diff --git "a/reddit_finance_43_250k_361.txt" "b/reddit_finance_43_250k_361.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_361.txt" @@ -0,0 +1,10000 @@ +JUST DO IT + + +Fucking hell + +There, that feels better, some frustration vented. + +Raising it to 8MB or even 20MB isn't going to break things to such degree that the system can't self correct. + +You're always going to have groups of people who are against it. You don't need everyone's permission. + + +I wish I had the money to setup enough miners myself to get 95% hashing power and just freaking fork already. + + +Readers, I invite you to vent about your own frustrations regarding bitcoin here! +Last year, I bought some ETH at the (almost) low of $120 each. Over the past year, friends, family and others have told me on countless occasions I was lucky that I managed to scoop it up for that price, that they were not interested back in the time but that they definitely would have invested if they were aware of crypto at that time. It was so much easier to be in crypto for me. The price was ridiculously low, everyone could and should've seen that. + + +The point is, it is *extremely* difficult to buy a dip if you're just a retail investor. Everyone's full of fear, red candle after red candle and you simply don't know what the future holds. In a bull market, everyone kicks themselves for not having bought earlier but when it is difficult, when your entire portfolio is red, those are the times that you have to be brave to sink some hard-earned money in a bloody market. + +Also here on reddit during the past months if I've read countless posts about people kicking themselves for not buying last year and reassuring themselves that when BTC drops down to *x* percentage, they would most definitely buy. A bargain, literally. Most of them don't, full of fear. My friends and family who were convinced they would have diamond hands are now panic calling me how they withdraw their funds from Binance again (that's another lesson right there). + +The thing I'm trying to say is that it's impossible to time the market, but don't call people who buy at dips 'lucky'. It takes courage to buy at long time lows, not knowing if the market is going to back up. It's much easier in hindsight, during a bull run. Remember this. +Last year, I bought some ETH at the (almost) low of $120 each. Over the past year, friends, family and others have told me on countless occasions I was lucky that I managed to scoop it up for that price, that they were not interested back in the time but that they definitely would have invested if they were aware of crypto at that time. It was so much easier to be in crypto for me. The price was ridiculously low, everyone could and should've seen that. + + +The point is, it is *extremely* difficult to buy a dip if you're just a retail investor. Everyone's full of fear, red candle after red candle and you simply don't know what the future holds. In a bull market, everyone kicks themselves for not having bought earlier but when it is difficult, when your entire portfolio is red, those are the times that you have to be brave to sink some hard-earned money in a bloody market. + +Also here on reddit during the past months if I've read countless posts about people kicking themselves for not buying last year and reassuring themselves that when BTC drops down to *x* percentage, they would most definitely buy. A bargain, literally. Most of them don't, full of fear. My friends and family who were convinced they would have diamond hands are now panic calling me how they withdraw their funds from Binance again (that's another lesson right there). + +The thing I'm trying to say is that it's impossible to time the market, but don't call people who buy at dips 'lucky'. It takes courage to buy at long time lows, not knowing if the market is going to back up. It's much easier in hindsight, during a bull run. Remember this. +For people who don't know... Confido had a crash of 90% of their value last night after posting that they would halt the development of the project after a legal issue they didn't specify. + +Their Reddit and Twitter where full of angry investors. Do they took them down, along with their website. + +I guess it was a scam after all... +[Source](https://www.bls.gov/news.release/pdf/cpi.pdf) + +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. +> +>The indexes for shelter, food, energy, and new vehicles all increased in July and contributed to the monthly all items seasonally adjusted increase. The food index increased 0.7 percent in July as five of the major grocery store food group indexes rose, and the food away from home index increased 0.8 percent. The energy index rose 1.6 percent in July, as the gasoline index increased 2.4 percent and other energy component indexes also rose. +> +>The index for all items less food and energy rose 0.3 percent in July after increasing 0.9 percent in June. Along with shelter and new vehicles, the indexes for recreation, for medical care, and for personal care increased in July. The index for used cars also increased in July, but the 0.2-percent advance was much smaller than in recent months. The index for motor vehicle insurance declined in July, and the index for airline fares fell slightly. +> +>**The all items index rose 5.4 percent for the 12 months ending July, the same increase as the period ending June. The index for all items less food and energy rose 4.3 percent over the last 12 months, while the energy index rose 23.8 percent. The food index increased 3.4 percent for the 12 months ending July, compared to a 2.4-percent rise for the period ending June.** +> +>Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city average, Seasonally adjusted changes from the preceding month: + +&#x200B; + +[https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf](https://preview.redd.it/2jgynm744qg71.png?width=909&format=png&auto=webp&s=f89df2b26b5635be837f5b2b8efd64cb97128bf8) + +[https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf](https://preview.redd.it/yfmkc2v74qg71.png?width=893&format=png&auto=webp&s=b0973805a5ad2a0be7cd1f5fe14d0d9103d85c57) + +EDIT - UPDATED TABLE: + +https://preview.redd.it/7calyw3icqg71.png?width=890&format=png&auto=webp&s=c15fbeabd87461aa3efe5948bdabc6e9d26bfdc4 + +Previous 12 months of inflation rate as previously posted by [u/diamondsR4lever](https://www.reddit.com/user/diamondsR4lever/) (Jul gets a 5.4 as well): + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/osmld6\/will\_moass\_cause\_the\_crash\_or\_will\_the\_crash\/](https://preview.redd.it/i96x4k6k4qg71.png?width=640&format=png&auto=webp&s=b5766f47951223d8dba14eccadb8009eadcdd9d0) + +# Food + +>The food index increased 0.7 percent in July after rising 0.8 percent in June. The index for food at home also rose 0.7 percent, as the index for meats, poultry, fish, and eggs continued to increase. **This index rose 1.5 percent in July; this was its seventh monthly increase in a row and followed a 2.5-percent increase in June.** +> +>The index for cereals and bakery products, which declined in June, rose 1.2 percent in July, its largest 1-month increase since April 2020. **The index for other food at home rose 0.8 percent in July, also the largest monthly increase since April 2020.** The index for nonalcoholic beverages rose 0.7 percent in July, and the index for dairy and related products advanced 0.6 percent. +> +>The index for fruits and vegetables was the only major grocery store food group index to fall in July, declining 0.9 percent after rising 0.7 percent in June. The index for fresh fruits fell 1.8 percent over the month. **The food away from home index rose 0.8 percent in July, its largest monthly increase since February 1981.** +> +>The index for limited-service meals rose 1.0 percent in July, and the index for full-service meals increased 0.6 percent. The food at home index increased 2.6 percent over the past 12 months. +> +>All six major grocery store food group indexes rose over the span, with increases ranging from 1.1 percent (nonalcoholic beverages) to **5.9 percent (meats, poultry, fish, and eggs)**. The index for food away from home rose 4.6 percent over the last year. +> +>**The index for limited-service meals rose 6.6 percent over the last 12 months, and the index for full-service meals rose 4.3 percent. Both 12-month increases were the largest in the history of the respective series, which were first published in 1998.** + +# Energy + +>The energy index increased 1.6 percent in July after rising 1.5 percent in June. All the major energy component indexes increased over the month. The gasoline index rose 2.4 percent in July following a 2.5-percent increase in June. (Before seasonal adjustment, gasoline prices rose 2.5 percent in July.) The index for natural gas rose 2.2 percent in July after increasing 1.7 percent in both May and June. The electricity index increased 0.4 percent in July after falling 0.3 percent the prior month. +> +>**The energy index rose 23.8 percent over the past 12 months. The gasoline index rose 41.8 percent since July 2020.** **The index for natural gas rose 19.0 percent over the last 12 months**, while the index for electricity increased 4.0 percent. + +# The index for all items less food and energy rose 4.3 percent--remember this is the most conservative inflation number they can come up with. + +# This last line of the reporting section is most telling: Few major component indexes declined over the past 12 months. + +# All of this is inflation is happening in the backdrop of the Fed still plowing away with [$120 billion in assets purchases each month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656): + +https://i.redd.it/1edo3ikadqg71.gif + +$40 billion a month in mortgage-backed securities will continue to depress mortgage rates and **only continues to add gasoline to the inflation fire**. + +$80 billion in Treasury securities a month (with policy rates near 0%) represses short-term and long-term interest rates in general and inflates asset prices and consumer prices, which **further DESTROYS the purchasing power of the dollar**. + +[While the rest of the world's banks are acting](https://www.reddit.com/r/Superstonk/comments/okicjz/inflation_alert_bank_of_canada_and_bank_of_new/), the Fed still claims this inflation is “transitory"... + +# TL:DR - The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power. Unless one of the many other catalysts triggers the MOASS, [I believe inflation is the match that has been lit that will light the fuse of the rocket](https://www.reddit.com/r/Superstonk/comments/oe6i3l/tldr_i_believe_inflation_is_the_match_that_has/). + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions as happy to try and help. I hope you have a great rest of your day! ](https://i.redd.it/kcm54ytkdqg71.gif) +What are the top 3 finance apps that has genuinely helped you at managing your finances overall? I'm thinking something that you use very often and feel like your life wouldn't feel the same without it. How has it helped you and what do you like most about it? + +Can be anything related to finance - personal finance, banking, financial education, investing, etc. but just top 3. + + +UPDATE: I did a count (by mentions not by number of upvotes) and as of 24/03 00:00 the leading apps are: +**Bank:** r/monzo and r/StarlingBank +**Saving/Investing:** r/MoneyBox \- also the most mentioned app +**Budgeting/Planning:** r/NovaMoney, r/ynab close +**Crypto:** r/CoinBase +**and the most upvoted of all is the undisputed Google Sheets/Ms Excel!** +I'm going to sleep, might update tomorrow. Thanks all. + +&#x200B; +What are the top 3 finance apps that has genuinely helped you at managing your finances overall? I'm thinking something that you use very often and feel like your life wouldn't feel the same without it. How has it helped you and what do you like most about it? + +Can be anything related to finance - personal finance, banking, financial education, investing, etc. but just top 3. + + +UPDATE: I did a count (by mentions not by number of upvotes) and as of 24/03 00:00 the leading apps are: +**Bank:** r/monzo and r/StarlingBank +**Saving/Investing:** r/MoneyBox \- also the most mentioned app +**Budgeting/Planning:** r/NovaMoney, r/ynab close +**Crypto:** r/CoinBase +**and the most upvoted of all is the undisputed Google Sheets/Ms Excel!** +I'm going to sleep, might update tomorrow. Thanks all. + +&#x200B; +I own an audio mixing console, and recently sold it via PayPal to a Church. I shipped it last week, and the new owner sent me confirmation that it was received and in good shape a couple of days ago. About a day or two after shipping, PayPal limited my account. I didn't realize this meant I was in trouble, but I guess something about sending $17,000 on an account I hardly use was suspicious to them. They asked for proof of "fulfillment", as well as a receipt from my "supplier". So I think to myself, "okay, I don't really sell stuff too often, but alright, I'll give them the original purchase receipt and tracking number, sure." They came back and asked for 6 months of bank statements (from a personal bank account that I don't really use), to explain my account activity change, the explain how my business works, more tracking numbers, as well as a website. + +I provided them all the information, and shortly after doing some Googling, I noticed they have a nasty habit of holding people's funds for 180 days, and then at the end of the 180 days, citing "Acceptable Use" policy violations and docking them $2,500 per violation until the funds are deleted, without giving notice of exactly which aspect of the policy was violated. I combed through their User Agreement and Acceptable Use policy and found no violation. The closest thing I could find is a violation of their "Activities Requiring Approval" policy, to which the "high value items" section may apply, but it gives examples, and language that implies "operating as a ***dealer*** in jewels, precious metals, and stones", none of which apply to the item I sold––nor am I a dealer of any sort. I was simply selling a one-off item. + +I have a pretty good feeling that this is going to get nasty. Is there a way I could refund the payment to the seller (who will gladly wire the money over now that they've received the item)? Can PayPal put my account negative $17,000 and then (successfully) send it to collections when I refuse to pay it? Would that stick, or would I have an argument against them for the credit bureau? Can they debit my connected card/bank account for the funds without my consent? At this point, I will never, ever use PayPal again, so I really could care less what happens to the account, I just need my money back. I don't know what to do. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I genuinely don't understand why anyone would pay money for a share of $SNAP. + +Like maybe you could make a case for buying their cash, but that's only like $2.27 per share. + +Can anyone defend this company's stock price of $20.37? +*UPDATED* Let's help each other and post the top mistakes you have made along the way that has prevented you from FI/RE. Hopefully there is a theme that emerges. + +So far here are common happenings that DELAY FI/RE. Note the emphasis on delay. Seems like most folks have righted the ship and are still on the way just taking the scenic route. Here we go in no particular order: +Family (spouse, kids, relatives. choose your spouse wisely single people) +Education (spending too much time (hence $) or sub-ideal university, degree "worthless") +Lifestyle creep +Personal residence (interesting because is contrary to the conventional wisdom of build wealth through owning a home. Not true and plenty of people shared stories to contradict the conventional wisdom) +Employment situations +Not making your money work hard enough for you (this is a broad statement and covers: not participating in 401ks soon enough, holding too much cash reserves, or not saving early enough or too low savings rate). +Bad timing. None of us can control this and this was the theme that stood out most to me. An insignificant amount of wealth seems to be a function of timing. + +1. I worked at a company that was what I consider over the top fearful of discrimination. The company limited the amount you could contribute to your 401k to the average amount contributed by each employee in that tax year. That is fine, but they would not report this information until AFTER March 31. So I would contribute the max to 401k, then file tax returns. AFTER I file a letter would be sent saying "The average employee contributed $5,000 last year. This means your adjusted gross income is understated by $13,000." This led to me not participating in pre-tax investing for over 10 years. Loss in untaxed gross income approximately $130,000. +2. Our son is very industrious. When he was 7 he helped his 5 year old sister deep clean her room without prompting from either parent. We long forgot a box of family heirlooms containing rare stamps, coins and valuable rookie baseball cards from the 1950's were in her closet and we think he placed them in a bag and we think the bag ended up donated to a local charity. This set us back about $40,000. Until then I didn't think kids were expensive. +3. Fighting the previous war. No realizing markets change. We stayed on the sidelines after 2008-9 far too long fearful the "financial system was going to collapse". Then when we did return we underperformed by being investing in sectors that were too defensive relative to the current investing climate. We straightened this out now but there has been an unquantifiable opportunity cost. +4. Not being aware of lifestyle creep. Wants becoming needs basically. Not reviewing each bill monthly led to fees, odd charges and pricing changes after introductory rates expired. Losing discipline and not keeping track of spending has led to a decreased savings rate. Unknown amount but a rough estimate is $100,000 over our 15 year working history. +5. Taking way too much risk. Losing approximately another $35,000-$40,000 trading short-term stock options, index options and participating in a highly speculative venture. Now I have a much different view on risk. Participating in highly speculative ventures is ok, but now I limit to no more than 0.25%-0.50% of total net worth. That 0.50% is cumulative. If I have 5 ventures then my max loss in each adds up to 0.50% This lets me be more unemotional towards it and that lets me be more patient. Sometimes these ventures take time to unfold and if too much net worth is tied up it can cause you to bail at the wrong time. + +There you have it. I hope this adds value and helps someone who is earlier on the path to FIRE +Looking at the Shiller P/E, we see that it is around 36, which pretty much denotes a massive bubble in equities and signals doomsday. Or does it? + +Maybe others can offer some insight on this, but I think we need to look at a couple other things in addition to earnings. Let's look at the all-time high for the Shiller, which was 44 right before the dot com bust in Feb/March 2000. + +In early 2000 we had: + +1. Average corporate AAA bond yield at 7.6% with inflation running at around 3.2% +2. Unemployment rate at 4.0% + +In early 2022 we have + +1. Average corporate AAA bond yield at around 3% with inflation running at 7.5% +2. Unemployment rate at 3.9% + +So we can easily see that if one were to pull his money out of equities, there simply isn't anywhere else to put the money. Corporate bonds look terrible because of awful yields and inflation, and are vulnerable to rate hikes. This was not the case in 2000, where one could dump his money into PIMCO funds and ride out the crash in equities. + +Now some will say "put money into real estate"! --well that sector is in an even worse bubble than stocks, and there is a building shortage, rising property taxes etc. Going from one overheated sector on the verge of a crash or correction and into another ins't a solution. + +At the end of the day, it needs to be a massive crisis in the financial markets and doomsday before I sell all my stocks and hold cash or bonds, which will guarantee I lose (lots) of money. Municipals are better, but yields are still below inflation + +so is this one reason the market is holding at these levels? +Position: 30 GME @ 179 avg cost basis, still holding because it's not a loss until you sell. Obligatory 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +I've been a longtime lurker on this sub since it was <1m degenerates, finally clicked the join button around Dec/Jan. It's great to see many new redditors take an interest in WSB, but for the love of Elon Musk, **READ THE POSTING GUIDELINES AND STOP MAKING THINGS UP!!!** + +There is a case for GME, given the new CEO/CTO, console cycle, and massive short interest/short position (even at the real 42-43% SI and 21m SP). Those are factual events and numbers. What isn't the case are bagholders who have less of an understanding of the stock market than u/1r0nyman. It's one thing to hype up GME as a resurgent mecca in retail. It's another thing to **not understand how certain metrics are calculated, when/how data is reported, and blatantly make up numbers** because it fits a delusional reality where GME is going to be $10000/share. I'm not saying GME isn't ripe for another squeeze, but be reasonable. Think about what certain share prices mean and the odds it could ever reach such a height. + +# Let me put it into context: + +&#x200B; + +|GME Price|Market Cap|Comparable | +|:-|:-|:-| +|$1000|69.7B|BP, Twilio, Anthem| +|$10000|697B|Alibaba, Visa + MC, JP Morgan + Wells Fargo | +|$69420|4,789,980,000,000|25% US Annual GDP, Apple + Microsoft + Amazon| + +When you dispute data from Bloomberg Terminal, the holy grail of Wall Street trading, you've lost the investing game. It's not even a casino-level bet, it's throwing cash into a fire pit and pouring piss martinis over it. Don't downvote someone because they disagree with your reality, challenge them. We all have opinions, and we can think the other degenerate's opinion is flat out dumb. But if your DD doesn't hold water, then it truly is dumb. + +# tl;dr It's great you love GME as a stock, I hope they do great and think they'll make a great turnaround. Just don't be untethered from reality, follow posting guidelines, and don't make up data +I’m 19 and taking a gap year. Next year, I’ll have to go to uni or tafe to do a course but idk what I want to do yet. Im a average digital artist and have average skills with making clothes. Im not 100% sure with fashion designer because it’s not really stable. Or Is there any other non creative career thats not too hard to get used to and would suit me? I would really appreciate any advice or tips from someone who is experienced. +Just received a (confirmed) legitimate email from ING saying that my accounts are being cancelled. No reason why. Just that they are. Upon calling them and confirming the legitimacy of the email, they have doubled down on telling me absolutely nothing. Just the time frame I have of getting my money out etc. Upon talking to a friend about this he said another friend has also had his account canceled for absolutely no reason. Only thing he was told was “policy reasons”. Was put through to a manager who said he’s “legally not allowed to tell me and that’s why he’s not given the info” + + +Has anyone else had this? This is just insanity. +Hi everyone, + +First off, this isn't an attempt to garner downvotes for contrary opinions. I'm keen to hear from people who got into the property market at any stage about how you did it. + +The main motivation here is my discussions coming off this comment I wrote yesterday mocking ['Steve from Bundoora'](https://www.reddit.com/r/australia/comments/i7e0h6/essential_poll_australians_more_worried_about/g11opig/) and his ability to get into the property market through obvious advantage. So, here are my questions to you: + +- When did you first buy a house +- Rough location (no need to be too specific, it is the internet) +- Was it a PPOR or an investment +- What financial assistance (if any) did you have +- What's your opinion on the housing market now for those looking to buy in? + +That's it! I know there are varying opinions here, but I'd love to hear from people who are in the market now, without a pile-on of downvotes. Happy to adjust questions if needed, thanks! +Reducing or annihilating my HECs would be the single best thing that could help me boost my ability to get a decent home loan. Plus the government would be incentivising people paying their HECs off faster. What am I missing? Why isn't this a thing? + +&#x200B; + +I know it doesn't make sense to pay HECS down with my after tax salary as the cash is better of in a HISA, but now that I have saved a deposit, it's shocking to see how the HECS loan is being counted as a liability and therefore reducing my borrowing power. + +&#x200B; + +Also (rant) it grinds me that ATO withholds my HECs portion of tax with each pay, but only deposits it into the HECS loan at the EOFY - i.e. after it is indexed in May. I know that this is hard to avoid but it just grinds me. Why don't they index on 31 October :( And then the banks use the HECs figure per the ATO website without considering any PAYG compulsory contributions through the year. i.e. blah blah blah credit is tight blah +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +In a speech at the Sanya International Finance Forum in Hainan, China, Wu Xiaoling, former deputy director of the People's Bank of China, current member of the National People's Congress Standing Committee, and current Tsinghua University Wudaokou Finance College dean said: + +"Private digital money can coexist with government money." + +"Coexistence of private money and government money will be a normal part of our world." + +"A new value transfer network based on open-source, distributed information technology will reduce costs and increase efficiency; it is worthy of exploration and development." + + + + +This is the highest-ranking government official to have made such positive public statements about bitcoin. + +Huobi CEO Leon Li also spoke at the event. + +http://business.sohu.com/20141214/n406932651.shtml +Please don’t tell anyone I’m in here because I don’t want my cover to be blown. I’ve gone deep undercover as a Jamba Juice employee and infiltrated the nearby GameStop bathroom under the guise of “really needing to go”. I’ve set up shop in here and will be letting everyone know what I hear as it goes down. + +7:43 PM- I’m going to sleep on this pile of “A League of Their Own” Funko Pops and think all of this DD over. Shout out to the ape that brought me a lunchable and slid each individual piece under the door one at a time. + +7:10 PM- Guys I may have stumbled onto something big. I’m learning that GameStop doesn’t sell shorts. Read that again. GameStop doesn’t sell shorts! So let me ask you this, how can someone short what doesn’t have shorts?! That’d be like naked shorting or something! + +6:53 PM- Not enough petting zoo games. Would be a catalyst for sure I imagine. + +6:40 PM- GameStop is an anagram for Mage Tops. Nobody is talking about this. + +6:17 PM- Noticed that when volume goes up and down on GME, the sound on my phone is not correlated. Bullish. + +5:50 PM- I just realized that Roaring Kitty is u/Deepfuckingvalue and apparently they are the same person as Keith Gill. + +5:28 PM- Some guy just bought a copy of Just Dance 2021 saying it was for “their child”, but I think it was really for himself. Might see a slight uptick or downtick in after hours depending on his score. + +5:16 PM- If numerology has taught me anything, it’s that counting stuff usually means something. The problem is not knowing what exactly to start counting. The 4 Mario posters or the 20 used copies of Assassins Creed Valhalla? + +5:00 PM- This GameStop bathroom has 2-ply. This is a good sign for me personally. + +4:47 PM- According to a Forbes magazine accidentally put in my mailbox instead of my neighbor’s (I returned it), a guy named Ryan Cohen once started an online pet company called Chewy and sold it for over 3 billion dollars. Just realized It’d be cool if he met the guy who just bought the chair boards for GameStop. Gonna call that a bullish scenario but the odds are crazy and I like to stick with facts. + +4:33 PM- Some eagle eyed investors are telling me the market will be open tomorrow at 9:30AM EST. Check your own facts but I believe this to be correct. + +4:22 PM- Some drama outside the bathroom door now. Seems like Alice wasn’t expecting to work tomorrow but Gabe called off. His history of calling off last minute may be bullish for Alice although she was apparently hoping to go to her friend Carol’s bridal shower. Will update if hear more. + +4:12 PM- GME closed at $170.24 which if you’ll remember is exactly what I would have predicted if I had made a prediction. + +4:04 PM- Overheard a new game Resident Evil Village is coming out next month with a tall lady vampire. Good for VWAP because V for vampire and Cardi-B did that song. + +3:55 PM- I’m supposed to tell everyone I’m not a financial advisor I heard also. This is probably hard to believe for anyone reading, but I’m not. Even when I say I think we’re gonna close somewhere in the $100-200 range today, you can not take that as financial advice because even if I’m right, I don’t want anyone thinking it’s because I’m a financial advisor, because I’m not. + +3:44 PM- By now you’re probably wondering what qualifies me to give you such high profile information. I can’t say much but I will tell you that a karate class down by the old KFC/Taco Bell was involved. + +3:35 PM- Kid at the Build-a-Bear is screaming that his Tom Nook’s nose is on crooked. Short attack? + +3:26 PM- Before locking myself in here, I asked Alice at the counter if I could buy some shares of GME. Was not success. + +3:10 PM- This bathroom also doubles as a storage room for extra Funko Pop figures which seems convenient and bullish. + +2:55 PM- Forgot my animal crackers in mom’s car + +2:45 PM- Ok so Deke, who is the assistant manager claims something called “New Pokémon Snap” is coming out to a customer. I don’t know what this is but Catalyst? + +2:36 PM- Sounds like PS5s are selling out everywhere, so as soon I’m done with this I will probably try to preorder a PS6. + +2:20 PM- apparently someone named Ryan Cowan is buying new chair boards for the company. Hard to hear what April was talking about through door because the Build-a-Bear next door is hosting a birthday party. +Originally I intended to leave a response to a fellow Apian. However given the importance I wanted to expand upon it in an entire post….damn you comment word limits. I’ve posted and commented on shit going down in the market as it relates to behaviorism, but it’s important for all folks to understand a bit better. My educational background is predominantly in education but I also have 1500 supervision hours, am an MSEd and hold additional credentialing courses to sit for my behavior analyst board exams this summer. I aint just blowing smoke up your shiny hiney. + +u/zerolimits0 had posted a response over here[Right here](https://www.reddit.com/r/Superstonk/comments/o526t1/ape_news_network_62121_breaking_news_the_shorts/h2nlj4w/?context=3). Ya know, our awesome sign dude was showing where Kenny G or his henchman had their own sign placed stating they covered lol. + +This was some of our responses to one another. (I don't have a damn clue how to put a gallery here....sorry. Three stacked photos will have to suffice. Sorry again). + +&#x200B; + +[Uh](https://preview.redd.it/36o9r01sgu671.png?width=821&format=png&auto=webp&s=62c200eae18b160703379416f416b277aad58c73) + +&#x200B; + +[deux](https://preview.redd.it/4wmahcuugu671.png?width=787&format=png&auto=webp&s=2f14a62b8685a276cd19b4950125c3b2c98520dd) + +&#x200B; + +[twa](https://preview.redd.it/2nhkjkpwgu671.png?width=749&format=png&auto=webp&s=038b135bc17615217cba209839c05025909335eb) + +As said previously I was just going to comment. This is what I originally was going to respond with: + +*It's pretty bonkers but it's fairly basic. And it's pretty effing wild how blatant their behavior is to manipulate people to do certain things.* + +*Essentially it's this on every level with MSM, Shitadel, all of them:* + +*"Attention so people listen to them so they can escape money loss and escape the bullshit situation they created that they didn't realize would come to fruition so they hopefully can save some of their tangibles...ie their fucking money.".* + +*While I'm sure they all get off on the shit, sensory/automatic reinforcement really isn't at play here* + +*I realized it would be dumb to comment this without expanding further. So ‘eeeeere we go.* + +&#x200B; + +# Foundational concepts, keepin it basic yall.: + +‘Ere we go. This is an attempted quick foundation course in Behavior Analysis through basic vocabulary. + +**Stimuli/Stimulus:** anything within an environment. Can be a person, animal, inanimate object, a movement, a change like a sound, lights on/off, etc. + +**Reinforcer**: Any stimuli that increases behavior + +**Punisher**: Any stimuli that decreases behavior + +**Reinforce**: Behavior increases + +**Punish**: Behavior decreases + +**Function**: the reason for behavior. + +* There are four functions of behavior. Sensory, Escape, Attention, Tangible. +* \-It was once believed that one should look at one specific function for behavior, however Greg Hanley and other practitioners heavily predicate the importance of considering multiple functions as they essentially enhance one another. Amazing video. This concept specifically starts around[ 1 Hour 5 Minutes. ](https://duckduckgo.com/?q=hanly+function+of+behavior+assessment&iax=videos&ia=videos&iai=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DrB65QnVkKjw) + +**Establishing Operations**:Anything that happens that sets the stage for people to engage/disengage in possible behaviors. + +**Motivating operations**: something that sets the stage for people to be more likely to engage in a behavior + +* *Ex: I haven’t had anything to eat since last night. If I drive down the road and see a sign with a burger, I might go get myself a damn burger.* + +**Abolishing operations**: something that sets the stage for people to be less likely to engage in a behavior + +* *Ex: I just pigged out on pizza. If I drive down the road and see a sign with a burger I’m less likely to get myself that burger.* + +**Unconditioned reinforcers/punishers**: Nobody needs to make us want/like/dislike shit. This shit just comes nat-UR-al. + +&#x200B; + +# It’s important to note that there are a variety of functions based on the job of each person so explicit functions may have slight variances regarding behaviors of individuals within different groups. It is important to note that behaviorism aligns specifically to the study of individuals rather than conglomerates of groups. However I would argue that given that there are behaviors in play which benefit specific individuals in exactly the same way within the same conglomerate one can deduce that each individuals behavior is aligned with a predicated target in mind, thus the behaviors of each individual in each group is going to be aligned with the needs of each conglomerate in mind. + +&#x200B; + +**Let's attempt to do a little not so functional analysis of the behavior, shall we? Gonna look specifically at the descriptions of all teh shit they've done and compile my insights right 'ere:** + +# MSM + +is always going to be attention driven given that they rely on viewership for monetization. However they also are owned by head honchos within the market, thus their tendies (tangibles/money) rely on their boss writing a check. Boss writes check if they say what they want them to. + +# Shitadel and Other Market Makers + +Look at all they're doing to get people to believe/disbelieve certain aspects within the market. They're paying shills to sit on reddit/yahoo. They're writing up lovely propaganda within MarketWatch and Motley Fool. Even going and putting up a daggum sign near the road saying that "hedgies have covered". They want attention in one form so they can escape the attention of another form. + +What’s kind of crazy and makes me sick when I think of it: You’d hope they’d also have the behavior function of escape when considering the mess they’ve made. But has their behavior regarding shorting stocks decreased? No. It has stayed consistent to what they have been doing. Nothing is causing a decrease in their behavior….yet. There has not been any stimuli thus far that has been deemed aversive enough to create a contingency where their behavior is punished. + +(Please note that within behaviorism..punishment and reinforcement do not equate to bad/good. It just means punishment=behavior decrease, reinforcement=behavior increase. If I smoke cigarettes and stop something, I’m punishing the behavior that was previously reinforced...but damn that’s a good behavioral contingency for it to have punished that behavior). + +Those slap on the wrist fines they get? Yeah that shit aint doing nothing to cause a decrease in their behavior. And the data shows. They have tons of money so they are essentially in a state of satiation. When you’re satiated towards a stimuli (money here), you’re less likely to engage in behavior to attain that money. + +It’s also been mentioned that they may have zero intention to cover. + +[Uno](https://www.reddit.com/r/Superstonk/comments/o33gvh/just_a_friendlfy_reminder_of_the_cost_to_borrow/) + +[Dos](https://www.reddit.com/r/Superstonk/comments/n6ly3b/after_hearing_shorts_didnt_get_margin_called/) + +[Tres](https://www.reddit.com/r/Superstonk/comments/o0wi78/was_using_some_old_pallets_when_i_noticed/) + +Relying on the possibility of a bailout. Their behavior actually backs this theory up. They are not trying to escape the mess they’ve made. They keep shorting the stock. They’ve imploded the cryptos and random stocks to increase their liquidity and have utilized that liquidity the short the stock additional times. IF they were trying to escape the mess they’ve made they would have utilized that money to start covering. They have not. The government has bailed out banks in the past. The government bailed them out in the past under a similar administration (dude was vice, now he’s president), and they have experienced a behavioral contingency which has reinforced their current behavior. From this perspective their behavior is operant behavior because of the consequences of their same behaviors in the past. + +# Government + +“Everything is OOOOOK”. They want no attention here. Having tendies might be nice yeah. But the function at play regarding their behavior (considering specifically the meeting from yesterday with Yellen, Ginsler, Biden, etc.) is to escape any questioning of our financial circumstances. Escape people’s onlooking eyes. Escape people probing and prodding when they should just stay in their “lane” as the public. + +# NCC/ICC/DTCC + +Tangibles. Escape. They know (and the beautiful DD out there has shown) shits gone awry. What can they do to minimize any blows they take? Let’s put in some new rules and regulations. It’ll be less of a blow at the front and save some of their tangible tendies if they start slowly incorporating some rules and regulations into their market. Escape: They gotta get out of this damn shit storm MMs played. + +# Apes + +Our behavior plays out in a few different ways when considering this situation. + +**Tangibles** + +* Dude. We want the effing tendies. Money is a major unconditioned reinforcer for us. We also have motivating operations in play that increase our behavior momentum. Alot of us work normie jobs (not all, sure there are wealthy wealthy whales out there). Alot of us are likely middle class/lower class. The opportunity for money has us diamondhanded. We’ve never had millions and millions so that is reinforcing for us. We’ve been desensitized to punishment of short attacks. We just hold and hold cause honestly...we’ve never had millions so it is definitely a reinforcer. There is no satiation here, we are in a state of deprivation which makes us even more likely to hold that good boi behavior of engaging with this stock. + +Here our lovely money can be used to purchase backup reinforcers. Backup reinforcers are lovely things like: + +\-Lambos + +\-Dogs + +\-Cats + +\-Gamestations + +Ability to donate to charities + +\-Trips to Disney World + +\-Buying a new pair of shoes when you’ve been wearing the same ones for 5 years straight. + +\-A house + +\-A chicken coop + +&#x200B; + +**Escape**: + +1. Escape the corruption. Corruption on so many freakin levels. +2. Escape poverty +3. Escape working for the damned man. +4. Escape coworkers who talk about dumb shit +5. Escape your beater of the car that was a handmedown from your mom and the headrest keeps popping off. + +**Attention**: + +!!!Here this basically is why we engage with one another here rather than why we hold the stock as it was for Tangible and Escape!!! + +1. Attention from others so they can stave off against poverty +2. Attention from other to share information +3. Attention from others so we can get help. +4. Attention on the issues of financial corruption with the attempt to change shit up. + +&#x200B; + +&#x200B; + +# tl;dr: + +&#x200B; + +[All good things](https://preview.redd.it/2atpi5csju671.png?width=500&format=png&auto=webp&s=28d3653da422c05d592e991ba2d5a05273c4b53e) + +There are scientific explanations for their behavior....and ours. All good things...all good things. Hold your stock. \*Just as you would have even if you never read this....\*None of this is financial advice. Just a mere monkey woman here. + +&#x200B; + +&#x200B; + +Want to learn more? + +Go look into Cooper, Heron, Heward; B.F. Skinner; Greg Hanley. Good place to start :) + +&#x200B; + +# Edit 1: + +u/[**CANTPRONATWORK**](https://www.reddit.com/user/CANTPRONATWORK/) **commented and reminded me I'd forgotten extinction!!!! It was somewhat intentional as I didn't see it playing directly alongside the functions of behaviors...but there is one example of this shit wayyy down there at the bottom of Edit 1, which is something yall would probably get a kick out of.** + +They said: + +*Thanks for the breakdown! I do wish you'd touched base on extinction which is something apes should be striving for.* + +*(for anyone reading this who's unfamiliar, extinction is basically where the reinforcement stops working, ie: the scare of dips lessens)* + +&#x200B; + +**Extinction** is a critical aspect within behaviorism. It's important to clarify here that ***extinction is not where reinforcement stops working***\*\*\*...but it's when reinforcement is no longer being given.\*\*\* Personally...while I think extinction is good in some circumstances...I don't necessarily agree with it being something we should be striving for specifically at face value. However if the entire financial system stopped reinforcing these dickheads that would be schweet. In essence they somewhat are by putting rules like ohhhh 002 into place where they can margin call them any fucking time rather than them getting to dick around all but once/twice a month. + +Extinction is where something that has been previously reinforced is no longer reinforced. Personally I would disagree about the scare of the dips lessons being extinction. That would be desensitization. However, if Kenny and his boys have been used to shorting companies into death spirals and getting away with bankrupting companies and not having to pay tax money on their income.....and all the sudden when they can't short a company into bankruptcy. **Aw shit that is extinction.** + +&#x200B; + +Along with extinction comes the lovely **extinction burst.** An extinction burst is a rapid and greatly magnified burst of unwanted/often aggressive behavior that can take place when a behavior that they were previously reinforced for stops. Remember that video of the folks at Citadel (or was it Melvin?) When they started busting shit up and shouting "WHY AREN'T THEY SELLING!?". That my friend was an extinction burst. They were used to folks selling. Their previous behavior of shorting increased and stayed because they were reinforced by it. They made money from that shit and it was reinforcing. They were used to shorting stocks-price goes down- people sell. Ohhhhh but this time stocks get shorted-price goes down-people hold. They did not likie that one bit. This is precisely an extinction burst. + +&#x200B; + +# Edit 2: Had to bold highlight some shit. +These pumps destroyed me completely. Lost about 27k, I guess lesson learned. I still don't believe that it's a bullish market so I wish I had more time but my puts expire on 4/17. Oh well. Anyone else in the same boat? If so, how are you handling it? +Hello everyone, noobie here. I know Cannabis stocks have been falling as of late but once they start to pick back up should I invest in some of them such as Cronos, Canopy Growth, or Tilray? +Many articles describe the movement of DOW, S&P500, etc with points. For example DOW has has dropped x points. However wouldn't it make more sense to use a percentage so that we can easily compare price movements at different times? If the dow is increasing over time, 100 points is worth much less now than a previous time. + +Or is there a significance to points that I am missing? +https://www.cnbc.com/2019/07/10/jpmorgan-creates-robo-adviser-you-invest-portfolios-with-free-etfs.html + +After years of development, J.P. Morgan is releasing a digital investing service called You Invest Portfolios. + +For an annual fee of 0.35% of assets, J.P. Morgan will put users into an investment portfolio made up of the bank’s ETFs. + +Unlike most rivals, J.P. Morgan is waiving fees for the underlying investments, which should cut investors’ costs by about 15 basis points, according to the bank. +I have been in crypto space since many years but never touched "leverage". +Few hours back just out of curiosity I tried leverage on Binance. + +I started with 78 USDT and used leverage of 3x with BTC, voila I made a profit of few dollars and felt like a king. I increased the leverage to 5x and the winning streak continued. + +Next, I leveraged with Ethereum and leveraged 10x and it was wonderful. I was feeling on the top of the world, nothing could stop me. + +After first timers luck the degen ape in me woke up and I leveraged 25x on ShibaInu and the house of cards came falling in front of me. All of my profit from earlier trades was wiped out and my capital of 78 USDT decimated to 50 USDT. + +I was hysterical and went all in on Shiba again with leverage of 50x and recovered my loss and made a mind boggling profit of 5 USDT. + +My take from my experiment with leverage : + +1. Don't leverage, Don't play with futures, it is very demanding. +2. You will be constantly checking prices/profit or loss. +3. It is addictive and this gambling can ruin you financially. +4. My mental peace was gone and I was barely able to sleep for 2 hours and even in my sleep I was dreaming about charts. + +conclusion - Don't leverage / play with future else it will destroy your future. If you want to do it properly follow stop-loss. +I used to be really poor, making $19K-$20K during my 20s and early 30s. Then I put myself through community college, taking classes at night and graduating with a BA. I was able to get white collar jobs after that, so I've been making about 50K for the past two years now. I thought my years of poverty and making minimum wage had taught me how to be smart about money, so I thought I could 'treat' myself and allow some lifestyle creep. + +I didn't realize how bad my lifestyle creep had gotten until something happened recently. My best friend of 20+ years was going to be evicted from her home and she was going to lose her car as well. These debts were all incurred by her husband, so I emptied my bank accounts to help her out. My home is paid for (I inherited it) and since I didn't have to worry about rent or transport, I figured I could scrape by until my paycheck comes in on the 27th. + +However, I underestimated just how bad my spending habits had become, and how I'd unlearned all the thriftiness I learnt during my days of poverty. I tried all my old tricks: cleaning out my change bowl, digging out my pantry, bringing leftovers to work, cutting open my shampoo bottles and toothpaste tubes when they run out. However, there's only so far that these things will stretch and I'm just really fortunate that my check is coming in two days, and my friend will be paying me back the money by the end of the year. + +It got me thinking about those in real poverty and how not having enough money to eat, get to work or even buy toothpaste is an everyday reality even after your paycheck has come in. I feel ashamed about my lifestyle creep and I realize how wasteful I normally am. + +It has been a wake-up call so I'm resolved to be a lot less wasteful once I build up my emergency fund again. Those daily $2 coffees and $10 lunches are inexcusable. + +EDIT: I know many of you are calling me stupid for helping my friend out. I know it's normally a dangerous move as I may never see the money again, but I'm honestly okay with it because I can survive without it even if she doesn't pay me back. Like I said, I've known her for 20+ years and she's like a sister to me. Once, this woman and her husband dropped everything and drove all night to come bail me out with their meager savings when I got arrested once in my 20s. So now it's my turn to help them out. Like I said, I've made my peace with never seeing the money again - it's not part of my retirement savings, which are completely separate and untouched. + +I had to check and make sure I didn't post in /r/personalfinance or something. Of all people, I thought the /r/povertyfinance folks would understand falling on hard times and hoping family or friends would help on a rainy day. +https://preview.redd.it/i5o29ekxmnb81.png?width=700&format=png&auto=webp&s=c25fe2c48eec3268d3b9c99dd34fb083e286ea25 + + + +**The IRS revealed earlier this year that it has seized $3.5 billion in the fiscal year 2021. According to reports, the US government has seized 170,000% more cryptocurrency this year than it did in 2019. Jarod Koopman, director of the Internal Revenue Service's cybercrime unit** + +[https://news.coincu.com/47346-us-seized-1700x-more-cryptocurrency/](https://news.coincu.com/47346-us-seized-1700x-more-cryptocurrency/) + +\-------------------------------------------------------------- + +**Executive Order 6102** is an [executive order](https://en.wikipedia.org/wiki/Executive_order_(United_States)) signed on April 5, 1933, by [US President](https://en.wikipedia.org/wiki/US_President) [Franklin D. Roosevelt](https://en.wikipedia.org/wiki/Franklin_D._Roosevelt) "forbidding the [hoarding](https://en.wikipedia.org/wiki/Hoarding_(economics)) of [gold coin](https://en.wikipedia.org/wiki/Gold_coin), [gold bullion](https://en.wikipedia.org/wiki/Gold_bullion), and [gold certificates](https://en.wikipedia.org/wiki/Gold_certificates) within the continental United States." The executive order was made under the authority of the [Trading with the Enemy Act of 1917](https://en.wikipedia.org/wiki/Trading_with_the_Enemy_Act_of_1917), as amended by the [Emergency Banking Act](https://en.wikipedia.org/wiki/Emergency_Banking_Act) in March 1933. + +The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsening the [depression](https://en.wikipedia.org/wiki/Great_Depression) as the US was then using the [gold standard](https://en.wikipedia.org/wiki/Gold_standard) for its currency. + +[Presidential Proclamation](https://en.wikipedia.org/wiki/Presidential_Proclamation) [2039](https://en.wikisource.org/wiki/Proclamation_2039) that forbade the hoarding 'of gold or silver coin or bullion or currency', under penalty of $10,000 and/or up to five to ten years imprisonment. +If you were only able to purchase a single dividend stock and had to hold it for 20+ years which stock would it be and why? I have asked myself this question recently and with dividend stocks having such a wide range of sectors and payout amounts it is hard to decide on just one company so I was wondering what your opinions are. +Most ppl see O as a safe and consistent investment and I was wondering if there are similar examples in the other sectors that could be pointed out +Thanks in advance +SCHD vs VYM, if you were to pick one and go all in, what would it be? + +I have been hearing/reading that SCHD is better than VYM. I wanted to get some advice on this. + +Thanks in advance. +I (23F) and my fiancé (22F) live in an apartment with our two cats. I find that we are continuously purchasing the same stuff from the grocery store every week because we don’t really spice up our snacks and extra foods. Would getting a Costco membership be beneficial to us? +I’ve always wondered this since I don’t understand it much nor have I been in the position lol + +Say someone makes $500,000 off a token, decides to cash out, sends it to coinbase or etc wherever, then sells it on there, do you just then deposit it from there into your bank? + +I mean I would assume the bank would be questioning where this came from or if it’s legal etc if you’re someone who just typically makes like 60k a year lol. + +How does that work or what does one do? + +Especially cause sometimes coins just skyrocket and people wanna take their profits fast +Before we get more in depth on why I think **charity tokens** are, literally… **dogshit**, and why this token finally brought me personally **from beta to alpha** on them… I know some of you are **absolutely mentally incapable apes** who would rather forego eating bananas for 2 weeks than read this article before buying. So without further adieu.. + +**$MUNCH** — 0x944eee930933be5e23b690c8589021ec8619a301 + + +***Back to our regularly scheduled programming for anyone who’s not an NPC Fiverr enigma.*** + +While I originally intended to do a different pick for my second FBTA series… I came across **Munchtoken** today and 100% figured it was another idiotic food/meme scam. + +But then I realized, so many things I originally think are absolute **degen apetard rugrat etherfodder**… they become clearer when I peak under the hood. **Since this wasn’t a stupid fucking dogrug animal charity rug,** I decided to click on their site: [https://munchtoken.com/](https://munchtoken.com/) and read their whole whitepaper: [https://munchtoken.com/docs/munch-whitepaper-v1.pdf](https://munchtoken.com/docs/munch-whitepaper-v1.pdf) + +Needless to say I was impressed, and found the branding, cause, and my overall interaction with he team extremely professional and pleasant. But there are a couple takeaways that really kind of opened part of my soul. + +Last year I found a developer who had made a channel called **Flow Protocol** in Telegram. I became the first buyer and I told him to lock his liquidity. He did, and away we went on a ride. Her name was **Morpheus**, and you may know her as the dev who re-invented finance through **Autonomous Liquidity Generation** upon her creation of $RFI **Reflect.Finance.** + +I knew Morpheus was a genius, but her concepts were **bastardized with an army of fork rugs and memey bullshit**… and a lot of the greatness he created was lost to…. once again… **fucking dog rugs**. + +Seeing my friends work being implemented into a ***really well put together charity token for a true human cause that we ALL should be using our wealth to help end***… that really made me feel something by the end of the whitepaper, and that is **rare**. + +Making a good profit on an investment isn’t such a bad bonus **;)** with emojis as a mainstream currency, the world has changed. Plus, **their contract auto deposits the $MUNCH being donated to a charity** we choose every month by vote. I love it. + +**\*UPDATE\*** + +**The team doxxed themselves about an hour ago**. Solid team, real world experience and connections. This is a charity token I can get behind. +This is a megathread for all news related to US regulators subpoenaing Bitfinex and Tether. All related posts on the frontpage will be removed in favor of this megathread to focus conversation. + +As always, please keep the comments civil. + +The dates were updated since the news first went out, but the news is still relevant and the implications may still be large. They received a subpoena on 6 December 2017. + +--- + +"U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether" - [Bloomberg](https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc) + +"Bitfinex and Tether said to be subpoenaed by CFTC" - [ForexLive](http://www.forexlive.com/news/!/bitfinex-and-tether-said-to-be-subpoenaed-by-cftc-20180130) + +"Cryptocurrency exchange Bitfinex reportedly subpoenaed by top regulator" - [Business Insider](http://www.businessinsider.com/cryptocurrency-exchange-bitfinex-reportedly-subpoenaed-by-cftc-2018-1) + +"Bitcoin crashes anew as Bitfinex, Tether probed" - [Macro Business](https://www.macrobusiness.com.au/2018/01/bitcoin-crashes-bitfinex-tether-probed/) + +"Regulators subpoena Tether and Bitfinex" - [Mashable](https://mashable.com/2018/01/30/tether-bitfinex-cftc-subpoenaed/) + +"Report: CFTC Sends Subpoenas to Bitfinex, Tether" - [CoinDesk](https://www.coindesk.com/report-cftc-sends-subpoenas-bitfinex-tether/) + +"Why Tether's Collapse Would Be Bad for Cryptocurrencies" - [WIRED](https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/) + +"Financial regulators subpoena major bitcoin exchange: report" - [The Hill](http://thehill.com/policy/technology/371432-financial-regulators-subpoena-major-cryptocurrency-exchange-and-token) + +"Bitfinex, Tether Get Subpoenas From US Regulators" - [CoinTelegraph](https://cointelegraph.com/news/bitfinex-tether-get-subpoenas-from-us-regulators) + +"Tether and Bitfinex Crypto Companies Subpoenaed by U.S. Regulators" - [Investopedia](https://www.investopedia.com/news/tether-and-bitfinex-subpoenaed-us-regulators/) + +"CFTC Looking Into Bitfinex and Tether As Digital Tokens Face Scrutiny" - [NASDAQ](http://www.nasdaq.com/article/cftc-looking-into-bitfinex-and-tether-as-digital-tokens-face-scrutiny-cm913325) + +"Tether Reportedly Subpoenaed by CFTC" - [ETH News](https://www.ethnews.com/tether-reportedly-subpoenaed-by-cftc) + +"U.S. regulator subpoenas cryptocurrency platforms Bitfinex and Tether: source" - [Reuters](https://www.reuters.com/article/us-usa-cftc-subpoena/u-s-regulator-subpoenas-cryptocurrency-platforms-bitfinex-and-tether-source-idUSKBN1FJ2ZK) + +"How Bitfinex, Tether are raising eyebrows in the cryptocurrency market" - [MarketWatch](https://www.marketwatch.com/story/why-bitfinex-tether-are-raising-nagging-questions-in-the-cryptocurrency-market-2018-01-30) + +"US regulators are investigating a major cryptocurrency exchange, raising suspicions of fraud" - [The Verge](https://www.theverge.com/2018/1/30/16951928/us-cftc-subpoena-bitfinex-tether-fiat-stablecoin-fraud-suspicions) + +"Bitcoin subpoena news smells like insider trading" - [SlashGear](https://www.slashgear.com/bitcoin-subpoena-news-smells-like-insider-trading-30517491/) + +"Bitcoin Price Drops Below $10,000 As Bitfinex, Tether Get Subpoenaed" - [IB Times](http://www.ibtimes.com/bitcoin-price-drops-below-10000-bitfinex-tether-get-subpoenaed-2647425) + +"Bitfinex and Tether Receive U.S. Subpoenas (How is a USDT made?)" - [BTCManager](https://btcmanager.com/bitfinex-tether-receive-u-s-subpoenas-usdt-made/) + +"Bitcoin bleeds over news of US government subpoena" - [The Next Web](https://thenextweb.com/hardfork/2018/01/30/bitcoin-bleeds-over-news-of-us-government-subpoena/) + +"U.S. Regulators Send Tether and Bitfinex Subpoenas" - [Bitcoin.com](https://news.bitcoin.com/u-s-regulators-send-tether-and-bitfinex-subpoenas/) +EDIT: u/serbeardless **brings up a good point. The float is now 30 million, not 26.5 million assuming we add the 3.5 million GME sold.