community member who brought it here first. + +or + +[VB coming up with a simple scaling solution?](https://np.reddit.com/r/ethereum/comments/6j0gcn/highlight_for_discussion_eip_648_make_ethereum/), with credit [here](https://np.reddit.com/r/ethtrader/comments/6j19x7/vitalik_proposes_adjustable_gas_costs_as_a_fix_to/). + +*ETH-World problems...* + +**EDIT** + +Ok, and more crazy news in the time I was writing the above: + +[Booz Allen looking for an Ethereum Dev.](https://www.reddit.com/r/ethtrader/comments/6j1qya/booz_allen_looking_for_blockchain_developer/) + +[McAfee mining Ethereum](https://np.reddit.com/r/ethtrader/comments/6j1ish/mcafee_global_technologies_mgti_to_mine_etc_and/) + +EDIT 2 + +Well, [this](https://np.reddit.com/r/ethtrader/comments/6j2ztn/cnbc_ethereum_vs_bitcoin_what_sets_them_apart/) is quite a nice treatment of Ethereum by CNBC. If they could just edit their statement of the Coinbase mishap to be more accurate. +Hey all of you. +Well right now I be poor as fuck. So I had some holiday/vacation time to consider my goals thanks to some inspiration from parnsips "make a list". + +What I propose is that post moass I would like to solve 2 huge global issues with one solution. + +Hear me out please. + +So housing for most of us apes less wealthy we know housing is a MASSIVE issue. The cost of housing has spiralled astronomically over the years. + +Global warming is a massive undeniable issue that as a father scares me. + +What i propose is post moass I will form housing projects where I will be offering rent cheap as chips. + Reasonable affordable housing for all. I would like to make this extremely affordable by offering rent at a fair and just price only cutting off access to this programme for people who are wealthy ( lets say for example in the uk anyone on £80,000 per year plus can not access this project as a ball park figure). + +The money made off this will be reinvested two fold. FIRST to buy up MORE affordable and fair housing for all !!! No more will be tenants work 60 hours plus a week to afford a house! + +Secondly I want to utilize the funds to also purchase land .... this land will be green space ... tree's planted and wild meadows bought back to the uk. + +This land will not be for sale .... EVER! + +Think about the scale of this. Not only can we provide an adequate living standard to thousands of people. We can literally slowly save our planet through a combined effort. + +I URGE you to consider post moass how you will initiate philanthropy, less we become what we currently are holding against. Pure utter greed, gluttony of wealth and utter megalomaniacs. +For everyone who hasn't noticed: it's an excellent time to get into small caps. + +The Russell 2000 is down about 7% from its all time high on March 15th but still up over 10% on the year to date. This is on top of the 18% return during 2020. When measured from the March lows, it is now up 87% compared to the 44% for the S&P 500 and 68% for the NASDAQ. + +From a macro perspective, small caps tend to lead during the beginning of a new bull market. Based on everything I've read, most predictions are that it will continue to outperform the broader market for the foreseeable future and this correction is a very good buying point. + +It's also a solid bet if you're bullish on the reopening trade and/or want some diversification. The top 10 biggest components (which weighted at \~4.5% are still very small compared to the S&P \[27%\] or NASDAQ \[44%\] ) are: + +* **Penn National Gaming**\--up 29% YTD + * gambling +* **Plug Power**\--up 8.5% YTD + * renewable energy +* **Caesars Entertainment**\--up 13.9% YTD + * also gambling +* **Novavax**\--up 97% YTD + * vaccine maker that's likely about to get approved for a COVID vaccine +* **Darling Ingredients**\--up 19.5% YTD + * something in agribusiness/food waste I think? +* **A company that sells games that has been in the news lately**\--up 864% YTD + * mentioning it apparently gets the post removed by the automod +* **Lithia Motors**\--up 27% YTD + * car sales +* **Deckers Outdoors**\--up 11% YTD + * clothing and shoes +* **Builders Firstsource**\--up 3.6% YTD + * construction materials +* **Sunrun**\--down 19% YTD + * residential solar + +Just thought I'd let people know since the S&P, Dow and NASDAQ tend to suck up all the oxygen. + +Cheers. +My relationship with my parents has become troubled as of late, and as a result my parents have been frequently threatening to kick me out. My girlfriend's family has offered to let me move in so housing isn't an issue. I know that success in this situation is possible, I just need help coming up with a plan. Any help is extremely appreciated! + +Edit: wow you guys all have incredible experiences! FYI: I live in Santa Barbara, California. I do have a bike and am accustomed to long distance riding. All this information that you guys have given me is priceless, yesterday I was down in the dirt and depressed over the idea of starting a life, thanks to you guys I see it's possible. +I do very well for my self. I’m 31, I’ve made over 120k each year for the last 3 years. But I have terrible credit (580 now, up from 420 two years ago) and a lot of student loans that are all over the place. Frankly i don’t even know where to begin with a lot of these things. Thoughts? + +EDIT: I seriously appreciate all of the insight, teachings, and criticism that I’ve received on this thread tonight. I can’t wait until I have time to sit down and truly read into everyone’s comment and influence. From what I’ve been able to look over, I’ve already learned more about finance in less than 24 hours than I’ve ever seen in my entire life. For those of you that took the time out of your day to respond to me. I thank you from the bottom of my heart. After thanksgiving when my show is over and I’m not working 14 hours a day 6 days a week. I’ll be able to sit down and go through everyone of these comments. +I bought a bunch of stocks near the bottom, but now I have like 20 different stocks. I'm thinking about going all cash. I have enough capital to afford to sell one CSP for SPY. It looks like I can make at least $500/month selling a contract about twice a month. SPY has pretty much always been bullish. + +Anyone have experience with this? I know it's not diversified and all my money will be tied up. What do you all think? +How are you occupying your time so you are not excessively checking in and DD'ing, including over the weekend? Any tips or tricks on balance? + +I tune in pre-market 8am Bloomberg live. Sometimes I dont sleep until 4am and I've caught a glimpse of 4am pre-market while checking futures and ticker performance in European markets. Read comments on Webull, Youtube, Marketbeat, Tipranks, Yahoo Finance, Barchart, Finviz. Look at option chains over and over again. Put on my trade, watch the charts 6-7 times during the trading session, while reading social media comments. After trading hours, recap and process all mass media communications and revisit all above sites for tweaks/trends/changes. 5-7pm, catch up on fundamentals/ idea generation / compare other peoples DCF models. + +\*I have no major obligations, but know this is not a sustainable lifestyle. 4-5 hours sleep and then 2 hours sleep/nap in early afternoon. +How are you occupying your time so you are not excessively checking in and DD'ing, including over the weekend? Any tips or tricks on balance? + +I tune in pre-market 8am Bloomberg live. Sometimes I dont sleep until 4am and I've caught a glimpse of 4am pre-market while checking futures and ticker performance in European markets. Read comments on Webull, Youtube, Marketbeat, Tipranks, Yahoo Finance, Barchart, Finviz. Look at option chains over and over again. Put on my trade, watch the charts 6-7 times during the trading session, while reading social media comments. After trading hours, recap and process all mass media communications and revisit all above sites for tweaks/trends/changes. 5-7pm, catch up on fundamentals/ idea generation / compare other peoples DCF models. + +\*I have no major obligations, but know this is not a sustainable lifestyle. 4-5 hours sleep and then 2 hours sleep/nap in early afternoon. +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. +The whole concept of LEAPS may be counter to the principles of Theta gang but would you correct my theory that given a stable stock like AAPL, SPY, MSFT, investing in deep ITM LEAPS (with Delta > .90 and theta of less than 0.01) expiring in 2 years may be more profitable and less time- and energy-consuming than wheeling that stock in the same period. + +Case in point: I bought an AAPL $60 call expiring 3/2023. Cost me less than $6k early last week. Closed out and made a profit of more than $400 this week just to test my theory. +Hello traders, + +Please could someone help me with taxes issues concerning complex options strategies, like Iron Condor, in Germany. I am asking this because I've watched some you tube videos highlighting that these strategies in Germany are useless. + +Appreciate the support. +Noob here. I’m a long term holder and am now interested in options for making some extra money. I like F, if I was going to sell a CSP and am interested in owning it what should I be looking for in a contract? Or should I just buy it? Also would F be a good stock for the wheel? +I recently heard about [https://www.optionsprofitcalculator.com/](https://www.optionsprofitcalculator.com/), which is clearly outdated and seems like it only exists to make money from ads. Are there any better versions of this tool, or anything different that is used for similar purposes? +I'm a beginner stuck on Robinhood. Thinking of moving to TDA's Think or Swim (or maybe Webull). Some questions: + +* Doesn't the $0.65 fee per options contract add up? +* Why are you content to pay this? Is it because the tools are just so much better on TDA? (They do look pretty cool). +* What do you think of the extended 7 am to 8 pm extended trading hours? I'm not asking this so much in terms of options trading, but more in terms of getting in on good deals around after hour earning calls, and the ever-more popular SPACs + +Thanks for your input! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I'm going to keep my DD short and simple, in layman's terms for this. + +$APHA was already showing good growth through 2020 despite the cannabis market being a 'wild west'. The recent merger news will only boost revenue and, if cannabis were ever legalised in the US on a federal level (which I believe it one day will be), the value will go through the roof. This isn't a meme rocket stock, but I think it is one of the best and most affordable cannabis investments now. + +Just something to think about, do your own thorough DD and don't just listen to me. + +&#x200B; + +EDIT: To those asking, I have read that the merger deal is likely to close in Q2 2021, but I am NOT certain on this. + +&#x200B; + +EDIT 2: Honestly pretty new to posting on here so thanks for the amazing discussions going on in comments! +So after tax, insurance and 401k my take home potion of my pay is $825. I graduated like 6 months ago and started my job in April. I had to take a loan 30,000 during Covid (for college but I found a job after awhile and started making loan payments) and I have about 16,000 left to pay. My goal is to pay it off before 2024. I do have like 2k in credit card debt. So my expenses are : +Rent :$1525(NYC 😖 I honestly don’t think it’s possible to find a cheaper place than this. Last week my next door apartment(same floor plan) got rented out for $2300… my building is rent control and I have been living here for awhile ) +Phone+home internet:$120 +Con Ed: $80 (sometimes less) +Grocery: $500 +Eat out:$200(some months less and some months more 😑😑) +Loan: $550 +Hulu: $14 +Savings : $200 +Credit card :$200( when I have like 1000 saved up I put it towards the loan) +Transportation:$50( work from home and mostly bf drives me to places) +Savings for mom: $100 ( she doesn’t have insurance and I wanna be able to help if anything) + +How can I adjust my budget and not feel broke… I know I just finished college and started working full time… +I shop at Trader Joe’s.. I feel like their food has a good quality and less pricey. I have a very sensitive stomach and even a bad food smell makes me sick for days…. I learned that it’s cheaper to eat quality stuff than paying the emergency bill lol + +How do you guys stay in budget.. it’s supper easy to lose track…. And any suggestions on where to grocery shop? Whenever I look at my grocery bills I feel like I eat too much… but I like food!!! Luckily I don’t have to buy clothes and stuff for work because we are still working from home but I still wanna buy stuff sometimes and I feel guilty and horrible every time I get something 😓😓 +I have been living by a strict budget for the last few months, and I must say, it is very liberating. + +&#x200B; + +A little background: I am 28 and married with a 1 1/2 year old. My wife used to work, but now she stays home with the child, so she brings in no income. Almost 2 years ago, we moved from Seattle to a much lower cost of living area in Arizona. We sold our house in Seattle and made a ton of money on it and moved to Arizona to live near family and so that I could go to work for the family company. My salary roughly stayed the same, but my wife's went away completely. We rented a place from my parents for a while, but last Spring we bought a house and spent about 6 months renovating. We had a good chunk of money from selling our house and from a 401k loan, and we used that money as a down payment and for renovations. Our attitude was that it would be very difficult to do renovations while living in the house, so we wanted to get everything done before moving in. At the time, we weren't living on a budget, so we didn't have a good idea of what we were spending vs saving. The cost of living is much lower where we are now, but we had the baby which meant one more set of expenses. Also, my wife's body had changed some from the pregnancy and she was feeling bored from no longer having a job, so she was doing a lot of shopping, especially for clothing. By November, our money ran out completely. We even blew through our emergency fund. And we still had a little over $1000 owed to the contractor. We had more credit card debt than cash, and I had never in my life paid any interest on any of my credit cards. We got lucky over the next month that I'd get a paycheck right before one of the credit card payment was due. However, even though my wife and I tried to cut back, we still were spending more than I was making. + +&#x200B; + +Mid-December, I knew that a change was needed. I created a budget. I had tried it before, but it had been too difficult to predict everything for the month and it only ever lasted a couple of months. This time, I tried something different. I have all of my monthly, automatic expenses listed first. Those are predictable, so that was easy. In this category I even added things that happen less than once a month, but I divide by the number of months and use that number. For instance, I take my Prime membership fee and divide by 12, and put that number in each month. Then, I added categories that are more variable but I have to spend money on every month. To this I added groceries and utilities. For these, instead of putting a "limit", I tried to predict what it was likely to be. Then, I added a line for what I want to save/invest every month. It would go towards my emergency fund first until that was full, then go towards paying off the 401k loan, and then towards other investing. Last, I took what was left and set that aside for what my wife and I call "discretionary". True discretionary spending is part of that. That includes eating at restaurants, buying alcohol, buying decorations or clothing, etc. It also includes more irregular spending that isn't a consistent amount and doesn't happen in consistent intervals, such as Dr. visits. I track my budget using spreadsheets, and tally up my spending using Mint.com. + +&#x200B; + +We've only been doing this for a few months now, but I feel so much more free now than when I wasn't on a budget. We bought a couch and a Peloton using interest free financing. The money to pay those bills comes out of discretionary, which forces us to spend a little less on other things. Without a budget, I would have said "Hell no!" to both. My wife and I can confidently buy things that we really want or need without feeling like we're spending too much. Many people think of a budget and think that it will make them feel restricted. However, I find that it's the exact opposite. We stop and think about things before making purchases now, and decide whether it's really worth it. We eat out a whole lot less, because we were able to see how much that was setting us back. However, when we do decide to spend our money, we do it confidently and without any guilt. It really is great, and I don't ever plan on stopping. + +&#x200B; + +TLDR: Due to major life changes, my wife and I completely ran out of money. I started budgeting, and now we feel so much more free than before. +Mom has Alzheimer’s and around 590k - right now it’s in 60% bonds, 40% stocks with CIBC. I am concerned about losing it and need it because her care is $120k a year, her pension is 6k a month. The bank provided 3 options which I will cut/paste, followed by another option which makes me feel safer. Please help, I think I need to be a potato right now and hide it + +1 Stay invested: Things tend to come back quicker than expected, and time is your best friend with any investment. I’ve attached a couple of pdf’s to show current market volumes as well as historical recoveries. Investor sentiment could turn around very quickly if any of the caveats show signs of improvement. + +2 Portion out some assets to Guaranteed Investment Certificates, while letting the remaining assets work through the volatility. As mentioned, you could adjust as follows: $54,000 cash to cover 12 months of income that was coming from investment (split a portion into a cashable GIC for more interest until needed), $54,000 One year GIC and $54,000 Two year GIC. This would essentially only leave funds invested that would not be needed for the next three years, giving the remaining assets time to recover and likely benefit from a market recovery. + +3 GIC ladder for all assets: Moving all assets to GIC would remove any market volatility. That being said, you will likely not keep up with inflation on a net return basis. For the GIC portions greater than three years, we would suggest part of it going into Market Linked GIC’s that would potentially allow for an increased yield depending on market performance. With such a deep discount in the markets at this time, it is a good time to look at them as a solution. Essentially, you would stagger your maturity dates over a five year period. + +Or I suggested +$100k in a High interest savings +$81k in 2 GIC +$38k to savings account for payments to carehome for the rest of the year +Keep the rest in bonds/stocks and ride it out. + +We need to use $5400 a month from investment to pay for her care + +I am a newbie, I listen to George Nobel and his Twitter spaces people, and Suze Orman, both say shit is going to hit the fan big time + +Maybe all of it should go into HISA? + +Thanks for any advice +I’ve been investing with WealthSimple Trade for the past 2 years. Looking to potentially switch and looking at feedback from members here to the pros and cons of the trading platform they utilize and if they would recommend or what they would recommend. + +WealthSimple Trade + +Pros: Free trades. Widely available stocks and ETFs. Beginner friendly interface. + +Cons: No options available. Fees for trading US stocks and ETFs. Interface is buggy at times which shows wrong daily/weekly/monthly trends of portfolio. + +Would I recommend: For beginners who want to start investing with no fees for TSX stocks and ETFs simply, yes. For advanced traders or investors, no. +Is the theory that I should keep my broad based index fund in the TFSA since that will eventually gain no matter what and then save individual stocks for the non registered account? Or do I put the higher risk individual stocks in the TFSA since a potential gain outside of it would mean lots of taxes? (But also a loss would make it pointless) +Preferably ETF or something that can be held in a TFSA. how would you get exposure if your view was that rates would peak and/or fall in the next 4 months? +With the Ukraine-Russia conflict wheat prices are soaring as Ukraine is the 5th largest exporter of wheat and Russia is number 1. Wheat futures have spiked from this added insecurity and I have reason to believe the prices will go MUCH higher. I rarely buy calls but I will be buying a bunch of July calls of WEAT + +1) Supply shortages will cause instability to global food security since Ukraine isn't going to harvest this summer, and it was announced today that [Russia will halt exports on select commodities](https://www.wsj.com/articles/russia-set-to-ban-commodity-exports-following-western-sanctions-11646768260). I'm willing to bet wheat will be one of them. Wheat shortages were a key component responsible for the Arab spring. The top wheat importers get over half and sometimes almost all of their wheat from these two countries. Considering the severity of the western sanctions against Russia, it won't surprise me if they cease exports of one of the most vital commodities on earth to put pressure on the world. I can see Russia willingly starving the world of wheat to have leverage over other nations. + +2) The top 3 countries, Egypt (#1), Indonesia (#2), and Turkey (#3) all receive shipments via Black Sea supply chains, and given that Russia has sank a Ukrainian ship off the coast of Odessa, insuring these merchant ships is now much more costly, especially considering the rising tensions between Russia and Turkey who is the 'regional hegemon' of the black sea. + +3) There isn't enough time to plant more wheat for the summer harvest. Broadly speaking there's 2 kinds of wheat, winter and spring wheat. Winter wheat is planted in the fall and harvested in the summer. Spring wheat is planted in early spring, and harvested in late summer. There won't be enough winter wheat to meet demand and while farmers will divert resources to up wheat production when they plant their spring wheat, this wheat won't be harvested until late summer. This means the wheat shortage will likely have its biggest impact in the middle of summer when countries start exhausting their reserves. Lucky for us there's July 15 options. + +4) Other countries will try to compensate for the loss but given the reserves will likely be spread thin considering how many countries get their wheat from these two nations. More wheat than normal will likely be planted in spring to compensate but this means diverting agricultural resources from other things like corn and soy. + +These are my thoughts, I'd love to hear any counter arguments to this. +I have been noticing a strange attitude while reading comments on BABA that China is bad, everything will be nationalized, its not really BABA you are owning etc (I would say about half of the comments) compared to NIO, that it is god, must buy, keep forever, have my babies etc. + +My question: isnt NIO in the same boat as BABA, what is the difference there, could China just nationalize NIO as easily? Or am i missing something. +Trust me, I’m an Ethereum fan more than anyone. But what I hate is that people aren’t ready to hear hate about their favorite crypto. + +Even at a low of $5 right now. Ethereum’s fees are way too high than it should be - like Vitalik once said “the internet of money should not cost 5 cents a transaction.” + +$5 is 100x more than 5 cents. + +Hopefully L2 solutions are able to fix that problem or Ethereum 2.0 can by moving to PoS. + +Whichever way, if they manage to succeed with solving this problem. Ethereum will be the biggest thing since sliced bread. +Back when I wasn't investing in anything and had all my savings in cash, I would spend quite a bit of money just buying useless crap or grabbing that burger after work when I have food at home. It was because each of my random spending was a tiny fraction of my entire savings. But it would still add up to be quite a bit. + +But now that I have invested 80% of my savings into index funds, I am sitting with less money in my bank account. Not only am I more conscious of my spending because of this, but also now there's a clear opportunity cost behind every dollar I spend on useless crap. Before then, that dollar would have just sat in my bank account doing nothing and I could care less if it was gone because I had no immediate use for it. But now I do! + + +Hello, can I max out both my 403b and Roth IRA in the same year? +My accountant said no because I have maximized my contribution via my employer’s retirement plan. My employer also contributed $8500 to my 403b through matching. +I am under the income limit for Roth IRA so I thought I am allowed to contribute and also max out my Roth IRA? + +Update: +He responded and said he thought I was asking about buying traditional IRA for deduction. Thanks everyone! +I love my job right now, but I need to make more money. Between student loans, car payments, rent, etc. I can barely afford to eat some weeks. I haven't saved a dime in years. I started driving for Uber to make some additional income, but it just isn't cutting it. I have a strict budget that I stick to, but I'm still just scraping by. I know a lot of you are going to laugh at the sociology degree and respond with something like "what'd you expect," but I really need advice. What jobs should I be looking for with my experience? What can I do to cut costs more? + +Edit: Wow! A lot of really great responses on here. Thank you, everyone. A lot of what I'm seeing is people telling me to find a new job. I'm taking that to heart and I've started the job hunt. I'll keep you guys posted if I find something new. Thanks again! +GameStop’s price manipulation, bedside being blatantly obvious, has some other very noticeable behaviors if your missing the 5-10 point drops on the daily. + +1. GME has a rockstar team that took over management with a superstar track record. +2. All debt has been cleared. +3. 550 Million raised. +4. Online distribution business model revealed. +5. Brick and motor stores are cash flow positive. +6. 10’s of Millions of supporters both retail customers and retail investors world wide. +7. Galvanized diamond hand cult following. +8. Ryan Cohen. +9. Citadel 10 year criminal record. +10. Illegal naked shorting 140% short. 140%! + +Unless you’re completely delusional and a sociopath NOBODY IS SHORTING A COMPANY ON TRACK FOR COMPLETE INDUSTRY DISRUPTION! + +Please do your job before they(Ken) take down the entire market which at that point it is your fault. + +☠️ ☠️ ☠️ +EDIT: This post is stirring up some shit. People are reporting me for hate speech and trying to take this post down. Too bad Shills, the truth hurts and so will bankrupting your entire criminal organization. Welcome to a new era. +I have been out of work for nearly a month now and need to come up with at least £600.00 by the end of the month for rent/bills. + +I have applied for universal credit but I will not qualify for any money until late January. I have interviews lined up but I doubt I will get paid in time and dispite promises of temp work, nothing has materialised. + +I am really stuck for what to do as my credit is terrible and I don't have any family in a financial position to help. + +Is there any kind of scheme or such that might help? Any ideas at all. I will be willing to try any work at the moment. +Per my [original post](https://np.reddit.com/r/CryptoCurrency/comments/twrkua/i_analysed_a_major_metaverse_project_and_believe/) where I warned everyone about SOLICE. It is now at 40c which is more than 90% from its ATH and its less than a year old. + +This project has been one disaster after another. Constant delays, regular fails to deliver, blaming others for the causes, ignoring questions from investors, VCs dumping hard, the list goes on. Check the post above for the full details. + +**This post is more about echo-chambers.** + +DO YOUR OWN RESEARCH. + +That is the mantra. When something doesn't feel right, challenge it. If you get downvoted, suspended, banned whatever that is a massive red flag. As long as you are challenging respectfully and providing evidence for your concern, moderators have no right to remove you from the conversation. This is literally you doing your research. + +If you are prevented from doing your own research because the powers that be from the sub, discord, telegram, etc just keep pushing you out then you take the hint and get the f### out. + +Some of the worst examples here include Loopring and Safemoon (also down similar levels from ATH). Jump into their subs, their discord channels and their telegrams. Try challenging respectfully and see how long you last. If you think we're early in crypto, or its the wave of the future, head on over to the buttcoin sub and read the perspective of others. + +**The echochamber is one of the worst things about crypto. People get so excited to be involved "early" in a project, but this can lead to some massive emotional bias to overlook the more important fundamentals. By the time you realise the 'FUD' was truth, it's too late.** + +Don't believe anyone. Not even me. + +&#x200B; + +EDIT: To clarify, + +I have been banned from: + +* SOLICE discord (three different accounts) +* SOLICE telegram +* SOLANA discord (one account) +* LOOPRING subreddit + +I have been suspended from: + +* SOLANA subreddit +* CARDANO subreddit + +I have been reported and flagged by: + +* SOLICE twitter official +* SOLICE youtube +* LOOPRING twitter official + +&#x200B; + +&#x200B; + +EDIT2: **This post has proved my point yet again. Every single comment I've made on this post has been downvoted to hell.** Just scroll down and look. Granted its mostly by the insufferable LRC fanbois but its in pretty much every thread. We are in a f\*\*king echo chamber and you all need to open your eyes. + +&#x200B; + +&#x200B; +They are scared and probably feel threatened by crypto because they know their system is flawed and crypto removes those flaws. + +It's not hard to tell that crypto solves many problems by just looking at the fact that they dont want people to buy crypto. + +**Bitcoin** is the future. + +https://www.cnbc.com/2022/08/24/amazon-is-shutting-down-amazon-care-telehealth-service.html + +Amazon is shuttering its telehealth service, known as Amazon Care, according to an internal memo on Wednesday. + +Amazon Care launched in 2019 as a pilot program for employees in and around the company’s Seattle headquarters. + +It’s unclear how much traction Amazon Care had gained. +Hi all, + +&#x200B; + +I have a full-time job and run a consultancy on a side. I have opened a limited company not too long ago and have received a couple of payments from clients already. I'm aware that computer equipment accounts for business expenses. Long story short, I used my company's card and ordered a laptop online. + +&#x200B; + +I've now got confused whether I've done the right thing. I'll be using the laptop purely for my business; however, was I meant to just spend the money I've earned on the computer equipment from my company card directly? What would happen at the end of the tax year in a potential scenario; I receive 2k in earnings during the year, spend 1.9k on computer equipment and finish the year with 100 pounds in the company account. Is this the way do things and I'm just overthinking, or I've just massively messed up? +**EDIT I CASHED** +https://www.reddit.com/r/wallstreetbets/comments/dcck4s/i_flipped_a_coin_and_made_4k_stonkssimple_update/ + + +I had some inheritance and we are doing financially okay. I already have the r/personal finance emergency fund, diversified portfolio in 401k and Roth, a nice nest egg, and about 6k in debt to keep my credit in good standing. Fucking finance industry lends you less money if you don’t owe anyone anything... + + +Anyways since most people on here don’t understand the markets and how options work at all I’m just going to do what 95% of this sub does and buy uncovered options. No spreads, no pussy 10% gain plays. We’re going balls to the wall. And here’s how I’ll do it. I’m going to flip a coin in the morning. If heads I buy that day, if tails I wait. Then I’ll use a random number generator to determine what time to buy. I’m going to do spy only and day trade the fuck out of it. I’m talking dailies. Fuck weeklies. Let’s say I draw 930, if spy is up during 9:30 I buy calls. If down I buy puts. I probably won’t make any money and neither will any of you on this sub when you don’t understand how any of it works. I’m throwing away 7k for you (but mostly for me because I love gambling) I’ll post positions or ban. + +**UPDATE** + + https://old.reddit.com/r/wallstreetbets/comments/dcakie/update_coin_flip_was_heads_posted_my_last_trade/** + +Also, because I just believed what the college econ major bank tellers have told me regarding credit cards and loans, i have paid off the 6k loan this morning. As I said, I had an emergency fund and plenty of funds to cover. So Debt free. Thanks for not letting me be fully retarded in a sub full of retards. I will admit I didn't do enough research into their claims and how the credit worked and went off what they told me at the banks. +I have read a lot of the previous posts here about healthcare, but I'm not sure they exactly fit my situation. Throwaway account because I need to give some identifying details. + +* I'm in Chicago. + +* I have no friends, family, or coworkers connected to the medical industry at all. + +* 8 years ago I developed a painful condition that almost caused me to leave my career. I tried lots of doctors, but I think I may have been hampered by not having any idea what I was doing. I eventually gave up and figured out workarounds to live with my condition and work despite it. I could never get a doctor to actually give me a diagnosis, I kept having clean tests, which made me a difficult case and my doctors always seemed rushed. + +* Despite the pain I knocked my career out of the park and I'll hit my number easily in the next year, unless I get too sick/injured. + +* In the last few weeks I have developed a new, probably but not necessarily unrelated pain problem in a different area of my body. I have again gone for a few tests, all of which were clean. I'm getting flashbacks to my last experience, and I can't live with two problems like this. A lot of my life is already oriented around workarounds to my first problem. + +I'm wondering if I should try concierge medicine, especially since I felt like no one really had time to actually focus on my case. Spending the money is no problem. But concierge or not, in the other threads here the advice everyone keeps giving is to already have a doctor you trust to give you a recommendation in confidence, but I don't have one. + +Well, there must be at least one FatFIRE physician in Chicago in here right? That can refer me to a GP or concierge practice that is the real deal? Or at least tell me who to avoid? Maybe specific tips for when your problem is that you can't get a diagnosis? +Have about $3M in vested stock at previous fundraise that I was waiting for an IPO that was supposed to be sometime this year, but given the market that might or might not be happening. + +Was approached by a company called Linqto that offered to buy at a 20% discount to previous preferred price. Based on public comps I’m guessing that the real discount is probably closer to 30-40% if they were public now, but I was holding out hope that things would get better and that there could even be upside to the most recent preferred price, but that seems less and less likely. Thinking of selling some, but also feel reluctant to sell at lower than the last valuation. Slight complicating factor that long term cap gains doesn’t kick in until November, but I also don’t want to miss out on the chance to sell. + +Current net worth of $1.5M, but most of it is tied up in real estate. I guess the other thing in my mind is if I sold it all at discount that’s still $2.5M gross / $1.25M net, which effectively doubles my net worth, but at one point I was hoping it would be more than that. My mind says I should sell some or maybe all, but my heart says to hold to see if I can get that upside. Curious what you’d do? +Perhaps at some point we could start a new sub-reddit on tax implications. As much as I hate to pay taxes I also know that my chances of being audited are probably increasing and the penalties for getting my taxes wrong could erase all of my windfalls in crypto. Basically, I took $1,000 three years ago and bought Bitcoin. A little over two years ago I took 11 Bitcoin and bought 22,000 ETH. I have realized gains of $300,000 with my original $1,000 investment. + +Ultimately, I will have to become a pro-active tax payer staying up with all tax consequences if I am to be prudent to protect my family from bad decisions. + +Think I am just going to go ahead and send in $50,000 in September just to be safe. + +Any thoughts would be appreciated. We are the "CPA's" of crypto ....... saying "consult your tax advisor" ..... is inadequate .... anybody in here can help each of us as a responsible community to aid in the real nuts and bolts realities all of us are facing. + + + +How the hell is taxation handled in a split (thinking Bitcoin)? + +When you invest X in Y, and then Y turns into the same amount of Z and W. Capital gains on overall investment? Treated as income (based on mining approach?) + +/discuss. +For those who know the Computer Science rankings, CMU (Carnegie Mellon) is one of the top universities in the field of Computer Science, beating Harvard and many other Ivy Leagues. + +One of the CMU professors already predicted the "Flippening", a few years ago. + +Currently, the issue with ETH is that it takes time to understand how it works. Even smart people like Elon Musk, Chamath Palihapitiya, do not fully understand how it works (mainly because they didn't take the time to research it). + +Source: [https://medium.com/@socialmedia\_63108/professor-at-cmu-predicts-ethereum-will-overtake-bitcoin-as-the-number-one-cryptocurrency-b50a8ac7904d](https://medium.com/@socialmedia_63108/professor-at-cmu-predicts-ethereum-will-overtake-bitcoin-as-the-number-one-cryptocurrency-b50a8ac7904d) + +December 02, 2017 — Vipul Goyal, a professor at Carnegie Mellon University (CMU) who teaches graduate courses on blockchain and cryptocurrencies, predicts that Ethereum will overtake Bitcoin as the top cryptocurrency. In an interview with [howstuffworks](https://money.howstuffworks.com/beyond-bitcoin-next-big-cryptocurrency.htm), he added that the drastic increase in new ICOs will soon stabilize, resulting in only “a few dozen in circulation”. + +“My personal prediction is that Ethereum will end up becoming the biggest cryptocurrency,” Goyal said. + +Goyal said that Ethereum is more than a cryptocurrency, as it is primarily a platform enabling various applications to run on blockchain securely. This sets it apart from Bitcoin, whose only objective is to replace traditional currency. Ethereum’s blockchain infrastructure is therefore said to be more “powerful and versatile”, allowing for a wide array of use cases (apart from currency and payments) on its platform. +EDIT +Updated List [Here](https://www.reddit.com/r/ethtrader/comments/45shqc/boneheads_ethereum_news_to_come_updated/) + +------------------------------- +If we learned anything about Ethereum in the last month, it's that amazing news happens out of no where. That said, we also know about news on the horizon. Here's my updated list of expected news to come. As always, *what am I missing?* + +**News we know will happen** + + * Homestead release date (we are deemed stable, come the masses) + * New Ethereum Foundation website - [the preview here is jaw dropping](http://dipl.me:3000/) + * Augur release date (potential game changing dapp) + * Fenbushi statement on Ethereum startup invesments + * Devcon2 Asian location + * [VB’s other mystery China adventures]( https://www.reddit.com/r/ethereum/comments/43u1ha/clarification_on_entities_i_am_involved_in/) + * [Clearmatics news]( http://www.clearmatics.com/) (VB involved) + * [Ethcore's Parity release](https://ethcore.io/parity.html) + * Casper's new release date + * Consensys' [TransActive Grid](https://consensys.net/ventures/partnerships/) + * Consensys' [Icebox](https://github.com/ConsenSys/icebox) + * [Ujo Music official release](http://ujomusic.com/) + +**Other Dapps and/or ventures with momentum to keep an eye on** + + * Slock.it + * Consenys + * Digix.io + * Ethcore + * Maker + * Plutus + * FreeMyVunk + * Provenance + * Colony + +**Potential surprises that are not really surprises** + + * OKcoin inclusion (largest exchange in China, insane history with price boosts) + * Gemini inclusion (New York baby!) + * News from any of the 100+ Dapps/Ventures we know (and don’t know) that are under development. For example, we didn’t see Plutus or Provenance coming until there was news about it. + +Others? +I might get downvoted by angry people who just got in recently. + +But as someone who’s been hodling since 2017 I am very excited for this dip. When it dipped from $1,300 all the way down to $90 in 2018 and then the price was that for a few years, that was one of the best times ever because I was able to snap up so much more Ethereum. + +I guess what I’m saying is some people are sad right now but I’m honestly overjoyed. If the price tanks down to below $100.00 again I’ll grab so much more ETH it’ll be ridiculous + +Here’s hoping the crash continues! + +If you’re bullish long term this crash should excite you not make you upset!! +TL:DR 💎🙌 = 🦍🚀but read anyways. + +My monkey brain has been reading wsb far to long and I decided to put together a quick list of reasons why I think the squeeze will happen (or not, fuck you I lick doors), I sourced everything so that if you learn to read in the next little while you can give it a shot with those. This is not financial advice, I am not a financial advisor. + +A) GME has been on the NYSE Threshold Securities List for over 35 days. The streak of FTD (Failure to deliver) of shares continues. Where are the shares? + +* [https://www.reddit.com/r/wallstreetbets/comments/la8ox3/at\_these\_levels\_its\_not\_about\_the\_price\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/la8ox3/at_these_levels_its_not_about_the_price_of_the/) via /u/peteskies +* [https://www.reddit.com/r/wallstreetbets/comments/lac6gk/sec\_data\_out\_they\_dont\_have\_shares\_to\_settle\_so/](https://www.reddit.com/r/wallstreetbets/comments/lac6gk/sec_data_out_they_dont_have_shares_to_settle_so/) via /u/tendy_capital + +B) The last 3 trading days have had abnormally low volume. It's not coincidental that when the sentiment for $GME is at its all time high and price mooning, trading is/was being suppressed. Last week was an obvious attack on retail investors ability to purchase shares and gatekeeping from upward momentum. An obvious tell that they would and did incur massive losses. + +* Sentiment: [https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment](https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment) +* [https://www.reddit.com/r/wallstreetbets/comments/laa0q9/this\_is\_what\_holding\_the\_line\_looks\_like\_look\_at/](https://www.reddit.com/r/wallstreetbets/comments/laa0q9/this_is_what_holding_the_line_looks_like_look_at/) via /u/burninmedia + +C) Since then we've seen Short Ladder attacks everyday to force stop losses and paper hands in order to cover as much as they can. We saw on full display the perversion of MM's/HF's trying to fuck the average joe for their negligent behavior. We've recovered every time. This is an orchestrated attack. This could of ended long ago if they just covered. + +* [https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont\_panic\_and\_just\_look\_at\_the\_fucking\_volume/](https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont_panic_and_just_look_at_the_fucking_volume/) /u/helmu + +D) Brokers no longer have shares to borrow for short sale. + +* [https://twitter.com/AlphaRRCapital1/status/1356277059945955330/photo/1](https://twitter.com/AlphaRRCapital1/status/1356277059945955330/photo/1) + +E) Speculation that the shorts have been trading counterfeit shares, this isn't a unique situation and I wouldn't be surprised is this is happening. They could be trying to cover their tracks of this as well as prevent catastrophic losses. + +* [https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) /u/johnnydaggers +* further reading: [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) + +F) The losses incurred should strengthen your convictions about the thesis of $GME. Melvin needed to be bailed out, RH CEO lied publicly about liquidity and required a bailout today. I'm sure more will also be taking further losses in the days/weeks ahead. HOLD STRONG, they are trying to bait you through volatility, disinformation and attrition/fatigue. We are gamers HOLD STRONG, consider this a time-gated mission before getting your legendary weapon. + +G) The aggressive and blatant ramp-up of disinformation through media is immensely revealing. The billionaires are scared and getting their stooges to throw all the FUD at the wall to see what sticks, to ensure we don't hit the "grand slam" as Cramer put it. They are shilling silver (perfectr example), stating arrogantly that reddit is in on silver while out of GameStop ,or both (the swaggystocks sentiment tracker shows the complete opposite) and finally of course saying last week that the shorts are covering. Today's media was down right egregiously incorrect. + +* [https://i.redd.it/hqyf4qyxhwe61.jpg](https://i.redd.it/hqyf4qyxhwe61.jpg) /u/giov1234 +* [https://i.redd.it/fj495vh52we61.jpg](https://i.redd.it/fj495vh52we61.jpg) /u/spylord5 +* [https://i.redd.it/wuapmjpvcve61.png](https://i.redd.it/wuapmjpvcve61.png) /u/ItsLotsofLead + +H) A large amount of January 29, 2020 calls (strike 115-325) finished itm. These shares will require fulfillment by tomorrow. This is a huge amount of obligated buying pressure. + +I) Bloomberg terminal still showing over 120% SI. However there will be a clearer update of the short interest in the coming few days. I want to say the date is Feb. 9, 2020. IMO shorts have not covered. + +* [https://www.reddit.com/r/wallstreetbets/comments/laadzm/heres\_the\_full\_image\_from\_bloomberg\_terminal/](https://www.reddit.com/r/wallstreetbets/comments/laadzm/heres_the_full_image_from_bloomberg_terminal/) via /u/aBetterNation + +J) FINALLY, THERE IS ONLY ONE GME. NOTHING ELSE REPLICATES THE CONDITIONS. I LIKE THE STOCK AND RYAN COHEN. FUNDAMENTALLY I BELIEVE GME WILL REPLICATE CHEWY. ALWAYS HAVE A TARGET BUT I'M HOLDING. THIS IS A WAR, WE CAN REMAIN RETARDED THAN THEY CAN REMAIN SOLVENT BUT THAT STILL MEANS IT TAKES TIME. DONT BE PAPER HANDED AND STAY RESOLUTE. + +I believe that these 10 factors are converging and I'm holding. + +TL:DR 💎🙌 = 🦍🚀 + +Disclosure: Been in since $<20 and have 2023 LEAPS. + +If anything information is inaccurate and you have supporting information, I will update and add edits accordingly. +Ok, full speculation cause it’s Sunday and I’m making carne asada drinkin beers. Hear me out real quick… + +So if the news is spocking Credit Sus as going boom boom, and may be a distraction, then who in the fuck is the guy behind the curtain that’s about to die? + +CRedit Suisse manages nearly 756bn in assets… who the hell is in more trouble that they be distracting everyone from? I mean Credit Suisse is one of the biggest banks in the world. + +But I don’t know shit about fuck so… anyone? + +Edit: Changed CS to Credit Suisse +I've always used the 123 account for my bills, pay in enough to cover them and I always get £20-30/month back (I also have my mortgage with them which gives me a % back too) and it more than makes up for the monthly fee and works out at about 2% interest equivalent. + +With the cost of bills going up, this works out at £12 a month off my utilities, which is more help than I'm getting from the suppliers or the government. +Edit: sorry, I probably wrote this up wrong - they didn’t lodge fringe benefit taxes correctly and now we all owe because I presume it pushes us over the HELP repayment threshold + + +I’m going to talk to my accountant today but in the meantime… + +Everyone at my work has just been notified that we have all been incorrectly taxed for the last two years if we have a HECS/HELP debt. This probably means we owe thousands. + +The employees haven’t done anything wrong, and a few of us (myself included) queried it upon starting - I even asked them to deduct extra because I was worried this would happen. They seem to be blaming their accountants. + +Has this happened to anyone? Is there anything we can do beyond just hope for a payment plan? +Edit: sorry, I probably wrote this up wrong - they didn’t lodge fringe benefit taxes correctly and now we all owe because I presume it pushes us over the HELP repayment threshold + + +I’m going to talk to my accountant today but in the meantime… + +Everyone at my work has just been notified that we have all been incorrectly taxed for the last two years if we have a HECS/HELP debt. This probably means we owe thousands. + +The employees haven’t done anything wrong, and a few of us (myself included) queried it upon starting - I even asked them to deduct extra because I was worried this would happen. They seem to be blaming their accountants. + +Has this happened to anyone? Is there anything we can do beyond just hope for a payment plan? +I posted about the beginning of my financial journey here before: [https://www.reddit.com/r/povertyfinance/comments/k9ivla/this\_time\_last\_year\_is\_when\_i\_turned\_my\_life/](https://www.reddit.com/r/povertyfinance/comments/k9ivla/this_time_last_year_is_when_i_turned_my_life/) + +It has been a massive uphill climb to get to where I am now. For most of 2020, it was generally easy to save money - the pandemic forced me to stay indoors and not spend any money on things. But this year, after getting vaccinated and seeing the world open up, the lifestyle creep hit me way harder than I expected to. + +I ended up running up a credit card debt again, and had to go back to the basics: keeping a strict budget, start buying off brand items again, using the envelope method of spending. I had to keep reminding myself that I needed to spend more wisely so that I can aim to start the generational wealth for my future children / grandchildren. + +The job I held through 2020 and most of 2021 was one of the most challenging jobs I've ever had in my life, and brought about a confidence in me that I never expected to have. When I was presented with a new opportunity at a new company, rather than decline for fear of failure, I accepted - and with that, accepted a salary that was 30% more than what I was making previously. I am now only the second person ever in my family to make a six figure salary. + +I'm sending all the good vibes to everyone reading right now - I'm sure things feel difficult right now. I know, because I've been there - having to ask my mom to borrow $600 so that I stopped getting daily overdraft fees on my bank account was one of the lowest moments of my adult career. But stay determined and positive - you CAN do this, and the promise of a brighter future is on the horizon!!! +I posted a couple of weeks ago about my [business bank account being locked due to a fraud investigation.](https://www.reddit.com/r/UKPersonalFinance/comments/reknfa/banking_advice_sought_sole_trader_account_locked/) + +After I posted, I followed the advice given in some of the replies and visited the branch, some way away. I was there for two hours; contrary to what they'd told me on the phone, they weren't willing to give me any access to any of the money in my account. (I suspected this all along, which is why I wasn't originally rushing to visit.) + +However I did take the opportunity to give a full verbal statement explaining what I thought had happened. They typed this up and emailed it to the fraud department. The only benefit of being there in person was that they could verify I was who I said I was. + +As I had suspected, the fraud investigation was triggered because of an unusual transaction (high four figures, normally I invoice max £2k at once). I only learned this by tracking down a customer of a customer through a clue in the transaction reference. + +The chap who made the transfer is an elderly gentleman who a few years ago made a legitimate direct payment to me to settle an invoice. He had been targeted this year by fraudsters who told him his account was compromised and that he needed to transfer his balance to a "safe" account - the usual scam. As luck would have it, in his confusion, he accidentally transferred it to MY bank account. + +His family then contacted his bank, who flagged the transaction with my bank. My bank then locked my account. It's important to clarify here that this was entirely outside of my knowledge and control - he could just as easily have transferred the money to anybody else's account, triggering their business banking to be shut down instead. + +Earlier on the day I visited the bank, I spoke to his son who confirmed the above information and said they had spoken to their bank to clarify this exact situation. I then passed all this on to my bank, with various bits of documentation. To date, they still haven't unlocked my account. + +A rough timeline: + +* November 2021: I don't access my bank account as I have changed phones and can't generate a new code +* 10 November: unusual transaction is paid into my account, not spotted by me as I am not logging in +* Late November: I try to login with valid code and can't; initially put it down to user error +* 10 Dec: I ring bank and am told my account has been locked for a fraud investigation. At this point I find the unusual transaction on my written statement. Bank tells me I would have been notified in writing and by phone of the account being locked, and then says I wasn't +* 11 Dec: bank posts me a letter telling me they need to speak to me urgently and I should call them +* 13 Dec: I speak to family of gentleman who made transfer, clarify situation. Visit branch and tell them what I think has happened, they type up statement and send to fraud department +* 17 Dec: I receive the letter from the bank from 6 days earlier telling me to call them. I speak to them and they tell me that they now have all the information they need, and I just need to sit tight +* Today (23 Dec) I still don't have any access to my bank account + +Some points here: + +* the unusual transaction was on 10th November. It would have been flagged then or shortly afterwards by the elderly guy's family. My bank didn't make any attempt to contact me until *11th December*, which was *after* I'd already contacted them. +* my account was locked at some point presumably mid-November. I gave the bank all the information they needed on 13th December. As of 23rd December I still have no access to my business bank account. This means my account has been out of action for around six weeks, and I have no visibility of when I will have access to it. + +Fortunately I was able to open a business bank account at short notice with another provider, using my own cash, and my main client was understanding enough to pay some invoices next day to give me enough money to continue basic trading. + +There are two lessons I've learned from this: + +1. Banks don't give a shit about you. On my original post, people said to me "Ah yes, but they were protecting *your* money, you should be grateful they shut down your account." Nope - they were protecting THEIR money, not mine. My money was never at risk, as it wasn't me who was defrauded, and I knew this full well from the start. However, as a result of them freezing my account for a long period, my business could very easily have been at risk. +2. If you have a business bank account, for goodness' sake make sure you have a secondary business account with a completely different provider, with enough cash in it to keep you running for a month or more if you fall foul of the same set of circumstances that I have. + +Suffice it to say that as soon as I regain access to my account, I will be moving my business banking elsewhere. +Good Morning Superstonk + +Another day another pickle related crayon session + +We are kind of in a lull right now the TA for this week is still in bullish trend. As far as other catalysts not a lot I can think of in the near term. I heard -005 goes in to effect today but am having some difficulty find a source that is reliable. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/o96vcy/jerkin_it_with_gherkinit_forward_looking/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +That was an odd day with sort of an interesting end. I'm gonna be keeping an eye on after market i think we maybe entering our uptrend on the Cup & handle. Thank you all so much for tuning in I will see you bright and early tomorrow morning! + +\- gherkinit + +edit 9 3:08 + +🚀🚀🚀🚀? + +Edit 8 3:07 + +very odd + +https://preview.redd.it/wp1p2ywrbg871.png?width=1537&format=png&auto=webp&s=5450a7727fee8e9871387ec39134f08c05760462 + +Edit 7 3:03 + +These liquidity test would be to see how much a given amount of capital moves the price but these are usually done in a simulation. This is odd to say the least + +https://preview.redd.it/pm4q5xgcbg871.png?width=1616&format=png&auto=webp&s=1dc15245aef47333020a208bfb8537dce9f31f52 + +Edit 6 1:58 + +Another one...? + +https://preview.redd.it/7zmlqawizf871.png?width=1610&format=png&auto=webp&s=b27ff1e532436ccc0c2ac5dc5448d961dc524023 + +Edit 5 1:46 + +And just like all consolidation on GME a nice break to the upside + +https://preview.redd.it/7za3zgfcxf871.png?width=1611&format=png&auto=webp&s=759974f3c4549ed318cd4565f963c4f3d7d4e869 + +Edit 4 11:46 + +Someone is doing a short thing bear spread @ 250 strike + +https://preview.redd.it/wtaqb001cf871.png?width=1599&format=png&auto=webp&s=77517ecc3e622d56480b486b7cbc632b424d7fd8 + +Edit 3 11:20 + +Baby bulltrap possibly a liquidity test for a bigger move...hard to say as only a much larger following move could confirm it + +https://preview.redd.it/imp9874e7f871.png?width=1306&format=png&auto=webp&s=57885e8c031f1d5a251c9dd3c659122bf8f22036 + +Edit 2 11:00 + +Bounce on VWAP possible wedge on the intraday these are usually a bit unreliable as this one has very little supporting volume. Additionally vole is still <650k so probably not enough top move through resistance unless something comes in. + +https://preview.redd.it/yxgz6bsb3f871.png?width=1619&format=png&auto=webp&s=c6ae695bc18090a6a38f25b365895c6961f7f833 + +Edit 1 10:00 + +Down and then back up to resistance at 210 looks like a dull day based on volume so far although we inverted the SPY run up at open so that probably means some of those 300k shorts got dumped + +https://preview.redd.it/a7500yiuse871.png?width=1374&format=png&auto=webp&s=f38b158793fd02e142966ad3ada5a785f9d48553 + +# Pre-Market + +Pre-Market is pretty flat since close, 12k volume right now with 300k shares available to borrow. OI on calls is picking up a bit as we get closer to Friday and IV dips. Max pain this week is 212.50. + +https://preview.redd.it/iws849wkee871.png?width=1453&format=png&auto=webp&s=0dbc46f71f2fe1c3249a90cc15d37e520fdd288a + +The SPY is still struggling to cross back into it's long term trend. + +[Spy 1D timescale](https://preview.redd.it/7l150t19fe871.png?width=1407&format=png&auto=webp&s=454a951b70acc4916d47bb7491c4003be53e336b) + +Lastly still looking good on that cup & handle actually looks like we may see a small bit of upside today + +[GME Cup and Handle 1D timescale](https://preview.redd.it/wgk4krxlfe871.png?width=2406&format=png&auto=webp&s=1f23dba8513a7b71986e0f3b8a3f70302111e43a) + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I'm 26 and I've been working at my job for about 5 years now. Currently, I have about 58 bucks in my checking account, which is all the money I have to my name. I have rent, bills, car payment etc. which I always pay 100% on time and am never late, thankfully. However, I have zero money saved. I'm already a bit of a hermit but I suppose I tend to splurge on things I really don't need. (got a mint account and saw I spent $375 dollars on fast food last month alone) + +Realistically, after rent, car and bills I should have an additional $800 left over for the month for food/gas but I am always right at zero dollars whenever payday rolls around. I want to get started on a budget but I really have no idea where to start. I've actually never gone grocery shopping before either. I feel like it's partly how I was raised, parents never really had money, and didn't care about the money they did have. + +Where do I start? + + +Edit: I'll edit here so everyone can see - I will end up making right at $1400/mo. Car 150, bills 190, rent 260. That leaves me with the bulk of about $800 left. The entirety of what I have left goes to gas/food. I don't buy myself things that often - a new video game every month maybe. I also stay at home 6-7 nights out of the week usually. I know I should be WAY ahead of where I'm at but I just don't know how to start - it's basically a full lifestyle change. + +Edit #2: Thanks for all the helpful advice so far ya'lls. I can understand some of your frustration, it's not easy to deal with someone who seems like they don't want to help themselves but that is honestly the furthest thing from the truth though so again I appreciate all of your input and I will continue to read through these and take all of the advice you give to heart. +Just introducing myself to the stock market, opened a TFSA with my savings in it. My goal is to let my money make money for me long term (I’m 22). I’m interested in ETF’s because of the set it and forget it style. I’ve got a substantial amount in savings that I’m willing to invest, I’ve been reading that people suggest ~75-90% in an ETF and use the rest to play? + +Over and over I see people suggesting XEQT and VEQT as solid ETF choices. Why would these be preferred over VCN or VFV, for example? The yield is lower on XEQT and VEQT, and the fees are higher. Any help is appreciated. + +What would you guys do in my situation? Point me in the right direction to get started on my journey! +Simple question I think. Looking for personal experiences, not a formula. + +Personally, I'm as convicted as ever about my 'core industries': + +- Oil + +- Real Estate + +- Tech + +These have always been my core convictions and still form the bulk of my portfolio. I've noticed I've been growing more concerned about concentration and the huge dollar-value changes even a 3% shift can make (that change used to be a McDonald's meal and is now several fancy meals) and, to buffer somewhat, I've started to invest amounts into other industries: + +- Renewables + +- Banks + +- Fintech + +- Broad market ETFs (eg XUU) + +Am I doing things wrong? Not sure tbh. It's somewhat crazy (for me personally) to imagine that I may end up with >$100,000 in a single holding (obviously I would have more than a single holding...) + +How is everyone elses headspace/strategy doing? +Who still holds energy stocks in their portfolio? Is there any reason owning them since they always seem to lag the market... Will the elections change anything? I don't want to sell for a loss across the board but sooner or later the declines keep pilling up. +Who still holds energy stocks in their portfolio? Is there any reason owning them since they always seem to lag the market... Will the elections change anything? I don't want to sell for a loss across the board but sooner or later the declines keep pilling up. +Hi guys, I'm not too educated when it comes to bonds. I was wondering what happens to Bond ETFs like ZAG and VAB when the interest rate is expected to drop to below 1%. + +Thanks ! +We have some of the highest grade/volume deposits in the world. Demand for lithium is exploding. With Nemaska's two recent financing announcements and articles like the one below - the Canadian lithium industry could deliver serious returns this year. I see a lot of people bullish on metals but not much lithium talk... +Full disclosure: I have a small position in NMX. + +http://www.baystreet.ca/stockstowatch/3478/The-20-Billion-Lithium-Story-No-One-Knows-About +It's been a heck of a December and as someone in their first couple years of investing, it's big ol pill to swallow. + +I've got a fairly diverse, CCP-like group of holdings and I've been on the sidelines for a couple months. + +Average down on something like TD or BMO? + +They're too big to fail and 2025 me would probably appreciate having gotten in at a smokin price. + +Thoughts? +https://www.bloomberg.com/opinion/articles/2019-11-12/social-security-isn-t-doomed-for-younger-generations?utm_content=economics&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-economics + +This article popped up and changed my mind a bit on the topic of Social Security. A lot of people here account for zero dollars coming their way through Social Security on their retirement number, and I have been doing the same. + +I am not sure if this is enough for me to change my FI number, but I was curious what people's thoughts were. It is nice to see a more sober treatment of SS than the panicking on Social Security's solvency. +https://www.reuters.com/article/us-russia-moex-idUSKBN2EZ1XU + +I seriously think we’re undermining the repercussions of $MOEX and the heavy sanctions imposed on the market. When Russia’s stock market reopens I fear there will be a lot of liquidity and margin issues. + +“Foreign funds held 80.7% of shares freely floated on the stock market as of July 1, the Moscow Exchange’s head of primary markets, Natalia Loginova, told media during a webinar. That was up from 65.6% in 2020, but slightly below 83.3% in 2019. + +Loginova said investors from the United States and Canada accounted for 54% of the total, with 22% from the United Kingdom and 21% from the rest of Europe.” + +All the countries sanctioning Russia are major stakeholders in Russia’s market. + +What is the likely outcome of Russia’s soon to be market sell-off? +Fellow retarded guys and gals, I am CONVINCED GME will hit higher highs and the circuit breaker will keep halting the stock’s upward movement next week (this is a good thing people, calm the FUCK down when it happens). I am seriously considering throwing my ROTH into this. We’re talking a LOT of money. I’m not a whale, god no, but I want to yeet this cash and see if it can double or triple in the next week. + +What GME shorters and my actual retard brother and everyone else is failing to understand is, we certified smooth brains on this sub can see GameStop’s FUTURE potential. We already knew GameStop was a “dying company” but fuck, we held the goddamn line and now some of you can afford a full meal at Wendy’s, and not just some fries. GameStop is due for a massive transformation, and we see it. Boomers clearly don’t, the Gay Lemon did not, but we hold and buy SHARES because we understand that this isn’t a bet on the past but faith in the future of the company. + +I have been in this army since the price hit $36.00. Now it’s at $65 or some shit like that, and I KNOW it my heart it has room to 🚀🚀🚀🚀🚀🚀🚀 to atleast $100 next week. Shit, I feel in my jellies it’ll hit $120-$130 by EOW next week. + +So 💎🤚 bulls, is it time to YEET the Roth IRA all into GME, and if so, when should I buy in to help the cause? I need to see who else is standing and holding, I wanna see REAL AUTISTS rise up and tell me to hold. I believe in it, but do YOU? + +Cheers, and good luck fuckers. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +TLDR - Should I gamble entire Roth IRA for delicious tendies next week? Also, SCREECH RETARDS I wanna hear that you’re still BALLS DEEP in this bad bitch. +https://www.bloomberg.com/news/articles/2020-08-26/fed-seen-holding-rates-at-zero-for-five-years-plus-in-new-policy + +> The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy. +> +> The new approach, which could be unveiled as soon as next month, is likely to result in policy makers taking a more relaxed view toward inflation, even to the point of welcoming a modest, temporary rise above their 2% target to make up for past shortfalls. +> +The iEx.ec ICO's minimum cap has been reached. + +Contract Overview | iEx.ec-Crowdsale +ETH Balance: 115,758.557574687285618126 Ether +ETH USD Value: $5,789,085.46 (@ $50.01/ETH) + +https://etherscan.io/address/0xec33fb8d7c781f6feaf2dd46d521d4f292320200 +TL;DR thanks to the awesome community that put up with my feverish shit comment the other night and gave me advice. This is a great community and I'm glad to be part of it :) + +So first of all I would like to apologize to anyone who was upset (for whatever reason) over my very off topic comment the other night. I will admit that in hindsight there were certainly better places I could have asked about having too high of a fever. However, this sub is one I feel at home at and I knew that my half gibberish comment would be interpreted by someone knowledgeable that was lurking and I would have a response in minutes. I was also very very feverish and could hardly type full sentences and there was no way I could have managed to read through enough stuff on google to know what to do. I knew I'd get a straight forward answer here and that's exactly what I got. + +I want to thank /u/byron111, /u/hodlor, and /u/jtnichol for caring and giving me advice. I especially want to thank /u/jtnichol for following up with me so much and showing such legitimate concern. It really helped me feel like a real part of this community. As far as my fever and sickness I was able to get a friend to come over and help me to get proper Tylenol and monitor my fever (checking temp every 30mins to 1 hour). Not too long after my post it dropped back to 102.5 and with constant hydrating and Tylenol we got it in the low 101's and decided I could wait til morning to see a doctor (ER visits are too damn expensive). I slept most of the day Monday, and ended up not going in to the doctor at all, but I have had a very low grade fever all day today and have still been quite achy and weak feeling. If it persists through tomorrow I will definitely be going in to the doctor. + +Thankfully I asked on here when I did because I was drifting in and out of concessions and wouldn't have texted my friend if I hadn't gotten /u/byron111's message when I did. If I had just passed out without asking anyone for help or getting medication to help with the fever it probably would have kept rising and there's no telling what would have happened. Thank you everyone in here for being such a great community! I can't wait to be back at 100% so I can be involved in the daily conversations and such again! +An object in motion tends to stay in motion. Ethereum is moving. An Object at rest tends to stay at rest. Bitcoin is stuck. + +Ethereum is being challenged by adversarial forces. This is uncomfortable in the moment but keeps everyone in the Ethereum sphere on their toes, and thinking, planning, plotting, and performing. + +Fat cats stay fat and lazy. It is the hungry who work harder. Ethereum is the underdog with something to prove. Bitcoiners like Peter Todd and Turd Mister spread daily FUD. This is an enviable position for Ethereum to be in. We have something to fight for, not just all the amazing functions that a realized Ethereum could perform, but also to prove it can be done. + +Bitcoin ignores a daily civil war. Ethereum fights the powers that be, like Bitcoin and the wider world (while also collaborating with those same forces). + +Ethereum has a chip on its shoulder and is ready to give 100%. Bitcoin is king and has been assured it will always be king, so why wouldn't this be so: yes there is time to take a nap, and yes ignore that squabbling of the peasants, and yes some more cake pronto. + +I read through /r/Bitcoin. Those people have so many misconceptions about Ethereum I didn't even bother inserting a thought. Where to start really? Let Bitcoiners do their own thing. We will capture more mindshare of the future dreamers. + +I've seen some here complain that Ethereum does not do enough to promote itself. Christ, with almost a billion on the line while working with bleeding edge tech don't you think the stakes are high enough already? The price will grow (hopefully) if the tech improves and more certainty is baked into what Ethereum can accomplish via milestones, and as many have pointed out, functioning dapps. + +The Fudding is in full force. I have faith in Ethereum. But I've started checking in on Ethereum social media a lot less frequently bc this shit takes time. + +Ethereum makes mistakes but at this point the DEV teams are well oiled machines. The infrastructure is growing and impressive, and so I believe the future is...well I also don't want to jinx it lol... +When Vlad was telling people on Twitter "no moon" and then simultaneously talking about how great ERC20 tokens (as opposed to ETH itself) would be as cryptocurrencies - it got me scratching my head... + +I've heard repeatedly that under PoS the ETH token **price matters**. Indeed, that network security would depend on a *substantially* high price to mitigate the cost of attacks... However, I have just been informed - **that idea is nothing more than a common misconception**. + +I'm not an active trader - but I am invested in ETH and have basically devoted myself full time to learning about it, writing about it, and programming with it. Even still, it seems I was misguided in my understanding of PoS and value requirements if the network is to be "successful". + + +What do you all make of this: + +https://twitter.com/CallMeGwei/status/954971441203728384 + + + +How exactly could a less valuable network secure all these expensive assets on chain? Can someone ELI5 how that works exactly? Does this change your expectations for the price of ETH or the share of value it is often assumed that it will inherit from the valuable assets atop the platform? + + I am reading here that without being whitelisted on the CFI list or on Santiment's contract no one can participate in the upcoming ICO. I admit i did not do my homework in time. Is this contract available that let you buy tokens from it? (paging u/cintix) In anycase if anyone is interested in trading with me for a decent profit **soon** dm me. + +Rocket Pool just finished their ICO and market cap for its token RPL is at a mere 30 mil $ and all tokens are in circulation. + +Casper is the topic of 2018, we have all gotten a taste of the fact that this is the year of ethereum, this is the coin that will 20x, proof of stake has become a rallying call for the mainstream. + +Rocket Pool is a complete product catering to the future of staking protocols, their product is genius and will allow all of us to stake, even if its only 0.1 eth. + +This project is currently valued at 30 mil, it doesn't take a lettuce to understand that this will be a billion dollar token. + +Rocketpool (RPL) was one of the first guests of the Evan van Ness podcast, they are hosted in the US by consensys and meeting vith vitalik and Karl, Karl by the way is the lead developer of casper and he he flew in just to meet with Daniel from rocketpool and vitalik to coordinate on casper and staking in general. + +This is my most bullish HODL together with Aion token and Eth. + +The moon is not far enough for rocketpool, we going to f*cking Mars! + +eth would need to have 1.1t market cap, which is higher than bitcoin. Will this really happen anytime soon, if ever? will supply ever go down? I know around 200 ethereum are burned an hour but thats nothing really. I cant believe people on here really think ethereum can reach 50-100k. Anything above a 5 trillion market cap honestly seems impossible to me. What do you guys think? +I'd like to hear a variety of answers. When do you plan to cash out any ether, assuming you're not holding all of it forever? How much will you cash to Fiat and why? + +As for me, if and when my stack ever reaches 500k USD I will cash out ~50k to pay off some debt. If we moon so hard my wallet ever hits a million I will cash out half of it to purchase a 10 unit apartment complex and have it managed for 100% passive income. In my area the apartment gig would net me about 7k per month for life. I'll stake the rest of my ETH and go do some good in the world. +Eth looks like to slowly recover a bit, when do you think Eth realistically is going to reach ath again? +Last time we were at 500 usd levels it just took about 1 month to go to 1400 usd. +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! + +&#x200B; + +[Manually identified peaks](https://preview.redd.it/gj1cjbd68g571.png?width=674&format=png&auto=webp&s=49e9a8a7707b2581246af1da8daeb386f9c606f6) + +I couldn't think of a process to identify these peaks as this process seems a bit opinionated. + +If you look at the chart you can see: + +1. 1, 2, 6 are slow sudden spikes; and there is a spike between 4 and 5 +2. 3, 4 are progressive growth spikes +3. 