** + +That would bring the math to \~50% on the example in my TLDR + + +&#x200B; + +TLDR: + +I have calculated the lowest possible amount of shares that we own of the float. I guarantee it cannot be lower than this because I have purposely assumed some extremely bearish shit just to show that even doing shill-math-vibes that we are still holding onto a seriously yummy bag of tendies. + +Use this in the future should the FUD cloud your emotional sanity and judgement. This is the absolute lowest value for what Superstonk exclusive apes own. + +So.......... + +If r/superstonk were the only group of apes on the planet who knew what was going on with GME, and within that group, only 75% of us actually owned GME (Gaussian Distribution xx ape majority at 50%). WE'D STILL OWN 55% OF THE FLOAT. Add r/Wallstreetbets \+ r/GME \+ Twitter + my dad + my girlfriend + my girlfriend's friend from her class who's literally never heard of reddit before, and MAN you have a seriously heavy soup of idiots going to Tendieland. + +\-------------------------------------------------------------------- + +Okay so again, I had to make a lot of assumptions for this one so let's talk about those first. Please help me better my DD if you find anything, I'll update it live if there's any improvement I can do. + +&#x200B; + +* Assumed only Superstonk apes are a part of the fight +* Assumed only 90%, 75%, and 60% actually had balls enough to buy GME +* For the Gaussian Distribution, I created 3 separate scenarios (thin, med, broad) for each situation +* Float is 26 M still right? lemme know if that one changed lol +* This one is a huge assumption: all x, xx, xxx, xxxx = 1, 10, 100, 1000. This makes it extra bearish. +* I omitted "xxxxx+" apes just to make it even more bearish of a situation + +\------------------------------------------------------------------------- + +Here's my graph shit: + +https://preview.redd.it/kyhokpys18y61.png?width=1816&format=png&auto=webp&s=088850ba8992582e1b3f5e03a1cc2ed9323e6f3c + +So let's walk through the math real quick: + +275k people in Superstonk + +i created 3 scenarios: + +10% bot rate, 25% bot rate, 40% bot rate --> meaning that I assumed only + +90%, 75%, and 60% respectively own GME. + +Then I created a distribution column for each situation, making another assumption that the majority by now have xx (10) shares. Then I made a narrow, medium, and broad distribution, which shares the load a tad on each column. + +As you can see the absolute lowest amount of the float that our fringe group owns in a broad distribution is 43.3% and the max is 64.95%. Again this is math that is trying to make the odds as unfavorable as possible for us as to have ammo against FUDs. There. I just gave you the most FUD math possible and it ain't even bad. If we middle class idiots in Superstonk are the only idiots on the planet following this to the end of a cliff, we still have roughly 50% on our own. Now you toss in a few hundred xx,xxx and xxx,xxx apes JUST from Superstonk and Jesus Christ. We don't even need to stress about other communities HODLing, we're a pretty strong community as is. + +Hope this calms the team down for a bit, I look forward to battle with you all tomorrow! + +Be excellent! +This is after paying bills and personal debts. I'll have about this much left after my budget and savings. After this contract job is finished at the end of December, I'm not sure where I'll be employed next, but my previous employer will likely accept me back, even though it's very low paying and barely pays my bills. + +Just looking for advice besides "save it". I'll be putting at least 1k into savings regardless. +We have 100k for a down payment and she brings home $10k/mo after tax. I am currently switching careers so I am not sure where I will land for salary, but previously I was making $100/hr (20hrs/week). We plan to stay in the house 8-10yrs. Are we crazy with the current market? I've been thinking this market was due for a big pullback but it's been a few years and it's just skyrocketing. We are sick of paying other people's mortgages but don't want to be left with a huge bag if the market crashes. Does anyone else feel the same? +I saw a (possibly alarmist?) article in the ABC that basically said Sydney could be pretty much unliveable in a few decades time due to routine 50 degree plus days: [https://www.abc.net.au/news/science/2021-01-24/heatwaves-sydney-uninhabitable-climate-change-urban-planning/12993580](https://www.abc.net.au/news/science/2021-01-24/heatwaves-sydney-uninhabitable-climate-change-urban-planning/12993580) + +Likewise, there was an article floating around a while ago about how some areas will soon be uninsurable due to climate change. Something along the lines of this: [https://www.abc.net.au/news/2019-10-23/the-suburbs-facing-rising-insurance-costs-from-climate-risk/11624108?nw=0](https://www.abc.net.au/news/2019-10-23/the-suburbs-facing-rising-insurance-costs-from-climate-risk/11624108?nw=0) (RIP Adelaide Hills). + +So my question is... Is this a concern anyone else has for choosing a place to live? Aside from temperature increases making a suburb a lot less liveable, I imagine things like uninsurability (or at least increased premiums) won't be great for things like capital gains or re-saleability if you ever want to move. +So a little background, my brother and I have very similar hobbies. We love eating out, driving nice cars, etc. however as the older brother I’m a few years older then him so I earn more than he does although he’s well on his way to fatfire as well but we are early in our careers (late 20’s). Long story short when we sometimes go out to eat I think it would be nice to pay for his meal because I want to be nice but I think I realize it might come off that he owes me for doing that and that’s the opposite of what I want. How do you do generous things for friends or family without looking like you are just trying to flaunt money or feel bad for accepting nice gestures? +For those of you that dont know, this is Peter Lynch: + +&#x200B; + +https://preview.redd.it/cdr62ff7jqi81.png?width=960&format=png&auto=webp&s=f5752413a7cf7e6d0ddfa796b830cfd24f0baa18 + +He's a legendary investor at Wall Street. +This man was named the head of the **Magellan Fund** at 1977 when he was 33 years old, which had $18 million in assets. He ran it for 13 yearsm, which allowed him to retire at 1990 at the age of 46, when the fund had grown to over $14 **billion** in assets. The fund annualized return was at 29.2%, more than twice the S&P 500 at that time - which means that he **consistently beat** the market. + +After his retirement, this legendary investor switched to philantropy and only managed his own stocks. + +So, I'm reading Peter Lynch's book called "Beating The Street", where he talks about his investiments strategies, the way he thought during critical momments and the market and so on. + +While I was reading, I've found this: + +&#x200B; + +https://preview.redd.it/erv8jkzwkqi81.png?width=799&format=png&auto=webp&s=fe3ddb1735f46a2236537cf890307cc8b11e9053 + +And then he proceed to argument that in many times that apparently the world would end, the market had some big crashes and then recovered and everyone was fine. + +This made me think about the whole situation we are now. I mean, there's Putin going berserker at Ukraine, Biden saying that Putin certainly will attack it, interest rates going up, COVID has a new variant, truckers at Canada and Trudeau being mad...... basically, we are all gonna die. + +Or maybe we are not gonna die and we'll be fine. We might even be missing some buying opportunities. + +To finalize this post, I'd like to quote Peter Lynch again: + + +https://preview.redd.it/c7eolmbllqi81.png?width=850&format=png&auto=webp&s=585f1db16cf74e02ca9da7ae632be98866d0322e + +We will all be fine. Just turn off the TVs and analyze this situation clearly. + +Wish you all best and sorry for any english mistakes, its not my first language. +I work a shitty retail job at Dollar Hell, I'm a keyholder so when the manager is gone, I'm the MOD. I work late counting the deposit. Sometimes until 10:45PM when the money is missing, which it usually is because of the new cashiers losing money. My manager edits my time card to 10:15PM every night that I close, even when I'm there way past that. I have let that slide for weeks because I understand that we can't go over hours that the store is allowed to spend. But this bitch finally pissed me off. Payroll ends Fridays. Friday afternoon at 3PM I would have had 39.75 hours. I worked until 4:30 BECAUSE SHE WAS LATE TO WORK. So that gives me 41.15, right???? No. She took my time card and edited back to 3PM. + +Please someone give me advice. If I call the ERC, I will have to deal with an investigation and she will be on my ass permanently until she finds a way to fire me. + +Edit: I have a coworker on my side that says her hours have been cut a bunch of times too and if anyone asks her she will tell the truth. +I live in BC canada and they raised taxes by 4% on incomes over 220k today. + +This is the 3rd raise in 5 years between provincial (2 times) and federal (1 time) for approximately an 8% increase in income tax. + +My marginal tax rate is now 53.5% + +The feds are gonna release a new budget next month and there is a good chance they raise taxes again on “the 1 percent” + +At what point would you say fuck it and work less? +I was wondering why they keep spreading everywhere news about HFs ”losing” x billions.They want people think the MOASS is over and just sell. + +Well, if hedgies lost all that money, who got them ? Did you ? + +Nobody is closing position, either covering shorts or selling stonks. NOTHING REALLY HAPPENED YET. + +We do have a huge potential of gains and the hedgies have a huge potential of losses which will be exercised during MOASS. + +So as far hedgies are not going bankrupt, everything is still on paper. +🚀 **Good Morning Everyone!!!** + +**Updates will also be on** [Twitter @ Corno4825](https://www.twitter.com/Corno4825) + +🚀 **Live Thread** + +**4:00 Update** + +Hmm. I'm not sure what I did wrong. + +It's whatever. They still need to close their shorts. + +I'm sure someone on Reddit's going to come up with a new theory. + +I hope anyone that was listening found that as hilarious as I did. + +Current Price: 158.30 + +**3:58 Update** + +If you ignore it's current dip. It's trajectory is \~ 182. You have to believe in Gamestop. You can't just worry about it anymore. Gamestop has grown. Gamestop has experienced pain. Gamestop is its own company now. It's going to do what it needs to do. Just trust. + +Current Price: 158.26 + +**3:47 Update** + +[http://puu.sh/HwRe7/eea8f6ddc9.png](http://puu.sh/HwRe7/eea8f6ddc9.png) + +HERE WE GO + +Current Price: 159.22 + +**3:38 Update** + +If you ignore it's current dip. It's trajectory is \~ 182. You have to believe in Gamestop. You can't just worry about it anymore. Gamestop has grown. Gamestop has experienced pain. Gamestop is its own company now. It's going to do what it needs to do. Just trust. + +Current Price: 157.85 + +**2:52 Update** + +Okay ya'll. I'm going let you have the most amazing experience if GME hits 180. [Load this Video.](https://www.youtube.com/watch?v=IvgyfqzLC0A) At 3:39PM and 46 seconds, play this video, sit back, and enjoy the show. This is how I am going to watch GME end the day today. + +If GME actually does hit 180, it will be the most surreal fucking experience of your life. + +Current Price: 159.10 + +**2:44 Update** + +[Trust the force.](https://www.youtube.com/watch?v=KuKqcfO31is) + +Current Price: 158.93 + +**2:35 Update** + +If you ignore it's current dip. It's trajectory is \~ 182. You have to believe in Gamestop. You can't just worry about it anymore. Gamestop has grown. Gamestop has experienced pain. Gamestop is its own company now. It's going to do what it needs to do. Just trust. + +Current Price: 157.16 + +**2:28 Update** + +Ya'll. We still got an hour and a half till markets close. I still think it'll go back up to 180. It's already starting to make its way there now. + +Current Price: 159.24 + +**2:19 Update** + +Hmm. I wonder if GME was merely trying to hit the SSR. It should go back up now. + +Current Price: 155.55 + +**1:24 Update** + +[This is literally what I'm envisioning right now.](https://www.reddit.com/r/wallstreetbets/comments/mnksbw/we_have_become_fearless/?utm_source=share&utm_medium=web2x&context=3) + +Volume is picking up even more. It looks like we're in for the long haul everyone. I still believe the fight is going to be for 180. + +Current Price: 157.04 + +**1:11 Update** + +The HFs are still pushing down. GME has been pushed below 160 again. Volume is steady compared to the last hour. + +HFs don't usually attack this this point. I wonder why now and later towards the end of the day. + +I still anticipate a strong response to all of this. + +Volume: 4,618,704 + +Current Price 157.53 + +**12:47 Update** + +I was going to go on a walk with Banjo, but it turns out that the whales are responding. Volume is STILL going up and GME decides it will not stay below 160. + +The questions is whether this is a skirmish or the start of a battle that will last for the rest of the day. + +I'm ready for some fucking action. + +Volume: 4,046,763 + +Current Price: 160.98 + +**12:41 Update** + +This is actually starting to get really interesting. Volume is still picking up. There was a relatively big spike at 12:38. GME is being pushed down below 160, but it seems as though it's a bit of a battle to keep it down there. + +HFs are making their move for sure. + +Current Price: 159.63 + +**12:32 Update** + +Okay, we're seeing a pickup of volume. Things are starting to get a little bit murky. We'll see where this turbulence will take us. GME is starting push towards the 160 line. + +Banjo spends at least 4 hours in the crate every day. I just took him out. [This is him waiting for me to let him out of the bedroom.](https://imgur.com/gallery/3flzoiW) We're probably going to go on a small walk soon because its so nice out. + +Volume: 3,500,000 + +Current Price: 161.30 + +**12:08 Update** + +Okay, I'm getting a lot of requests for recordings. I actually found one from 5 years ago when I was asked to be a part of the Southeast Horn Workshop's Honor Horn Choir. I'm a section player (not any of soloist sounding horns) and we literally put this together in an hour or so before recording it. It's not a perfect recording, but it's a bunch of young people who are working their asses off to create something amazing, which for me has always been more fun to listen to. + +[Hope you enjoy!](https://www.youtube.com/watch?v=J9KIYtUgexg) + +Current Price: 164.56 + +**11:56 Update** + +GME has stabalized at around 165. Volume is still really low. I'm assuming everyone is just waiting towards the end of the day because there's really no point in making a major move now. + +Retail is obviously not having any issues holding or buying at the moment. + +Once the whales jump in, there should be a buy frenzy that pushed GME back up to 180. They probably want to time it right so that the momentum can continue on into next week. + +This is kind of what I have been anticipating all week. We'll see if Max Pain Theory stays strong. + +Volume: 2,843,000 + +Current Price: 165.55 + +**11:43 Update** + +I just looked at r/Superstonk and I'm not anywhere near the top of the subreddit (remember when I somehow got above Warden on r/GME?) This is very good as it means that we're only comprised of all the chill people who like to vibe. All the haters have left and this has become a drama free zone. We really need to make sure we don't get too big again. Gotta keep my ego in check. + +We're happy to wait as long as we need to for the HFs to pay us what we're due. We'll just sit here and have a good time while we wait. + +Current Price: 165.05 + +[Current song](https://www.youtube.com/watch?v=MBLvex1PZ6U) + +**11:27 Update** + +GME is on its way down. I know most of ya'll are probably pissin' yourselves, but fear not. I'll try to explain this as Ape as I can. + +This be small dip. No big dip. Volume low. low low. + +When volume up, No Dip. We wait whales. Whales Volume. Whales want Max Pain. Whale give Max Pain when time right. Now not right time. + +Oh god, we're going to have so much fun now that I have my life starting to come back together. + +Yes, I took an edible. Bite me. + +Volume: 2,300,000 + +Current Price: 165.30 + +**10:58 Update** + +Alright. I am vaccinated. I've quit my job so I can finally go back to being a musician. This should also give me more time to work on projects with the stock market including GME. + +I'm in an incredibly good state of mind. My job was awful and the pay was terrible, but it was the only thing consistent and safe. Before Covid, I was a very successful musician (one of the lucky few that was able to make a living out of it). I've played onstage with Weird Al and have recorded on the soundtrack for a movie on Netflix. + +I'm hoping I can quickly make enough money to finally add on to my 2 shares (what's up fellow $300 apes) and actually help in this fight. I've missed so. many. fucking. dips. + +Ya'll have dealt with depressed Corno for a bit. This is fucking excited and manic Corno now. + +Hold on to your butts. + +Current Price: 166.26 + +**10:49 Update** + +Sorry Ya'll. I got caught up in work. This is looking like some weird polyrhythmic volatility. Polyrhytmic means that there are essentially multiple forms of volatility which causes these interesting shapes. Like you got a big volatility wave and a small volatility wave going on at the same time. I'm sure there's a technical word for it. I'm also probably too stoned already. + +Anyway.. + +It's ESSENTIALLY trading sideways. Volume's been pretty low so far. + +Volume: 1,790,000 + +Current Price: 167.46 + +**9:47 Update** + +I know there seems to be a decent amount of volatility, but we're only at a little above 650,000 volume. I wouldn't take these price swings seriously until we see volume kick up. I don't anticipate fireworks today, but I also don't anticipate for us to have another sub 8,000,000 volume day. + +Again, Max Pain Theory tells us that the whales will push for 180. The HFs will try to bring the price as low as possible to prevent that from happening. I anticipate that we will see a volume bump at some point that will bring that price back up. + +For now, let's watch this attack and see if the HFs can actually keep the price down. + +Volume: 660,000 + +Current Price: 166.33 + +**9:21 Update** + +I believe I am finally caught up with all of the messages I've received this week. Keeping up with what everyone sends me actually takes a decent amount of time. I understand how many of you are passionate about what we're doing here, and I want to make sure I recognize as many people as I can who have reached out to me to show support, offer feedback, or talk about Banjo. + +I'm impressed that I'm still gaining followers on twitter as I approach 2,000, however I didn't realize until just now that I have nearly 7,000 Reddit followers. I am absolutely floored at how many people are paying attention to my crazy incoherent ramblings. For everyone's sake, I will work to transition this from an emotional psychotic diary to a more serious and fact driven thread. I want to respect those that have chosen to use me as a source of information. + +If you send me a message and I don't respond, please don't be offended. I do promise that I read everything and try to get back to as many people as possible. + +OPEN THE MARKET + +Current Price: 169.79 + +**8:56 Update** + +I added Share Power numbers from next week to the Morning Report. You can find those on the bottom. + +Current Price: 170.00 + +**8:40 Update** + +The pre-market did start with a decent bump up to 175, but since then, it's gone back to where it ended yesterday. + +They did borrow \~335,000 shorts (315,000 GME shorts and \~20,000 ETF Synthetics) this morning. As always, be prepared for that opening bell attack. + +If Max Pain Theory is correct, we should see a bounce back today with an eventual fight to end above 180. + +I am at home today and will be doing a lot of number crunching to try and figure out how the Hedge Funds are using the Option Chain to bring GMEs price down. + +Shorts Available: 35,000 GME shorts, \~113,000 Synthetic Shorts + +Current Price: 169.00 + +🚀 **Morning Report** + +**Share Recall** + +As many of you have heard, if you own shares of Gamestop, you have the ability to vote in the Shareholder meeting happening in June. In order to do this, you must Recall your shares from your brokerage before a deadline that is dependent on the broker, but is coming up real soon. + +The interesting thing about recalling shares is that if your share is being borrowed for whatever reason, whoever is borrowing it needs to return that share to you. If there are a lot of retail holders whose shares are being borrowed, it could result in a massive buy back from everyone shorting the stock. + +Check with your brokerage and ask that your shares are recalled if you want to vote. + +**Option Chain** + +[Excel Sheet](https://docs.google.com/spreadsheets/d/1v4i13Yec7AFpby3sfonaAfzfcmLf8DrTj9nLYy1r7wk/edit?usp=sharing) + +Graphs- [1](https://puu.sh/HwKFz/185b439462.png), [2](https://puu.sh/HwKFB/89911d4652.png), [3](https://puu.sh/HwKG0/8fb3e2821b.png), [4](https://puu.sh/HwKG3/aa62628118.png), [5](https://puu.sh/HwKG5/51d8e9c455.png), [6](https://puu.sh/HwKGa/4f288c20cf.png) + +Balance Point and Max Pain Price Point - 180 + +A lot of Put options were bought yesterday between 175 and 107. I think I've figured out how to calculate the share power of those puts, but those require the Deltas from Pre-market Yesterday, which I did not record. I will keep track of this next week and see if I can figure out just how strong those puts were. + +I did however record the Deltas from today, multiplied them by their respective option totals for each strike price, and multiplied by 100 to get the share power each strike currently holds. + +Total Share Power from Calls: 729,682 Shares + +Total Share Power from Puts: -842,938 Shares + +Total Share Power from Options: -113,256 Shares + +What I imagine this means is that GME is currently manipulated down by 113,256 shares through options alone. I have not kept track of how this has changed throughout the week. I will do that starting next week. As time goes on, I believe this should eventually go to 0. This means that there should be some upward pressure as the day goes on. + +As the day progresses, I'm going to start looking forward to next week and crunch those numbers so we can have a baseline to look back to. + +\*\*8:56 AM Edit\*\* + +I did math on the share power from next week. + +Option Chain ending in 4/16 + +Total Share Power from Calls: 3,681,927 + +Total Share Power from Puts: -1,934,226 + +Total Share Power from Options: 1,747,701 + +This number will change drastically. I'm mainly documenting it so I can compare these numbers to what the numbers will look like after today. That will tell us how much they are manipulating the stock through this specific option chain. +Back in February I discovered that my cat was sick with FORL and needed mouth surgery pretty bad. The doctors quoted me at $800. Thankfully, the soonest surgery placement I could get for her was a month away. I decided to live on next to nothing and save as much as I could for her surgery. A friend also refered me to a charity that is specifically for low income people that have large pet medical bills. They were able to give me $100. I managed to save another $100. This left me with $600 for a medical bill that needed to be done. The vet office suggested I take out a low cap line of credit with Care Credit to pay it off. +Reluctantly, I did. I wasn't fond of the idea, but my furchild needed the surgery; She wasn't eating, she was in so much pain. +It was so rewarding to make the final payment yesterday. +EDIT: pics~ http://imgur.com/a/AkNpqHw +Hi everyone, I'm 28 and I've recently had a promotion at work which would mean I'm on 50k pre-tax. + +I've heard a lot of talk about salary sacrifice and increasing pension payments to give more take home pay. + +Could someone people explain what salary sacrifice is and how this could benefit me? I've done some reading online and I can't fully get my head around it! + +If it helps, I don't have any student loan payments +I just saw a news article that said if GME continues to rise it could cause losses to brokers and force hedge funds to sell other securities to raise cash. It said this may "ripple through the financial markets". + +Keep kicking their asses guys, but just be ready- if things go down then they will be the first fuckers on CNBC telling your grandma that her retirement disappeared because some retards tried to take everyone's money. The game is rigged and they'll milk this for everything they can. + +https://www.cnbc.com/2021/01/28/stock-futures-decline-as-volatile-wall-street-week-continues.html +Lidl has moved forward plans to open 100 stores in the US and this looks like just the beginning. In the UK Lidl's growth has accelerated at the expense of retail giants such as Tesco who were too slow to react to Lidl's low price/unbranded strategy. Tesco's stock has fallen by over 50% over the past 10 years and hit investors including Warren Buffett who reportedly said he had made a huge mistake and had taken a $444 million loss on the position. + +Lidl provide high quality fresh, frozen and packaged goods at a considerable discount to tradition retailers. Product lines come and go and you probably cant get everything there and will have to finish your weekly shopping in a Krogers or elsewhere but the discount is sufficient to change the way people shop and is hitting the big guys. Lidl doesnt take all your business but it takes enough to hurt, alot. + +I've provided a link below that is quite good - but for those that are interested just google "how lidl aldi destroyed tesco" for a load of articles. + +http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10974773/It-may-already-be-too-late-for-Tesco-and-Sainsburys-the-rise-of-Aldi-and-Lidl-looks-unstoppable.html + +This is not a recommendation to buy or sell. Please do your own research. +Hi, guys! I want to tell a story of my dumbest investment. + +I fell for the old pump and dump scheme on a penny stock. I read the unreasonable positive reviews on XDSL many years ago. In fact, I still have shares in this but I bought at the bottom price and have accumulated 5,000,000 shares purchased mostly at .004 to .007 cents a share. + +Interesting about this company they do have a legitimate product - batteries. I would not recommend this but after many years they are at the bottom price and no I am not starting a pump up process. + +Yes, I should move the money to a legitimate stock and may end up doing that but I am a bit of a gambler deep down so I probably will hold on to it and keep an eye on it. So I guess I am like the movie Dumb and Dumber? + +What are your dumbest investment you got burnt with? You are free to share your stories here ;) +So some people are theorizing if you can hide shorts by ETF's. + +There is a lot of people mentioning this at the moment and I just want to have a discussing around it, and if it could be a viable thesis. + +The idea is that the hedge funds that shorted GME could have shorted ETF's that contain GME while simultaneous cover GME. They could do this by buying long positions in all the stocks within the ETF's except GME so that they can stay net short GME. This way they could hide the shorts by a middle man. + + +Please don't mention any ticker under 1b market cap and stay on topic. + +I enjoy eating crayons and pee pee in my wife's boyfriends poo poo. +I would like to know how people save and store money without their partners knowing. + +When I look online all I see are forums about how people cheat and steal and squirrel away money in anticipation of divorce... I just want to be able to buy my wife Birthday, Christmas and spontaneous gifts without her wondering why £X has been spent at Y retailer. + +We have a joint account and everything is transparent and relationship is healthy. + +Cash in the underpants draw is an option but there is the chance this will be discovered. + +I want to know if people have online accounts that in no way affect credit scores (we are trying for mortgage) + +Thank you in advance. +People who retire early are high achievers. + +What do you guys do after you retire? Do you have a different lower stress job? Did you start your own business? Do you manage your own money now? + +It would be great to see what everyone in this community does after retirement. +A financial advisor built a portfolio for her to live off of with monthly dividend payments. She was getting around $2800 a month after taxes in income and only needed $2000 to live the rest was reinvested back into the stocks each month. She does not qualify for social security and didn't know that selling the stocks would mean she would not be paid she just freaked out when the balance fell by half then looked into ways to preserve wealth. I looked through the account history and it looks like she owned O, KBWY, SRET, and SPHD. No matter how I weight those funds I cant get the monthly payments to where they were before now. She has just over $500k cash in her brokerage account after I sold the precious metals ETF. Shes 72 years old and healthy but was a stay at home mom so not much in work experience. She has some credit card debt that takes about $300 a month a car payment of $480 and a mortgage with only 4 years left at $770. I tried calling the advisor she used before but he said he will not work with clients under $1 million net worth. +Just got into finance around 5 months ago (obsessed actually) and ive been reading nothing but finance, any suggestions? +Books I read this summer that I recommend +•The Intelligent Investor +•A Random Walk Down Wall Street +•Common Stock, Uncommon Profit +•More Money Than God +•4 hour work week (Not really finance but its got good points on finances) +•How to win friends and influence people(Not really finance but helped with networking immensely) + +Im looking for some technical reads now that I understand the principles. +Curious to hear people's thoughts on this. We see article after article saying that most Americans don't have $500 to cover an emergency, yet we also see articles about how 1 Million isn't enough to retire, 2 Million isn't enough to retire. Does that mean like 70% of the population is screwed and is either going to be destitute or working til their 90? + +I tend to visit a lot of personal finance and investing subs which obviously skews to people who save and invest, what's the state of the "Average American" + +Also, how can nobody have money for a $500 emergency yet everyone is preaching 1 Million won't be enough to retire? + +This is anecdotal but most of my peers aren't contributing to their 401k's even with a company match, aren't investing or saving much. Curious to hear how this is all goign to shake out years from now? +I have seen all over the news of different celebrities paying exorbitant amounts for the Ape NFTs and it just feels super inorganic and forced. + +There are many celebrities that have supposedly bought these NFTs and now have changed their profile picture to the Ape they own. Some of the prominent ones include Future, Lil Baby, and Jimmy Fallon all spending 500K+. And while I don’t doubt they couldn’t afford it as they are all obviously multimillionaires. I do not believe they are actually buying them. + +My working theory is that they are simply getting them for or even getting paid to market these NFT’s and it’s just the NFT owners wash trading between their own ETH wallets to create Artificial demand and contribute to the price inflation. + +The most recent one I saw was Justin Bieber buying an Ape NFT for around 500 ETH (over 1 million USD). When the base price of the NFT was 250K. + +I refuse to believe celebrities at their own willingness are overpaying for these. Once again I understand that a celebrity like Justin Bieber could in theory afford to throw a million at something like this. But just doesn’t seem like something he would rationally do without ulterior motives. + +Welcoming any thoughts people have on this? Just want to disclaim I am not against NFT’s and believe the tech and potential of it is amazing, but the current use case is absurd and indicative of a artificially inflated bubble(this is coming from someone that made a few ETH flipping NFTs) +According to this [infographic](https://oec.world/en/profile/country/aus) by the The Observatory of Economic Complexity, coal exports are 18.1% of our exports. Similarly, Minister for Resources and Water Keith Pitt recently said that "Australian coal will not be staying in the ground while it continues to provide thousands of jobs and bring significant economic benefits both here and across the world." ([source](https://www.minister.industry.gov.au/ministers/pitt/media-releases/coal-continue-help-powering-australian-economy)) + +With other countries aiming to move away from coal by implementing either nuclear, renewable energy, or a mixture of both, along with the slow decline in Australian manufacturing, what should Australia do in the long run to prepare for this? Is it possible for Australia to adapt and thrive or will we only see things get worse economically as our coal exports shrink without replacement? + +To be clear, I don't see things getting worse in terms of coal exports in the short run as countries will be using coal to reboot their economies after COVID-19. However, in the long run, countries may eventually move from coal. +[https://www.minister.industry.gov.au/ministers/taylor/media-releases/australia-boost-fuel-security-and-establish-national-oil-reserve](https://www.minister.industry.gov.au/ministers/taylor/media-releases/australia-boost-fuel-security-and-establish-national-oil-reserve) + +What are we doing with that Oil, have we flogged it off yet for a profit? +Ok so I’m nowhere near rich or financially free but I’m 100 times ahead of where I was 2 years ago. + +So to give y’all some background I’m 31 with a wife and 3 kids. We had the same issues a lot of people express here, paycheck to paycheck, debt racked up, student loans, etc. both of us would worked but still found ourselves just squeaking by we both worked for Amazon 😒 at one point while I worked another full time Job during the day. + +On a good year we would clear 52k but for the most part we’d be under that. I was tired of the same lifestyle and felt like I’d never be able to provide well enough for my family. One day after a good sales bonus my wife and I decided it was time for a change, either she goes back to school to get a quick new career or I did. I looked into welding, pipe fitting, even radiation tech. Nothing felt like it was quick enough or worth the starting pay afterwards. I never considered a cdl because I felt I’ve done way too many driving jobs and wanted an actual “career.” so just for the hell of it I spoke to a food service driver (Sysco, us foods, etc) and he told me about the pay $26 an hour to start and overtime out the wazoo. I couldn’t believe it at first but said fuck it and looked up a cdl school near me. + +Some schools were charging up to 10k for a cdl, a community college had it for around $6k and I thought to myself there has to be a cheaper way to do this. Some places Ofer the training but give a crappy wage. + +So I read up on the requirements for a cdl and noticed that all I need is: + +1. Study for your permit(a computer test) +2. Train in a truck(find a local guy) +3. Take the driving portion of the test + +I downloaded cdl testing app on my phone, studied with my wife for a few days, ran a couple practice test, and headed to my dmv to get my permit. + +Once I had my permit in hand I looked up local driving schools that just rent you the truck, and instructor for a set number of hours. I ended up paying $1200 for 8 hours of training and a truck to test in at the dmv. I learned all the inspection requirements, and the maneuvers that you get tested for. Now for some driving a truck seems impossible but honestly once you get used to it it’s easy peazy. I started for a local food service provider making almost $29 an hour after my incentives. + +The part that sets a cdl apart from other drivers is the freight, yeah you could bump docks all day but the more you have to touch the freight you haul the more you get paid. I work for a soda distributor now and easily make over 75k year, cleared all my debt, my wife can focus on the kids, moved to a better state for us and live the best life we’ve had. + +Also I’d like to throw out a few more options for those who feel stuck but are able and willing to work physically hard to move forward, especially for those who work for fedex, Amazon or any of these huge companies that use contractors to keep pay low: + +Food service warehouse workers often work with an incentive portion for example you get a base pay of $18 an hour but the more cases you throw into a trailer you can make an additional $5-8 an hour and that gets applied to your OT rate as well so check out your local food service warehouse in your city, companies like Sysco, us foods, mcklane and so on. + +It’s hard work but if you stomach it long enough for you to find the a better path for you it’s worth it in my opinion. + +Btw it took 2 weeks to get my cdl and start a new job. + +What WSB did to GME as a community literally has never been done in the market before. There may eventually be some regulations on this soon because of what happened, but there is still time to do it more times with other stocks. And now that the media is covering the GME gains and giving WSB credit, that’s going to make so many more new people want to hope on the next big one, like BB once the media puts WSB behind BB gains, we won’t be going to the moon, we will be going to f*cking mars +1. It has high yield. For example half a potato in the ground can produce 4-5 potatoes in a few months. 500% yield +2. There are no taxes on food you grow and eat yourself +3. Growing food and selling it is a great way to kick start a local bitcoin economy +4. The coming bitcoin softfork is called Taproot +“Very few people have the opportunity you have. Not many people are financially able to stop working and do nothing. Not many people can truly retire in midlife, during your prime earning years. Most people can’t afford to stop working, even if they want to. Even if they hate their job, they can’t stop working. So don’t take this gift lightly. It is a gift few people will ever be presented with, so take it. Take a year to do nothing.” - From RK book 'Retire young retire rich. + +Checked this book out from the library, read this quote and thought I'd pass it along. + +What other pieces of advice have you found helpful around the transition period? +I am a 40 year old woman who makes $80k a year. I bring home $1k a week. I have around 600K split between: life insurance( 495 )/ state pension (70 ) /403B ( 50 ) + +My divorce will be final October 1st. My STBX likes things. New, shiny things. It was a main reason for our divorce. In 16 years we didn't have a dime in savings. In three paychecks I've saved $1,000. + +I'm worried that if I die while the children are minors he will be in control of their inheritance. He's not a horrible man. I don't think anything would be malicious..... + +But I know him. He'd buy a new car. And then a new motorcycle. He would take the girls to Disney... Twice.... He'd take a cruise with his GF.... He'd eat out with the girls twice a day at restaurants .... + +It's a small inheritance....Would a trust fund be an option for me? Maybe something that would give them lump sums at 25...30...35. What would the cost be to set it up? Is there a monthly fee? I don't trust anybody to oversee it. Could the bank/lawyer do that? Would it then become cost prohibitive? + +Thank you, +Slutty_Squirrel + +Edit: changed 450k to 600k and gave dollar amounts to different categories + +Edit: my girls are 9 and 11 + +Edit: Pennsylvania +I am 51 single parent with a son of 13 on a low income (~$50K/yr). Due to divorce and falling into a low income profession, in part because of mental health needs, I have only recently been able to save even a small amount for emergencies.  I have ~$30K in retirement from a previous career and that's it. No house, no other capital.  I owe about $28K in student loans, and have a smallish car payment and live modestly.  Obviously I need a budget, but I'm literally paralyzed with fear,  because I know I will never have enough and I am just trying to make the most of what little I have. Please help me prepare better for the future, please encourage me. + +Edit: Thank you to everyone for the encouragement. A few things I mentioned elsewhere in comments: + +*Although I am still teacher certified, no I will not go back into teaching. That life tanked my mental health and my son needs a functional father and I can't be that miserable. My experience and certification is valued added to my nanny prospects (was especially so in Covid) and I am making that work. + +Went into my social security account info and I will have ~$2k a month at 70. + +Looks like I need to: + +-sink $7K+ savings into Roth or somesuch every year until 71 so I can get by. + +-budget...I really have tried this so many times and just struggle with it over and over, but yeah I'll try to tackle that again. So far just being frugal has been helpful. I really don't have a lot of fat in my budget. + +-raise my income, duh. I'm not an idiot. I've tried. Like I said I am not neurotypical and my mental health is such that I do not thrive in very many environments. Please don't state the obvious. Although I am in a bad spot now, I am in a much better place than I was 10 years ago. Admittedly I could work more, but it's a diminishing return on life quality that I am loathe to compromise lest my health falter again.* + +Thank you very much especially to those with the sensitivity to offer encouraging actionable steps versus big life changes. The reason this is so terrifying is because it's overwhelming. +Good Morning Astronauts! + +Seatbelts Buckled? + +Luggage packed? + +Exit Strategy Read? Understood? + +I hope so Cause we are about to have an pretty crazy day. + +Europe already reporting margin calls... + +Remember if everything goes down, and it gets crazy, I may have to walk away. + +Try to remember the things you learned here . + +Remember to have a plan. + +I love all you damn beautiful apes! + +Or more Sideways Chop! Either way, good stuff! + +&#x200B; + +If you want to find out where your wife's boyfriend's VWAP is check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +For our live audio feed the [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +&#x200B; + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 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, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After Market Wrap Party + +Here are the stats for today looking bullish heading into tomorrow I'd like to see us keep above 162.5 in after hours and look to test 170 in the AM. SPY looks really choppy like it's being floated so I expect to see some downward action on it tomorrow as open interest on the options chain drops off. Thank you again for all the support we now have a subreddit for the stream over @ r/dillionaires. I will continue posting here every day. See you bright and early for another exciting day! + +\-Gherkinit + +https://preview.redd.it/m1l8dp462yy61.png?width=733&format=png&auto=webp&s=b7e3f9f223321cd7714180d8f357c1f11fe8ed4a + +Oh and here is the pennant we broke out to the upside... + +[That 1:30 -5:30pm prediction on my last DD was so spot on....feels nice](https://preview.redd.it/k6lsyzot2yy61.png?width=1016&format=png&auto=webp&s=3ea75ecd88579668f94109df7fc6df81a94b5939) + +Edit 11 3:05 + +Power hour trading up slowly at 167.05 check out our new subreddit at r/dillionaires lol + +https://preview.redd.it/p5ixdw8urxy61.png?width=1233&format=png&auto=webp&s=7f2c1dde601d653e69bc40ae793ec13dafa3b742 + +Edit 10 2:07 + +Join stream for updates or discord I cannot leave trading screen to type updates for the time being + +Edit 9 1:54 + +Volume \*check\* Back in the wedge \*check\* titz jacked ....you know it :)\^\^!< + +https://preview.redd.it/l7ic8zjzexy61.png?width=989&format=png&auto=webp&s=c23b535203b4e776dd9274ef7caaf0dbbae501a3 + +Edit 8 1:47 + +Retesting 157 volatility looks like it's picking up + +https://preview.redd.it/gmlkkaetdxy61.png?width=1125&format=png&auto=webp&s=a108bc3dd5160d23763fa846ed4b885ed5594114 + +Edit 7 12:36 + +Back up again. Higher high could be the beginning of an uptrend + +https://preview.redd.it/988sf0041xy61.png?width=1141&format=png&auto=webp&s=8c0afa54358ae318557659418957fe88f0a0bb96 + +Edit 6 12:13 + +Crossing above VWAP our volume is still too low to move independently of the overall market + +https://preview.redd.it/59gvpw4zwwy61.png?width=761&format=png&auto=webp&s=32d70de9ffb974e20447898683404ff7ba1befd5 + +Edit 5 11:11 + +Dropping with the market if we cross VWAP there could be a dip. Right now looks like chop on the upside of 152.50 + +https://preview.redd.it/ovizfv81mwy61.png?width=1071&format=png&auto=webp&s=1274f1899d35c16668a5fb089cac8c547bf3f806 + +Edit 4 10:50 + +Failed test at 157 but it looks like we are gonna break back into the wedge for today. :) \^\^! + +https://preview.redd.it/j8c3vqm8iwy61.png?width=1044&format=png&auto=webp&s=f41ab8302f0bceeed31dc81fdbe00faf29660ae7 + +Edit 3 10:35 + +Testing 155 looks good if we pass back up into the wedge it could get crazy also call volume at 160 is decent all the way up to 200. + +https://preview.redd.it/gtxq8z9lfwy61.png?width=1089&format=png&auto=webp&s=9159e21581fa4bdf97a56021c2dc766a6a73a953 + +Edit 2 10:16 + +Failed another test 152.5, looks like our battleground for the day + +https://preview.redd.it/0bbmukn5cwy61.png?width=1066&format=png&auto=webp&s=541a12a259821f29a893e1d2a8cbdb73c0a2b4fa + +Edit 1 9:45 + +Broke 152.5 buy side stronger but volume is still low + +https://preview.redd.it/8wrd4kth6wy61.png?width=897&format=png&auto=webp&s=e76ef1afb532f67d907173b5a1d77530ed5cf71b + +# Pre-market Analysis + +Pre-edit 2: + +Volume low but we are moving up @ 147.50+ / 38k volume + +Pre-edit 1: + +Currently trending up, I'd like to see an opening bell test of that 152.5 resistance. Remember that lower band breakout on the wedge was today between 1:30 and 5:30. Also some 5/13 DFV tweet way back. + +https://preview.redd.it/5u2t1k4ssvy61.png?width=1133&format=png&auto=webp&s=3656a43ab724de958d1d4354734f6d26cb95b364 + +TTM Squeeze and BB/KC are primed and ready to blow + +https://preview.redd.it/kzxduubbtvy61.png?width=1198&format=png&auto=webp&s=3e8ca2a6fffdeab0cb3776bd11d1372112d3da95 + +Finally here is the wedge for the day + +[MACD D Below.](https://preview.redd.it/n8zdx2evtvy61.png?width=1051&format=png&auto=webp&s=7085cfe5012bdb6b57d78ea332bf91bbf92884a6) + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Hi friends and family of Reddit + +I AM ACTUALLY AUTISTIC. I HAVE ASPERGERS SYNDROME. THIS MAKES ME LITERALLY RETARDED. I TYPE LIKE A ROBOT. DEAL WITH IT. IF YOU CANT, DONT JOKE ABOUT AUTISTIC PEOPLE. God dammit I can’t believe I make one educational and informative post on this sub when I know the shills are driving home from work and can’t downvote it (yes I am that good fuckers- the USB computer running tails is already in the dumpster that’s how retarded I am). + +To my true retarded ape family, even if you aren’t autistic like me- let’s have Diamond hands forever. + +I. AM. Never. SELLING. + +EDIT: I tracked on TOR the users commenting on my posts. Their accounts are less than one year old and only follow the GME related subs. Please ignore them. I WILL HAPPILY ANSWER QUESTIONS IF THEYRE DIRECT AND LITERAL. + +Edit: Thank you everyone :’) There may be current information but I don’t know if I should upload this to Reddit im scared honestly. I found it accidentally. I just want to give my family a good life; I don’t want to be a bad ape. my fiancé and I are so happy reading everyone’s comments and replies both positive and negative feedback! Thank you for being part of our family and making us feel at home + +TLDR = I think I have found all the hedge funds' information they are required to file with the US Government that is not disclosed to the public because I'm autistic (legally). Also Melvin's executive attorney has been disbarred and I found the New York Final Decision by the BAR Assoc. declaration. Copypasta'd + +BANANAS = The actual context of this post is very informative, predictive, and educational. + +&#x200B; + +DISCLAIMER: + +This is not financial advice. This is a summary of information that I've compiled last night before the events that occurred in the American market today. Although my position of stating this is not financial advice may not be correct based on laws either mentioned or unmentioned; notwithstanding, I believe this post on this particular link and any post I have made on previous links to this subreddit to be adherent toward any mentioned or unmentioned law that implies, states, whether directly, indirectly, or any other unspecified faucet that this post and any other post to [Reddit.com](https://Reddit.com) and any of its forums, databases, or any of Reddit.com 's entities, affiliates, or any forum herein and hereto declare that THIS IS NOT FINANCIAL ADVICE AND I AM IN COMPLETE COMPLIANCE TO LAW BY SHARING THIS INFORMATION. This is strictly for informational purposes. + +&#x200B; + +Ladies, gentlemen, apes, bonobos, hominid, and all of my primate family + +&#x200B; + +I'm GWG, I'm actually autistic (if we ever chat one on one, which please message me, you will see this) and here are the bananas + +&#x200B; + +Yesterday evening after work, I was expecting the market to move in a large manner as I work in tax accounting and I have a good understanding of what gets filed by whom or what individual or entity and by what date it must be filed vs disclosed to the public. + +&#x200B; + +I'm an avid TOR user because I like onions - they make my breath smell good. I found this interesting bit of .xml on TOR and I became curious. XML is the format in which you must e-file (upload your stuff, for my apes <3) to the regulatory bodies. I was skeptical because it came from TOR. The site provided the xml files that companies upload to the SEC even though they are not disclosed to the public. I shared this information with you all; it was downvoted to oblivion. To the one person who left me Gold, when I get my lambo I will give it to you. I don't care about money or anything like that. I only care about equality and justice. What I saw was not justice. + +I'm too stupid to figure out how to attach files to Reddit posts so I will just share the information with you. Heres the xml in html reported by Melvin to the SEC. Its not hard to read my apes; just ignore the special characters :) \*\*\* any type I type "..." I have removed information as the text is thousands of characters. Also this is their test submission; when you upload to the SEC or IRS you want to do a test; you don't want to file the wrong info if you're a public company or worth trillions. Yes it says test; yes this is normal. Stating this because I know there will be confusion. + +THREE PARTS STARTING NOW: + +&#x200B; + +1/3 - SHOWS IT WAS REPORTED TO THE SEC AS A TEST: LIVE TEST FLAGGED MEANING CONNECTION = TRUE! + +<sequence>1 + +<filename>primary\_doc.xml + +<text> + + +<xml> + + +<!--?xml version="1.0" encoding="UTF-8"?--> + + +<edgarsubmission xsi:schemalocation="\[http://www.sec.report/edgar/thirteenffiler\](http://www.sec.report/edgar/thirteenffiler) eis\\\_13F\\\_Filer.xsd" xmlns="\[http://www.sec.gov/edgar/thirteenffiler\](http://www.sec.gov/edgar/thirteenffiler)" xmlns:ns1="\[http://www.sec.gov/edgar/common\](http://www.sec.gov/edgar/common)" xmlns:xsi="\[http://www.w3.org/2001/XMLSchema-instance\](http://www.w3.org/2001/XMLSchema-instance)"> + + + <headerdata> + + +<submissiontype>13F-HR</submissiontype> + +<filerinfo> + + +<livetestflag>LIVE</livetestflag> + +&#x200B; + +2/3 COMPANY INFO: YES I KNOW ITS SEPTEMBER BUT THEY ARE A FISCAL YEAR COMPANY THIS IS NORMAL. THEY DONT HAVE TO DISCLOSE THEIR HOLDINGS NUMBERS ON HOLDINGS REPORTS TO THE PUBLIC ONLY TO THE SEC. WELL HERE IS IS FOLKS (jk, see 3/3 - suspense is beautiful) + +<formdata> + + +<coverpage> + + +<reportcalendarorquarter>09-30-2020</reportcalendarorquarter> + +<isamendment>false</isamendment> + +<filingmanager> + + +<name>Melvin Capital Management LP</name> + +<address> + + +<ns1:street1>535 Madison Avenue - 22nd Floor</ns1:street1> + +<ns1:city>New York</ns1:city> + +<ns1:stateorcountry>NY</ns1:stateorcountry> + +<ns1:zipcode>10022</ns1:zipcode> + +</address> + + +</filingmanager> + + +<reporttype>13F HOLDINGS REPORT</reporttype> + +<form13ffilenumber>028-16643</form13ffilenumber> + +<provideinfoforinstruction5>N</provideinfoforinstruction5> + +</coverpage> + + +<signatureblock> + + +<name>Evan Cohen</name> + +<title>Chief Compliance Officer</title> + + +<phone>212-373-1275</phone> + +<signature>/s/ Evan Cohen</signature> + +<city>New York</city> + +<stateorcountry>NY</stateorcountry> + +<signaturedate>11-16-2020</signaturedate> + +</signatureblock> + + +<summarypage> + + +<otherincludedmanagerscount>0</otherincludedmanagerscount> + +<tableentrytotal>86</tableentrytotal> + +<tablevaluetotal>20050744</tablevaluetotal> + +</summarypage> + + + </formdata> + + +</edgarsubmission> + + +&#x200B; + +3/3 POSITIONS IN GAMESTOP CORP - yes. what you've all been waiting for + +&#x200B; + + <infotable> + + +<nameofissuer>GAMESTOP CORP NEW</nameofissuer> + +<titleofclass>CL A</titleofclass> + +<cusip>36467W109</cusip> + +***<value>55080</value>*** + +<shrsorprnamt> + + +<sshprnamt>5400000</sshprnamt> + +<sshprnamttype>SH</sshprnamttype> + +</shrsorprnamt> + + +***<putcall>Put</putcall>*** + +<investmentdiscretion>SOLE</investmentdiscretion> + +***<votingauthority>*** + +***<sole>5400000</sole>*** + +***<shared>0</shared>*** + +***<none>0</none>*** + +***</votingauthority>*** + + </infotable> + + +&#x200B; + +I want to celebrate my cake day with the people ♥ Thank you all so much for keeping each other strong. I hope I can build my fiance and future wife a wonderful home. She has always wanted a garden. Thank you for helping us make this come true + +&#x200B; + +Robert's failed quest? [https://sec.report/Document/0000905718-21-000423/](https://sec.report/Document/0000905718-21-000423/) + +&#x200B; + +"Per Curiam. + +&#x200B; + +Robert Rasamny has submitted an affidavit, dated June 26, 1998, wherein he tenders his resignation as an attorney and counselor-at-law pursuant to 22 NYCRR 691.9. Mr. Rasamny was admitted to the practice of law by the Appellate Division of the Supreme Court in the First Judicial Department on January 26, 1976. + +&#x200B; + +\*\*\[250 A.D.2d 93\]\*\*Mr. Rasamny is aware that he is the subject of a pending investigation by the Grievance Committee for the Ninth Judicial District based upon his conviction in the State of Michigan Circuit Court, Oakland County, on October 8, 1996, for selling unregistered securities. He was sentenced to five years' probation and court-ordered restitution. Mr. Rasamny submits that the aforesaid crime is a felony in the State of Michigan and, therefore, a serious crime in New York, within the meaning of Judiciary Law § 90 (4) (d) and 22 NYCRR 691.7 (b). He also concedes that he failed to file the record of his conviction with this Court, as required by Judiciary Law § 90 (4) (c). + +&#x200B; + +Mr. Rasamny acknowledges that he could not successfully defend himself on the merits against any charges predicated upon the allegations under investigation. He avers that his resignation is voluntary, free from coercion and duress, and that he is fully aware of the implications of its submission. + +&#x200B; + +Mr. Rasamny is aware that the Court, in any order permitting him to resign, could require him to make monetary restitution to any persons whose money or property was misappropriated or misapplied, or to reimburse the Lawyers' Fund for Client Protection for the same. Mr. Rasamny is further aware that any order issued pursuant to Judiciary Law § 90 (6-a) could be entered as a civil judgment against him. Furthermore, he specifically waives the opportunity afforded him by Judiciary Law § 90 (6-a) (f) to be heard in opposition thereto. + +&#x200B; + +The Grievance Committee urges acceptance of the proffered resignation. + +&#x200B; + +Inasmuch as Mr. Rasamny's resignation complies with all pertinent Court rules, it is accepted and directed to be filed. Accordingly, Robert Rasamny is disbarred, and his name is stricken from the roll of attorneys and counselors-at-law. + +&#x200B; + +Ordered that the resignation of Robert Rasamny is accepted and directed to be filed; and it is further, + +&#x200B; + +Ordered that pursuant to Judiciary Law § 90, effective immediately, Robert Rasamny is disbarred, and his name is stricken from the roll of attorneys and counselors-at-law; and it is further, + +&#x200B; + +Ordered that Robert Rasamny shall promptly comply with this Court's rules governing the conduct of disbarred, suspended and resigned attorneys (22 NYCRR 691.10); and it is further, + +&#x200B; + +Ordered that pursuant to Judiciary Law § 90, effective immediately, Robert Rasamny is commanded to desist and refrain from (1) practicing law in any form, either as principal or as agent, clerk or employee of another, (2) appearing as an attorney or counselor-at-law before any court, Judge, Justice, board, commission or other public authority, (3) giving to another an opinion as to the law or its application or any advice in relation thereto, and (4) holding himself out in any way as an attorney and counselor-at-law." + +&#x200B; + +Mods; I encourage you to provide feedback. I am just sharing info. + +&#x200B; + +&#x200B; + +I want to thank you in advance for reading. Link to op in comments. I'll post later. I need to take a shower and probably eat some food and hug my wife +I saw that there’s a gentleman who pops in here every so often to show folks how he took it up the ass selling naked AMC calls. His account ended up over $600K in the red. My question is: what in the hell happens after that? Will TD Ameritrade send you a bill to collect the money? Do they put you on a 100 year payment plan? Do they just eat the loss? Curious to know the long term consequences of engaging in reckless behavior. :) +I saw that there’s a gentleman who pops in here every so often to show folks how he took it up the ass selling naked AMC calls. His account ended up over $600K in the red. My question is: what in the hell happens after that? Will TD Ameritrade send you a bill to collect the money? Do they put you on a 100 year payment plan? Do they just eat the loss? Curious to know the long term consequences of engaging in reckless behavior. :) +I am writing this post because a lot of people ask me... "Where do you get your information from?" or "How do you discover assets before they are popular?"... Well to put it quite simply, it's because of research. Here are my thoughts on this.. + +Since Jan 2017 alone there has been abundant opportunities to make great gains. When investing, research is the #1 key to becoming reliably right. + +- Research would have let you known that Ripple (XRP) was working with major banks in Asia (Japan) while the asset was only half a cent. ($0.005) +https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/ + +- Research would have informed you of the Ethereum Alliance while ETH was $20 or less. +https://www.infoq.com/news/2017/03/Enterprise-Ethereum + +- Research tells you "JPMorgan Chase To Integrate Zcash Technology To Its Enterprise Blockchain Platform." (You'd also know that original Zcoin team left to create Zcash) +https://www.forbes.com/sites/laurashin/2017/05/22/jpmorgan-chase-to-integrate-zcash-technology-to-its-enterprise-blockchain-platform/ + +- You'd find out that NEO (AntShares) had a relationship with Alibaba when NEO was 25 cents or less. +https://siliconangle.com/blog/2016/10/20/onchain-partners-with-alibaba-for-blockchain-powered-email-evidence-repository/ + +I can go on and on, the point is, research and patience is the key to success.. This year alone, If you have bought those assets and held onto them, you should be doing very well today. (and that's just a handful) Keep in mind, there is no "get rich quick" strategy. I am also sitting on assets that have not yet shown impressive results, but are expected to establish a high earning power later. + + +Researching for the long-term is the key to success in this market. Here are some additional articles I have wrote that can maybe help keep investors in the right direction. + +- Surviving The Inevitable Crypto Big Bubble +https://www.reddit.com/r/CryptoCurrency/comments/6jd6lt/surviving_the_inevitable_crypto_big_bubble/ + +- Everyday is a Good Day in Crypto! +https://www.reddit.com/r/CryptoCurrency/comments/6k8vu9/everyday_is_a_good_day_in_crypto/ + +- Making a Million Dollars. +https://www.reddit.com/r/CryptoCurrency/comments/6nhl0q/making_a_million_dollars/ + + +So back to the topic of researching.. There are many under valued assets that have a good foundation with strong relationships and partners. Keep in mind 90-95% of crypto assets WILL fail and never succeed. The only way you can be reliably right long-term is through research. Know what you are getting into. Look for assets that have a strong foundation, favorable odds of execution, good partners and strong relationships/clients. + +Don't be fooled by market prices! Just because a price on a particular asset is going up, doesn't mean it will be successful. When the next bubble comes, (and it will) assets could drop below your purchase price and/or never recover. The only way you can ensure long-term reliability is through research and selectivity. + +Here are some things to note.. + +- If you throw money into an asset without research, your giving your money away. +- If you are impatient, you will become indecisive and sell short or take a loss. +- If you over-spend you'll deal with anxiety, stress and become irrational. +- If your buying/selling the same asset more than twice a year; your likely doing something wrong. +- If you cant sleep because you worry about assets, your doing something wrong. +- If you don't know what to buy, you didn't research. + + +Here are some things I look for when investing.. + +- Find a promising asset. +- Find something before it's popular. (low market cap) +- Thoroughly analyze an asset and its underlying business before you buy. +- Look at financial records and/if the business is investing in themselves. +- Protect yourself against serious losses. (can it survive a worst case scenario) +- Achieve adequate performance, not extraordinary. + +There are so many assets, with research you can pretty much eliminate most of them from your radar. Once you get familiar with what to look for, researching becomes easier as you go through more assets. Through process of elimination you can come up with a grade scale based on your own research findings. (see below) + +- AAA (Excellent past growth that is likely to continue in the future.) +- AA (Very good past growth that is likely to continue in the future.) +- A (Good growth but has yet to show impressive results.) +- B (Not yet shown impressive results but is expected to later) +- C (High Risk, Long-Shots, 2-5% of your portfolio.) +- D (Very High Risk, 3rd World) +- F (Don't Invest) + + +Personally, this is how I research. + +- Buy 2-3 large binders with 200 sheet protectors. +- Buy Tabs for your binders. (Each tab is graded AAA-D) +- Analyze an asset, and print a cover sheet using coinmarketcap. +- Print information/news you find and index it behind your cover sheet. +- Continue to research and arrange your assets by grade. +- Add/Make adjustments to your portfolio through ongoing research. +- Start to determine which assets are undervalued based on your research. + +Now everyone has there own way of doing research. Perhaps i'm a Flintstone but this is just the method that I find works for me. This method allows me to look back at articles/news I printed without trying to remember every detail. I can also easily go through the grades and remind myself where an asset compares to others. I can even move assets into a different grade scale or pass a copy to a friend to look at. In addition, it's fun.. When I research something new for the first time, I am always curious where it will rank in the portfolio compared to other assets. When all is said and done, you'll have a better idea where to put your money. +Just remember the key to long-term selectivity is research and patience. + +Regards, +BTC2018 + + +Hey everyone, 22M here. + +I was too young to experience the 2008 GFC. I know today's economy is much different to that of 2008, but is another recession actually going to affect the average middle class Aussie? +Yes, they are partnered with gamestop. They are also one of the most cutthroat and questionable firms in the crypto space. So, before signing over to them and becoming their simp, lets look at them from an ovjective lens. + +&#x200B; + +EDIT \*\*I am willing to change my perspective of FTX if/when actions demonstrate that they are reputable and act in more than good faith\*\* + +EDIT 2: u/platinumsparkles asked my exact question to brett, it was about workplace culture. I am still hyper sus but can acknowledge that there is effort being made to try to build bridges. + +&#x200B; + +Don't believe me? here is their trust pilot page: + +https://preview.redd.it/lsnkhcga92q91.png?width=523&format=png&auto=webp&s=bba62c58a4030665ffa4ddd078ff1dba76c5913d + +https://preview.redd.it/iz1rob0b92q91.png?width=601&format=png&auto=webp&s=e44fdb2842ac75298a3228bc4aefc1e1bacd93bf + +https://preview.redd.it/olazjcdb92q91.png?width=624&format=png&auto=webp&s=e2d6f47d177f3eeae32bbc4eb6c5428a9b4842f5 + +&#x200B; + +https://preview.redd.it/xqk2iqpb92q91.png?width=589&format=png&auto=webp&s=2093cafa334736f584020b274323026b540fd5d8 + +&#x200B; + +&#x200B; + +https://preview.redd.it/vdze8ybn92q91.png?width=1038&format=png&auto=webp&s=9be74330bb0a12392a56cb86afd00dfbca287105 + +https://preview.redd.it/72nc1xgv92q91.png?width=714&format=png&auto=webp&s=590d226c1529964c326cc00406e069ebcbadf92b + +https://preview.redd.it/w9jtmygv92q91.png?width=711&format=png&auto=webp&s=0cbc39a9e2bd2d96d53efc93552d1f199e9da899 + +&#x200B; + +Bret Harrison is a disciple of Jane Street, HFT firms, and Citadel. He is NOT one of you. He is a computer scientist that turned to finance for the $, and is also an expert in ETF/OTC desk side (street side) (not retail) manipulation. + +https://preview.redd.it/3jbf74doa2q91.png?width=339&format=png&auto=webp&s=c5b6b5c24f98abbaa1504b103a3530deca7da045 + +&#x200B; + +Mods keep asking me to 'make a point'. The point is that just giving FTX carte blanche around superstonk is not OK. They have not been vetted like other companies. They are incredibly active on social media and SCRUB this page of anything negative about FTX. + +Sam and Brett deserve criticism and extreme vetting, because they've earned it with their questionable actions. +I have heard this statement from many people, usually people claiming to be chinese themself. Can someone explain to me what they mean by this statement? "The chinese economy is a lie." +Say, for example, offer $3 / hr in addition to unemployment benefits to assist with government projects which require tremendous manpower. + +It seems that it would be a good opportunity for the government to try out projects which are not economically viable given a normal labor market. And the workers, who are still receiving unemployment benefits and are purely volunteering for the extra money are unlikely to feel exploited. + +The economic benefits of giving the 10 million unemployed (1) the opportunity to make more money and (2) productive value even while unemployed, could be tremendous. + +I've been tracking my monthly progress on a chart for about 18 years now. Occasionally I like to take a look, not at the dollars, but rather at months where I've made forward progress vs. those I haven't. Just like with weight loss or anything else, huge progress is made by taking lots of baby steps forward. + +Of course, having income from a job helps fill in small gaps created by market downturns, but sometimes that isn't enough, so I have a month where I end up with less than I started. But most of the time, I'm inching forward! + +&#x200B; + +* Number of Positive Months: 158 (75%) +* Number of Negative Months: 53 (25%) +* Total Months Tracked: 211 +* Years Tracked: 17.58 + +Edit: Graph per request. [https://imgur.com/a/aA7HDcE](https://imgur.com/a/aA7HDcE) +Hello all. I have come across several “courses” to learn how to flip properties using other people’s money. My question is are these courses real and is worth taking the course to someone with no real estate experience? +Where do I begin??? + +Last year I started my journey as a real estate investor. I had no experience in real estate other than my personal house. I had a very successful career. Then my son was born premature and he needed a lot of care. So I decided to leave my career and pursue real estate so I could have the flexibility to care for my boy. + +I consumed everything about real estate. Podcasts, book, youtube... everything. I even became a real estate YouTube vlogger myself to document my journey after I quit my job. + +11 months later I closed on the biggest deal that I couldn't possibly have ever imagined doing! A 54 unit apartment complex in North Carolina for $4.4 MILLION. I negotiated the deal so that I only had to put down 10% and the seller agreed to owner finance 90%. The owner was willing to take $4 MILLION in seller financing from someone he never met and someone who had zero real estate experience. I don't think he even checked my credit. I would like to say that I am a pretty good negotiator but I am probably just "lucky". My experience has been the more time you put into something and hustle, the chances of you hitting that lucky deal increases. + + +I am in the second full month owning the property and I feel confident that I am going to hit the numbers that I modeled. I underwrote the deal at a 25% IRR which is a crazy return. The other fact is that my boy is very healthy now so everything worked out. My next goal for 2018 is to acquire 100+ units. The crazy thing is I got another deal where the seller was willing to seller finance a $10 MILLION deal. The numbers didn't work for me on this one so I am still searching. + + +The moral of the story is that it is totally possible to do this real estate thing in a big way. You just have to have the right mentality and the develop the skills over time. It's definitely a numbers game. How much work are you willing to put in before your get first big deal? + +I will be renting my house to a family with preschoolers (3-5 years old) and have twofold concerns: (1) I may be sued if the children get hurt in my house (the house has lots of stairs, balconies and railings) and (2) the children may cause a lot of damage throughout the house. How can I protect myself as the landlord? I'm hoping there is language or riders I can include in the lease agreement. This is in New York. Thanks for your input. +Several articles have surfaced this year about Fannie Mae and Freddie Mac's plan to exit government conservatorship and go private. + +So far they have imposed a [0.5% refinancing surcharge](https://www.wsj.com/articles/mortgage-fee-aims-to-bolster-fannie-freddie-finances-ahead-of-possible-sale-11598101206?mod=searchresults_pos9&page=2) to cope with government regulations, [such as a 280 billion dollar capital requirement](https://www.wsj.com/articles/fannie-freddie-should-hold-280-billion-in-capital-fhfa-says-11605733232?mod=searchresults_pos3&page=1), that will accompany their privatization. It appears this may be the first of many "surcharges" to bolster their reserves. In addition, other rumors have swirled about changes to the 30-year mortgage that would make it more difficult for the average Joe to purchase a home. + +What do you think will be the impact on real estate investing? +I just started investing few months ago and have about 2k in my portfolio. I lost a significant amount now in the last one week. My gain has dropped by 20%. Is it recommended to still hold onto the stocks or sell for damage control? + +My big investments include (in the same order) +Tesla +Disney +Apple +Abbvie +Sony +Microsoft + +Any suggestions are welcome. + +Thank you +I have been reading lot of posts about clean energy stocks (ex: ICLN, TAN, PBW) and mostly noticed people are holding them from last year. Currently I do not have have any positions in this sector. In last few weeks price action for these stocks ran quite a bit (with Biden's win). So I wanted to get opinions on whether it's still a good investment to get into in these stocks? If yes, which would be recommended? Is any short term pullback expected? Any suggestions on this subject would be greatly appreciated. Thanks. + +Edit: Thanks everyone for the valuable inputs. Got 50 ICLN 35 calls at 4.4 July 16 exp. +[https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus](https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus) + +"Microsoft is allowing its employees to work from home permanently. While the vast majority of Microsoft employees are still working from home during the ongoing pandemic, the software maker has unveiled “hybrid workplace” guidance internally to allow for far greater flexibility once US offices eventually reopen." + +EDIT: the title should be “MSFT letting SOME employees work from home permanently.” +# Preface + +Alright, I got some info I’ve been looking into for a couple of months now. Three weeks ago when [I originally posted about it](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/), I didn’t know how big of a deal it was. But after May it has become more clear. + +For those who have seen u/Criand ‘s [net capital post](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/), this info is an alternative look at very similar ideas. Hedge funds have time periods where they need to make sure they have money. When FTDs coincide with these time periods, GME goes brrrr. Criand’s net capital posts and this post probably both happen, but we both focused on different areas. + +&#x200B; + + Posts with memes seem to get more attention, so here’s a meme. + +[Photo of me from the past month.](https://preview.redd.it/ru7ahkfet3571.jpg?width=1024&format=pjpg&auto=webp&s=663262c95306797eee84275665ae49c7694b5dc6) + +# Introduction + +Every month, hedge funds need to deposit money to the NSCC near the time of monthly option expiration. They do this in order to have extra money in case things go horribly wrong during monthly expiration. After some time, the money is returned to the hedge fund and everything goes back to normal. This deposit is called **Supplemental Liquidity Deposits**. Everyone remembers NSCC-2021-803. 