5 is just a plain sudden massive spike + +The problem with identifying data from this historical time chart is that there seem to be no set rules. Like I can't establish a clear rule for this. + +If a stock is progressively going up and up I can't create a percentage metric to compare the current price (as in current in historical price) to be compared to recent past price. Moreover, I am not even sure, what should be the extent of the recent price time period be. + +1. I tried to take compare weekly standard deviation and identifying the highest price date, but that isn't conclusive for progressive growth spikes because growth is happening across a longer than a week time frame. +2. Spike is something that is usually triggered by unusual growth and yet for some spikes they are subsequently corrected. +3. I have tried a bunch of solutions but most of the solutions are very very greedy and non-conclusive. + +I am using python with yfinance API. + +How should I go about solving this problem? Is there any model for this? +As the title says, I’m looking for broker recommendations for high frequency trading in Canada. + +I’m open to recommendations based on anything, whether it’s rates for live market data, commission fees, access to historical data for backtesting, or whatever else you feel makes the broker competitive. + +Looking to trade forex and stocks. +I’m doing a project where I’m going to use Data from the stock market on a specific symbol to try and predict short term stock movements. + +I want to basically look at only days where a stock went down they say a certain threshold, let’s say 5%. Then, after culling out all the data from examples where this doesn’t happen, I want to use a bunch of different features to train a machine learning algorithm to predict whether or not that stock will be up from that 5% amount it went down in say 10 days. And I want it to be a binary output (it predicts whether it’s over that threshold or not In 10 days from then). For example, if ABC was 100 a share and dropped 5% to 95, And this would be one training example and I want to evaluate whether or not it’s at 95.01 or higher in 10 days. + +I was thinking of using features such as the volume, The percentage VIX went up, the percentage SPY and QQQ went up that day, perhaps something like RSI, but I’m having some trouble thinking of which features are good or bad. + +My questions are two-fold: + +1. Is it okay to use a feature such as say “what percentage below the 52-week high it is”? For example, one training example might be: x1 = [-10, -2, 10000, .23, .5] where the 1st feature is the percentage below the 52-week high, 2nd is the They change percentage in the Vicks, the third is the volume of shares move that day, the fourth is the SPY they change in the fifth is the QQQ day change. For whatever reason it feels weird to put percentages like this as features. + +Would these features throw in any bias? I’ll filter out the ones that are too highly correlated with the stock of course. + +2. What are other good features for this? Any recommendations? + +3. Would using something such as the volume for that day be useful considering it’s just one volume and we are predicting the price 10 days later? Or Should I perhaps take a moving average of the last 50 days as this feature and then maybe have a binary input feature “above 50 day volume moving average or not”. + +All suggestions welcome. +Can anyone give me any rationale at all for why Fibonacci numbers should have anything at all to do with stock prices? + +Has anyone ever done any statistical testing of the predictions of this apparently irrelevant Numerology? +The flutter of a butterfly's wings causing a hurricane halfway around the world has always seemed extremely questionable to me. I kept thinking about it when trading, wishing that my trade would be the flutter that causes the hurricane. After years of crappy trading, I find that most of the time, I have bought / sold in the middle of the a range, and it's 50/50 which way a stock goes from that point on. In a time series of 5000 datapoints, the probability that I pick the bottom price to buy at, without lookahead bias, is well.... probably 1 in 5000. + +This made me think that out of all the butterflies in the world contributing irrelevant flutters of noise data, one butterfly will inevitably appear to contribute the toppling flutter that rolls into a hurricane. I now see the butterfly effect as a case of survivorship bias, and that no butterfly can actually cause a hurricane. + +With regards to algotrading, it made me realize I've been looking for a butterfly when I should have been looking for a hurricane. +Hi All, + +I've been working on my own algorithm for trading, and my results have been very encouraging so far... so much so that I think I am overlooking something. + +I've set up a baseline buy and hold algorithm as well as an optimized algorithm to invest an initial lumpsum of 10k, with $500 monthly additions. Both algorithms are designed to operate on a group of stocks. I noticed the buy and hold was ending with around 1000% profit - with my algorithm earning occasionally **twice** that! + +Then I realized something... I have been getting my testing list of stocks from Google recommendations, and as a result, I am only testing with companies that are currently doing well - which screws the test results horribly since poor future performers are not included by default. + +**Therefore, how do you all choose the list of stocks you test your strategies with?** We routinely use algorithms to determine when to buy and sell, but does anyone use an algorithm to add/remove companies from their portfolio dynamically in their strategy? + +Thanks! +As the title says, he got a very official letter from the North Carolina Department of Commerce denying his unemployment claim. He's been steadily employed by the same company for 7 years. What should our first steps be? Assuming his identity's been stolen and going nuclear with credit bureau freezes? Contacting the Department of Commerce to get more info into the claim? +Have you ever found yourself justifying a purchase because the value is too good to ignore? You should know – [it's a trap.](http://i.imgur.com/LaJ9Kmo.gif) + +I’ll give you an example of the value trap and how it negatively impacts your Whealth. You’ve probably heard of a company that offers subs that are 12 inches long and sold for $5. I remember a time where it finally hit me whilst in the midst of an argument with one of their sandwich “artisans”* that I was about to be caught in the value trap. + +I was doing some consultant work at a plant just outside of Tulsa Oklahoma. After a long day in the factory, I just wanted to head back to the hotel room and crash. There was no way I was going to go out for dinner so I just hit up the local sub shop on my way home. I checked out the menu and thought to myself “Ok John, portion control is the key, just get a 6 inch tuna sub and you’ll be fine.” When it was my turn to place my order, I had the following conversation: + +> *John:* “I’ll take a 6 inch Tuna on wheat with cheese, toasted.” +> +> *Artisan Sandwich maker:* “Oh, it’s a $5 foot long sub, so I’ll make it a 12 inch.” +> +> *John:* “How much is the 6in. compared to the 12in?” +> +> *ASM:* “The 6in. sub is $4.50.” +> +> *I had to pause here for a moment and think about it… the trap had been set.* +> +> *John:* “No thanks, I’ll just take the 6in. sub.” +> +> *ASM:* Looking at me incredulously “but the 12in. sub is only $.50 more…” +> +> *John:* “Yes I know, but I only want the 6in., I’m not going to eat the other 6 inches.” +> +> *ASM:* “But you can eat it later…” +> +> *John:* “I don’t want the extra calories and I don’t want to waste it.” +> +> *ASM:* Continues to give me a funny stare “Ok..” + +Now I know it was only 50 cents, but this sort of value grab happens all the time. Certainly there are times where this makes plenty of sense to do, where you could take it home and have it the next day but staying in the hotel, it really didn’t make sense to me. Despite my situation based on her reaction, it was clear that most people would grab the other 6 inches and let’s be honest here, they would probably just go ahead and eat the whole thing. What would you do? + +This is another double whammy negative impact on your Whealth. You’ve got the cost of the larger sandwich, the 500+ calories that pretty much no one in the modern world needs to consume, and you’re setting yourself up for failure. Just by having it front of you, you’re more likely to eat it all at once unless you’ve got some above average will power and will actually put it back in the fridge for another meal. + +The same thing happens in with “buy one get one half off” and similar deals. How often do you take advantage of one of these deals only to find that you never use the excess? It’s like we’re hardwired to get that value and marketers clearly are aware of this. It happens with + +* Fast food / soda sizes – just 50c more for another 16oz!! (of crap you don’t need in your body) + +* Any size coffee for 99c! (Do you really need the heart palpitations that come with a large, sugared up coffee?) + +* The grocery store and their 10 for $10 deals, which by the way, you only need to buy 1 to get the deal. + +* Insurance – for just $5 more a month, you can get another $50k of coverage! (that statistically you’ll never need or use) + +* Tools and other house stuff that come with “free” stuff (that your basement is now filled with and you’ve never actually used, am I right??) + +* Non cash-back rewards cards and store “bucks” that require you to spend more money to redeem. Kohl’s bucks is a great example where you get $10 for every $100 you spend in future store credit for a week or two; they incentivize you to buy crap you don’t need. + +It adds up. And it’s super prevalent in the food industry so it adds up if you do consume things that you really don’t need to both in dollars spent and inches on the waist. Avoid the value trap, it’s a one dimensional approach and it’s rarely worth it. The old adage of you don’t own your things, your things own you is in my experience, true. Your items cause you to feel and think about them and the fact that you never use them. They drive negative feelings that aren’t worth the trouble of having them. + +So keep an eye out for the value trap and do your best to avoid it. Remember that true value comes in the form of planned use. If you find yourself justifying how you might use something, you probably don’t need it and you shouldn’t buy it. In a month you’ll likely never have put a second thought into it and you’ll have kept your home, your belly, and your mind free of clutter. + +*Seriously, there should be a law preventing someone from calling a $7/hr high school sandwich maker an artisan. Who thought this was a good idea?! + + +[S&P Corelogic Case-Shiller Index Continued to Decline In October - Index Announcements | S&P Dow Jones Indices (spglobal.com)](https://www.spglobal.com/spdji/en/index-announcements/article/sp-corelogic-case-shiller-index-continued-to-decline-in-october/) + +The National Index declined for less than forecast and less than previous month. + +Part of my thesis for 2023 is that inflation will prove stickier than expected. Many expect tremendous relief due to "housings" total value in CPI, PCE. + +Variables: + +* The labor market continues. Has it slowed. Yes, but from a torrid pace. Surrounding data points (JOLTs, initial jobless claims, unemployment, jobs, wages) remain robust as measured against the most recent labor market cycles (2000s, 2010s). [The Employment Situation - November 2022 (bls.gov)](https://www.bls.gov/news.release/pdf/empsit.pdf) [Job Openings and Labor Turnover - October 2022 (bls.gov)](https://www.bls.gov/news.release/pdf/jolts.pdf) [News Release (dol.gov)](https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20222360.pdf) +* [The Fed - Excess Savings during the COVID-19 Pandemic (federalreserve.gov)](https://www.federalreserve.gov/econres/notes/feds-notes/excess-savings-during-the-covid-19-pandemic-20221021.html) Savings. While savings rate has gone low, it's still positive, and there remain excess savings from COVID (JPMorgan did a report that they expect that to run out in summer/fall of 2023) +* [National Mortgage Database (NMDB) Aggregate Data | Federal Housing Finance Agency (fhfa.gov)](https://www.fhfa.gov/DataTools/Downloads/Pages/National-Mortgage-Database-Aggregate-Data.aspx) According to FHFA 85% of homeowners with a mortgage have one at less than 3.5% interest. +* [Microsoft PowerPoint - ReportData\_template.pptx (newyorkfed.org)](https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q3) People make a lot of the nominal amounts of household debt. But they don't seem to look at the status of the debt and households economic status. High credit scores, higher limits on credit cards vs total credit card (i.e. plenty of available credit), total balances of delinquencies rates which remain as low as they've been since the 90s, HELOCs were taken very low so homeowners have lots of equity, transition to delinquency remains at low levels going back to the 90s, and all categories (like mortgage deliquencies) remain below pre COVID levels (except HELOCs). +* [Existing-Home Sales (nar.realtor)](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales) [United States - Existing Home Sales: Months Supply - 2022 Data 2023 Forecast 2013 Historical (tradingeconomics.com)](https://tradingeconomics.com/united-states/existing-home-sales-months-supply-fed-data.html) Traditionally, 6 months of existing home supply represented a balanced market. We can see the current supply remains far below that. + +Conclusion: + +My opinion is still the same. + +Inflation will prove stickier. Housing will remain high. People who build homes turned that off, existing home listings remain way down, the supply to the market is low. People do not have to sell their house because they are employed, gaining income, and have savings. Household debt is in fantastic shape and consumers can easily withstand increases in it. The labor market continues to favor employees to switch jobs, demand better wages. + +Therefor, the Fed will keep rates higher until it causes the labor market, consumer spending, housing, to turn appreciably negative (shallow recession). It won't cut the rate unless the recession turns ugly. The stock market will grind lower. + +Black Swan: + +China COVID. Who knows how the supply chain gets disrupted, the level of global infections could be higher than ever seen, it could spawn a new variant that is more deadly, more contagious, evades prior antibodies better. If that caused a pull back, leading to recession, inflation will come down, Fed could pivot. +In my trading career beyond having a strategy (actually multiple depending on market state and asset class) to base my trades on nothing has ever been as important as having a Trading plan. In this post I want to share with you my personal trading plan to help you create a set of rules that will help you stick to your plan and keep your emotions in check so that you can actually follow your trading strategy and become a consistently profitable trader. + +Something that was and still is key for me is the following realisation: + +Never get attached to your opinion or view of why something should happen. The market is in fact always right and based on nothing but irrationality since its made by humans so the movements of the market do not have to make sense and at more times than not will not make sense. + +Trading is simply a mind game. Markets are a result of mass psychology which leads to exploitable edges. Mastering your own psychology is key to keep following the strategy that defines your edge. + +So now without further ado my trading plan template that has helped me so much over the years and I hope will help you as well: + +**\*\*General Rules\*\*** + +1. Never enter a trade without a plan (TP,SL) +2. Once you are in a trade stick to the plan +3. Its ok to be wrong its not about being right its about making money +4. Be patient do not act on FOMO +5. Do not chase the market +6. Let your winners run and cut your losses short + +**\*\*The 5 fundamental truths\*\*** + +1. Anything can happen. +2. You don't need to know what is going to happen next in order to make money. +3. There is a random distribution between wins and losses for any given set of variables that define an edge. +4. An edge is nothing more than an indication of a higher probability of one thing happening over another. +5. Every moment in the market is unique. + +**\*\*Rules of consistency\*\*I AM A CONSISTENT WINNER BECAUSE:** + +1. I objectively identify my edges. +2. I have predefined risk of every trade. +3. I completely accept risk or I am willing to let go of the trade. +4. I act on my edges without reservation or hesitation. +5. I pay myself as the market makes money available to me. +6. I continually monitor my susceptibility for making errors. +7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them. + +**\*\*Risk and Money Management\*\*** + +Do not increase the standard trade size before you doubled the account. + +1. The maximum amount you are allowed to lose in a day is $XXX. + + 2. The maximum amount you are allowed to lose on any single trade is $XXX. + + 3. The maximum number of losing trades in a row you are allowed to have in a day before you stop trading is three.  + +4. The maximum number of losing trades you are allowed to have in a day before you stop trading is five. (You may have had a win or two between losses, but there is a time to stop trading.) The maximum number of losing trades in the same direction you are allowed to take in a day before you stop trading is two. + + 1. If you are up $XXX on a single trade, you will put a profit floor of $XXX underneath the current price to protect a portion of those profits.  + +2. If you are up $XXX on a single trade, you will take the money and close out the trade. + + 3. If you are up $XXX for the day, you will take the rest of the day off, stay away from the trading screens, and do something you enjoy doing—other than trading + +4. If you are up $XXX for the month, you will put a profit floor of $XXX underneath the month's profits to protect a portion of those profits. If you are up $XXX for the month, you will take the rest of the month off, stay away from the trading screens, and do something you enjoy doing—other than trading! Take a vacation, sleep late and read books, or do something else fun. + +I created this trading plan years ago and am only sharing it with the community now (never spent much time on social media). It is a mix of my own ideas, ideas from fellow traders and books I have read over the years. One book in particular that I highly recommend and that has hugely influenced my trading plan and journey as a trader is: Trading In The Zone from Mark Douglas. +Hi, First post on the subreddit + +What stocks are good for investing and dividends? +Solid company's for long term investing + +My current portfolio is: + +1 Microsoft +1 AMD +1 Navi +1 Discover +6 Sprint +1 ZNGA (Free Stock) + +I sold about 10 stocks from AMD a few months ago ($300 profit) + +I'm returning into investing, but I'm lost right now +Looking at the Gamestop chart. I see a potential move higher. the move higher may not be a "quick" one. It has retraced .75 from most recent high. There is a wedge that it is breaking out of. That is bullish. The moving averages have aligned. + + +One trade idea would be to sell puts at the 180 level to collect income or take assignment if it dips below. + + +Hope this helps. + + +&#x200B; + +https://preview.redd.it/d1krcd4zn0u71.png?width=1307&format=png&auto=webp&s=cbf7fcf7e70b86fa017fdd6630089861f7c90467 +250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character250 character + +&#x200B; + +https://preview.redd.it/pm24qvdv1np81.png?width=2258&format=png&auto=webp&s=c14a72142afa54aa6618f9853786794879e7b14a +I'm on hold with Fidelity now trying to DSR 8 more shares. The guy in the stock department tried to DSR my shares for me but said he ran into an error. He put me on hold for about 4 minutes them said he had to transfer me to the margin department because they are the one who handles DSR now. I made 100% sure I wasn't on margin. The guy confirmed I wasn't but this was a recent change on Fidelity's behalf. + +I'm now speaking to my 3rd representative because the 2nd one "had computer problems " . +Hello all, some background. We are looking into buying 5 to 6 doors to start our real estate investing dreams. We earn 190k a year through our jobs. Before this, we made 90k between both of us. We contributed the max to our 401k through the years and realized that 401k is not going to take us where we want to go. We began talking and thought about holding long term real estate investment. Our ultimate goal is over 20 doors in 15 years or so. We hope to able to semi-retire by 60. + +We have started late and thought this is doable with a bit of an aggressive approach. + +&#x200B; + +I am more of a risk-taker, and my wife is might as well be made of bonds. Her father recently told her that his dad owned a six-door, and he hated it, and this is a horrible idea. I disagree, and that is why I am on this forum. I feel if you made the purchase based on solid math and location to price, then the risk is low. She told me then why to do a lot of people fail at Real Estate. I believe that is more of a flipper issue and being too bullish in specific markets. What say you? Did you have similar hangups or has apartment investing been a sinkhole, or you made the best choice ever? +Hi all. + +Here are the numbers + +\- $400,000 purchase price for a triplex + +\- Cash needed for closing, $96,000 + +\- 20% down, 3.25% interest rate, 30 years. + +\- Monthly mortgage cost $1,393 + +\- Monthly insurance cost $72.5 + +\- Monthly tax cost $402 + +\- Monthly water/sewer/trash $275 + +\- TOTAL monthly cost $2143 + +\- Current rents are $1,165 for first unit, $950, for second, $950 for third. THESE RENTS ARE LOW AND WILL BE INCREASED TO A MINIMUM OF $1,300, $1,100, AND $1,100. + +\- With new rents, my rental income will be $3,500/month + +This deal started about a month ago. Our first offer was $380,000, they declined. Sellers agent said that they were firm on the $400,000, I said okay fine no big deal. After that was agreed upon, the agreement of sale was signed, inspectors were called out, and the sellers have received two cashiers checks from me totaling $10,000 (this goes towards my closing costs). After reading the inspectors report, there were a few things that I would need addressed right after taking ownership and those few things totaled out to be $7000. We then sent over a new agreement asking for a credit of $7,000 (Meaning my closing cost would go down $7,000, so that would mean a new cash needed to close total of $89,000) I assumed that since I didn't make a problem about their $400,000 firm price, they wouldn't make a problem out of repairs that needed attention immediately. I was kinda wrong. In order for them to sell the property they need to have a "sewer scope" done. They had it done and got a bill for about $6,700 (This needs to be done regardless of if I buy the property or not, but the sellers are looking at it as if they're doing me a favor). Now the sellers are saying because they are paying for the sewer repairs, they will not give me any sort of credit to me. This means I'll be paying $400,000 and I'll be stuck with an estimated $5000-$8000 estimated repair bill the day after closing. + +The reason I am frustrated is because I gave in to the sellers request of full price, gave them their cashiers checks, done everything in a timely manner (when they haven't), yet they are not willing to budge or meet in the middle with ANY of MY requests. + +I should also mention this will be my first property so my personal emotions are playing a role too. I definitely want this property, and even with the seller not giving into anything I requested, it still financially makes sense especially if I hold onto it longterm 10+ years. + +So, what should I do? Better yet, what would you do? Should I give in again, Should I let my pride win and walk away, Should I take this as a sign and continue to be patient for another deal? + +If it helps, the land is pretty big and the price for the area is good. It's not a steal but I am not overpaying for it either. + +THANK YOU IN ADVANCE! +I humbly ask for some opinions on this deal from you guys with the skilled eyes. This would be my very first investment (other than my own home) and I am pretty nervous. + +* Pre-sale of fourplex, construction finished by Aug2020 +* Purchase price of \~$700k +* Market rent per unit (3BR 2B) \~$1600/mo +* Development is 260 units in various duplex/fourplex combos with community pool, park, dog path, etc. +* Required to use their management co for the first 24months @5% collected rent + +This deal is a bit weird because it is a presale so I would be on the hook for the various stages of construction and accruing interest along the way. Duplexes in the area are very rare, older, and none are in a community type development so a direct comp is difficult. The builder seems reputable with several successful projects. I was able to go to another one of their projects (an hour drive away) and walk through the exact floorplan and see that their units were leased up. Phase 1 of this current project was 1 month behind schedule due to permitting issues so it hasn't been dragging out. The unit is impressive in all respects except for the kitchen. The kitchen seems too cramped for a family IMHO. It's difficult for me to tell if a renter would care as much as I do. + +I am attaching an analysis provided by the BUILDER. I have done my own with a little more conservative perspective but the math still seems to work. Am i missing something? Many thanks in advance! + +[Full Analysis from Builder](https://imgur.com/gallery/iQFlEVq) +I hear that profit margins are higher but also more risky due to potential vacancy. Can someone recommend a good book that can educate me on short term rentals. +Took the car into the Kia Dealership to get serviced and the dealership representatives were consistently talking about the car due to the car having low mileage and it's well maintained. + +We bought the car at around $18,000 in 2020 (putting about $2,000 down payment) and we're at around $12,000 left to payoff. The dealership appraised the car for $16,000. This would be my first time trading in a car so I'm not sure what to expect and how it works with our current car loan. + +In my head, we trade in the car for $16,000. Pay off the rest of the loan, and get $4,000. I'm assuming I'll have to pay some type of taxes and fees. Is it even worth it? + +I'm a skeptic and usually feel like there's more to this than it's a good deal for me. When I'm sure it's a better deal for them. I'm just curious on how to approach it because me and my fiance have both been contemplating on getting an SUV but we do like our Optima. + + +Car: 2018 Kia Optima + +Miles: < 26,000 + +Location: FL, USA + + +Update: I appreciate the feedback. I didn't realize the cost of new cars. I haven't done the initial shopping around for the SUV so I didn't realize that the price rose for it. We decide to not entertain the idea and I'm glad I had asked here first. +This is personal anecdote but I feel compelled to share. Reddit, please excuse me for the hyperbole. Mods, I believe this is still on topic. + +This morning, I was sitting in our kitchen reflecting on the past decade of service to a relatively large company. The reason for my reflection is that I had submitted my resignation recently and I am about to complete the process of winding things down. Against all rational decision making, I chose to leave a job that paid well along with a great defined benefit pension plan that would have been a significant proponent to FI/RE. It was a difficult decision and I never really understood the term "golden handcuffs" until now. + +As I sat and reflected, I didn't realize how much I chose to ignore my own feelings of being trapped in this job. The excuses that I made when things were not right, seeing peers and wonderful colleagues leave due to work place bullying which I was subjected to as well. Tolerating all of this for the sake of the pension, financial security and progressing towards FI/RE, while silently suffering and sensing a decline in my own well-being and mental health. + +I will be starting work at a new company without a DB in a few weeks. I am okay with this. I believe I am also okay with the possibly that my new place of employment could have it's share of unpleasantries as well. During my decision making when the offer was on the table, one aspect of all this that I didn't anticipate was how much I needed a change. + +This morning, I carved out some time in the calendar. I was dedicating this time to a ritual that I would normally rush through while ruminating on work. Instead, I chose to be mindful and gave the morning brew everything that I could muster so that I could craft a great cup of coffee. + +I haven't felt this alive in a very long time. Isn't this what FI/RE's all about as well? + +For you coffee lovers out there, [this is how](https://www.reddit.com/r/pourover/comments/mdu58y/appreciating_the_ritual_this_morning/) it all went down. Thank you for reading Reddit. +I know the standard thinking is that you shouldn't pay it off early, but for this case I think it might be advantageous, unless there's something I'm not considering. + +I currently owe ~$6600, and am due to pay anywhere from $5-6k of that when I file my tax return, depending on my final assessed repayment income. That would leave me with a very small remaining balance, but I'd still have extra tax taken out every fortnight for the whole coming financial year. I'd get most of that back at tax time of course, but I'd effectively be getting underpaid for the majority of the year. + +I know some people recommend filling in the form to say you no longer have a debt during that final year so the tax stops getting taken out, then just paying the lump sum before the indexation on June 1st, but technically speaking (as stupid as it is) that constitutes tax fraud, so as minimal as the risk is I'd rather not chance that. + +My thinking is to just pay it all off this year before June 1st (saving all of $40 in indexation, but hey, it's more than I'd make on that money in my savings account over the next couple of months), and enjoy the pay boost + tax return this year rather than delaying it by another year. + +So, am I missing anything obvious here that makes this a bad idea? +I’m trying to decide if I want to up my contributions over the coming years. I understand the benefits but I’m not sure I want to wait to 65 or 70 to access benefits. + +Can anyone help me understand why the government has restricted access to super by raising the preservation age in past years while they are simultaneously trying to reduce reliance on the pension? +&#x200B; + +https://preview.redd.it/cpf9x25bdct81.jpg?width=1125&format=pjpg&auto=webp&s=051094ce2a8332b972c1d0d0f4dd785ea99d1baa + +So most if not all have seen the post on the front page about insider trading going on with Conbase, now to some this isn't news but to others it's been eye opening. So now that you know this information are you planning on changing exchanges if you were using conbase? + +Now this is probably going on with every major Centralized exchange due to the fact that people are greedy and will take advantage of any opportunity to make more money. what options do we have? + +I have some stuff on Conbase and am planning on moving it to a non-custodial wallet this week, I had planned to leave it in Conbase to be able to sell easily but with the way the past couple of months have gone I'm just going to hold it for a while. + +TLDR: are you ditching Conbase due to insider trading that has come to light? +Jeffrey Gundlach, DoubleLine Capital CEO, sits down with CNBC's Scott Wapner at Doubleline Capital HQ in Los Angeles to discuss the 2020 presidential candidates and how he sees the 2020 election playing out. + +[https://www.youtube.com/watch?v=jXF5Ps1gxLI](https://www.youtube.com/watch?v=jXF5Ps1gxLI) +I didn't know too much about crypto at the time of buying them. I didn't do any trading or anything, just bought, and let it sit in my wallet. I just figured if I bought anything, the prices would eventually go up. + +I had this money sitting in my bank account for years and it was doing nothing for me. Just the peace of mind that it was there and I could use it whenever I wanted. Years and years went by and never touched it, so I decided to try and be an adult and invest it in something. Here's how it went. + +|Coin|Price Per Coin|Investment|Value Today|Profit|Value if sold at ATH| +|:-|:-|:-|:-|:-|:-| +|ETH|$244.81|$500|$4,367.31|$3,867.31|>!$8,898.72!<| +|IOTA|$.59|$500|$576.12|$76.12|>! $4,449.15 !<| +|XMR|$12.85|$500|$7,695.71|$7,195.71|>! $21,102.34 !<| +|OMG|$10.67|$500|$175.35|\- $324.65|>! $1,200.56 !<| +|ARK|$2.93|$500|$155.29|\- $344.71|>! $1,744.03 !<| +|TOTAL||$2,500||$10,469|>! $37,394.80 !<| + +As you can see, my investments overall did pretty well. If I had just let this sit in my bank account, it would be worth like a few dollars more than what I started with. + +I bought OMG and ARK because they were being super-shilled in this sub and at the time I didn't know any better. I thought this sub was the end-all-be-all of crypto (lmao). + +IOTA was being shilled too, but the transactions are instant and free so I figured that would blow up... it kinda did when it went to $5, but not much after that. Not sure why it didn't blow up. + +I bought XMR just because it does what BTC says it does and the community has interesting people/discussions as well. Most of it is over my head though. + +Keep in mind, I held through two bull cycles, lost 70% on two investments, and I'm still up about 400% overall. There's no need to be stressed out guy, just hold for the long-term and you'll be aight. +I was thinking of holding 100 QQQ shares for a very long time and making constant profit from selling weekly covered call option in the range of win chance around 70% (as shown on the Robinhood) which is about $220-260. So, that’s about $900-1000 profit every 4 weeks or month, not accounting the uncommon situation that my shares are exercised. + +Any advise? +**TL;DR: Acknowledging successes is important for mental health and morale. We asked for 005. We got it. Now... Let's celebrate!** + +There's a lot of back-and-forth discussion about the implications of **DTC-2021-005** at the moment. Everyone's eager to understand whether it will change anything for GME or not, and I share that sentiment; but I'm also seeing a growing amount of concern and negativity on Superstonk that 005 will change nothing, or might have compromised the privacy and security of apes. Underlying all this is the suggestion that 005 was a waste of time and energy that should now be forgotten about. + +Honestly, **none of us know at this stage** what will happen as a result of this filing, but I believe the current tone of the discussion is problematic. + +&#x200B; + +**Ok, so what's the problem with continuing as though 005 means nothing, even if it does mean nothing?** + +[Well, little ape, let me elucidate here...](https://preview.redd.it/sc8xp82f9i571.jpg?width=500&format=pjpg&auto=webp&s=a1e03d503810e5dfe8eab08213a9494896b3ced0) + +**The problem is that we've been getting hyped about this!** + +Many of us have invested a huge amount of mental energy discussing 005, and some of us have even gone out of our way to actively lobby for its implementation. After several weeks of eagerly waiting, we've built up a huge amount of excitement and anticipation around the filing. We want something big to happen, yet this excitement is being redirected and dissipated, leaving an anticlimactic feeling of apathy. + +Now, to the reason I'm writing this: If we only ever focus on the negative outcomes of events, whether potential or actual, then it doesn't take a psychoanalyst to see that we'll start to only ever see negative things in our future. + +With the cycle of hype and failure that we've all experienced these past few months, there's a risk that we'll burn ourselves out, lose confidence in our DD, and lose faith in the potential to ever reach our desired goal. Obviously, this is dangerous, as without a belief in a positive future outcome, there is no reason to invest in anything. The SHFs know this, and it's precisely why we've seen sustained FUD attacks, and why they're attempting to drag this out for as long as they can. + +&#x200B; + +**Burnout comes from failing to acknowledge wins!** + +I understand some of the concern and pessimism around 005. For all we know at this stage, it might change nothing. But one important thing already ***has*** changed: **We finally got something we asked for!** + +Remember why we're even discussing 005 right now: We saw something that we thought would improve the situation. We invested time educating ourselves about it. We lobbied to make it a reality. And now it's here! That in itself is a huge **achievement worth celebrating.** + +Acknowledging wins like this is vital for our ability to trust our decision making skills, as well as our own mental health, and our health as a community. + +&#x200B; + +**The solution to negativity and burnout is simple: acknowledge the wins when they happen!** + +&#x200B; + +https://preview.redd.it/tloxnmn4ci571.jpg?width=744&format=pjpg&auto=webp&s=8eddfd8b65f83d19dfa4b85fc77784e9b0f2c710 + +So... regardless of what you think about 005, I propose we all take a moment tonight to appreciate what's happened, and celebrate the success of getting something we wanted, without worrying about the implications. + +Personally, I'm having a beer in honour of all my fellow Apes who kept this on our collective radar, and those who applied pressure on the DTCC to ensure they couldn't quietly drop the whole thing. + +**Congratulation, Apes! You did good!** + +Now, booze time... + +[CHEERS!](https://preview.redd.it/jxg80zgrci571.jpg?width=300&format=pjpg&auto=webp&s=0bd32074bda6649ebfcc0ebdbaefbc5cffa00436) +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. +- 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, 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, 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! +Cardano +Lisk +Waves +EOS +etc, etc. + +Which is closest to actually releasing a blockchain that can surpass Ethereum on multiple fronts (txs, etc.)? What are the expected release dates for the ones not live yet? What are their weaknesses? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I feel like homeownership will never be in our reach. My husband makes 45k per year, and has excellent credit. We have no debt, but its because we pay all our cards off completely at the end of ever month, which leaves us broke. Should we not be doing this? I have a cousin who's husband does the same work, pay is the same and they are so much further ahead than us, Idk what we're doing wrong. I do not work right now as our 2 kids are home from school and I am taking care of my elderly parents. + + +Most homes in our area area start at 250,000. We want to own a home in a year. Any advice? +A friend of mine, 21 got an abrupt two week notice from her folks she's getting kicked out of her parents place in two weeks. She's already working, has about 6000 to her name and she needs all the advice u can give. She needs a car and housing in two weeks. Whats the best way to go about this? + +What are some tips u can give her , or which subreddit for that matter since this is all a lot to get in two weeks. Trying to get as much info as possible for the right decisions. What options are there available to get this done smooth as possible (NOT asking for anything besides advice, tips...). + +thanks in advance, hope this is the right sub! +Just got engaged and we are looking to get married in 18 months or so. Her parents are giving us $20k for the wedding, so we shouldn’t have to pay out of pocket, except for the rings, our suit/dress, and a couple of other small things. I have some hefty short term saving goals, but I also have some debt as well. Here’s my savings goals: + +Emergency fund: $5,000 +Bachelor party: $1,000 +House: $20,000 +Current balance: $4,000 + +I’m almost to my emergency fund goal, and we are putting house fund on the registry so hopefully we can get some cash to buy a house. Next, here’s what my debt looks like: + +Student loans: $27,000 (on deferment until September, but I put it in my budget to pay $500/month towards it) +Car loan: $9,000 (1.9% interest rate) +Credit card: $1,500 (0% apr until April 2022, opened it to buy engagement ring) + +Obviously, paying off debt is a big setback to being financially free. Right now, I’m prioritizing the credit card because even though it’s 0% for another 14 months, I want to go ahead and get it paid off. I’m still doing the minimum on my car and as much as I can at my student loans. Should I change this? + +Lastly, my investing strategy. I love, love, love to invest. I enjoy the market, looking at trends, and investing in the market. It’s my outside of work hobby. Currently, I am putting 6% to my 401k (3% pre tax and 3% is Roth) and I have 2% going to a Roth IRA for every paycheck, which ends up being not even $100/month. I also have a brokerage account with $600 in it, but I’m not contributing to it, it’s just speculative and I haven’t touched it in a couple of weeks. Should I change my investing strategy? + +With this big life event, I have a lot of short terms and long term goals coming up. Between saving, investing, and paying off debt, I’m conflicted with what to focus on. My first instinct is to only invest the 401k 6% which is the match and then increase my savings amount. But then again, my Roth IRA contributions are so low I could use that as a savings account too. How should I proceed? + +My income is $55,000 per year, my fiancée makes $62,000 per year. + +Thanks for the help! +My fiancé and I are getting married in May 2021. My family has mentioned to me that they’re looking to gift us 2 installments of $10k (1 in 2020, another in 2021 to avoid tax). Ideally we’d like to use this towards a down payment for a home later down the road, but we’re comfortable in our smaller condo for now and the next couple years. + +I’m not looking to go the Wall Street Bets route, but I’d like to put this money (and any other monetary wedding gifts into an account. What’s the best strategy for this type of savings? + +I’ve thought of high-yield savings accounts, but I’m not sure that’s the best vehicle. Would it be better to invest in any particular dividend stonks, or would it be better in a HYSA? Or are there other options? + +Thank you all for your insight and support! +I have been an electrical engineer for a year in Wisconsin. I started at $63k and a $1k bonus. After a year, I got about a 3% raise, and make $65k. Say by my second year I start making $67k. Say by the end of my 3rd year I change jobs, and start making $75k. + +Assume my cost of living stays constant or that my new job location has close enough to equate to $75k either way. Here is where I am a little confused. With each raise, I get extra cash. I mean, inflation is 7% right now, but my bills and food costs are relatively constant. Anyway, does the percent of annual raise generally decrease with income amount? + +I realize most employer's may or may not give 1-3% raises annually, biannually, more frequently or based off criteria independent of time. But do raises generally decrease? + +Example - person age 30 makes $75k, with a 3% annual raise. By age 60 they are making $182k. By age 70 they are making $245k! By this time, 30-40 years later, costs will definitely go up (the previous assumption of constant living expenses goes out the window). + +I am just trying to create a speculative investment/savings spreadsheet. In other words, a forecast. I want to have it simple enough for easy math, yet realistic enough to speculate future net worth. Related - FV (future value) function in Excel. +Hi everyone, + So I started filing my taxes on TurboTax last night and found that I owe about $6,000 in taxes despite only making about $31,000. This is my first year of having and 1099s as my main source of income (I also have three W2- totaling about $4,000). I have two 1099-MISC that are about $27,000. I added my deductions and write-offs, which brings it down to $24,450. I also have my student loan 1089, which is about $1,500. Does $6,000 seem really high to anyone else? I can't afford a tax adviser where I live (they run $500-$600/hour), so it'd be great if I could get insight from the reddit community. Thanks! + +EDIT: Thanks for everyone's help! I clearly did not do my research for 2015 and am paying for it now. 2016 will be a different year! Currently taking an interest-free loan from my parents to pay off these taxes since I only have $4,000 to my name. Just when I thought I was passing off as an adult.... +After some issues with the code, that pumped the gas fees to infinity, the project had to take drastic steps to turn this boat around, and boy did they turn it around. +🚣‍♀️📈🚢 + +LOT version two with an updated code PLUS SUCCESSFULL AUDIT with Solidity finance is claiming new aths every day (Crossed $3.2) and it attracts old investors and new ones alike, it is a reassurance to the awesome community that was build around the simple but ingenious tokenomics of this Coin. +🔭🌚🚀🌠 + +Every Wallet is an entry to an everlasting lottery, you just have to hold at least 18 LOT in your wallet and you are in. This number is dynamic and can will be changed by the devs to counter volatility. Lottery is 1-2 times every day! + +So take a seat💺 and soar through the sky with us.✈✈✈ + +This coin is the OG Lotteryproject on BSC, everything else is but a copy of it and an unsuccessful one at that. The short amount of time that LOT was in redesign brought forth an entertaining bunch of projects (LOTTOAUTO and $ROUL we are looking at you) and all had one thing in common, the allure for the little man was missing, they would have ended or ended up becoming a whales game, just like Ethereums Lottery, and thus they failed and fail right after reception… + +Alright back to the money shitting elephant at hand. Cause that is what this coin is, the purest form of democracy in monetary form. Every wallet has the same chances, again 1 wallet + 25 of LOT = 1 ticket, sure you can make multiple wallets to get more tickets, no problem with that. But be aware young goomba, that you will fill up the pot with every tx you do. And you will lose out on the juicy holders tax that benefits those that hold their coins in one wallet. + +And this is where things get interesting, every transaction of LOT has an automatic tax of 6% applied to it: + +🛸2% go to holders (The more LOT your have, the bigger your share will be) + + +🛸2% get burned + + +🛸2% go to the pot, that fills up till it bursts when it reaches 0.1% of circ supply and one lucky little fucker gets it all. This mechanic is giving me wet dreams btw, how can you not be on the verge of going all in right now...                            + +News flash!!! (The devs just finished one of the craziest feats on BSC, they did an Airdrop for holders of LOTs old version to reimburse them, whilst doing a presale for them as well, all manually! Like for real, they did this shit by hand and send everyone their respective tokens. BSC, you finally got some heroes to show case!)  + +Alright here are some specs for you tinkerers: + +🎲Circ supply: 1,250,00 (105,000 initial burn to        🎲match the swap, so 1.145m will remain) + + +🎲This low circ supply will catapult this through the stratosphere. + + +🎲Market cap: $3.5m + + +🎲CMC and CG applications are done, so in about 1 🎲million years LOT might get listed. + + +🎲Awesome road map that will evolve the project 🎲into a Lottery ecosystem with multiple projects! + + +🎲Devs that respond to everything personally and are in the chats 24/7. + +Links: + +Website: www.lotterytoken.net + +Audit: https://solidity.finance/audits/Lottery/ + +Liq lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC + +Reddit: www.reddit.com/r/lottery_token?utm_medi + +Telegram: @lotterytokenchat + +Twitter: https://mobile.twitter.com/lottery_token + +Graph: https://dex.guru/token/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7-bsc + +Contract: https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +BUY HERE RIGHT NOW! + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Tldr: If you are bummed by getting rekd the whole time on BSC and you lose faith in new projects, look no further, this one here can reestablish lost trust. The Devs did something no other team on BSC did so far when times got rough, they stayed, and they indulged into the community. They sweat blood and grinded their brain cells to overload. For the Project, for the community, for crypto. + + +ADS NOW RUNNING ON PORNHUB😂😂😂 +Amazing bounce off .03 cents and now we are off to the moon tonight we are expecting big things from Dogira. Tonight alone we have seen a 25 % gain with no signs of slowing down. + + +We will be doing an AMA with a big crypto group (Satoshi Club AMA's on April 17th!) + +Our full roadmap is up on https://dogira.net for anyone interested in taking a read through; and it details our core goals across 2021, with a heavy focus on further NFT ecosystem expansion, alongside delving into Blockchain Native Gaming + +Our COMMUNITY has grown from 3k members a couple of days ago to now over 4100! We have a very active and supportive community. + + +Dogira + +Site: https://dogira.net (new!) Telegram, Discord, and Buying instructions can be found inside here! +Subreddit: /r/Dogira +TX for DexTools/Uniswap: _0xe9bd6ddc2b13f46715382f74534950e004399d10_ +Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 +CoinGecko: https://www.coingecko.com/en/coins/dogira + + • Microcap Token; currently at; $4mil in Market Cap + + • Grew to this level organically, before CoinGecko/WhiteBit listing + + • Core Team are active, friendly, and well-versed + + • Audited, and approved by War on Rugs. More Third-Party Audits currently being planned. + + • Project Leads are doxxed. + + • Community are super friendly and engaged - very reminiscent of old Doge. + + • Partnered with FEG + + • First batch of investment NFTs already made; delivered, generating $35k for marketing/CEX listings + + • Heavy focus on further NFT ecosystem expansion, and creating Blockchain Native Gaming services + + • Satoshi Club AMA happening this Saturday April 17th, with a $500 USDT giveaways respectively + + • $20,000 USDT Bounty Program is currently live. +Game changing dex tool, made by investors for investors! + +&#x200B; + +They are building an AI-driven data aggregation platform which monitors BSC and Ethereum network tokens, providing holistic analysis and tracking capabilities for any given token – All within a carefully crafted UI. + +&#x200B; + +Description: + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as features other innovative and unique solutions for investments. + +&#x200B; + +For example you can use the platform to buy a token the second it is listed on Coin Market Cap or a Binance listing is announced! + +&#x200B; + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices and to reduce the likelihood of traders falling for rugpulls and honeypots. + +&#x200B; + +\-CMC and CG applied for + +&#x200B; + +\-Techrate audit in progress + +��� Doxxed Core Team + +✅ Real Use Case (Utility Token) + +✅ Clear Roadmap and Whitepaper on Website + +&#x200B; + +Sonar Token ($PING) Distribution: + +\-Total Supply: 4,000,000,000 + +\-Team Tokens: 4% + +\-Development/Marketing: 4% + +\-Pre-sale Tokens: 56.2% + +\-Token Burn and Launch Fee: 5.6% + +&#x200B; + +Transaction taxes: + +💰 3% tax to Liquidity Pool to create a stable price floor + +🤑 2% tax to Redistribution + +👨‍🔬 2% tax to Sonar Innovation Lab Wallet + +👨‍💻 3% tax to Sonar Marketing and Development Wallet + +✉️ Telegram: [https://t.me/sonar\_official](https://t.me/sonar_official) + +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) + +🐦Twitter: [https://twitter.com/SonarToken?s=09](https://twitter.com/SonarToken?s=09) + +⭕️Reddit: [https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) + +🎮Discord: [https://discord.gg/7kuNHxZeCP](https://discord.gg/7kuNHxZeCP) + +🎥Tiktok: [https://vt.tiktok.com/ZSJ9oBTDo/](https://vt.tiktok.com/ZSJ9oBTDo/) + +📽Youtube: [https://youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) + +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) + +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io) +I always have some, I like the spirit of Halloween, I like to make kids happy. This year I couldn't participate because I didn't have enough to buy candy. I hate being that guy who doesn't give out candy. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +So your dumb ass stumbled into crypto and got rich on a bull run. Now you want to buy a Lamborghini? Bad idea. Your stubby legs and fat ass will not be able to drive it. You can barely stand up. Just buy a giant chunk of some god damn land out in a low population area that is rich in natural resources like fresh water and big ass trees. Bitcoin can go down in a second. You know what doesn't go down? The population of earth. Every one of us sniveling humans need fresh water, housing, graphics cards, cars, and other stupid humans to keep them content. Invest in owning a piece of something even more deflationary than bitcoin or eth. Remember, you cant eat a Lambo. +Looking for your thoughts about buying etfs as the prices of the same etfs keep going down. + +Is it better to bring your average cost down or wait till you see an uptrend and then buy. + +For example if QQQ keeps going down, is it better to average down or wait for the uptrend. +Hi, I just started buying dividend stocks and I am wondering where to put them, and i hear conflicting things. + +One says in a non registered account because I can claim dividend tax credits federally and provincally on my taxes, and the other says in a tfsa. + +Which is the better option? +How is it that r/weedstocks has more than double the members of r/CanadianInvestors ? + +It's crazy that we only have 61k members and they have 145k. It would suggest more people are invested in weed stocks than diversified Canadian stocks and ETFs? + +is there another sub-reddit group for Canadian stocks that I am unaware of? + +There must be alot of bag holders in that group? +I work in big tech. Like legit big tech. You wouldn’t believe how much corporate espionage happens when there are billions of dollars at stake. We have enough trouble with hackers as well. Having gone through a source code leak once, I hope you could understand how it makes the developers lives hell. Lots of cleanup protocol and post mortems, etc. + +The loopring developer didn’t commit any secrets to the source code but definitely breached whatever privacy agreement GameStop might have with Loopring. + +This is damaging to their relationship and questions of competence arise. + +W. Tang isn’t gonna live this one down for a while either. + +Lastly, and I mean lastly you damn dirty apes, what the fuck did RC say about telegraphing his strategy? He doesn’t. We just did. + +This info gives competitors and HF more context and clarity. I think it’s too close to launch date for someone like Amazon to spin up a competitor and we still don’t know exactly how this marketplace will work so I’m not too worried. + +But like, stop and think for a minute before telegraphing this info to the world. Loopring is a small plucky startup. I guarantee they do not have the flush resourcing to handle hacks and corporate espionage on the level that they now might receive. The eye of Sauron is now upon them and it’s our fault. +I have a masters degree in psychology with about 3 years exp (mainly into trauma, relationship issues, counselling, anxiety disorders etc) and work for a private practice. I’m at 90k currently. Just wondering if I’ve been low balled or if this is the current industry standard. Thanks. +Hi all, + +As you all are probably aware, when purchasing car insurance, it is usually cheaper to pay it off annually rather than paying in monthly instalments as you end up paying average £200 more. + +I thought about applying for a 0% purchase credit card I found on Experian with MBNA which I am pre-approved for. + +It’s for 24 months at 0% + +Wouldn’t it make sense to just get this card and pay off my annual insurance and enjoy both benefits of a lower premium whilst also paying monthly rather than losing a huge chunk of money right away? + +Am I missing anything here? + +Thanks all. +I have received an incredibly good job offer with a tech firm and will soon be earning £75k + 10K bonus. I was originally going to be buying a property up North to rent out whilst I progress my career in London. However, now that I will be earning well, looking on Rightmove it looks like I can afford a 2 bed flat in London/Outer London for 300-350k which is within my budget. I'm not fussed on area at all having grown up on a council estate up North myself, so as long as the flat is close to a train station/tube station (with less than 1 hour journey) to central London I will be happy. However, I'm worried that I am missing something here, whenever property prices are discussed in London there is the overwhelming consensus that it is completely unaffordable, even for those on a salary similar to mine, am I missing something here? Is it because those on my salary wouldn't want to live in an area they deem rough? Or is there something wrong with a flat/house that isn't at least 500k plus? + +For example, these are 2 flats that I have seen that look great and exactly what I am looking for but I can't seem to tell what the issue is...if there is anything?: + +[https://www.rightmove.co.uk/property-for-sale/property-93397040.html](https://www.rightmove.co.uk/property-for-sale/property-93397040.html) + +[https://www.rightmove.co.uk/property-for-sale/property-82230997.html](https://www.rightmove.co.uk/property-for-sale/property-82230997.html) + +After tax, pension, student loan etc... I will be taking home £3741 and so I am willing to pay a maximum of £2000 on mortgage/service charges/ground rent and bills (electricity, gas, water and internet). I'm fortunate that I will be able to pay off all of my student loans (plan 1) on my salary, I have approx £20,000 left to pay and will be paying approx £5,000 a year so when I am 31 in 4 years time it will be paid off and that will mean an extra £400 in my paycheque every month. Hopefully by then I will have received some sort of promotion aswell if I stick with my current company. I currently have £20k saved as a deposit with view in the next year to add another £30k, so will have a £50k deposit. + +Please could you advise if I'm missing something when it comes to buying a £300-350k property in London on my budget? or is there anything that could add significant charges that I am missing? +I work as a baker so a small mom and pop restaurant. For a while they have been struggling financially and I’ve been seeing signs of it everywhere; no food trucks for twos weeks, some other employees not getting paid on pay day and only with about eight employees in total. Yesterday they pulled me outside to say they also couldn’t pay me. I asked why they said they are in a financial bind that they hope will be fixed by the end of the night. I asked then if I could be paid tomorrow and they said they wished. I don’t know what to do my boyfriend is furious. He thinks I should call the labor board for wage theft. I feel bad because I know they are struggling and everyone stays because we love our jobs. So I guess I’m asking what is the right thing to do? I can’t work for free and I literally watched this same thing happen to my managers who left after not being paid for months. +I am interested to see what everyone puts aside for Xmas present budget. Now that I've got older I am finding Christmas to be such an expensive event and I don't even have kids yet. I feel as though I've totally lost the feeling of the event but the cost has ballooned. +I opened up a simulator account on FOREX, which gives you $1,000 USD to start of with. A bit over a week later, I now nearly have $12,000 from exclusively using BTC and Etherium. Is this legitimate? I am scratching my head, since I sincerely doubted it is possible to make this much money this easily. There has to be something off here, right? + +The only logical explanation I can give, other than this is actually possible, is that the simulator I am using doesn't represent the real thing. + +I've made $3,000 in the past half an hour. Like, if I were to do this (big IF I am successful) several hours a day, every day, this is something around $10 - $14 million a year. No way. + +Any help would be greatly appreciated! +When the disclosure states “warning, trading could result in loss of more than the amount deposited” does this mean if my account is £3k with pepper stone I could effectively become in debt to them if a trade goes absolutely disastrously, obviously my stop losses will be set to a £30 loss on every trade but if some global event sent a trade the wrong way and it missed my stops could I be liable for a debt? Thanks guys + +\[Disclaimer: I was incredibly stupid for falling for a scam. I know. I'm genuinely embarrassed by it. At this point all I'm looking for is a few opinions. I also posted this on r/Trading, but have yet to hear from a mod, since my acc. is new and they marked it as spam.\] + +&#x200B; + +Hi everyone, + +New here, and wanted to ask a few questions, specifically about what legal powers unlicensed traders have over you. + +Long story, here goes: + +In April to May of this year I was duped into an online scam promising automated trading software “Bitcoin Trader”. In doing so, I chose Brokerz.com as the broker with which this automated trading should occur. I opened an account with Brokerz.com via a phone call in May of this year. I already knew this was odd, but played along out of ignorance and confusion. [Brokerz.com](https://brokerz.com/) seems/seemed quasi-legitimate (though unlicensed), but the means by which I opened an account with them were not. + +Suspecting that I had been scammed into depositing money with Brokerz.com, I decided almost immediately that I wanted to close it and filed a withdrawal request for the same day, wanting to withdraw all funds and subsequently close my account. + +That was rejected, because I had not provided the sufficient ID, which I had never been asked for in the first place and I did not realise I needed to provide just yet. I was then told that I had missed my 48h window in which I could close the account. Brilliant. + +I received a Managed Account Agreement which I was told to sign should I wish to trade. I did not sign it, as I made it clear in a prior phone call that I did not wish to trade. I did not know how to close my account and was at the time too busy to further pursue the matter. + +In an attempt to close the account and retrieve my funds I sent the necessary documentation to the compliance department. My second withdrawal request was then confirmed. Shortly after this, £100 were deducted from my account due to not trading for over 45 days (this is a policy they have), despite my making clear in the earlier telephone call, before my Managed Account Agreement was sent to me, that I had no interest in trading and did not wish to pursue the matter. + +I contacted two members of staff via webchat, who informed me that my second withdrawal request was denied due to insufficient funds. However, on my trading client account it still marks my request as “pending”. Furthermore, I was informed on the web chat that the minimum amount to be withdrawn from my account would be determined by my account manager. The account manager that I have not authorised to manage my account, as I haven't signed the form allowing them to. + +So effectively I can't close my account because it has funds on it, but they won't let me withdraw the funds because that needs an account manager.. It's an endless cycle. + +The company seems very obscure, and not many reviews exist of it, but the three that I saw were very critical accusing them of not allowing withdrawals. + +Their terms and conditions, as well as bonus terms and conditions ([https://www.brokerz.com/legal/#/](https://www.brokerz.com/legal/#/)) state things such as: + +*"These Bonus Terms and Conditions shall be governed by the law of the Marshall Islands, without giving effect to the principles of the conflict of laws."* + +*"These Terms and any relationship between the Company and the Client shall be governed by law applicable in Anguilla and subject to the exclusive jurisdiction of the Seychelles courts. The Company shall have the right, in order to collect funds owed to the Company by Client or to protect the Company's rights such as good-name, intellectual property, privacy etc., to immediately bring legal proceedings against Client, in the Client's residency and according to the Client's residency applicable law."* + +&#x200B; + +So, apart from being a lesson in not being scammed, and not using unlicensed traders, I've got a few questions: + +&#x200B; + +1.) The company is registered in Sofia, Bulgaria, but they mention the Marshall Islands (Pacific), Seychelles (North of Madagascar) and Anguilla (Caribbean) in their terms (see above)? Legally how does that work? That seems quite fishy to me. + +2.) None of this was ever in writing. I opened the account in a state of scam-induced confusion over the phone, but never signed anything. How much power do they have legally over me if nothing is in writing? + +3.) I've basically resigned myself to the fact that the money invested is a write-off. It's a significant, but not huge sum of money, but I just want to close my account and move on with my life. The problem is this, in the terms and conditions: + +*"Dormant Fee: Brokerz will charge dormant account balance, for inactivity in trading of 45 days and above, for the sum of 100$ a monthly fee after this period of time ."* + +So if that fee runs down my account, fine, but will my trading account then go into debit? Will I suddenly see -100, -200 etc. for every month I don't trade with them? And should I not wish to pay that fee, would that make me legally vulnerable, despite never having signed anything? And since the company is unlicenced and I live in the UK, and there are three jurisdictions mentioned in the terms, how would any legal dispute work? + +&#x200B; + +I've sent them an requesting an immediate withdrawal and cancellation of the account. But basically, what happens from here? How liable am I to any legal pursuits? + +Long post, and this may be the wrong subreddit, or the wrong questions to ask, but at the moment I'm pretty much at my wit's end. Thank you for any replies or help. + +Best regards. +Hey guys. I’ve been trading for awhile, and am doing decently well. The idea of being able to use signals alongside my own trade setups is still very appealing, as I am extremely busy most all of the time and don’t usually have the time every day to trade on my own. + +So my question is this. Are there actually any good signal providers? I’ve used a good few, free and paid alike, and I can’t say any of them have been much help. +So yeh this post will likely get some hate and I'm new(ish) certainly around these parts anyway. + +So let's say I have £1000 to trade and I want to go on a higher end of risk management and use 5% of my account size. + +What if I'm only aiming for a 10% gain per day. + +£100 day one +£110 day two +£121 day three + +You get it... + +If I grow my lot size in accordance with my 5% rule and set stop loss at 30 pips a trade and take profits at 100 pips a trade, what's to stop me growing my account fast? + +Genuine thoughts and opinions please. + +I've already banked 60 pips for the day +Like the title says I’ve been trading years now and I’ve made money, lost money but never kept the consistency going and I’m going insane about it, where would I find someone with a track record to learn there strategy, I’m looking for something around 70% winrate any help would be great thank you +Hello everyone! I'm sorry if the title isn't clear, I don't know any other way to convey my point. Anyway my country had a fixed exchange rate system for decades now, but this summer it'll change this policy in order to possess a freely floating currency. The thing I know almost for certain is that my country's currency value is going to drop. So how can I protect my assets and my money when this happens? and how can I use this to my advantage ? +EDIT: country is Morocco, and central bank has been intervening to prevent a depreciation of the currency. +As the title says has anyone grown a 1k account into something large enough to live off of? Whenever i type 1k account it's only people flipping and over leveraging. Has anyone grown it using proper risk management? +Oanda do nano lots with $0.01 on the pip, so realistically you could trade $100 like a $1000 account and still keep a good risk management right? + +Anybody tried this? + +I'm sick of demoing now - i'm just gonna go live with $100 and see how it goes. I've traded in the past but been blown up twice. Only lost $500 but still... I had no money management. + +Is my logic sound? +Hi everyone, I have been trading for a while now and am profitable. I’ve noticed that since starting, my use of indicators has definitely gone down. When I first started I was the poster child for analysis paralysis (at one point I think I had 3 different graphs for MACD alone). Since then, I still use indicators but have drastically cut down on them and only use the ones I consider essential (TTM squeeze, 2 HMAs, and ADX). Obviously my being profitable was not a result of limiting my indicator use instead it was my experience and increased knowledge, which probably led me to decrease my use of indicators. I'm curious how many indicators other experienced and profitable traders use and if you've also had the same experience with decreasing indicator use as you get better (would appreciate specifics on which indicators you still use) +I'm curious to hear about your opinions regarding Bitcoin in a completely fundamental/technical standpoint, considering the latest rally bringing the prices up to $450 and higher. + +Do you guys feel it has any merit? + + +Is it possible for a currency to rebound after that? And is it possible for the value to become negative? I understand countries have measures in place to prevent this. Like putting more money into circulation but I'd assume an economy is a bit different to a business in the sense that they can't declare bankruptcy. Are there some sort of global measures which can be taken as relief for a countries economy? +Good afternoon everyone, + +I am new to forex and I am trying to read as much as posible in order to gain knowledge + +There’s a couple of questions that are troubling me: + +- what is the minimum deposit one can / should do to start with? + +- does this apply to all currency pairs? + +Thanks in advance +There seems to be a pretty significant divide of beliefs: + + +There are those who believe in Technical Analysis, there those who say it's astronomy. + +For those that say it works, there is widespread talk about "popular indicators" (to my knowledge) like S&R, RSI, Bollinger, Stochastic, and Candlestick Patterns. +However, there is a large population who say to never use these. They reference market manipulation where non-commercial traders take note of hotspot zones created by "popular" retail strategies, making money by sending the market in the other direction with their influence. Evidence is provided through the referencing of client sentiment (net % clients long/short on a pair) and contrasting it to corresponding market data, which provided a strong foundation of support for their theories as in these charts price generally goes the opposite direction of this net sentiment. + +There are also diverging stances on Fundamental Analysis. + +Some say FA drives markets and that it's more important than TA. These sources reference economic indicators like the relationship between inflation rates and interest rates, country GDP, Employment rate, Consumer Price Index, and so on. They place importance on not using all the same type of indicator (Leading, Coincident, Lagging). It makes a lot of logical sense to me that price wouldn't just be a bunch of trend lines and indicators on a chart, and that the governing bodies behind these two pairs and the news that accompanies it would factor heavily into consideration or at least create some sort of helpful directional bias in price. + +Some say that FA matters in equal parts to TA and that although it does drive trader sentiment, it takes time for what is announced to be shown in price action, so price can still fluctuate in the opposite direction quite a bit. They suggest using overbought/oversold indicators to catch the reversals that lead into what everyone's expecting to happen like MACD, RSI, etc. a majority of which those who have the "big bank" narrative don't advise because they're widely used and antiquated. + +Then there are those who say that FA doesn't matter at all. Big banks manipulate the markets, and that if you buy into the news you're feeding into the making of a trading hotspot that the banks take advantage of and drive markets in the opposite direction. A reference made in one of these claims was to the EUR/CHF crash in 2015. I'm sure many know, but at that time the Swiss bank came out and said price would never dip below 1.20 on that currency pair. It lead to a vast majority of traders taking long trades during which price was riding 1.20. After some amount of time, the pair inexplicably crashed to ~.97, taking many traders into debt. This is no doubt cherry picked data, but I can get a feel for why these people think like this, and the aforementioned client sentiment graph in combination with this creates a really convincing narrative. + +Then there's the commitment of traders report. This kind of goes along with trading with the "market makers" or the non-commercial traders and that the trades I make should align with them, as they have the power to substantially move price one way or the other. Furthermore, commitment of "retail" traders seems to inversely correlate with the commitment of non-commercial traders, and that price normally goes in the way of these non-commercial traders, further strengthening the "big-bank" argument. + +Here's my outlook on this as a new trader + +1. For me, FA importance positively correlates with the length of time I hold a position. With FOREX, I tend not to value FA as high since I trade on the Daily chart, and I close most positions on my demo account in a matter of days or weeks. With stocks, I'm planning on investing over years and decades with some 6-11 month growth timeframe stock picks, so FA would factor more there. + +I'm not entirely convinced on the big bank narrative, but I do understand what the argument is, and coincidentally don't use many of the "popular" indicators (edgy, I know :) ). + +As of current, I'm working toward using a combination of a 200SMA to determine trend, Andrews/Modified Schiff pitchforks on Major Swing Levels to gauge price channels and entry points, a mix of ATR and the boundaries of the pitchforks to set stop loss, and generally, a 1.5 to 2-1 Reward Risk. I risk no more than 2% of my demo account on each trade, with no more than 7.5% of my "account" actively trading at a time. + +I would love to hear your thoughts as I'm trying to learn as much as I can from as many viewpoints as I can find. Thanks everyone! +Sorry if this post sounds stupid, I'm new to forex. For example, using momentum + reversal strategies in this picture. I'm a university student and so I have a ridiculously small account and happy to be earning profits in just cents lol (just trying to get an idea of things). So far its working fine but is this sustainable and/or normal? Anything I should really watch out for (like breakouts)? Any advice appreciated! + +https://i.redd.it/pmoqitqyjc921.jpg +Top result: https://i.imgur.com/vA9HABn.jpg +bottom result: https://i.imgur.com/yi5qbO7.jpg + +Forgive me my ignorance, I'm a first time driver starting late at 27... + +I'm getting quotes on a first car via compare the market. It shows the cheapest at the top, but then way down the list I am seeing costs of 4-5X the price! + +Why is this and what makes this cover different/better? should I stay away from that top, cheaper option? I'm not even sure if 1.5k is a 'normal' price to pay for a new driver in an auto 1.8l car, though I understand there are many more factors to take into consideration. Is 1st central plus a good provider, or are they filthy cowboys? +Many people do not understand that fiat do not hold any value anymore. It always go down. Always. And now it happen much more than most of us ever experienced in our lives. In recent times inflation is highest since decades and it is just the beginning. + +Before covid, few years ago it was rational to hold fiat and not be all in crypto. With inflation 1.5% or 2% yearly it was still rational decision to diversify and save some money. But it was before 2019 and is not actual info anymore. It was before covid, before huge inflation and printing of few trillions $. Over $4 trillion printed in just 2020. + +Current USA inflation is 6,8% and it is highest number since 1982 + +Current inflation in Venezuela is around 2700%, your money are literally worth less than paper they are printed on + +Current inflation in Argentina: 52%, you would lose half of your savings in just one year + +Current inflation Germany is almost 6% and is highest since 1992 + +Current inflation in France: 3% highest in 10 years + +Current inflation in Lebanon 174% + +People that hold large amount of fiat are simmilar to patients that don't want medical treatment cause it can possibly make their condition worse. But they don't understand they will never be healthy without treatment. They need to risk to save themselves or in long term they will lose everything anyway. + +Holding fiat is really dangerous. I do not tell invest all in crypto, but at least buy things that hold value ( furnitures, land, gold & silver), invest in stocks or at least spend those money on things you enjoy: like travels, when they still are worth more than toilet paper. Saving fiat is worst thing anyone can do. Have small emergency fund, but remember richest people do not hold much fiat. They know it mean losing money. All their money are invested into some assets to increase in value not decrease. + +Crypto unlike fiat at least give you chance to have profits. Crypto can possibly go down, but I will trust all my money BTC or other good project much more than I would ever trust them USD or any other fiat. Cause crypto can also go up a lot. And chances for crypto going up are actually very big if you chose solid projects. Fiat will never go up, only down. Your fiat become worthless in few years anyway, chose wisely how you want to prevent it. + +Tl;dr Literally everything is safer than holding Fiat. +I put a $100 in my savings at the start of the month, and I’m about to pay my last few bills. It looks like it’s staying there… *knock on wood*. + +I know it’s not a lot, but every time these last few years I’ve started to put money in my savings I’ve had to take it out for whatever reason. No matter how much it was. Here’s for hoping next month will be another $100. +If you had just held onto it after it crashed from $1 to $0.75, and after it crashed from $20 to $2, and after it took a year to go up to $200 and then crashed to $73, then shot back up to $1,000 and then crashed back to $200, then took 3 years to head to $19,000 before crashing to $3,500, then held onto it for two years for it to reach $50,000, you'd have $500 million by now, what an idiot + Hello, thank you for taking the time to read this. In July this year, I