803 changes this monthly SLD period that I'm about to explain into daily checks instead. But for now, the old rules still apply. + +For the rest of this post: + +* Hedge funds will be called **Members**. +* The place where the money goes will be called the **Clearing Corporation**. +* Supplemental Liquidity Deposits will be called **SLD**. + +&#x200B; + +Now let’s talk about Liquid Deposits... + +https://preview.redd.it/9irecyztt3571.png?width=444&format=png&auto=webp&s=a33d5a0c86779a29131b3a2693b1d183416ba677 + +# How does it work? + +SLD rules are defined in the NSCC rulebook, Rule 4(a). Rule set can be found here: [https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) + +If you’re a smooth brain that thinks 0 wrinkles is way too many, skip the Definitions and Rulebook sections. I’m just going to summarize the important stuff. + + + +**==== DEFINITIONS START ====** + +***Monthly Expiration Date:*** The Saturday where the monthly options expire. It’s the Saturday after the third Friday of the month. (Often people think of options expiring on Friday, but they technically expire on Saturday. You just can’t trade them after regular trading hours on Friday, so it’s essentially Friday). + +***Options Expiration Activity Period*****:** It starts at the opening of business on the Friday before the Saturday Monthly Expiration Date and ends at close of business on the second Settlement Day after the start. So, essentially close of business on Tuesday. + +***Special Activity Calculation Date:*** The date where the amount needed for the deposit is calculated. There is no set date when this happens, the only requirement is that it has to be done no later than the fifth business day preceding the *Options Expiration Activity Period* (the Friday of the week before monthly expiration). + +***Special Activity Prefund Deposit:*** The name of the deposit that the member will have to make based on the Calculation Date. + +***Special Activity Liquidity Call:*** Between the monthly calculation dates, if the clearing corporation realizes the deposit isn’t big enough, they will require a larger deposit to be made within 2 business days of the call. The Liquidity Call deposit is then held for 90 days. (So if Melvin and Robinhood really did get liquidity called, they wouldn’t get that money back until April 28-30) + +**==== END OF DEFINITIONS ====** + +&#x200B; + +**==== RULEBOOK START ====** + +**When the deposit needs to be made...** + +>*SEC. 6 Notice of Special Activity Liquidity Obligations and Payment of Special* +> +>*Activity Supplemental Deposits. Promptly after the Special Activity Calculation Date,* +> +>*the Corporation shall provide each Special Activity Liquidity Provider with the amount of* +> +>*its Special Activity Liquidity Obligation for that Options Expiration Activity Period.* ***Not*** +> +>***later than the close of business on the second Business Day preceding the applicable*** +> +>***Options Expiration Activity Period, a Special Activity Liquidity Provider shall make its*** +> +>***Special Activity Supplemental Deposit to the Clearing Fund.*** + +&#x200B; + +**When the deposit needs to be returned…** + +>*“Special Activity Prefund Deposit” means a cash deposit of a Member to the Clearing* +> +>*Fund made by wire transfer to an account designated by the Corporation:* +> +>*\[...\]* +> +>*c.* *that the Member undertakes to keep on deposit in the Clearing Fund for at* +> +>*least seven Business Days after the end of the applicable Options* +> +>*Expiration Activity Period*\*; and\* + +**==== END OF RULEBOOK ====** + +&#x200B; + +**Hey you! I know you skipped those sections, come back!** + +&#x200B; + +Putting it all together: + +* Early in the month, the Clearing Corporation tells the 30 largest Members how much money they need to deposit for the Options Special Activity Period. +* The Options Special Activity Period starts on Friday and ends 2 business days after (usually Tuesday). +* Two days before the Options Special Activity Period, the Prefund Deposit is made (Wednesday). +* The deposit is returned after 7 business days following the Options Special Activity Period (usually Thursday). +* If for some reason the deposit amount needs to be increased, there is a Special Activity Liquidity Call for Members to deposit more money. + +&#x200B; + +This means there is a 12 business day period every month where the Members are tight on money... meaning less money for any potential tricks/price suppression. Any liquidity calls get held for 90 days. Interestingly when Robinhood shut off the buy button in January, they said they were asked for more money. This is because they got liquidity called. (The congressional hearing revealed Melvin also got liquidity called in January) + +&#x200B; + +# Chart Time + + Now to highlight the SLD period on the 1 day chart. + +[1D GME Chart with SLD periods highlighted \(from time of payment to when the deposit is returned\)](https://preview.redd.it/9is0brqdv3571.png?width=1246&format=png&auto=webp&s=cbdd7218099a82c29adbab153e8aa956a8473451) + + **Okay great, but why are some SLD periods bigger than others?** + +&#x200B; + +*Warning:* I’m about to connect a bunch of numbers and dates using text. It gets hard to follow. So I’ll include a chart afterward and you can follow along at home. But the chart is also confusing... + +&#x200B; + +* **January:** Most of January had 600,000-1,000,000 FTDs due from December. So there is a large price increase immediately when the payment is made. GME continues to rise the entire period, Robinhood cuts off buying GME when they are liquidity called, and GME promptly starts falling at the end of the period. +* **February:** Using my [T+35 theory](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/), January 19-21 needed 1-1.5 million FTDs due on each day (Jan 19: 1.5 million, Jan 20: 1 million, Jan 21: 1.4 million). The FTD numbers are a cumulative total, So I believe that on January 19 only 500,000 FTDs were taken care of (leading to the small February 22 bump), nothing was covered on January 20, and January 21’s 1.5 million FTDs were done at the end of the day on February 24 during SLD. +* **March:** The beginning of March is due to T+35 from January 26-January 28 FTD’s. The price was suppressed, but not dropped in order to avoid another liquidity call. February’s large FTD days (Feb 24th and 26th) are due March 30 and April 1, outside of SLD. So nothing big happened. +* **April:** The largest FTD days due in April are April 15 (March 16 and 19), April 26 (March 23), and April 29 (March 26 and March 29). Some of the April dates correspond to two March dates because the FTDs are due on the weekend. April 14 bumps right after the deposit, April 15 FTDs are covered in the second half of the day after a drop, April 26 is in SLD, April 29 is right at the end of the SLD (see note after this section). +* **May:** The largest FTD days due in May are May 11 (April 7), May 13 (April 9), and May 24 (April 20). The FTD numbers are all similar (about 80,000), but the first two are out of SLD causing small bumps. The last one is in SLD, causing a big spike which can’t be controlled until SLD is finished, leaving a continual price increase from every FTD covered thereafter. + +&#x200B; + +[1D GME Chart with big FTD dates mapped out to where they get covered \(the numbers represent the day of the month to hopefully help read this extremely confusing chart\)](https://preview.redd.it/s7xkhb5mv3571.png?width=1093&format=png&auto=webp&s=f7f80b4e2aa06abad5bf657072aac77337cd34db) + +Remember that exercising an option will take two days to settle (buying and selling contracts it T+1, but exercising is T+2). So the days with big FTD numbers that I highlight come from options that are exercised two days earlier. + + + +**Important Note:** GME’s price often drops during the last two days of SLD. I don’t know exactly why. My current theories are: + +1. Options premiums get way too expensive from the FTDs and gamma ramp slows down. +2. The liquidity calls allow you up to two days to pay them. So if the Member’s deposits are going to be returned within the next two days, there is no point in giving them a liquidity call. +3. A new calculation day comes for the next month making the current SLD period not important. +4. Some interaction between SLD and Net Capital. + +I’m leaning towards a combination of (1) and (2). + +# Wrapping it all up (tl;dr) + +* FTDs are due all the time. The FTDs due during SLD lead to a much larger price increase than the FTDs due outside of SLD. +* Once FTDs due from SLD has increased the price dramatically, it is hard to suppress the stock price without getting liquidity called until the SLD period ends. +* The recent GME runup from May should create a lot of FTDs. The majority of ITM calls get exercised on Friday, which will correspond to July 5th (outside of June’s SLD). If a lot of apes exercised early in the week (specifically on May 24), then there could be a handful of FTDs that fall at the end of June’s SLD period. +* Predictions will be more accurate after the new FTD data comes out on Wednesday. I’ll make a follow up post on my thoughts. + + + +That’s all I got for today. I was quite busy last week and it made posting hard, but now I should be free to start making more posts. + +&#x200B; + +Until next time, + +\- u/dentisttft + +&#x200B; + +PS. I’m starting to get to the point where it’s hard to respond to everyone. So apologies in advance if I leave you hanging. Thanks for all the support! +You won't earn any less if minimum wage is all you're making and the cost of living is soooo much cheaper. We recently bought a NICE 1,800 ft² brick house 4 bed 3 bath with a finished basement and our mortgage is $550/mo. I've seen rent as low as $300/mo + +Contrary to what the media would have you believe, it isn't like deliverance. People are freindly, helpful, and educated. Most towns are within reasonable distance of a small city if you want to go experience the city on the weekend. + +There's plenty of space and no one tells you want to do on your own property. My brothers and I grew up poor here but we still could afford 45 acres of land and a home ($35,000 for land and home @ present value). + +Cities are machines designed to extract capital from its citizens under the guise of convenience. They've built a place you never have to leave. You can live your entire life there, own nothing, and spend all your money there which maximizes city tax revenue. Meanwhile, you'll have nothing to show for your hard work. You won't have a home or property to leave your kids and you'll be lucky if you can save enough to retire, let alone create any generational wealth. + +Between higher vehicle prices, higher insurance, and parking fees, it becomes more "convenient" to rent an Uber. You spend so much time working to pay rent for your tiny apartment, you dont have time or energy to cook so you eat out, or if you're REALLY exhausted, you pay someone to deliver your food. + +I thought I wanted to live in the city at one point, but once I was there, I couldn't get out fast enough. + +Edit: obviously, if you have a good paying job and like the city, you should stay. However, if you're making minimum wage or not much above it, it might be worthwhile to consider moving somewhere with a cheaper cost of living as you don't have much to lose in terms of wages. + +Edit2: I would say the greatest factor that allowed me to prosper despite growing up poor in a rural area is the fact that my parents were able to leave my brothers and I property that was paid in full so I didn't have to take on rent or mortgage until I was ready to. That allowed me to save money. Cities don't seem to be conducive to creating generational wealth for the commoner. +Hi everyone, I know this isn't necessarily the best subreddit for this, but I often see it tie into dividend stocks (in)directly. I figured this would be a decent starting point in hopes that someone could guide me to better resources/offer personal advice from their lifetime. + +To start, I generally understand the differences between 401K, IRAs, etc. The aspect I'm confused about is that I will often see people discussing purchasing stocks/etfs within their 401K and/or IRAs (unsure) as its tax sheltered compared to just a regular brokerage account. I'm a 21-year-old university student so I haven't yet dealt with 401Ks/IRAs personally besides just research to conceptually understand them. + +Basically, I am currently using Charles Schwab as my brokerage, with about 13k in. Are there scenarios where you would trade from/with a 401K and/or IRA for unrealized gains of sorts? I'm just confused from seeing people saying they're purchasing stocks with their tax-sheltered accounts, etc. + +Sorry if this is slightly hard to understand, given that you don't know what you don't know, it's likely coming off as an odd question and I might be mixing up concepts. Thanks in advance for any input. +Hey guys, last time I created this portfolio using Excel solver: + +[https://www.reddit.com/r/dividends/comments/ahe8ef/creating\_your\_own\_monthly\_dividend\_portfolio/](https://www.reddit.com/r/dividends/comments/ahe8ef/creating_your_own_monthly_dividend_portfolio/) + +This time, I did the same thing but using a lot of the popular monthly dividend paying stocks. The objective is to create a model portfolio that generates **$1,000 per month** in dividend income using the least amount of capital. + +I decided to use this article (which I found on Google) to help me model a portfolio stocks that I picked from here (all arbitrary picks, no real DD behind them): [https://www.kiplinger.com/slideshow/investing/T044-S001-16-high-yield-monthly-dividend-stocks-to-buy/index.html](https://www.kiplinger.com/slideshow/investing/T044-S001-16-high-yield-monthly-dividend-stocks-to-buy/index.html) + +I also added a few other monthly dividend stocks I found here and there through internet searches. In the end, I found 20 stocks that I wanted to work with. 20 being an arbitrary number but I think is a good number for diversification purposes. + +1. AGNC Investment Corp (AGNC) +2. Capitala Finance Corp (CPTA) +3. EPR Properties (EPR) +4. Gladstone Investment Corporation (GAIN) +5. Gladtone Capital Corporation (GLAD) +6. Global Net Lease Inc (GNL) +7. Harvest Capital Credit Corp (HCAP) +8. Gladstone Land Corp (LAND) +9. LTC Properties Inc (LTC) +10. Main Street Capital Corporation (MAIN) +11. Realty Income Corp (O) +12. Omaga Healthcare Investors Inc (OHI) +13. Orchid Island Capital Inc (ORC) +14. Pembina Pipeline Corp (PBA) +15. Prospect Capital Corporation (PSEC) +16. Sabine Royalty Trust (SBR) +17. Shaw Communications Inc (SJR) +18. Stag Industrial Inc (STAG) +19. Vermillion Energy Inc (VET) +20. Whitestone REIT (WSR) + +I ran Excel Solver on my spreadsheet table, with a few constraints, to determine how many of each of these shares I should purchase to earn $1,000 per month. + +One constraint was "no stock can be more than 7% of the portfolio". Again, another arbitrary number, but a number I felt comfortable with so that there isn't one stock that overweighs completely over the rest. + +The results were as follows: + +https://i.redd.it/7h19iy202ke21.png + +Many of the shares are in fractional amounts but we can use our own discretion as to whether we want to round up or down. + +I noticed that Solver said to allocate the least amount of capital to OHI, probably because it has a lower monthly dividend yield than the rest. + +I also didn't realize that GAIN and GLAD are probably the same company so there's some overlap in risks. + +I've written about the entire process and post here: [Monthly Dividend Income Portfolio](https://www.financeoholic.com/dividends/monthly-dividend-income-portfolio/) if you want to read more and download the Excel spreadsheet I used. +I just opened up my Roth IRA with m1 Fiance and I need help with what to put in my Roth IRA, I did some reading and most of the post are with SCHD / VOO / VTI / SPY / DGRO . I need help making my pie i dont know if if im doing correctly. Currently looking to put in 500$ for the start and im making 1k every 2 week as my part time job at costco my plan is to try to invest half of what i make. + +https://preview.redd.it/vbq4yaxqfe0a1.png?width=877&format=png&auto=webp&s=a33db633ad187e30d11077c7d0777b6187107f40 +When reinvesting dividends should you use each individual dividend for that individual stock, or use all your combined dividends to one stock at a time and go through a cycle? +I have done my own research and for me it looks like it is a safe company with good Cashflow, a stable balance sheet and and a low P/E. The EPS looks great and the dividend are constant (since 1928 they pay a dividend) +What is your opinion about the company and the products they sold? +Hey guys, last time I created this portfolio using Excel solver: + +[https://www.reddit.com/r/dividends/comments/ahe8ef/creating\_your\_own\_monthly\_dividend\_portfolio/](https://www.reddit.com/r/dividends/comments/ahe8ef/creating_your_own_monthly_dividend_portfolio/) + +This time, I did the same thing but using a lot of the popular monthly dividend paying stocks. The objective is to create a model portfolio that generates **$1,000 per month** in dividend income using the least amount of capital. + +I decided to use this article (which I found on Google) to help me model a portfolio stocks that I picked from here (all arbitrary picks, no real DD behind them): [https://www.kiplinger.com/slideshow/investing/T044-S001-16-high-yield-monthly-dividend-stocks-to-buy/index.html](https://www.kiplinger.com/slideshow/investing/T044-S001-16-high-yield-monthly-dividend-stocks-to-buy/index.html) + +I also added a few other monthly dividend stocks I found here and there through internet searches. In the end, I found 20 stocks that I wanted to work with. 20 being an arbitrary number but I think is a good number for diversification purposes. + +1. AGNC Investment Corp (AGNC) +2. Capitala Finance Corp (CPTA) +3. EPR Properties (EPR) +4. Gladstone Investment Corporation (GAIN) +5. Gladtone Capital Corporation (GLAD) +6. Global Net Lease Inc (GNL) +7. Harvest Capital Credit Corp (HCAP) +8. Gladstone Land Corp (LAND) +9. LTC Properties Inc (LTC) +10. Main Street Capital Corporation (MAIN) +11. Realty Income Corp (O) +12. Omaga Healthcare Investors Inc (OHI) +13. Orchid Island Capital Inc (ORC) +14. Pembina Pipeline Corp (PBA) +15. Prospect Capital Corporation (PSEC) +16. Sabine Royalty Trust (SBR) +17. Shaw Communications Inc (SJR) +18. Stag Industrial Inc (STAG) +19. Vermillion Energy Inc (VET) +20. Whitestone REIT (WSR) + +I ran Excel Solver on my spreadsheet table, with a few constraints, to determine how many of each of these shares I should purchase to earn $1,000 per month. + +One constraint was "no stock can be more than 7% of the portfolio". Again, another arbitrary number, but a number I felt comfortable with so that there isn't one stock that overweighs completely over the rest. + +The results were as follows: + +https://i.redd.it/7h19iy202ke21.png + +Many of the shares are in fractional amounts but we can use our own discretion as to whether we want to round up or down. + +I noticed that Solver said to allocate the least amount of capital to OHI, probably because it has a lower monthly dividend yield than the rest. + +I also didn't realize that GAIN and GLAD are probably the same company so there's some overlap in risks. + +I've written about the entire process and post here: [Monthly Dividend Income Portfolio](https://www.financeoholic.com/dividends/monthly-dividend-income-portfolio/) if you want to read more and download the Excel spreadsheet I used. +What's the danger of having too many dividend stocks in your portfolio? I've read a lot of people on here pushing maybe 10 stocks that are worth investing in and sometimes pushing an entire portfolio consisting of even less than that. I find myself purchasing 10-20 shares of upwards of 20-30 different stocks with more that I'd like to put in to rather than increasing my current holdings in a specific company/fund. + +I'm just not sure I understand the argument for having so few choices. Is it specifically related to dividend investing? Or is there no real argument? +I'm facing a career choice and really unsure about the best option. I have a partner and 3 young kids, live in HCOL area but have good low rent housing that is stable. We have saved a little over $1M between us, no debt and we are in our mid-30s. + +I've been in consulting for 10 years (short stint at a big 3, then a small ~~boutique~~ niche industry firm), so I'm making good money but I'm burnt out on travel. I'm feeling like I need a change, but I'm afraid to give up the money since I know that will cost me more years until FIRE in the long run. + +Here are the options I've managed to land. Any of these salaries would still allow us to save substantially since we keep expenses low, but obviously there's a big difference between the highest salary and the lowest. + +1) Current job, $200k plus bonus but travel 2-3x/month and lots of work stress + +2) Public sector, $120k without much growth potential, no travel. Interesting work, lighter workload + +3) Private sector role, $130k with good potential, no travel. Medium intensity of workload + +4) Non-profit role, $105k, interesting work, very good work/life balance. + +I'm intentionally not giving a lot of detail, because I'm not really asking you to make this decision for me. I'm wondering how other folks would think through this decision if faced with a similar choice in their own life. + +EDIT: Wow, thank you everyone for the thoughtful reflections and advice. This has been very helpful, and great to hear from so many people about their own experiences and choices. Also I should clarify one thing: It seems "boutique" was a misleading word for my current job. I'm not at a well-known strategy shop, but at a small-time niche industry focused place, so that is why I can't just write my ticket into a VP private sector role as some have suggested. + +EDIT #2: For what it's worth, I ended up deciding to go for #2, the public sector role. I thought the work was most interesting and wanted something with no travel at all. Thanks everyone for the advice! +First of all, I would like to state that this will most likely NOT apply to 99.9% of people reading this. These circumstances are considered eligible for a dependency override because they are so unique. Less than 1% of students under the age of 24 are able to get a dependency override. + +This post is a bit lengthy, but because I have gotten so many questions over the years from my peers, I figured I would type up everything I learned from this experience. When I graduated high school, no one knew how to help me. My high school counselor had no clue what to do and pretty much all the adults around me had no advice for where to even begin. At the time, the internet was not much of a help either, as most of that information was generally about how no one is ever able to get an override. + +To shorten this post a bit, I posted some information about FAFSA dependency requirements in the comments. + +**My Story:** + +As I said above, tons of students my age have asked me how I became an independent student. I am a 22 year old who can answer NO to every single one of the FAFSA questions. I am single, no children, and have never been declared a ward of the state. I was never declared homeless (though the situation was close) and I was never determined to be an unaccompanied youth. + +I turned 17 in May 2009, right before my senior year of high school. My father passed away that summer, leaving my mother to take care of my siblings and myself. My mother has certain mental disabilities and social services would come weekly to counsel our family. To make a long story short, in March of 2010, my mother left the apartment and never came back. The police came and said that I was to remain in the care of my older sister (19 at the time) who was left as my unofficial temporary guardian, as I was only two months away from both turning 18 and graduating from high school. My plan was to go to community college and just make it on my own. + +The problem that I ran into was that I was unable to complete a FAFSA application without my mother's information. She had not filed taxes and even if she had, there was no way to get in contact with her. Because the situation was only for two months, no court documents had ever been filed to declare that I was in a legal guardianship or an unaccompanied youth (either one would make me an independent). The only documents that I had was a letter from my social worker saying that my mother had abandoned me and the police report, but there was no other record of the abandonment. I did some extensive research, but almost everything I found was about how difficult it is to get a dependency override. There were tons of posts about how students had been forced into dependenct status despite being kicked out of the house, but no one seemed to have tried the override (or their financial aid office had denied them). + +I decided to contact a professional FAFSA preparer and they directed me to the FAFSA website that listed information about extenuating circumstances. I followed the advice from the FAFSA website and contacted the financial aid offices of numerous colleges and universities to see if they could help me. The response that I received from two community colleges was that since dependent status would be more than enough to cover my tuition, that it wasn't worth the time for their financial aid offices to override my status. The response from a public state university was that my proof was insufficient for a dependency override and that I would have to prove abandonment through court documents. The police report was not enough proof for them to override. This was indicative of the responses that I received from several other schools. *The problem with this is that without my mother's financial information, I would not have been able to complete the FAFSA and would not have been eligible for ANY aid, regardless of whether I was independent or dependent.* One of the schools even told me that I would have to wait until I was 24 to even apply for FAFSA at all. + +Finally after months of trying, I contacted the financial aid office of an out of state private college and they were able to help me. When I mean that it was months of trying, I am being serious. I started contacting schools in April 2010, working my way through my list from the cheapest schools to the most expensive schools that I had been accepted to. In August 2010, I contacted the private college that was dead last on my list. I explained my circumstances to them, faxed them copies of the documents, and within a week the college came back and said that my status as an independent student had been approved. The financial aid office was even able to get the dependency override despite the fact that it had not been a full calendar year since the abandonment. At the beginning of each school year, I would have to sign an affidavit that stated that my home situation had not changed and that contact with my parent would result in my independent status from being revoked. + +I graduated in 2014 from that private college, but I also worked full time throughout. Each year, I signed my affidavit and received my aid. The battle for this one was uphill all the way, and I am extremely grateful to the financial aid office for helping me. **The main point of this story is that you will have to find a school with a financial aid office that is willing to work with you. Out of the 12 colleges I was accepted to, only 1 was willing to look at my documents and help me.** + +**One final footnote:** + +Because this is /r/personalfinance, it would be wrong not to mention that I calculated the costs of attending community college versus attending a private college. I was looking at paying $6000 in loans each year to attend my program at a community college, plus paying for living expenses. In comparison, I was looking at paying $10000 in student loans each year to attend the private college, room and board included in that figure. The amount of debt was LESS to attend a private college for 4 years ($48000 total cost, including room and board) than to attend community college and transfer ($6000 tuition + 800/month living expenses worked out to $28000 debt for two years at CC, not including tuition for the transfer). Of course, I worked two jobs while in school, but it is certainly something that every student should consider. I also graduated with a degree in Information Systems and graduated with a $50k/year job as a database admin. I would not have done this if I were pursuing a less employable degree. + +**TL;DR: FAFSA requirements for being an independent student are hard to meet. I was abandoned by my mother, but lacked court documents to prove it. I applied to numerous colleges and asked for a dependency override due to parental abandonment. Most schools turned me down, but one of the private colleges did not. The financial aid office worked with me, declared me an independent. After calculating the total costs, I attended the private college and for four years signed an affidavit re-affirming my dependency override. I graduated and want to share my story to help others.** +1. It has had the ability to move despite BTC price action. The flipping or something might happen too sometime in the future. + +2. Triple halving, EIP something, ETH 2.0... All of these updates are trying to make ETH more scalable and consumer friendly. + +3. Dapps are countless with countless use cases which Bitcoin has never supported. Bitcoin is a store of value and the market leader, but that's pretty much it. + +Would like to hear your opinions, against or matching mine. +https://www.cnbc.com/2019/04/11/disney-ceo-bob-iger-says-he-will-step-down-in-2021.html + +Disney CEO Bob Iger said that he will step down from the company in 2021. + +A succession plan is in the works. + +Iger has been the chief executive since 2005. + +OMG I cannot imagine what Disney will become without him. +EDIT: in the title I mean not to buy before Merger terms are announced, not before actual merger + +I feel for everyone holding CCIV. There is still not a good understanding of SPACs in the retail world. The reason CCIV is crashing is because the new merger terms are extremely favorable to Lucid at the expense of CCIV shareholders. + +The reason Lucid was able to get such great terms of the merger is because they had a crazy amount of leverage due to the extreme run up of CCIV **before the merger.** Basically Lucid was able to see the ridiculous premiums that people were willing to pay. They knew CCIV had no leverage at all because their share price would go back down to $10 the second the announcement of no merger happens. Lucid had CCIV by the balls and im assuming this is why it took so long for the merger to actually happen. + +A report came out not too long ago valuing that the pro forma equity value was going to be $12bn, now the pro forma equity value is supposed to be $24bn, even though CCIV shareholders only own 2bn of the company, so basically CCIV shareholders owned \~1/6th of the company according to the pro forma equity value in the first report, but now they own only about \~1/12th of the pro forma company. A huge kick in the balls. All else equal, CCIV should theoretically trade 50% lower. That wont happen because people are going to be buying to own Lucid now, but basically you as a CCIV shareholder own about half the piece of the pie that was anticipated. + +We have never seen something like this before where the blank check shares run up so much in anticipation of a merger even though the MERGER TERMS ARE NOT OFFICIAL. Really an unprecedented time we are in. + +EDIT 2: Adding in the math to determine what Lucid's market cap would've been if CCIV continued trading at $60. + +CCIV has 2bn in cash - thats the entire company. This cash was trading at a market value of 13bn due to the anticipation. CCIV shares now own about 1/12th of Lucid (2bn cash of the 24bn pro forma equity value of Lucid), with these new deal terms - if CCIV were to be trading at $60 - it would imply a market cap of $156bn (13bn/.083) for Lucid. This $156bn would make Lucid the 3rd biggest car company in the world +Hello, + +I've just been promoted and my salary is increasing from ~£42k to £46k which I know should keep me within the basic rate income tax bracket. + + +However to go along with the salary increase I'm now also given a £7k car allowance in addition. Now I'll be honest this is the part that I'm not sure about at all. Work has a car scheme where I can get a car via salary sacrifice so I guess that's what the eventual plan will be. I'm still deciding whether I take them up on the car or whether I run mine until it dies. + + +Until then, I have this extra £7k per year in my paycheck which would put me above the basic rate tax threshold (I assume?) + + +In the case that it does put me over the top, should I increase my pension contribution until I take the plunge on the car? Or even if I take the salary sacrifice car, does this still put me over the top? + + +Secondly on the car front, I've done the maths and it seems like a no-brainer to take the car scheme if I go for an electric one and also stick underneath my car allowance per month. The savings on petrol alone getting to and from work would be substantial as there's a free charger at work. Is there anything I'm possibly might be missing? + +Sorry if all this is obvious by the way, its a bit of a minefield I didn't expect to be crossing +I’m currently on fully electric storage heaters; 3-bed semi detached home and am strongly considering to have gas supply & central heating installed. + +Approximate annual electric consumption (this is JUST for heating) - +6600 to 8500 kWh + +Gas supply - £900 +Central heating, radiators, boiler installation - £5100 + +At the current approx rates (had a look at Octopus gas & electric prices - £0.147/kWh gas; £0.2684 gas standing charge; £0.2915 night rate electricity), this gives an annual savings on heating costs of between £850 and £1130. + +The break even point for gas & CH installation is hence around the 5-7 year mark. + +Short question is whether its worth it? I will probably get asked how long I plan to stay in this house for, and the answer is unknown. So for all intents and purposes lets assume 4-5 years. +Lastly, is there much (%) I can expect to gain back in house value increases after installing gas & CH? +So I (27m) recently purchased a 2x2 apartment for approx 450k in Qld, with total loan from bank sitting at 300k. Approx 70/30 fixed/variable at 3.14/2.whatever it will be in coming days. So weekly repayment on this loan are around $310/week + + +Still waiting approval from various FHB grants, which hopefully I will receive. With +5k pa when considering rates and BC. I have about 4k of emergency funds. Very worst case scenario, I could shift the entirety of the loan to family rather than bank. However, I do not want to do that a this stage. + +I currently work a lowly retail job F/T, making about 45k pa, and have recently picked up a 2nd job in medical admin for the weekends. So I work 7 days a week totalling about $930/w net, in order to service the loan. + +I'm currently looking for improved employment to relax the situation. I do have 2 bachelors degrees, in design and health sciences, however, I have been unable to leverage them into better roles yet. + +I live an extremely spartan lifestyle, with virtually no luxuries, minimal expenditure other than bills.The option is there to rent out the apartment next year and move into a family granny flat, but I have to occupy the flat for 1 year first. + +I can't help but feel I've over extended myself in obtaining the property, and will certainly feel the increased interest rates. Despite extreme budgeting via a detailed spreadsheet, and the knowledge that I should be able to meet loan obligations, I just have a recent sense of dread and remorse. Any advice or suggestions? + +Edit: Thanks for all the responses, most of it really constructive. +Hi all, I haven't seen anyone post this yet but here's a new tool the ATO have released to help compare your super fund to other funds: + +[https://www.ato.gov.au/Calculators-and-tools/YourSuper-comparison-tool/](https://www.ato.gov.au/Calculators-and-tools/YourSuper-comparison-tool/) + +Very handy in that you can compare your actual balance as opposed to basing it off a $50k balance. +It’s not a lot of money, and I’m going to increase it when I have a better income but I’ve been thinking about this a lot. I honestly think Bitcoin will continue to grow and instead of meticulously buying the dips and HODLing, I’m going to treat it like a mutual fund or an index fund because I think the curve will keep climbing over the course of decades. Does anyone see something I don’t and think this is a bad idea? + +Edit: wow thanks for all the replies and positivity everyone! You cleared up my doubts lol. Best of luck to you all! +Recently, a friend who works in payroll told me that our company has been using money that's supposed to be going into employees' retirement accounts (our contributions + company's matching) for general cash flow/supply purchases. It's happened a few times in the past where they'll miss making the deposits two or three pay cycles in a row, and then finally make a much bigger than normal payment to make up for it. Most people haven't noticed because they don't check their retirement accounts all that often (myself included) but at least a few people have noticed. While ultimately the correct amount gets added in, this seems super shady (and maybe illegal?) And it's happening again; they've missed the last two pay cycles. My friend also told me that we may or may not have funding beyond 6 months but we won't know for another two months. + +I immediately started the process to find another job but I'm nervous about a bunch of what-ifs. I'm supposed to get paid out up to 6 weeks worth of vacation time when I leave but what if the company goes under before I have another job lined up? Or even if I do get another job beforehand, they might be so short on money they still might not payout. I don't know how likely any of this is but I also don't know what I can do to get what's owed to me for my work. Any ideas what I can do, what I should be on the lookout for? Any questions I should be asking but don't know to ask? Thanks for any help you can offer. +Wanswap is a new decentralized exchange built with automated market making (AMM) modeled after the explosively popular Uniswap, and built on Wanchain blockchain. It in addition to the standard swapping and liquidity providing features common to all AMM DEXes, WanSwap also features liquidity farming inspired by related projects such as Sushiswap. + +WanSwap takes full advantage of Wanchain’s cross-chain features in order to power trading between assets from multiple blockchains using Wanchain’s cross-chain wanTokens including: wanEOS, wanETH, a growing list of wanERC20 tokens, wanBTC and with more chains & assets soon to be added soon after the launch of Wanchain 5.0. + +**The $WASP Token Notes:** + +1. $WASP total supply will be \~210 million. +2. There is no pre-mine, zero tokens will be reserved for team members, all tokens will be issued according to the rules written into the $WASP token contract. +3. The $WASP token is used for community governance of WanSwap in order to vote on determining transaction fee rates, change in rules, token issuance, funding for DAO initiatives, and more. +4. The tokens will be issued on a deflationary curve, with a decreasing amount being issued over time until the total supply approaches 210 million. +5. The $WASP produced in each block will be distributed to traders, liquidity providers and the DAO fund + +* Circ. supply for now: 62.850.000 WASP +* Price: $0,0706 +* Liquiditation: $1.338.913 +* WASP Token Address (WRC20): 0x8b9f9f4aa70b1b0d586be8adfb19c1ac38e05e9a +* WASP Token Address (ERC20): 0xef5c6a88710a3c857105058f947d249bc490909d + +&#x200B; + +**How To Buy WASP** + +* Create a Wanmask on Chrome extentions +* Setup your account +* Send WAN to your address +* Then swap your WAN tokens to WASP on [WanSwap](https://wanswap.finance/#/swap) + +\*\*Fees on Wanswap are almost zero, and also you can farm [WASP/WAN](https://wanswap.finance/#/farm) +Anyone start a Roth IRA for their children and how do you ensure generational wealth but not have your children become lazy trust fund babies. I don’t want to lie to them but also want to give age appropriate information and challenges. NW $14M thanks. I really want to get to $20M before retiring. Cali life ain’t cheap. +I started a new job at Walmart and was originally not thrilled, because I'm always hearing stories about how they don't treat their employees fair. Let me also mention that I have a higher salary than the average Walmart employee (I realize that great benefits aren't a huge deal, if you're not making jack to begin with). After looking through the handbook, I realized they offer quite a bit better benefits than my old job. + +-First and foremost they offer a 6% 401K match. This is easily the most attractive benefit they offer. My last employer offered a 4% match, which I thought was pretty decent. So naturally I'm ecstatic with 6%. + +-They offer a 15% discount on their stock up to $270 a year. I think this is probably a pretty standard stock purchase plan discount. I'm still happy to take full advantage, as they are a fairly stable dividend paying stock. + +-Their health insurance is something that I hear most employees complain about. So while it does carry a hefty $5,500 family deductible, they give you $600 in an HRA account that you can roll over every year. The high deductible also allows me to open an HSA through a third party. The cost of the insurance is only $88 per month for my children and me which is about half the cost of my last employer. + +-So kind of dumb, but the 10% discount on store merchandise is pretty big for me. Most of their stuff is already pretty inexpensive. So that extra 10% is a nice added bonus. + +These things might not seem major. But I was surprised at how well they fit into my FIRE lifestyle. +I live in a very “hot” housing market and purchased 30-acres (totally overgrown and run down) for $700k back in 2017. I currently owe $400k at 4.5% with 12 years remaining. + +We love it so much that we wanted to make it our forever home. So, I bought the neighboring lot at $25k/acre for 10-acres. It’s the highest point in this area and overlooks all of downtown, Colorado River, pecan groves, etc. + +Money owed for my 40-acres is $600k and my property taxes are around $5k/year. + +I want to build an “inheritable” home that I will spend the rest of my days in. The kind that my kids can give to their kids. The plans are done and the bids are rolling in.... + +I want to make sure I am getting an honest take on things because the interior decorators, builders, etc. are spewing all sorts of numbers out. + +Realistically speaking how would you budget the following? + +-Budget to furnish and decorate the house? I’m being told 25% of the value of the home + +-Budget to landscape at 18% of the value of the home? + +-Builders in my city are quoting anywhere from $250-600/sq ft. My jaw HIT the floor. + +This is a massive commitment (and dream) of mine and I am rather anxious. I’ve busted my ass, saved, and live way below my means. Even with that I’m scared that I’m doing the wrong thing. + +Comparable houses (on a fraction of the acreage) in my city are $5 million plus. + +Any tips on how to be extra smart about all of this? I find myself obsessively crunching numbers and pinching pennies. Help!!! +So I got accepted into a Java virtual full-time bootcamp. I have a little over a week to accept the position or not. I'm currently going through the process of deciding if I want to attend or not. One thing I'm looking through is the financial aspect. They provide some resources on their website but I was curious if anyone know of any other resources! + +For what it's worth I live in Florida if there are any state specific financial aid programs, I did a quick search and didn't see anything. My main two ideas would be getting a Private Student Loans, major downside for this is the high interest rates. I did get a master's in an unrelated field so I already have quite a bit of student loan debt. + +The second idea I had was trying to apply for a credit card with an atleast 15k limit that has a 0% interest rate for a year promotion. I've done some research here but not entirely sure the best way to go about this or how feasible this is. But I've seen a few posts from people saying they did this but without any process on how to do this. + +If anyone has any insight I'd greatly appreciate it! +So my parents own their home outright, through a complicated story. But they sold their old home and purchased this one outright with cash. + +My mother is terrible with money. She buys things she doesn't need (clothes, makeup). She would use credit cards if she was approved for them (has a huge history of deliquency, liens, garnished paychecks etc). Just no concept of money - she gets her paycheck and spends it regardless of medical bills, car payments etc. + +My dad is better but because of my mom things are difficult. + +They have virtually no savings for retirement and are close to 60. Their only asset is the house. My father wants to put the home solely in my name as he is worried it's their only asset and something will happen to it due to my mother. + +I have my own home. I have debt in the form of a car, student loans (2 years left), and my house. Would having him put the house in my name negatively affect me? My credit is great and I'm worried about anything happening to it. Will it affect my taxes? Insurance? Just wondering about the cons of this, I don't want to get myself into any trouble. +So a financial advisor reach out to me about a week ago thru linkedin, Im a software engineer and it seems our career attracts Financial Advisors due to high pay. So I've had a lot of FA reaching out to me over the years which I have been ignoring. + +Until now that I realized I might actually need their help, since I want to save money for a down payment for a house, also im thinking I might do better investing my 401k if there's an FA on my side. + +Anyways, i'm still not familiar with how this services works and how much the average cost of FA? also is this a lifetime commitment? since he's going to manage my retirement account? +So my wife and I bought a house, and with our circumstances, it's a little overwhelming how expensive things just got. Some info: the house we got is within my budget and income:debt ratio. But I still have a lot of debt that I don't want to fall behind on. Any tips on saving for new homeowners? Or am I lacking on too much information +I'm curious if any of you are actually making a full time income trading options as your only income? + +I follow some of the big options website and blogs and these guys claim it's possible with the right strategy. But then I read articles on big financial sites that say it's not really possible and that advisor sites wouldn't need to have website and sell training and picks if they were able to make a living trading which makes sense. + +I'm just trying to figure out if it's possible to make a living if I follow the right strategy and am consistent and conservative about it? Also some people say you can make money regardless of the market while others say it's only possible in a bull market to really make money +I mean if people who are extremely smart, go to ivy league schools, and dedicate their life to finance can’t beat the market. Why do any of us think we can or even attempt to do so? + +I know this will come off condescending but it is a serious question +Hey guys, + +This is part of a pretty long, complicated, and personally depressing story. I am posting here for some specific help. + +The short version of the story, is my mom stole my identity while I was in college....a lot. I am talking credit cards, store cards, pay pal accounts, book clubs, movie clubs, all of that stuff. + +She did this for a few years while I was in college. I never checked my credit report or did anything to notice it. I was a student, had a student credit card with a $300 limit. I generally had a balance of $50 - $100 that I was paying on time thinking I was helping my credit for the future. + +I tried briefly to work it out with my mom, and that didn't work out. I filed charges, and she was charged with identity theft, and fraud. + +A couple years later, I am still struggling a lot credit wise. + + +My credit score is currently sitting around 515 ish. +I have not current credit cards. +I have 130k in student loan debt that I was supposed to refinance after college, which I no longer can. +I still have collections on my account, even though I have sent court documents, police reports etc. +I cannot get any new credit cards, not even the ones that require a deposit. They generally reference "we have had problems with you in the past..." + +I recently went to one of the law firms that help with this stuff, but so far they are just sending out disputes, they don't really seem to think my case is anything special and are just doing the normal tricks. Nothing has worked out yet. + +So...how do I build my credit at this point? + +Thanks. + +Boom, cue confetti: [https://i.imgur.com/8bagFet.png](https://i.imgur.com/8bagFet.png) + +I don't really know what to do now, like trying to figure out where to put your hands while you're doing a speech bit. I'd been looking forward to this day for so long, always telling myself it would pay off in the end; that when I finally saw the fruits of my labor, I'd realize it was all worth it, and feel happy. + +Nothing. + +I've spent years struggling to pull myself up and get myself into a more financially secure situation. The worst part was that all of my success took me nowhere, because any extra cash I had went to paying off whatever debt I was in. Some of it was credit cards, some of it was for loans for college that I never even finished. + +When I finally broke even on debt, I told myself that I was probably still just stressed out because I didn't have any money in case of emergencies, and that was true. But as I started to panic a bit less about financial emergencies, I noticed that my attitude towards day-to-day finances was not becoming any more relaxed. For instance, a family member would ask me what I wanted for Christmas, and I'd have to struggle to come up with something. I'd have to think for days, trying to wrap my head around the idea of me having something, some present, just for fun. I'd have to decide to want something, and it would muck with my ability to be thrifty for weeks. + +The really depressing thing about all of this is how insanely lucky I am to be here. I make $14.50 an hour on an entry level job that doesn't require a degree. It's connected to the health care industry, so I have rock-solid job security during the pandemic. My big breakthrough was when I stopped going to my psychiatrist. I couldn't really keep up with the bills anyway, and because I stopped taking my meds I could finally qualify for donating blood plasma. The income from that made such a huge difference. + +I know that my situation is so much better than so many people. It just never feels like it's enough. Why does it never feel like it's enough? + +My work has a program that will cover the cost for me to go back to school. I guess I should take that opportunity. But whenever I think about what I'd go back for, or what I'd like to do for a living, all I can think of is "Something that pays better than this." I don't even care anymore. I just care about the money. + +Money. It feels like that's the only kind of response I can produce now. +For those that compute future SS benefits it is time to update the data in your formulas. I don't know if the various online tools are updated yet or not but I assume they will be soon. This data impacts how much your prior years wages are worth and how much of your contributions go into the 90%, 32%, and 15% buckets: +[https://www.ssa.gov/OACT/COLA/piaformula.html](https://www.ssa.gov/OACT/COLA/piaformula.html) +[https://www.ssa.gov/OACT/COLA/AWI.html#Series](https://www.ssa.gov/OACT/COLA/AWI.html#Series) +Great summary of AMP chief economists revised outlook on Aus property. He is good, because he moves his views as new data is released. + + +https://www.amp.com.au/insights/grow-my-wealth/australian-house-prices-falling?extcmp=BAU-scl-fb-bau-sitelink-sohp- +I've been stuck in a rut for awhile now where my profit is almost always around $40 each day. Good that I'm at least consistently profitable, but I definitely can't live on that (and still down a lot since starting to trade). My account size is plenty large enough to make many times that, but I lack confidence to take on much of any risk even when I feel like I have a working strategy. It is obvious though that if I take on a relatively small amount of risk the reward should be far greater than losses. + +I'm trying to get a better idea how consistent profits are typically for those who make a living from day trading stocks (haven't gotten into options or anything else yet). I have read that some traders may be way down for a quarter but make an extremely nice profit on the year. I'm wondering if that is typical or if a lot of those making a living trading are somewhat consistent daily or at least weekly/monthly. + +I'm also wondering how much of your annual profit is from "homerun" type trades where you make a ton of money? Is that a large chunk of your earnings or are you making most of your income from a lot of smaller trades? + +I have a problem where I'm way too scared to lose profits and exit trades extremely fast. I mostly trade the same stocks every day to have a good understanding of how they behave. I can usually see the beginning of a reversal with a typical move of 50 cents to 1 dollar at a time. However, I'll just very quickly scalp 3 to 10 cents instead of staying in the trade. I haven't once in my 7 months of trading stayed in a trade long enough to profit a decent % even though I have a good idea if a stock is set up for a significant move. + +In theory I could just increase my trade size and make a decent profit, but I've had discipline issues in the past I'm scared to test again. I'd rather stay in trades longer than buy more shares right now. Unfortunately I'm trading to not lose money rather than to make money currently. Trying to change that. + + +edit: Most responses seem to be regarding details of my own trading which was more so intended to provide some context on why I asked these questions. That is fine, but I'm not yet really seeing any answers to my two questions (regarding consistency and how much profit comes from the homeruns vs smaller trades adding up). I'm trying to get a better idea what to expect in terms of how P&L plays out from successful traders, to help open myself up to a bit of risk in order to achieve much greater gains. +Hello everyone! I hope you're all having a great trading day. I am a full time trader and my strategy can get me in and out of the market within the first 10 to 30 minutes of the day. I am so incredibly bored after that time and I am looking for some ideas of what you guys do after finishing up trading for the day. Everyone in my life is still working or occupied until the evening. Thanks for the help guys! +https://www.cnbc.com/2021/04/04/facebook-data-on-more-than-500-million-accounts-found-online.html + +The information appears to be several years old, but it is another example of the vast amount of information collected by Facebook and other social media sites, and the limits to how secure that information is. + +This is an old news, Facebook said "We found and fixed this issue in August 2019." Suddenly many people think fb stock price will go down on Monday due to this news. It won't affect facebook stock price because this is an old fixed issue. Now facebook stock is having momentum as the stock is trading near 52 week high. Economy is reopening and ads growth will comeback strong. There is no other way more effective of placing ads other than facebook. It is also the cheapest among faang. Investors should keep holding facebook stock and ride the momentum. + +Thanks for the awards. + +Edit: Facebook is trading around $303. There is no selloff, investors are still buying facebook. +You can run as many simulations as you want, but remember the truth: + +Disease, family problems, accidents, accidental pregnancy, fraud, bank runs, lawsuits, fire (the combustion kind), earthquakes, floods, tornados, globally unprecedented economic catastrophe, globally-totally-precedented-in-japan economic stagnation, extreme economic success in thailand, political upheaval, and even just an unexpected change in your own desires and idea of a good life all big risks to your FIRE dream. + +Make a FIRE plan that's adaptable and robust beyond a diversified portfolio (though those are great). Keep up a little freelancing, work part time, be ready to cut spending, learn some hobbies that can save you money or make you money, start an extremely successful blog. In short, don't take the dumbest risk of all and assume that the simulations are the beginning and end of it. + +**Edit**: To be constructive, I'd like to see more posts about strategies for downshifting to part-time work, whether it's possible to be a part-time consultant effectively, making money off hobbies (without becoming /r/entrepreneur), investment strategies that can be goosed by a little elbow grease (real estate if you do more work landlording or renovating, for instance), etc. +Apes, George Sherman staying on is a POSITIVE for GME. Vote YES to Sherman as RC recommends. + +See proof: (credit u/HereTorTheEdge) + +https://i.imgur.com/xEOvnz1.jpg + +https://i.imgur.com/SntqATp.png + +Source https://sec.report/Document/0001193125-21-126940/ +Thanks to the crypto cocks guy on this subreddit. I've been inspired. So thats it, no more 9-5, no more early mornings and late nights. I'm going to spend all my time making penis pics. Wish me luck friends! +**Please read all of the below to make an informed decision before voting.** + +This governance poll is to decide whether to ban JohnFrontino and SacredHam00 from the subreddit or not. + +**(1)** The proposal was written by ethereumgasbot: + +>Basically, news broke out ~~yesterday~~ last week that [John is likely sacred ham or at least knew each other](https://www.reddit.com/r/ethtrader/comments/pnrrn0/its_confirmed_ujohnfrontino_is_usacredham00/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). Now generally, using multiple accounts is immoral, if not in the grey area of legality, but johnfrontino and sacredham00 are both low effort donut farmers, who spam hundreds if not thousands of comments a day, which doesn’t contribute to positive discussion, and actively steals donuts from members who do their best to post OC, and post well thought out replies. +> +>In fact, there’s sufficient evidence that they're the same person, or follow the same modus operandi, which raises the question if they’re part of a larger upvote group, which is clearly against sub and site wide rules(as based on data found on the blockhain, John transferred over 100,000k donuts to his potential alt, and both of them owned and swapped for the same Shitcoins on the BSC, at around the same time) +> +>Now as I said before, my main concern here is the fact that John likes to spam extremely low effort comments, and by doing so, he’s actively stealing donuts from other [r/ethtrader](https://www.reddit.com/r/ethtrader/) users, many who do their best to contribute quality comments and posts, vs the hundreds of daily sub one liner comments John likes to leave. I plan to propose a few other polls to try to disincentivize excessive spam, but I see a pretty clear cut case here, as johnfrontino has oddly not been active for over 17 hours, which is a surprising amount of time given he’s always spamming the sub, deleted his public denials, and is nowhere to be seen. I’m definitely open to hear what John has to say about the scenario, and would be willing to give him a few hours/days to submit a response to the allegations brought up against him. +> +>Edit: As a final addition to the proposal, I’d like to bring this comment into the community’s view, [https://m.imgur.com/YqCLi7o](https://m.imgur.com/YqCLi7o), a user acknowledged he’s in a WhatsApp group with sacredham, and other users, and John acknowledged he knew sacred, and they went as far as suggesting that they AWARD AND TIP EACH OTHER, and since the Apple doesn’t fall far from the tree, I can easily see johnfrontino, and sacredham participating in vote manipulation. Plus,the mods believe the same: [update from the mods suggesting John and sacred along with a few others likely participate in vote manipulation](https://www.reddit.com/r/ethtrader/comments/pq49sf/update_on_donut_farming/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**(2)** JohnFrontino wrote the following: + +>Regarding the accusations. There are many things wrong here. The people who now attack me were previously accused and are seeking to divert attention, just as they investigate my account, they can also investigate each one of them. +> +>User Ham and I are friends, we are in the same country but different cities. He told me about an NFT game called Cryptozoon, that's why we have YAG and ZOON as currency. The transfer I made to him was not a tip, it was a transfer to invest in the NFT, the transaction can be reviewed and you can also review the transaction of the purchase of the NFT. He knew more about the game than I did so he took care of it. +> +>Some say that the best defense is an attack. These people are attacking and trying to evade attention for them. Check them out too. +> +>We are not the same account, this is my only account and if in any way the MODS can check the IP they can realize that. I have not been responding to the posts in question because I have been speaking directly with the MODS, giving them the information directly. +> +>They say that my account is from Turkey, it's false. They say that I made +900 comments in one day, it's also false. You can check it in my profile, that is not true. There are many things that they say are simply wrong. +> +>They made a poll to ban me. They focused attention on my account but who investigates their accounts? Much attention has been focused on this situation, I see screenshots that they publish making it seem like I'm talking to myself. Now you know that it was simply interacting with a friend.I have even made many friends here, many people know me because I have been very active here. +> +>I don't feel comfortable attacking anyone. But many of the accounts that attacked me are only a few days old, it could be that they are using alternative accounts. + +**(3)** SacredHam00 wrote the following: + +>I'm no longer active on reddit, but I been told about all the stuff that happened, I think you are basically putting a "guilty until proven innocent" situation lol, whatever you think with subjective base can't be used to claim or confirm anything, solid proof must be shown to back up your clarifications about two accounts owned by the same person, which you cant confirm(or deny) + +**(4)** The mods evaluated this situation last week. After some internal discussion, we decided there was very likely upvote manipulation happening, but decided to not ban these two users. We think the best way to address the situation is via changing the distribution algorithm going forward and issuing a blanket one-time warning-before-ban to all users that have been engaging in vote manipulation. More in this thread: + +[https://www.reddit.com/r/ethtrader/comments/pq49sf/update\_on\_donut\_farming/](https://www.reddit.com/r/ethtrader/comments/pq49sf/update_on_donut_farming/) + +[View Poll](https://www.reddit.com/poll/ptu365) +I understand now is probably not the best time but I am seeing this everywhere and a little part of me dies every time I do. + +You LOSE 50% of your portfolio. A knot is LOOSE. + +The verb to lose has ONE O! ONE! If you have trouble remembering, try LOSING one of the O's. + +Sorry for the shitpost I just couldn't hack it any longer. Please learn something from this dip. Thank you for loosening + +EDIT: Spelling (I know) +I'd love to hear from other business owners (whether that's consulting or drop shipping) on your perspective on FI. More specifically: + + +* Are you planning to work the business until you hit FI and then drop everything or are you building a team to take more off of your plate? +* How do you balance reinvesting in the business vs putting everything in a brokerage? + + +My spouse and I have almost stumbled into a lucrative niche: content marketing for B2B SaaS (especially series A startups). It netted $140k last year, should hit $200k this year, and our goal is to hit $1M (gross) in 3 years. But we have no idea what the eff we're doing. +I used to be a regular on Fatwallet Finance (now defunct). I now spend my time on subs like /r/churning, /r/personalfinance and of course this sub. I never got a chance to update my thread before Fatwallet shut down. I thought I’d post this as a final update here since there’ve been a lot of posts about start-ups, windfalls, etc. Hopefully this will be an interesting look inside the world of start-ups and venture capital (VC). This isn’t a typical path for FIRE and I’d highly suggest a more normal corporate route for the vast majority of folks. + +&#x200B; + +Let me preface all of this by saying my outcome was incredibly lucky. Working hard and being smart is a prerequisite for success, but nothing helps more than being born on third base. + +&#x200B; + +TL;DR: Our startup went on to raise a few million dollars in venture capital and was eventually acquired by a large tech company where I now work. I’m now at a crossroads of staying at the company or doing something else. + +&#x200B; + +You can read a couple of my earlier threads on the Internet Archive: + +1. [Financial Advice for Leaving Corporate Job for a Start-up](https://web.archive.org/web/20170327080956/https://www.fatwallet.com/forums/finance/1130440) \- I posted this when I was considering leaving my corporate job to start a company. +2. [Start-up Life Update](https://web.archive.org/web/20170408054117/https://www.fatwallet.com/forums/finance/1153738) \- I posted this after I left my corporate job and was a few months into the start-up. + +&#x200B; + +Here’s the summation of the above two threads: + +1. At 23 I decided to leave my corporate job to start a start-up with a couple of friends. +2. I was making $105k in total compensation at the time. +3. I had $175k saved up with zero debt (incredibly lucky with parents paying for college so I was able to save up income from part-time coding jobs and internships, which I was able to invest in the rising market). +4. Since leaving the job in late 2011 and moving down to the Bay Area, we had just gotten into an accelerator, which helped us define our product and introduce us to investors. + +&#x200B; + +After we completed the accelerator, we raised a small seed round which we were able to hire a few more employees and continue to iterate on our product. At this stage, VCs are looking for a solid team and product vision. There’s usually not much due diligence here except for a meeting with the founders and a walk through the pitch deck. A large VC will have something like $500m to invest so for them to invest $250k is like them putting a bookmark on your company. If it fails, no biggie. However, if it starts to prove out, they are first in line for your Series A. This is also the stage where angel investors will come in at about $25-50k each. The key to successful fundraising is to have a solid team, product vision and lead investor (e.g. willing to invest $250k out of your total $500k fundraising round) that other smaller investors will rally around and fill the rest of the fundraising round. + +&#x200B; + +We weren’t generating much in revenue so we (the founders) didn’t pay ourselves any meaningful salary for the lifetime of the company. Looking back at my W2s, I got paid <$5k in 2012, <$15k in 2013 and <$30k in 2014. Curiously, my net worth didn’t take a dip during those years since 1) the market was rising and 2) I kept my expenses low. + +&#x200B; + +I don’t think my expenses topped $25k/year during my time at the start-up. A lot of people might think living in the Bay Area would be prohibitively expensive but you can get away with surprisingly little if you moderate your expectations. Here are my top tips for living in the Bay Area cheaply: + +1. Find a room in a rent controlled apartment. You won’t find these rooms on Craigslist as vacancies are posted by the master tenant within their first/second degree connections on Facebook. These won’t be the best of places (e.g. no dishwasher or washer/dryer) and oftentimes poorly maintained. My rent never exceeded $700/month. +2. Use a bike and public transit to get around. +3. Shop at Asian grocery markets buying nearly expired produce for cheap (e.g. I used to buy onions for $0.10 per pound). +4. Any travel I did was done via points. This was the golden age of churning so I didn’t pay for any airfare/hotel for a few years. + +&#x200B; + +A couple years after our seed round, we continued to scale out and prove out our product and gain traction. At this stage, we were still not profitable. However, we were showing enough promise for investors to want to do a Series A (usually $3m-10m). There’s more due diligence done at this stage and the company often has a meaningful amount of revenue/growth. Today, that’d be about $1m ARR (annual recurring revenue). Funnily enough, I found raising a Series A easier than our seed round. This is due to the fact that we had already made connections with VCs in the past couple years and were a bit more proven. + +&#x200B; + +After raising our Series A, we continued to expand the team and iterate on the product. I can’t say we ever hit a huge growth curve but there was clearly some value in the technology that we were building. We had gotten to the point where we had to decide whether we could go out and raise a Series B (usually $10-30m) or look for exit opportunities. + +&#x200B; + +In 2015, we were lucky enough that some of the larger tech companies were starting to become interested in our niche so we were able to garner acquisition interest. There’s no way that we would’ve known this area would become hot years ago when we started the company. We entertained M&A conversations with a few interested parties and ended up getting more serious with one of them. This ended up being a several month process as you typically sign a LOI (letter of intent) and then go through due diligence. I cannot stress enough how important it is to keep good records. The acquiring company will want to look at the books, any contracts your company signed, interview all of your employees and audit your technology. Both sides will lawyer up to make sure all the details line-up. It helps to have good counsel (your general outside counsel will typically bring in specialty M&A counsel to shephard you through the process). + +&#x200B; + +During the due diligence process, you’ll iron out details like payout structure (e.g. stock vs. cash, earn-outs, preferred vs. common shareholders), indemnification (e.g. who pays for unforeseen liabilities) and which employees they’d like to bring over. You’ll typically get a payout for the equity in the company and then get offers to become an employee at the acquiring company. My total equity payout was $2.5m-3m spread across a few years. Having a $1m+ wire transfer hit your account when you’ve been making <$30k a year is unreal. + +&#x200B; + +Since the acquisition, I’ve stayed at the acquiring company on the engineering management side. When discussing tech worker compensation, it’s usually divided into three buckets: salary, stock and bonus. For individuals from acquired companies, you usually get subsequent payouts when you hit certain milestones (e.g. length of tenure at the new company or growing a certain metric). + +&#x200B; + +My total gross compensation in the intervening years was as follows: + +1. 2015: $1.1m +2. 2016: $700k +3. 2017: $850k +4. 2018: $900k (estimated) + +&#x200B; + +I don’t have any more start-up payouts coming in 2019, but my regular W2 employment will gross \~$500k/year. It’s grown quite a bit due to promotions and stock appreciation. I don’t think there’ll be any significant compensation growth moving forward as promotions are hard to come by at my level. + +&#x200B; + +Here’s a snapshot of my finances today: + +1. Age: 31 +2. Net Worth: $2.9m +3. Cash: $150k (will probably move this into other investments) +4. Taxable Liquid Investments: $1.9m (66% US equities, 7% US bonds, 27% international equities all in low cost index funds) +5. Non-Taxable Retirement Investments: $300k (similar allocation as above) +6. Home Value: $850k +7. Angel Investments: $150k +8. Home Mortgage: -$400k + +&#x200B; + +Outside of work, I’ve purchased a house and gotten married with a baby on the way. My spouse also works in tech and grosses \~$200k/year, with a net worth of \~$600-700k. So we’ve got a combined net worth of $3.5m. + +&#x200B; + +When you cross this threshold of net worth a lot of options open up. You’ll be making connections with lots of folks that offer non-traditional investments. For example, you can become a limited partner in a venture fund or be introduced to startups at low valuations before VCs have a chance to jack up the valuation. Regarding angel investments, I don’t recommend this as a way to make money since it’s so unpredictable. I do this more to pay it forward to the start-up ecosystem and will be very glad if I just tread water on my investments. + +&#x200B; + +You can also negotiate very favorable terms with banks. For example, you never have to pay any fees, you’ve got a banker on call anytime you run into an issue and they give you free stuff (e.g. free Amex Platinum and tickets to games). The best banking-related perk is having a pledged asset line (PAL) open, which allows you to borrow money against your investments at very low rates (think 3-month LIBOR +1.5%, so \~4% total). Having that type of liquidity helps you move money around exceptionally fast without having to liquidate any positions and take a tax hit. + +&#x200B; + +Since the acquisition, I’ve been maxing out every tax advantaged vehicle (e.g. Backdoor Roth, Mega Backdoor Roth w/ after-tax 401k and 401k). Our spending has increased quite dramatically in the past couple years. I’m guessing we spend $100-150k per year now due to lifestyle inflation. We eat out a lot more now, and pay for Ubers since we don’t want to wait for transit. When we travel, hostels are no longer an option so I’ll usually pick a nicer AirBnb. I also upgraded my car ($60k), which was 15 years old and had 250k miles on it, and remodeled the house ($100k). I think the remodel will recoup a decent amount of costs when we sell since it was in such poor condition when we bought it (e.g. cabinet drawers falling out, disgusting carpet, very dated look). + +&#x200B; + +Excluding my primary residence, we’ve got \~$3.1m in investments. So this gives us a 3% SWR of \~$90-100k. + +&#x200B; + +We could definitely RE with that amount after cutting down a bit on our spending. It’s great that we have the option to RE, but I don’t think either my spouse nor I would like to RE. However, I’ve been considering leaving the corporate gig and either starting another company or taking some time off. I feel a bit burned out after sprinting for the past seven years. The hours aren’t bad at the corporate job, but it’s a bit soul sucking and everything moves at an excruciatingly slow pace. + +&#x200B; + +Here are the options I’m considering: + +1. We both stay at existing corporate gigs (combined gross $700k) until we hit $5m in investment accounts. This will take another 5-6 years assuming zero stock market appreciation. Then I feel 100% comfortable with our current spending rate and can really RE and do option #2. +2. I leave my corporate gig and go do another business (whether startup or outside of tech entirely). This leaves our combined gross at $200k (spouse will stay at job) with some potential upside from another exit (unlikely) but may be more gratifying from a career perspective. I’d really like to try bootstrapping a company versus taking VC funding. I think taking VC funding forces you to scale prematurely and keeps you hooked on additional funding rounds versus sustainable revenue. +3. Take some time off and spend it with the baby in the early years then go back to option #1 or #2. + +&#x200B; + +Tech has been unbelievably cushy these past few years and I cannot see the gravy train continuing forever. Option #1 seems like the best route from a FIRE standpoint. I am curious what others would do in my position. + +&#x200B; + +I hope this post has been informative for folks that are interested in hearing more about a non-traditional and exceptionally lucky path to FIRE. I’d like to reiterate from a expected value perspective, I would not suggest this route. 99 times out of 100, you’ll be more financially successful staying at a corporate gig. However, looking back at my directionless 23-year old self, I don’t regret this decision one bit. The amount of personal, financial and career growth I’ve experienced in the past several years has been unparalleled and it’d be hard to replicate in a normal corporate setting. +Hey guys. If you're into NFTs, then I think you need to watch the video below. I'm walking you through the best way to be certain that your flips will deliver. Sniping and flipping without some supporting software really is tough nowadays. + +The first time I've started to learn about NFTs and got into OpenSea, I discovered that there's a sweet spot for getting good snipes. That sweet spot is when the projects just uploaded the meta data. When this happens, everyone discovers what traits their NFT has. This is an exciting moment, but it is also filled with opportunities. For example, someone who just got a super rare might have it listed for sale. It is at this time that you can buy that token if you move fast enough. + +OpenSea takes 30min-1h to update all the data, so in that time, a lot of people do not know what properties they got, even if they are publicly available. Keyword: **publicly available.** + + +I've been working hard to create a tool that sees all these properties before OpenSea updates them, so we can have an advantage when the reveal happens. Tell me what you think! Thanks :D + +[https://www.youtube.com/watch?v=OI0iNlzQrO8](https://www.youtube.com/watch?v=OI0iNlzQrO8) +I'm looking at implementing sentiment analysis as one of many features into an existing ML algo I'm working on and was looking for some general advice. + +Specifically the sentiment analysis wouldn't be anything revolutionary at all - just scraping 500 or so comments on twitter/reddit, saving the comments to a data base, and applying NLP techniques to score a comment from 1-10 based on the positivity/negativity of the language. This number would then be put into at dataframe to use as an feature for a wider ML model. + +My question is basically does anyone have experience in doing this and is it worth it? Specifically can I expect some sort of exploitable correlation between sentiment and price? If not sentiment score and price what about the correlation between sentiment and say option IV on a particular stock? + +My gut feeling would be due to the amount of nonsense comments, sentiment analysis would mainly just be filled with little signal and a lot of noise, but perhaps some weak relationship exists between sentiment/tweet count/comment count and option volatility? + +Anybody been down this path already? + +(By the way, I'm not referring to intraday time frames) +Assume that I got a working profitable strategy (not that I do right now). Assuming a profitable strategy is not crazy overnight get rich kind of strategy but a sustainable small % profit most of the years. What would be next? + +Trading with my own money would take me a decade till I get a considerable capital to live off it. + +Asking people for money to trade this strategy would not get that many buy-ins. +How did you save up the money to buy your first rental? + +I’m 24 and I take home $1500 post tax. I’m trying to figure out what I want to do to increase my income, but my ultimate goal is to be able to live passively and I think having rental properties is the way to do that. + +Did you just work likea normal person and save up over the years? Or is there some secret I don’t know about yet? +I did the math and the things I usually spend my money on have gone up 10-20% over the past 2 years. + +Everything from food, gas, to building materials has gone up significantly. So why is the CPI only showing 2-3%? +I put the "continue to" in brackets because I want to make sure I understand why there even is an inflation target at all during economic "peace times". I know the Fed has at least a dual mandate of maximum employment and stable prices, but, I'm struggling to bridge the two concepts. + +But, the "continue to" leads to my bigger question, with wages being as stagnant as they have been for decades, why does the federal reserve during to do everything in its power to target 2% inflation, which reduces the purchasing power of the average American wage earner? Fed. Funds Rate interest rate increases make it even worse because they increase the cost of borrowing for households too, that a struggling like credit card interest rates, car loans, etc. + +Finally, and just for argument's sake wages increased by 10%, would the Fed do everything in its power decrease that since wages would lead to more consumption, resulting in a reduction in supply and possibly an increase in demand, driving up prices (which is one of the Fed's mandates). + +Thank you in advance for your time and explanation. +The economy is clearly overheating from all those stimulus bills, supply chain bungles and etc. Hence, the FED is tapering its purchase of its assets to prevent economy from reaching unsustainable levels. Yes, they might lead to short-term decreaes in the revenues of companies. However, in the long-term, isn't it actually good as the tightening prevents further financial crises from happening. And since the stock market is forward-looking, why is it selling off? + +Forgive me if I sound ignorant, for my knowledge of economic concepts are limited to AP-levels. + +(please feel free to PM me as the answers from the comment section might take too long to appear) +I noticed when you transfert RUB to CAD that at exactly 1AM everyday the RUB get set to 19 and it make a flat line on the graph on the Year overview as if it was at 0,019 for months, and it happen everydays and doesn't happen For RUB → USD. + + +Why does it happen ? +My question is from the example that if someone has footage of something newsworthy, is there any obligation to notify the copyright holder of the worth when purchasing the rights? + +In a broader sense, if one party is an expert on the commodity being exchanged, and the other party is not, is there an obligation on the part of the expert party to set a fair value? Particularly in an instance where it is not reasonable nor expected that the selling party have that expertise? +Zero Hedge is a magazine about investment and speculation, distributed by Google Newsstand. It has a right-wing conspiracy flavor, thinks hard money is good, and the sky is falling. + +I'd like to learn economic theory in general as well as its relationships to events in markets and governments, preferably from a source that takes an attitude that is sober and scientific. Recommendations? +I'd have thought that obviously they are, but my textbooks (and internet searches), are not explicitly saying they are. They just say they are non-excludable and non-rivalrous (always find it hard to tell those apart as well) and kind of leave it at that. + +They are talked about as if they are something very similar to or closely related to externalities, but not explicitly named as a kind of externality. But surely they are? +For a city to exist, it must ship in *a lot* of food, every day. Presumably it must ship something back out again to wherever the food comes from, in exchange. What do modern cities "export" in this way? +And a corollary: If cleaning isn't taxable when I do it myself, why is it taxable when I get someone else to do it? From an economic point of view, it seems we're incentivizing people to work on jobs they don't necessarily have a comparative advantage doing (cleaning), thus producing economic dead weight (if I remember the term correctly). No, yes? Why? + +*If building yourself a house ... +------------ +Is there a consensus among economists on net neutrality? I’m in favour of it, but I’m also a bit uninformed, so I would like to hear economic arguments against it. +That is to say, from my own and very limited perspective, while I don‘t make a whole lot, my monthly earnings exceed what I spend each month for rent, consumption etc. by quite a bit – to an extent that I would notice, but not care all that much personally, if prices were to rise by a couple of percentage points. I reckon there is enough buffer, as it were, for a mild inflation not to matter all that much for me as an individual. Is it simply because that is not the case for everyone else, including companies, that inflation is such a bad thing? I‘m saying of course I don‘t like it either, it‘s just that I‘m not terribly bothered by it from my own point of view. +A central bank purchases securities in an attempt to reduce interest rates, increase the supply of money and drive more lending to consumers and businesses. + +But where does the money come from? + +Does the fed type on a computer 1 trillion and have that to buy assets? + +The fed doesn't crank up printers to print money. +The stock markets has doubled, with dividends re-invested, every 6.5 years on average, and it'd increase by 10x every 22 years or so. So what has made the income inequality an issue now, when it could have happened in the '50s or the early '80s when the stock markets were doing well? + +Isn't income inequality mainly due to the stock prices moving up and a concentrated ownership of stocks? +What exactly does Henry George mean by taxing the unimproved value of land? How wouldn't this be outright nationalization? I'm just having a hard time understanding this concept in terms of numbers. +I recently finished reading Thomas Piketty's *Capital in the Twenty-First Century*, which points out that the return on capital *r* tends to exceed the growth rate of the economy *g* in most cases. Given that taxes grow in proportion to *g* while investment funds (like sovereign wealth funds and the Harvard Endowment) tend to grow in proportion to *r* (or even greater), to me it seems like governments could have their revenues grow faster by using taxes in the short term to build a sovereign wealth fund, which in the long term will grow faster than taxation. + +Obviously, this is not what most countries do. Relatively few countries have sovereign wealth funds, and -- with some exceptions -- those that do usually link it to natural resources such as petroleum. Why is this? +My understanding is that technical analysis is probably just a form of astrology based on drawing lines on price charts. If it were effective I assume it would have a place in university finance/econ classes. Does it? + +High profile investors claim to use it with great success, and it does seem like there might be some signals to predict when investor excitement or fear is more likely to increase. What do economists think about this? +Hey folks, + +This is a matter I often find quite infuriating but I find that in discussion the matter often boils down to a "You think this, I think that"-situation, and I find that unacceptable. + +A friend of mine is very much buying into the whole crypto-thing and he can of course do anything with his money as he pleases, but he often tries to engage me in discussion about cryptocurrency's usefulness as currency. His position is that something gains "value" (as he puts it) from being scarce. That he blends together with the notion that that is the "best" currency which is scarcest. When his dubious arguments become a bit less foggy, he usually resorts to arguing that it is "best" because it ensures currency stability (unlike those evil central banks) even in the absence of government. In his mind, an innately stable currency will prevent e.g. hyperinflation if governments collapse / vanish due to humans having an innate demand for whatever is scarcest and that will develop as the optimal currency. Hence the need for bitcoin (which he ironically would never use as currency due to its high transaction costs, only as investment) in his view. I should mention that he by the way does not seem to accept the preservance of value as an important feature of money (although that again seems to motivate his desire for scarcity, I'm at a loss). + +Notwithstanding my tentative arguments that e.g. my fingernail clippings are fairly scarce yet people have no positive willingness to pay for them, I usually try to argue that scarcity is a supply-side argument in the determining of market prices (usually as a proxy for difficulty or cost of producing a unit of a good) and there is in principle no reason to assume that humans have an innate demand for scarcity, thereby scarcity only affects the supply side of the market, not the demand-side unless in some exceptional cases (art, collectibles, etc.). I try to reason that scarcity is historically a good instrumental value of a currency because it limits exogenous money supply shocks due to e.g. discovering tons of precious metals or pearls but that that is it. + +However, I wonder how to argue against the principal point. In the end, he and I both just posit different underlying preference structures of humans. Does anyone have experience arguing this position? I'm tired of arguing with him about this (and much else) yet the main point still infuriates me. I'm not really in the monetary side of economics so I have little experience discussing this point. +This is a repost, but I'm having trouble finding the proper subreddit home for my question. This issue came up for me when my highly educated friend, a doctor who is well respected in his field, started reading into economics and is convinced that the idea of economic inequality is a lie, that people move across socioeconomic classes all the time, and that there is true equality of opportunity in terms of being able to climb the economic ladder. I don't have enough background in economics to dispute it, but at the same time, he is no expert himself in this field. So, I wanted to see what actually economists think! +The recent tariffs seem to be widely regarded as a bad move, and the criticism makes sense. But that got me wondering if tariffs and import duties are ever the best option. I found this article from the day before Trump's tariffs were announced about the Department of Commerce imposing import duties on aluminum foil that has been dumped by Chinese firms and subsidized by the government. [Here's the article](https://www.reuters.com/article/us-usa-trade-aluminum/u-s-finds-china-aluminum-foil-imports-dumped-subsidized-idUSKCN1GB2QQ). Are narrow, specifically tailored duties and tariffs the optimal response to violations of trade agreements and world trade rules, or do economists have alternative/better responses that would be more in line with free market ideals and hurt Americans less? +Amazon has a market cap of $1.74 trillion. Let's say Jeff Bezos was never born and thus Amazon never came into existence. Would the economy be $1.74 trillion smaller, or would it be distributed among other ecommerce companies? + +I'm leaning toward the former, assuming that Amazon is prominent because it creates value for it's customers. Drawing from that, I would assume that in a world without Amazon, customers spend more time dealing with competitors that provide worse service, and the efficiency created by Bezos is evaporated, reducing growth and causing the entire marker to become smaller. On the other hand, it could just mean that competitors eat up more of the market and grow larger. +I hear China accused of this, but I wonder if it's just China. It seems possible that China merely has more opportunities, because of the amount of manufacturing it does for other countries. + +I think this is an economics question, but I'm not an economist, so I don't know how to justify that. A trade secret or intellectual property is a resource an individual, company or nation can acquire, right? Resource acquisition usually entails costs and various risks. Is the case of intellectual property any different? Of course, it may be a violation of some law or treaty, but if the crime can't be proven or the price of the infraction is minimal, then the cost of the resource is low. There are lots of tariff questions on /r/askEconomics This is sort of a tariff question, I think. + +If the foregoing is correct, then it seems reasonable to suppose that all nations do it when they have the opportunity. Correct? + +Lest I am suspected, I am not soapboxing for or against punitive tariffs against China. Just an interested onlooker. +You hear a lot of conjecture from both the left and right regarding social issues, moral priorities, and accusations of the employment and direction of political and organizational power; however, something I often hear from both the left and the right is that the middle-class is collapsing and the wealth inequality between the lower class and the '1%' is growing, thus reflecting the instability and deterioration of the middle-class and the economy. + +How much truth is there to this? What exactly are the ramifications of a situation that would occur such as this? What real issues are the economy facing today if not this? +Just as I committed to Carnegie Mellon over UT Austin based on the last post I did, I got off the waitlist at UCLA. Is there any substantial difference between the two schools? I plan on doing the mathematical economics program at whichever school I choose and wanted to hear from people who are familiar with the field of economics. +Hello, + +I'm writing a piece of creative fiction. In order to tell the story, the global economy needs to collapse. + +Would it be possible to do this by a form of terrorism (inc. WMD)? For example, my (very uneducated) opinion leads me to believe that a ~10kt nuclear explosion on Wall Street would be utterly devastating. Of course all the data is backed up, but the human capital loss would be enormous as would be the panic. + +Is that plausible, implausible or unknowable? Would alternative or additional targets be better (perhaps Shenzen, leading to a implosion of Chinese markets)? + +I apologize if this is an incorrect forum to ask. Thank you for any wisdom you can offer. + +-kulaks_deserved_it +Curious about the groundswell surrounding both, and how people haven't aligned one with the other as a means of counterbalance, I'm looking for insight and cool headed conversations + +If UBI causes labor to pull out of the marketplace, and we invest in automation and (skeptic eyeroll...I know) robots, then have UBI recipients invest in the "new work force" by buying or investing in the labor market i.e. automation, wouldn't that help curb the worry that all those Applebees and Pinkberrys would lose their hard & cheap workers or the idea that markets would inflate to take more away from UBI recipients because they have more money due to UBI? + +Credentials: I went to business school once +Examples would be: + +- Venezuela +- Post WWI Germany +- Zimbabwe + +All of them have/are experienced/ing a devalued currency to the point of worthlessness. How do you reboot the currency or the countr~~ies~~y's economy after that? +So Trump is planning to change H1-B programs from a lottery system to a highest bidder system and I was wondering if this was a good idea. So, what are the effects of H1B? Is there really a shortage? How much is the gain for the whole nation compared to the loss of native tech workers? +>Immigrants constitute 15% of the general U.S. workforce, but they account for around a quarter of U.S. entrepreneurs (which we define as the top three initial earners in a new business). This is comparable to what we see in innovation and patent filings, where immigrants also account for about a quarter of U.S. inventors. + +https://hbr.org/2016/10/immigrants-play-a-disproportionate-role-in-american-entrepreneurship +So a friend asked me this question that seemed silly at first but the more I started to think about it, it was actually fun to think of: + +"What would happen if a stock price was so high that nobody could afford to buy it?" + +My friend argued supply and demand. The share price would simply fall as there are no buyers. + +Perhaps I am overthinking, but my theory is that the question itself has no description on the fair value of the company so therefor the stockholders simply wouldn't sell their stock. + +For example, say McDonalds had 1 share outstanding trading for a $1billion dollar share price (1b market cap) and the company generated $1b in yearly free cash flows. Assuming no buyers had purchasing power to buy the stock, then the owner of the 1 share wouldn't lower the stock price to supply and demand, he would simply not sell and enjoy his 100% ownership in a company generating 1x cash flows. + +Who is right? +Often we see cases where the government provides large amounts of funding for a drug, and when its discovered the company gets the patent. + + +What economic sense does this make and what is the reasoning behind it? + + +Wouldnt it be more efficient to have the government own the patent and pay the company a royalty for their work? + + +I think this would incentivize research enough because the company isnt risking its own money anyway. +Would also love to know the trajectory of welfare spending vs tax cuts and subsidies. At some point we hit zero taxation and zero spending, and I assume anarchy. +Hi , I'm an eco major , who is doing his master's from India. Our university does not place much emphasis on math and statistics. We're taught elementary math and stat , however we are nowhere as competent as an eco major from a developed country. + +>This is exclusively regarding the math and stat part. Our theoretical underpinnings and exposure are more or less on par with other majors in eco pan globe. +> +>This handicap of my relative incompetence in stat and math is rendering undue fear in my heart. I often feel intimidated when I read original papers or texts which are math intensive. +> +> +> +>I aspire for a career in public policy in some international organisation like United Nations. This relative incompetence , how much of a handicap would it be for me ? Would there be any programme , that you guys are aware of in math and stat that could circumvent this handicap of mine. For instance a diploma/ post graduate diploma in math and stat. There is a post graduate diploma offered where they teach math and stat , where it has a duration of one year. Is it worth it should , I do that post graduate diploma for a career in public policy ? How important is the use of math and stat in public policy ? + +&#x200B; +I frequently heard the national debt brought up in presidential debates this election. I saw Trump bring it up, but I have been hearing about it my whole life. People say things like, "We have to deal with the $9 Trillion in debt that your children will have to pay off." In my understanding, hasn't our nation pretty much always been in debt? The Revolution certainly left us in debt. I guess we were probably on top of our debt after WWII, but debt doesn't seem like something a nation ever has to repay, unless someone threatens war over it, but isn't our military one of the most competent in the world? Would China go to war with us? +I guess my question lies in the nature of national debt. What factors would make it so a future generation will absolutely have to pay $9 Trillion? Apparently we've been getting on fine not paying it off, so why would our kids have to? +I understand this is a simple question, but when it gets thrown around in political debates, it seems like more of a fear tactic than a real concern. +The only tradeoff I see is that the federal government would not get the revenue that they otherwise would have if people in debt would have to pay back their loans. Would there be any other tradeoffs? +In [this](https://www.youtube.com/watch?v=m6fkdagNrjI) video, Milton Friedman talks about how the FED mostly failed in its actions, moreover when Friedman talks about the Great Depression, he says that the FED tightened the money supply which of the main cause. With that in mind, it seems like Bernanke's FED was a tremendous success. Was is it the first time the FED did not fail? +In the social welfare function given by Ramsey, Arrow and Stern, pure rate of time preference is used to calculate the social discount rate. I was curious as to how economists exactly go about finding this value. How does one put a number to society's pure impatience and what parameters or indicators do economists look at in order to estimate this? +In the last week or two, I've asked about economic growth on this forum, a couple of times. The consensus seems to be that economic growth is primarily driven by innovation. That's because economic growth comes from increases in per-capita productivity. (Correct me if I'm wrong.) + +Meanwhile, if I'm not mistaken "job growth" and "growing the economy" are just casual ways about talking about economic growth. + +If this is true, then it seems there is little or nothing a president can do to stimulate economic growth. Not to mention a mayor or governor. There's little or nothing congress can do, and even less that state legislators can do. + +I understand that lawmakers can remove certain impediments to economic growth. Monetary and fiscal policies must be managed wisely, for example. Monopolistic practices must be regulated, corruption must be limited, markets should be fair and efficient, and so on. These seem to be necessary but insufficient conditions for economic growth. + +Am I getting this right? If so, what is your reaction when you hear political candidates talking about being the "jobs president," and other talk like that? +I'm basing this question on [this article](https://www.nytimes.com/2020/05/10/business/stock-market-economy-coronavirus.html). Since the stock market is becoming more and more divorced from the economy, what is a good barometer of the economy? + +**EDIT** I see five comments in this thread but no responses are being made visible. Please PM me if this post violates some sidebar rule that I'm not seeing. Thanks. +I have been seeing a lot in the news about declining fertility in the US recently and it makes me wonder, is that REALLY a bad thing? I get that population declines will mean that there will be less working aged people to supporting the elderly, but the principles of supply and demand would infer that less people would also make human life more valuable. I imagine it would be less acceptable in societies for the poorest among us to slip through the cracks. It would be easier for workers to negotiate better pay and working conditions. What is the downside of a shirking global population for the middle and lower class? +By scalping I’m referring to the practice of buying up stock of a good (currently, the example would be PS5, Xbox, and new gen graphics cards) and then selling it at a higher price than you bought it for. + +On the one hand it feels like rent-seeking behavior that isn’t socially optimal, especially given that some people have bots to immediately buy up stock as soon as it’s available, such that the average person has a slim chance of being able to buy the good at its “normal” price. So what could possibly be the value added to society of this type of behavior? + +The other hand is that scalpers act as a distributing agent almost like a form of price discrimination. Those with the highest willingness to pay on average may be those who get the most utility out of the good, thus scalping gets the product to those who will benefit most from it, though consumer surplus would be minimized if price discrimination is perfect. + +What are your thoughts? Is this just an artifact of supply shocks from Covid? Should Sony, Microsoft, etc. price discriminate themselves? +Hey folks. I’m soon getting 20k€ available to invest and can’t decide between the two options. All into VWCE or all into a commercial RE fund offering 3,5-8% rent profit payout yearly (more like 3,5% the last year due to covid). As I am anyway investing 60% of my income monthly into VWCE I don’t feel like I should give extra “weight” to today’s price in this high growth period and ruin my nice and steady DCA. Commercial RE meanwhile is still priced quite low, recovering after covid. On the other hand, I would have to pay tax on rent income there. Any advise? +Hi, if you google "best etfs 2021" there are numerous articles talking about this (like investopedia) but i can't find easily European-domiciled Etfs (you can't buy US domiciled from Eu unless you use brokers). Any tips from someone for sure more informed than me? +Hello everyone, + +&#x200B; + +I'm a 22 yo male, making 8.4k a year working full time from Portugal as a web developer (undergrad). + +I'm looking for advice on how to start investing, what to look for, when to buy/sell and what platforms are good for starters. + +I've been doing a lot of research on saving and financial indepdence, unfortunately I've only been hable to set aside 500€ for savings and 200€ for an emergency fund. + +I'm open to all kind of suggestions regarding finances, investments and other money related topics. + +&#x200B; + +Thank you in advance and sorry if the post isn't specific enough, I'll edit along as I see fit. +Title says it all, I would like a RobinHood alternative for Europe, I already found some but they do not support Kosovo, only some big countries in Europe. + +Thanks! +Hello people, i new in this world of trading and investing, and i have the question about what is the real cost of the broker IB (Interactive Brokers). For start in this world i thinked first do a long invests and when the time pass, do trading. + +I was thinking use degiro broker but the problem of that is it hasn't stoploss and this is very important for me +Hello! + +I am really interested in the trading subject. I want to learn how to trade and what to do to make some money over time. + +I don't think it will be easy or that i will make big money in a day. + +Can you guys give me some materials about trading? Like what should i learn if i want to start investing. + +Also if you can point me a platform that doesn't charge fees. + +Any information is good, and i would really apreciate it. + +Thank you very much for your help. Hope you won't mind if i ask you questions if you reply to this. + +I just want to learn from the best and make a future for myself. + +Lots of love to you people!! +Hey everyone, + +I have registered an account in Degiro 8 days ago but have since then been on the waiting list with 700 people in front of me and not moving at all - any idea of how long this might take? + +I have been saving up for the past 2 years and decided this is the moment to start investing, with a long term prespective. + +I'm thinking about VWCE or IWDA + EMIM and planning to invest around 30k gradually over the next few months. Do you think it is a reasonable move? + +Another question I have is regarding in which exchange to buy - since I'm in the Eurozone I understand I should buy in EUR, however heard that if it's an exchange with little movements it can be tricky to sell your position at times - what would you recommend? + +Thank you very much in advance. +No matter how educated you become, and no matter how hard you work, if you appear to be lower class, you will not get the good job, the promotion, the nice house for rent or for sale. + +You may be saving money cutting your own hair, and wearing reasonable clothes, but people judge you by this, and they think less of you. They judge how you talk, where you live and who your parents are. Not everyone is classist, and there will be exceptions. If it weren't for the people who saw past my class and gave me opportunities, I would still be making minimum wage. I wouldn't have my current job if I wasn't able to at least feign a higher class at the interview. I was just looking to rent a house, now that I can afford it, and I realized that none of the nice places wanted to rent to me and my working class partner. We ended up moving to a bad neighbourhood because they agreed to rent. My daughter will go to a bad school. I resent it, but at least I am aware of it now, and can work to fight it. + +I think it's time we acknowledged the role of classism in keeping the poor down. + +edit: I am impressed with all the responses. I wanted to have a discussion about this, and it worked. It has allowed me to see perspectives I hadn't immediately considered, and I always appreciate that. I hope that people reading this don't feel discouraged. I agree that we shouldn't get caught up passing for a different class, and it shouldn't have to cost a lot to be presentable. Rather than being an excuse to why we can not succeed, it should help us to temper our expectations, and be smarter about strategies for success. Not everyone will accept us all the time, but many will. Sometimes you just need to double your efforts to find the right fit, whether it be a the right job, the right mentor, or the right home. If you can figure out how to fit in with a higher class, it can be to your advantage, but if you struggle with this, please know you are not alone. +That last dip to me came out of nowhere. Stopped watching the chart everyday and dropped down to looking once a week/2 weeks. +I went to look at the chart after a little holiday to find my favourite stock at $78. + +Something inside of me wanted to sell. I think it was the combo of the war + crazy inflation and the looming energy crisis (Europoors you know where I’m coming from) that made me think maybe the game is over. + +I came to superstonk to read the latest posts and dd, you guys help me remember the key. + +CAN’T STOP, WON’T STOP, GAMESTOP. +The FI/RE journey tends to me a long one. Unless of course you were lucky enough to inherit a bunch of cash while raking in 6 figures to speed up the process. At one point, we all start thinking about whether we want to have children (or not!). So this is for all the parents out there ... how did having a child (or more) affect your path to FI/RE? Did the costs associated with having a child derail your plans? If so, how? Or was there no impact at all? +* **Porn stars heading billions in institutional lending** +* **Mysterious deaths and missing keys** +* **Software engineers with Asperger that had cult like following** +* **>100 million dollar hack every other week** +* **URL Links to ape jpegs worth millions** +* **Laser eyes** +* **10000% APYs** +* **The hacker and money launderer who stole 2 billion dollars is also an aspiring rapper** +* **Food themed tokens worth billions** +* **Dog coins promoted by the world richest billionaire** +* **Running around in virtual sneakers to earn money** + +&#x200B; + +**Updated List** + +* **A crypto founder fled his home country and ended up being an ambassador of another country** +* **A serial scammer that got his start by selling fake passports out traded the biggest hedge fund in the space** + + +Update 2 + +* A city planned to be in the base of a volcano + +* And finally Matt Damon starring as Matt Damon +Hello, I'm writing about my experiences buying ethereum in Canada, essentially converting CAD to ETH. The goal is to help beginners that are interested in getting started but don't know where to actually buy ether. There's a lot of info out there but most of it seems to be centered around USD, which doesn't always translate for CAD and our banking system. I'm by no means an expert but I figured someone might find this information helpful. + +I've verified and used the following sites, so I'll be writing about them: + +* [Coinbase](https://www.coinbase.com/join/58eac855eef92f03684da504) | [non-referral](https://www.coinbase.com/) +* [QuadrigaCX (referral)](https://www.quadrigacx.com/?ref=7gdysklu2ozljbgb03fx1ljn) | [non-referral](https://www.quadrigacx.com/) +* [Kraken](https://www.kraken.com) +* [Coinsquare](https://coinsquare.io) - just added + +If you just want the gist of it, a super-quick summary of what I found: + +* Coinbase: great if you just want to try things out. Fast to get ether, fast to verify, high fees. +* QuadrigaCX: great if you're looking to get more seriously into cryptocurrency. Most deposit options, lower fees. +* Kraken: great if you have a ton of money you want to transfer into cryptocurrency or if you want to play around with trading. Low fees, slow CAD deposit because wire transfer. +* Coinsquare: only one that accepts Interac e-transfer that I'm aware of and the fees aren't bad. Great if you want to do a lower amounts of CAD. + +With every one of these sites, there's usually some form of verification. This involves taking a picture of some piece of government ID (usually passport or drivers license), as well as some sort of proof of address such as a utlity bill. Some sites require you to take a selfie with some of that documentation or holding a handwritten sign. It seemed sketchy to me at first, but every place does it. + +**[Coinbase](https://www.coinbase.com/join/58eac855eef92f03684da504)** + +This was the first place I tried. Their only payment methods I could find are Visa and MasterCard, of which they charge a 3.75% convenience. With reward cards you might get 1%-2% back, but this is a fairly high fee. The bright side is it's just about instantaneous. + +One thing I noticed is that their sell price is about ~$5 higher than a few exchanges. For example, as I write this, it's $119.23 on coinbase. On kraken it's 113.99 for a market order. + +There is a weekly $200 limit on the amount to buy. A 30 day countdown started after I spent $500 to increase the limit. I can't find what the new limit amount will be once that countdown reaches 0 though. + +So far, I've been with them for over a month and I've bought $600 worth of ether. The first time I bought it only took a minute to get sent to my private address. The second time it took ~40 minutes for it to actually get sent to my private ether address, but this was due to some issues they were having, probably just a fluke. I've bought two more times since then and both times it was instant. + +**To summarize** + +Pros: + +* Fast to verify, took a couple minutes, seemed to be completely automated +* Almost instantly sent funds via Visa/Mastercard +* Instantly got the ether I bought +* Probably the easiest to use + +Cons: + +* Generally $5 over Kraken prices +* High fees at 3.75%. Might be able to brought lower with a good rewards card +* Low $200 weekly limit + + +**[QuadrigaCX](https://www.quadrigacx.com/?ref=7gdysklu2ozljbgb03fx1ljn)** + +Hoping to get lower fees, this was the second place I tried. They accept a lot more payments with a variety of fees, I'll list them out: + +Funding Type | Daily Limits | Time Frame | Fee | Verification +---|---|---|---|---- +Direct Bank Transfer | Min $1000, Max $250,000 | 24 hours | 1% | required +Interac Online | Min $50, Max $2,000 | Instant (but may be held 24 hours by security) | 1.5% (min. $5) | required +Bank Wire | Min $500, Max $500,000 | Within 24 hours of receiving funds | Free | required +Bank Draft | Min $1000, Max $100,000 | 3-5 Business days | Free | not required +Money Order (Canada Post only as I write this) | Min $50, Max $9,000 | 1-2 Business days | Free | not required + +At the time of writing this, and for the past month (since I joined) their Interac e-Transfer has been listed as unavailable. + +**Direct Bank Transfer** seems like a good choice, but unfortunately they don't support my bank. Either I switch banks or find another funding option. If I did have a supported bank account (even though my bank is within the top 5 in Canada), it seems like this would be the best balance for the time to transfer and fee. + +**Interac Online** also seems like a good choice, except the higher fees. Unfortunately even though my bank card says +"Interac" on it, and the bank is listed as supported, I can't use it for Interac Online because the card is both a debit and visa card. + +**Bank Wire** ended up being what I used. I wanted to deposit a larger sum, so just paying my bank for the cost of the transfer +ended up being worthwhile (about 0.5% fee). The downside is I had to go in person to a branch to send a wire transfer and it's only really worthwhile for larger transfers. + +I sent the wire transfer a few days ago, and it seems like it will take 3-5 business days for it to complete. ~~I'll update this post if the money somehow just disappears.