started a lawn mowing business and spent down to pretty much my last dollar to get started. I now have a net worth of $5000 (would be higher but I got sick for about a month in July/August). I am predicted to make 16k - 20k ($3000 per month in the summer, $1200 per month during school (Ido leaf clean up and other things after mowing season) this next year. I am wondering how to make the most of this money. My dream is to be a big business entrepreneur, I definitely don’t want to be in lawn care for the rest of my life. While I have opened an investing account and am scaling up my operation I don’t know what to do with my spare cash (I want to turn into more money rather than spend it). I would really appreciate suggestions on what to do with this money. Thanks. +Hi all, I’m 34 and married with two kids in a HCOL area and feel like I’m on the path towards fatFIRE with $2.5m net worth and earning a $300-500k p.a. salary. + +However over the past year I’ve been struggling with burnout at my high finance job. Increasingly I feel the dream of fatFIRE is the only reason I’m staying in this career and that is definitely not sustainable. I’ve found other options that give better work life balance but all require a significant pay cut likely killing my fatFIRE dreams. + +Anybody been through this with ideas on how to proceed? +We’re considering a beachfront vacation home, somewhere warmer than SF Bay (top candidates: Manhattan Beach, Del Mar, or near the Diamond Head on Oahu). Normally, I’d be in the rent rather than own mindset but supply of rentals meeting our requirements is extremely low. + +One unknown is the potential effects of beach erosion, which has been written about for Hawaii and CA (e.g. https://www.latimes.com/projects/la-me-sea-level-rise-california-coast/ and https://www.cbsnews.com/news/hawaii-beaches-sea-level-rise-40-percent-2050/). + +Real estate agents are quick to downplay these articles, but I’m not so sure. + +Anyone with a beachfront home, what has your experience been and do you have a strategy for hedging against sea level rise? +TL:DRS + +* Computer Share account number growth is trending lower than ever. + +&#x200B; + +From September 2021 through August 2022 the weekly growth of Computer Share Account numbers grew about 2,800. That's 2,800 new CS account numbers per week. That's incredible. + +For the entire month of September 2022, the account numbers grew by about 3,200. That's not so great. + +Sept. had 4 weeks in a row of account numbers growing by only xxx. Prior to September 2022, there has not been two weeks in a row with xxx growth. + +When both Account Numbers grow AND DRS shares per account grow, that leads to a compounding effect of registering the float faster. + +&#x200B; + +[Computershared.net tracking of CS Account Numbers](https://preview.redd.it/pmme0xmp1lr91.png?width=1652&format=png&auto=webp&s=e25d37876c37279e0164375ea080682b0835aa27) + +u/8ate8 \- thank you for picking up where u/stopfuckingwithme left off, with tracking CS account numbers + +u/jonpro03 \- thank you for providing charts +So it looks like we're a few % below the 2008 peak on a price basis even though earnings have grown 30%. Fundamentals seem reasonable and the selloff appears somewhat irrational. Do you agree? If so, what are you scooping up? +With the report coming out at the end of the week, are any $AC holders going to sell this week and rebuy expecting a dip, or hang on?? + +I'm debating whether to sell... + +Thoughts?? +It just got made readily available I think in the past month or so where you can now get Cad hedged versions of the same tech stocks that are listed American for a cheaper price. + +Examples: Amazon, facebook, apple to name a few. As someone who uses wealth simple I’m glad I can get in on the action without having to worry about the conversion fee’s now. + +https://www.theglobeandmail.com/amp/investing/investment-ideas/article-more-us-stock-market-giants-become-available-to-canadians-in-a-low/ +For further context, my idea would be to have my TFSA maxed out with mostly XEQT and I’m 26 years old. There’s something enticing about the idea of eventually building a portfolio that’ll pay out 3-4k in dividends. What do you guys buy in your unregistered account? + +Edit: to further expand, my RRSP Is all XEQT + +Second Edit: i appreciate the discussion in this thread! +It just got made readily available I think in the past month or so where you can now get Cad hedged versions of the same tech stocks that are listed American for a cheaper price. + +Examples: Amazon, facebook, apple to name a few. As someone who uses wealth simple I’m glad I can get in on the action without having to worry about the conversion fee’s now. + +https://www.theglobeandmail.com/amp/investing/investment-ideas/article-more-us-stock-market-giants-become-available-to-canadians-in-a-low/ +Hello, + +I’m asking this as I am at a crossroads, unable to take the next steps of finally pulling the trigger to jump into the American markets/economy and investing in American companies. + +My question ultimately is: “Is it too much to have all 3 of these accounts (WS, TD, QT) at the same time?” + +I’ll lay out my pros/cons for context: + +1. Wealthsimple trade TFSA: here I buy Canadian stocks, big banks, ETF’s, speculative stocks. + +Pros: Commission free buying and selling of things mentioned. Better ability for DCA if I can buy 1 share of company each week. + +Cons: I dont buy American companies and stocks cause the 1.5% conversion buying and selling fee. Another con is not having access to all/certain stocks. TD has access to anything I can’t find on WS trade. + +2. TD direct investing TFSA: I don’t use it at all to invest. Money is just sitting there with no holdings or stakes. It was my first brokerage and investing account I opened before I learned about about other platforms like WS and QT. + +Pros: I fucking love the user interface, the analytics, morningstar report, analyst “sell/hold/buy” polls. There is utility in performing norberts gambit for buying American companies (JNJ, 3M, etc.) and other stocks, but not all American holdings (like ETF’s... more on this shortly). I pretty much use it to study and learn before buying/selling. + +Cons: $10 commission buying and selling fee. I suppose I’m cheap (but perhaps misguided because my money isn’t doing anything in the account). So I haven’t touched it. + +3. Questrade TFSA: I don’t have an account with Questrade but am considering it just for American ETF’s. (ARK, QYL, QQW, etc) + +Pros: I can perform norberts gambit here also. I can purchase American ETF’s for free. If I had to buy any other stocks CAD/USD the buying rate is cheaper (assuming less than 1000 shares). + +Cons: I’m unsure how well the UI/analytics compares to TD. I also don’t know if they have access to every stock I’m interested in. (Cause WS trade doesn’t allow you to buy certain stocks that TD does). + +To wrap up: I know I’m keeping WS trade for reasons expressed. But with wanting to make moves with USD in American stocks I have been trying to think which move to make. That I was going to either keep TD and not open a Questrade account OR close my TD account and transfer it over to Questrade. + +But now I’m think........why not all 3 given the distinctions described above? I have the funds to keep each account at a minimum to avoid fees (in QT and TD). So that’s covered. + +Looking for thoughts/advice to ground me, and/or knock some sense in the event I am over thinking this. Analysis paralysis, I’m tired of missing my chance to invest in the largest economy in the world. + +Thank you! +The title says it all you autists. HODL and let's see what happens when it hits 0! + +Website: [https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME) + +https://preview.redd.it/8qttkgl6omk61.png?width=1486&format=png&auto=webp&s=6b3f9c8db04d08daa5b1f06d0f991ca437daae3f +You wanna budget and save money? Buy more spuds. I’ve gone through 10kg in about 3 weeks, there’s plenty of ways to cook them, personally I’m into pan frying them atm with some mixed herbs and chilli, maybe a little bit of smoked cheese. A baked potatoe goes pretty well also, some sour cream and cheese or beans. How about some champ, mashed potatoes and spring onions, mmmmm tasty. + +Potatoes have a huge amount of nutritional variety in them. I normally have them with a cut of steak or lamb. + +Obligatory. Yes I’m Irish. +Hi everyone, throwaway for obvious reasons. + +My partner and I have known each other for 6-7 years and have been together for just over a year. He had a previous marriage that ended badly and, although initially marriage seemed to be off the cards, he's recently indicated that he does want to marry me. I work full time in a well-paid job in an industry that has lots of potential for advancement; he's a mature age final year law student. + +All of the above is just to give a bit of background to my query, and I call it a query because there's no real issue per se, we've just had a conversation that has raised a few questions from my perspective. We're planning on moving in together soon to start our life together and this morning over breakfast, talk turned to that of finances and a binding financial agreement (pre-nup). I knew this would be a talk we'd have as and when the possibility of marriage got closer, and I wasn't expecting it so soon, although as he explained, it makes sense given that we'll soon be what is considered a defacto couple. + +He was burned quite badly by the ex who had a lot of financial control over him and who ended up taking a lot more from that relationship than she should have, so I understand the need for a prenup (both to protect me and my assets as well). I suppose I just feel a little bit caught off-guard and put under pressure at the speed with which this conversation has come about and the clear amount of forethought that he's put into it. He's already mentioned about his exclusions (inheritance) and other finance-related jargon and while I know it behooves me to do my own research, I guess I'm just wondering if anyone on here has any sort of advice when entering into a prenup? I don't have much in the way of assets - some stocks and shares, a little bit of savings and a car. I also don't have much debt to speak of, nor does he. I'd say our assets currently are comparable. + +He's said about getting his family friend to draft up an agreement which I can then run by my own lawyer/ legal representative. Is or are there any pitfalls or things I should be looking out for at this stage? + +I love this man with all my heart and know that he loves me equally, just the unexpectedness of this particular chat has me feeling a bit... uneasy, I guess - probably more to do with my own uncomfortability with discussing finances with others than anything else, although any insight here would also be appreciated. + +TL/DR - query/ offmychest vent about unexpected prenup. Any input and opinions would be greatly appreciated. +Did anybody experience this? + +A fincance broker asked me to login to a portal that apparently streamlines financial details gathering for loan approval. + +Then that portal ([https://app.financevault.com.au/](https://app.financevault.com.au/)) asked me for my bank ID and Password combination to download bank statements. + +Is this even legal? It looked like a scam to me because you cannot and should not ask anybody for their bank user ID let alone their ID and password combination! + +When I got back to confirm if its legal, they let me know that " Illion is apart of the Australian Open Banking forum and they are the same company that owns Equifax, which is used by every lender and bank to complete credit checks. " + +I found this extremely dodgy and blacklisted the finance broker and reported to scamwatch. + +If its legal, shouldnt it be made illegal? +Assuming you have one of course, few questions: + +1. How often do they come? Ie once a week biweekly monthly +2. How big is your place? Ie 3br 1800 sq feet +3. How much are you paying them? +4. How long does it take? +In my late 30s now. $2.8 MM net worth, which doesn’t include my vested - and government insured - pension from my current employer (oil &amp; gas major). Assuming I can work another 5 years at the same company, my mentality is that I will be set from age 60+ between the pension, 401k, and eventually SS. So the NW is really about bridging the gap between early retirement and age 60? Am I being too optimistic? + +Edit: assuming my expenses are $120k a year in retirement + +Assuming the pension will provide ~$75k a year for life (from age 60+). Estimating the exact amount is tough + +Edit: thank you for the very helpful feedback! Really appreciate it. +For me, I suppose I'd be happy trading full time with a personal account worth $5 million. + +Making just 3% of that a year nets you about $100K post taxes. + +How about you, friends? +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! +Part of the fun and caution around bear markets could be how low cryptos prices have gone done since the top. + +It can easily make someone think that it's both a great opportunity while simultaneously being a bit of a risk too- IE- what if I invest bit and the crypto market tanks. + +The upside can be quite big too, of the crypto market manages to go big at some point in the future. IE- you may even be able to double or triple whatever money you have now by investing in it- 'if' big bull runs are still to happen. + +How do you view the risk of crypto at this point in time? Are you certain that crypto will come back strong at some point and when do you think that might be? + + 🐮 🐻 ✌️ +Hello everyone! This is my first time actually making a post and I had been struggling with a job search for a few months and has quite a few mental breakdowns because of my husband's recent hospital bills and being behind on bills because we were both out of a job for some time. I recently tried going through a temp agency for a manufacturing position and got the job! Now to work hard and try for a permanent position down the road! Like many of you its been a struggle recently and especially because of what my husband is going through! But we are also applying and trying to receive some help on that and things are really starting to look up! I just wanted to thank everyone for sharing their stories and understanding each other's frustration. I recommend definitely giving some temp agencies a chance if you're able to! +Lurker for a long time here but a question came up and thought I would try to get some input. + +There is a 9 unit side-by-side condo building in a part of town that I am high on. All of the units are 2 bed 1 bath 1,200 SF. It's a turning neighborhood with house prices generally in the low 200s. I am finishing up a rental a few blocks away and decided to look into this building that I thought looked intriguing. A wholesaler is selling one unit ($32k), another is listed on the MLS and rented at $610/month ($70k), 3 others are owned by the city as forfeitures and the remaining 4 are owned individually but do not appear to be lived in. I feel that the two units I could acquire immediately are fairly priced and could easily be rented probably slightly below market due to so many of the units being empty/abandoned in the same building. + +Another 9-unit condo comp just sold at the end of March around the corner for $1.2M. + +I know there is risk in being able to obtain all 9. The roof definitely needs replaced and there is no HOA established. A roof of that size I would budget about $125k for. The structure is good but I would anticipate remodeling all but 1 down to the studs. + +So the question is, is there too much risk in buying them individually? In other words, should I ensure that I can get them all before getting any? +I’m closing on my first home and as it’s a multi family, I’ll be staying in the upstairs unit and renting the lower one. The upper kitchen is very dated but functional, as are the appliances. Given that it’s ultimately an investment property I’ll only be living in the house for the next 5-7 years, I don’t want to buy all high end appliances but don’t want to cheap out and have to pay for repairs more often. + +I’d like to hear some perspectives on going cheap to save cost and expensive to ensure quality and durability long-term. +Recently closed on a SFH and looking a year out when I can buy again. My debt to income ratio was a difficult enough hurdle with the first property, even counting rental income from this property I don't see how I will be able to get over the debt to income ratio requirements on my next property. + +&#x200B; + +Any tips on dealing with this situation? +Hello, + +I’ve been looking at single family houses to buy for a long term rental. I’ve put in a few offers on houses that need a fair rehab. (20k-40k). + +I’ve been outbid by others consistently. + +Anything offer that I am comfortable with ends up being way too low. + +I have low cost contractors. I could pay cash but prefer not to. Though I am not working as my own realtor though. + +I saw a house listed at 180k at 100/sqft with a good 40k rehab needed to take it to top dollar. Comps after remodel are 150/sqft. Which would put this house at 265k. + +So I offer $190k and am told they already have offers at $215 to 220k. + +How do investors make this work? How do they buy at $220k with closing costs and put $30-40k in to flip at 265k? Who puts all of that work in just to bring their final cost to market value? + +The ROI on a flip seems very poor, and the cash on cash return as a rental is also very poor. + +How are people making these work as an ongoing business? + +Is it safe to assume there is no good investment to be found on mls? Where do you find them otherwise? + + +Thanks for any input. +Can granting a loan itself be considered an investment? Because at the end of the loan, you'd end up making alot more money that what you can flipping a house, and you wouldn't bleed money while you wait for appreciation or bad market/economy to pass. When people buy houses, they end up paying more than twice what the house is worth over the length of the loan, so it would seem like a more profitable path. +I’m looking for a mentor to help me with my first 2 or 3 BRRR’s to make sure I can get my ARV over the 30% I need, as well as helping me plan the bridge loan to obtain my first property, and then to pay off that bridge loan. +I am a new trader so I only do long trades for now. Whenever I put money in a coin hoping/thinking/strategizing that it would go up, it goes down. + +Is that a curse or what? Anyway, I will take the curse to my advantage. + +Hence a new trading strategy for the cursed ones like me: Reverse Psychology Strategy + +Most of the time, market goes opposite to what I think is gonna happen so I am just gonna start doing the opposite of what I think is gonna happen. + +Think market is gonna go up? Short. + +Think market is gonna go down? Long. + +It's a joke but based on my trades so far, I would have had lot more success if I had followed this strategy, lol. +I'm currently 8 weeks in day-trading live. Weeks 1-4 were deep red for me, except for week 3 where I had a small green. Week 5 was a small red, week 6 was break-even, and week 7 was a small green. + +I think that I am making progress in improving my trades by looking at my weekly P&L. However, I am unsure if this is an actual improvement in my trades or just because of the recent bull run. My trading strategy is scalping large caps with options if that matters. + +My current goal is to bring my account back to break even, it's currently down about 40%. I'm still far from being consistently profitable. + +So my question is: For the consistently profitable traders, at what point did you consider yourself consistently profitable? Was it doubling your account? Or was it staying green for 6 months? Or was it something else? Or a combination of those things? + +Thanks for taking the effort the read and answer my question :) +Should it be a percentage of what you put in, a dollar amount? + +Also, is it best to have a stop loss at the amount you bought in for? + +I've lost quite a bit of money the past couple of days cutting my losses on a trade only to see it rebound by the end of the day or after a couple of hours. + +Thanks for you help! +Lost half my balance from day trading and swing trading and shorting, recently due to the omincron news. Any tips or advice would be awesome. I do use indicators but seems like my impatience might be the issue and i honestly can say I've been waking up late for the market recently too. Any criticism will help and I've also just been trading for like 8 months. I've fixed my sleep schedule and been paper trading recently and I'm feeling optimistic for the future but I feel that I can learn more from this subreddit. Again I any criticism or advice would be amazing, thank to all. +According to Musk's plan, Twitter's advertising revenue share will be about 90% in 2020, and he wants to reduce that share to 45% in the future. 2028 will see Twitter's annual advertising revenue reach $12 billion and paid subscription revenue reach $10 billion. Other revenues will come from businesses such as data licensing. + +　　In addition, Twitter will earn $15 million in revenue from its payments business by 2023, which will grow to about $1.3 billion by 2028. Today, the company's payments business (which includes tipping and shopping) is almost negligible. + +　　There is speculation that Musk may introduce payments for Twitter, given that he helped popularize the digital payment service PayPal. + +With all these changes, Musk expects he could raise Twitter's average revenue per user (a key metric for social media companies) from $24.83 last year to $30.22 in 2028, an increase of $5.39, according to the plan. So how will this affect the value of Tesla's stock and what are your thoughts on it? +A tale about my husband (25) and I (23). We have so far taken a slightly less traveled path. I forewent college and worked for 3 years as a waitress. My husband went to a 4 year school and then got a professional job. When we were engaged I was 21 and had a net worth of $50,000 that I somehow saved very quickly by living with my parents. At that same time my husband had no money, being freshly out of college, and had $28,000 of student debt. When I was 22 my brother died, we moved 1.5 hours away for my husband’s new job, and our wedding was 3 months away. I quit my waitressing job last June and have been a SAHW since. We love the life we are living now. I can take care of my husband, make his life easier with his demanding job, and focus on my own goals and hobbies. Our current net worth is $97,000 ($112,000 - $15,000 in student debt). My husband makes about $50,000 a year with large projected future earnings. We live frugally but we never deprive ourselves. We are in the process of closing on a $90,000 home, for which we have a 20% down payment and a 15 year loan. I have maxed my roth ira for 5 years now and my husband’s for 3 years. We have one car. + +It is unusual to be a SAHW at age 23. We don’t intend to have children for many many reasons. Most people, even close friends and family, are confused by our decision and they can’t imagine how we can afford it. Little do they know how comfortably we are affording it and still saving. We have set our priorities and we don’t spend on things that aren’t going to bring us joy. Many folks say that they would be “bored to death with no job” and I couldn’t feel more opposite. I’m a very busy body person and I’ve never felt bored! If you are bored with no job then you are essentially bored with life. There’s a million things to do with this wonderful life besides work! + +We live very different lives from our friends. We don’t enjoy partying. We are the only folks we are friends with from high school (we went to high school together) and from my husband’s college days that live in a rural (and very inexpensive) area. Most young people we know are moving across the country to a big city after college or at least a semi-metropolitan area in our state. It’s extremely normal. We love our small town living (20,000 people). + +It feels odd to take such a seemingly unblazed path as our peers but we are excitedly looking forward to our future and loving our present. + +FIRE can be an isolating journey. We are getting excited about very different aspects of life from our friends but we haven’t failed to connect with them and really enjoy our visits. + +For us, our financial journey has been a lot about focusing on what is really important to us and then striving. We don’t feel we are missing out on the fun of being in our 20’s; we simply seek enjoyment from so many ways that are cheap or free. We love the outdoors and you know what? We like being in our apartment together doing any number of activities together. + +We are on an awesome path! +I've been much more into FIRE than my wife has been, likely because I was raised a lot poor compared to how my wife was growing up. I'm a medical student, we have about 205k debt, and I still have about 6 years until I've finished school and residency making a decent income. My wife and I just maxed out our Roth IRA for the 2nd year now and we thought it was a good time to calculate how much of her salary we saved up over the last year. I was expecting her to save maybe 10-15% of her salary, but boy was I wrong. She makes about 60k a year and was able to save over 20k last year at a rate of about 32% into retirement saving! She is supporting me through school, sends her parents thousands of dollars a year to support their retirement, pays all the bills and vacations. It felt really good to know that while she may not be as obsessed as I am with the FIRE lifestyle, she still manages to save a really high amount while maintaining all her obligations. + +Hopefully when I get to residency we can push for 50% saving rate. + +Edit: Sheesh, some of these comments overly negative, don't know where it is coming from. To the people who don't understand and are reading too much into this. I am not being judgemental of my wife, I am saying that I am very proud of her. I am simply surprised that we have that much saved because it doesn't feel like it would be possible with the kind of spending I am not used to growing up. When I say she isn't into the FIRE life style I mean she buys a new car/better condo/Entertainment/clothing regularly, stuff I don't usually do because of my background. I'm pleasantly surprised to find that she is able to juggle all of this so well and save and am very proud of her. And I can't believe I have to explain this to people, but becoming a physician requires a lot of loans and going to a school which feels like 2 full time jobs and studying on top of that. And they don't really let very many people go to medical school for free. And you can't really become a doctor without a licence. + +I showed this post to my wife, she describes these comments as "toxic". It may be hard to comprehend, but marriage is about respect and trust with finance. I may not be contributing now, but she will support me until I make enough to support the both of us (She is "retiring" to freelance when I become an attending). And married people can disagree with how they spend money without being "judgemental", so stop reading between the lines what isn't there. +A lot of this information is coming second hand from my sister, so I apologize if I don't have all of the details. + +My parents both work in education and have been very bad with finances my entire life. They declared bankruptcy after taking a mortgage for a house they couldn't afford and for other tax and debt related issues. Both of them quit their jobs to focus on multi level marketing schemes shortly before this happened and are still involved with various multi level marketing schemes to this day. My dad collected his retirement early after quiting his tenured teaching position to start his own small business that eventually failed. My car and my parents cars were impounded because of unpaid debt (the title of my car is still my dad's name). My sister bailed them out by paying close to $5,000 to help settle their debt and to recover their vehicles. + +They have since both gone back into education have steady incomes, but continue to live in a large house that they rent at ~$2,000/month even though it's only my parents in the household. My sister and I have tried to convince them to downsize or move into an apartment to reduce this expense but they either can't or won't. + +A few months ago I was doing laundry at my parents house while they were both at work (my washer was broken and was being repaired) and a man incessantly knocked on their door. I didn't answer since I assumed it was a salesman and it wasn't my home. When I left I saw an IRS notice taped to their door. I didn't approach the subject with them but mentioned it to my sister to see if she knew anything and she did not. + +Fast forward to today. My sister called to update me on the IRS situation. My parents did not pay their taxes for close to 10 years. On the day of my wedding two weeks ago their accounts had been frozen. They have agreed to a payment plan with the IRS for a sum of $16,000 and have 6 months in order to repay or their accounts will be frozen again and I'm assuming their assets (cars) will be seized. My sister and I know that my parents won't be able to pay the IRS that amount in only 6 months. Not only because of their salary, but because of their expenses as well. We both feel trapped and are worried about our parents future and their ability to support themselves through retirement. My sister doesn't want to help them out because she doesn't want to enable their irresponsible behavior and become a safety net for them, and I am on the same page with her. I still want to help them, but I want them to be able to help themselves. + +We've decided to have them sit down with my brother-in-law as a neutral party to help them come up with a budget and financial plan for their future and figure out if there's a way to for them to make the payments to the IRS on their own. My sister and I will sit down with them separately to be open and upfront about our unwillingness to help them after how irresponsible they've been. + +Beyond that I have no idea what else to do. Again, they have no idea that I know and generally keep their financial problems private from me. I've worked very hard over the last few years to work out the bad financial habits that they instilled in me and I'm able to be in a steady place financially thanks to learning many habits here and through my wife, but I'm not equipped or prepared to handle this. + +What are my parents options? Should they consolidate through a tax consolidation company, or could that make them worse off? Should I offer to loan them money? + +Sorry for my rambling. Any help/advice would be greatly appreciated. + +TL;DR: Found out my parents owe the IRS $16,000 in unpaid taxes over the last ten years and I don't know what to do or if I should help them with their debt + +Edit: Thank you everyone for some much needed advice. I'm still working my way through the comments, but I think we have a solid game plan. Notably we'll be looking into a CPA or tax attorney for them (we will not be paying for those services). After my brother-in-law looks through their finances my sister and I will have a direct conversation with them. We're going to be clear that we can't, and won't, enable them to be irresponsible and that they can't rely on us to bail them out in situations like this moving forward. We'll do everything we can to help them rebuild their saving, short of giving them any money. We'll help them find a new place, or hold a garage sale, or figure out ways to cut down expenses, but in the end its their decision to finally follow that advice to recoup and succeed or to fail. + +Edit 2: We are also going to recommend a financial advisor and/or counseling after my brother-in-law sits down with them. As others have said it will be better long-term if they have a third-party helping them make decisions and to keep them on track. We'll help them create the road map, but they'll have to choose to follow it. +There’s no way around it - this qualifies as fear, uncertainty, and doubt. It should absolutely not be enough FUD to make anyone want out. But I wish we could discuss this, maybe even get some DD on the topic. + +The only answers I’ve seen to this question floating around here are: + +1. That can’t happen (no explanation why) +2. The markets would lose all credibility (and... so what? Are people going to use the Mars stock exchange instead? Are you implying it has any credibility right now after reading HoC 2?) + + +Anyway I am sure I am about to be buried in little blue arrows pointing down but I really wish we could work through this scenario. Pretty much all the DD has been confirmed up to this point, why are we scared to discuss bullshit outcomes like the government calling a mulligan, or god forbid Jim Cramer’s “just pay everyone 200 a share” + +Edit: Not going to respond to every single reply and DM, especially the weird / mean ones. And yes I'm aware there's more than the NYSE, I use london and frankfurt too, albeit infrequently. I appreciate all the well thought out replies +My grandma (93 y/o widowed) is relatively healthy and still lives alone. She wants to spend her final days/months/years in her house and adamantly refuses to go to a nursing home. She is pretty independent and who knows, she may live for another year or she may surprise us all and live for another 10. She wasn't the most responsible person financially and as a result she will soon see $0.00 in her bank account. Her only asset is her paid off house, valued at around $250k. My family has been trying to figure out ways to financially support grandma in her later years. + +I proposed the option that I would buy grandmas house well below market value and let grandma still live there for free. In my brief research, it appears this could be problematic if she needs to apply for Medicaid down the road. I suppose the other option would be to buy her house at market value and rent it back to her. I should say that I could afford to buy her house and would likely hang onto it as a rental property. + +I was wondering if anyone has any experience with a situation like this and/or could provide some insight and advice. Essentially looking for ways to financially support grandma without flat out giving her money every month as we fear she would spend \*cough gamble cough\* it all away. Thanks in advance! +Thanks to those three companies refusing to adopt segwit, the network gets more and more congested, costing each and everyone of us insane fees! + +blockchain,info is said to be responsible for the vast majority of bitcoin transactions. Coinbase and BitPay should be a close second and third. + +All of them tried to force SegWit2x down our throats without ever caring what the community and the market really wanted. They said blocksize and transaction fees are the biggest concern bitcoin has right now. + +Apparently it was all just lies to gain more power. If it really was a concern for them, why are they refusing to implement segwit? Those 3 companies alone could probably free up 30-60% of blockspace and raise the blocksize above 1.5MB but it seems they want to hurt bitcoin as much as possible, just to pump other altcoins like Ethereum and BCash. + +Brian Armstrong, the CEO of coinbase [publicly stated](https://coinjournal.net/coinbase-ceo-owns-ether-bitcoin/) that he owns more ETH than BTC. Blockchain,info never supported any altcoins but made a 180° earlier this year by supporting Ethereum and BCash as of today. BitPay got [bought by Jihan and Bitmain](https://www.cryptocoinsnews.com/bitcoin-giants-bitpay-bitmain-ink-multi-million-dollar-blockchain-agreement/) who are pumping BCash. + + +It almost seems as if they are bitter about failing to force the SegWit2x hardfork and are now giving us a big "fuck you" as a revenge! + + +It's just too perfect for him not to. +Crypto is a multi-trillion dollar opportunity upending one of the planet's core industries - rooted in finance, tech, electricity and now has a huge environmental focus . Basically everything Elon does. +These tweets are him gearing up the shareholders. +EDIT: [functionality has been extended to run as a GUI in a web browser](https://www.reddit.com/r/options/comments/gvmluu/thought_id_share_a_project_i_just_finished_3d/fswkka0?utm_source=share&utm_medium=web2x). This is great because now any plots that have been generated in a session will persist. Makes it easier to qualitatively compare different tickers, or see how one ticker evolves through time. Pretty cool stuff. I added a screen capture of it to the linked examples down below. + +I've always thought there's gotta be a better way to 'see' what's going on in the option chain than just scrolling through a wall of numbers, so I wrote a python script that plots option chain information in a 3D space ([code here](https://pastebin.com/GbfbY6eN)). + +This information includes: + +* price +* volume +* open interest +* every greek in [this](https://en.wikipedia.org/wiki/Greeks_(finance)#Formulas_for_European_option_Greeks) table (minus dual delta & dual gamma) + +When you run the code you'll be prompted for inputs in the console. The first prompt is to choose plotting mode or single option mode. + +**Single option mode** + +* calculates standard greeks & IV of an option given the usual inputs +* mostly a tool to cross check values with brokerage provided values + +**Plotting mode** + +* you'll be prompted with a series of inputs + * *ticker symbol* + * *which set of parameters to plot* + * standard set = price, volume, open interest, IV, delta, gamma, vega, theta + * nonstandard set = rho, charm, veta, color, speed, vanna, vomma, zomma + * *which price to use* + * mid price or last traded price + * *which type of options to plot* + * puts, calls, or both + * *which moneyness to plot* + * ITM, OTM, or all options + * *risk-free rate* + * *starting time to use in the time to expiration calculation* + * you can just tell it to use the current time, or specify a time (time to exp is calculated at the minute resolution btw) + * example of when you might want to specify a time: it's Sunday, the prices will be from EOD Friday, so the time to exp should be calculated from the starting point of EOD Friday +* option data is then pulled from Yahoo! Finance, and parameters are calculated & plotted in a series of 3D subplots + +[Here are some examples](https://imgur.com/a/njqZ3TS) of what you will see when the plots are generated. + +At the bottom of the examples you will see I've included a guide on how to run this for those who might not be familiar with programming. + +**Here are the (easiest IMO) steps to run this code if you want to but don't know how:** + +1. Download the [Anaconda distribution](https://www.anaconda.com/products/individual) (this is how you get python and the required packages) +2. Open the [Spyder](https://www.spyder-ide.org/) development environment (Anaconda should install it by default -- if it doesn't then just install it from within Anaconda) +3. Install the yfinance package. To do this, in the console just type in: "pip install yfinance" (without the quotes) and hit enter. +4. Paste the code into the default 'temp' file (note - if you save the code, the file has to have a .py extension) +5. Hit the green play button (or the F5 key) + +This was mainly meant to be an educational project -- both from an options and programming perspective. + +For example: + +Even though Yahoo! provides implied volatility, I still calculate it manually using a bisection algorithm. I started with Newton-Raphson for speed, but as I found out, it's really hard to make it converge for *every* deep ITM option. Bisection is technically slower but always converges given that IV is between the two initial guesses. I also thought it would be a good idea to expose myself to the higher order greeks. + +Since I'm used to creating more 'procedural' scripts, I wanted to get familiar with an 'object-oriented' programming style -- writing an 'option contract' class made things so much easier to handle. This was also good practice for handling a lot of data with complex layers. A next possible step would be making the graphs continuously update in real time, but that seems like more work that I don't want to do right now lol. + +I tried to provide good commenting and docstrings, but let me know if something is wrong. This is mainly in reference to the descriptions I gave and the formulas for the higher order greeks -- can't really validate the numbers with a brokerage like I can for the standard greeks. + +Edit: I should also add that if the [yfinance](https://github.com/ranaroussi/yfinance) package ever breaks, then this will stop working. + +Edit 2: [this](https://www.reddit.com/r/algotrading/comments/fy22fe/spy_options_trading_from_150330_pm_blue_call_red/) post was also motivating and gave me the push to start working on this + +Edit 3: should clarify not *every* single greek in the Wikipedia table is plotted, but every Greek has the formula entered into the option class, so the code can be modified to plot any of them + +Edit 4: thanks for the awards + +Edit 5: [helpful comment for Mac users](https://www.reddit.com/r/options/comments/gvmluu/thought_id_share_a_project_i_just_finished_3d/fsrbpbd?utm_medium=android_app&utm_source=share) +Just by reading the title you know what this is about. I lost money to AMC, GME. Not anywhere near people I see in WSB, but right now, I am down $1500. I know this is loose change for a lot of you and honestly, it's not an amount that's going to put me on the street or anything, but it was my summer earnings that I saved for a trip to New York and cities around (I am from Canada). + +I am a business student, currently in University and investment finance always seemed very interesting and fascinating to me. So, since Canada banned non-essential travels between US/Canada borders, I was left with vacation money which was around 3000 USD. + +Instead of putting it in a savings account, I decided to finally start investing. I was using subs like r/stocks, r/personalfinance, r/personalfinancecanada for forums and was doing my own market research (the best somebody can do with little knowledge), learning, and was super excited to finally find a sector I wanted to invest in. Renewable Energy. I invested all of my $3000 in $PLUG, $FCELL and the rest in companies that are safe like $AAPL, $WELL. It was fantastic. In just around 2 months, I made over 40% on my 3000$ capital and I was really proud of myself. I was motivated to do more research, learn more, and I felt good about myself (University grades were great, potential internships coming soon hopefully), it was just perfect. + +And then the GME, AMC thing started. So much contents, memes, to the moon post, that at one point, I completely lost my common sense, my rational part of the brain stopped working, I went from speaking like a normal person to... You know what I am talking about. My emoji recommendation changed to the rocket, diamonds, it's like I completely lost myself into a wild cocaine party full of booze and tequila marijuana smoothie with mushroom garnitures and I drank them all and decided to become a R... (As they say). + +My senses came back today morning once I finally noticed what I had actually done, and realized how much I went against all the single concepts and fundamentals I used to start trading. + +I am still holding, because well, market's closed but I seriously don't know what to do. Good companies go back up. Gamestop has nothing backing itself up except rumours of a potential short saueeze and faith of millions who went all in. + + +It's not the $3000 (net) that's bothering me, it's just that, I started out like a normal person who was doing amazing and got turned into a cult member. I am not hating into anybody of WSB, I don't even blame them. I blame my own judgement. I learnt my lesson but then again, it's not like I didn't know what I was getting into. It was mostly stupidity and greed I think. + +Any advice, any suggestion, any smack in the head, reality check would be appreciated. Sorry for the rant. This is the only sane community that deals with stocks currently. + +Edit: I would like to thank you all for all these amazing advices, for your support and for sharing your perspectives. They are interesting and motivating. I would love to reply to all of your comments but it's getting tougher and tougher with so many responses. I just want you to know, I really appreciate it and I am grateful for all these rational explanations. + +Edit 2: To all of you WallStreetBets people, who are directly attacking me personally in comments or inbox, I get your sentiment and I just want you all to know I don't hold anything against any of you. I hope it hits the moon so that I regret giving up, and you all make up your loss. I feel better even if it makes me 'weak' and 'paper handed'. +I've noticed some people on this sub talking about this stock recently (since it rose 900% in 2020), so I figured I'd share this info as a bit of a warning... from today in the Globe and Mail: + +>**AcuityAds Holdings Inc.