~~ Wire transfer came through today, no problems :) + +**Bank Draft** and **Money Order** could be reasonable options for large deposits. There's almost certainly an upfront +cost to a Bank Draft but it probably depends on your bank. For money order, I've never used it but it seems like you can estimate the fees with [http://www.moneygram.ca](http://www.moneygram.ca/), it's going to Vancouver, and the site estimates it at 5% - yikes that's pretty high. + +Once you do get CAD on QuadrigaCX, the fees to buy Ether are 0.5%. Combined with my wire transfer cost, I expect to only have paid a total of 1% in fees. + +**To summarize** + +Pros: + +* Fast to verify, I was able to verify the same day I made my account +* Lots of variety in funding choices +* Lower fees compared to coinbase +* High daily fund limits + +Cons: + +* Not as many deposit options if they don't support your bank (although you could always open a bank account somewhere else!) +* 0.5% per completed trade is a little high compared to other exchanges +* Some transfer options have higher fees than coinbase for low amounts +* Some transfer options can take up to 5 days + +**[Kraken](https://www.kraken.com)** + +The latest site I've tried, they have multiple tiers of verification. You can't deposit CAD until you reach tier 3 verification, which can take up to 48 hours. + +Tier 1 and tier 2 were verified within the hour but tier 3 was still not verified 3 days later. When I submitted a support ticket, they were very quick to respond the next day and told me I needed to submit a Confirmation ID. Their site listed the Confirmation ID for a few countries and some criteria but it didn't seem like Canada applied to any of the criteria. Regardless, I submitted the Confirmation ID and was verified with tier 3 that same day. + +The only way to deposit CAD with Kraken is through wire transfer and it seems like there's some unlisted fees based on what their banks charge them to receive a wire transfer (as well as any intermediary bank). I have not done this so I cannot tell what the costs would be. + +Once you do have CAD on their exchange, their fees are better than QuadrigaCX with a Maker/Taker rate at 0.16%/0.26%. + +I have sent ether to Kraken just for playing around with trading and I've had no problems. + +**To summarize** + +Pros: + +* Low trading fees +* Potentially lower CAD->ETH fee than QuadrigaCX, depending on if there are wire transfer hidden costs. Lower trading fee helps +* High fund limits + +Cons: + +* Only one way to deposit CAD and it's slow +* Unclear what the wire transfer costs are +* Little confusing verification process for tier3 + +**[Coinsquare](https://coinsquare.io)** + +Verified today and decided to try the Interac e-transfer. This is when I encountered a problem (at least on firefox), for funding the account, they have a javascript button to dismiss an overlay before you can do the e-transfer. The html element for the button is an href and has a 'blank="target"' property on it. When I press this button, it opens a blank new tab, and nothing changes on the page. Running the javascript function manually causes the alert to be removed and it works as expected. This is a little insane that I had to have knowledge of html to get access to it. + +Anyway the e-transfer itself worked perfectly, it funded my account, and I think it's my favourite way to transfer CAD into exchanges so far. Only a 1% fee and only takes a few minutes to be in my account. They also have wire transfer, money order, and bank order, but I think other exchanges have a much better interface. + +Buying Ethereum was a bit more confusing since (as far as I can tell) you can't trade CAD to ETH directly, you have to trade CAD for BTC first, and then trade that BTC for ETH. + +The interface for placing an order was confusing to me compared to Kraken or QuadrigaCX, but I figured it out. Although I was interested in seeing how many orders there were and for how much, but I wasn't able to find that. + +After I had an order placed (at a reasonable price), I refreshed and it still showed the order as opened, so I waited a few minutes and it still showed open. Finally I decided to cancel the order and try a different price. So I cancelled the order and somehow the order was complete, and I had BTC in my balance instead of CAD. + +Since I want ether, I tried again with trading the BTC for ETH, and the same thing happened. It looked like the order was still open but when I pressed cancel it seemed to complete the order. Maybe I'm just dense or I'm missing something, but when it's not clear that an order was complete, the interface sucks. + +I think buying BTC has a trade fee of 0.1%, and then trading for ETH has a trade fee of 0.2%. Overall total fees for e-transfer were 1.3%, which is great considering what other fees are and how fast it is in comparison. If you can get past the interface, e-transfer is the way to go. + +Pros: + +* Lowish trading fees +* Fast to fund with e-transfer +* Fund limits seem reasonable + +Cons: + +* Horrible interface. Until they fix their site, some stuff is broken (unless it works in other browsers?), or if you know how to edit html. + +**Alternatives** + +There are of course other sites to get ether, and there's always the option of getting bitcoin and exchanging it through an exchange like Kraken or Poloniex for ether. There are bitcoin ATMs scattered around as well, but I can't comment on any fees involved or how close they match exchange prices. + +Other sites I checked out: + +* Local Bitcoins - It looks like I'd have to find another user to trade with and prices seem far higher than the exchanges. +* Poloniex - Doesn't look like you can deposit CAD. +* Gemini - Don't see a way to deposit CAD. Also sent verification 2 days ago and have not been verified. +* Bitfinex - Can't wire transfer USD out at this moment and I don't see a way to deposit CAD. +* **Coinsquare** - moved to the above section + +Funnily enough, this whole experience has made me appreciate the flexibility cryptocurrency like ether has and served as a reminder to how slow and cumbersome transactions become once the banking system is involved. It seems crazy to me that one of the top 5 banks in the country can just choose to not support a direct bank transfer to QuadrigaCX (or QuadrigaCX doesn't support them? hmm..), and transferring money to them becomes that much more difficult. Maybe I just need a different bank :) + +EDIT: received wire transfer through QuadrigaCX, made account with coinsquare. +EDIT2: added coinsquare section +Thanks for the banners and the work on Trade or Dai and ConcourseQ, scott\_lew\_is! + +&#x200B; + +This is intended to be a small token of appreciation for the work that /u/scott_lew_is has done for our community. See full statement here: + +&#x200B; + +(/u/scott\_lew\_is currently has the price of the banner set to 300,000 donuts so he pays a 3,000 donut tax. At that rate, a 30,000 donut grant helps offset 10 days of banner cost.) + +[View Poll](https://www.reddit.com/poll/ae8ggy) +Everyone in this sub is likely aware of ALPP. It ran from 0.05 to $9 last year. + +Finally, Nasdaq uplisting seems like it's round the corner. ALPP themselves tweeted a logo change a couple of days ago, with the caption 'Time to embrace change'. + +'Embracing change' is a Nasdaq slogan which you can see in big letters on their website. + +This is not a coincidence! This is your chance to get in now before the official announcement. + +Also - Their subsidiary (Vayu) made their first commercial drone delivery today. This shows their drones are real, in use, and demonstrates the market for drone food delivery. +Landed my first big boy job a couple months back, my mom paid for my housing while I was in College and even afterwards, throughout my job hunt. + + I know she wouldn't accept my money but I know it'll help her a lot, and it's about time she sees some fruits for all her hard labor :) +# dxDAO - the First Crypto Exchange Run by a DAO + + +**Marcet cap:** 1.3 MLN +**Token handle:** $DXD +**Circulation supply:** 23 695 / 123 224 +**Team:** Great members of Loopring, Kleros, Gnosis, Ethereum +**DXdao powered Dapps:** Mix.eth / Omen.eth / Mesa.eth - revenue from Dapps goes to DXD holders. + + +**DXdao** is a decentralized community that develops, governs, and grows **DeFi** protocols and products. Its initial members were seeded through a 1 month process where over **$20M** in **ETH** and other tokens were staked and **400**\+ addresses received Reputation. + +Since then, DXdao has been advancing critical DeFi infrastructure like **Mesa.eth**, a recently launched frontend to the **Gnosis Protocol**, and **Omen.eth**, a soon-to-launch prediction market platform. + +**The DXdao** is also involved in developing **Mix.eth**, governing DMM, and maintaining the **DutchX** trading protocol. In order to bootstrap these efforts and broaden its stakeholder base, the DXdao recently voted to launch a public OpenRaise campaign. + + +# Let’s go deeper in what that means. + +**Starting with Gnosis Protocol**: Gnosis Protocol is built in the spirit of permissionless innovation. Its fully decentralized architecture means you don’t need to trust us at Gnosis to build on our protocol. Not only can anyone list tokens or build integrations, Gnosis Protocol's order settlement process does not rely on any operator. + +Here you can learn more about the protocol and everything you need to start building. Start with the introduction, use cases, or a deep dive into the contracts. + +Gnosis Protocol is a fully permissionless **DEX**, which has been in research and development over the course of the last two years. + +Gnosis Protocol enables ring trades to maximize liquidity. Ring trades are order settlements which share liquidity across all orders, rather than a single token pair, and uniquely suited for trading prediction market tokens and the long tail of all tokenized assets. + +**Gnosis GitHub Page:** +[https://github.com/gnosis](https://github.com/gnosis) + +**As you can see there is a lot of development going on which includes:** + +* Interface for conditional markets for Gnosis' Conditional Token Standard +* Safe Transaction service which keeps track of transactions sent via Gnosis Safe contacts and confirmed transactions. It also keeps track of Ether and ERC20 token transfers to Safe contracts. +* Dex services – off chain services for the Gnosis Protocol +* Safe iOS – Gnosis iOS Ap +* Safe Android – Gnosis Android App + +And many other developments… + + +# Which leads us to DXDao products: + +**MIX.ETH** +**Mix.finance/Mix.eth** \- A portfolio tracker with privacy and security as its core. + +The goal of Mix is to deliver a portfolio manager for the Ethereum ecosystem with privacy, security and a good user experience as a core feature. With the emergence of DeFi 2, decentralised autonomous organisation frameworks (Aragon, 4 Daostack 2) and privacy enabling technologies (zk-SNARKs 3) we can finally deliver a next level wallet interface/portfolio manager. + +**Deeper dive into Mix.ETH:** +[https://daotalk.org/t/mix-eth-seeking-feedback-on-proposal/1183](https://daotalk.org/t/mix-eth-seeking-feedback-on-proposal/1183) + +**MESA.ET** +**Mesa** is an Open Source interface for the Gnosis Protocol, a fully permissionless DEX that enables ring trades to maximize liquidity. + +**Deeper dive into Mix.ETH:** +[https://mesa.eth.link/](https://mesa.eth.link/) + +**OMEN** +**Omen** is a fully decentralized prediction market platform built on top of the Gnosis conditional token framework. Slated to launch in the coming weeks, Omen will allow anyone to create a prediction market- be it in the realm of crypto, sports, politics, entertainment, etc.- and stake funds on a particular outcome. + +“People can and will continue to disagree about important topics — that is natural and important — but prediction markets force them to acknowledge the current consensus and whether their input is persuasive.” — Flip Incoming, “The Case for Prediction Markets” + +Generally, if you look at the cryptocurrency market, people buy and sell crypto based on their prediction of its future value. Prediction markets (also known as information markets, idea futures, event derivatives, decision markets, etc.) allow people to buy and sell outcomes of events. Because people are staking their funds in these markets, the truth becomes its own profit-bearing asset. Prediction markets can serve as aggregators of superior knowledge, where the market share price adjusts to new information and reflects the probability of future outcomes. Omen facilitates all of this on-chain through Gnosis’ conditional token framework. + +**Deeper dive into Omen:** +[https://daotalk.org/t/omen-mvp-overview/1229](https://daotalk.org/t/omen-mvp-overview/1229)[https://medium.com/bitfwd/omen-dxdaos-new-flagship-product-4976be96d312](https://medium.com/bitfwd/omen-dxdaos-new-flagship-product-4976be96d312) + +# TEAM: That’s part is getting really interesting since we need to start with beginning what DAO really is. + +DAO is a Decentralized Autonomous Organization (**DAO**), sometimes labeled a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by shareholders and not influenced by a central government. + +The dxDAO is a community-governed DAO which means they don't really have a team since it's a community driven project. + +The dxDAO is a community-governed DAO with total control over the DutchX trading protocol. + +**Watch this explainer video how DutchX operates**: +[https://www.youtube.com/watch?v=\_TBVXT6XIe0](https://www.youtube.com/watch?v=_TBVXT6XIe0) + + +The dxDAO is not a Gnosis DAO. Gnosis is not part of the dxDAO. Although the technical development of the dxDAO is a project of Gnosis Limited with the support of DAOstack based on DAOstack’s Framework, the contribution of the Companies was limited to providing the technical basis for the dxDAO, including its one month initialisation phase, which ran from 29 May to 28 June 2019. Gnosis Limited did not participate in the initial voting rights’ distribution in the dxDAO. + +This readthedocs document aims to make it easier for interested third parties to understand the DutchX and dxDAO data as critical infrastructure of the Ethereum blockchain ecosystem. + +If you want to get deeper dive about this project check out link section in the bottom of article. + +# Market overview: + +**Maker (MKR)** is a utility token, governance token and recapitalization resource of the Maker system. + +Maker \[MKR\] is a token based on Ethereum blockchain. The most actual price for one Maker \[MKR\] is $552.43. Maker is listed on 33 exchanges with a sum of 65 active markets. The 24h volume of \[MKR\] is $20 738 227, while the Maker market cap is $555 507 722 which ranks it as #24 of all cryptocurrencies. + +**MKR Rank:** 28 +**Marketcap**: $494,696,419 +**Available Supply:** 892,170 +**Max Supply:** 1,005,576 +**USD:** $554.8300 **BTC**: 0.05846718₿ **ETH**: 2.37206300Ξ + + +**24h Low & High** +$529.50| $590.08 + +# Comparing it to DXD: + +**DXD Rank:** 582 +**Marketcap**: $1,633,652 +**Available Supply:** 23,697 +**Max Supply:** 123,226 +**USD:** $68.9400 **BTC:** 0.00726726₿ **ETH:** 0.29483887Ξ + +**24h Low & High** +$55.88| $74.16 + + +# Other #DEFI Partners: + +**The DeFi Money Market (DMM)** provides a trust-minimized, transparent, and permissionless environment on the Ethereum blockchain that empowers users across the world to once again earn a positive yield through digital assets backed by a basket of interest-generating real-world assets brought on-chain into the DeFi space. DMM operates as an ecosystem where real-asset owners can tap Ethereum digital asset owners for funding, which also allows digital asset lenders to gain exposure to uncorrelated passive income. This enables real world asset owners to engage in collateralized borrowing at more competitive rates with a global permissionless reach. In the DMM Ecosystem, both the off-chain assets backing mTokens and the interest revenue generated from these assets are overcollateralized, thus protecting depositors. + +Being backed by real world assets also means DMM mTokens can offer users a much more stable and reliable ROI on their deposited funds (currently DAI, USDC, ETH) at a stable 6.25% APY. This is in contrast to many other on-chain money markets which offer variable interest rates driven by cryptocurrency leverage traders. Transparency into the off-chain assets backing mTokens and their valuations can be found on-chain and on the DMM Explorer. Additionally, our collaboration and usage of Chainlink’s decentralized oracles adds an extra layer of security and trust to the ecosystem by writing essential data on-chain that details the ecosystem’s valuation and total active collateralization. + +**Website**: +[https://defimoneymarket.com/](https://defimoneymarket.com/) + +**DMM DAO Partnership with DXDao** + +“DMM has and will continue to work with the DXdao, a DeFi-focused DAO, in crafting the structure and overall governance of the DMM DAO to utilize and implement best practices in DAO governance. The DXdao was granted a 2% allocation of DMG tokens, and is composed of over 400 stakeholders that control Ethereum protocols and related assets, a treasury of Ether and tokens, and oversees multiple different DeFi projects including Mix.eth, Omen.eth, and Mesa.eth. + +Through the governance structure we have laid out above, it is our goal that the DMG governance token and community DAO will enable DMM to become a highly decentralized protocol removing any single point of failure. We anticipate that changes and fine-tuning to this structure will be required and we are open to any and all feedback you may have as DMM is a community driven project first and foremost. + +By enabling permissionless access to a stable yield backed by revenue generating real world assets, we envision a world where your geolocation makes no difference to the ability to secure your financial freedom or grow your business.” + +**Source**: +[https://medium.com/dmm-dao/defi-money-market-dmm-dmg-governance-token-491c9a62c6bf](https://medium.com/dmm-dao/defi-money-market-dmm-dmg-governance-token-491c9a62c6bf) + +# TLDR + +**To put it in perspective/ This is your golden ticket to join DEFI wagon with uprising od DXDdao and Gnosis Protocol. 30% of MKR market cap will place DXD token at value of 6262 USD PER 1DXD.** + +**BUY IT AND HODL IT.** + +**Can’t do all detective work but remember I’m the person who called MFG from the bottom. I know my game.** + +# For further questions regarding DXdao’s campaign visit websites: + +**DXdao.eth** +[https://twitter.com/Dxdao\_](https://twitter.com/Dxdao_)[https://t.me/dxDAO](https://t.me/dxDAO)[https://twitter.com/Ingalandia](https://twitter.com/Ingalandia) + +**Sources:** +[https://medium.com/bitfwd/distributed-capital-formation-with-openraise-3af9a601ad63](https://medium.com/bitfwd/distributed-capital-formation-with-openraise-3af9a601ad63) +[https://docs.gnosis.io/protocol/](https://docs.gnosis.io/protocol/) +[https://en.wikipedia.org/wiki/Decentralized\_autonomous\_organization](https://en.wikipedia.org/wiki/Decentralized_autonomous_organization) + + +*This article is for informational purposes only. Please seek independent legal and financial advice in your jurisdiction before making any investment decisions.* +💸💸 + +If you haven’t checked out my previous post $ORN then view it here. + +https://www.reddit.com/r/CryptoMoonShots/comments/lodchs/orn_huge_potential_10x_gains_under_200m_market/ + +The returns that you will get from staking $ORN is just insane. To see how much money you can gain according to how much you may stake when mainnet gets released then click below as words can’t explain this 🚀 + +https://calc.orionprotocol.io/?hsCtaTracking=5387b11f-e701-4760-ba5a-ff135c647a36%7Cddc737c7-b714-4e5e-89e9-680745e35c26 + +So you’ve looked at the calculator and you’re saying to your self WTF! +How is this possible!?! +I don’t understand!? + +Well here’s a link below that will explain the staking calculator with some realistic figures: + +https://youtu.be/HjhC_quHgx8 + +Credit goes to Ryan from Blocks of Finance + +Hope you guys don’t miss out on this 🚀 + +Some common questions: + +Is the minimum to stake 1000 ORN? +No, that’s just being shown so that the calculator is more user friendly, just take the % APY given and multiple with the amount of ORN you have which will give you your returns if you have less than 1000. + +Where can I stake ORN? +Currently, you can stake on their Liquidity Pool using UniSwap or you can stake on KuCoin/BitMax. +Bear in mind that this calculator is for staking ORN on the terminal when mainnet comes out. + +Why are their exchange symbols on the slider for “Protocol Daily Volume”? +When you slide to those icons such as 1INCH, you’re approximately at how much volume those exchanges are doing. + +Damn, I can’t miss out, where do I get this shit 💸? +Binance.com +KuCoin +BitMax +UniSwap + +Note: I am not a Financial Advisor, just a guy on Reddit sharing a 💎 I found. I have a link to my first post that has more information on $ORN that will help you with finding out more. So please DYOR! + +LINK BELOW TO REGISTER INTEREST FOR EARLY ACCESS TO ORION TERMINAL: + +https://orionprotocol.io/launch?OP=8999451 +I know everyone is debating can brokers take away your shares? I am DRS’d but if brokers hypothetically take away my shares and give me back my cost basis I’ll just buy back GME again. I don’t care I can do this all day. + +All they want us to do is panic sell and give up on investing in GME. I won’t give in and will keep buying more and more no matter what. No one can stop this long term. Even after Jan 2021 buy button being taken away they had to allow buying back after a few days and look at where we are. If you don’t give up they can’t win. +Okay, maybe *rags to riches* is an exaggeration. + +I (25M) come from a humble background. Though we almost never had to worry about food in our bellies, we also didn't have much growing up. 3 months ago, I landed a job which pays unbelievably well by any standard \[£40K + up to £32.5K bonus\]. Somehow, I haven't found a catch yet. I enjoy the work (technical sales) and like my team and management. My probation is 6 months and I feel positive about it. + +I am incredibly grateful to be in this fortunate position. I do not currently have any dependents but will likely need to financially support my parents (and maybe siblings) in the future alongside my own future spouse/kids. And watching the news doesn't fill me with optimism about the economic situation in the coming years. + +Because of this, I feel the need to capitalise on my situation as much as possible. My family are not very money savvy so there are many things I was never taught about being good in that regard. But I have been trying to learn where I can from friends/online/this subreddit. + +My question for you lovely folks: how can I maximise the benefits I reap from my situation? + +# Breakdown + +**Income** + +* Annual gross salary: £40K +* Annual gross bonus (paid in March): £32.5K +* Monthly Net Salary Income: £2430 + +**Monthly Outgoings** + +* Rent: £385 +* All home bills: £180 +* Phone: £10 +* Sports membership: £40 +* Groceries + other: £300 +* Car expenses: £80 +* Total: £995 + +**Savings** + +* 6-month emergency fund: £5450 +* Stocks & shares ISA: £1450 + +**Other** + +* Debt: none +* Properties owned: none + +I hope my question isn't too generic and am happy to provide further info if needed. + +Any and all helpful guidance is appreciated. + +&#x200B; + +*Edit - thank you for your responses. I am currently at work but will be sure to read and answer them tonight!* + +*Edit 2 - Xmas duties took precedence, and I am only now getting around to answering the comments. Thank you all once again, I got through some and it's already given me a good deal to think about. Will do the others tomorrow.* +I’m 36. I have a near full pension coming in less than 15 years. I currently have a pretax account that is set to be as aggressive as possible for the past 10 years. And currently max out my Roth as well. + +We are about to pay off our mortgage and will free up about 1200 a month to invest. My wife and I are conservative and would like to invest in dividend stocks or ETFs in the next few months. I’ve been learning quite a bit but haven’t pulled the trigger yet on anything yet. Im strongly considering buying SCHD, VZ, KO and JNJ. + +Do you have any advice or tips for starting out on this journey? +Looking at ways to diversify a portion of my portfolio and unwind a portion of it from a very highly volatile stock market play I have been engaging in the past 15 months or so. What are your top 10 dividend stock picks that gives a stable quarterly dividend? + +Edit: You guys have been very helpful. keep em coming. I'd really like to be diversified and have atleast 10 good dividend paying stocks. +Just a reminder than $T is going ex-dividend tomorrow (8th July) + +&#x200B; + +Are we buying? Its not a great sign when its dropping the day before ex-div though! +I got $100K available for dividend investment, how would you play this?? + +Started to research for dividend stocks to add to my portfolio, and I cant decided whether buying 3M or KO + +I saw that both companies increased dividend over the last 20 years .. + +but ko financials seems much mire stable. + +if you had room for only one of those stocks, who would you pick ? + +&#x200B; + +https://preview.redd.it/28034inb1qj71.png?width=1214&format=png&auto=webp&s=6cb187f21112fbea3de9580689766edd004b5936 +On April 25th I got a bitpay notification of a 1BTC donation. + +Thank you. That's officially (and by a lot) the biggest donation I've ever received for RES, and it means a great deal. + +Since it came through bitpay, I have no information about who you are on reddit, via email, or whatever else, so I have no better way to thank you than to make a self post here, and I wanted to at least somehow acknowledge and thank you... + +So, whoever you are: thank you! + +edit: holy crap. a [5BTC tip](http://www.reddit.com/r/Bitcoin/comments/1d8qn2/to_whomever_it_was_that_donated_1btc_to_reddit/c9oa4t7) from /u/shakethatbass -- that is insanity. Thank you so much. In one day, that increases what RES has seen in donations in **2 years** by probably 12% or so (rough estimate) -- all in one donation. +I am 19, living in South Yorkshire with parents and putting away £1600 a month from my full time job, will jump to £1750 within 3 months. 200 of that is a help to buy with £5k in it and the rest straight to savings about 3k in there. (rough figures). My GF of 10 months has had to leave her parents house and is living with relatives saving estimated 800 a month but cannot stay there forever (6 months will be pushing it). + +We plan in 4-5 months to be moved out and renting somewhere for 3-6 months (up to 600pm) to make sure we are able to function as adults and take the step into running our own home together as it is a big jump as a not only individually but as a couple. After that we would be speaking with a mortgage broker to try and get a mortgage in principal and then move on to buying a house, likely still not married by this point. + +However my parents have been pushing against this step massively saying my age is an issue and that I should be staying at home saving for a deposit. They and my other family say renting and owning a home will be more expensive than I can ever imagine and that me and my girlfriend will fall out and stress and argue over each other because of this, hence why we want to rent together beforehand and see how we do. However we are unable to spend extended periods of time together due to parents rules and beliefs, hence why we see renting as a good option despite the "dead money" aspect of it. + +Please feel free to poke holes in any of this and make suggestions from your outsiders perspective. + +Is renting somewhere for just 3-6 months feasible? Are contracts only a year long for renting? +Is it possible to get a mortgage essentially as girlfriend and boyfriend? + +Some of this could also be relationship advice material I guess. + +It goes without saying I love this woman dearly and want to spend my life with her and am fully confident I want to take these next steps together, but pressure from family and queries I have are putting me in a stressful mental situation. +Radio host 1 : “Cryptocurrency is getting popular again!” + +Radio host 2 : “Yes! Me and my wife always thought that cryptocurrency was good, but we’re not sure which one will take off” + +Bla bla bla bla + +Radio host 1 : “The winning one should go through a federal reserve.” + +Me: Shuts off radio, bangs head on steering wheel. + +How does one say that out loud and not realise how idiotic that sounds? +Seriously guys, it's the first time I am totally NOT concerned by the recent dip, when I look at all the recent real world developments with ETH (Russian airline, EEA announcement etc.). +Chinese whales playing BTC games --> price drops -->nearly all altcoin prices drop due to BTC pairing and trading bots reacting to price decline. Just stay calm and ignore the rollercoaster ride. At least those who HODL can definitely ignore this ride. Traders, well yea, trading can be exhausting. + +I know the question regularly comes up: But why isn't the price then rising, if there are so many good news? It's simple you can't fight whales and all trading bots, they have more power than us "normal" users. Crypto will stay a very volatile space as it's still a fairly small market. + +Real world applications are the MOST IMPORTANT aspect for ETH. The 400$ spike was important as it attracted attention from non-tech people. Some of em got scared, some of em stayed, as they invest for the longterm. Be patient and let the developers do their job - incl. mistakes. In the end, ETH is going to stay and rise. + +First of all, welcome! Glad to have you on the ship, after our standard ~50% correction this week, I just want to make sure no one makes the same mistake I did back in 2014. I see a lot of posts how people are buying in at $100-210 + +[I bought BTC from Coinbase](http://i.imgur.com/OQUlTPE.png) after realizing the hype from 2013, but when it fell from 800 to 500, I sold and told myself I wouldn't get involved again. Bear in mind I was in college making no money so the $100 loss sucked. If I had just left my BTC I would have made a modest $1,000 over 3 years. + +I decided 3 years later I would do the same stupid thing, but stumbled across ETH instead. After getting most of my positions in Feb/March, I'm glad I learned that lesson back in 2014, finding myself in the position I'm in today. ETH isn't going anywhere. Put anything in that you can afford to lose and forget about it. Don't panic at corrections and let your ETH sit in your offline wallet. +TLDR: **Naked shorting appears prevalent in GME, and if true was likely aided by DTCC, whom by extension may have shut down the short squeeze on 1/28 because it would've caused a massive scandal had the squeeze happened**. (This post has a lot of sources but in order to push this through I've had to remove most of the link, you can pm me for sources if you'd like) + +I was doing some research on naked shorting in the context of GME which led me down a rabbit hole of pieces connecting with each other as it relates to GME. I was taking notes while reading and below are the results of my notes. This is still a hypothesis and theory but appears supported by numerous pieces of the puzzle, I could be wrong but personally the pieces seem clear to me now: + +One of the interesting things about GME and a big part of what triggered the short squeeze happening is the extraordinarily large short interest percentage reported by Finra to be 226%, and later in the range of 150% percent of total float. Another interesting factor is the extraordinarily high number of FTIDs ([https://wherearetheshares.com/](https://wherearetheshares.com/)). Both are strong indicators of the practice of naked short selling which in general is illegal. In addition there have been many indications that there are far more shares out there then should exist. Where do these shares come from? One potential explanation is covering using synthetic long shares or counterfeit shares caused by naked shorting. + +I’m an entrepreneur, not a finance expert, so I started doing some more digging on naked short selling to educate myself more on the subject. I started withreading SEC Regulation SHO which deals with naked short selling. “Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. **A fail may also result from “naked” short selling**.” + +Interesting. We have a consistent and very high rate of FTIDs dating from 2020 and beyond, an indicator that the stock has potentially been naked shorted for a long time. + +According to former Chairman of the SEC Christopher Cox, “Abusive **naked short sales... can be used as a tool to drive down a company's stock price** to the detriment of all of its investors. The Commission is particularly concerned about **persistent failures to deliver in the market** for some securities that may be due to loopholes in the Commission's Regulation SHO, adopted just two years ago… Selling short without having stock available for delivery, and **intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws**… We are particularly concerned about the potential negative effect that **substantial and persistent fails to deliver may be having on the market in some securities.** Specifically, these fails to deliver can deprive shareholders of the benefits of ownership - voting, lending, and dividends from issuers. Moreover, **they can be indicative of abusive naked short selling, which could be used as a tool to drive down a company's stock price**. + +In a different speech Mr Cox re-iterated that short selling helps prevent "irrational exuberance and bubbles. But **when someone fails to borrow and deliver the securities needed to make good on a short position, after failing even to determine that they can be borrowed, that is not contributing to an orderly market – it is undermining it.”** Mr Cox also “referred to "the serious problem of abusive naked short sales” as “**a tool to drive down a company's stock price**" and that the SEC is "concerned about the persistent failures to deliver in the market for some securities that may be due to **loopholes in Regulation SHO**" + +As another datapoint, Robert J. Shapiro, former undersecretary of commerce for economic affairs has claimed that **naked short selling has cost investors $100 billion and driven 1,000 companies into the ground**. + +I also read ‘**One complaint about naked shorting from targeted companies is that the practice dilutes a company's shares** for as long as unsettled short sales sit open on the books. This has been alleged to create "**phantom" or "counterfeit" shares**, sometimes going from trade to trade without connection to any physical shares, and **artificially depressing the share price’**”. Shortly after, I read that Matt Taibbi contended the use of naked shorting and counterfeit shares was the tactic used to help kill both Bear Sterns and Lehman Brothers. Taibbi said that the two firms got a "push" into extinction from "a flat-out counterfeiting scheme called naked short-selling". + +All these sources above seem to support the theory that GME stock was wildly naked shorted, which put funds in the risk of being badly short squeezed. If investing on the basis of the extraordinarily high short interest percentage, GME was a prime candidate for a short squeeze to happen -- potentially even an infinite short squeeze. On 1/26 Elon tweeted about Gamestop and that was the day the stock entered the mainstream for a lot of people and retail investors began to really pile on to the stock outside of WSB. The goal of this was to push the stock price up and trigger a short squeeze, the theorized losers would be the funds that naked shorted and would be stuck in the squeeze. + +On 1/28 Thursday when the stock had immense momentum from the moment pre-trading started (the stock shot up to 513 in pre-trading) and it looked like the squeeze was going to happen that day, the momentum was suddenly shut down when RHood (where many or potentially majority of retail investors were on) were shut off from the ability to buy GME stock and only allow selling, followed by several other brokers. Many believe this was a result of collusion and that this shut down allowed badly besieged hedge funds to close some positions while the public was shut out of buying (but funds were not.) When this happened people were upset at RHood suspecting it was a result of potential collusion between RHoodand Citadel (which along with Point72 invested a lifeline of 2.5 billion to Melvin Capital, one of the short side funds, and is also responsible for something like 40% of RHoods entire revenue by buying their order books), but many also speculated collusion with DTCC itself. Now, personally speaking, its kind of crazy to think about DTCC being complicit in something like this. However, looking into the details of what happened, a skeptical part of me became suspicious. + +Apparently what triggered the shut down on trading GME on that day was DTCC sending a letter at 4 am to RHood requiring them to come up with 3 billion dollars. So it sounds like it was essentially this DTCC letter that led to the shut down of the momentum on GME and the short squeeze happening. On that day, there were theories thrown out that DTCC was potentially complicit in the naked short selling of GME and intentionally did this to stem the massive blow back/scandal if an infinite short squeeze did happen. Assuming the price of share of the price rocketed to 1000 or beyond (which would be likely in the event of a short squeeze or infinite short squeeze), hedge funds would likely go bankrupt as financially speaking there would be no way they would be able to cover all their shorts, and presumably entities that lent the short side hedge fund the shares to short would be holding the bag. Worse, DTCC would be exposed for being complicit in this entire thing, I imagine it would be an incredible scandal to say the least. + +Then I read something that caught my eye… DTCC has had a history of being at the center and source of naked shorts. From an article dating back to 2007, “Depository Trust & Clearing Corp. is a little-known institution in the nation's stock markets with a seemingly straightforward job: It is the middleman that helps ensure delivery of shares to buyers and money to sellers. About 99% of the time, trades are completed without incident. But about 1% of the shares -- valued at about $2.5 billion on a given a day -- aren't delivered to the buyer within the requisite three days, for one reason or another. **These "failures to deliver" have put DTCC in the middle of a long-running fight over whether unscrupulous investors are driving down hundreds of small companies' share prices**.” + +Apparently the DTCC has been known to be allowing or complicit in this action for a very long time. According to Wall Street Journal “**There is no dispute that illegal naked shorting happens. The fight is over how prevalent the problem is -- and the extent to which DTCC is responsible**. Some companies with falling stock prices say it is rampant and blame DTCC as the keepers of the system where it happens. DTCC and others say it isn't widespread enough to be a major concern.” + +"It has been alleged in **tens or hundreds of lawsuit**s that the DTCC and its **Prime Broker owners have abused their monopoly position to create numerous techniques that allow for the creation of counterfeit shares through naked shorting** that facilitate stock manipulation by hedge funds. Law suits have been brought against Merrell. Lynch, Goldman Sachs, Morgan Stanley, JP Morgan, UBS, other market makers and also the DTCC. The Prime Brokers and DTCC have fought back ferociously against these lawsuits with great success and **have been largely successful in blocking attempts to gain access to their transaction data bases. The information that they do release is incomplete, self-serving and misleading**. + +As a thought experiment, lets say naked shorting is rampant in GME (many many indicators point to this) and lets say DTCC was ultimately responsible for allowing a wide scale naked shorting campaign on GME, wouldn’t it be in their best interest to make sure this doesn’t get out and blow up in their faces? Something to consider. Because had they not done what they did on 1/28 Thursday, many traders believe the squeeze would’ve happened that day. + +From the Wall Street Journal: “The Securities and Exchange Commission has viewed naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. The latest move came last month, when the SEC further tightened the rules regarding when stock has to be delivered after a sale. But **some critics argue the SEC still hasn't done enough**… Some delivery failures linger for weeks or months. Until that failure is resolved, there are effectively additional shares of a company's stock rattling around the trading system in the form of the shares credited to the buyer's account, critics say. **This "phantom stock" can put downward pressure on a company's share price by increasing the supply… Critics contend DTCC has turned a blind eye to the naked-shorting problem.”** + +From everything I’ve seen, as someone who has been an observer and a participant of this saga starting from 1/26, many things look very fishy and there are a lot of red flags people have documented. I personally hold the following hypothesis: + +* GME shorts engaged in rampant naked shorting which lead to the short interest of the stock being 221% and 150% at various times, and as late as 1/28 reported by S3 to be 122% +* GME shorts potentially hid their positions via a loophole of generating synthetic longs and using those to “cover” their positions but not truly covering, which is illegal to cover using this particular method, and which has the effect of delaying the short needing to be closed, potentially betting on retail investors to lost interest and price to go back down before they truly close +* As a result of naked shorting a large amount of counterfeit shares are floating in the market leading to there being far more GME shares then the actual float +* The counterfeit shares can/have been used in aggressive naked short attacks to further drive down the price of GME, which may have led to the precipitous price drop starting last Monday and which may have also been aided by if they were able to artificially cover their shorts using synthetic long shares +* Due to the widespread naked shorting that all signs are pointing to, DTCC which has had history of being accused of turning a blind eye to naked shorts, may’ve turned a blind eye to the rampant naked shorting happening in GME +* There was potentially collusion on 1/28 to stop the short squeeze from happening whereby DTCC may be involved and may be implicated had the squeeze happened due to the position of naked shorts, it would have been an unbelievable scandal if exposed. + +With the GameStop hearings coming up on February 18th, I highly recommend you email and tweet the representatives involved in the hearing, as well as your own district representatives, and urge them to read into the factors presented in this post and **call the DTCC and Prime Brokers to the hearing**l. **They need to be questioned on why GME has so many counterfeit shares, failed to deliver, their complicity in naked shorting, and investigated for their role in the retail shut down of 1/28.** Below are 4 members of congress I recommend both tweeting and emailing + +Alexandria Ocasio-Cortez [https://twitter.com/AOC](https://twitter.com/AOC), email: [us@ocasiocortez.com](mailto:us@ocasiocortez.com) + +Al Green [https://twitter.com/repalgreen](https://twitter.com/repalgreen), email: [al.green@mail.house.gov](mailto:al.green@mail.house.gov) + +Maxine Waters [https://twitter.com/maxinewaters](https://twitter.com/maxinewaters), email: [maxine.waters@mail.house.gov](mailto:maxine.waters@mail.house.gov) + +Nancy Pelosi Email: [https://twitter.com/SpeakerPelosi](https://twitter.com/SpeakerPelosi) email: [sf.nancy@mail.house.gov](mailto:sf.nancy@mail.house.gov). + +And you can find other members of Financial Services Committee here to reach out to: [https://financialservices.house.gov/about/committee-membership.htm](https://financialservices.house.gov/about/committee-membership.htm) + +**Edit: Matt Taibbi's rolling stone article is highly relevant and good reading on this subject** [**https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/**](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)**, so many parallels that the signs are hard to miss. Even if you've read it before, recommend reading it again. Shows me that if the hypothesis posed is true, Prime brokers are likely complicit. Prime brokers also happen to own the DTCC.** + +**This brings up another interesting thought experiment a Redditor brought up: On 1/28 when the price was 450+ and shorts were likely under 100, if we assume prime brokers allowed naked shorting in GME, then when the squeeze was about to happen (or happening), if brokers margin called the shorts, they would presumably also go down because shorts would not be able to pay in that event and the brokers would be holding the bag. By that logic, they have every incentive in this case to NOT to margin call because doing would also taken them down and they would lose a lot of money. Instead the most logical option would probably be to make a backroom deal, which is what I personally think mostly likely happened.** +Does anyone have any experience of using AMEX in the Uk? I’m looking for a credit card and some of the Amex cards have the best rewards/cashback (from what I have seen) + +I have heard that not all places take Amex. Have people found them difficult to use? Thanks in advance. +The mods deleted my last post about this! But if you’re reading… + +FTMO is a prop trading firm. You are trading with their money with the intent of producing a return against the market. + +They are also large enough to offer their own brokerage along with your funded account. + +Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? Why would they take away the money they are giving you to trade? + +The other half of FTMO is that many of the products you are trading are CFDs. These work by a brokerage matching your trades against the other traders on that broker, NOT by placing live orders on the actual market. + +How in the hell are you making them any actual money when in fact all you are doing is taking money from another one of their traders? + +The FTMO shills are heavily active in this forum and I expect to be silenced shortly. +I'm looking for an EA that is capable of doing this, turn $100 to $100,000 in a year in backtest! I know these EA's exist and yes I know they're very risky and need leverage but I'm willing to risk $100! + +If you know any that are similar off hand please let me know +I am trying to make this demo as realistic as I can... I only have two trades in using a 0.1 lot size and my margin is already $400. Would I have to start out at much smaller lot sizes than this? At that point I feel as if I would barely be making money. +Hey there traders. What does your target look like. And what size account are you using + +Me I'm trading with a 10k account and aim for about 40 a day. If I see a definitive trade after 40 I'd take maybe one or two more, but then I stop, regardless if I have been busy for 1 minute or ten hours. My job allows me to glance at my trading portfolio, so I do have some "free time" during the day but try to only set up really good indicating once during this time. Granted I have only been busy with a real account for the last 20 days but so far I have been able to make 30 a day if you avg it out +Hi + +I've become consistent with my trading strategy and want to attempt prop firm challenge. The only thing stopping me is fear so I've decided to invest a very small amount to get real experience in hopes of building confidence and eventually attempting prop firm challenge. + +However, I can't decide between August and September. July and August are slow months so September would be best, no? What do you guys think? Please share your opinion. + +Thank you. +i would like to daytrade forex. i'm looking at all the info in babypips.com school, but it is a lot of indicators, etc. to digest, a bit overwhelming. is there a way to get started in this and keep it simple without having to memorize all these fancy technical indicators? anybody have any other resources that may help? +Hey guys + +So I have taken a course long time ago from babypips and it was fun and engaging course where I learned how to trade forex +I opened trail account with fake money to test my understanding and I did make some successful trades as well as a failed one and I realized this is the nature of the game. + +But now I was thinking of taking it to the next level, and to make a decent living, is it possible or it’s just a fraud +I have plenty of free time so I can be dedicated to the learning, but is it worth it? + +Share your experience + +Thnx +I just watched a video going over a strategy for carry trading, using the interest from swaps, but every single pair I look at on multiple brokers its ALWAYS negative? Am I looking at the wrong brokers? do brokers even have a say in swap rates? (I'm still very much a rookie) + +&#x200B; + +Thank you in advance! +I've been demo trading for about half a year now, and got it into my head that i was probably ready to start trading for real. Doing some research for accounts to set up i came across Oanda and saw positive reviews and that they were one of the older fx traders. Seeming reliable, i went to sign up for an account with them. At the end of their account process it asks you multiple questions, testing you on your knowledge of the Forex market. I did not pass, and had my account refused. Taking this as a sign i was not ready, i've gone back to learning, found this subreddit and am currently running through the Babypips course. + +I would have thought this the end of the story, but three weeks later i receive a missed call/voicemail from Oanda, saying that they wish to speak to me about opening my account. I ignored it, since i'm still going through the course. A few days later they call me again, leaving another voicemail to chase, and then again. After the third one i just blocked the number, but i kept getting voicemails from them. Listening to these they now tell me that they've gone through with creating my account, and they've deposited £250 for me to start spending. They also say that after five completed trades i'll be able to withdraw the money. They have since called me about ten times, once a day, always leaving a voicemail. + +Considering they originally denied me an account due to lack of knowledge (which i'm perfectly willing to accept, i was trying to jump in too early) this all seems kind of dodgy. They're not only giving me an account, but they're encouraging me to get to trading, when they specifically know that i wasn't able to pass the test. + +Is this normal behaviour for a group like Oanda? Are they trying to target me like i was purely a gambler? Should i take advantage(sign into the account, make five tiny trades, close them and withdraw the <£250)? Or do i just contact them to tell them to close the account and leave me alone, (or just ignore them altogether)? + +Thanks in advance. +#MEW has just made more [official statement.](https://twitter.com/myetherwallet/status/988830652526092288) and thus can find that this current situation is "fixed." But please ! do make caution at all times. + +**If you want to learn more about the technical side of this, click [here](https://doublepulsar.com/hijack-of-amazons-internet-domain-service-used-to-reroute-web-traffic-for-two-hours-unnoticed-3a6f0dda6a6f)** + +> Google Domain Name System registration servers were hijacked earlier today at roughly 12PM UTC so that MEW users were redirected to a phishing site. This redirecting of DNS servers is a decade-old hacking technique that aims to undermine the Internet’s routing system. + +>This can happen to any org & is not due to a lack of security on the MEW platform, but due to criminal hackers finding vulnerabilities in public-facing DNS servers. Your security & privacy is ALWAYS priority. We do not store any of your personal details, including keys. + +>Majority of those affected were using Google DNS servers. Affected users likely clicked the "ignore" button on the SSL warning that pops up when visiting a malicious site imitating MEW. MAKE SURE there is a green bar SSL certificate that says “MyEtherWallet Inc [US]” + +>Some advice for our users: run a local (offline) copy of MEW platform. Use hardware wallets to store your cryptocurrencies. IGNORE any tweets, Reddit posts, or ANY messages which claim to be giving away or reimbursing ETH on behalf of MEW. + +>To keep up this fight against this criminal phishing attack, we need our amazing community to support and educate each other - this is an ongoing battle that requires us all to stick together. + +They have also said **that everything [is fine](https://twitter.com/myetherwallet/status/988836522974572544)** + +>It seems that everything is now back to normal, BUT PLEASE STAY SAFE and read/share [this guide:](https://myetherwallet.github.io/knowledge-base/security/myetherwallet-protips-how-not-to-get-scammed-during-ico.html) + +Original Post: + +Official Statement from MEW: https://twitter.com/myetherwallet/status/988787116015415296 +>Couple of DNS servers were hijacked to resolve http://myetherwallet.com users to be redirected to a phishing site. This is not on @myetherwallet side, we are in the process of verifying which servers to get it resolved asap. + +#Answering some common questions. Hardware Wallets should be fine. Use caution for now and DO NOT LOGIN. Please [read the comment here, which is very helpful](https://www.reddit.com/r/CryptoCurrency/comments/8ekfl6/myetherwallet_has_been_hackedbreached/dxvzbe1/) + +There is a couple reports on the MEW sub regarding this: https://np.reddit.com/r/MyEtherWallet/comments/8ek0jj/think_i_got_scammedphishedhacked/ + +MyEtherWallet has been hacked, it looks like a security [SSL mismatch](https://www.ssllabs.com/ssltest/analyze.html?d=myetherwallet.com) which is redirecting you to a different domain. + +Right now it appears that people are being affected via LOGIN only. Do not login, and only view your balances via Etherscan or another explorer. If you need to send and move your funds, use another wallet, like Metamask, for now, or use MEW offline.. + +This post will be updated if more developments are found. + +Edit: [A comment](https://np.reddit.com/r/MyEtherWallet/comments/8ekamx/mew_got_hacked/dxvtkur/) on the MEW sub says that it's an issue with Google DNS. Personally I did not receive a cert warning. I would still wait for announcement. [The hacker's address is still getting ETH.](https://etherscan.io/address/0x1d50588C0aa11959A5c28831ce3DC5F1D3120d29) + +Edit: [here are some more information from r/EthTrader](https://np.reddit.com/r/ethtrader/comments/8ek998/warning_reports_of_myetherwallet_site_compromised/). It provides more links if you want to look into greater detail. + +Edit: Thank you everyone for the clarification. It's a spoof of OpenDNS and not MEW. But the above info still does apply. ~~I will await a further update from MEW, currently they only say they are working on it.~~ It's been updated, check the top! +I just turned 24, and graduated a year ago. I'm working a salaried job and living from home. I'm saving a ton of money, and got my credit score pulled at 841. On paper things are great. But they aren't + +It's been so hard to move up within my company or grow my own business, that owning a nice home or buying a condo in the city seem like distant dreams. I'm almost halfway through my twenties, and I feel trapped. + +I want to move out of the suburbs and be around other young people, or travel and make videos, but that would strip away so much of my monthly savings. Banking more than half of my salary just isn't possible if I move out. I know I'm young and things will come with time, but it just feels so complicated. + +I've got 40 able-bodied years left on this planet at best, and not a single day of that is guaranteed. How on earth do you balance long-term security with short-term happiness? Does anyone with more experience than me have any wisdom to share? + +It's really scary sometimes. I just want to be happy. +I know that everybody is excited for all the ITM gamestop calls to expire so that they can see their profits 🚀 🚀 🌙 + +However, Friday is no different from any other day. Market makers have been hedging calls based on their delta. Because of gamma, a derivative of delta, the delta increases as the price increases with an upper limit of 1. As delta increases for the (call) options, market makers have to buy shares. They are short the options and therefore short delta, so they must buy shares to compensate and remain neutral. This is why we keep calling it a gamma squeeze -- rapidly rising prices cause MM to have to buy shares to remain delta neutral. + +This happens every day the stock increases, but nothing special is happening Friday. For all of the (current) call contracts, MM are adequately delta-hedged and they only have to buy shares when the price continues to rise, especially for low delta-high gamma OTM options. Now, Friday could still be big if GME is up big, similar to past days, but there is nothing "special" about Friday. + +If everybody on this sub were to EXERCISE their options, like people are claiming others should, market makers would have to own 100 shares per contract. However, keep in mind that many of the existing contracts are very ITM and have a delta near 1 already, so MM already own most of the shares needed. Example: If you have a .9 delta call, MM already own 90 of the shares and would only need to buy 10 more should you choose to exercise. Also keep in mind the average level of wealth here -- most of us are buying options because we CAN'T afford 100 shares of a given stock. I guarantee $42,500 is more than 90% of people here have. + +TL:DR; GME 🚀 everyday causes gamma squeezes, but nothing special about Friday. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + "Dark pool trading" just sounds straight up illegal. How is any transfer of shares in a way that does not affect the overall trading price of the asset allowed? Even when it can constitute more than 50% of the shares traded for that company on any given day? +Hello here, I previously asked about loans for my own house. After my windfall I have been thinking deeply about buying a house to my family. + +They have been mostly living in a flat in the suburbs of Madrid and I wish they could stay in a comfy place with city view and a terrace. They have been trying to look for better house for some time but they can’t afford the house of their dreams. + +My questions are: +1) would this drastically change their lives for the worst (eg not used to new areas or higher living costs? +2) would they feel they owe me anything and how to reduce this feeling? +3) likely this would take ~10% of my NW (well mortgage would be ~3%) but it will give me happiness, a place for my family to come together especially once myself and my siblings will have children +Started with 30k capital in June. Withdrew 25k this past month to pay for a car. + +My first trades were HTZ Bought 6 Oct 16 6C @ 1.48 $888 and H Bought 2 Aug 21 70C @ 5.40 $1080. + +My most profitable strategies were short strangles, short puts, occasionally short calls and deep delta long calls. + +My biggest losses were earning plays on TGT and BYND. Lost 10k/27k respectively. The lesson I learned was to be consistent with my losers, so cut em loose sooner. + +Some other things that helped me this year were patience, risk management, exploring new strategies, keeping a watchlist and looking out for patterns/trends. The options sub was my #1 source of education when I started. I always asked questions in the noob thread, and probably combed through 80% of it’s history to learn as much as I can. Very thankful for people like redtexture, papacharlie9, maxcapacity, esinvests (Erik) for being mentors to new traders like myself. + +I do know I am still an amateur. I will still be a regular on the noob thread, but I wanted to share a bit of my story to cap off the year. I have no friends who actively trade the market :( + +[https://imgur.com/RjueIgy](https://imgur.com/RjueIgy) +[https://imgur.com/swfsLp4](https://imgur.com/swfsLp4) + +&#x200B; +Tesla is sharing its EV charging connector design in an effort to encourage network operators and automakers to adopt the technology and help make it the new standard in North America. + +Tesla said in a blog post Friday that its design and specification files are available for download. The company said it is “actively working with relevant standards bodies to codify Tesla’s charging connector as a public standard.” + +The charging connector in all Tesla vehicles offers AC charging and up to 1 MW DC charging. Its compact design and performance is considered superior to the Combined Charging System (CCS) connectors used by most EVs in North America. + +Tesla claims that its charging connector and charge port — which it now calls the North American Charging Standard (NACS) — is the most common charging standard in North America. It’s a stat based on Tesla vehicle sales in North America and the number of chargers at its branded Supercharging stations. Tesla has nearly 1,500 Supercharger stations in the United States. Each station has an average of nine chargers. + +Tesla didn’t name any automakers or charging infrastructure companies as converts. In this highly competitive environment, in which virtually every automaker is now using the CCS, it’s hard to see GM, Ford and Stellantis switching to Tesla’s technology. + +However, at least one company — EV startup Aptera — supports the move. Earlier this year, Aptera called for the U.S. government to adopt Tesla’s Supercharger technology as the standard for all EV charging in the country. And EVGo has added Tesla connectors to some of its charging stations in the United States. + +The company said in the blog post that network operators “already have plans in motion” to incorporate NACS at their chargers. If network providers like ChargePoint, EVConnect or Electrify America add NACS, it would allow Tesla owners to charge at these stations without a need for an adapter. + +If automakers switch to NACS on its EVs, it would give owners of those vehicles access to Tesla’s North American Supercharging and destination charging networks. + +Source: https://techcrunch.com/2022/11/11/tesla-opens-its-ev-connector-design-to-other-automakers/ +In 2020, I bought and sold stocks 4,000+ times. I started the year with $40,000 and ended the year with $40,400 so a profit of $400. I didn't own any stocks going into 2021. I never shorted or borrowed on margin. + +However, broker's tax form shows that my realized loss is -$226,000 so I'm getting a $3,000 capital gains loss credit on my taxes. It shows my total proceeds were around 21 million and total cost basis was around 21,256,000.00. + +How is that even possible? I ended the year with more money than I started with yet it says I lost $226,000 and I get a 3k tax credit, it makes no sense? + +Also, I did day trade many of the same stocks in January of 2021 and pretty much broke even and after selling everything, my 2021 tax info also shows a pretty large realized loss so far even though I broke even. + +Does this make any sense? + +&#x200B; + +\*UPDATE\* I think I figured it out guys. There are 4 numbers on my brokers statement: Proceeds, cost basis, wash sale, and realized gain/loss. Turbo Tax just asks for the proceeds and cost basis and figures out the rest. + +The wash sale column is +$226,400 and my realized loss column is -$226,000 so if I deduct the wash sale, it comes out to a $400 gain which is what I had. There were no instructions in Turbo Tax about this but it looks like I just deduct the wash sale column from the realized gain/loss. I get the same result when I also deduct the wash sale from the cost basis. +Winners: + +* 1) believers and visionaries, who see Ethereum as a solid technology with a bright future: they are accumulating Ether like it's Christmas. Did you notice that many of ETH holders are actually smiling instead of crying? The ETH believers are not in the making-loads-of-money mindset yet. Instead, they are still in the stage of greedy accumulation. They are buying up the ethers like it's christmas. Smiling with each price drop because it's like a new christmas present every day: *"bought some yesterday, great, but today it's cheaper, and that's even greater"* + +* 2) The bitcoin crowd that's aggressively shorting for a seemingly win-win situation: they are throwing everything they've got into shorting ether because it gives them extra BTC's, and they believe they are hurting or destroying the biggest competitor of Bitcoin at the same time: yes, this feels like a win-win and they are having a big smile as well. + + + +So who are the losers? + +Actual ETH owners who got in with a vague understanding and are now bailing out of fear. They only read about the forks and bugs, and don't care about the why's and fixes. + +All of the people that I got into Ethereum are now full of doubt and secretly think I sold them a bullshit story. They don't necessarily say that to me, but I feel them thinking it. + +These people are the frontline losers. Their money is going straight to the Bitcoiners that are shorting. + +Once the frontline losers are out of the way, the bitcoiners with all their short positions are the next losers. All the profits they made on the back of the frontlines will diminish hard and fast during a cascade effect during the reversal. Not only their profits will vanish, but they will become net losers as well during desperate attempts to redo their shorting strategies. + +All of that value will then transfer to the long term holders that were accumulating during christmas time, and don't expect these guys to be selling any time soon. + +The effect of these events will lead to a price increase you've rarely witnessed before. In a relatively short period, the price will burst through all of the trendlines leading straight to a new all time high that's significantly higher than the previous one. + +We are talking about daily 20 % increases and higher, for a continuing period of time: day after day after day. + + +All of this is waiting to be triggered by one major event and I have a strong expectation that it will be the Metropolis release **at the latest**. + + +**Endnote:** I am not pumping. My post is not going to influence the price in any way. All I'm saying is, don't miss out. You really don't want to miss out. +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! + +Nobody's advice is going to perfectly suited for your personal situation. + +Given that, why the hell is there so much hate on MMM around here lately? There is a shit ton of practical information on that website, from the immediately tangible (how to save on grocery bills, utilities, how to start up aquaponics) and the philosophical (stoicism and FI, why saving is about more than just you, it's also your community and environment) as well as interesting perspectives on savings and value (making every $10 count, looking at the long term value of money save via compounding). + + +Sure sometimes he can come off as pompous due to his writing style, but not nearly as pompous as the people around here who enjoy shitting all over him for no clear reason. Can someone please explain to me why it's suddenly the "in thing" to bash his blog and his FI strategy, which has helped thousands of people turn their shitty consumerist lives around? + + +EDIT: instead (or in addition to) downvoting this post or my comments, please speak your mind! +1. IMX milestone 3 transaction complete + +2. At or before launch 48 hours later, an NFT dividend from GME is announced + +3. GME distributes 1 NFT per share to registered holders and CS distributes instructions on how to activate their accounts. + +4. The remainder will be first come, first served with a claims process made after creating an account in the marketplace. + +5. Shortly after all roughly 76mil NFTs are claimed and holders without them start looking for answers. + +6. Shorts and their buddies are now forced to enter the marketplace and buy the NFTs. + +7. Lots of diamond handing because fuck ‘em, that’s why. + +8. Shorts finally cover the NFTs but paid a lot for it. + +9. Apes register more shares with NFTendies. + +10. Rinse and repeat quarterly until MOASS. + +Sounds fun, right? What’d I miss? +I just recently became homeless, and only have 600 dollars to my name. I have no car, and I no longer have my job. I don't have my Ssn, and no education.....what should I do? +Classically, we get told to diversify, to study a company before investing in it, and to buy companies with good value. My question is: does any of that matter anymore? The largest car company by market cap is TSLA, which is worth over twice as much as Toyota, the second largest car company and the largest one *making actual money* to justify its capitalization. This isn’t isolated, NIO is worth more than Honda, r/WSB has launched PLTR to the moon. So wtf is going on and what does it all mean? + +Disclaimer: I’m not super well versed in the market, just trying to learn what I can before I am thrust into the fray of adulthood +https://www.madfientist.com/best-and-worst-about-fi + +I have long appreciated that the Madfientist has been willing to talk about the emotional and psychological aspects of FI, before and after achieving FIRE. In this article this sentence stood out to me especially strongly: + +"If you’re unhappy when you’re working and you blame your job for all your problems, you may struggle after FI if you’re still unhappy." + +Many people recognize that FIRE is not the answer to all of their problems, and that by itself FIRE might not make the happy. But I think a lot of people see work as the main barrier to happiness and FIRE as a panacea. While that is true for some people, I think Madfientist does a good job of pointing out that you might not like what you find when you do achieve FIRE. + +Do you think that Madfientist's concerns are relevant to your FIRE journey? +I'm currently a uni student with not much saved up in my super, but it hurts me to see my super getting chipped away at by admin fees while I don't work. This is a picture of my transaction statement from my Commbank super fund. + +I haven’t had a great experience with super so far and feel a bit ripped off with every fund I go to. The last super fund I had nominated by a previous employer sent me letters in the mail saying that I actually owed them money because all my super had been eaten up in fees... + +Would appreciate any recommendations + +https://i.redd.it/u17bd28522s11.png +Business is full of trials and tribulations and with the recent commotion with the pandemic it has been hard with some business owners within Australia, given your success through your ups and downs what is your story, where did you come from,where are you now and have you had some hardships along the way to mould a successful business? +From most books I’ve read, the recommendation is to start a biz, LLC, s-corp, buy and rent out commercial real estate to help reduce taxes to a minimum. + +Currently I’m only investing in the stock market. Still working a regular, high paying job (~$500k) and pay a huge amount in Income taxes. + +Is starting a biz/getting involved in real estate the only way to get those amazing tax breaks? Would I ever be able to get similar results with less effort/doing stocks only? + +Pardon my ignorance, I’m trying to learn. +Hi everyone, + +I know this is primraily a US based thread, but thought to cross post this here. Some of the tax deffered (Super) accounts are a bit different as well as taxation laws, but would still appreciate dicussion! + +I have made a throwaway, but am a freqeunt lurker on my main account. + +\*\*Ps. Situation is for an immediate family member, but thanks for the kind words!\*\* + +\--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +A little bit of a **'what if situation'**, or **what would you do?** + +The situation: Sale of a business within the next 12-24 months and in doing so you will have access to between 30-40 million dollars, in chunks over the next 3-5 years. + +Specifics: Your age is mid 50s, you have a PPOR (\~1.6million), no mortgage. Married with some adult children who are self reliant. Some properties within a SMSF (tax deffered) in yours and wifes name totalling 1.5 million. + +The first step is to seek guidance from a qualified financial advisor with some clear goals. Who do you see? - will one be better than another? + +Secondly how would/should this much money be invested to achieve the goals of: maintaining wealth long term, providing a passive income and maintaining intergenerational wealth for children/descendants. + +Other thoughts/questions are appreciated. + +Thanks! + + +[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!* +Hi, + +I’m not an investor in Boeing, but today there are lots of reports about the recent crash which seem to pin the blame firmly on Boeing, but the stock price is up - which is not what I expected to see! + +What do you all think? + +Thank you for any thoughts! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +***EDIT: DICE Tokens are now transferable and available on [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange*** + +Hello World! + +Following on from the success of our crowdfund (which raised 18,945 ether for the house bankroll) and the recent soft-launch of our [Ethereum dice game](https://etheroll.com/), we are very pleased to announce that our ÐICE tokens become available for trading on [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange May 15th from 0900 UTC. + +**What is Etheroll?** +Our Ethereum dice game is provably-fair, has a low 1% house edge and no sign-ups or deposits. Each dice roll is provably random and crypto-graphically secure thanks to the nature of the Ethereum blockchain. Players can set their own odds using our unique web-based UI. *A world first for Ethereum!* + +In the few weeks since our soft-launch, we have seen players wager up to 108 ether on one roll of the dice. Check out some of the other large wagers [here](https://etherscan.io/txs?a=0x8f3d6447a647ecf3c185ecbb165d2e6c41fad547&sort=value&order=desc) (current live contract) and [here](https://etherscan.io/txs?a=0xfaf4a5fbf621b049215c19a73babd0b94fd9155f&sort=value&order=desc) (discontinued contract). + +We are currently in the process of ramping up into full production. We [recently] (https://etheroll.wordpress.com/2017/05/13/we-have-just-increased-the-bankroll-by-1000-ether/) raised our bankroll by 1000 ether, ~1/18th of our total bankroll. Bankroll increases will follow in a gradual order. You can read more on our development focuses in our 3-6 month development road-map [here](https://etheroll.wordpress.com/2017/05/08/3-6-month-development-roadmap-week-2-soft-launch-review/). + +**What is ÐICE?** +We are inviting you to bet on the house. Our [ÐICE token](https://etherscan.io/token/0x2e071D2966Aa7D8dECB1005885bA1977D6038A65) is an ERC-20 standards-compliant token, and a default token within MyEtherWallet and Parity. +ÐICE grants its holders special rights and privileges within the Etheroll platform; including the right to profit your proportional share of the house bankroll generates via our dice game with its built-in 1% house edge. For example, if you own 10% of all tokens, you have rights to 10% of the profit the bankroll generates, every 12 weeks. + +**Each ÐICE token grants its owner the following rights and has the following benefits:** + +* Direct earnings - Proportional to the number of tokens they hold. *Our valued token holders as a collective receive 100% of the profits generated by the house every 12 weeks*. House profits are generated via the 1% house-edge. Tokens holders are exposed to each roll of the dice with the advantage of the 1% house-edge always being in their favor. +* A fixed total supply of 7,001,622.64 ÐICE, there will never be another mintage. + +**ÐICE Properties:** + +* Name: DICE +* Decimals: 16 +* Address: 0x2e071D2966Aa7D8dECB1005885bA1977D6038A65 + +[Learn more about ÐICE here](https://etheroll.com/#tab5). + +**Etheroll ÐICE Tokens Unlocked May 15 on EtherDelta Exchange** +ÐICE tokens are unlocked May 15th at 0900 UTC and will be available from this date forward on EtherDelta exchange. If you missed out on our crowdfund in February you can load up on ÐICE tokens from May 15th on the completely de-centralized [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange. You can learn more about the benefits of our DICE token by visiting [etheroll.com](https://etheroll.com/#tab5) today. + +**Trading ÐICE on EtherDelta** +Instructions on how to trade on EtherDelta exchange are posted to their [website](https://etherdelta.github.io/#DICE-ETH). Using the top menu, select 'Help'. From here, you can read the guides, or watch the screen-casts. For support, open the chat in the bottom right corner. + +To interact with EtherDelta, you will need to use the Google Chrome Metamask extension. Metamask is available at [https://metamask.io/](https://metamask.io/). *You can not use Mist to trade on EtherDelta*. To create a sell order of ÐICE on EtherDelta, you will first need to send ÐICE tokens to your Metamask wallet and then deposit ÐICE into EtherDelta. Follow the guides available on their website for further details on how to achieve this. You can find this information under the ‘Help’ menu. + +To buy ÐICE tokens, you will need to first deposit ether into EtheDelta exchange and then create a buy order. Follow the guides available on their website for further details on how to achieve this. You can find this information under the ‘Help’ menu. + +**Development Roadmap + Security Audits:** + +* [3-6 month development roadmap](https://etheroll.wordpress.com/2017/05/08/3-6-month-development-roadmap-week-2-soft-launch-review/) +* [3rd party independent security audits](https://etheroll.wordpress.com/2017/04/13/development-update-security-audit-results-live-deployment/) for our game completed by Piper Merriam (ENS auditor), early 2017 +* [3rd party independent security audits](https://etheroll.wordpress.com/2017/01/28/today-we-are-proud-to-publish-the-results-of-our-3rd-party-security-audit/) for our crowdfund + token completed by Piper Merriam, early 2017 + +**Recent Etheroll Numbers** (~3 weeks soft-launch with zero publicity): + +* Total wagered since soft-launch (at time of writing): 9500+ ether +* Total games (at time of writing): 4900 (+4000 in our week 1 soft-launch - discontinued smart-contract) +* Largest wager: [108 ether](https://etherscan.io/txs?a=0x8f3d6447a647ecf3c185ecbb165d2e6c41fad547&sort=value&order=desc) + +**Some Interesting Crypto Gambling Numbers** +With a market cap of ~$29 billion USD, [1] it is estimated that 50-60% of all transactions relate to online gambling. [2] In the past year, BTC casino revenue was 3,173,833 BTC with a profit of 15,173.6 BTC. In the same period, 20.83 billion bets have been placed across Bitcoin casinos. [3] + +**More Information:** + +* Live game available at [etheroll.com](https://etheroll.com) (requires Mist browser) +* [Game demo](https://www.youtube.com/watch?v=8moxZOwd39M) +* [Whitepaper](http://crowdfund.etheroll.com/etheroll-whitepaper.pdf) +* [Blog](https://etheroll.wordpress.com/) +* [r/etheroll](https://www.reddit.com/r/etheroll/) +* [Twitter](https://twitter.com/etheroll) +* [Original crowdfund details (now closed!)](http://crowdfund.etheroll.com/) + +**Disclaimer** + +Please be sure to read our risks document available [here](https://etheroll.com/risks.pdf)(PDF). + +*ÐICE tokens are available for trading May 15th from 0900 UTC on [EtherDelta](https://etherdelta.github.io/#DICE-ETH) exchange. You can learn more about the benefits of ÐICE tokens by visiting [etheroll.com](https://etheroll.com/#tab5) today*. + + +[1] Source: https://blockchain.info/charts/market-cap +[2] Source: http://lsvp.com/2013/08/23/at-least-half-of-all-bitcoin-transactions-are-for-online-gambling/ +[3] Source: https://thebitcoinstrip.com/stats/2015-01-02-to-2016-12-25 + +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! + +Thought I'd make a post out of this for discussion on Joe Lubins debate with Roubini in the fluidity summit. + +Heres the link: https://www.youtube.com/watch?v=w93wZOU89qQ + +At 3:30:22 - "Although there will be some negative news coming out in the ecosystem regarding some tokens" + +He also goes on to explain that there will be some positive news coming out as well. + +Which tokens do you think will be classed as securities? + +Joe Lubin; 3:36:00 " this year we will see highly scalable applications" + +Overall, Roubini brings up good points as well, however way too negative and this guy is a dinosaur, I literally switched off after the first 5 minutes every time he talked and just listened to Joe Lubin who seemed very positive. +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'm not linking the user or the post, but in the /r/ethereum sub a user made the statement, "We deserve a crash. This is abhorrent." First of all, depressions (price crashes) happen when people stop spending and hoard their currency; so long as currency flows, it helps stimulate and grow the economy wherever it flows to. In times of severe economic stagnation and crises, the economy can be stimulated by literally burying money and paying people to dig it back up. *There's nothing wrong with large sums of money changing hands*, and it is actually better for the economy for this to happen than for large sums of money to be stuffed in the mattresses of a few wealthy individuals or to inflate the price of a *scarce physical asset*. For example, driving up the price of a single Van Gogh to $10 trillion would be insane because there's likely no one else who has the money to buy it from you at that price. But as *currencies*, especially virtual currencies, are fungible and exchangeable and divisible and **liquid**, this concern does not apply. The only big risk of, say, the Yen skyrocketing in value relative to other currencies in a short period would be if holders of Yen couldn't spend that money fast enough, if they couldn't keep that currency flowing, and would end up hoarding it or stuffing it in mattresses because they can't or won't buy anything with it. + +Statements such as "We deserve a crash", when believed and repeated, are what cause panics and depressions. And remember, there's always someone looking to profit from decreased prices by shorting the very asset they criticize. Negativity becomes a self-fulfilling prophecy. + +Second, compared to a lot of Silicon Valley investments, $150 million to Bancor is quite conservative, no matter how buggy it is. Bancor having 0.5% of Ethereum in existence is pretty meaningless when you factor in the massive amount of Ethereum that will come into existence soon with the literally 1 million+ GPUs that are joining pools just this month. The market doesn't have a problem with Facebook, et al, dropping $1 billion on Whatsapp, Twitch, Snapchat, etc., and the potential payoff for Ethereum ventures is much larger. Technical analyses that suggest that P/E ratios for such ventures are 'too high' simply are not pertinent short and medium term in a post-2008 world where Central Banks are desperately trying to keep currency from stagnation that would result in a severe depression. + +This is a new industry, talent and skills are in very limited supply, so people with talent and skills can command a very high price. Investors know that Ethereum isn't the ultimate final solution for cryptocurrencies, they know this is an iterative development process, and the best way to increase the talent and skills in this field is by flushing it with cash to attract, train, and retain new talent. Investors who fund Ethereum ventures will be best positioned, have the best relationships and talent stack and knowledge to capitalize on the next wave of development, which will be in the magnitude of $Trillions. Even if Ethereum totally vaporizes, it will be worth it for many investors as the learning experience will make the next wave that much better. In other words, that cliche "Failure is success" really does apply here, so long as you are an investor with a diverse portfolio who doesn't bankrupt himself betting on Ethereum. And don't get me wrong here, there will certainly be a good number of Ethereum ventures that are massively profitable for current investors, but there will also be failures, but overall this will be worth it for the industry. + +Third, to critics who are concerned of possible SEC regulation: have you paid any attention to this administration at all? *The Trump administration will not pile restrictive regulations on crypto.* Even if there is some massive crash that puts a regulation-happy Democratic administration back in power, it will still take a long time for regulators to learn about this field and what needs to be done and what can be done. This is new territory, and we're looking at at least a decade of Wild West before anything can or will be done at all on the regulatory side. And the severe Dodd-Frank banking regulations implemented after the 2008 crash are what spurred the development of Crypto in the first place. *Capital will always want to be as free as it can be*, and if Capital has to spend a lot of Capital to be more free then it will. + +So long as interests rates are low and regulations are costly and prohibitive, there's not much to lose by transferring wealth from banks to crypto. In fact, central banks set low interest rates specifically to motivate wealthy investors to spend that money on something, anything, to stimulate the economy or else see their stored valued inflated away. You take the risk and spend the money, or your wealth is naturally redistributed by inflation, because, again, it is better for the central banks and the economy as a whole for currency to flow than to pool and stagnate. So long as currency flows, employees stay employed, keeping their work and social skills (and resumes) fresh and learning new ones as they go; when currency stagnates, employees are laid off and sit at home while their skills deteriorate, waiting for stagnant capital to get around to spending it again. In other words, the societal and economic cost of shutting down and restarting operations tends to exceed the cost of running a loss in the short-term. + +Even at current high prices, the market cap of Bitcoin and Ethereum barely breaks $100 Billion. According to the Panama Papers and various other analyses and investigations, there are *tens of trillions* of dollars stashed in offshore tax havens. Crypto currencies are a way for that wealth to be quietly repatriated, to flow once more in developed economies, without suffering a heavy tax or regulatory burden. Long-term is all upside, but to get there the space needs a ton of capital in the short-term. Even if Bancor turns to vapor, which I highly doubt, we will learn a lot about what we need to do better next time, *and that knowledge is* **priceless**. + +#Which companies are Redditors betting on? + +The explosion of companies like NIO and PLTR has not been missed on Reddit. In fact, [these two tickers are the most popular this week](https://www.reddit.com/r/RedditTickers/), with NIO being mentioned 15,867 times and PLTR 10,570 times in the past six days (not including today). + +In addition to mentioning these tickers over 10,000 times each, Redditors have bet big on the future share prices of NIO, PLTR, and other companies. In fact, Redditors have mentioned a total of over 2,000 option contracts in the past week. So, how well have these contracts performed? We can look at the 25 most popular contracts to find out: + +Rank|Ticker|Strike|Type|Date|Expired|Status +:--|:--|:--|:--|:--|:--|:-- +1|TSLA|$450|CALL|11/20|YES|ITM +2|SPY|$350|PUT|12/18|NO|OTM +3|NIO|$33|PUT|11/20|YES|OTM +4|NIO|$70|CALL|11/20|YES|OTM +5|NIO|$40|PUT|11/20|YES|OTM +6|BABA|$300|CALL|12/18|NO|OTM +7|CRSR|$40|CALL|11/20|YES|ITM +8|PLTR|$18|CALL|11/27|NO|ITM +9|CCL|$17|PUT|11/27|NO|OTM +10|PLTR|$20|CALL|12/18|NO|OTM +11|PLTR|$23|CALL|1/15/21|NO|OTM +12|PLTR|$24|CALL|2/19/21|NO|OTM +13|SPY|$350|PUT|11/20|YES|OTM +14|CRSR|$40|CALL|12/18|NO|ITM +15|TSLA|$600|CALL|11/27|NO|OTM +16|NIO|$80|CALL|11/20|YES|OTM +17|TSLA|$600|CALL|11/20|YES|OTM +18|BLNK|$15|CALL|11/20|YES|ITM +19|NCLH|$21.5|PUT|11/27|NO|ITM +20|TSLA|$420|PUT|11/27|NO|OTM +21|PLTR|$20|CALL|1/15/21|NO|OTM +22|NIO|$50|CALL|11/27|NO|OTM +23|SPY|$400|CALL|12/31|NO|OTM +24|AAL|$12.5|PUT|11/20|YES|OTM +25|PLTR|$20|CALL|1/15/21|NO|OTM + +The table below shows totals for the contracts status: + + .|ITM|OTM|Total +:--|:--|:--|:-- +Expired|3|7|10 +Not Expired|3|12|15 +Total|6|19|25 + +Out of the expired contracts, 30% were ITM and 70% were OTM. Notably, the AAL $12.5 PUT 11/20 expired just $0.03 OTM. The majority of non-expired contracts are OTM, with just 20% being ITM. The CRSR $40 CALL 12/18 is just $0.33 ITM right now. Currently, just 24% of contracts are ITM with 76% OTM as of market close yesterday. + +Redditors seem especially bullish on PLTR and NIO with both tickers having significantly high call volume than put volume. Redditors appear bearish on recovery stocks, including Carnival Corporation and American Airlines Group. + +I know I will be watching closely to see whether the 15 non-expired contracts become ITM. + +You can see Reddit's favorite tickers and contracts on a daily basis at r/RedditTickers. + +Thank you for reading! +This gem has been under the radar for far too long! Check out MobiePay! A universal payments and rewards ecosystem where you can spend or send fiat/crypto assets anywhere instantly from your phone. Its token, MobieCoin or MBX, is built on the Stellar blockchain, making it very fast and cheap. This incentivises many business owners, small or large to use it as a payment ecosystem as it is even cheaper than what Paypal, Mastercard and Visa offer!. With cryptocurrencies becoming more prominent in institutions and thus is very well becoming regulated, Brandon Burgason and his team are focused on being very compliant within existing and new laws of the financial sector. His team is currently working on replacing decades-old payment systems by introducing the “MobiePay” protocol. This protocol includes a digital wallet that will be able to access your fiat or cryptocurrency in real time as well as allow for cashless or cardless transactions. Tired of chargebacks or fraud? This protocol will create a system that will remove chargebacks as well as reduce fraud. The problem with current payment solutions is that they are also very expensive and inefficient for businesses, retailers, service providers, etc. Mobie can either replace or integrate POS systems on major businesses essentially having the Mobie ecosystem within the backdoor of the POS systems. This can create a lot of revenue considering that this world is becoming cashless as digital payments are on the rise. It is also very cheap and fast for businesses (70% less than other payment options) because it is on the Stellar blockchain, essentially making businesses adopt Mobie. This is just a small piece of the pie and to figure out more, check out: + +https://mobiepay.io/ + +The whitepaper, roadmap, tokenomics and other information can also be found on the website. + +Let’s talk more about the crypto aspect of this moonshot. Currently the coin has a 20m market cap with 7 billion tokens and 3 billion in circulation. The rest of the tokens are locked and are set for release in small amounts until 2026 (you can check the Mobie Website). The team behind Mobie are also very talented with many connections (check this picture) +https://gyazo.com/b12d4c285db85c803b7030ffdc0aa959 One of the team members, Brian O’Neill is a former SEC officer so any trouble with laws and regulations regarding the crypto aspect is covered. + +It is currently listed on 2 Centralized exchanges (Bithumb Global and Bitrue, more to come) as well as 3 decentralized exchanges, (Uniswap, Pancakeswap, Sushiswap). The coin is one of the first coins to bridge Stellar to Ethereum effectively. It also has a bridge with the Binance Smart Chain. The MobiePay app, which is currently in beta, is set to come out in Q4 of 2021 as per roadmap. The company also has a banking license to operate in all fifty states of America. They are also planning on expanding their business worldwide. + +They are partnered with major retailers that have signed up for the beta of the vendor application. This includes many big names such as: Sephora, Landry’s, Xbox, Nintendo, Playstation, Jamba Juice, and many many more. There are also about 500 small businesses that have signed up for the beta retailers when the CEO and the Head of Marketing went to crypto events. The CEO stated that with these partnerships, Mobie is projected to produce 13 million dollars in the first month of the app rollout. As always, DYOR before investing! This coin is not a pump and dump project but certainly a project that can change the crypto space! + +More Info: + +Latest updates: +https://mobiepay.medium.com/july-update-mobie-monday-vol-36-884c82d73427 + +Contracts/Links: + +We are proud to announce that the new bridge.mobie.io release is live! + +Please make sure when using bridge.mobie.io that the top left reads v1.1.8 or higher to be on the latest release + +As with the ETH side of the bridge release, we strongly recommend adding the bMBX token to your wallet in advance; the contract address for both the ETH and BSC wrapped MBX tokens are also within the pinned post below: + +Our guide for how to set up your wallet and then use the BSC Bridge for MBX < > bMBX is here: + +https://mbx.life/bsc-bridge + +The bMBX bep20 address: + +0x064c8e55aa484adbd58ca2d43343ef50137473b7 + +By placing the above into your bep20 compatible wallet (eg. Metamask) it should auto populate the below: + +Token Symbol: + +bMBX + +Decimals: + +18 + +How to add custom tokens to METAMASK ( ETH ) +https://metamask.zendesk.com/hc/en-us/articles/360015489031-How-to-View-See-Your-Tokens-and-Custom-Tokens-in-Metamask + +The wMBX erc20 address: + +0x71ba91dc68c6a206db0a6a92b4b1de3f9271432d + +Token Symbol: + +wMBX + +Decimals: + +18 + +MBX Bridge (Beta) is LIVE! + +https://mbx.life/mbx-bridge-live + +http://bridge.mobie.io + + +You can find the wrapped bMBX on Pancakeswap + +https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x064c8e55aa484adbd58ca2d43343ef50137473b7 + +You can find the Wrapped wMBX on Uniswap + +https://v2.info.uniswap.org/token/0x71ba91dc68c6a206db0a6a92b4b1de3f9271432d **( https://app.uniswap.org/#/swap?inputCurrency=0x71ba91dc68c6a206db0a6a92b4b1de3f9271432d&use=V2 )** + +You can find us on Bithumb Global : + +https://www.bithumb.pro/en-us/exchange/professional?q=MBX-USDT + +Join the telegram group for a hands on community that helps answer questions. + +Telegram: +https://t.me/mobiepaycommunity +First off lets look at polkadot. This is easily the best tech to emerge out of the crypto scene since Ethereum. The hype is substantiated in my opinion. The limited number of parachains means any project on these will scale amazingly, something obviously crucial at the moment as demonstrated by the crippling Ethereum gas fees. + +There is some super high quality projects building on polka. You can see a list [here](https://polkaproject.com/). + +It's honestly worth just spending a bit of time looking through the projects checking out their use case, marketcap, etc as there are some absolute gems in there. + +Hype is really building on these projects too, some of them look ready to explode going off recent sentiment. Any project which wins a parachain in the upcoming auction will absolutely fly in terms of price. You can get a sense of which projects are likely to win by checking out their telegram and if they have VC backing. + +Ones I've invested in are Phala (16m cap), Crust (4m cap) and OriginTrail (46m cap). + +Other low caps also worth looking at are Darwinia, ChainX, Robonomics Network and Mantra Dao. + +What do you guys think? Do you have any other gems from the polka projects? +So, the Dave Lauer tweet that says that GameStop is going to be issuing the stock split using a dividend to distribute the shares.... Does this not mean that the dividend that we are being given.... the gift that he has given us.... + +The hedgies now have to, as a dividend, deliver more shares to every shareholder. Suddenly, the brokerages and hedge funds and market makers need to find 3 shares for every one single share that you own. + +I am either really stupid, or this is really the case and hedgies r fuck'd. + +Will someone unjack my tits before I explode? +BrainSturgeon here- author of this [graphic](https://imgur.com/a/JieC8#0) you may have seen around, and advocate for the [Tiered E-fund](https://imgur.com/a/JieC8#1). + + +There seems to be a lot of discussion lately about home buying, mortgage choice, and its impact on financial independence. I’m in the same boat - I’m considering buying my first home - so I thought I’d share a tool I’ve been using to make a better informed decision. In its current form, this tool is used to guide the following decision: ***Should I buy a house or continue renting?*** + + +I present (*via* Google Sheets): [BrainSturgeon’s Mortgage Calculator](https://docs.google.com/spreadsheets/d/14A22BwOpuHIFrhD03ku1-CV3WgR7esc6ZqlGSpZeKYA/edit?usp=sharing) or make a [copy here](https://docs.google.com/spreadsheets/d/14A22BwOpuHIFrhD03ku1-CV3WgR7esc6ZqlGSpZeKYA/copy) + + +It essentially takes a bunch of specific-to-your-situation inputs and plots the “net worth” of each decision, given some basic assumptions. You can twist knobs here and there to see what factors drive the financial picture (and which don’t really matter). + + +Why other mortgage calculators suck: + +* They don’t consider the **complete picture** of living expenses (*it’s not just rent vs. a mortgage payment!*) +* They don’t consider the **opportunity cost of investing money** if you have a lower living expense + +The basic assumptions behind this tool can be described with this analogy: + +* Every year, you are given a bucket of money which you will spend on housing and investments. +* This bucket is likely much larger than your living expenses, but all the money in excess of the larger “home expenses” is expected to be invested in exactly the same way, and it thus ignored for the purposes of this decision. +* So, we assume this “bucket-of-interest” is sized so that it perfectly matches the expenses of home ownership. +* Since apartment expenses are typically much smaller - especially in the short term - the difference between housing expenses and apartment expenses is *invested.* +* Thus, **the total amount of cashflow “out” in either scenario is exactly the same**: In the apartment scenario some of it goes towards apartment expenses and some is invested; in the house scenario all of it goes towards housing expenses. Any additional money is assumed to be invested in exactly the same manner so it cancels out regardless of the decision. + + +Some interesting insights (from my situation): + +* Home ownership is a **lifestyle choice**. Many calculators (including the NYT rent *vs.* buy calculator) seem to imply you compare a house to a “similar apartment”. But in reality most people aren’t looking at 4-bedroom, 3-bath apartments, for example. Most apartments are dramatically smaller than houses, are located in much different neighborhoods, have different commute-times, *etc.* It’s not a fair apples-to-apples comparison. My tool allows you to look at an apples-to-oranges comparison and you can weigh the financial cost *vs.* the quality-of-life upgrade. +* Much of the **“common wisdom”** - *e.g.* “Don’t buy a house unless you plan to live there for at least 5 years” or “don’t buy a house more than 3x your annual income” - still seems to make sense when you look at the complete picture of expenses. +* **Property taxes** are huge. In my area (Houston) taxes are around 2.7%. Property taxes are easily my biggest single housing “expense” - even more than mortgage interest! - and I’m stuck paying it long after the house is paid off. And, as my house increases in value my tax burden also increases. Until I sell, I pay more taxes but never see the benefit of the “more valuable” equity. +* My **break-even** (when choosing a house nets me “more” than an apartment) for a 15yr *vs.* 30yr mortgage is only a few years apart. Maybe cashflow and flexibility are more important? +* A key question seems to be, “If I have a dollar, would I get a higher return **buying equity or investing**?” This seems to depend on 1) the rate that your home appreciates 2) the investment return (at whatever risk level you choose) 3) how far into your mortgage you are, since that dollar “buys” more equity at the end of the mortgage *vs.* the beginning due to how amortization works and 4) when you plan to sell to “recoup” that equity. Equity value seems terribly difficult to predict, especially in Houston - which had a strong real estate market even through the Great Recession (thanks oil!) but is currently cooling off (thanks oil!) - maybe..? Who knows? Even neighborhood-to-neighborhood I think there will be differences in housing value appreciation. + + +Things to improve: + +* I don’t have a good idea of some base assumptions… what inflation rate do you use? Investment rate (comparable risk to a guaranteed return from a mortgage or riskier market rates)? Home insurance? Rent increase? Home value appreciation? I can’t predict the future so I left it open for you to change. +* The base assumption is a 30yr fixed mortgage. You can enter shorter mortgage periods but data after the mortgage ends aren’t meaningful. +* Considering adjustable rate mortgages (ARMs) would require a bit more work. + + +Finally, I’d like to acknowledge a few resources that inspired this post: + +* usmortgagecalculator.org - one of the few online mortgage calculators that I didn’t hate. (You can sneak in the true costs of homeownership as “HOA fees” or “property tax”.) +* [The cost of buying and getting settled into a home](https://www.reddit.com/r/personalfinance/comments/2xxf08/the_cost_of_buying_and_getting_settled_into_a_home/) - one of the best threads for really getting a holistic picture of what the complete picture of living expenses really looks like. +I am currently in University, taking about $10,000 of student loans per semester. I have 3 years (6 semesters at best) left in school. + +My loans are accruing interest at 5.05% and I currently have a $9,884.12 payoff amount. I make about $1600 a month working part time whilst in school, $2000 a month when school is out and I'm wondering if it's wise to start paying off my loans before I graduate. Any advice would be appreciated. +I’ve been in college for 2 years now and my parents (dad and stepmom), who are well off, have paid for everything I need and a lot of what I want, from groceries to rent to tampons and more. I’m so incredibly grateful for their support but it always comes with strings attached. Some examples: + +1. They won’t pay for college if I get a tattoo. I have talked with them about this one and they came around and although they probably wouldn’t be happy, they wouldn’t cut me off. +2. They won’t let me move into a 1-bedroom apartment- even though it’s similar finances- because they believe I need to have roommates for a full college experience, even though that’s not necessarily the experience that I want. +3. They constantly hold the monetary situation over mine and my siblings heads for everything and they use it as a bargaining weapon- “you want do to this? I guess I don’t have to pay for college.” + +I’m getting tired of feeling so controlled, even though they’ve let the leash go over the years. I’m thinking of cutting myself off from them so that I don’t feel our relationship being so strained. + +So first- Am I just being entitled? Would I be stupid to refuse their money for college? + +Second- how should I go about making myself financially independent? I feel like I could get scholarships for my good grades/ extracurricular and I go to a state school so tuition is lower. What types of financial aid are available? + +Edit: Thank you to everyone who gave me constructive advice. I was definitely afraid that I was being entitled, which I think was partially true. I’m extremely appreciative for what I have but I don’t think I really thought about what it would be like to be completely financially independent. They really do have my best interest in mind and I’m still maturing in handling my relationship with them. I decided to totally forego the idea and work on the underlying issues in my relationship with my parents. Again, thank you to everyone who was so kind and level-headed in their advice. +22M, new to Seattle area, no family or friends (long story, but, I moved here with my partner and he left me 2 weeks after we got here oops). Looking to get my debt under control and prepare for anything that may come up, but I cant even figure out where to start. I feel like i am barely staying afloat, and honestly most months I end up falling behind on one or two payments and have to pay that bill as soon as I get my paycheck, and i feel like i am stuck in that cycle and want to get out. I've tried apps like Mint but i still don't feel like they're helping me actually get any control. Any ideas or suggestions would be greatly appreciated. + +&#x200B; + +Below is a list of total obligations including minimum payments, due dates, and interest rates/APR. + +|Name|Interest Rate / APR|Total Balance|Minimum Payment|Due Date| +|:-|:-|:-|:-|:-| +|Phone (Verizon)|\-|\-|$143.95|6th| +|Car Loan|4.89%|$9,993.11|$190.66|15th| +|Car Insurance|\-||$176.00|29th| +|Rent|\-|\-|$1,300|1st| +|Apple Music|\-|\-|$4.99|22nd| +|Hulu|\-|\-|$11.99|14th| +|Credit Card #1|24.24% APR|$1,004.95|$30.00|27th| +|Personal Loan|8.84%|$2,471.13|$122.97|29th| +|Credit Card #2|17.5% APR|$2,544.29|$75.00|25th| +|Credit Card #3|27.24% APR|$472.00|$28.00|4th| +|PlayStation +|\-|\-|$9.99|5th| +|total:|\-|$16,485.47|$2,090.55 / month|\-| + +I plan on switching from Verizon to Mint mobile once I finish paying off my phone (roughly $900 left on phone balance) to cut down on monthly phone cost. Also planning on calling and speaking to my insurance agent to attempt to lower my monthly insurance policy cost. Currently, I am lucky enough (well, ya know "lucky enough") to work at McDonald's, so most of my meals come from work for free, even on my off days. Currently, rent is not something I can change even though it is well over 30% of my monthly income, it is my share of our mortgage. + +&#x200B; + +Income is as follows: + +|Work|\~$1,226 / paycheck|\~$2,452 / month| +|:-|:-|:-| +|parents|\-|\~300 / month| + +I am attending interview in an attempt to move careers. Most promising interview was yesterday, and I was invited back for a second interview this coming Tuesday. If i got the job, it would be a raise from $18/hr to $20/hr. Still 40 hours a week, bi-monthly pay. I would most likely step down from my current position at McDonald's if i got this new job, and would pick up a couple shifts a week to supplement my income and make ends meet. Also currently pursuing an associates in business with a transfer pathway to a bachelors in accounting which i am lucky enough to have the total cost of tuition and supplies covered by McDonald's reimbursement program. + +Would a personal loan be a valid option to consolidate my credit card debt and make one monthly payment instead of 3? Any other suggestions on how to get my debt under control and start to feel like im actually able to breathe? +I've been dealing with diagnosed depression since the age of 12, not really knowing my direction in life and always feeling like I was constantly drowning and trying my best to stay afloat in life. Ever since I got into Gamestonks, I would look forward to researching and doing my own DD. I finally had motivation for once in my life. On February I started taking my own personal health seriously and that's when I decided to start waking up super early in the morning and developing better eating and exercise habits(also quit smoking). It's been about 2 months and I look forward to waking up each and every day, I get up at around 4 AM, look on some stonk subreddits, do a little research on other places while drinking black coffee and then I go on a morning run. It's improved my mental health by so much and I've found that I actually love running and ever since joining you apes in the grand endeavor of fucking the hedgies I feel like included in an awesome community that seems to look out for each other. At this point I don't even care about the potential profit of the MOASS, I just want to thank you all for helping me find a new spark in life. + +Edit: thanks for your sentiments, everyone. I hope we all get to ride on to Valhalla in our rockets all shiny and chrome. + +WITNESS ME! +I've tried not to change my lifestyle from college, other than eating better and wearing nicer clothes for work. But I drive an old car and live in a cheap room at the edge of the city, restrict my spending on the weekends, etc. Meanwhile my peers are living like Patrick Bateman with their modern high-rise apartments, going to nice restaurants constantly, buying $200 in drinks in an evening with no thought. I participate occasionally and try to go out and buy a round now and then but it's hard to avoid building a reputation as a miser or stickler with such different goals. It's becoming increasingly uncomfortable to resist "keeping up" and bond with coworkers and peers. Has anyone else gone through this that can maybe offer advice on maintaining your goals or achieving balance? +I can’t say much but I work for a management company that manages assets for UBS. As of recent we’ve had appraisers come out from CBRE who is the lender for UBS. Without going into much detail it pretty clear to me CBRE and other lenders tied to UBS are taking over majority of their assets and liquidating them very quickly. I tried asking in depth questions about the underlying issue with UBS but both appraisers were only able to hint to me that they want zero ties to UBS. We all know UBS is short GME, so maybe there’s a correlation or maybe there isn’t but the timing of all this intrigues me. +Honestly, I don't know where else to post this, so sorry if it's the wrong sub. My partner and I just got engaged, and are currently looking at Venues. I never knew that weddings cost so much fucking money! We are having a relatively small thing, but even then, it's looking like it will put us out by about $5k MINIMUM. + +Most places are asking upwards of $150 per person for a 2-course meal (and I have seen photos - a small salad entree and what looks like a 150g steak and 2 baby potatoes for main)! That is fucking ridiculous, I could eat the best meal in a 5-star restaurant for less than that. And then there are Booking fees, Bar Tabs, Venue Hire, Celebrant, Photographer, DJ etc etc... + +One place told us that we need a minimum of 70 guests, or $1500 would be added to the (already $1000) booking fee.. WTF. + +I don't want to be a bummer and shit all over marriage and weddings to my Fiance, I want it to be special for her, but for me, it honestly doesn't really mean much. I am basically only doing it for her. Like what does Marriage even get you? what can married couples do that non-married couples cant? + +why am I expected to fork out $5-10k for this? how is this normal. do people really pay this much? + +We have been trying to be really money smart recently to get ahead of our finances since we are both pretty low-income ATM, and we have been doing well, but We don't have a lot of money, and this is going to be a pretty big blow to our savings. IDK how long it will take us just to recoup our losses.. + +I guess I am just asking if anyone here has done it cheaper, whilst still being a 'special' wedding and not just an elopement. are there any ways to prepare financially for this, other than just saving in BULK? the Date is about 1 year from now, so that how much planning and preparation time we have. + +Usually, weddings are between younger couples, who don't typically have a lot of money, surely there are payment plans, savings strategies, or something? Anything? + +Sorry again if this is the wrong place. I just needed to get it out really. +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! + +KIN ICO is currently asking for passport number or SSN. This is very dangerous information in many ways; here are some: + +1) If a hacker hacks this info, then they can link your ether address to you and potentially know how much you have. They can probably sell this info in the black market for a big sum $$$. + +2) You might get robbed or tortured for your private key since they can link your address to you. + +3) Government may be able to track your holdings (if you didn't pay taxes, then you're even more fucked). + +I might be paranoid here...what do you all think? If you still want to participate within the ICO, then I suggest you have a new address just to receive your tokens. If you would like to send your tokens to your main wallet, then I suggest you wait until an exchange supports the tokens and do this: tokens----> exchange--------->primary wallet. Exchanges usually send your tokens to their main wallet, so taking them out from there might make you less "track-able", but you might want to do 3-5 withdrawals. +So I have discovered ETH this year. Hooray, some money was made. Did some mining, awesome, free money. I also discovered Bittrex and Etherdelta and other exchanges. Also etheroll. And cryptokitties. Among other things. + +I have kept great track of the amount of cash I have put in. And I know what my portfolio was valued most days of the year, and recorded buys and sells to actual real USD. Which is all I thought I really needed for tax purposes. No I am feeling concerned about not reporting enough. But I can't even make sense of some of my addresses and transfers anymore. + +Anyone else just floored by the amount of activity they need to sort through from this year? Any suggestions if even bitcoin.tax is not helping? I have a dozen or more eth addresses, handfuls of other wallets for other coins, have used coinbase, gdax, bittrex, etherdelta, binance, kraken. I have played with etheroll and cryptokitties. + +This sucks.. I haven't made enough money to warrant this kind of effort. + + +Program/explanation here: [https://www.pcsforpeople.org/low-cost-internet/emergency-broadband-benefit/](https://www.pcsforpeople.org/low-cost-internet/emergency-broadband-benefit/) + +Some key bits from the FAQ on that page: + +## Frequently Asked Questions + +* **What is the** [**Emergency Broadband Benefit (EBB) Program**](https://getemergencybroadband.org/)**?** + * The EBB Program is a [Federal Communications Commission (FCC) program](https://www.fcc.gov/broadbandbenefit/) that provides financial support to cover monthly broadband bills for qualifying households.  +* **Who is eligible?**  + * Anyone who meets PCs for People’s [eligibility requirements](https://www.pcsforpeople.org/eligibility/) can apply for this benefit.  +* **When does the program start?** + * The program launched on May 12, 2021. +* **When does the program end?** + * The EBB is temporary, and it will expire either when funds are exhausted or six months after the Department of Health and Human Services (HHS) declares the end of the COVID-19 health emergency, whichever comes first. The program was initially funded with $3.2 billion.  +* **What are the available computer discounts?** + * We will be offering desktop and laptop packages (while supplies last) that are all compatible for remote work or school. All computers are refurbished, with typical brands including HP, Dell, and Lenovo. Windows 10 operating systems are included and our Best-tier packages typically include MS Office Home and Student 2019. Laptops come with an AC adaptor. Desktop computer packages come with a monitor, keyboard, mouse, wireless adaptor, and any necessary audio/video accessories. Prices after the benefit is applied range from $11-$49.99, and you can see the currently available computers at [https://ebb.pcsrefurbished.com](https://ebb.pcsrefurbished.com/). +* **If I am enrolled with another internet service provider for monthly internet, can I get an EBB-discounted computer from PCs for People?** + * Customers who are EBB-approved for the internet benefit at other internet service providers cannot use the computer benefit separately at PCs for People. The program restricts that we provide the EBB computer benefit to customers who subscribe to our internet service only. Should this change or be updated, we will certainly share the details. + +&#x200B; + +\--- + +&#x200B; + +I've gotten computers and internet service from these guys before and try to tell everyone about them; they're legit and have always been easy to work with. +Not sure if this belongs on /r/personalfinance, and I apologize if it's long winded. TL;DR at the bottom. + +It seems like every employer has a different method when paying their employees. The way my company worked is we get paid twice a month, the 1st and the 15th. Not too unusual, but they had a funny method of paying us. If you add up 40 hours per week times 52 weeks for a year, you’ll end up with 2,080 hours. We got paid 24 times a year (twice a month), so our company paid us the same hours every paycheck (2,080 hours / 24 pay periods = 86.67 hours per paycheck), and the company will add/deduct in later paychecks for overtime or missed time. + +The problem is, the 86.67-hour paycheck is the basis for every single paycheck. 2016 was a leap year, so there must have been an extra day in there, right? I always assumed the company paid any extra days on the last pay check of the year. The pay was always different anyways. The taxes were calculated different, and we were able to sell back any unused vacation time, and that will show up on our last check. So the last paycheck was usually a bloated. + +A co-worker friend and I decided to do some digging. 2,080 hours comes out to 260 working days. It turns out that 2014, 2015, and 2016 each had 261 working days. My friend and I check all of our paystubs from the last 3 years (they’re all on the payroll website), and it turns out we got paid for 260 days for 2014, 2015, and 2016. We were short one day for the past 3 years, and it turns out 2012 and 2013 also had 261 working days (but we couldn’t confirm if we were paid for those extra days in those years because our paystubs only went so far back). + +I originally was going to take this information to the person who runs the payroll at my company. Even though she’s a nice lady, she is wishy-washy and can brush things aside. I wanted to make sure this was an issue that would be seen. My friend and I wanted to remain anonymous, so I posted our results to the anonymous company forum. These can be seen by the entire company, even the executives. + +Well it turns out this DID catch their attention right away. The payroll lady and her boss went into a bit of a freak-out mode. I don’t want to go into too much detail, but let’s just say that they found out that the anonymous forum is *really* anonymous. + +A week later, HR and Payroll had a meeting with all affected employees (about 35 hourly employees). The payroll lady explained this is how they have been doing payroll since she’s been at the company (almost 40 years), and never realized the mistake. They told us that they spoke with their lawyers about this issue, and it turns out they legally only have to pay back for any missing days within the past 2 years. They decided to own up to their mistake; they paid us for the past 5 years of missed time (one day for each year), and on top of that, they doubled the amount as an apology for this long overlooked mistake. + +Since I’ve been with the company long enough, I got the full 10 days of extra pay, some people only got 2-8 days. It was still nice of them to pay us back a lot more than they were legally obligated to. I do kind of wish I didn’t go anonymous, so I can take all the credit, but honestly the most I would have gotten out of it would be a free lunch and a pat on the back. + +TL;DR – Employer was shorting us about 1 day pay for the past 40+ years, spotted the error and company paid affected employees back 10 days worth of pay. +People harp on about the housing ladder like it’s this magical pathway to a massive house, but it doesn’t make sense to me.... + +We scrimped and saved to afford our first house, which was really hard to so. People keep mentioning how much it will be worth now and how it might be worth getting it valued with an eye on getting a bigger house. + +But.... let’s say my house has increased in value by a decent percentage surely other other houses have also probably gone up by a similar rate, so how can you afford the bigger house now all of a sudden? Am I missing something simple or just being dense? +When I had to choose between having bus fare and getting some bread to eat after a long day of job hunting. Also decided to quit all forms of social media (except reddit) because I am tired of trying to be positive while everyone is sharing pics of warm, home cooked meals, presents, holidays. + +So sorry to be a bummer, I am just so tired and I know you guys would understand. + +Whoever is having a tough day, here is a huge hug, from one struggling soul to another. +Dunno what that's about. I know it's absolutely trivial to register a domain name, but why? I want to know the significance of that. This feels like a LARP. + +One thing it does show is that "GMERICA" might not be some throwaway comment and might suggest a meaning that we haven't caught onto and perhaps is part of some grander plan. + +&#x200B; + +Check it out... [www.gmerica.com](http://www.gmerica.com) +I worked for a company a couple years ago that was moving into a new facility. Warehouse needed to be able to hold multilevel racks as high as possible. + +Well The person with our company who signed the lease and declared the facility fit for our needs didn’t know the codes. We moved in and within a couple weeks the fire inspector came in and shut us down for not having the proper clearance between top of our racks / shelves and the sprinkler system. They literally won’t let you stack shit so high it could touch the sprinkler system or prevent those sprinklers from disbursing water. + +This story just reeks of foul play. + +Interesting comment from u/dyrnwyn580 (can’t post due to Karma) + +Can’t post BC low-karma. The school I work at has the same situation in classrooms and storage rooms. Assistant Director of facilities makes monthly checks. On another note, let’s pretend the pipes did break. Either one section broke and others would still be functioning, or one section broke and all water was flowing out into the room because the sections weren’t conpartmentalized. There’s a minimum of five sprinkler heads per 1000 ft.² and the building was 250,000 ft.². That’s 1250 sprinkler heads producing 25 gallons per minute each for eight hours. That’s 15,000,000 gallons of water. Look behind the news anchor. Nothings wet. +Besides not trading options at all, what is the options trading strategy with the least amount of risk (and I assume the least reward)? + +I'm looking for nearly guaranteed small profits. (I know nothing is 100%) +https://www.bloomberg.com/news/articles/2018-12-17/u-s-student-loan-debt-sets-record-doubling-since-recession + +> The Bloomberg analysis found that loans issued about six years ago have the highest cumulative loss percentage compared to any other year since the financial crisis ended. This indicates that students who took a loan in 2012 have had a much more difficult time making their monthly payments compared to students who received loans shortly before and after -- students who have had a similar amount of time to pay them down. + +> A large percentage of those who took out loans in 2012 are currently 24-33 years old, an age where many are generally establishing themselves in their careers. Borrowers in this group entered the labor force when the unemployment rate was twice as high as today and may have found it difficult to find a career track in their desired field. Further adding to the difficulties faced by this group was that finding a position in 2012 took almost three times longer than today, according to data from the Bureau of Labor Statistics. + +> Borrowers in the 25-34 age group owed $489 billion as of the third quarter, slightly less than $530 billion balance for 35 to 49-year-olds. + +> **Many Americans are taking student debt with them into old age too. At the end of September, 1.8 million borrowers age 62 and older owed $62.5 billion in federal student loan debt and those in the 50-61 age group owe $213.6 billion, according to data from the Department of Education. In just one year, the aggregate amount owned by borrowers over the age of 50 increased by $28.8 billion or 11.6 percent.** + +TL;DR: Lots of people owe lots of student debt +Ok, I'm sick and tired of seeing all this loss porn of people who were up by what to any average human would be a LIFE CHANGING amount of money, I'm talking 10k, 20k, 30k, even 100 or 200k, and then they lose it all. + +Stop getting fucking greedy and WITHDRAW! + +Get it through your head, if you went up that high once, chances are you can do it again, but you'll probably lose a lot along the way, so would you rather lose 5k of 50k, or 50k having started with 5k? Withdraw your gains!!!!! + +Buy a house or a car or give your mom some money or buy your wife's boyfriend a nice big cockring for when he's doing loud yoga with her in your bed. + +This shit will fuck you up. If you make 40 or 50k a year from your job, making 10 or 20k will change your fucking life, but equally losing 20k when you could have changed your life? Devastating. Life shattering. + +I say this because I've withdrawn over 30k from RH, but this week I made 10k and then proceeded to lose about 20k, likely with more losses to come at open. But you know what? I can never lose the money that I FUCKING TOOK OUT and my All Time will NEVER show me negative. + +Withdraw your fucking gains, bois, pigs get slaughtered! +https://www.cnn.com/2019/08/09/economy/mortgages-home-buyers/index.html + +The S&P/Case-Shiller US National Home Price Index has climbed steadily over the past seven years. Since 2012, home prices have increased at about three times the pace of wages, Yun said. + +"Homes are going to move out of the range of many buyers in terms of affordability, and maybe that is what we are already seeing," said Chris Rupkey, chief financial economist at MUFG. + +The supply of new homes hasn't gone up enough for people in all income groups to take advantage of the lower mortgage rates. +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! + +I'm completely torn, but I'm excited to see what might come from it. Surely someone has to have the correct predictions, and I've heard everything from super crash to super pump. + +Please provide reasoning and a timeline as well! Simply saying "$11" isn't a good prediction. +The first is clearly Casper. Casper has to work in order for Ethereum to continue as legitimate competitor in the crypto space. When it is deployed and working it will alleviate a plethora of problems that are inherent to proof-of-work systems, increase transaction speeds, as well as eliminate inflation inherent to the current system. The second is anonymity. It is clear to me that crypto enthusiasts and users alike have a huge demand for privacy. Monero's over-hyped and over-anticipated privacy features are just one example of that demand in practice. (Repost with new title. Douchebaggery notwithstanding, thanks /u/HandyNumber for pointing out my previous title was too annoying for neurotic readers to handle.) +It’s possible to get out of poverty. I was able to save 30,000 and we just closed on our first house. 3 years ago my credit score was 460 and now it’s in the 700s. Posted this here to give you all hope. Still have those student loans but I was able to save and buy a house on $38,000 a year with 2 kids +So my parents sold some property and after taxes and fees, they will have approximately $100-$110,000. They live on a fixed income Social Security and have Medicare insurance and don't have a lot of expenses. No mortgage, no rent, no car payment. Outside of food, insurance and medicines, they don't spend more than $25K annually, maybe less. They have $40-$50K in cash in savings. They would like to have some income off of the money, but not take a great risk. 4-5 years ago a simple CD would suffice, but now those are of little use to them. So I'm thinking there may be some dividend ETF plays that might work for them. As I said in the title, they are 80, but healthy. + +Has anyone set up anything similar to this for their parents/family? I'm thinking a split of 2-4 ETF's with a distribution rate of 3% + would work. Some I've looked at: JDIV, PEY, EMLP and FDHY. + +Any thoughts? +I’m new to investing. I noticed most people have SCHD in their Roth IRA or some other retirement account. If you just have a standard stock portfolio that’s not a Roth IRA, 401k, etc. is it foolish to invest in SCHD? I was interested in creating a portfolio more geared towards dividends. +I’m 23 years old and I make around $120k a year with about $2k in monthly bills (mortgage, internet, electric, car, etc). Currently I have $90k in my 401k where I put 15% in every paycheck and my company matches another 6%. I just Ed started a Roth IRA that I was going to max out every year as well. I was thinking to do relatively safer dividend stocks in the IRA that are around like 2-4% yield. I also have a brokerage account that I was going to do some riskier yields (like 6-8% that vary depending on how the company is doing). I’ve been at my job for 3 years now, and for those first 3 years I was very bad with my money. But I finally realized my mistakes and believe it’s not too late for me to start all of this. So I was just wondering from others if you all of this sounds like a good idea or not? +Lots of noise about the Evergrand situation, including fear mongering about "markets crashing", "Evergrand is the next GFC", "should I sell?", etc. + +Please use this thread to consolidate your questions and comments. + +Mods will be locking repetitive threads and directing them here. + +If you're out of the loop, here is a great overview about what's happening with Evergrand in China: + +https://www.reddit.com/r/OutOfTheLoop/comments/pryhn1/-/hdm8sky + +Keep it classy - Sub rules are still in effect. +I've been investing since some of you kid's were in diapers; through the Russian debt crisis/LTCM bailout, Y2K, .Com bust, 9/11, Mortgage Meltdown and now COVID. The market is doing what the market does and will go back to doing what we are all used to it doing. Every single bear market/recession is followed by a bull market and every single bull market is ended by a catalyst that "everyone saw coming". + +To Put COVID in perspective, "the market" has survived + +* Panics of 1857, 1869, 1873, 1893 +* Switch from the gold standard +* Civil War +* Wall Street Bombing of 1920 +* Great Depression +* WW1, WW2 +* Vietnam and the Oil Crisis +* 1987 Crash +* Savings and Loan crisis + +Despite all of that, the real (inflation adjusted) return on equities for the measurable \~200 year history of the market has average 7% (source is Jeremy Seigle "stocks for the long run" page 12). + +We have industries today that one would not be able to fathom 100 years ago, let alone 200 years ago when we were an agrarian dominated slave holding society. Along the way entire industries have been created, then wiped out, then built again. In the short term market dips are always painful, in the long run, as long as you have a piece of that broad market you will be rewarded well. + +Lets look at the 1929 crash and resulting great depression - had you invested at the peak + +* It took 25 years for the DOW to regain it's peak - but re-investing dividends would have made you whole in 7 years. +* reinvesting and accounting for inflation (deflation) and you are made whole in [5 years](https://www.businessinsider.com/henry-blodget-new-study-stocks-only-took-5-years-to-recover-after-1929-2009-4). + +Mind you 1929 was the worst the US has ever seen and is likely to ever see. Will things get as bad/worse as they were in 1929? Probably not + +* Monetary policy (The Fed) is an accepted practice. +* Social Insurance (un-eployement, ssi, etc) means we won't see roving hordes of poor people raiding food supplies. + +Hold up - you don't understand. COVID is a pandemic like none other; people will die, industry will be decimate, blah, blah blah. Lets look at the two worst case scenarios; Germany and Japan during WW2 + +* Germany - 90% drop in real equity prices, followed by a 30% per year return for the next 12 years +* Japan - 98% drop in real equity, breakup of industrial cartels and distribution of shares to workers, followed by a 10.4% avg annual real return. + +COVID is not a conquering army, My thoughts on what is likely to happen. + +* Market will bleed 30% to 50% of it's peak - if we go past 50% its time to beg/borrow/steal and go all in. +* We will see a net decline of jobs which will be cushioned by a shift in demand. Amazon is hiring 100k people (and bitch all you want, they pay better than many of the mom and pops that are folding). Any one in the medical field/retail grocery is having a bonanza, +* un-employment and other social insurance will kick in and there will not be an economic tsunami caused by the retail/hospitality workers being unable to pay rent/bills. +* Manufacturing will see a resurgence both in short/long term. GM is already angling to make respirators. Companies that can adapt will do so and thrive. Companies that go bankrupt were likely on the edge well before this. Also this should be the canary in the coal mine for the US to wake up and on-shore it's critical industries. + +My advice for you kids + +* Set aside an emergency fund (3-6mo exp) +* Invest in broad market indexes and may it automatic via payroll or monthly deductions. This ensures you never invest at a market peak and will avoid any worst case scenario. +* set saving goals (house/car/etc) and understand asset allocation and what your risk tolerance is +* For folks nearing retirement, understand that retirement is a continuum. One does not retire and need 100% of their savings in cash. On the contrary, you have 20+ years for those assets to continue to work for you. +* Understand and heed the yield curve. + +Closing thoughts; this is normal and something I am viewing as a buying opportunity. To quote two investment legends, you really have two options. + +* "Stay the course" - John Bogle +* "Be Fearful when others are greedy, greedy when others are fearful" - Warren Buffet +*(TL;DR at bottom of post)* + +***Short post, but hopefully some timely and helpful things for all of us to think about:*** + +I'm not a huge fan of ringing the "THIS IS FORUM SLIDING! GTFO!" bell, which to be sure *is* justified at times, but I think happens more often than it should. + +I don't know if this is one of those times or not- maybe it is, maybe it isn't. + +BUT, IMO we all should be aware of that possibility, and what that would mean for our ability to spread awareness of, and focus on the most important news/developments/DD/etc. (Side note: Yes, in my opinion, lethally effective memes & shitposts are important). + +The net ROI if you will of 2021's Korean "Ants" wave *(again whether started with intent to forum slide, naturally grew to have the same effect, or a mix of both)* for anyone who was around to experience firsthand, was not nearly as meaningful/impactful as it should have been to justify the amount of time/space/attention that post after post after post took up in total. + +# TL;DR + +* **In no way am I trying to shit on this "1.2 Million Chinese investors on FUTU and they're DRS'ing their GME in droves!" wave if it's legit** +* **BUT, even if it is, I think now is a great time for a reminder to think about what other types of highly valuable posts/info/etc can be crowded out if everyone runs to jump in without considering the overall impact to the sub** + +***EDIT: AWESOME REMINDER BY*** u/Firetorpedos ***AND*** u/bowls4noles ***IN THIS LINKED COMMENT:*** + +***The "Ants", the "Crypto Bois", and any other out-of-nowhere new incremental GME investor campaigns have generally coincided with, and been falsely credited for NO-OTHER-REASON price spikes/run-ups, that turned out to be factually unattributable to possible GME share purchases made by any of those groups:*** + +[***https://www.reddit.com/r/Superstonk/comments/siwcs4/comment/hvb9m8d/***](https://www.reddit.com/r/Superstonk/comments/siwcs4/comment/hvb9m8d/?utm_source=share&utm_medium=web2x&context=3) + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/siwcs4\/comment\/hvb9m8d\/](https://preview.redd.it/kew5it647hf81.png?width=1744&format=png&auto=webp&s=a532b12785736c67effc8ad146005d2e354e40d9) + +&#x200B; + +**+++++++++++++++++++++++++++** + +&#x200B; + +***EDIT, TO BE CRYSTAL CLEAR:*** + +* *1) For anyone not familiar with the Korean "Ants" campaign last year, please know: I have nothing against any human beings, regardless of their DNA, beliefs, citizenship, etc* +* *2) The nationality/origin of the investors was irrelevant, and would have made no difference to the point of this post* +* *3) It could have been the Martian "Water Bears", and still would have been forum sliding* +* ***4)*** **I, and EVERYONE here, wholeheartedly welcome ANY and ALL newcomers to investing in GME, regardless of where you call home!