** ([AT-T](https://www.theglobeandmail.com/investing/markets/stocks/At-t)) +> +>**Between Dec. 22-29, chairman of the board Sheldon Pollack divested a total of 100,000 shares** at an average price per share of approximately $17.11 for an account in which he has indirect ownership (Ov2 Capital Inc.). Proceeds from the sales exceeded $1.7-million. +> +>**On Dec. 22-23, co-founder, chief executive officer and director Tal Hayek sold a total of 544,510 shares** at an average price per share of approximately $16.95, trimming this particular account’s holdings to 2,322,407 shares. Proceeds totaled over $9.2-million, not including commission charges. +> +>**On Dec. 22-23, co-founder, chief business development officer, corporate secretary and director Joe Ontman sold a total of 472,963 shares** at an average price per share of approximately $19.93, leaving 2,302,894 shares in this specific account. Proceeds from the sales exceeded $9.4-million, not including trading fees. +> +>**On Dec. 22-23, co-founder and vice-president of client operations Rachel Kapcan sold a total of 467,357 shares** at an average price per share of roughly $15.15 with 1,858,513 shares remaining in this specific account. Proceeds from the sales exceeded $7-million, excluding trading fees. +> +>**Between Dec. 21 and Dec. 24, director Roger Dent divested a total of 45,000 shares** at an average price per share of roughly $18.38 for two accounts. Proceeds totaled over $827,000, excluding trading fees. +> +>**Previously, we reported that on Dec. 22, chief financial officer Jonathan Pollack sold 500,000 shares** at a price per share of $20.6904. Proceeds from this sale totaled over $10-million, not including commission charges. +> +>In 2020, the share price rallied over 900 per cent. + +[https://www.theglobeandmail.com/investing/markets/inside-the-market/article-mondays-insider-report-six-million-dollar-trades-reported-by-company/](https://www.theglobeandmail.com/investing/markets/inside-the-market/article-mondays-insider-report-six-million-dollar-trades-reported-by-company/) +Buying my first home. Was offered 2.99% for a 5 year fixed from RBC, which I believe to be fairly competitive. However, [bond yields are dropping incredibly fast right now.](https://www.bankofcanada.ca/rates/interest-rates/canadian-bonds/) + +It’s a new build and I do need to lock in within a few months. Wondering how quickly the retail banks typically take to adjust/revise their rates in the short-term? + +Any speculation as to what we might be looking at mid to later summer? + +I’m new to this. +We've had some pretty good gains in the stock the last couple of weeks and months. + +Just wondering what do you guys think about still holding these stocks? I feel like it's too early to sell, we still have to wait for airline travel to rebound to really see a huge demand spike for oil. + +What are your thoughts? + +I've been thinking of selling some of my O&G gains to get into industrial metals. +Hello! + +So after a conversation with one of my wealthy clients he had me wondering about the validity of his stance. But obviously he made it big so I figured he is at least partially right (guy is a bit odd/senile at this point so thought maybe what he is saying is not the whole story). + +&#x200B; + +I took to excel to compare the growth of the value of capital invested in rental real estate VS. the same capital invested in an investment. + +I picked the following base values: + +**Rental purchase:** + +400k purchasing price with 5% cashdown (20k) + +5% average mortgage rate + +1% average yearly increase in property value + +200$ a month goes into the property (covers maintenance and occasional vacancy months) and is adjusted for inflation over 25 years. + +Rent covers the cost of owning the house + +Rent is increased 1% yearly + +**Investment:** + +Equivalent of cashdown is invested initially (20k) + +200$ a month in added to the investment and is adjusted for inflation over 25 years + +5% average return + +&#x200B; + +It seems like the same capital investment, no matter at which point in time (provided you keep the property at least 5 years) is worth a lot more if investing in rental property. + +&#x200B; + +You can see in the picture the comparison. + +Top row is as described above. + +Bottom row is if you take any net gains from rent to pay off mortgage quicker. Net gains come from the rent increase (whereas the mortgage payments remain the same). + +Progress in time is in 5 year increments. + +&#x200B; + +Did I miss something here or is the rental a much better investment (although more time consuming and involvement required)? + +[Comparison of investment vs. mortgage at 20k investment + 200$ a month](https://i.redd.it/utvkkjssea831.png) + +&#x200B; + +[Comparison of investment vs. mortgage at 20k investment + 400$ a month](https://i.redd.it/gtn3zyt4ga831.png) +Hi everyone. I've been thinking a lot about how to try to get into a reoccurring, non-registered, investment plan. I have a "bad" habit of sitting on cash until I have about 10K, and then dumping it all in at the same time. Sometimes this works fine, but sometimes it backfires pretty badly. + +&nbsp; + +This is my current breakdown: + + +TFSA maxed, mostly in XEQT since last August + +$500 bi-monthly into a WS managed RRSP + +6% income including employer match (3/3) into a Manulife RRSP (roughly 8K/yr) + +&nbsp; + +I'm 39 and my mortgage will be paid off next year. I'm a relatively high income earner, but I'm honestly not sure how many more years I can work in my industry. My goal is a soft retirement/baristaFIRE solution within the next 5-10yrs. + +&nbsp; + +My current expenses leave me around 3K monthly that I feel like I should be doing something productive with. I'd like to make bi-monthly contributions to help DCA through the rough patches, but I'm not sure what my best options are. I think my risk tolerance for this money is pretty high, as it's over and above my regular investments, and if things become tight for whatever reason I can just suspend the contributions. + +&nbsp; + +Thoughts? YOLO into SPY/XUS? I'd prefer to not have to juggle this into individual picks because I'm not really knowledgeable or interested enough to keep on top of it. +In mid September, the SEC threatened to sue Coinbase if it launches its then planned lending product. Even though there were similar services already available, the SEC targeted Coinbase due to its size and profile to send a message. + +Cut to today and coinbase has got a hell of a message for the SEC! Come borrow a million bucks! This has made my day! + +This is the way the SEC should be treated, with the same amount of respect it shows crypto. Keep doing your thing Coinbase, you scored another fan today. + +Sources: +https://blockchain.news/news/coinbase-exchange-users-can-borrow-up-to-1m-loan-bitcoin-collateral + +https://www.thebanker.com/Banking-Regulation-Risk/Regulation/SEC-warns-Coinbase-over-proposed-yield-product?ct=true +It would seem Algorand is currently bucking the trend and seeing some green in an otherwise red few days. + +With that, it also jumped up to number 18 having held the number 21 spot a week ago. Today alone its overtaken Uniswap and Litecoin. + +It seems to be performing well during this latest crash/dip/correction or whatever you want to call it. + +It's left me feeling even more bullish on this project and got me thinking those that hold it are keeping a level head, where other investors seem to be losing theirs. + +I've never understood the need or desire to sell when there's a dip, but looks like the Algonaughts are all on the same page. + +Happy hunting, hope you've been enjoying these pre Christmas sales. Interested to know what you've been buying these past few days? +COST has gone on a ridiculous run this year, breaking out of the 300s and leaping now well into the 500s. I grabbed 10 shares when I started investing in April because I knew it was a profitable company that’s well-run with a solid loyal customer base, but never in my wildest dreams did I expect it to go on this kind of run. + +Anyone find any reasons that COST is climbing like this? Seemingly not even the September correction could slow it down (unlike in March). +**TL;DR:** Practice your art, but be sure to learn the business -- full stop. Apply your skills to where they value it. + +&#x200B; + +I enjoy reading personal FIRE stories from different walks of life, but I haven't seen many creatives tell their tale. This is a story of two lifelong creatives -- myself, 38F, 1MM, and my husband, 39M, 635K -- and our very different financial paths towards the same FIRE goal. (Yes, we are DINKs and track our finances separately, and no, this does not include home value, etc., just investments.) We're not RE yet, and of course YMMV, but I think people should know that it's possible to achieve financial security (and even RE) doing something in or related to the arts. + +Here's how it's working out for us: + +&#x200B; + +**Story 1: My own, the slow and steady tortoise.** + +I'm the typical first-gen raised by penny-pinching immigrants who instilled in me frugality and the value of education and hard work. My parents worked hard for themselves and passed on all the opportunities to their kids. Advantages out of the gate: stable home environment, upper middle-class upbringing, graduated a top state school paid for by my parents. I studied a science field with a linear career path. However, I had always wanted to be a writer, and right after graduation moved to a VHCOL city to pursue that ambition. I moved into an apartment with four roommates I found off Craigslist, lived off savings from college jobs. I swallowed my pride and started at the ground level with unpaid internships, then job-hopped up the ladder every few years. + +A few years in I wanted better compensation. I traded industries for something much more lucrative, which only lasted two years, but it taught me something critical: *I was exercising the same skill set, but applying it to an industry where they valued it and paid much more for it*. This was the a-ha moment that really helped propel my professional life forward, (and later helped my husband as well). + +After that short stint in Industry 2, I turned around and started all over again with another passion: photography. Six years later, I'm still running my own business as a photographer (consumer, not commercial), and make a reliable six-figure income. I am continuously perfecting my craft, but more importantly I invested in business education, learned how to price my work appropriately, and focused on a genre where my art is valued. Again, it was applying my skills and passion and to the right consumer who will pay me what I'm worth. + +**Additional things that helped:** + +* I lived with roommates, then made my boyfriend-turned-live-in-fiance live with roommates, until our late 30s when we both couldn't take it anymore. Living in VHCOL, splitting rent and utilities is substantial. +* I don't have very expensive tastes, and enjoy mostly lower-cost activities +* I've always maxed all retirement vehicles. My income isn't super crazy, but time in market has helped tremendously. +* No kids (yet). Family life will be a kick in the wallet for sure. + +**Numbers:** + +* Pre 2011, W2 and freelance work +* 2011-2013, all W2. Burned out and quit in 2013, traveled for 6 months to get re-centered, came back and refocused on building a new business. +* 2014-current: self-employed + +&#x200B; + +|Year|rounded EOY NW| +|:-|:-| +|2011|88K| +|2012|101K| +|2013|167K| +|2014|232K| +|2015|279K| +|2016|342K| +|2017|441K| +|2018|442K| +|2019|580K| +|2020|763K| +|2021|currently 1MM+| + +&#x200B; + +**Story 2: my husband, the fast hare.** + +My husband grew up poor and found his way out of the rural midwest via the military. After his stint, he befriended a successful art dealer and for fun, he began to create paintings. As luck would have it, this turned into a budding art career. For the next few years my husband sold art via the dealer, moved to a HCOL city, took out student loans and enrolled in community college, then an average state school. Money was feast or famine; in his best year he made 80K, but in his worst it was closer to 15K. He was never taught how to be fiscally responsible, or how lines of credit worked. Saving money was not anywhere on the radar. He accumulated student debt and credit card debt but didn't understand that paying off the minimum wouldn't get him anywhere. He leased fancy cars and traveled lavishly and bought everyone drinks when he went out. He made ends meet by renting a big apartment and then renting out individual rooms on Airbnb. + +This is about the time that I met him. He was in my city for work, and there was an immediate spark. I learned of his lack of financial savviness a few months in. This worried me, of course. Worried me so much, in fact, that I [posted](https://www.reddit.com/r/financialindependence/comments/3vijg7/advice_needed_so_with_adhd_is_practically/) in this sub 5.5 years ago asking a /r/relationships \-y question about whether I should get serious with someone who was in debt and not really money-savvy. Well, spoiler alert: we got married last year. I guess you *can* teach a financially delinquent dog new tricks, so to all the singles out there, don't rule out a good match just based on their present financial outlook. + +So how did he go from negative NW to 500K+ in 5 years? A few key things: + +1. We applied his skills and interests (art) to a lucrative industry. This was 1000% key. I don't know anything about the fine art world he was in, but it didn't appear very steady. However, creatives are needed in many industries, and we pursued opportunities in only those that were well-funded. He pivoted his practice (fine art painting) to something more marketable (digital design), and became self-taught. He moved from his HCOL city to my VHCOL in mid-2016 with a decent job offer in a well-funded industry and it's only gone up from there. +2. Following up and showing up. We utilized every avenue -- LinkedIn, Facebook industry groups, networking -- to get his foot in the door. But building personal relationships landed him his subsequent jobs at different companies in the industry, and this is where the money really multiplied. Lots of opportunities might have gone by if he hadn't maintained those relationships. +3. Reining in spending. Definitely a case-by-case thing, but early in the relationship I offered to manage his finances and he accepted, and it worked out for us. I give him major props for being so trusting. He still likes the finer things -- watches, nicer vacations, eating out, etc. -- so he'll never be frugal like I am, but he's definitely learned a lot along the way (e.g. compound interest, how credit cards work) and is much more mindful about money than when I met him. + +**Additional things that helped:** + +* After his time in the military, he collected a small monthly tax-free sum for disability incurred on the job. However, his disability rating wildly underscored his compromised quality of life, and I encouraged/nagged him to go back to the VA and get re-evaluated. Over the next few years it was a bunch of back-and-forth, but eventually he had his disability rating boosted much higher and now collects a much greater monthly sum. + +**Numbers:** + +* 2015, freelance artist/Airbnb landlord +* mid-2016, W2 +* 2017 onward, W2 and freelance work + +&#x200B; + +|Year|rounded EOY NW| +|:-|:-| +|2015|\-39K| +|2016|\-32K| +|2017|75K| +|2018|193K| +|2019|340K| +|2020|487K| +|2021|currently 635K+| + +&#x200B; + +**The takeaway:** + +Treat your art as a business, whether it's working for yourself or working for the man. Keep investing in business education. Broaden your skillset so you can pivot/expand. Build relationships, and keep looking for the next opportunity. +If I wanted an annuity to pay me $3000/month how much lump sum would it cost? Am late 50's, no meds, no alcohol, non-smoker, work out three four times a week, height/weight proportionate. Big fan of Jon Krakauer. +Me and my fiancé (both 23) have been assessing our options regarding moving out, as unsurprisingly living with family is driving us insane. + +We both make meh money, nothing special, approx 50k between us. My fiance has only just finished Uni so she has almost no credit history. Personally, I have a very good credit history. + +Unsurprisingly when we've looked for quotes with banks for mortgages we are only being offered absolute max of 100k. + +Obviously this isn't enough to buy any sort of reasonable property, and we need more time to build savings for a larger deposit and build my partner's credit report. + +We are considering buying a narrowboat to live on for now, and taking it on as a semi project, make improvements to the boat so that in a few years when a mortgage is more likely, it has hopefully not depreciated a HUGE amount and we can recoup some money as opposed to if we rent. + +What would the best way to finance an approx 20k boat? +Would it be wise to take a personal loan out? +Would securing the debt against the boat be better? +Would a different form of finance potentially save us on interest? + +If anyone has any general advice for purchasing a narrowboat then I'd love to hear it too! + +Thanks in advance for any help :) +I have heard this floated about constantly and it just isn't adding up my in my head, I must be missing something. + +I constantly hear people say 'the first few years will mainly be paying off interest' + +My understanding is if I have a monthly repayment of £800 then £500 would go into equity and £300 on interest and this would happen every month at the same amount until the end of the mortgage (These are completed fabricated and inaccurate figures, just using for example) + +Why would the first few years be paying off interest? + +Does this mean if I sell after 3 years, that there will be little to no equity paid off and my money will have all just been paid on interest and the amount owed on the mortgage would be pretty much the same? + +Thanks for your help. +Do you think we are actually retarded? + +Firstly you announce today that the shorts are not actually covered contrary to what mainstream media is shoving down everyone’s throat. + +Then you announce that in the space of 6 hours the shorts have covered down to 30 mil on a Sunday with no data mentioned at all after a massive “unexpected delay” + + +Stop trying to spead fear it won’t work. You are using the same tactics as the 🏳️‍🌈🍋 + +You reported yourself that on the 28th there was still 58 million in short interest. If thats correct 30 mil was covered on Friday when the overall volume for the day was 50million lol + + +Edit 1/ The other thing is due to the fact $gme is such a big deal right now why would you publish premature results that you admit yourself are just “suggesting” the short interest has halved. Wouldn’t you actually want to be confident and wait for all the data to be collected which you say won’t be finalised until tomorrow so the results may be more accurate. + +Edit 2/ Thank you for awards but buy $gme instead! + +Edit 3/ For paid customers who use the platform the short interest is still showing 100%. Either the announcement is wrong or the product doesn’t work. + + +Disclaimer I am not a financial advisor so literally ignore everything I say, I am retarded. +[https://www.bbc.co.uk/news/business-45559456](https://www.bbc.co.uk/news/business-45559456) + +&#x200B; + +Often a common topic of discussion on here and I thought some might find it interesting. Especially when talking about London affordability and someone on this sub was asking the other day what %age of rent do they put towards rent. In the article it says: + +&#x200B; + +"In London, a 20-something with a typical average income would spend 55% of their monthly earnings on a mid-range one-bedroom flat. Housing charity Shelter considers any more than 50% as "extremely unaffordable". "! +We aren't the little guy as they say we are, together we are them. That is "the little guy" whose money they gamble with. It is "the little guy" whose shares they use to short. It is "the little guy" who defines their future based off of who we tell about whether or not we are satisfied consumers. It is the "little guy" who votes for the politicians who protect them in their white collar crime binge after being deceived by advertisements over information. Now it changes and we will realize who dumb money really is and that the little guy runs the show. + +Imagine if we told everyone we knew how fucked they are, if they saw the truth through the lies that MSM tells to make the headlines. Imagine if people realized that 401ks, pensions and any security bought through them was lent out for to make the broker a revenue in returns while ruining the security and using **their** 401k as collateral for a bailout. Imagine if boomers, gen x, gen y, zoomers and millennials realized the older generations had it right not trusting banks. + +The little guys would run the show, [exponential decay](https://www.cuemath.com/exponential-decay-formula/) would take place just as it seems to be with the Federal Reserve's unrealized [gains/losses](https://www.federalreserve.gov/econres/notes/feds-notes/fig5-3174.png) along with [bonds](https://www.ustreasuryyieldcurve.com/). I'm sure the SEC and institutions are praying we don't wake up and remember history telling everyone we know, *"Those who cannot remember the past are condemned to repeat it." -George Santayana.* This statement goes both ways, this is clearly [the roaring 20s](https://www.pbs.org/fmc/timeline/estockmktcrash.htm) with GameStop to be a [golden age](https://en.wikipedia.org/wiki/Golden_Age). The only way to stop inflation, is deflation, even they know that our money isn't enough to deflate, it takes a [sacrificial lamb](https://www.dailymail.co.uk/news/article-2962885/Billionaire-Ken-Griffin-accused-throwing-bedpost-wife-Anne-Dias-Chicago-argument.html). + +Without us, they are nothing, with us as enemies, their future is fucked and their system will be revealed as the monarchy it really is. There would be no leverage, the white collar criminals of wall street (Citadel Securities LLC) would be powerless as "the little guy" uses democracy to vote out the politicians who keep their corrupt games in play (this is the single biggest threat hence the reason they [spent the most ever in history for this years ad campaign](https://www.cnbc.com/2022/09/26/2022-midterms-candidates-spend-over-6point4-billion-on-ads-making-race-one-of-the-most-expensive-ever.html)). + +Gamestop is the single biggest threat because it got involved with politics, it got involved with MSM and the public, it got involved in their short positions with the potential to face unlimited losses, it got involved in their leverage direct registering shares removing their abusive short selling volume. Together HODLing and DRSing GME, hedgies r fuk. RC was right when he said "[The best time to be alive in human history is now](https://twitter.com/ryancohen/status/1552456736870928384?s=20&t=rsn9TjkvAXrTVePKvsyfLw)." We have information at our disposal with international unity around the corner. Fool me once, shame on me, fool me twice, I wont be fooled again, they got away with it the first time since it was over a lifetime ago and great grandma looked crazy not trusting banks, but twice in a lifetime the world will wake up. They hold their bailout which isn't large enough for infinite losses, the "too big to fail" statement is about to bite them in the ass since GameStop is too big to fail. + +PSA: Just to address an elephant in the room, try not to grow impatient with new guys about DRS, we were in their shoes a bit over a year ago and not all are shills. It only takes 4 things, [this chart](https://www.computershare.com/PublishingImages/company-share-structure.jpg), [this instance](https://www.bloomberg.com/opinion/articles/2017-02-17/dole-food-had-too-many-shares) where being a beneficial owner was a disadvantage, a professional opinion from former [DTC](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) member [Susanne Trimbath](https://twitter.com/SusanneTrimbath?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor), and showing them [who is on the DTCC](https://www.dtcc.com/about/leadership/management-committee). If they are visual learners, show them [Jon Stewart](https://youtu.be/bP74RBTE8kI), if they have free time, "[The Wall Street Conspiracy](https://archive.org/details/videoplayback_20210423)" is a great movie. A number of community members have done deep research that has played out past to present so the [DD Library](https://fliphtml5.com/bookcase/kosyg) makes the perfect roadmap. Facts over feeling, knowledge is power, it's our greatest weapon as individual investors and the reason we all are here investing in GameStop. If they deny it after that just report them for brigading since the intentions are clear. I hope you all have/had a fun and safe weekend, [hedge funds did not](https://nypost.com/2022/10/21/custom-35m-pennsylvania-compound-has-sold-for-9-26m/). +IMPORTANT: Reposted because the title was wrong and it got taken down because "there are already 3 posts on the top 50 related to ADA", like WTF this has nothing to do with ADA + +There was a post trending just before I went to sleep, it claimed that Britney Spears had been using BTC to hide purchases from her father. This is really unlikely. Here's why: + + +1. She never explicitly talked about crypto or even BTC in any public interview or the podcast + + +2. This is just speculation based on the next episode of the podcast. There has literally been no confirmation of those that run it + +3. All this news come from crypto newspapers, they will only give hopium and bullish news because that's what gets them visibility, but they won't fact check + +4. Probably there is a hidden reason behind this, someone may be using this fakes news to pump the price (if hedge funds do it with negative stories to short, why not positive stories to pump the price and sell high) + +I know the story seems cool and it would be great if it actually happened but it seems really really unlikely to be true, as a sub we must do better to keep good content + +The only news I found on the internet were all crypto websites, no real newspaper like Washington Post, Bloomberg etc took the story. This are the guys that fact check their stories and that's why there has been no mass media coverage + +Edit: Also I think it's very unlikely because for those that wanted to buy/use BTC back in 2014-2015 and even 2016 you had to be know a lot (be submerged if you want) into computing and most exchanges/sites were either sketchy as hell or a scam + +* I was going to list my sources but the post gets taken down because they are sketchy as hell (as this whole story is) +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I've seen a lot of posts about which states are best for FIRE. I made a table to answer this question for myself. Rather than keeping it to myself I thought others might find it useful: https://drive.google.com/file/d/0B85IHwoTwjlSR3ZrR0ZIamphX2ZYS1hFZGtXUmhDWnpDdFpZ/view?usp=drivesdk + +The first column ranks the states by tax load for the median family in that state (so it accounts for cost of living in a sense). The second column is the state tax load for the US median family; 55k/180k/20k for their income/house/car. This shows that some states known for "high taxes," such as California, are actually quite inexpensive if you can live there on 55k. These rankings are from wallethub. + +The fourth and fifth columns represent tIRA and Roth IRA protections. Green is good (protected by state law), red is bad (IRA not protected from creditors under state law), and orange means maybe. Some states only exempt IRA assets "necessary for support," whatever that means, while others may not protect IRA assets if you're convicted of a felony. You'll have to check into your specific state law if you want more detail. I pulled these from irafinancialgroup + +The next column, "HE," is for the homestead exemption. I color coded them as follows: +Homestead exemption for assets/property up to 75k: Red +Homestead exemption for assets/property up to 150k: Orange +Homestead exemption for assets/property up to 225k: Yellow +Homestead exemption for assets/property above 225: Green + +This varies a bit state to state as well of course. Some states allow married couples to double the exemption, while others do not. Some states give a higher homestead exemption to seniors or the disabled. + +The next three columns represent taxation; the marginal rate for a median family (MR), the sales tax, and the property tax. As before, green is best, then yellow, then orange, and red is the worst (highest tax). The income tax information isn't as useful because it's effective tax rate that matters, not the marginal rate, but I couldn't find the former. + +The final colum represents the cost of living for a particular state. + +Overall I think it's best to look at this and get a general idea which states jive with your FIRE goals. I've identified four states where I might like to move based on this information (Montana, Colorado, New Hampshire, and Alaska). The wife and I will visit these states over the next five years or so (I've already been to Colorado twice and loved it). + +Looking at these I've come up with a few thoughts. + +1. A FIRE couple living in a small house in Montana might be the most tax efficient approach. The asset protections are so great that if you were living in a small paid off house you might be able to dump umbrella insurance and homeowners insurance (if most of your assets were in 401ks and IRAs). I'd have to check with a lawyer, but if IRAs and the homestead are exempted from creditors it seems like you could do without the liability protection provided by homeowners and umbrella insurance, which would save some money. The situation appears similar in Nevada, Florida, Oklahoma, and some other states. + +2. I'm never moving to Nebraska. High taxes, they don't protect Roth IRAs at all, tIRAs are only sort of protected, and the homestead exemption is only 60k; but the cost of living is low! + +3. Check your state laws for specifics. The Florida homestead exemption does not apply to those convicted of securities fraud (after outrage over Worldcom execs who protected their money by purchasing huge estates in Florida). Colorado won't protect your IRA if it's used to pay someone you committed a violent felony against. Some states allow higher homestead exemptions for livestock. The state laws are wacky, and it's impossible to capture all the nuance in a color coded chart. + +Edit: To clarify a few things: +I'm halfway through my accumulation phase (~30-35% FI), I made this to investigate where I might like to live in the next seven years and post-FIRE. I included income tax rates because I expect a fair bit of phantom income from the Roth conversion ladder. The point about health insurance cost and availability is a good one -- I haven't collected any data on that subject. The green/yellow/orange/red colors on taxes represent approximately 0-2%, 2-4%, 4-6%, and 6+%. +Source: +https://www.coindesk.com/facebook-to-senators-libra-cryptocurrency-will-respect-consumer-privacy + +Quote: +*Moreover, because the Facebook Payments, Inc. subsidiary processes these transactions, Facebook itself does not have access to any payment credentials information, though* ***it [i.e. Facebook itself] does[!!] collect other information*** *affiliated with a transaction,* ***such as the merchant, the transaction amount, the date and time and the purchased good.*** + +# In other words: Facebook will (not only "can" but WILL) completely know about all purchasing details, people will be fully transparent to facebook! # + +I can't believe that this doesn't cause any outrage. Even the article above is just stating this amongst lots of other text, without any highlighting or special commenting - so it can easily be overseen. + +That's why we'll need Bitcoin. + +------- + +*Edit: The amount of clueless naive responses here shows how nice this will be for facebook.* +Title kinda says it all, but to add - I have thought about this a fair bit and can’t wrap my head around it. + +In Australia, with so many of us on variable or short term fixed, the effect is obvious. + +But in the US the effect seems much weaker. + +What am I missing? + +Edit: I am talking with regard to impacting on aggravate demand and inflation, not house prices +In another thread I noticed people discussing about an OP who was living in an area that is over 30 minutes away from the CBD and saying that its too far of a commute for them (more to do with locational distance etc rather than time I would think). +It got me wondering, what are Ausfinance's typical commute times for most people? + +I'll put mine out there, I live in an inner city suburb, but commute 40 mins door to door to get to work and have always been pretty happy with that. + +Whats your usual commute? +Howdy code-cracking apes, between banana and banana, some apes have spent the last hours in the sub and the discord looking deep into the rabbit-hole that Gamestop devs have laid in front of us trying to find the end of this maze. For those out of the loop, check these two posts to get up to speed on Day 1: + +First findings: [https://www.reddit.com/r/Superstonk/comments/vxh4o5/power\_to\_the\_puzzlers/](https://www.reddit.com/r/Superstonk/comments/vxh4o5/power_to_the_puzzlers/) + +Video of the secrets: [https://www.reddit.com/r/Superstonk/comments/vxhq8t/the\_rabbit\_hole\_continues\_the\_official\_nft\_links/](https://www.reddit.com/r/Superstonk/comments/vxhq8t/the_rabbit_hole_continues_the_official_nft_links/) + +I thought on posting an update for Day 2, to ensure we start the date with the same level of information and we all row on the same direction. + +# The NFT + +https://preview.redd.it/pgcdqui9jbb91.png?width=1332&format=png&auto=webp&s=b6d0f8536b39363e8fe2b2a4200090436cec86cb + +The NFT link can be found here: [https://nft.gamestop.com/collection/releases](https://nft.gamestop.com/collection/releases). It is a commemorative arcade NFT that allows you to play a space game on it. It includes the names of all the developers involved on the marketplace and the artist is **nftspike**. + +NFTs are minted from files that are hosted on IPFS (mypinata). From the links on the IPFS you can access all the files that are used to render the NFT, however, additional files can be added to that folder. + +[Folder files](https://preview.redd.it/44jum2ir7bb91.png?width=415&format=png&auto=webp&s=8e82a33ce084b3e15adc5f7b55723c92a655a52c) + +To access each of these, you need to use the IPFS link and add an '/' and the name of the file. For example, to access the source code of the NFT, you can go to [https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/main.40489994.js](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/main.40489994.js) + +&#x200B; + +Here is where we start diving deep into the rabbit hole. If you access the [secrets.txt](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/secrets.txt) file you see this: + +https://preview.redd.it/ayfl13ea8bb91.png?width=809&format=png&auto=webp&s=a847356588d963456ca345bdb033b48ffb109a4c + +While if you access [/data](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/data), you're lead to the picture of the rug (more on that later) + +# Skull and bones + +The skull shows us quite some leads. At the bottom of the file, one can read '**Well, all information looks like noise until you break the code. - Neal Stephenson** + +**S29uYW1pIGNvZGU='** + +&#x200B; + +[Base 64](https://preview.redd.it/uz76eivq8bb91.png?width=1328&format=png&auto=webp&s=bbd00f0a846952e70e5b0ee659c068dab9c07e62) + +As we can see on the only line starting with a #, the encoding is base 64 we also see S2VlcCBsb29raW5n. Decoded we have + +* **S29uYW1pIGNvZGU=** Konami code +* **S2VlcCBsb29raW5n** Keep looking + +As we can see on the posts from yesterday, using the konami code on the game will lead to 2 screens, the first one being a rocket and the second one another skull + +Seems the skull is hiding some more codes, but so far we have been unable to find new leads from there. You can see that a lot of the letters are re-used and it seems that there's some mirroring between the lines with the exception of some random characters in between. + +https://preview.redd.it/gi8qnyhm9bb91.png?width=956&format=png&auto=webp&s=9f742fdc5a23a7063e640d518997a113e129596f + +# Enter Glitchy + +Other thing we can see on these lines is that there seems to be a signature. GL1TCHY &#71. + +&#x200B; + +https://preview.redd.it/kseamgly9bb91.png?width=330&format=png&auto=webp&s=e24f096bc56f28bbd544434970db00fbf7a5f187 + +&#71 is the Unicode Decimal Code for the letter G. This would mean that we're looking for a GlitchyG. Could this be the same GlitchyG [https://nft.gamestop.com/user/glitchyg](https://nft.gamestop.com/user/glitchyg) that is a Marketplace creator, owns an official GamestopNFT and has [60 Glitched skulls pending delivery](https://nft.gamestop.com/token/0xd8E8C807E4b33ABFdE1eB514E798f700CA4E361B/0x2b8e076727094e7524aaba0512646ce29727d8d2f3c096a5b1bb5e4d40b2e363)? + +It does look like it. What does this NFT say? + +&#x200B; + +https://preview.redd.it/uoir9tofabb91.png?width=539&format=png&auto=webp&s=d2fb6ef3a376c3d9365c8dcffb0d83368d8d75d4 + +"CLAIM what is yours". Remember this, we may need it later. + +If this is not proof enough that Glitchy is a big piece of this, some wrinkled apes were able to dive into the asset used to render the final skull on the Gamestop NFT, and it seems that skull is signed by Glitchy himself: + +&#x200B; + +https://preview.redd.it/ehwxr93qabb91.png?width=1006&format=png&auto=webp&s=7a3435a9fb039b31f5e5b9762c35696cc12a81d9 + +What else do we know about Glitchy? Well we know that this is not the first NFT treasure hunt he hosted. We can see there was a previous edition hosted on the Loopring discord where no one other than Mat Finestone cracked the final code. We can see the NFT on Matt's profile [here](https://nft.gamestop.com/user/matt01). + +Notice that the NFT shows PG, which is also showing on the skull's cypher. Remember PGP, we'll touch on that later. + +**~~Where does this lead us?~~** + +~~Seems that edition of the treasure hunt with Glitchy used a dApp (~~[~~https://app.digitalfragments.io~~](https://app.digitalfragments.io)~~) to claim the NFT. There's an old password that can be used to access but it seems that it is already claimed. MAYBE, there's a new password set for apes so that they can CLAIM what is ours.~~ + +It has been confirmed that DitialFragments is going offline, so it seams that it was a wrong lead all along. + +Anyways, I am digressing here, let me get back on track. + +# Jordan Holberg's Feet + +Going back to the IPFS files, there's a hidden file called foot.txt. This foot seems to use the same rendering than the final skull, however, without any hidden code besides JORDAN written vertically:[https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/foot.txt](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/foot.txt) + +https://preview.redd.it/4id4r10aibb91.png?width=1432&format=png&auto=webp&s=913d595860ae5b2d796617775d10b16c20c5f345 + +Can we confirm it's Jordan's foot? Yes, see this tweet right here: + +[https://twitter.com/eviljordan/status/1518446829452636162](https://twitter.com/eviljordan/status/1518446829452636162) + +https://preview.redd.it/aub7ssjcibb91.png?width=1176&format=png&auto=webp&s=d1d0d2b95294e8cfdd765c3ef7becf93eae41040 + +At some point of our digging, we found out that the date of May 12th may have been relevant/ What was Jordan up to that day? Yes, more feet pic + +&#x200B; + +https://preview.redd.it/hna3zswtbbb91.png?width=386&format=png&auto=webp&s=168afeea22d3013a681d576f64f40e136e98821d + +Also a [weird tweet](https://twitter.com/eviljordan/status/1524537065009991680?s=20&t=Uqq2HtYEXUeXlhlmjnG3yQ) where Spike (the creator of the arcade NFT) replied: + +&#x200B; + +https://preview.redd.it/lk1x5aqzbbb91.png?width=323&format=png&auto=webp&s=27e4488428b29f487dbf389fd590d2a79ba9e72d + +How does this tie all together? It doesn't, at least not just yet. + +# And what about the rug? + +&#x200B; + +https://preview.redd.it/ga7j4y0jcbb91.png?width=375&format=png&auto=webp&s=8fe5fcba8ffce5af61b58ae919462aab4434c451 + +Okay, okay. Time to talk about the rug. We did a deepdive into the javascript code of the NFT and we noticed that there are several mentions to the rug. Specifically, it looks like the rug is an additional state within the game + +By looking at the code, we can see that the rug state is only triggered when the game is played on a specific date, that is April 7th (7.4 or 4.7). You can see that in motion here: + +[https://www.reddit.com/r/Superstonk/comments/vxtwva/another\_easter\_egg\_drs/](https://www.reddit.com/r/Superstonk/comments/vxtwva/another_easter_egg_drs/) + +&#x200B; + +https://preview.redd.it/a2apuujombb91.png?width=1014&format=png&auto=webp&s=1378c29e0f9151c53a7af03c5c6b992506356d63 + +What is with this rug, and why is only appearing on this specific date? We don't know... but wait, there's more to the rug. + +The IPFS folder has a file which shows all of the [licenses](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/licenses.txt) being used. There you can see the original image of the rug. There's also the license to some moon landing assets which seem to be used to render this other [easter egg showing the moon landing](https://www.reddit.com/r/Superstonk/comments/vxlehp/what_is_this_image_hidden_inside_the_gamestop_nft/). + +When you download both the original image of the rug and the NFT version and put them through some software to extract the data, the NFT image seems to have more data, even including some PGP keys. See the Zsteg section on the NFT link: + +&#x200B; + +* Original rug image data: [https://aperisolve.fr/107ea70b4a7319cc48b66fafa175493a](https://aperisolve.fr/107ea70b4a7319cc48b66fafa175493a) +* NFT rug image data: [https://aperisolve.fr/2c7c216ec207730702154ba46b5c7356](https://aperisolve.fr/2c7c216ec207730702154ba46b5c7356) + +Disregard the passwords showing on the NFT page as they are unsuccessful tries from other apes. + +Here you can find the Zsteg file showing the keys, still uncracked: [https://pastebin.com/raw/ehKUexvR](https://pastebin.com/raw/ehKUexvR) + +Maybe unrelated we know that Spike, the creator of the game does have some fascination for rugs. We can see here a recent tweet about rugs: + +[https://twitter.com/nftspike/status/1538288525640142849?s=20&t=YBtfga7RISS6k5WRhLFxfA](https://twitter.com/nftspike/status/1538288525640142849?s=20&t=YBtfga7RISS6k5WRhLFxfA) + +Also, he has his own NFT rug collection and presents himself as the OG Rugmaster on his profile: [https://nft.gamestop.com/user/spike](https://nft.gamestop.com/user/spike) + +# Steps forward + +Seems we're currently at a cross-roads and we need more eyes and wrinkles on this. Seems the secrets revolve around the Skull's code, the rug's Zsteg data and the final password to access the Digital Fragments dApp. It may also be that these are wrong leads and there's no connection between these. + +Leads to look into: + +\- Skull's full code + +\- Secrets within the rug image + +\- Significance around the April 4th date + +\- Connections to the moon landing + +\-..... + +Hope this post helps everyone start looking into these open threads and we get to the bottom of this. Good luck everyone. + +POWER TO THE PUZZLERS + +Addendum: + +Kudos to the apes that got to the endgame with and without cheats: + +* Winning without cheats: [https://www.reddit.com/r/Superstonk/comments/vxkubk/got\_to\_42069\_wo\_using\_the\_konami\_godmode\_code\_rip/](https://www.reddit.com/r/Superstonk/comments/vxkubk/got_to_42069_wo_using_the_konami_godmode_code_rip/) +* Wining game with cheats [https://www.reddit.com/r/Superstonk/comments/vxjfw3/i\_got\_to\_a\_score\_of\_42069\_after\_entering\_the/](https://www.reddit.com/r/Superstonk/comments/vxjfw3/i_got_to_a_score_of_42069_after_entering_the/) \- + +Find here also all the dev quotes and information: [https://www.reddit.com/r/Superstonk/comments/vxm76g/nft\_game\_puzzleplayed\_the\_players\_collected\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vxm76g/nft_game_puzzleplayed_the_players_collected_the/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Finally, some tips on how to resolve Hard Mode puzzles: [https://wiki.thepuzzlegang.com/en/resources/hard-mode](https://wiki.thepuzzlegang.com/en/resources/hard-mode) + +&#x200B; + +Edit 1: Some of the patterns on the skull dissected: + +https://preview.redd.it/4fu884xv0cb91.png?width=1155&format=png&auto=webp&s=964bf806d997ee6f5656e3cbaefb1a2a22625e68 + +https://preview.redd.it/hq7vnuuz0cb91.png?width=916&format=png&auto=webp&s=dbefd786dd9e9e29acfd4d5a2c59462e85417ea9 + +&#x200B; +I’m moving out for the first time (UK) to a new place five hours away, for a new job that’s mostly work from home (at least for the next 6 months). I’ve made a budget, which is below, and calculated that after bills, entertainment, ect. I’ll have £300 left over…is that decent, or will I struggle? First time since university living on my own so not sure if it’s realistic. + +My income is £1,330. +Rent: £450 +Council tax: £81.98 +Water bill: £34.91 +Electricity: £66.00 +Wifi: £25.00 +Groceries: £125.00 +Car tax: £13.56 +Car insurance: £25.04 +Car fuel: £80.00 +Phone bill: £60.00 +Entertainment: £50.00 +Gym: £18.00 + +So that’s £1,029.49 on expenses, with £300.50 left over. + +Should I be looking for somewhere cheaper or is this something that’s affordable? + +EDIT: Wow, thank you everyone so much for your feedback. I didn't expect to have so many responses. Also thank you to whoever award the post Silver Award! + +Some general responses: I'm going to revaluate the water and electricity bill based on feedback. These were taken from national averages as I've not moved out yet. The phone bill I agree with you all on, but that can't be changed as I'm on a contract so it will be a painful wait until I can downgrade. I'll definitely start working on adding to my emergency fund. + +I know my salary is minimum wage, and a few have told me to find a better job. That's not possible, I'm entry level in a new field and only have Certificate of Higher Education, not a Degree. I'm hoping that I gain experience and skills through my role and will be able to develop my career and wage over time. I guess I will have to make some sacrifices and live frugally until then! +About to lose half my income + +I am 22 and live with my fiancé in an apartment 1 mile away from job #1. I make a little over 33k a year (30k base with commissions that equal roughly $250-350 a week). I also on the weekends work at job #2 where I have worked since I was 16. I work probably 18 hrs a week there yet get paid for a full 40 (27k plus about $100 in tips weekly). I have worked 7 days a week since February and it has allowed me to continue functioning at my high savings rate even after moving out in February. + +My monthly expenses are as follows (fiancé and I split rent, electric, groceries, and internet) + +$622.50 rent/water +$40 internet/cable +$30-45 electricity +$50 gas +$30 Subscriptions +$150-200 groceries +$50 eating out + + +I have no debts as I paid for my college out of pocket and I do not have a car payment or credit card debt. + +We may need to close the job 2 soon because a part of our land we have been leasing in a month to month basis has been sold. We may be able to re configure everything and open back up in a few months (my hope is this happens) but the jury is still out. + +Im not sure what my best course of action is after we eventually close up shop. Half of my income will be lost and I will be stuck with a job I do not love (I work with a good friend, and my boss is a friends Dad so he is awesome). + +Should I find a job that pays more with a bigger chance of growth? Should I stay at job #1 and hope I can move up through this company? My degree is in Finance and I think I eventually want to get my masters but I don’t even know what I want to do with my life... + +Also I have $35K in the bank Just chilling and I am too scared I am going lose my job to do anything with it. As a finance major it kills me everyday know the money I am losing by not putting it in some sort of investment ave. + +My fiancé and I are planning on buying a house/condo/townhome after our lease is up. + +I just need financial and life guidance... + + +I'm really struggling with saving. I get easily discouraged since I don't see the money adding up fast enough. I keep having emergencies where I have to fix my car, or my child gets sick, or something breaks and need repairs. I almost feel like I cant stay "up". Can you speak to me from experience? Thanks. +Several years ago this sub, along with countless hours of research and education, helped me learn how to budget and become more confident with my finances. As a very frugal and goal oriented person, saving up for both an amazing ring and wedding was a huge accomplishment for my wife and I, and we could not be happier with our lives the past few years. Now, with a baby on the way, and both of us entering our late twenties, we, especially myself, are lacking a sense of direction. + +We currently are renting in an area we absolutely love (though it's quite expensive, WA State), and will be here for about 3 more years until our landlords (family friends) return from out of state to remodel our place for their own growing family. I also have a job I love, I legitimately enjoy going to work and I'm bringing in about 50k annually pre tax. My wife works from home practically full time and brings in about 55k pre tax. She's fine with her job, doesn't love it, doesn't hate it. + +We have some nice things...nice tv, gaming consoles, a barista machine, a crazy but loveable young dog, a home gym, and lots of quality kitchen items (we both LOVE food) sounds great right? Then why am I feeling so unsure about the future? As I said, both of us are super goal oriented, and I think due to so many variables in the future, we just feel lost on what to save for and in what order. + +We'd like a truck as we are both interested in camping, and it would be much safer than our outdated current vehicles. However we also need to save for a house. But with the market the way it is, should we just continue to rent? Also how much per month should we allocate for the baby? How much vehicle can we afford? With the truck market the way it is, should we just get another sedan, or forgo getting a new vehicle at all? My wife's parents are both recently retired and would likely help with a lot of the child expenses and potentially help a little with a house down payment as well. My parents on the other hand do not have hardly anything saved for retirement, is that going to play a factor in the future of our finances? + +**I guess I'm just looking for any sort of advice about a general plan to have with a baby on the way, or any tips or success stories on how to correctly navigate so many financial variables.** + +Here are some numbers: + +Savings account - 10k + +Roth IRA - 8k + +Emergency fund - 8k + +Stocks/ETFS - 23.5k + +Crypto - 2.5k + +Student loan debt remaining (not currently paying) - 20k + +Both have credit scores between 700-800 + +**TL;DR: How much should we budget for a baby? Can we afford a truck? Should we be more aggressive in saving for a house in 3 years? Is my asset allocation too risky/not risky enough? Should we just pay off the student loans even if there's a small chance they get at least partially erased?** +Sorry for the long title, can anyone explain it to me like I'm five why China's economy is dropping it like it's hot? What are the core problems? I hear phrases like circuit breaker policy, and the government is artificially keeping their stock alive but I don't really understand it. What is happening? As a followup, can anyone explain how this connects to the problems with the American stock market in the last couple of days. +I feel like I have only a very basic grasp on financing, investing, and just the economy in general. + +The subject was merely glossed over in high school and in college I only had to take one class and even that was mostly history of economics. + +I have an alarming amount of questions when it comes to the world of stocks and I find myself more and more interested in investing. + +Where should I start? I assume I need a strong foundation of knowledge about how the US market functions in general before I even consider investing, and there are so many thousands of websites and books claiming to have the best system of learning the free market that I can't tell who would be a reliable outlet! +For anyone that might not remember, RC has used his twitter account several different ways to communicate 741 to us. One of them has been the amount of tweets per month. I think he is doing it again. If you only count actual tweets and not replies, he tweeted 7 times in July. So far in August we have only received three tweets. If I am correct, we will get one more tweet in August to equal 4, and then 1 tweet in September. + +I wonder what the next two will be? + +Oh man I hope its about poop! + +Edit: Well,[it wasn’t poop.](https://twitter.com/ryancohen/status/1562562015201488896?s=21&t=VFB-ZbQbmBXuRWMVu1ihHw) + +Let’s see if we get anymore this month. +The token is already a week old, its a perfect BSC token to invest. They have healthy growth, not a pump and dump group. I was chilling in tg before investing, devs and mods are always around, active and hard working guys. Liquidity locked, evidence of them developing an app is on their twitter. + +In favor of putting something out here that isn't just another shill template, I can tell you that over the past two weeks I've invested big, early in AstroPup, Saturna, and Bonfire with this exact same formula and earned big on all of them. Pump in a couple BNB now, $40,000 USD+ a day or two later 🍊👍 + +Key info: 🍊Telegram: https://t.me/OrangeBSC Join this awesome community! 🍊Website: https://orange-token.website/ 🍊Pancake (V2): https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xacab3ee32aacdbc745667fb261ed7af1de5c5ecd + +➥ 1,000,000,000,000,000 Supply | 60% Burn |Small Dev Wallet | Rest to PancakeSwap | Fair Launch ➥ 5% Redistribution to holders | 5% Redistribution into pool and auto burnt! DYOR as always +**🛡 ANNOUNCEMENT OF RECENT DEVELOPMENTS 🛡** + +**With a well-defined token utility, responsive team of developers/admins, and dedicated marketing plan, the** [**Shield Network**](https://www.shieldnetwork.io/) **($SHILD) project has seen inspiring growth. The project has everything in the making to become the most valuable Binance Smart Chain projects in 2021 and beyond. At only $15M market cap, it presents one of the most promising investment opportunities for a market saturated with pump-and-dump and "safe" coins that lack utility.** + +**Emphasizing the Shield Network team's recognition of the need and value of transparency, the team has begun holding weekly AMA sessions.** [**The first AMA is available on the team's YouTube channel**](https://www.youtube.com/watch?v=pcPZ_1eoFUQ)**. The team is currently planning an AMA for this coming Sunday (time TBD) and has** [**posted a survey for both community members and prospective investors to ask questions**](https://www.surveymonkey.com/r/83F2QW8) **about the roadmap, launchpad development, and marketing strategy.** + +**From a marketing standpoint, the Shield Network team has completed the contract and payment with the Clear Channel Group for a one week New York City Times Square digital billboard advertisement that will begin on May 3rd. The 90 x 154 feet billboard will run for 5 minutes per hour, is located in Times Square off of 47th street, and is noted to have 157,000 impressions per week (Clear Channel statistics)! A group of community members has also self-funded a month-long billboard campaign in San Juan, Puerto Rico and will be hosting a giveaway for those that can be the first to take a selfie with the ad. Additionally, upon request from the community, the Shield Network team has setup a community-funded marketing wallet to allow for additional marketing opportunities. In just a few days, the community raised nearly $6K. The team opened a Telegram community poll to gauge how the community would prefer the funds be allocated with the expectation of making a final decision as a group during the upcoming AMA.** + +**To date, the Shield Network token has been listed on Coin Market Cap, Coin Gecko, Blockfolio, Delta App, and Stocktwits!** + +**As with any new token, the team encourages prospective investors to do their own research, learn more below, and only invest when you're comfortable doing so!** + +\----------------------------------------------- + +**What is the Shield Network project?** + +Shield Network is an upcoming project created on the Binance Smart Chain (BSC), aspiring to create a safer cryptocurrency market for everyone. The project token ($SHILD) is a deflationary currency with a 2% tax on every transaction – 1% is removed or “burned” from supply and 1% is redistributed amongst current holders. As with all deflationary tokens, the Shield Network token can only increase in rarity. Perhaps even rarer, the Shield Network has a central goal that extends past creating a token just like the rest. + +Shield Network strives to become the principal token-auditing platform in which every token is meticulously and methodically audited to expose scam projects, guarantee safety to investors, and instill confidence in the market as a whole. + +The Shield Network team has recognized the need and value of transparency, which led to a recent release of a [complete TechRate smart contract audit of the Shield Network token](https://www.shieldnetwork.io/wp-content/uploads/2021/04/Shield-Network-Full-Smart-Contract-Security-Audit.pdf). Moreover, the team is finalizing negotiations with Certik, the gold standard for market audits, to complete a follow-on audit sometime in May. The development team openly polled the community before committing to the Certik audit and the corresponding funds required from the developer wallet. + +&#x200B; + +**Who is the team behind the project? What is their vision?** + +The Shield Network is a dedicated team consisting of 6 developers from Norway with several others serving in a moderating capacity. Their vision is to make the cryptocurrency market a safer place for all investors. + +With the mainstream adoption of cryptocurrency, the market has been flooded with new investors who often invest with limited or non-existent knowledge of the proliferation of scam, “rug-pull”, or “pump-and-dump” projects. The number of these exploitative projects has grown exponentially and will continue to do so as the market expands. Failure to vet such projects would lead to a detrimental risk to new investors that would damage the perception of the cryptocurrency market. + +Shield Network foresees scam projects as a problem that will never go away, but one that can be mitigated. That is why Shield Network will be creating the first pre-launch token auditing platform that will give investors the ability to invest their money in new projects with confidence and assurance. + +In addition to building a pre-audited launch platform, the project will seek to focus on establishing and helping the community. Their intent is to provide investors with advice on how to trade and invest in a safe manner, minimize risk and losses, and ultimately, maximize gains. The team believes this to be much needed in the cryptocurrency space and hopes that their efforts will create a positive impact throughout the cryptocurrency community. + +Team doxxing remains a worthwhile concern from prospective investors, and the team has committed to doing so sometime in the future once everyone is in agreement and they're comfortable doing so on both a personal and professional level. + +&#x200B; + +**How will the Shield Network auditing platform function?** + +The Shield Network auditing platform consists of a three-tiered Shield Pad launch system: + +*Tier 1 – Security Launch* + +* All token projects launched in Tier 1 are guaranteed by Shield to be 100% safe. +* Projects will be required to have their lead developer undergo KYC verification to Shield. +* Projects will be audited and deployed by Shield. +* Projects will have development funds held by Shield. +* Shield will provide 24/7 developer support and a marketing manager for project launches +* *Tier 1 projects will only be accessible to new investors who hold a minimum (to be determined) number of Shield Network tokens.* + +*Tier 2 – Audited Launch* + +* All token projects launched in Tier 2 are meticulously and methodically audited by Shield. +* Projects will be required to have their lead developer undergo KYC verification to Shield. +* Project audits will ensure that the contract is safe and the tokenomics work as marketed. +* Projects will have time-locked development funds to prevent “liquidity stripping”. +* *Tier 2 projects will only be accessible to new investors who hold a minimum (to be determined) number of Shield Network tokens.* + +*Tier 3 – Decentralized Launch* + +* All token projects launched in Tier 3 are completely decentralized. Shield recommends that potential investors do their own research before investing. +* Projects will have 50% of listing fees used for Shield Network development and 50% of listing fees used for buying and burning Shield Network tokens. +* *Tier 3 projects are open to all new investors with no minimum required holding of Shield Network tokens.* + +&#x200B; + +**How is the Shield Network project valuable to investors?** + +The Shield Pad auditing platform has multi-faceted investment value. First and foremost, the Shield Pad will be a safe and trusted platform for investors to find project that have been thoroughly vetted before reaching the market. Secondly, it rewards token holders with early access to investment presales. Next, it will function as a marketing tool for new projects due to access to the large Shield Network investor base. Finally, it provides the Shield Network project with an income stream via listing fees to fund other aspects of the project. + +&#x200B; + +**What is the Shield Network tokenomics?** + +The Shield Network tokenomics are characterized by three features: + +* Auto Burn – 1% of Shield tokens in each transaction are “burned” or removed from circulating supply forever. +* Frictionless Staking – 1% of Shield Tokens in each transaction are redistributed amongst holders. +* Automatic Liquidity Pool (LP) – Every trade automatically contributes toward generating liquidity locked inside the Pancake Swap LP. + +Tokenomic Breakdown: + +* Total Supply = 1 Trillion +* Burned on Minting = 33% +* DxLocked = 47% +* Presale Tokens = 20% + * 80% of the presale supply will be added to the liquidity pool and locked by DxSale for 5 years. + * 20% of the presale supply will be used for marketing and expansion. + +&#x200B; + +**What’s on this year’s roadmap for Shield Network?** + +**Q2** + +* Shield Network Launch +* Listing on Pancake Swap +* Website and Social Media Accounts +* Marketing Campaign +* Community Building +* Listings on Coin Market Cap, Coin Gecko, and Blockfolio +* PriceBot + +**Q3** + +* Development of Pre-Auditing Launch Pad +* Expand Team via Hiring of Additional Solidity Developers +* Marketing Push +* Establish NFT Partnerships + +**Q4** + +* Audit Contracts +* Large Marketing Campaigns +* Charity Donations +* Create NFT Marketplace + +&#x200B; + +**How can I invest in the Shield Network on PancakeSwap?** + +The Shield Network token is now available for investment on PancakeSwap using the following steps: + +* **NOTE: PancakeSwap Version 1 (old) should be selected at bottom of browser.** + +1. Buy BNB (Smart Chain) on Binance or any exchange that supports BNB (Smart Chain). +2. Send BNB (Smart Chain) to either your TrustWallet or MetaMask wallet. +3. In your wallet browser, visit [shieldnetwork.io](https://shieldnetwork.io) and click the 'Buy Now on PancakeSwap' button. +4. In the top corner of your browser, select the Binance Smart Chain Network option. +5. Connect wallet. +6. Swap any BNB (Smart Chain) amount of your choice for Shield Network (SHILD) tokens. Be sure to set slippage (gear icon for settings) to >2% to account for deflationary fees and potential price volatility. +7. After swap confirmation, a pop-up notification is seen on the page. If the transaction fails, do not panic, return to settings and increase your slippage percentage. +8. To view your Shield Network tokens, add a custom token to your TrustWallet/Metamask account by using the token contract address: 0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42 +9. Congratulations, you've purchased your tokens and are now a part of the team! + +&#x200B; + +**How can I learn more as a prospective investor/project?** + +**Website:** [https://www.shieldnetwork.io](https://www.shieldnetwork.io) + +**Telegram:** [https://t.me/shieldnetwork](https://t.me/shieldnetwork) + +**Twitter**: [https://twitter.com/shieldnetio](https://twitter.com/shieldnetio) + +**Discord:** [https://discord.gg/52MhgkNsBG](https://discord.gg/52MhgkNsBG) + +**Instagram:** [https://instagram.com/shieldnetio](https://instagram.com/shieldnetio) + +**YouTube:** [https://www.youtube.com/channel/UC9e3NXZGHxrVpudNILWLCfQ](https://www.youtube.com/channel/UC9e3NXZGHxrVpudNILWLCfQ) + +**Medium:** [https://shieldnetwork.medium.com/](https://shieldnetwork.medium.com/) + +&#x200B; + +**Shield Network Contract Address:** 0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42 + +**BSC Explorer:** [https://bscscan.com/token/0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42](https://bscscan.com/token/0x0e690ee6fcc26bc09fed2d2287268c23d4a81e42) +I have been investing since 2009, and quite actively since 2016: but I have never bought U.S stocks! Everything has been Canadian. I always have those mental blocks when it comes to U.S stocks, such as the conversion rate, having to pay taxes on dividends etc. frankly, I admit these are more excuses and I hope someone can convince me here today that there is nothing scary about buying U.S stocks, especially given how I have grown pretty comfortable with trading and investing in general. +# BBD.B - Bombardier Inc. Class B Subordinate Voting Shares (TSX Exchange) + +**CLOSE (May 29, 2020): $0.445** + +\*\*(\*\*Day Low: $0.44 & Day High: $0.485) + +(52 Week Low: $0.38 & 52 Week High: $2.47) + +**CHANGE: -0.035 (-7.2917%)** + +**VOLUME: 122,320,411** + +**Last buy of the day was for 101,280,000M shares that seem like it was pre-arranged deal (source "skitime" StockTwits (May 29, 2020):** + +&#x200B; + +[101M BBD.B Share Buy](https://preview.redd.it/57o7u4d8yr151.jpg?width=871&format=pjpg&auto=webp&s=537441e8ff87ba4ce3274dcc963ecccbe4fb902e) + +# BUT check out what "skitime" posted on StockTwits: + +"$BBD.B.CA someone just loooooooooove to manipulate this stock with his 500 shares Iceberg trade. He just doesn't want the price to go up real bad.... even a total rookie can see that...." + +&#x200B; + +[500 Share Stock Manipulation - Keeping BBD.B Stock Price Low](https://preview.redd.it/v2t1mz49yr151.jpg?width=1017&format=pjpg&auto=webp&s=f70c6c74cc50c1a5288a621e3583e333169c1e4c) + +Any thoughts, ideas or opinions on what is going on? + +I gathered that some think the Alstom Deal will close next week (possibly Monday, June 1, 2020), where Bombardier Transport is sold & debt paid off. + +Stock Price should go up on this news (possibly to $1 & even $2), as many Shorts are betting that the deal doesn't go through & Bombardier will go Bankrupt due to Covid19 Lockdowns. + +OR it could be another company manipulating the stock price to make a Low Ball Buyout Offer for the rest of Bombardier. + +Anyway, I'm betting that the elites will order more private jets, yachts, RV's etc to travel because of the Covid19 Pandemic. + +They should be able to sell more smaller jets to airlines focusing on smaller more regional flights & connecting flights. + +Let the chips fall where they may. I'm betting LONG! + +25% Chance of BK in 2 years + +52 Week Low: C$0.38 (Covid19 Crash) + +52 Week High: C$2.47 + +Potential Buy Out Target: C$3.00 + +Due your Due Diligence. + +\---------------------------------------- + +**Monday, June 1, 2020 will be interesting.** + +# Bid: $0.44 x Size: 1,104,000 + +**Ask: $0.45 x Size: 20,000** + +**(source "WhiteKnightGaming" StockTwits (May 29, 2020):** + +[1.104M x BBD.B Shares BID](https://preview.redd.it/y2khq1teit151.jpg?width=987&format=pjpg&auto=webp&s=9779f31109d737aa376e42f526bf151a2430635a) +i've been thinking and reading about this a lot lately. it seems the fed is stuck between a rock and a hard place - they can't raise rates too much, because the government won't be able to carry the interest on the debt. on the other hand, if inflation stays at \~8% or gets even worse, we will start to see some serious societal issues as people are unable to afford basic necessities like gas or food. + +as an investor, the fed's actions in the next few months are huge. tech is already in a bear market (nasdaq down 20% from ATH) and it looks like the s&p is about to follow (down 11% from ATH). why are these markets correcting now? is it smart money getting out early and moving into hard assets in anticipation of a crash? + +anyone have any predictions for fed policy moving forward? i know they said they would raise rates a bit but it won't be enough to stop the inflation we're seeing (volcker had to raise to something like 20% back in the 70's to get control - that is obviously not going to happen today). +I have been investing since 2009, and quite actively since 2016: but I have never bought U.S stocks! Everything has been Canadian. I always have those mental blocks when it comes to U.S stocks, such as the conversion rate, having to pay taxes on dividends etc. frankly, I admit these are more excuses and I hope someone can convince me here today that there is nothing scary about buying U.S stocks, especially given how I have grown pretty comfortable with trading and investing in general. +Hey all, + +I'm brand new to investing, just opened a TFSA and put $2000 into it. I'm 28 and looking to start investing. My main problem is the constant thought of "its totally possible for me to turn this $2000 into $5000+ in a year" + +Which I'm I'm sure isn't realistic. So I'm wondering the best way to invest so I can see growth / ROI ( I'm assuming growth is far more important at this stage) +In a year + +Which ever way you recommend I'd really appreciate an estimate on growth/ROI to really temper my expectations + +Thanks all! I'm loving this sub any time I post I get 20+ replies of helpful kind advice +[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! +**This is a follow up to /u/Greytoc's post here:** https://www.reddit.com/r/investing/comments/mw4jei/psa_stock_promotion_and_suspicious_stock/ + +I'll make this short - we all have seen the strong uptick in "DD" posts on this and every single other financial subreddit. A significant portion of these posts are coming from either new users or suspicious accounts (extensive history posting porn, no prior engagement in financial subs, etc). It's our understanding that a significant portion of these posts are the result of interested third parties compensating people to raise visibility of a stock on Reddit. + +----- + +**Effective immediately, we are implementing the following guidelines:** + +DD (Due Diligence) posts, for purposes below, are any long form posts reporting on specific stocks. Special attention to anything between a 500M and 10B Market cap, as that's where we've seen a lot of this activity. + +**1) If a user is posting their DD post across multiple subreddits it's going to be removed from here.** + +**2) If a DD post is coming from a new user, or one with little to no history participating in any investment/finance subs it's probably going to get removed** + +**3) DD posts must include a legitimate bear case, not lip service to risks, but a genuine examination of risks and adverse outcomes. It must also include actual financials - cashflows, balance sheet items, etc.