** + * ***A)*** **This post is NOT taking away from those investment decisions, in any way, shape, or form!** + * ***B)*** **This post is NOT taking away from your perseverance HODLING right alongside every other GME shareholder, through every spike and dip!** + * ***C)*** **This post IS simply an objective observation that none of these campaigns has "moved the needle" in the sense that any measurable impact on the charts took place** + * ***D)*** **This post IS an indictment of the criminal fuckery market manipulation by the GME shorts, who have overcome buying waves, and have used those subreddit campaigns to opportunistically and falsely attribute their momentary loss of grip, FTD buildups, rollover cycles, etc to ANYTHING other than their inability to hold GME down 365 days a year** +By now I would hope that everyone has read [the article in question](https://amalakho.hosted.uark.edu/teaching/finn5333/links/II_CitadelGroup_Sep_2001.pdf) which came out in September 2001 and surfaced on here in mid April. But if you don't have the attention span to read the whole thing, there's one section in particular I find interesting. + +[A real chonker of a section.](https://imgur.com/URxDZLk) + +The first sentence there that stuck out to me was +>Convertible bond trading and +similar equity derivatives trading account for +more than half the firm’s profits. + +Convertible bonds here meaning the now-infamous [death spiral securities](https://www.reddit.com/r/Superstonk/comments/u50zhv/death_spiral_convertible_bonds_another_missing/). So as early as 2001, Citadel was already making a majority of their profits from the cellar boxing business model (likely a less efficient and refined version of it). This part is speculation, but I wouldn't be surprised if the [original cellar boxing forum post from 2004](https://archive.ph/KSS6m) was written about Citadel, but I digress. + +The real eye popper from the pictured section, though, was +>In the +late 1990s Citadel amassed big positions in +the equity-linked derivatives issued by moneycenter Japanese banks, hoping to take advantage of mispricings created by the unusual +complexity and giant size of the offerings. But +the trades soured. The firm scrambled out after suffering a loss of 2 percent in one month, but the same securities became a big moneymaker for Citadel in the next two years. + +Now I understand that this was written 20 years ago and circumstances have obviously changed since then, but Citadel paper handed a deal over a 2% loss? Is there a single shred of doubt that citadel is down by more than 2% on GME at this point? Why haven't they pulled the chute yet? Unless, of course, they can't. This train has no brakes. + +Edit: and I forgot to even mention the whole mob hit/payoff angle in the last few paragraphs lol. [That event has a wikipedia page.](https://en.wikipedia.org/wiki/SunCruz_Casinos_sale) If you've ever heard of Jack Abrahamoff, this is what got him criminally charged. + +Edit 2: Wait this Suncruz thing is wild. I think I may have buried the lead here. Citadel gave a $25M loan to Suncruz shortly before the new owners **may have been** involved in the killing of the former owner. And the affair was such a big deal that it led to the conviction and **imprisonment** of ~~a sitting congress member~~(edit: jk, lobbyist but its so easy to confuse the two, and members of congress were investigated including "Russia's favorite congressman," Dana Rohrabacher). + +Edit 3: I have no idea why this post is being spammed with snek awards. It appears to be one person doing it. 25 in the span of 2 or 3 minutes, and it was still at 100% upvoted even after that. +Via [Bloomberg:](https://www.bloomberg.com/news/articles/2016-12-14/uber-rolls-out-self-driving-cars-in-san-francisco-without-dmv-approval) + +- it will gradually introduce self-driving **Volvos** in its hometown. +- The company has quietly had self-driving cars roaming the streets of San Francisco for at least a few weeks without making it public, potentially violating the DMV's mandate +- The DMV defines an autonomous vehicle as "technology that has the capability to drive a vehicle without the active physical control or monitoring by a human operator." +- Uber's **self-driving cars will have two humans involved,** one ready to grab the wheel and another monitoring for pedestrians, directing the car to change lanes and helping record incidents. +- In [a] ride-along Tuesday, a **driver took control of the vehicle more than a dozen times in less than 30 minutes.** +- car would get too close to a pedestrian, that the vehicle wouldn't let another merge and that the car would potentially create gridlock by entering an already crowded intersection. Other reasons were more mysterious. Sometimes the car would simply hand over control to the driver with little explanation. The driver said that the car was probably getting its sensors overloaded. +Bare with me on this. + +My friend applied for a job with the company Cognizant two weeks ago. Yesterday morning she had a Skype interview with them, only they didn't video chat. It was all through text. Which to me was strange. Anyway, they ended up offering her a position with a starting pat of 29.75/hr + +She finished the interview and the lady said she would email the responses to HR. This morning she got a startup check from Cognizant for 5,000$ + +They told her she would be working from home until their offices in our area were open and functional. + +This all seems scammy to me and I am concerned about her. I'm not sure where to post this, but I just wanted a second opinion. + + +Job title is administrative assistant. + +Update: the five grand is for her to order the office equipment that they want her to order TODAY. I'm worried they're going to send her this morning and then have her pay for all this equipment and then try and say she owes them for it somehow. +To those of you running the wheel strategy, I have a few questions. + +1. What percentage returns per month do you get in general? Is 4% too optimistic? +2. Do you immediately put in a buy order at half premium? +3. What percentage of your total account do you run the wheel on? I realize everyone has a different risk tolerance, but I'd like to gauge the general consensus. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hi r/thetagang, + +**EDIT: Many misunderstood my point so I want to be clear - the stock symbol** **~~doesn't matter~~**, **and the options strategy** **~~doesn't matter~~** **can be anything but should be dictated by your research. If your trading style depends on probabilities, then having consistent trades will help.** + +**EDIT2: Thanks** u/soulivore **for pointing this out, my bad writing probably gave the wrong impression here. "Applying any strategy on any stock and doing it consistently will work" is never my intention. I hope people don't take this away and trade like that without their own research.** + +**I will try to be more careful and explicit next time I post something here, sorry for the confusion!** + +I have been trading options for 6 yrs now. Still wouldn't call myself an expert. The 35% ROI is a real number but this post is not about bragging. I like to share some of my observations. If this post can help at least 1 person, I achieve my goal :) + +The name of the trading strategy is called **"consistency".** + +It actually doesn't matter what Option strategy you use, but you need to do it consistently, and stick to the ones that you are most familiar and comfortable with. It has to be a strategy that's proven to work with your trading style. Long calls and puts are okay too if they work for you. (I know we are thetagang, but we are also here to make money.) + +**Law of Large Numbers (LLN)** + +Even a 90% win rate doesn't mean you'll make money on your first few trades. We need to consistently put on trades to have a large enough occurrence for the LLN to work. + +However, be selective of your trades, and **don't over-trade**. + +**Consistent Risk Profile** + +Let's say we usually trade 1 contract of SPY, we have been on a winning streak and got cocky, now let's try maybe 5 contracts in one trade. Remember, each trade has a chance to blow up. And it's very likely that your first scaled-up trade will blow up on you. This is when we lose months and years of previous profits. + +It's okay to scale up, but do it slowly. Complete a few trades and get comfortable with the new trade size & risk profile, then scale up again if you feel it's the right thing to do. + +**Simplicity Wins (sometimes)** + +This is a personal preference so it's up to you to decide what works best for you. I prefer simple strategies because they are easy to understand and manage. They are also less mentally exhausting to deal with. Of course, YMMV and more complex strategies might work better for you, I have a friend that likes to do a 12-leg strategy for earning plays apparently it works for him, but too much for me. + +**Time To Reveal My Secret Strategy** + +It's short put and I'm serious :) It might sound boring to many, but it works. If you have to ask the stock ticker, it's TSLA. The only thing I've traded so far in 2022 is short put in TSLA. You don't have to pick TSLA and other stocks work too. Sorry maybe not NFLX or FB... "for now". Other option strategies work too, if you have been doing e.g. short calls on most tech stocks, I'm sure it's been very profitable this year. + +The key point is about **staying consistent** with what works for you, option strategies actually don't matter too much. + +**Longer Time Horizon** + +35% in the first four months doesn't mean anything and it's not important. Anyone can just pick a period and claim they've made xx% return during that time. NLFX and FB might be -50% now, but they'll recover given time, and probably will raise even higher. Focus on the long-term goal, and don't get distracted by the short-term %s **if you have done your research and believe in the company.** + +Happy trading and stay safe! +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. +Anybody have any good stocks they are currently selling cash secured puts on for good premium? I have been selling CVM puts for about 2yrs now and was collecting 5-10% monthly. They recently went down 65% after bad news and I got burned there. I have not really found anything else that great that provides the same premium with good low strike prices. Just wanted to see others thoughts and or suggestions +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'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? +Firstly, I do not want this to turn into a political thread. I'm interested in all perspectives and how people with the means to move abroad feel about it given the heated political climate in the United States. +If you have left the US or plan to, what are your pros/cons? If not, why would you stay? Some talking points I'd like everyone's input on: + + +* Polarization of the political landscape in the US. Senators on opposite sides of the aisle used to golf together, nowadays they will hardly talk. I think many would agree this hinders progress for the common good. I know other countries have their problems too, but it seems much worse here for a developed country. +* Direction the country is going. Whether your concerns are the present, future, or past presidencies/legislative bodies and if that is influencing your thoughts of moving. +* Personal freedoms. Maybe there are some things that you can do in the US or opportunities here that don't exist or are more difficult to come by abroad. Perhaps owning or starting a business is easier here. +* Others? Cheaper university elsewhere? Difference in healthcare structure? Other pros/cons that I'm missing? + +Thank you for reading and your input. Again, I'm not necessarily interested in your political leanings, but rather how they influence your decision to stay or leave the US. +What with all this economic doom and gloom, there's nothing like a good bit of micro stimulus! + +Where do you go - domestically and internationally?Are your flights an arm or a leg? + +Do you cruise until you can't cruise no more, laughing at all the other retirees? Do you spend a month on an island you bought from your /r/wallstreetbets winnings? + +Do you hire a Combi Van and drive up and down the East Coast? Do you prefer to camp out in backpacker hostels so you can spend the difference on tickets to the Opera? Or is your idea of a good time hitch-hiking to Byron and sleeping on the beach pretending to be homeless for a week. \*(If you can't tell, I'm a DINK household - but we're also children at heart so happy to hear about family friendly hols. We'll just visit when it's not school holidays.)\* + +My SO and I are burned out, we have this Annual leave ready to burn. Hit me with your best shot. +I have seen this statement a lot lately in this subreddit when people talk about how they made their money or how they are continuing to invest. To whom the above statement applies, how exactly are you “in” commercial real estate? Are you the sole owner, partnering with someone, hopping on someone’s syndication deal and silently investing along, doing syndications yourself? And what area of CRE are you in: multifamily, industrial, retail, etc? +Throwaway account, first post: + +Longtime lurker here. I’m married, approx. 50 yo man with a wife and three kids in VHCOL area. Paid off house ($3.5M value) and second paid off house overseas ($500K value). Current liquid NW is $10.5M in traditional assets -- 70% equities, 20% bonds, 10% cash. I’m planning the next liquidation of my crypto holdings, which are currently valued at $7.7M. My plan is to net, after tax $4.5M in USD at next sale (which I expect will occur in 2021 as prices rise) and put $2M into a Donor Advised Fund. That will leave me with a “traditional” portfolio (USD) of $15M with an additional $5.2M in crypto under lock and key for the longer term. Plus the $4M in property. And the $2M DAF to give away over the next ten years. We no longer have jobs, so no new income coming in. + +My wife and I don’t have expensive tastes, per se, except high-end travel. With the extra money we can do this easily (we probably can now) at a 3% withdrawal rate. We aren’t interested in upgrading to mini-yachts, more property, etc. at this time. I’m not interested in angel investing. I have an artistic pursuit that is enough for me. Giving money away in specific areas as part of the DAF will add an awesome element to our lives. + +Now, my question. My USD portfolio is managed by an amazing advisor who I trust and respect. They take a 1% fee which is worth it to me. They’ve done very well with my money since I’ve gone to them and also over the history of their business. Their focus is equities. They are effectively stock pickers, which will sound bad to many on this forum, but they have a strong thesis that I’m comfortable with. + +But, I’m clearly in the wealth preservation mode of this journey. If you were in my situation, what would you do with the $4.5M after tax I expect to cash out this year? The easiest thing would be to give it to the financial advisor that I don’t have enough good things to say about. But it also makes me a little nervous because they are heavy in equities. Should I consider something different? The goal is to keep the wealth we have. Though, to make that happen I’d like to have a shot at steady gains as well (though not interested in cash or more bonds I don’t think). What options would you consider? + +Note: This post is not to debate the value of crypto. I’m confident in its value long term and I’m respectfully not interested in you telling me its tulips or whatever. I’ve done thousands of hours of research and am convinced in it's benefits over the long-term beyond the casino discussion when things pop like they are now. I’m not trying to be rude, mind you, and I appreciate any advice on my question. + +Thank you for this forum. Not many places where rich people (still sounds weird saying it) can speak without censure about the unique challenges of having more than enough. +I have seen this statement a lot lately in this subreddit when people talk about how they made their money or how they are continuing to invest. To whom the above statement applies, how exactly are you “in” commercial real estate? Are you the sole owner, partnering with someone, hopping on someone’s syndication deal and silently investing along, doing syndications yourself? And what area of CRE are you in: multifamily, industrial, retail, etc? +I am in my 60s and have a 30 y.o. daughter that we discovered after she was adopted as a baby to have cognitive delays as a result of fetal alcohol exposure. She went to a special needs high school and now has a job as grocery bagger. She has difficulty with executive functioning but can read and write, although with difficulty in comprehension. She cannot drive a car because the written exam is too taxing for her. + +She lives with me and my wife. We drive her to work where she earns about $100/week. She promptly spends all that within a few days of payday on food and anything that she sees on Amazon. + +I looking for recommendations on how to best provide for her after we are gone. If we died today she would get about $750000 in assets and cash. I am afraid if she got that much money she will be taken advantage of or find a way to burn through it until it is gone. My lawyer thinks I should not try to control her from the grave and just let her have unfettered access. + +What other options are there for helping her through her life while we are gone? All of our relatives are older than us so I cannot expect any of them to be able to help when the time comes. Any advice would be appreciated. +I hear a lot of people making the argument for Medicare for all however I often wonder if folks don't understand Medicare is not free unless an individual has worked at least 40 quarters by age 65. If not it costs the individual $471 a month if they worked less than 30 quarters and the rated is prorated for folks that worked 30-39 quarters. On top of that Medicare part B costs another $150 or higher depending on income and this regardless of quarters worked by age 65. Part B is needed by all it is what covers ambulance, prescriptions, mental health, and medical devices. + +So if Medicare was available for folks under age 65 it would cost an individual $621 a month. On top of the monthly cost Medicare has a $1,484 deductible for each benefit period. So I'm left to wonder, do the folks that want Medicare for all think that it is actually free and not understand that it has an expensive individual monthly cost unless the individual has met age and worked quarters requirement. +I have no background in economy and I realise that this thought that I had is pretty wrong but I need help explaining why it is wrong. + +We have some form of economic ecosystem. People work, get a salary, buy things and so on. Eventually someone gains on our consumption and if that person banks that money up and takes it out of the "economic ecosystem" (I dont even know if that's a thing") doesn't that somehow damage the whole ecosystem. Sry if this was a weird question but if it's something that someone can reply to I'd be glad! +I have gotten mixed answers regarding this, both from people that are honestly not qualified and have an opinion to have one, but I don’t know where I stand because I don’t know how forgiveness of the debt would affect the economy. +/u/breinbanaan /u/LunarPayload re /u/jsmar18 + +some people have asked why i do this - this is why: + +check og post: [reddit.com/r/Superstonk/comments/pmu19h/international\_apes\_can\_transfer\_shares\_to/](https://reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/) + +THIS IS A REPOST: this is a NEW ARTICLE FOR DRS: [https://www.reddit.com/r/Superstonk/comments/qnacfh/one\_more\_time\_how\_to\_drs\_your\_gme\_shares\_from/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/qnacfh/one_more_time_how_to_drs_your_gme_shares_from/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Now check the post below: + +TLDR: IBKR seems to be a workaround for a lot of apes out of the US and Canada, particularly the Euroapes. Basically, you could open an account with IBKR, transfer or buy shares with them then start the DRS transfer. + +I won't chat about how dodgy IBKR is or how shitty their founder is. I don't care about this. To me, they are a mean to an end (1. Buy shares via IEX and 2. Transfer to CS). + +**# List of countries:** This is based on where Computershare has an office, it could be more countries. UK, Switzerland, Canada, Netherland, Ireland, Germany, Sweden, Denmark, Spain, Italy, South Africa, New Zealand, Australia, Hong Kong. + +🇬🇧, 🇨🇭, 🇨🇦, 🇳🇱, 🇮🇪, 🇩🇪, 🇸🇪, 🇩🇰, 🇪🇸, 🇮🇹, 🇿🇦, 🇳🇿, 🇦🇺, 🇭🇰 + +**# Note: You don't need to open a ComputerShare account, IBKR will take care of it as part of the process.** + +**# Important: You need to have funds available on your account for the fees. Don't risk delays.** + +**# Fees: $US5** + +**# Process: Easy** + +**#Timing: 5-7 days** + +It's fairly simple. Essentially, you just have to raise a New Ticket and ask for an Outbound Transfer. If you are a grandpa at heart like me, you can attach a form (see the part at the bottom "BONUS"). TBH, I don't trust brokers and like to keep paper trails and clear instruction but if you prefer a simple ticket, it works. + +ON WEB + +**Step 1.** Click on the 'people' icon on the far top-right of your screen then click on the '**Secure Message Center'** button. + +&#x200B; + +https://preview.redd.it/8081y4qfkqz71.png?width=1334&format=png&auto=webp&s=0d60fce36dc8ee8375c957d5b41360f0b7a16e83 + +**Step 2.** Wait a few seconds (long seconds, it takes time for the message center to load) and click on 'Compose' then 'New Ticket'. + +&#x200B; + +https://preview.redd.it/b4gcxbygkqz71.png?width=1343&format=png&auto=webp&s=f2679ee05593becd8656c77cc2a6a9c5213e3f58 + +**Step 3.** Browse the list of option and select 'Funds & Banking', it's the 6th option from the top. + +&#x200B; + +https://preview.redd.it/uusqwbvhkqz71.png?width=1324&format=png&auto=webp&s=e681fc70ae9cb5d818ec0ecf4f2bb21b5b79466e + +**Step 4.** Select 'Position Transfers' + +&#x200B; + +https://preview.redd.it/hkqd1dyikqz71.png?width=1330&format=png&auto=webp&s=88bd47a1417c681b518fe1306929603ba0cec43e + +**Step 5.** Time to write your email. + +>Subject Line - I suggest something like 'Outbound Request - DRS Transfer to ComputerShare'Body - Something like"Please proceed with an Outbound DRS Transfer based on the following information. Please note I agree with the associated fees for this transfer:**Account Information**Name: \[YOUR NAME\]IBKR Account: \[YOUR IBKR ACCOUNT\] It starts with a U.....Contact Details: \[YOUR PHONE NUMBER & EMAIL\]**Transfer Information**Company Name: GameStop CorpCUSIP: 36467W109Ticker: GME (Note: I'm currently trying with the GS2C, it should work but I can't confirm yet so I want to do my DD before posting on this)Number of Shares: XXXX sharesLot Acquisition Details:- AA Shares acquired on 01/01/1901 for $EEE- BB Shares acquired on 02/02/1902 for $FFF\*etc (you can find this in your statements)\***Receiving Firm's details**Name: ComputerShareDTC Number: 7807Address: P.O BOX 505005, Louisville / KY 40233-5005For the benefits of:Name: \[YOUR NAME\]Address: \[YOUR ADDRESS WITH COUNTRY, ETC\]Regards,Ape + +ON MOBILE APP (THE IBKR APP) + +**Step 1.** Click on the hamburger menu icon (3 vertical lines) on the top left of your screen. + +&#x200B; + +https://preview.redd.it/va6btxdkkqz71.png?width=1080&format=png&auto=webp&s=d5272ecc7f91c797c30911e1e2347f7081216ad1 + +**Step 2.** Once the menu open, scroll down to '**Account Management**' + +&#x200B; + +https://preview.redd.it/ik1da6dlkqz71.png?width=1080&format=png&auto=webp&s=0650d3017526068d466eeb247e9c28be00db59d2 + +**Step 3.** Click on '**Message Center**' + +&#x200B; + +https://preview.redd.it/hf02fmdmkqz71.png?width=1080&format=png&auto=webp&s=1d708d3cc797074fc0052e991c6d3ddad4dfa1f5 + +*The following steps are a repeat of the Web process.* + +**Step 4.** Wait a few seconds (long seconds, it takes time for the message center to load) and click on '**Compose**' then '**New Ticket**'. + +**Step 5.** Browse the list of option and select '**Funds & Banking**', it's the 6th option from the top. + +**Step 6.** Select '**Position Transfers**' + +**Step 7.** Time to write your email. + +>Subject Line - I suggest something like 'Outbound Request - DRS Transfer to ComputerShare'Body - Something like"Please proceed with an Outbound DRS Transfer based on the following information. Please note I agree with the associated fees for this transfer:**Account Information**Name: \[YOUR NAME\]IBKR Account: \[YOUR IBKR ACCOUNT\] It starts with a U.....Contact Details: \[YOUR PHONE NUMBER & EMAIL\]Transfer InformationCompany Name: GameStop CorpCUSIP: 36467W109Ticker: GME (Note: I'm currently trying with the GS2C, it should work but I can't confirm yet so I want to do my DD before posting on this)Number of Shares: XXXX sharesLot Acquisition Details:- AA Shares acquired on 01/01/1901 for $EEE- BB Shares acquired on 02/02/1902 for $FFF\*etc (you can find this in your statements)\*Receiving Firm's detailsName: ComputerShareDTC Number: 7807Address: P.O BOX 505005, Louisville / KY 40233-5005For the benefits of:Name: \[YOUR NAME\]Address: \[YOUR ADDRESS WITH COUNTRY, ETC\]Regards,Ape + +BONUS + +I always prefer to provide more information than probably required. That ensure I avoid the back and forward, the unecessary delays and other BS brokers can throw at me. As such, I recommend you attach a filled form to the email just to be safe. I've created a template that can be [downloaded on imgur](https://web.archive.org/web/20210914040348/https://imgur.com/gallery/y8uVaDs) + +AKA below + +&#x200B; + +https://preview.redd.it/r5etwedqkqz71.png?width=379&format=png&auto=webp&s=f761c7bb26c3eebec8dc24d8879c0cd5ba79476d + +/u/da_squirrel_monkey all credit to him for OG OG post + +The dd liveth. + +Ape historian. +This is common investor behavior, it happens in every asset class. The Dow went down yesterday as well for the same reason. There are good tax reasons to sell some profits in 2017 and pay the estimated tax early - to avoid penalties. Especially with Bitcoin Cash and the uncertainty of how that will be taxed. There are also a lot of investors who are going to report and pay taxes on everything they bought and sold in the crypto world. + +This isn't a "Crash" - this is normal investor behavior. + +This is also just my opinion, but I have been investing in many things over the past 2 decades. + +Happy New Year! +I heard many, many opinions on this and it's tough for me to decide if I believe in it or not. Some say they expect some crazy gains like 130k while others are a bit more conservative with expectations of around 80k-ish. Especially in this sub, it seems like every post has a different opinion; I see a post saying how we are going to pump and trust the process of a big end of the year and a few minutes later there is a post saying that there is soon going to be the peak and a huge crash is coming in the very near future or that BTC will very soon become a stablecoin and there is not too much room for profit investing in it. I belive BTC has quite a bit of time left ahead of itself before it becomes a stablecoin. In 2022 I definitely expect BTC to get to that magical 100k mark. Currently I'm leaning towards it being maybe in range of 85-90k for this year before going higher in 2022; 100k seems really far away for 50 days we have left in this year, that would be 30k+ from the current price which seems mental as we are currently at the time of writing this sitting at around 65k meaning that we would need a rise of over 50 percent which looks like too much for such a short period of time. Looking forward to hearing your predictions and opinions. +I see a ton of conversations here about LLCs and how to buy your first place and deal structure etc. I'd like this post to be more of a discussion on the overall potential of the residential market in general. + +I am starting to be concerned about the future of this market primarily due to population growth. I found he article linked at the bottom of this post, but like everything, it only reflects the opinions (supported by some evidence) of the author. + +Before even reading the article, I was starting to concern myself about the 'buy and hold no matter what' (within intelligent reason of course) that my mother advised me when I was younger. Now at 50 with an 8 door mix, i'm starting to wonder if the calculus is changing regarding that advice. + +I'm very curious if other long term holders are entertaining some sort of exit strategy as we are starting to see more and more evidence that population may not always grow, and that we may see population decline (and potential demand decline) sooner rather than later, possibly in the next 15 years or so? + +It's probably not a problem right this minute, but it may be soon? + +I yield to the floor. + +[https://www.riskconcern.com/post/declining-world-population-property-prices-new-real-estate-developments-still-a-good-investment#:\~:text=Such%20growth%2C%20coupled%20with%20a,real%20estate%20in%20undesired%20areas](https://www.riskconcern.com/post/declining-world-population-property-prices-new-real-estate-developments-still-a-good-investment#:~:text=Such%20growth%2C%20coupled%20with%20a,real%20estate%20in%20undesired%20areas). +Hey everyone, looking for ideas on where to invest some cash I've been sitting on for a few years. My goal is to make 3k-5k a month with this investment. I know to get that kind of return from 450k I'd need to buy in less than ideal areas but that's fine with me. + +I live in NYC so buying anything in my area is out of the question. I was thinking about a multifamily in Ohio, Michigan or Newark NJ. + +Please like me know what you all think about these areas since I'm unfamiliar, or if there's a better area to invest in. Also I don't mind taking risks because if I don't invest this money I'll probably end up losing it in the stock market anyway. I started with over 2 million a couple years ago and the 450k is all I have left. +This is not me. I just want you guy’s opinion. She had pictures attached of bites and the bugs and the ceiling that was basically a portion cutout and replaced with sheet rock sealed with some kind of insulator or foam. + + + +“I am a renter in Florida. I am always current with payment. Upon moving in i noticed the ceiling in the bedroom had been repaired. I asked the landlord and he assured me it was fixed properly and the "fix" was years ago. About 3 months after residing here i noticed what looked like a leak in the very same "fixed" ceiling. I tell landlord. He finally shows up last min and rips the ceiling apart. Leaves. Never returns. At this point termites are infesting my apartment. He must have disturbed them. They are EVERYWHERE! Even biting my baby. I tell landlord.... Nothing! Finally i am fed up and call code enforcement. They come. They violate him and give 30 days to fix roof. Now my landlord is upset with me. I explain to him that i just want it fixed. I then give landlord 7 day notice to cure or i am with holding rent. He threatens me with eviction and says the city is going to "red tag" the apartment(s) and I'll be homeless with my disabled baby. I hand deliver notice, he rips it in half! I dont pay rent on 1st. Now today the 3rd it rains. Im home with my son. And water gushes out of the "repair" on top of us. Now im really mad. On top of it I'm worried about breathing in toxic mold feom leak into walls/ceiling. I just want my last months rent + security deposit and I'll move. If its not fixed by the time the city said sept 1st, what happens? How do i get this resolved or get out of lease & get my $ back. Oh and he refuses to put us in hotel. Some one help us! Thank you for reading my long post” +If you inherited $1 million and your goal was to turn it it into $5 million within the next 10 years, what would you do? + +From my research I've found a few interesting options + +#1 Use the million as a down-payment for a $5 million mortage and buy commercial property in the heart of a city with high demand for office space etc. + +#2 Use the BRRR method to build a portfolio of houses + +#3 Invest in a couple of ETF stocks like the S&P500 and VTI + +#4 Invest in more aggressive ETF stocks like ARKK + +#5 Wait for A 50% market crash and go all in on a stock like AAPL or NVDA + + +These might be stupid ideas but theor the best I could find so far. + + +I'm sure most of you guys have more experience in investing than me so I'm keen to hear your opinions also +The title of this post is a bit of a loaded question, so let me expand: Over the past few months, I've spent as much of my free time as possible learning about real estate investing. Last week, I went to a real estate investors group and really hit it off with an agent. We agreed to work together, and given my criteria (multi-family BRRRR), it will be difficult to find good deals on the MLS. I took his word on this, and he said he will check with his contacts in wholesaling, etc. to see what is floating around. + +Given that he will be bringing me off-market deals, is there any way to see what other deals might be available on the market? My thought process is that everything is relevant - how do I know that his off-market deals look good, when I don't know what other off-market deals in the general location look like? (ex. the types of deals another realtor might bring me) + +Obviously I can crunch the numbers on paper to see if the deal looks good based on REI metrics, but I want to see if these deals look good in comparison to other deals wholesalers, realtors, or others might be looking at. + +Is it normal to work with other realtors, wholesalers, etc to see what else is on the market, or is the relationship with your deal finder generally an exclusive thing? I am still trying to figure out what is the norm and what isn't. +27 f, Ontario + +Wanting to start buying properties. I'm not interested in starting with single family homes. I've been looking into multiplexes, duplexes, condos and apartments. + +Im leaning towards multiplex simply for being able to reside in one, do some renos and then rent out the remaining units and reinvest in around a year. + +On the flip side though, I could purchase a couple apartments, live in one and fix up the others quickly and rent those. However after mortgage, association fees, insurance, there wouldn't be much left. + +Now my areas rent prices are at an all time high and just seem to continue to climb. I've always wanted properties since I was 18 and the US market was so low. Now being a little older with more money for down payments, I want to take the plung. + +Any outlook or advice appreciated. +What are some pros and cons in your experience or that you have heard of. Thanks + +As far as time and money getting a license is not a problem for me I’m single with no kids. +I currently own two homes and rent both out. I have positive cash flow on both, and have a considerable amount of equity. I'm thinking about buying an apartment complex somewhere in another state. I've heard some states have no state income tax (but maybe get their tax money another way? Like property tax?). + +I'm going to be selling both houses to put a huge down payment on an apartment complex somewhere, but I want to set myself up financially so I can pay less tax and have more wiggle room for profit. California is wayyyy too expensive to buy apartments, and I could get more units in the midwest somewhere, I think (though lower monthlies. + +&#x200B; + +1. What states are real estate (apartment) investor friendly? +2. How do I do my taxes if I live in California and own income property in another state? Am I taxed twice on the state level? If so, how do I avoid that? +3. A little off topic, but what's the standard percent a real estate agent should be charging to sell a house? My uncle has been in business for 45 years and charges 6% and I think that's insane, no matter which way you look at it. But he gets stuff sold pretty fast. + +&#x200B; + +Thank you all! +I have a rental that I lived in when I did a BRRR. Wasn’t the original plan but that’s how it worked out. +Before moving out I took a HELOC instead of paying for refinancing. With the rates being so low now I’m debating whether to just keep everything as is or refi. +Here are the details. +Current value $305,000 +Mortgage 139,000 at 5% +P+I per month $885 with ~21 years remaining. +HELOC $100,000 at 4% variable. +Refi all of it with a cash out at 3.75 - 4% cash out, investment property mortgage or just leave it as is. +The two combined would be about 79%LTV with refi cost. + +[View Poll](https://www.reddit.com/poll/h7m8x0) +If you have a HELOC set up with your bank and the market drops, does this change the value of your HELOC? For example, let's say I have $280k valued house with $80k HELOC, and the value drops to $250k, will I only be able to use $50k? Or would the back need another appraisal to change the amount? + +Here's the root of my question, is a HELOC a form of liquidity that can be used in market downturns, or is it strictly leverage and not as good as cold hard cash? +As the title states, I am about to add a number of properties to my current rental portfolio. + +**Current Holdings** + +(3) SFH (1) 4-plex + +Monthly Revenue:$8,500 + +&#x200B; + +**New Additional Rentals** + +(1) 15 plex + +(1) 8 plex + +(1) 6 plex + +Total Monthly revenue-$25,900 + +&#x200B; + +**Details** + +Purchasing these from my FIL. We have not settled on a price yet but will be well below market. Some of the units need renovations and updates. These will take up a considerable amount of my time. I currently work a corporate job where I am needed 8-5 M-F. I am making decent money $100k+ but not happy. Property management and rentals are my future. I know that it is the best bet for my family and our future for financial independence. Will these new properties allow me to make that jump sooner? + +&#x200B; + +My current thoughts are to take these properties and continue to work my full time gig. I can test the waters to see what kind of time these properties will require of me. + +&#x200B; + +Also, I may have the opportunity for a promotion. This would up my salary to around $150k but also take more of my time. + +&#x200B; + +All advice is welcome. +Hi all, currently looking at getting a flat and have finally saved up for the deposit and trying to figure out just how much extra over the deposit me and my gf will need to be able to pull the trigger. + +I know there will be solicitor fees and moving fees but are there any other large costs besides just the general appliance's that need to be factored in? + +Looking at flats costing about 90k so would having around 12k be a solid amount taking in consideration all the other costs? +“Over the last several days markets have been in turmoil over the new COVID variant omicron. However, data on omicron is sparse, information contradictory, and some media has been exaggerating risks and highlighting worst case scenarios,” chief global strategist Marko Kolanovic and quant strategist Bram Kaplan wrote in a note to clients. They pointed fingers at a “media blitz” on Thanksgiving evening, one of the lowest market liquidity points in a year, that sent growth-sensitive assets crashing. They took issue with a selloff sparked by Moderna’s CEO, who dashed hopes that current vaccines will work against omicron. They argued his comments have been “invalidated by reports from Pfizer, Oxford, the WHO and the Israeli Health Ministry.” + +Kolanovic and Kaplan said their clients are less worried about the variant and more about flight restrictions, which have included barring South African flights, but not European ones, where cases have also been spotted. They described assessments of omicron’s potential transmissibility as confusing at best. “In simple terms, when older variants are spreading via breakthrough infections, new variants will always appear to be significantly more transmissible than older ones.” They backed this up with a tweet by biomathemetician Gabriela Gomes. + +Early reports suggest it may be less deadly, and if confirmed in coming weeks, that could turn omicron into a positive for markets, said the pair. Kolanovic and Kaplan raised the possibility that a less severe and more contagious variant may crowd out more severe variants, potentially speeding up the end of the pandemic and turning it into more of a seasonal flu. That’s amid vaccines and a growing list of treatments to tackle COVID, said the strategists. “If the market were to anticipate that scenario — omicron could be a catalyst for steepening (not flattening) the yield curve, rotation from growth to value, selloff in COVID and lockdown beneficiaries and rally in reopening themes,” said the team. + +“Also, if that scenario were to happen, instead of skipping two letters and naming it omicron, the WHO could have skipped all the way to omega. As such, we view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes, and to position for higher bond yields and steepening,” said the bank’s strategists. Here’s hoping they’re right. + + **The buzz** + +Apple AAPL, -0.32% has reportedly warned suppliers that demand may be softer into 2022. Wedbush analysts lifted shares to $200 from $185, on optimism headed into 2022. They also see the “tech stalwart” as a “safety blanket” in a near-term COVID market storm. + +GlaxoSmithKline GSK, 0.03% GSK, +0.61% says its COVID-19 Sotrovimab antibody treatment is effective against the omicron variant, but based on lab test tubes. The U.S. has unveiled its plan for stricter COVID-19 testing on international travelers. + +WeWork shares WE, -2.65% are down after the co-working space group said it will restate financials and admitted a material weakness. + +Meanwhile, infections in South Africa, which raised the alarm over the variant last week, were at 8,561 on Wednesday, doubling in 24 hours. A top scientist in South Africa has warned that “more severe complications may not present themselves for a few weeks.” + +[https://www.marketwatch.com/story/the-omicron-panic-is-overdone-buy-the-dips-in-these-stocks-says-jpmorgan-11638447971?mod=home-page](https://www.marketwatch.com/story/the-omicron-panic-is-overdone-buy-the-dips-in-these-stocks-says-jpmorgan-11638447971?mod=home-page) +#**Wallets** + +The most secure way to access your cryptocurrencies will always be a hardware wallet. It should be a common practice to have control over your own private keys and not leaving funds on an exchange. — The most used and trusted hardware wallets are: + +- **Ledger** *(for all cryptocurrencies)* + +- **Trezor** *(for all cryptocurrencies)* + +- **BitBox02** *(for Bitcoin only)* + +- **Coldcard** *(for Bitcoin only)* + +#**Seed Backup** + +The 24 words that are the password to your funds should always be backed up somewhere. Don’t rely on hardware completely it can and will fail at some point. Make sure to keep the backup completely offline. — The most common seed backup methods are: + +- **A simple piece of paper** (Don’t print, use a pencil/pen) + +- **A metal plate** (It’s the safer method since it’s resistent to fire, water and earthquakes. Engrave the words yourself manually.) + +#**Data Leaks** + +Database breaches will always happen and it’s not even your fault. The best you can do is protect yourself against it by using the most secure tools on all ends. + +- **2FA**, avoid using your phone number, use Authenticator apps instead. Sim swap attacks are more common than you think. — There are countless authenticator apps out there: **Google Authenticator**, **Microsoft Authenticator**, **OTP Auth** etc. + +- **Mobile Provider**, you can request to set up additional security steps to prevent sim swaps. You shouldn’t rely on it, social engineering can still exploit the extra steps. + +- **Password Manager**, unique and strong passwords for all accounts are essential. — The safest and recommended providers are: **Bitwarden**, **KeePass** and **LessPass** + +- **Request Data Deletion**, request the deletion of your data from crypto companies. Especially from the hardware wallet companies. Leaks of personal information, addresses and phone numbers happened in the past before. +The DTCC waved margin requirements and faced no consequences. They did it once and they'll do it again on the next run. Will it go past previous highs? Maybe but that won't be the MOASS. They'll turn off the buy button. + +Here are the options that will be the start of MOASS: +I consider the start of MOASS to be 10,000. This price determination is pure speculation and should be treated as such. + +Option A (Main Way): +The most likely option. Total Recall. Gmerica uses the NFT marketplace to recall their shares from the DTCC. This forces the DTCC to scramble to find shares. The stock price will rocket. Bots will be at all time highs. Reddit will be down. MSM will admit the apes got it right and each boom in price will question or state the MOASS has occured. I can see this happening after the marketplace releases and the announcement a month afterwards. In other words, the end of August. + +Option B (The For Sure Way): +DRS. Another ape has tracked the rate of DRS increases. The whole float will be DRSd next year May 2023 based on previous data. I don't have it here link in comments would be appreciated. + +Option C (Oops MOASS my bad): +I'm fucking wrong. The marketplace and the companies associated with the launch cause the wombo combo with current DRS numbers. Setting the stock into the stratosphere (10,000) to start. Time limit on this will be end of July. If this occurs I'll dress up in an ape costume and deliver pizza to my local GameStop and film it. +It's considered a foregone conclusion here that the bull market is going to end within a couple of months and there'll be a crash. I agree that this is probably what's going to happen, but I'm not even considering trying to time it, despite the potential for big gains. Here's why. + +**Mistiming the Top is Costly** + +I'm sure there'll be a crash soon, so why don't I sell now? Simple - I don't know if it'll crash from $70k to $30k, or from $200k to $70k, or even more. I don't expect this to be like the 2018 crash - apart from the massively expanded retail investor base, we have institutions, companies, and hell, even a country waiting to buy the dip - any dip won't be as sharp or as protracted. + +I also don't think we've hit the euphoric peak of this bull run. Anecdotally, I and some friends who have been involved in crypto for a long while now refer to what we call the "dad index" - when all of our parents start asking for tips on crypto, or worse, telling us what crypto they think will do well, that's when we should sell. That hasn't happened yet. + +I personally have a terrible time timing the tops and bottoms. If you could time the tops and bottoms of crypto, you'd already be too wealthy to mess around on reddit. + +**I'm earning interest along the way** + +Between staking and lending, all of my crypto is put to use generating more crypto. Any potential profits from timing the top and bottom have to be considered against the loss of interest, which may not be significant for my BTC holdings, but for my some of my tokens with quite high staking interest? There's a good chance any profits I'd take would be smaller than if I had just done nothing. + +**The Taxman** + +I hate tax. Regardless of philosophical discussions about whether taxation is theft, I do not want to pay a single penny more than I have to my government, but I also understand that **you do not fuck with the taxman**. I have an exit strategy to minimise my tax liability, and so taking profits and having it eaten by Capital Gains is not something I'm interested in. + +With that in mind, good luck with whatever strategy you pick! +He’s in the Nic Carter Twitter chat room right now!!! And they’re about to pass the bill any minute!! + +Will update, developing story…. + + +Edit 1: 100% chance it will pass they have 64 out of 84 votes + + +Edit 2: Bill will go into full effect in 90 days + + +Edit 3: “Every business must accept Bitcoin” - President + + +Edit 4: “we want people to get familiar with bitcoin as a unit of account, 1 bitcoin=1 bitcoin” (in order to establish residency, need to invest 3 bitcoins into El Salvador, regardless of US dollar value) + + +Edit 5: The president is meeting with IMF on Thursday. + + +Edit 6: “We adopted the dollar in 2001 for investment reasons, we’re doing that on steroids with Bitcoin” + + +Edit 7: “This is one of the things, that we all have to get behind, for the future of humanity, this is a game changer for the world, people might laugh about the size of our country, it doesn’t matter, we’re dreaming for the future” + + +Edit 8: “You can use any wallet you want” there will be a government wallet/app developed by strike but not required. It will be as free as it gets. + + +Edit 9: Jack Dorsey CEO of Twitter and Square has entered the room!! + + +Edit 10: The dollars come to El Salvador from the Fed. The convertibility of dollars into bitcoin will be handled by the El Salvador government fund. El Salvador will buy the bitcoins from those who don’t want to take the volatility risk. Government will absorb the risk and hold the bitcoin. + + +Edit 11: Government of El Salvador uses lots of geothermal energy. They lose energy by transporting that energy to cities. They want to promote mining bitcoin with the renewable geothermal energy to reduce loss of energy and create monetary value. HUGE! HE GETS IT! + +Edit 12: “I’m going to focus on making this succeed, that will create a domino effect” + +Edit 13: Mark Cuban not allowed to speak + +Edit 14: CHEERS THE BILL HAS PASSED!!!! + +Edit 15: $150,000,000 Bitcoin will be held in the trust fund + +Edit 16: THIS WILL ONLY BE BITCOIN, NO ALT-COINS + +Edit 17: El Salvador trending on Twitter, lots of headline names in the chat. Eric weinstein (Thiel Capital), mark Cuban, Charlie Lee, Tom Anderson (MySpace), jack dorsey, ambassadors to nations. + +Edit 18: The presidents brother is almost in tears. “People on the floor are clapping, this is hope for our country, our country needed this” +[https://www.nokia.com/system/files/2021-02/nokia\_results\_2020\_q4.pdf](https://www.nokia.com/system/files/2021-02/nokia_results_2020_q4.pdf) + +The Finnish telecom network firm reported earnings per share of EUR 0.26 ($0.31) for the full-year 2020 compared with EUR 0.22 ($0.26) for full-year 2019. + +For Q4, EPS stood at EUR 0.14 ($ 0.17) compared with EUR 0.15 ($0.18) in the same period last year. + +The company’s October-December revenue declined 5% to EUR 6.57 billion ($7.89 billion) on a YoY basis, beating a consensus figure of EUR 6.42 billion ($7.71 billion), according to Refinitiv Eikon data [reported](https://www.reuters.com/article/us-nokia-results/nokias-fourth-quarter-revenue-beat-expectations-idUSKBN2A40N0?il=0) by Reuters. +So lately I’ve been feeling pretty bummed. About a month ago everything was great, I was close to paying off my car after 5 years of that monthly payment dominating my life, and was really excited about the future. Then a guy showed up at my front door and handed me a court summons informing me that Capital One was suing me. I called their attorneys to settle out of court, but the lowest monthly payment they’ll accept is almost as much as my car payment, and it will take 3 years. Such a bummer when I thought I was so close to being relatively debt free and actually having significant disposable income for once so I could save money and do fun things like travel. So now I’m considering filing for bankruptcy. + +Well, tonight I found out that one of my coworkers works 70 hours a week because he is like $350,000 in debt. Another coworker works 50 hours a week and estimates that he will be paying off his student loans for the next 40 years. + +And the thing is, I think most people are in a situation similar to that. Debt is part of the American way of life. But the debt I have is so insanely small compared to most people, and I can work 30 hours a week and still get by, even with this Capital One bullshit. It’s easy to think that people with more money, who seem to be doing better than I am, are totally happy and free, but in fact when people get more money they just go right ahead and accumulate higher monthly payments, and then they have to work even more. My goal isn’t to have more stuff, or bigger better stuff. My goal is to have as much free time as possible so I can do what matters to me, like writing, meditating, exercising, etc. + +Just remember, when everything seems like shit, a slight change in perspective can make you realize that things really aren’t that bad. +[NET WORTH GRAPH](https://i.imgur.com/VlfLGEF.png) + +My wife and I just passed a net worth of 1M. We currently live in the southeastern part of the U.S., but not too south. I'm 29, she is 30. + +Looking back, getting to this point was a mix of our hard work, other people's hard work, and quite a bit of luck. Also the last 18 months have been fucking wild. + +We haven't reached the finish line yet (w.r.t. our FI number), but I feel like a rock climber who's made it to a ledge, and wants to look back on where I was and how far my wife and I have come. Maybe it'll motivate others, maybe not. Maybe it'll just give someone another example of a privileged white guy in tech to cuss at when you're pissed...At least none of it was due to crypto. + +**Our Hard Work** + +* My wife earned a B.A. in elementary education, and has been a teacher for the last 6 years, now in the beginning of her 7th. Starting at $35k and $47k +* I earned a B.S. in Mechanical Engineering, and an M.S. in Data Analytics a few years later. Started at $52k base salary about 7 years ago, roughly linear raises to just over $90k up until last month, now at just under $120k. With bonus' around 5-10% since 2017. +* I discovered the FIRE idea/community around 2014, starting with MMM, because of course. Since then I have been attempting to make sure my wife and I are putting away a good portion of our income. I'm not too detailed about it, but our savings rate is somewhere in the range of 20-40%. We do not do a monthly budget, but I keep a spreadsheet and have an idea of what we're spending. Daycare is a lot. +* We bought our first house and moved in together in 2015, while unmarried. That's the first big widening on the NW graph. +* We have had two cats the whole time. We got our first dog in 2015, second (with parvo and ticks, treated and survived) in 2016. They're all still kicking and licking. +* We got married in early 2016. +* She suffered a miscarriage at the end of 2016, and had our first child in 2018. Had second child in 2020 at the beginning of the pandemic when everything was uncertain. +* After assessing our life and desires for us and our children in January 2018, we moved across country in mid 2018, bought our second home (second big widening on the NW graph), and started renting out the first through a property management company, seemed easier than selling at the time. Income on the rental started around $12k a year, now around $17k. +* I volunteered at a local community STEM organization for a year, and we both volunteered for a local church for a couple years. + +**Other Peoples Hard Work** + +* Our parents. My dad was a single father. I grew up lower middle/middle class, but we had what we needed and a little extra. My wife had two parents and a couple of sisters, grew up middle/upper middle class. We both grew up in the southwest. +* MIL was able to save up some money for my wife. When my wife and I met in 2014, the account was already at around $140k. Her mother also paid for her B.S., and therefore came out with no student loans. +* All the teachers, family, friends, and other acquaintances (and even strangers) that influenced and supported us over the last 30 years. + +**Luck** + +* We were both born in the U.S., to relatively healthy and financially stable parents +* My dad didn't make enough to directly help financially with college. A little over half of my B.S. was covered with grants due to my father's low income. The rest was student loans, and I worked for about a year part time earning minimum wage in retail during college (sidenote: It's crazy to realize that now I make more in 1 month than I made during the entirety of that year). I graduated and went into our relationship with about 30k student loans. +* The job I've had the entire time my wife and I have been together, I got because a family friend was a Director in IT, and hired me on at even though my background was not in IT. The company paid for 95% of my masters degree. And I was able to get a little over 4 months of parental leave, for each of our two children. +* The rise of the stock market, and housing market (especially in the last 17 months where our NW has doubled) compounded by the fact my wife came into our relationship ahead due to the account set up by her mother. I think due to that original $140k, roughly 35-50% of our net worth is because of her. +* Bought a house before we were married, luckily nothing went south there... + +**The Present** + +Asset Breakdown (1.46M): + +* Homes (2): $881k +* Other Investments: $378k +* Retirement: $153k +* HSA: $21k +* Vehicles: $18k +* Cash/Checking: $14k + +Debt Breakdown (427k): + +* Mortgages: 422k +* Student Loan: 4.7k + +**The Future** + +Because my wife and I are comfortable enough financially, and have the means to do so, we are planning to move out of the U.S., to Germany sometime in the next 9 months. We believe this is a better move for us and our family than living in the U.S. given the recent/current political, social, and economic climate (We lean left). We are learning German, and researching everything it will take to move, and transition successfully. It is not necessarily geo-arbitrage as our COL will be very similar, though daycare, schooling, and healthcare will be much lower so we're excited about that. + +My wife might also stop working soon to spend a little more time with the kids and get out of her less than ideal profession, especially due to recent issues with her administration. Perhaps even starts a masters program abroad as doing so here would be of no benefit, as shown by her current employer. + +We realize becoming expats will be a very large (potentially stupid) transition, and will also impact our NW quite a bit. But luckily we've made it to a point were we feel secure enough to take that hit. + +To me, that's what FIRE is all about, and why I'm drawn to it. At least the FI part. Putting in the effort early and consistently, so that later you have more freedom and flexibility to do the things you really want to do. + +**TL;DR:** Teacher and Engineer, went from 110k NW to over 1M in about 7 years, a non-trivial portion of it due to MIL saving up money for my wife. Moving to Germany in the next year. + +Also if anyone has advice, tips, or stories about moving abroad, feel free to post those in this thread :) +Just over a year ago, [I posted about my EFI “experiment”]( https://www.reddit.com/r/financialindependence/comments/3b98z4/phase_1_complete_i_quit_my_job_at_40/); I quit my job to become a stay-at-home dad while my wife (who earned more) continued to work. We were nearly FI, but I was becoming stressed out at my job, and my wife was overwhelmed with working her challenging job while also being “supermom” to our kids (8 and 9). Life was getting pretty miserable for all. . . and it didn’t need to be that way. + +I thought I’d post a bullet-list update to try to keep it brief. I'm happy to go into more detail on any of the subjects below (or anything else, really). + +* NW at Retirement: 1.8M +* NW Now 1.95M (mostly from wife's pension growth. . . see [here](https://www.reddit.com/r/financialindependence/comments/4adi6p/impact_of_benchmark_bond_yields_on_a_pensions/)) +* Home life is vastly improved. This alone makes it worth it. +* Wife: Stress levels dramatically reduced. There *has* been a bit of . . . envy, but not usually negative. She is very keen on FI and has maybe pulled in her retirement date from 5 years to 3 (so, age 43). +* Me: After nearly 25 years of doing what I am “supposed” to do, answering the question of what I “want” to do was/is much harder than expected and requires developing new attitudes and habits. Making good progress though! Volunteering more to start. +* Exercise is critical, your physical and mental health can really suffer in middle age otherwise. +* Kids are no longer in daycare and are only signed up for their 2 favourite camps this summer. Lots more “unstructured” time. Perhaps too much, will probably sign them up in music lessons this fall. +* Having kids to take care of during the transition is a big help, spending more time on them provides a good stepping stone to total freedom. Helps to prevent “the crazies”. I imagine retiring to an empty nest would be more of a shock. +* Went from 2 cars to 1, was nervous at the time but have absolutely no regrets. +* I do most cooking and cleaning now (she likes to cook on weekends). I like cooking and am getting good reviews. +* She doesn’t think I clean enough (she’s right, retirement doesn’t change everything!) +* I got a very part time gig in my field (10-20K /year, few hours a week). Keeps the brain active and plugs the hole in the resume if I want to go back to work. I find I’m not super passionate about it though, an interesting thing to discover. +* Freedom to say “no” allows me to be extremely frank and picky about what I sign up to in that job. I’ve recently seen more crass ways of describing this freedom ;) +* We were never extremely frugal and we don’t really intend to be going forward. We’re going for “sensible-but-comfortable-while-avoiding-the-big-consumer-traps”. +* We went from having no budget, while working, to a budget of $60k per year. We hit $69k but that includes a new water heater and we replaced all the windows in the house. I’ll call that a partial victory with caveats. +* A 20 year old house has lots of things come due for replacement all at once. Doing an inventory of all parts of your house and scheduling replacement dates for everything can be eye-opening. +* We found we still rely heavily on her benefits for dental, optical, physio. This needs to be taken into account, maybe up to 10k per year! + +Approximate details of assets when I retired, June 2015, Total $1,805K: + +* House Value ~350k +* RRSPs 525k +* Tax-Free Savings Accounts: $100k +* Registered Education Savings Program: $60K +* Commuted value of spouse's pension: $550k +* Other (after tax) Investments: $200k +* Emergency fund: $20k + +Approximate details of assets, June 2016, Total $1950K: + +* House Value ~350k +* RRSPs: 540k +* Tax-Free Savings Accounts: $110k +* Registered Education Savings Program: $60K +* Commuted value of spouse's pension: $650k +* Other (after tax) Investments: $220k +* Emergency fund: $20k + +If I exclude the house, the RESP and account for the tax implications of pulling out the pension early (which we intend to do) this leaves us with a ~$1.4M stash. 