** You don't need to do a full valuation model like you're an analyst, but you do need to discuss the actual financials of the stock. + +Ultimately this is just a framework - because much of the interpretation of intent here is subjective the mods may still remove a DD post on a given stock if things just feel wrong. I think the constraints on who can post DD should be sufficient to prevent much of the spam/shill type DD posts we've been seeing. + +------ + +**In addition I'm working on an automod sticky that would replace our normal new thread sticky** - this would warn users that DD posts are not to be taken at face value, and that the potential for misleading statements about a security to be made on Reddit is quite high. + +We chatted a bit over this and the above requirements are where we landed, we're still open to feedback or suggestions - the ultimate goal isn't to prevent people from talking about stocks they're interested in - it's to prevent bad actors from utilizing reddit to drive interest in stocks they may have financial interest in. + +People are still free to make discussion posts on a given stock, but those should at least show that you've done a starting bit of research on the stock. But we won't scrutinize something like "what are your thougts on XYZ, here's what I came across" nearly as much as "Full review on this 2B mkt cap generic chapstick manufacturer, it's set to explode". Ultimately this shouldn't impact anyone looking to just chat stocks in good faith - we're only aiming to get rid of a lot of these super suspicious posts that have popped up post GME. + +Unrelated: We've eased up the automod constraints on advice/beginner posts to hopefully encourage more complex questions to come through. +I was surprised when the Fed announced it would be purchasing corporate bond markets, especially for non-investment grade issuers. “Why do they need to do this?” is a legitimate question. I believe there is a tactical reason why they did this and it makes sense. + +Most banks provide large commitments often up to 5 years on revolving credit facilities that act as quick sources of cash if needed. A lot of companies never intend to use these but pay the expenses for them in case of a time when they really need the money. In March, a lot of companies drew on these revolving lines of credit to the max so they could get cash while it was still available. Banks have to put money out the door when these are drawn upon and everyone was doing it at the same time. This helps the liquidity of the companies borrowing, but clearly impairs the liquidity for banks as they have to put money out the door to meet the demands. This became a major problem for banks and it attributed to some major dislocations in various high quality fixed income products seen in March. + +In April and May, corporate fixed income markets saw a TON of new bond issuance after the Fed announced it was purchasing. Some companies that issued new bonds were ones that drew their revolving credit facilities to the max in March (funded by banks), and some were companies that may have needed to do so in the future. The Fed supporting the corporate bond market took major pressure off bank liquidity and it effective transferred the funding sources to asset managers and other institutional investors that (1) are not as systemically important as the banks are to the economy and (2) in better position to fund at their discretion, as opposed to contractual funding commitments banks provide. + +This is not meant to be a post supporting Fed’s actions, but I have previously questioned the need for a central bank to be purchasing corporate bonds and I believe this is the reason why they did it. It’s been successful. The future unintended consequences of the Fed’s actions are a separate topic. +My S/O and I combined are on track to bring home $175k this year and we’re in this constant cycle of having less than $100 in our bank accounts every week. +We live in a small house with a $900 mortgage payment. And we have 1 car payment ($600) + +We blow money every single day like it’s nothing. We eat out every night. And go on mini trips or full vacations once a month. We each get paid every Friday and usually by Monday, we’re down to $200-300. + +We’re young and we were very very poor going through school and I feel like our spending just keeps growing with our salary. I don’t know what to do to get out of this cycle. Neither of us want to work our current jobs the rest of our lives but the way it’s going now, we will never have any extra funds to do something else. +Thought I'd share this little optimization I discovered, maybe it's helpful for some: I was sending some funds over to Europe for winter vacation. Monzo sits on top of Wise and charges about half a percent to convert from GBP to EUR. + +I realized that I could transfer for free to [Atlantic Money](https://atlantic.money/), and convert to EUR and send for £3. I was sending about 2500, which would have cost me around £12 on Monzo. Easy money! For some of my other larger monthly transfers, seems like a no-brainer. Probably also works if you keep a balance on Transferwise, and need to convert a large amount. Cheers. +This article was pulled from [www.robinhoodstrategy.com](https://www.robinhoodstrategy.com), I thought I'd share! + + +One of the best pieces of stock market advice I ever received was from a man on his deathbed. This man was a former real-estate investor and at the time he was a patient of mine in the intensive care unit: + +*Picking individual stocks is for fools!* + +I was 22 years old at the time and although I had done a fine job investing for my age group, this man had spent his entire life investing. He found a very successful recipe for himself in which he shared with me. + +He asked me if I had ever heard of John Bogle, to which I replied, “yes.” + +I had heard of John Bogle. I knew that Bogle was the founder and former CEO of Vanguard Group, a massive investment management firm, but I never studied any of his works. + +He told me to read “The Little Book of Common Sense Investing,” and that this book would change my perspective on the market. This was the first time I had been exposed to the “Boglehead” ideology – a term for individuals who stick true to the teachings of John Bogle. He said that many individuals believe they can beat the market by picking their own stocks, however for the average individual, investing in stocks is for fools. + +## So if picking stocks is for fools, what should I invest in? + +Let me introduce you to the index fund. An index fund is a group of stocks that you can buy as a bundle. By purchasing an index fund, you will own a whole group of stocks. This will protect yourself from some of the risk of picking the wrong stocks. In that index fund, some stocks will go up and some will go down. However, as Bogle has pointed out in his books, the stock market as a whole has always gone up over the long term. This means that if your portfolio (investments) reflects the broader stock market, your investment will grow over a long period of time even as some individual stocks go down. + +## How Do You Invest in the Entire Stock Market? + +You don’t need to be a millionaire to own the entire stock market. By buying index funds that reflect the S&P 500 (which includes 500 of the largest companies on the stock exchanges), your investments (tax favored or taxable) will track the performance of the greater stock market! + +This may sound too simplistic and perhaps a bit boring, but it’s not. Regardless of your investing knowledge or perceived skill level, it is extremely important to have at least a portion of your money in index funds. Why? PROTECTION.📷 + +Nobody likes to concede to the fact that their hard earned money will achieve solely a market average return, however many individuals lack the temperament and skill to consistently pick winning stocks. + +Aside from the fact that stock picking can be difficult, there is also a time factor that comes into play when researching and managing your own money. Many individuals simply do not want to spend their weekends or time off actively researching holdings or potential holdings. This is yet another reason why index funds are important. + +## But the Stock Market Doesn’t Always Go Up! + +You’re right. There are good times (bull markets) and bad times (bear markets). The S&P 500 index fund not only guarantees you the profits made by the stock market, but the losses, too. In fact, the market cycles through periods of growth and decline. + +We are probably due for another bear market as the last one was during the 2008 recession. Don’t freak out and sell everything when it happens. We expect it to happen. Just remember that over a long period of time (say your investment lifetime) the stock market has always grown and things should pick up. Just stick to your investing plan and have confidence that good times are ahead. + +You’ll never be able to time the market perfectly, so the best advice is to invest regularly regardless of whether you think we are at the peak or the nadir (all-time low). + +## Where Should I Invest My Money? + +Like I mentioned earlier, a portion (at least your first $10,000) should be invested into index funds, and should be contributed to bi-weekly or monthly (most workplaces offer this plan). Doing so will provide you a stable foundation for your investments and somewhat of a security blanket in case some of your higher risk investments don’t pan out as planned. + +Where should you invest the remainder of your money? Well, this is highly dependent on your age, level of investing knowledge, and overall comfort level. There is no right or wrong asset class to invest in, whether it’s stocks, real estate, collectables and antiques, invest using your strengths. + +I personally like researching and analyzing stocks, I find it highly enjoyable. A set portion of my portfolio is allocated into index funds, so I am well protected, however I am not a full blown Boglehead. I firmly believe in taking calculated risks and investing into high quality companies. + +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[NIHK / Video River Networks Inc](https://fintel.io/n/us/nihk)|1|110,000|10,180|1,119,794,500 +[EVRG / Evergy Inc](https://fintel.io/n/us/evrg)|2|6,219,447|25|113,177,322 +[RPHM / Reneo Pharmaceuticals, Inc.](https://fintel.io/n/us/rphm)|4|1,733,332|15|25,999,980 +[STON / StoneMor Partners L.P.](https://fintel.io/n/us/ston)|1|5,522,732|2|12,150,010 +[GLSPU / Global SPAC Partners Co. Unit](https://fintel.io/n/us/glspu)|4|1,060,000|10|10,600,000 +[GMS / GMS Inc](https://fintel.io/n/us/gms)|3|121,210|43|5,262,876 +[ADF / ](https://fintel.io/n/us/adf)|1|515,000|10|5,150,000 +[LNDC / Landec Corporation](https://fintel.io/n/us/lndc)|10|504,174|10|5,064,049 +[NH / NantHealth Inc](https://fintel.io/n/us/nh)|1|1,689,189|3|4,999,999 +[MTEM / Molecular Templates Inc](https://fintel.io/n/us/mtem)|3|300,000|8|2,437,840 +[NUVB / Nuvation Bio Inc](https://fintel.io/n/us/nuvb)|4|164,500|10|1,585,414 +[EPS / ](https://fintel.io/n/ca/eps)|2|336,893|4|1,212,815 +[LQDA / Liquidia Technologies Inc](https://fintel.io/n/us/lqda)|2|297,619|3|750,000 +[MBTCU / Nocturne Acquisition Corporation Unit](https://fintel.io/n/us/mbtcu)|3|45,000|10|450,000 +[LOV / Spark Networks, Inc.](https://fintel.io/n/us/lov)|2|41,072|7|289,382 +[MACK / Merrimack Pharmaceuticals Inc](https://fintel.io/n/us/mack)|3|34,476|6|210,879 +[RFIL / RF Industries, Ltd.](https://fintel.io/n/us/rfil)|2|25,900|7|179,033 +[TPL / Texas Pacific Land Trust](https://fintel.io/n/us/tpl)|21|111|1,584|175,825 +[TSI / TCW Strategic Income Fund Inc.](https://fintel.io/n/us/tsi)|2|22,314|6|125,996 +[SLGG / Super League Gaming, Inc.](https://fintel.io/n/us/slgg)|1|17,000|6|103,020 +[GLSI / Greenwich Lifesciences Inc](https://fintel.io/n/us/glsi)|1|2,700|37|99,853 +[SREV / Servicesource International Inc](https://fintel.io/n/us/srev)|4|70,730|1|98,603 +[KIDS / Orthopediatrics Corp](https://fintel.io/n/us/kids)|3|1,400|43|63,041 +[SNSE / Sensei Biotherapeutics Inc](https://fintel.io/n/us/snse)|2|4,000|14|56,000 +[LCRDX / Lord Abbett Credit Opportunities Fund](https://fintel.io/n/us/lcrdx)|1|4,617|11|50,000 +[CYTH / Cyclo Therapeutics Inc](https://fintel.io/n/us/cyth)|1|5,000|7|35,000 +[BWFG / Bankwell Financial Group Inc](https://fintel.io/n/us/bwfg)|7|1,258|27|34,520 +[VOLT / Volt Information Sciences, Inc.](https://fintel.io/n/us/volt)|5|6,150|4|24,601 +[AXR / AMREP Corporation](https://fintel.io/n/us/axr)|1|1,500|10|15,577 +[RAPT / Rapt Therapeutics Inc](https://fintel.io/n/us/rapt)|2|700|19|13,620 +[CRTD / Creatd Inc](https://fintel.io/n/us/crtd)|3|3,199|4|13,549 +[IGXT / IntelGenx Technologies Corp.](https://fintel.io/n/us/igxt)|1|25,000|0|12,225 +[BMMJ / Body and Mind Inc.](https://fintel.io/n/us/bmmj)|1|19,000|1|9,880 +[XPL / Solitario Exploration &amp; Royalty Corp.](https://fintel.io/n/us/xpl)|1|25,000|0|7,750 +[RCG / Renn Fund Inc](https://fintel.io/n/us/rcg)|9|2,025|3|5,244 +[MMLP / Martin Midstream Partners L.P.](https://fintel.io/n/us/mmlp)|3|1,880|3|4,770 +[TMP / Tompkins Financial Corporation](https://fintel.io/n/us/tmp)|1|31|81|2,500 +[FRAF / Franklin Financial Services Corp](https://fintel.io/n/us/fraf)|3|7|30|212 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[OXLC / Oxford Lane Capital Corp](https://fintel.io/n/us/oxlc)|1|-175,000|177,147|-31,000,707,500 +[CHWY / Chewy Inc](https://fintel.io/n/us/chwy)|1|-6,150,000|82|-501,225,000 +[OM / Outset Medical Inc](https://fintel.io/n/us/om)|4|-7,781,446|51|-395,491,993 +[AMRS / Amyris Inc](https://fintel.io/n/us/amrs)|4|-4,678,363|15|-70,000,006 +[ULTA / Ulta Salon, Cosmetics &amp; Fragrance, Inc.](https://fintel.io/n/us/ulta)|3|-155,865|331|-51,243,869 +[HAYW / Hayward Holdings Inc](https://fintel.io/n/us/hayw)|4|-2,815,887|16|-45,775,597 +[KMX / CarMax, Inc](https://fintel.io/n/us/kmx)|2|-185,120|131|-24,336,967 +[NVCR / Novocure Ltd](https://fintel.io/n/us/nvcr)|22|-95,000|203|-18,957,452 +[ALTR / Altair Engineering Inc](https://fintel.io/n/us/altr)|8|-200,000|64|-12,809,279 +[TITN / Titan Machinery Inc.](https://fintel.io/n/us/titn)|7|-400,000|27|-10,653,232 +[ETON / Eton Pharmaceutcials, Inc.](https://fintel.io/n/us/eton)|1|-1,518,000|7|-10,626,000 +[NVDA / NVIDIA Corporation](https://fintel.io/n/us/nvda)|18|-14,500|623|-9,105,295 +[WORK / Slack Technologies Inc](https://fintel.io/n/us/work)|2|-196,405|42|-8,272,583 +[PAYX / Paychex, Inc.](https://fintel.io/n/us/payx)|5|-70,587|96|-6,765,411 +[TGT / Target Corporation](https://fintel.io/n/us/tgt)|2|-31,423|204|-6,420,475 +[ALLK / Allakos Inc](https://fintel.io/n/us/allk)|3|-60,000|105|-6,305,000 +[TEN / Tenneco Inc](https://fintel.io/n/us/ten)|2|-518,351|11|-5,636,078 +[K / Kellogg Company](https://fintel.io/n/us/k)|1|-83,333|63|-5,268,412 +[CRWD / CrowdStrike Holdings, Inc. Class A](https://fintel.io/n/us/crwd)|3|-16,995|212|-3,587,016 +[AI / C3.ai](https://fintel.io/n/us/ai)|8|-50,000|69|-3,470,307 +[VRNT / Verint Systems Inc.](https://fintel.io/n/us/vrnt)|4|-68,487|46|-3,146,293 +[DLB / Dolby Laboratories, Inc.](https://fintel.io/n/us/dlb)|2|-29,457|102|-2,988,183 +[J / Jacobs Engineering Group Inc](https://fintel.io/n/us/j)|2|-21,387|135|-2,892,346 +[BSY / Bentley Systems, Incorporated Class B](https://fintel.io/n/us/bsy)|1|-55,762|50|-2,760,615 +[GES / Guess ? Inc.](https://fintel.io/n/us/ges)|3|-100,000|27|-2,705,200 +[ORCC / Owl Rock Capital Corp](https://fintel.io/n/us/orcc)|3|-148,688|14|-2,107,028 +[SBGI / Sinclair Broadcast Group Inc](https://fintel.io/n/us/sbgi)|1|-69,366|30|-2,081,167 +[JFR / Nuveen Floating Rate Income Fund](https://fintel.io/n/us/jfr)|2|-186,239|10|-1,807,062 +[JBL / Jabil Circuit, Inc.](https://fintel.io/n/us/jbl)|1|-25,000|54|-1,356,250 +[OCSL / Oaktree Specialty Lending Corp](https://fintel.io/n/us/ocsl)|1|-200,000|7|-1,321,160 +[PUCK / Goal Acquisitions Corp.](https://fintel.io/n/us/puck)|3|-128,211|10|-1,319,521 +[NEOG / Neogen Corporation](https://fintel.io/n/us/neog)|2|-13,994|93|-1,312,757 +[FNF / Fidelity National Financial Inc](https://fintel.io/n/us/fnf)|1|-25,000|44|-1,097,330 +[COO / Cooper Companies Inc](https://fintel.io/n/us/coo)|4|-2,643|398|-1,051,699 +[RPM / RPM International Inc.](https://fintel.io/n/us/rpm)|1|-10,900|92|-1,001,928 +[SSSS / Sutter Rock Capital Corp.](https://fintel.io/n/us/ssss)|2|-64,000|15|-986,241 +[JW.B / Wiley (JOHN) &amp; Sons, Inc.](https://fintel.io/n/us/jw.b)|1|-16,500|56|-920,717 +[PSMT / PriceSmart, Inc.](https://fintel.io/n/us/psmt)|2|-10,222|90|-915,598 +[URBN / Urban Outfitters, Inc.](https://fintel.io/n/us/urbn)|1|-18,000|38|-684,000 +[SNX / SYNNEX Corporation](https://fintel.io/n/us/snx)|1|-5,000|120|-600,050 +[PPR / Voya Prime Rate Trust](https://fintel.io/n/us/ppr)|2|-109,272|5|-508,115 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +The stock also experienced a wipe-out of the previous year's gains and is currently at $279, down from ATH of $383. Thoughts? Text below: + +>Moody's downgrades Tesla's (NASDAQ: TSLA) corporate family rating to B3, senior notes to Caa1. Outlook is negative. + +>Moody\'s Investors Servicedowngraded Tesla, Inc.'s (Tesla) Corporate Family Rating (CFR) to B3 from B2, unsecured note rating to Caa1 from B3, and Speculative Grade Liquidity rating to SGL-4 from SGL-3. The outlook is negative. + +>RATINGS RATIONALE + +>Tesla's ratings reflect the significant shortfall in the production rate of the company's Model 3 electric vehicle. The company also faces liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds ($230 million in November 2018 and $920 million in March 2019). Tesla produced only 2,425 Model 3s during the fourth quarter of 2017; it is currently targeting a weekly production rate of 2,500 by the end of March, and 5,000 per week by the end of June. This compares with the company's year-earlier production expectations of 5,000 per week by the end of 2017 and 10,000 by the end of 2018. + +>The Caa1 rating of the unsecured notes reflects the junior position of the notes relative to the company's $1.9 billion secured credit facility. + +>Tesla continues to benefit from solid market acceptance of Models S and X, which collectively hold over a third of the US luxury market. In addition, third-party evaluations of the Model 3 remain favorable, consumer response to the vehicle is sound, and advance purchase reservations and deposits remain high. Finally, regulatory support for battery electric and zero-emission vehicles continues to grow. + +>The negative outlook reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity short-fall. Prospects for addressing its liquidity requirements (whether equity, convertible notes or debt) will be supported if the company can establish credibility for reaching Model 3 production levels -- 2,500 per week by the end of March, and 5,000 per week by the end of June. + +>Tesla's liquidity consists principally of $3.4 billion in cash and securities at December 31, 2017. The company also has moderate availability under the $1.9 billion ABL facility. This liquidity position is not adequate to cover: 1) the approximately $500 million in minimum cash that we estimate Tesla must maintain for normal operations; 2) a 2018 operating cash burn that will approximate $2 billion if Tesla maintains high discretionary capital expenditures to increase capacity; and 3) convertible debt maturities of approximately $1.2 billion through early 2019. These cash needs will likely require Tesla to undertake a near-term capital raise exceeding $2 billion. Moreover, if the company maintains its expected pace of expansion, it will likely need to raise additional capital during the second half of 2019. + +>Tesla's rating could be lowered further if there are shortfalls from its updated Model 3 production targets. The rating will also be pressured if the company is unable to raise sufficient new capital to cover its late-2018 and early-2019 convertible maturities, and to cover the operating cash consumption that will likely continue into 2019. + +>The rating could be raised if production rates of the Model 3 meet Tesla's current expectations and if the company maintains good liquidity. + +>The following rating actions were taken: + +>Downgrades: + +>..Issuer: Tesla, Inc. + +>.... Probability of Default Rating, Downgraded to B3-PD from B2-PD + +>.... Speculative Grade Liquidity Rating, Downgraded to SGL-4 from SGL-3 + +>.... Corporate Family Rating, Downgraded to B3 from B2 + +>....GTD Senior Unsecured Regular Bond/Debenture, Downgraded to Caa1 (LGD4) from B3 (LGD4) + +>Outlook Actions: + +>..Issuer: Tesla, Inc. + +>....Outlook, Changed To Negative From Stable +[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! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! +i've lived in an apartment for all of my adult life and pretty much accepted by this point they i'll never be able to afford a traditional "house." but every year, rent just keeps climbing and climbing. my studio apartment, split between 3 people, has almost doubled in rent in the past 5 years. i hear people talk about how much better having a mortgage is vs renting, but there's no way i could afford the down payment that a home would require. + + +so what's the catch with mobile / manufactured homes? why are they 1/10th the price of an ordinary house? every place i've looked for answers responds from an investment perspective and talks about how they depreciate like used cars. i'm not looking for an asset. i don't care if my house is "worth" anything. i would just like to have a home to live in without worrying about the rent climbing up endlessly and outpacing my ability to afford it. are there any downsides for someone who doesn't care about trying to use it as an investment, but just as a place to live in? the only thing i can think of is needing to move elsewhere and then not being able to sell your house for what you owe, but i have no extended family or job or anything that would ever require me to up and leave from where i live now. i live in the desert, so there isn't a big risk of flooding, tornadoes or other natural disasters carrying the house away. i realize apartment complexes are also supposed to provide things like maintenance if things like plumbing or electrical go wrong, but anyone who's ever lived in a shitty apartment complex knows how reliable that actually is. + + +i don't see any immediate downsides? but i know the grass is always greener. can anyone chime in with some advice? +>Adjusted EPS: $1.33 vs. $1.63, according to Thomson Reuters + +>Revenue: $1.13 billion vs. $1.14 billion, according to Thomson Reuters + +>Same-store sales grew 1 percent vs. expected growth of 1.2 percent, according to StreetAccount + +>"Despite several unusual impacts during the quarter, including the impact of hurricanes, we maintained our focus and saw some encouraging signs," said Steve Ells, founder, Chairman and CEO of Chipotle, in a press release. "Our leadership remains focused on setting the foundation for future growth, and we are confident in our teams' ability to deliver against those plans." + +>Chipotle refined its estimate for the year. It is now calling for comparable sales growth of 6.5 percent. Previously, it expected growth in the high single digits. + +[CMG](https://finance.google.com/finance?q=CMG&ei=5KfvWeDWLMLAjAH3oZCIBA) + +[Source](https://finance.yahoo.com/news/chipotle-shares-fall-6-percent-195036193.html) +First off, I want to say that the following post is utter nonsense. In fact, I don't recommend reading it. I may have eaten too many yellow crayons I thought were bananas this week (Or was I trying to eat yellow crayons but ate bananas? Idr) but I think I stumbled onto something. + +Most people on this sub are Millenials (speculation). Most Millenials grew up playing video games. We have a passion for them. But we never really picked up a lot of practical skills from playing video games. *Until now*. + +As we all know, Robinhood and similar apps **game-ified** investing. They made cool colors to show us how we did. It's not enough to show green and red on the app so the entire fucking screen has to be colored so we know what the fuck is going on. So we could say "Ohhhh green good red bad." It's like the slot machine except, unlike slots, investing odds can be changed by doing work. Nobody used to do the work, but now that all the work is on the phone--the same device we have been using to play the game--it still feels like part of the game. + +So we do some research and now we actually have a leg up in the game. It's like when you play StarCraft and you suck but then you read an article on how to not suck at StarCraft. Well, we read posts on GME and we sucked less at predicting the movement on that stock. + +Why are video games even fun? None of it is real. But it's a **shared** experience that you can have with your friends and peers, or, at the very least, discuss with them. It's the consensus that something cool happened on a screen that makes games fun on a social level, even though it's all fake. Well none of the money movements we see on the screen are real. Sure, it's all documented, but it's still virtual. Nobody's going to your bank and moving cash into RH's bank. This all works because we all agree that it works. + +Now get a bunch of apes to play the game after reading the rules and even, for some of us, practicing, and you've got the beginning of a movement to a new era of trading and investing. + +Am I making any sense or am I insane even for a WSBer? + +Edit: Wow guys! Thank you! I have never received awards before!! I like rockets because I think they are food colored bananas!!! 🚀🚀🚀🍌 🍌 🍌 +I've seen a couple posts about Fidelity trying to get in front of the freight train filled with apes on their way to Computershare. I also had a lovely 30 min conversation with someone at Fidelity when I called to transfer my shares to CS. The rep said (abridged) "We've been getting a lot of calls about DRS this week. I just want to let you know that your shares ARE SAFE in your Fidelity account and they CANNOT be loaned out for short selling." + +I said "Ok, that's great, thank you. The reason I want to move my shares is because I want them registered to my name, not a street name." That seemed to be the trick because the next thing she said was "Ok, let me process this request for you." + +Beautiful Apes, remember that DRS transfers are about registering your shares to your name. Not to Fidelity, TDA, WeBull, whoever else, so they can give you a little IOU. You are not technically a shareHOLDER when you buy stock through a broker. You are nothing more than a share BENEFICIARY with the same legal rights as a shareholder. + +LEGALLY they are the same. *FUNCTIONALLY* they are very, very different. + +If you get pushback from your broker when doing a DRS transfer, tell them you simply want the shares directly registered to your name, and ask if they offer that service. They will shut up. This is how industries change. If we want brokers to stop giving out IOUs while they keep fuxing with "our" shares, we need to show them that direct registration is important to us. This DRS move is clearly affecting their business and the smart ones will adjust their business models to tap into a clearly untapped market. + +\*\*\* TA;DR - Just tell your broker rep "I just want my shares directly registered to my name. Are you able to do that for me?" + +Not financial advice. + +\----- + +And to Fidelity, I love you. I never stopped loving you. You have been one of the biggest Ape allies during this GME saga. I will continue to use your services. I do feel bad that you are caught in the turmoil of this, but we can't change this broken system by continuing to make the same moves. Like I said above, if you're smart (and I believe you are) you will find a way to allow DRS through your platform. Honestly though, you should have been keeping up to date with Ape discussions and realized this was coming because it's been talked about for months. You could have enabled DRS and you would have kept all these shares. But you weren't agile enough and now here we are. +For those of you that considered buying a vacation home was it worth it? At what net worth did you begin to consider that? We still work full time so we can probably only be there 2 weeks at a time and weren't sure whether its better to just rent places each time or to buy one. I just also wasn't sure if it's a PITA to maintain if we don't live anywhere nearby and only visit maybe 4 times a year? + +Any advice is appreciated. +Thinking of leaving JPM wealth management and just transferring in-kind all my stocks/index funds to fidelity. Also have a huge second windfall coming and will likely have upwards of 15mm in index funds/stocks held at fidelity. + +Is there a reason not to do this? Any hidden fees I should look out for? + +I’ll be saving upwards of 100k/yr by moving to fidelity and finally feel comfortable in my knowledge of wealth management to move away from jpm. +At the airport currency exchanger today I spent ~$40 converting 40000 Japanese Yen into $330, well it would have been $370 but they took $40. If I didn't do it there then I would have had to take time out of my day in the future to drive to the right bank, and their fee isn't much better. I can't wait until bitcoin makes currency exchanging pointless and people aren't shaken down every time they cross a border. +I understand that things change and yada yada but a major part of this sub is making risky trades with insane upside and total downside. + +It is great youre joining but if this turns into another "everything has to be PC" sub then where else can I go to get my daily dose of front page -80k losses or 100k wins? + +Just seeing some of these posts are kind of bothering me because it isnt at all what wsb is. + +I want a fucking yacht. Simple. + +I'm holding gme like the rest and I watched that -70% day and bought fucking more. I'm all with everyone on this as it is important to do. + +But some of these posts making front page arent really wsb material. Like I just read one where a guy basically explains dfv personality traits and says how awesome he is. Like wtf? Yeah thats cool, I like the guy too but why in the fuck is that on the front page or even written at all? + +Or another one about someone meeting another wsb user at an airport? Why in the fuck is this on the front page? + +I like the wholesome wsb where people donate to charities and all that, love that shit. But for fucks sake, posts like those other two don't really belong and I hope we don't become another sub where everyone is a fucking pussy who down votes anything that isnt entirely pc or apology culture. + +I want a fucking yacht. + + +EDIT: fucking retards lmao 💎👐💎👐🐂🐂🐂🚀🚀🚀🚀🚀🚀 + +EDIT 2: there's sort of a mutual respect here because we all fucking lose a lot lmao. When you see someone down 20k on a trade and his portfolio is now only worth 127 bucks, coming here we all make each other feel better with our bullshit lol. Like I would call this guy fucking retarded and he would likely laugh and think "yeah... why did I think gourds would fucking take off? I am retarded." This part of wsb is what kept this community so strong before the massive influx. We all understand the fucking game and we all empathize yet still bust each other's balls on this shit. + +EDIT 3: Those who keep commenting mm=millimeters. I immediately know you've never seen a balance sheet in your life lmao. +Thinking about quitting. I don’t spend much. No kids. Single. Have a ($1400/month) mortgage and 50k in savings. + +I’ve been in the job for 5+ years. I’m spread thinly, find it hard to focus and feel like my motivation is not there right now. Also dealing with some health stuff too. With all of the above, I feel like I’m not doing a good job. + +Will I regret burning through my savings to take a break for 12 months? Has anyone here done that before? +Konichiwa AusFinance. I'm the founder of a Tokyo based fintech company known in Japan for a personal financial management app called Moneytree. It lets you see the entirety of your finances in one place, it's fast, beautifully designed, and has powerful features like AI based categorisation of transactions, intelligent notifications, raw data export and work expense reporting. + +We have already racked up some major milestones: Apple awarded us the Best of 2013 for iPhone and Best of 2014 for iPad, we received investment from Japan's largest banks and Salesforce.com, and we're soon to surpass 1.5M users. + +So here are my questions: + +- What do you think of fintech and what have you tried so far? + +- Is tracking all your accounts and investments together important to you? + +- What do you like and dislike about personal finance apps you've used? + +Thanks for sharing your expectations. Bringing Moneytree back to Australia is a dream come true. + +EDIT: for verification, yes it's me +https://twitter.com/pchap10k/status/865370020678782977 + +UPDATE: You can sign up for the Moneytree beta here https://www.getmoneytree.com.au Through to June 21st we are giving 3 active beta testers a $1,000 eftpos gift card too. I hope you enjoy test driving Moneytree. +My first day on r/pennystocks I read a thread that said to buy IDEX. It was my first buy and I instantaneously made $600. I thought damn this is an easy game, just read what they tell you to buy and make fat change. I ended up buying a bunch more @ 2.4 and the dip ate me alive. I had been in the reds for months on end, barely checking my stock apps because it was too depressing. So many people said that IDEX was dead and i should’ve cut my losses a long time ago but I couldn’t bring myself to do it. I held on to that bag like a baby holds on to its momma’s tits. Today I finally became free from the beautiful mess of IDEX and I begin my portfolio from ground 0. +Late 30s, $1.5M NW. Day job as an executive is all-consuming. Not yet FATFIREd but on track. + +Had a new $500K windfall from an angel investment paying off. I'm about a year shy of the 5-year cutoff for zero cap gains on QSBS, so I'm rolling over into a newly-started business for a year, which qualifies for 0% capital gains. Now I'm trying to figure out what kind of capital-intensive, hands-off business I can run for just a year to meet standards for the QSBS 1045 exchange rule. + + +* To qualify for QSBS treatment I need the business to run for at least a year and use 80% of the funds. So, I need to deploy $400K in capital, at least, and try to make it back. +* Has to be a QSBS: no consulting, real estate, or investing; retail, software, manufacturing, small biz are fine +* I don't care if I make money, as long as I lose less money than I would have paid in taxes. The perfect business might spend $500K on inventory and then liquidate for $400K-$600K tax-free in a year. +* It's OK to buy a business, if I can find one. +* I've run businesses before so there are plenty of things I know have opportunity that would take a lot of time/energy to develop. The biggest constraint is time. That means I'm either hiring a manager or looking for something that can be done with cash and not time. + +Is there an obvious biz to run here that's cash-flow-neutral? Or, given where I am on the track to FATFIRE, should I just pony up and forget about the cap gains exclusion? +I own my place outright, a 2 bedroom 2 bathroom place, in great condition and renovated a few years ago. My partner of 3 years is moving in with me. I make 85k, he makes 95k. He is currently paying ~~$1000~~ **(update: $1600)** to rent a room **(update: and bathroom)** in a house that is significantly older and in worse shape than mine. If he was living in a studio, that's $1700, a 1 bedroom is $2250 and a 2 bedroom is $2400 (local prices). How much should I charge my partner for rent? + +I was thinking that it should be either half of a 1 bedroom or a full studio rental cost ($1125-$1700). However, both these numbers seem too high when I don't have a mortgage. How do I have us both benefit in this scenario? Is there a formula I can use? I don't really know what to do. + +I'm also asking my partner to contribute $100 a month to gas and car maintenance in order for me to drive him around as he requests (he does not drive and will need transport regularly). $100 is about 1/3 of my car expenditures (I don't have a car payment). Does this seem fair? + +**Edit:** I've talked to my partner to ask about his expenses and currently he pays $1600 including utilities for a large basement bedroom and his own bathroom. I was WAY off with my guess of $1000, that was from when we started dating. + +**Edit 2:** Everyone asking why we don't just split bills, I can't just split bills, I must charge rent or he can become entitled to ownership of my home under Canadian law. It is different in America. I owned the home outright and renovated it myself before we began dating so I don't want to give away ownership in this fashion. +As the title says, 2019 was my first calendar year I spent as a landlord. [Here](https://imgur.com/a/D2TVqIH) is the spreadsheet I used to keep track of all my income and expenses. The house we rented out was a house that I had lived in for a couple of years until I needed more space and bought a new house. A couple of things to note: + +I had our first tenant move out at the end of May. Luckily, she gave me plenty of notice and so I had a new tenant lined up and only had it vacant for a week while we did some repairs and cleaning (thats when we did the floor refinish). I used that time between tenants to do things we should have done when I first moved out, like change the locks. + +I also had some large expenses this year for the property because of the floor refinish and the range going out. + +The "Paid to Me" line item is what I consider my "salary." I manage the property myself, and I also made a separate bank account for the rental, so me paying myself is when I transfer money from the rental account to my personal account, which is why I also keep track of the total without "paid to me." + +What surprised me the most is that even with me being able charge rent at almost double the mortgage, it doesn't make *that* much money to own a rental. I am still happy with having converted the house to a rental, if for no other reason than the property itself has increased in value a fair amount, as well as I am hoping to keep it long enough to pay off the mortgage, but I know I would have loved to see something like this before I became a landlord. + +I hope this is helpful! + +Edit: it was accurately pointed out that my situation isn’t a common one, in that I bought the house cheap, right before an uptick in my area, I’m close enough to a University that I get a handful of students who apply, and I live in a city with low rental inventory. So I have an inexpensive mortgage in comparison to how high I can charge in rent. + +Edit 2: [This](https://reddit.com/r/financialindependence/comments/eotkx3/my_experience_buying_owning_managing_and_selling/) post in r/FinancialIndependence is a better write up than mine. Much more comprehensive. +Hi all, I'm the author ape, if we haven't already been acquainted. + +&#x200B; + +I've been working on a grassroots, 80,000 word account of the GME story since the start of January 2021, and haven't given up in the two years since. After many rejections, most of them due to bigger and better stuff already getting published or made, an agent and a publisher finally took me on this past year. + +Now, I'm in the final weeks of the writing process, and I want to get this thing perfect, especially after seeing what a disappointment *Eat The Rich* turned out to be. So here are a few areas where I want to show what I'll be writing about, what I could use help with, and so on: + +&#x200B; + +**WHAT I HAVE** + +RC Tweets, March 2021, March 2022, Avanza/Nordnet, Proxy vote campaign, Maxine Waters, Superstonk founding, House of Cards, mayo, stonks man, DRS, splividend, international securities fraud, Tobin Mulshine (who isn't emailing me back), Dr T's Un-shareholders, GME NFT, other (crap) books about the movement, pre-sneeze, and the sneeze. + +&#x200B; +