4% of that is $56k. That’s enough for a good life, so we’re FI, but my wife wants to work a few more years (between 2 and 5) since she still enjoys it, and build up a buffer, or maybe a cottage. + +The value of the pension is an interesting subject on its own, and [I wrote a post](https://www.reddit.com/r/financialindependence/comments/4adi6p/impact_of_benchmark_bond_yields_on_a_pensions/) about how, in a way, it’s an effective hedge against the market. + +I’ll wrap it up there: if you want more details AMA. + +Hey guys + +Looking to cut off just that little extra bit of (metaphorical) fat so to save up for a mortgage. + +I'll start: + +* meal prep - takes an hour or two. Went from $12-15/meal to $8-10/a day. +* run or walk shorter distances (2-5km). Good for my wallet and my body. +* make a grocery list before buying groceries. Again, good for the wallet and the body. +* always do a quick price compare online before buying anything substantial. +* buy quality, not the cheapest product. +* for longer term contracts (e.g. phone or gym), always haggle. +* if you get paid on the 1st of each month, set up regular payments to your savings and investment accounts for the 2nd. + +Anything else I'm missing? +Hey, anyone speak solar here ? I am getting some quotes to get a solar system installed at my place and torn between getting a 7.7 or 10 kw system. + +I am inclined towards 10 kw system as the cost difference isn't much. +Is there anything I should know in terms going for a higher capacity system. Like is there any disadvantage to it? + +May be in future when they start charging you for supplying power to grid ? + +Is it the case that its always good to go for higher capacity if you can. + +My quarterly bill is around 400 something + + +Thanks +I woke up this lovely sunday, grabbed my phone to check the time, and found that it had been remotely reset. wondering what was going on, I logged into my computer, opened my connected gmail account- and couldn't. At some time in the night, I had lost control of my gmail account. From that, I lost control of my facebook, linkedin, ebay and paypal account. I supposedly spent $3,450 between the hours of 4:32 and 6:21am, and sent numerous emails to friends and family telling them that I was trapped overseas and needed money. + +Thankfully paypal cancelled this, and after spending the past 4 hours on the phone to various service providers, I have learnt a valuable lesson. + +1. Don't use an easy to remember password. + +2. Don't keep your password consistent across services- if they have one they have it all. + +3. Change your password regularly. + +4. Get 2 stage verification set up on anything you can, especially paypal. + +I always believed that I was safe from this sort of crime- but it was an expensive lesson otherwise. Sure, I'll get my money back. But I also lost most of my day dealing with the fallout, and will likely be dealing with it for some time to come. + +Thanks for reading- now if you'll excuse me, I have to call my nan in the UK who thinks I'm in terrible danger. +I don’t know exactly when it started, why it started, or how it started, but we as a community started swaying away from relying on detailed analysis and checking for sources. + +Then, we as a community became quick to call one another a shill.. or when somebody had a differing opinion, or asked certain questions, we were quick to label it as FUD. + +Now, we’re at a point where people are feeling like they’re putting their karma at stake to ask important questions. + +What the hell? What has happened? Why isn’t anybody really talking about this? + +We as a community need to remember that the QUESTIONS THAT WE ASK, is what DRIVES US FORWARD. + +(BING BONG, THE FUCKING PRICE IS STILL WRONG.) + +Ask your questions. Poke holes in everything. Find the proof that our thesis is WRONG. + +Fuck y’all, have a good night, see ya in the mornin’. +I am new to investing in cryptocurrency. I have a bad habit of buying high and selling low. With the crypto-markets booming today, what would you invest $5,000 into if you were looking for a big return, not just the slow and steady gains of the household names that most know? It could be in multiple currencies or just one. +it just seems like an unnecessary hurdle for people to get access to housing since they don't check for income at lease renewals. + +take this for example + +January 1 - apply to $800 apartment and you need to gross $2400. you get approved + +July 1 - lease renewal, they are raising your rent to $1100 and don't bother checking if your income has magically raised to $3300 during this timespan + +plenty of their tenants are paying 50% of their income or more with all the rent raises. + +&#x200B; + +don't get me wrong, i fully understand ***on the tenant's end*** wanting to aim for something 1/3 of your income, but sometimes that can be a hurdle. for example, a lot of homeless people are actually employed. they will live in hotels that take up all of their income because their income doesn't qualify for an apartment that'd be half the price. being poor is very expensive. +Think to a place in the future in where months or a year from now, you'll look to these days where you didn't cash out. You made thousands, tens or millions because you had the nuts to hold when the cards were massively stacked against us. I won't lie, the cards have now stacked two decks. But we always have hope. Mark Cuban, DFV- The 20s Scarface (The world is his) , and the 8-10 million plus around the world who are with us retarded investors battling the system day and night. Think if you cashed in, you'd of given in to a system that keeps fucking you over day in, day out. You'll watch as everyone on here will make the paper bag, the biggest most of us will ever see. + +Its okay to be scared. I've been scared of a collapse for days, but that fear turns into strength. Fear, is what they want you to feel. But like apes, or the 300 Spartans, we are stronger together as one. They underestimate our power to virtually hold them hostage for what they've done. We hold the majority of shares, and were not going to stop holding and buying. They will run out of money soon, possibly again if were lucky. All we have to do IS KEEP HOLDING. They've rigged the markets for too long, the SEC sadly aren't on our side. Its time to show then where the bomb sights should be. Send them mass emails with evidence of corruption from the Hedgefunds. Keeo calling your attorney and show them the evidence. Do what you can to bring a fair game to the markets again. + +If the SEC sees this I am no way calling for market manipulation or cheating. I want a fair system for all, so we can all make the money and have all the bannaenaes in the world. SEC Investigators, look at the real targets. Melvin Capital , Robinhood , EToro , Citadel, and those in the White House. If we gain enough attention in the right direction the SEC will prosecute those who hide in the shadows. + +What keeps me going? A final thought. The picture of those in 2008 were waving and laughing at the protestors on Wall Street who were never brought to justice. Its about time we show the world that corruption comes from those above, not below. Godspeed apes, and God Bless. KEEP HOLDING, and if you can, KEEP Buying. 🚀✋💎 +Hey all, I've been lurking on this sub for awhile now and have acted on most of the basic advice I've seen, I'm sure you'll let me know what I missed. ;) I have little debt, live well within my means. I can put about 2k a month away after paying my bills. + +I'm in my 40s, Single, CF in the PNW and own a house. + +As the year comes to an end I'd like to get your thoughts on my current position and where I should focus for the next year or 5. Goals have always been difficult for me, in general I'd like to become financially independent and travel a little before I reach an age where that's not possible anymore. I've had a couple financial advisors in the past and was generally unimpressed by the stock printout they handed me as their "advice". + +I've put all my finances together in what I hope is an easy to read format here.[https://imgur.com/a/qnlEL9K](https://imgur.com/a/qnlEL9K) +edit: income is Bi-Weekly vs Monthly as stated - thanks all who pointed out the error. + +I'll try and respond to any clarifying questions y'all ask.Throw away for obvious reasons plus I'm a bit nervous throwing all this out there in general. +I need help. I’m having a conversation with my husband, we are in the midst of paying off some consolidated credit card debt at a medium high interest rate. My husband still uses the credit card as cash, but is paying “more than he spends” every month so the balance is still steadily going down. I maintain that it is better to NOT use the credit card and use debit instead, while paying off cc as quickly as possible (despite the 2% cash back he gets from using the cc). Can someone please explain who is right, and why, in simple old people terms? Thank you enormously for your help. +I’m looking for advice on financial advisors. + + To start Im am married and 21 years old. As of 2023 between my wife and I we will bring in around 160k before tax. We have zero debt except for our home. Currently it takes around $3200/month to sustain our lifestyle. + + I know investments right now can have a massive impact later in life. We currently are contributing only what our company’s 401k match is. I know We need to be investing a lot more and work on building a portfolio. + + I feel like there are so many avenues available I could over look something important or allocate money in the wrong places. Personally I have no issue paying an advisor I just want to make sure it’s a smart decision long term. I’m not looking for a get rich quick scheme just a safe return and retirement one day. Thanks! + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) 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!* +Background: Hi, I'm a mod over at /r/cscareerquestions, and sometimes-lurker here. I recently got frustrated by posters using cost of living websites somewhat naively to compare 'effective' salaries, and created [this thread](https://www.reddit.com/r/cscareerquestions/comments/6o0ypv/psa_cost_of_living_you_a_defense_of_big_cities/) as a response. /u/moneysloths then suggested that I crosspost it to this sub, so here it is. + +-------------------- + +*^By ^popular ^demand* + +Every once in a while here, someone helpfully points out that earning minimum wage in Smallsville is the same thing as earning ***one million dollars*** in San Francisco, and then I have to explain that handy dandy cost of living (CoL) data sites like [Numbeo](https://www.numbeo.com/cost-of-living/) or [Best Places](http://www.bestplaces.net/), while useful, don't tell the whole story. Nowhere close to it, in fact. + +Now I'm not here to argue that places like SF and NYC aren't very expensive (they are), but these websites often exaggerate the difference even so. Here's why you can't just take a salary from one area and naively multiply it by the difference in cost of living that a website tells you about. + +(For the sake of simplicity, I'm conflating big city with expensive city here, since those two attributes are usually correlated. I know that expensive small cities (Boulder) and cheap big cities (Detroit) also exist.) + +###Some things cost the same no matter where you are. + +Anything digital, like your Netflix sub, or all those cheap Steam games you buy on sale, same price no matter where you are. Almost any durable good that comes out of a factory, like your laptop or a car, same price across the country. For many nerds this constitutes a sizable amount of spending. + +### Some things are actually effectively cheaper in bigger cities, in both obvious and subtle ways. + +One of the more obvious ones is air travel, especially internationally. It's going to be significantly cheaper (and less time/headache) to travel overseas if you live in a metro with multiple major airports, like SF or NYC, than if you live in Des Moines. A more subtle one may be, say, 'shows', like comedy tours or concerts or plays. Living in a small city, you'll probably have to travel a fair distance, maybe even stay at a hotel in order to participate, whereas the person who lives in a big city can just wait for the tour to come to them. + +And here's an even trickier example: let's say you're comparing transportation in NYC vs Tulsa. BestPlaces, a cost of living comparison site, says that that category is more expensive in NYC. Makes sense, it's definitely more expensive to have a car in NYC, and the transit pass probably costs more there too. Except...transit is nearly always much cheaper than owning and operating a car, and relying on transit is much more realistic in NYC (transit mode share: ~57%) than in Tulsa (transit mode share: 1.4%). Essentially, what these sites can fail to account for is how *viable* different strategies or lifestyles can be, and the financial impact therein. + +### Most things that are good about cheaper areas can be had for more money in expensive areas + +...but the reverse is frequently not true: things that people move to big cities for cannot be had in cheaper areas at all. The most salient point here is, well, usually the biggest thing people cite in favor of smaller cities is the cost of housing, that they can get a big house for cheap. That's something you *can* get in bigger cities, it just costs much more, so that goes into the formulas. Conversely, many of the reasons that people cite for living in a big city, like walkability or cultural diversity or a feeling of "happeningness", simply don't exist in smaller cities, and can't be bought at any price. + +Ok, so what? Consider: if you *could* get walkability in a smaller city by paying a 'neighborhood service fee' of $200/month, that might get taken into account in a cost of living calculator, and it'd make the bigger city look better. But since it's not available at $200, or $500, or $10,000, or infinity dollars, it just gets ignored instead. You can't do a price comparison for something that doesn't exist, so they never make it into any formula, which again slants things against bigger cities. + +### Cost of living calculators use generic calculations that don't take into account *your* particular needs and wants. + +This is sort of a meta-point. Even if a CoL website accounted for all the problems above, ultimately it would still be a ballpark figure based on a hypothetical, average basket of goods. Fine for you if you're average in your spending in every way, but otherwise you need to think about your particular spending habits, and your particular values and priorities. Someone for whom the number one priority is owning a big house will probably be well-served by CoL sites and should target a smaller city. Conversely, someone who places a high priority on traveling the world would probably be better served living in a major city with a major airport or two. + +### Savings is CoL-orthogonal *if* the savings will be used after you move to a different city. + +This is most relevant for retirement savings: if you're not going to retire where you currently live, then it's the absolute dollar amount that you are able to save right now that matters, **not** the amount you're saving relative to your current cost of living. This means that living early in your career in SF tends to give you a life flexibility advantage, since moving will effectively increase the purchasing power of your savings, whereas the opposite is true if you saved money living in a cheap rural area. It doesn't matter if saving $5,000/year is a big deal and could sustain you for years in Middle-of-nowhere Arkansas, it's not going to be terribly useful if someday you do decide that you want to try out living in Boston instead. + +### Cool cool cool, but what should I *do* with this newfound insight? + +Using CoL sites is still okay for evaluating ballpark expensiveness as long as you're aware of their biases and shortcomings. If you want to, say, look at *specifics* comparing two different areas, create a rough budget based on how you would live (for more on that, perhaps check out [/r/personalfinance's budgeting tag](https://www.reddit.com/r/personalfinance/search?restrict_sr=on&q=flair:Budgeting&feature=legacy_search#res-hide-options) or their [budgeting FAQ](https://www.reddit.com/r/personalfinance/wiki/budgeting)) in those two areas. Numbeo's per-item breakdowns are good for this, as are the usual online tools and websites that let you estimate major costs: padmapper, craigslist, zillow, etc. With a budget in place, you can think both about your potential lifestyle in an area and its attendant costs, and also how much saving in that area would affect your financial future. +Original Post: +https://www.reddit.com/r/Superstonk/comments/plnnzd/i_beleive_coinb_is_involved_with_citadel_and/?utm_medium=android_app&utm_source=share + +Due to me editing in a link including the word + C----B--- leading to the CPO's profile on my last post with over 2000 upvotes the automod deleted my post as it was getting good traction in this sub. Anyway + +So after hearing a bit about CB on here and how CB's CPO used to work for Citadel I decided to dig a bit. + +I checked out CB's subreddit (r/coi-bas-)and noticed every single post is about people being locked out of their accounts, some for weeks, and funds taken out or missing crypto. And there are new posts every few minutes. + +After reading a few posts I came across a link someone had posted. It led me to a Facebook group called CB Corruption/Scandal Awareness with about 1500 members, they are currently pursuing legal action against CB and everyone in the group have their accountts locked or stolen. + +I Reached out to the Admin of the FB page and spoke to him for a good hour. I explained our situation with citadel and friends and how the CPO is now working for CB. + +I told him about the naked shorts, zombie stocks, the liquidation weve been seeing in the stock market and crypto and the important dates where we've had large spikes. + +He had never heard of citadel or any of what's going on and after reading my long ass explanation he was absolutely shitting bricks. He has told me that everything I said, and the dates involved are when his members had the most problems with their accounts and that there were way too many coincidences involved. They had done their own research but were missing alot of the puzzle pieces. + +He told me that so many dots were now connecting and he was basicly flipping out. He offered me a platform to make a highly detailed post for his group members but I havent posted one yet as I'm not sure how to unload this much information to people who have no idea or never heard of any of this without sounding like I'm crazy. + +As far as CB users know. CB has been feeding them this story about hackers hacking into their phones and chips in their phones to hack all their accounts. This is the narrative CB has been pushing apparently and they always thought it could be BS. + +Their customer support is non existant, some accounts have been locked 8 weeks or longer from what I've seen and their users are FURIOUS. + +The SEC shut down CB's Lending program they wanted to launch this month and threatened to sue them if the went through with it. The CEO made a huge stink about this on twitter calling the SEC corrupt and trying to turn its users against the SEC. + +I dont know much about crypto, but can this lending program be used to create counterfeit crypto? Is that even a thing?? I need more wrinkle brains to figure this out. + +I beleive CB is about to take everyone's money and implode. + +Edit: Earlier today a certain coin dropped very quickly, and I was told many accounts were unable to trade + +Edit2: If a mod or someone great we all trust with DD wants to give this Admin an interview I can try and make it happen. +I am developing my first model for a few months now. + +Whenever I think I know what I am doing I stumble on some pandora's box with heavy amount of knowledge. (I am from CS ,not finance). The amount of math required to have a strong grasp on developing strategy is staggering. + +My approach is to build ML(keras) model that predicts future returns. Based on these returns, simple algo decides if it is worth trading and decides how big the position will be. + +The amount of work to do this right (integration with exchange apis, cloud architecture, trading, backtesting, modeling, research) feels like a job for 5 people. How do you manage to run all of this on you own? Or did it actually take you a year to develop you own platform? +That’s it. It’s not a bet. But I need words to fill up this box. Again - if no one posts it before 1 PM on Labor Day (Sept 5, 2022 1PM EDT) I will buy the subscription and post the lawsuit here so we can all stop speculating. + +I believe this is all a smear campaign. + +Buy Hold DRS Change the World + +Update: + +Looks like u/SaucyCheddah was kind enough to pull everything. + +[SaucyCheddah’s post with documents in google drive](https://www.reddit.com/r/Superstonk/comments/x67r6i/heres_the_complaint_and_exhibits_filed_in_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +And I could miss out on another 3 months... + +Timing in the market is hard ! + +Edit: I have 10k I'd like to invest. Was silly enough to wait for a dip. + +Should I just transfer it all now or DCA? VGS +**Welcome to the Weekly Skeptics Thread.** + +This thread will be focused on critical discussion only. Since this is an experimental idea, the thread will be kept to a weekly increment and will not be stickied for now. + +*** + +**Guidelines:** + +* All critical discussion related to crypto is welcome. +* General discussion should go in the Daily General Discussion thread. +* Please report supportive or uncritical top-level comments. + +**Rules:** + +* All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. +* Discussion topics **must** be related to critical discussion about cryptocurrency. Supportive topics or comments will be removed. +* Since this is a skeptics thread, shilling will not be tolerated. Violation of this rule will result in temporary ban or even permanent ban. +* Unlike the daily discussion thread, the karma and age requirements are in effect here to to mitigate shilling. +* Comments will be sorted first by most controversial. + +**Resources and Tools:** + +* Click the RES subscribe button below if you would like to be notified when comments are posted. +* Consider reading through or contributing to r/CryptoWikis. r/CryptoWikis is the home subreddit of our CryptoWiki project which intends to give an equal voice to pro or con opinions on all coins, businesses, etc in the cryptocurrency. + +*** + +Thank you in advance for your participation. Enjoy! +Dave Kleiman’s estate just filed a claim against Craig Wright. The lawsuit was filed by Boies Schiller Flexner lawyers Devin "Velvel" Freedman (https://www.bsfllp.com/lawyers/velvel-devin-freedman.html) and Kyle Roche (https://www.bsfllp.com/lawyers/kyle-roche.html). It claims that shortly after Dave' death, Craig employed an elaborate scheme to steal between 550K and 1.1M bitcoins and other intellectual property owned by W&K Info Defense Research LLC - a Florida company Dave owned. + +The complaint publishes documents evidencing a long history between Craig and Dave, including documents demonstrating their early involvement in Bitcoin mining. Interestingly, while the complaint discusses Craig’s claim to be Satoshi, it seems to really focus on evidence Craig and Dave mined bitcoin – as Satoshi’s identity is irrelevant to whether Craig stole from Dave. + +Craig’s twitter silence is deafening... + +Complaint: https://www.scribd.com/document/372445546/Bitcoin-Lawsuit +Exhibit 1: http://www.lrb.co.uk/v38/n13/andrew-ohagan/the-satoshi-affair +Exhibit 2: https://www.scribd.com/document/372445131/Exhibit-2 +Exhibit 3: https://www.scribd.com/document/372445130/Exhibit-3 +Exhibit 4: https://www.scribd.com/document/372445139/Exhibit-4 +Exhibit 5: https://www.scribd.com/document/372445132/Exhibit-5 +Exhibit 6: https://www.scribd.com/document/372445133/Exhibit-6 +Exhibit 7: https://www.scribd.com/document/372445134/Exhibit-7 +Exhibit 7A: https://www.scribd.com/document/372445135/Exhibit-7A +Exhibit 8: https://www.scribd.com/document/372445137/Exhibit-8 +Exhibit 9: https://www.scribd.com/document/372445138/Exhibit-9 +Exhibit 10: https://www.scribd.com/document/372445144/Exhibit-10 +Exhibit 11: https://www.scribd.com/document/372445141/Exhibit-11 +Exhibit 12: https://www.scribd.com/document/372445140/Exhibit-12 +Exhibit 13: https://www.scribd.com/document/372445151/Exhibit-13 +Exhibit 14: https://www.scribd.com/document/372445147/Exhibit-14 +Exhibit 15: https://www.scribd.com/document/372445142/Exhibit-15 +Exhibit 16: https://www.scribd.com/document/372445145/Exhibit-16 +Exhibit 17: https://www.scribd.com/document/372445146/Exhibit-17 +Exhibit 18: https://www.scribd.com/document/372445149/Exhibit-18 +Exhibit 19: https://www.scribd.com/document/372445148/Exhibit-19 +Exhibit 20: https://www.scribd.com/document/372445150/Exhibit-20 +It gives me little faith in that those celebrating the price rise won't be freaking out in the inevitable market corrections that older hodlers are used to. +Celebrating buying houses, boats, flights home to see dad, all on the backs of newcomers adding small amounts of bitcoin to their holdings just seems wrong. +"Hey congrats on your 0.1 entry into the Bitcoin world. You should shoot for 1BTC, soon it will be out of reach" +"yay, next stop $10,000 and my new Tesla" +I get it, we can celebrate, but there are bigger and more substantial milestones to financial sovereignty than the getting rich quick culture that is potent here. + +Just some thoughts from an old subscriber. +We've never really had much of a spending problem. In fact, we're often spending averse. We might eat out once or twice a month. The last two movies we've seen in theaters were The Force Awakens and Rogue One. When we need clothes we hit up Goodwill half-off Saturdays. We only travel twice a year to visit family. We generally just find free things to do for fun like going to parks or heading out for a run, bike ride, or hike. We hang out at friend's houses for game nights, and use things like our zoo and museum memberships when we want to get out of the house. The only area where we really need to watch ourselves is on groceries. We use Mint and Personal Capital to track finances so we know where the money is going. Around here it seems like if you don't have a budget you're crazy. I know they can be very valuable for most people but is there anybody else like us? Or are we crazy? +The other day someone showed me a printout called "77 reasons not to invest". It showed what would have happened if you invested $10,000 in the stock market in 1926. Every year it lists a bad event that happened that year, and then the return on the stock market. + +I'm trying to find it online on google but no luck :( + +edit: Nobody has found it yet, maybe it was OC :/. People did find similar graphics though. If I ever see the person again I'll ask where they got it or if I can have a copy. + +I'm particularly interested in a discussion or agree/disagree input of millionaires (net worth), or finance advisers regarding the validity of these thoughts. Author T. Harv Eker emphasizes attending his Millionaire Mind Seminar, and also ends the book with saying that you should reread the book every month for a year. After the first 2 readings, it might not be too difficult to do it in a half day. BUT, I think even being exposed to the ideas, if you have never been exposed before will be helpful, at least in some degree. Here are the highlights of the 200 pages: + +&nbsp; + +**Money Blueprint** + +T --> F --> A --> = R Thoughts lead to feelings, leads to actions, leads to results. Therefore thoughts trickle to results. Change the roots of your thoughts and the fruits of your actions will soon follow. Your financial blueprint (plan for how money will come and go in your life, what your future will look like, financially) is a combination of thoughts, feelings, and actions. But really there is a pre-programming that occurs in your early life/ upbringing that come from three influences: verbal (what is said around you about money), modeling (what you saw while you were raised), and specific incidents (experiences). [I can comment if you don't get that.] + +P --> T --> F --> A --> = R Programming influences thoughts which lead to feelings, leads to actions, leads to results. [Note: "When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win."] There is an actual dollar amount for which many of us are programmed (and this can cause limitation). + +**17 "Wealth Files"** + +Ways that Rich people (extreme stereotype) think/act differently from middle-class and poor/broke people (extreme stereotype). The thought it commit these to memory so that you have them to draw from when struggling or facing an unwanted, pre-programmed thought emerging. There are also exercises that put the material into practice, but I'll skip those for now; if someone wants them, PM me or get the book. + +1. Rich people believe "I create my life." (vs poor: "Life happens to me." Play the role of the victim, justify their circumstances, complain). There is no such thing as a really rich victim. +1. Rich people play the money game to win (vs poor: just don't lose - have enough to pay the bills, or to be comfortable). Goal of rich is to have massive wealth and abundance. +1. Rich people are committed ("to devote oneself unreservedly") to being rich (vs. poor: want to be rich, but have negative thoughts of rich). "The number one reason most people don't get what they want is that they don't know what they want." Rich are fully committed; will do whatever legal, moral, ethical thing that it takes to have wealth. +1. Rich people think BIG (vs poor: small). The Law of Income: You will be paid in direct proportion to the value you deliver according to the marketplace. Your life is not only about you; it is also about contributing to others. +1. Rich people focus on opportunities (vs poor: obstacles). "Rich take responsibility for the results in their lives and act upon the mindset, 'It will work because I will make it work.' " Expect to succeed. Take educated risks; do research without stalling. Focus on what you want; focus on all opportunities. +1. Rich people admire other rich and successful people (vs poor: resent them). Your opinions make no difference about the wealth others have; they are dis-empowering you. Try on these characteristics: positive, reliable, focused, determined, persistent, hardworking, energetic, good with people, competent communicator, semi-intelligent, expert in at least one area. "Bless that which you want." +1. Rich people associate with positive, successful people (vs poor: negative & unsuccessful). The fastest and easiest way to create wealth is to learn from rich people. Energy is contagious: either affect or infect others & visa versa. +1. Rich people are willing to promote themselves and their value (vs poor: negatively view selling). Willing to promote oneself, products, services, and ideas - with passion and enthusiasm. Rich people are usually leaders and great leaders are great promoters. Leaders earn more than followers. You need to believe in your own value and what you have to offer people. +1. Rich people are bigger than their problems (vs poor: smaller & try to avoid problems). Secret to success is to grow yourself so that you are bigger than any problem. To move to the next level of success, become conscious of what is going on in your life; don't focus on the problem, focus on the size of you. The bigger problems you can handle, the bigger business, more employees, more responsibility, the more money & wealth you can handle. Focus on the goal. If you are unstoppable, anything and everything is available to you; choose it. +1. Rich people are excellent receivers (vs poor: poor receivers). Your feelings of unworthiness won't prevent you from getting rich; worthiness is just a "story." "If you say you're worthy, you are." Giving and receiving are two sides of the same coin (so "giving is better than receiving"--NO).; for every giver there must be a receiver. Not receiving can actually deny the giver of joy and pleasure. Rich people are more willing to receive. Rain doesn't care who gets it, neither does money. Rich believe in being well-rewarded for their efforts. "Money will make you more of what you already are." +1. Rich people choose to get paid based on results (vs poor: based on time). "There's nothing wrong with getting a steady paycheck, unless it interferes with your ability to earn what you're worth." Rich people believe in themselves and their ability to deliver. Never have a ceiling to your income. +1. Rich people think 'both' (vs poor: either/or). Rich people live in a world of abundance, the best of both worlds (even if it takes a little creativity). You can have your cake and eat it too. Money can be used over and over (passed on, maybe, but not depleted). +1. Rich people focus on their net worth (vs poor: working income). Millionaires ask & talk about net worth, financial value of everything you own, not "how much do you make?" Huge distinction - four net worth factors: 1. Income, working or passive; 2. Savings, keep some to actually create wealth; 3. Investments, the better you are, the faster your money will grow; 4. Simplification, consciously create a lifestyle with a lower cost of living so more is available for saving and investing. "Where attention goes, energy flows, and results show." Track your net worth. +1. Rich people manage their money well (vs poor: mismanage money). Wealthy people are not any smarter, have more supportive money habits. Money management promotes financial freedom. The habit of handling is more important the amount you are handling. Practice allocation: 10% into Financial Freedom account (only for investments and passive-income), 10% into "play" account, 10% into Long-Term Savings, 10% into Education (self improvement included), 50% into Necessities (cost of living), 10% into Give. +1. Rich people have their money work hard for them (vs poor: work hard for money). Money is energy; you can put in work energy or substitute investment energy to get money energy out of what you put in. "You become financially free when your passive income exceeds your expenses." Rich people think long-term, earning money for their investments to pay for their future. Generally buying for immediate gratification is an attempt to make up for dissatisfaction in life. "Rich people see every dollar as a 'seed' that can be planted to earn a hundred more dollars, which can be replanted to earn a thousand more dollars." +1. Rich people act in spite of fear (vs poor: let fear stop them). "Action is the 'bridge' between the inner world and the outer world." Don't wait for fear to subside. "The only time you are actually growing is when you are uncomfortable." Get out of your comfort zone, expand your opportunity zone, to move into a different wealth zone. "Training and managing your own mind if the most important skill you could ever own, in terms of both happiness and success." +1. Rich people constantly learn and grow (vs poor: think they already know). "Success is a learnable skill. Rich people understand the order to success is BE, DO, HAVE." Learn from those who have already been where you want to go. + +I hope that was helpful. I thought it would be useful to review and ingrain it by typing and to have as a reference. (I'm OP bringing it over from removed post in /r/finance ) + Hey guys, if you have not seen my Yolo post, here is a shot of the position at the time …. + +&#x200B; + +[YOLO](https://preview.redd.it/6bx6d3rm2fg91.png?width=807&format=png&auto=webp&s=cb3d24bf0a0bd8446e2a29b44a9c7bc945165041) + +...My inbox has been going absolutely insane, with people asking what my decision making process was and taking such a large position in a seemingly dying equity. The following is a summarization of my answer. + + +My Thesis on this Play is as follows - +I have been monitoring the stock ever since Ryan Cohen took a position. Although, it has been on my radar since January 2021, as it was one of 13 stocks that popped in sympathy w/ GameStop, and due to the basket swap ETF that those stocks were added to, it has been consistently running in tandem with Gme ever since. However this is the only one of those companies (other than GME) that Ryan Cohen has personally taken stake in.. + + +After the BBBY URN - ings disaster, the stock was pummeled and plummeted from around 15 bucks to around 7$ bucks. So Initially, I started seriously looking at it for a reversal play. However, After the aforementioned meltdown and a subsequent -50% day and news of the CEO stepped down, the stock was pounded further down into the 4s. + + +…Come to find out Ryan Cohen, (after acquiring 10% of the company in March) was again performing a hostile takeover, and had actually forced the overcompensated CEO out, while also being alotted three seats on the board. This is also after penning two open letters on behalf of RC Ventures, voicing his distain for the way the company had been running, it’s lack of profitability, and how it stemmed from the top down, as its corporate executives were highly overcompensated, and he proposed the sale of its spin-off company- “Buy Buy Baby”. This spinoff acquisition seems to be rolling, and a proposal of a hefty investor dividend from the proceeds has been initiated. + + +With GME as far and away, my primary holding, I am, and have been HEAVILY invested in Ryan Cohen. As an investor, I do not invest in companies with the conviction in which I invest in people. This theory of mine started with Steve Jobs / AAPL , back when I was 18 and the first iPhone came out, continued with Elon Musk in Tesla before they even had the first consumer vehicle on the road, and now Ryan Cohen, as he is tactically fighting to dismantle the forces of Wall Street that blatantly fuck the little guy. Not to mention the turnaround/pivot strategy in which he executing in GME. So naturally - his acquisition of equity in $BBBY caught my attention, and it soon became immediately clear that this was possibly the deepest value stock on the market. (Especially considering RC’s cost basis is $15, in addition to the millions of dollars worth of $60, $65, $70 and $80 strike call options he holds, expiring January 23.) + +&#x200B; + +[RC VENTURES BBBY HOLDINGS](https://preview.redd.it/6fyertmk3fg91.jpg?width=1170&format=pjpg&auto=webp&s=478d80696050b72babda6908d275b968acd075ca) + + +As GME was getting ready to split, I started seriously tracking and charting $BBBY to find a clear bottom, as I had/have supreme confidence that a serious turnaround is/was just on the horizon. +That said, it does not take genius to see the DEEP value, and spot a reversal play when a stock goes from mid $30s in March to sub $5 in June - even without the Ryan Cohen factor. + + +Again, $BBBY was one of the 13 stocks that had the buy button taken away when GameStop originally popped off in January of last year. All of those stocks are in a basket swap ETF that hedge funds use to short these stocks. The correlated movement is especially apparent when GME is in its FTD cycle - The one that has seen it consistently and predictablely pump from The bottom, to the tip top of the descending wedge in which it is currently in the process of breaking out of. But when is the next FTD cycle you ask? I’m glad you did, because it started last Friday, and runs into OPEX clearing at the end of August. + + +So again, these stocks move in tandem, and usually all pop one GameStop pops - or in the case of bed Bath and beyond in March when they announced a share buyback after hours in March 2022, BBBY actually acted as a catalyst for the rest of “meme basket” and bed Bath & beyond, GameStop, K O S S, AMC, and the rest of the Memes all had an exact correlating after hours pop. + + +So back to this play - I started seriously considering taking a large position leading up to the Gme split, as I anticipated a very solid pop in GME’s stock price, and a subsequent appreciation from BBBY, as it was literally, aside from the Covid crash, at its lowest point since 1996 - almost 3 decades. + + +I waited patiently to take the larger position, while playing the weekly five and six dollar calls, especially on Fridays, as they would usually have a VERY solid 0DTE run in that span of a few weeks. I actually hit another separate 2000% gain on a Friday, as the five dollar calls ran from .035-$.60+ - except I only had about $1000 in play at the time… either way, gains is gains, and that is when my eyes truly lit up to the probability of a massively historic opportunity here. + + +As things played out, $BBBY would go on to show a bullish divergence, and completely decouple from the indices. It reached 100% utilization, with several days of zero shares available to borrow on interactive brokers or FIntel. +Then last week I come to find out that they had shorted over 100% of the float. That is when I decided to take this risk, and look for an serious entry. + +&#x200B; + +[BBBY Short Percentage of Float](https://preview.redd.it/a0qkfrw44fg91.jpg?width=541&format=pjpg&auto=webp&s=8705b60271ccf02b2958658978c4855929a5d279) + + +After watching it for so long, the options prices were so ridiculously manipulated that I did not want to gamble on 0DTE, even though I had major success with it prior. So I bought one week out (not 2 1/2 as stated in the original post… I was super burnt out and my brain friend when making the post. My apologies)…. +Anyways, I do trade for a living, and rather than compulsively day trade, I look to set up monsters like this. So I guess it was a combination of skill and luck that I timed the bottom and my entry so precisely. + + +The stock gapped up the next Monday morning, and kept rising all week long. If you look at the chart, you will see a pattern of a big pop in the a.m., and then a slow steady rise throughout the rest of the day, with a very bullish finish. +So yeah, I just kept holding them, and they kept appreciating in value. I did put a shitload of time and effort into setting this up, and after Tuesday I was up considerably. Enough to feel comfortable holding as the entire float was sold short. +Eventually word got out and the options chain started going crazy. On Thursday there was an incredibly bullish finish and follow through, and Thursday evening, $BBBY was all over WSB. + + +Thursday 8/4.22 it closed at $6.12, and if it were to be able to close above $6.50 the next day, Friday 8/5/22 (It did), The entire float would be in the money via derivatives (It Is). That is a pretty intense situation considering the entire float is also sold short, as well as 100% utilized, meaning held by institutions insiders and retail. + + +Friday morning it popped off, and just kept rising. +So yeah… I would say a combination of skill and luck, but mostly just putting my money where Ryan Cohen does. +Again, he has millions of dollars in $60- $80 call options expiring January 23, as well as a $15 cost basis. He also holds the grenade that should act as a catalyst to send $BBBY to the moon, should any type of “MOASS” like Price action go down with Gme , but once again, at the very least, his cost m basis is $15, just about double what the current price is. + + +As one of, if not the best investor of my generation, as well as the largest single entity shareholder in $AAPL, I think it wise to closely monitor and follow his investments. + It is my hope that in addition to providing some DD on BBBY and why I believe it is a very bullish future, this post can serve to answer the hundreds of inquiries I have received, questioning my decision making process around entering the YOLO. + + +In closing, if you feel like you have missed out on this opportunity, **You could not be more incorrect, in my opinion.** As it is my opinion (and just that, my opinion - nothing else) **I believe $BBBY is one of - if not the best deep value play of 2022.** I wouldn’t go as far as saying it is GameStop2.0, but it is most certainly close, and if there was ever anything even remotely close, $BBBY is certainly it (again IMO). + + +For anyone interested in the statistics on short interest end all around holdings I would urge you to check out - w w w. byebyeshorts . c o m + + +In regards to the Yolo… + + +I Chose the strikes I did because they were closest to in the money, had the best Delta, & the least risk of incurring a substantial loss, should the price have had negatively fluctuated overnight. +I decided to Exercise what I could because I have supreme confidence that the stock price will go much much higher. Also for tax purposes obviously. HOWEVER - I believe the $BBBY stock price will reach between 60 and $80 if not more before January 2023 here is why…. +Much love everyone! Let’s get this sub Reddit back to what it used to be, which was a place to share information about profitable investments, and A hub for novice and experienced investors alike to help each other make money! So let’s make some fucking money, retards! + + +\*\*\*\*\*\*Also, this is 100% absolutely not financial advice in any way shape or form. I am literally a retarded person, and am more qualified to give open heart surgery than I am to advise anyone on this earth what to do with their money. \*\* +I’m 50yrs old. $17m NW ($5m real estate, $4m cash (I know this is too high but have been trying to position for a crash) and $8m in various diversified investments). Should be able to reach $20m NW by end of 2022. I have a (much) younger wife and a young family so am thinking about at a pot to last 65+ years. + +I’m in a HCOL area (expenses for the next 20 years will be around $450k and thereafter probably around $300k). I’m not a US taxpayer and live in a country where I will be able to receive all investment income (other than real estate) tax free. + +Totally burned out and hate my job. I feel like I should have enough and want to RE but am very nervous about the market as it feels like I’m probably going to retire at one of the worst times possible. + +For those close to retiring or have done so early, how are you thinking about the risks of retiring at what many predict is immediately before the mother of all crashes or hyper inflation? + +When you are modelling your retirement, what assumptions around investment return and inflation do you use? My financial advisor told me to to be conservative and assume 4% net of all charges and adjust for 1% inflation (as he allows for some erosion in real terms of the portfolio over time) giving a net net return of 3% per annum. +Hey Guys, + +I’m looking at moving my brokerage account as my current group appears to be reactive, slow and generally not very helpful. There appears to be very little strategy, just buy the dip, nothing personalized, no wrap-around services, just generally disappointed. + +Portfolio is about $1MM - I am looking for low cost as I really don’t need a lot of handholding. VTI / High Risk as I am in my lower 30s. Currently pay 1.06, hoping to be .80 or better. I use and value portfolio-based LOC - currently it’s LIBOR + 2 - hoping to get this or better. Maybe access to other types of private client lending, services, etc + +Looking at Morgan Stanley, TD Wealth, Schwab, Personal Capital - anyone else I should look at? Any suggestions? +***TL;DR:*** ***What action(s) has the new head of Enforcement at the SEC, Gurbir S. Grewal taken since assuming his role on July 26, 2021?*** ***We need regulatory reform to address the naked short selling and manipulation of our markets! Gary Gensler may want to enact change, but the entire self-regulatory system needs an overhaul before retail investors see substantial change in protective oversight.*** + +&#x200B; + +https://preview.redd.it/irvopv8s0d381.png?width=288&format=png&auto=webp&s=d7bba5427278628af979a3e3896dd90c1151f695 + +**Regulatory Capture** + +**Regulatory capture is an economic theory that says regulatory agencies may come to be dominated by the industries or interests they are charged with regulating. The result is that an agency, charged with acting in the public interest, instead acts in ways that benefit incumbent firms in the industry it is supposed to be regulating.** + +Regulatory capture has had an ever increasing impact on our financial markets. Financial regulators, like FINRA, DTCC, OCC, tend to consist largely of industry insiders, have overlapping interests with industry, and act primarily in the interests of those whom they regulate. Financial market deregulation, at the behest of the industry, in the run-up to the financial crisis, combined with the retention of taxpayers guarantees for banks and the dramatic series of monetary and fiscal bailouts, are widely believed to have contributed greatly to the U.S. housing bubble and ensuing Great Recession of the 2008 financial crisis. + +&#x200B; + +**Regulations Regarding Naked Shorting (USD GME shares)** + +[The Financial Industry Regulatory Authority (FINRA)](https://www.investopedia.com/terms/f/finra.asp) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and [broker-dealer](https://www.investopedia.com/terms/b/broker-dealer.asp) (BD) firms in the United States. Its stated mission is "to safeguard the investing public against fraud and bad practices. It is considered a [self-regulatory organization](https://www.investopedia.com/terms/s/sro.asp). + +The [Securities and Exchange Commission (SEC)](https://www.investopedia.com/terms/s/sec.asp) is responsible for ensuring fairness for the individual investor, and FINRA is responsible for overseeing virtually all U.S. [stockbrokers](https://www.investopedia.com/terms/s/stockbroker.asp) and [brokerage firms](https://www.investopedia.com/terms/b/brokerage-company.asp). The SEC oversees FINRA and acts as the first level of appeal for actions brought by FINRA. + +The SEC *banned* the practice of naked short selling in the United States in 2008 after the financial crisis. The ban applies to naked shorting only and not to other short-selling activities. Prior to this ban, the SEC amended Regulation SHO to limit possibilities for naked shorting by removing loopholes that existed for some brokers and dealers in 2007. Regulation SHO requires lists to be published that track stocks with unusually high trends in [failed to deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) (FTD) shares. + +*GameStop’s shares, GME, had a reported short interest (SI) of 220% of its float earlier this year (as reported in the Robinhood court documents). Short interest is the volume of FTD shares that have been sold short but have not yet been covered or closed out. Further to this, the* [*SEC report released October 14, 2021*](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) *on Equity and Options Market Structure Conditions in Early 2021 clearly recognized that GME shares were shorted more than 100% of its float (page 25).* *This is a clear indication of* ***naked short selling***\*, also referred to as creating synthetic or counterfeit s**hares. What has been done to address this?\* Nothing**\*.\*\*\* + +*Also note the definition of FTD - shares that have been sold short but have not yet been* ***covered*** or *closed out. There are many strategies to hide FTD through* ***covering*** *in lieu of closing positions, and there are many documented deep dives (DD) into how GameStop's FTD and short interest is much higher than reported due to the utilization of excessive derivative based covering strategies to hide the true SI and FTD of GME.* + +Reddit library of DD: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +&#x200B; + +***What is Regulation SHO?*** + +Regulation SHO, enacted by the SEC in 2005, established “locate” and “close-out” requirements. Rule 200(g) of Regulation SHO requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs. This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years. + +*Example: a BD was fined for mismarking 96% of a certain hedge fund’s short sale orders of two separate issuers’ stock, totaling more than $250 million, as “long” or “short-exempt.” This mismarking allegedly generated $1.6 million in brokerage fees to the BD. The effect of the mismarking was that the hedge fund was able to sell the securities short even though it already had a short position in the securities and did not borrow or locate additional shares to sell short. Of course, selling the stock can also drive the price of the stock down, resulting in short positions becoming more profitable and being detrimental to owners of the stock who are long on the company.* + +*Citadel, as a market maker, has to accept all buys and sells, gets a pass on many naked short selling rules. However, they have also been cited for misreporting short positions. For example, Rep. Vicente Gonzalez (D-TX) pointed out that in 2020, Citadel violated the Security Commission’s Reg SHO, the rule regulating short sales. On November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. Citadel did not admit or deny the allegations but paid the fine.* + +&#x200B; + +**The Manipulation** + +Manipulation is the “intentional interference with the free forces of supply and demand”. A manipulative trading strategy corrupts the market’s price formation process to generate a riskless profit (Jarrow, 1992). Stock market manipulators use a variety of devices, such as releasing false information about a company into the market, and employing trading strategies that impede the price formation process, such as naked shorting, wash sales, matched trades, and painting the tape; all of which inject misleading trading information into the market, to move market prices in the direction that benefits the manipulator (Thel, 1994). + +[***Financial regulators***](https://www.investopedia.com/articles/economics/09/financial-regulatory-body.asp#state-insurance-regulators) ***that are supposed to provide oversight of the markets to protect investors rarely enforce many of the rules. When the rules are enforced, the fines or consequences are so minor as to translate to a slight breeze in the face of a hurricane. Officially, it remains profitable to break the rules and just pay the fine. Market makers (MM) and short hedge funds (SHF) are known to treat the fines as just a cost of doing business.*** + +&#x200B; + +>Canada's self regulatory governance has its issues too: +> +>*The Auditor General has found the OSC regulator has* not *alerted the public to many potentially risky investments, and has failed to collect the majority of fines it imposed over the last decade.* +> +>Bonnie Lysyk says in her annual report that her office looked closely at 35 of the 2,029 cases between 2016 and 2021 that *the OSC took limited or no action on after being alerted to problems* by other regulators and whistleblowers. +> +>Lysyk's office found that in almost *half of the cases* it analyzed, the OSC had *sufficient information* to issue a warning about potentially harmful activity to investors, *but didn't.* +> +>When the OSC did find wrongdoing and imposed fines in other cases, the auditor general found the regulator often failed to collect money. +> +>Lysyk says another audit carried out by her office revealed the *OSC imposed $525 million in fines between 2011 and 2021, but only collected 28 per cent of that money*. +> +>***She says the OSC's collection rate is so poor in part because it*** **lacks the power to seize assets** ***from those with unpaid fines.*** +> +>*Note: This is from the Canadian Press. December 1, 2021. \[Link in comments\]* + +&#x200B; + +# TL;DR; No deterrent by way of regulatory oversight or fines for the manipulation in our market! More reason to Buy, Hold, DRS & 'Share the Story'! + +# If you can, on other social media platforms beyond reddit - 'Share the Story' of the Manipulation, the benefits of DRS, and the need for Regulatory Change! + +&#x200B; + +***Opinion Only. Not advice. Do your due diligence to make an informed decision that is right for you as an individual investor.*** + +*Edit: Removed message to shills.* + + DISCLAIMER *:* Information contained in this post has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein +What kind of fucking retarded shit is this, 95% of posts are about Nvidia, AMD, Tesla or Apple.Either it's retarded degenerate gamblers posting mad gains/losses or it's some fucking idiot savant that just found out Tesla's P/E is above 900.Could you just fucking STOP panicking about your shitty overpriced tech stocks, I don't give a flying damn. What about the 99,9999% of other stocks you shittards aren't covering or buying? + +"Ooh MaD gains thank you master elun" + +"OOh Tesla iis overPricCedD""OoohHh Tesla is the fUtUreE" + +"Don't buy Tesla or Apple every idiot and crackhead cashier is buying it" + +YEAH we know. YOU are the crackhead buying Tesla.Fucking DD means nothing to you shitheads does it? + +TLDR: Tech bubble, get over it you fucking homos + + +Thanks to popular demand (not really) my pos: EURN, EBR: PROX, EPA: SEV, AMS: AD, EBR: FLUX, EPA: UG +I hear a lot of talk about how food prices have been inflating over the years. My usual response to this is that if it is happening I don't see it. + +However, I decided to get a little bit more concrete. When I go shopping for groceries I always use my credit card (Chase gives 3% cashback for groceries). And I download and categorize ALL my credit card purchases. So I feel that this link fairly represents all my grocery expenses for 6 years. + +http://imgur.com/n5M5F.jpg + +Now, while it does jump around a bit we can see that from 2004 to 2009 the total increase was 4.3%. This works out to an inflation rate of .85% which is, in fact, perilously close to deflation rather than runaway inflation. Granted my n=1 however I'm a pretty consistent person and I tend to buy the same things over time. If there was general price inflation in food it would almost surely hit me. + +Plus, every now and then I think it is important to compile our own data from our lives to do a reality check on the data that is published by the government. +I don't fully understand how it is that the Fed can buy up the United States' Government's debt. Intuitively it just makes no sense to me. It seems as though the govt. spends beyond its means, and then promises to pay itself back later... which just doesn't make sense to me. One can only borrow money from someone who has it, and if you need to borrow it then presumably you don't have any to loan to yourself... so how does this work? I'd really appreciate a simplified explanation of how debt is working in this case. +I have been thinking hard about this lately. I do watch some YouTubers and I have realized that some of them invested in Tesla prior to 2019. Their return is astronomical. + +That led me to think about apple as well. Both are consumer products and have that “it” factor captivating the audience. + +I wonder what’s the next. Some say it’s palantir but I think it lacks that sexy appeal to direct consumers. + +ps + +Can’t edit the title. Im asking NEW stocks. Not the one listed above. + +Let’s not talk about Tesla’s PE ratio. + +pps +Thanks for sharing your opinions. Some think it’s silly but I think it’s valid. I listen to earning calls and try to evaluate companies from financial perspective as well. But we can’t deny the fact that popularity and a fan base play a big role as well. + +Just trying to find a jackpot and maybe invest 1% of my portfolio. + +Ppps +I added Spotify because I thought it was one of the market disruptors. It may not have bright future as other companies but I do think it changed “the game”. + +Searching for extremely undervalued/unpopular stocks in early stages but will have explosive growth And become a household name. + +Gracias +I've managed to save money for the first time in my life (just stopped spending as much during the pandemic) and have built up a nice little egg (bout $50K) which is just being kept in a savings account. I've heard this means I'm losing money because of inflation (which makes me feel like a fool getting excited over $50 interest every month . . . I am a low earner hahah so even $50 excites me). My savings won't be growing as much as it has any time soon because I lost my main job so now it's just sitting there getting $20 deposited a month so ING still pays the interest. + +I come from a poor family and am pretty financially illiterate so I have no clue what to do with this savings. Is there an alternative method where I can just pop most of this money in and then forget about it for a few years and let it grow? Any leads or tips would be great. + +I'm not very smart when it comes to money or numbers but I'm starting to feel embarrassed over leaving that money in the bank. Help? + +EDIT: Would also love it if anyone knows any organisations that can help work out this sort of financial stuff either cheap or free . . . I'm Indigenous and have a disability, and I know there are orgs out there that help with other stuff for the disadvantaged but have never really seen anything about teaching financial literacy. + +Can someone take a look at this. I feel like I'm missing something or did I actually find a great deal? Here's the exact breakdown: + +purchase 440k + +25% down + +property taxes 3800 + +insurance 1600 + +mortgage is 2182/month including taxes, ins, lawn care + +estimated maintenance 1500/year + +Gross rent comes out to 51,600 currently + +Leaving me 43k & change to cover the mortgage. + +After all the bills are paid im looking at 16,800/6=2800/12=233/door + +What are your thoughts? Am I missing something? + +UPDATE: I was given a tip to look up the property on the tax collector website. The actual tax bill is 4150 and the property is not benefitting from any reductions according to the website. Thank you to all that have contributed. Im going to call the realtor now and clarify that tenants are responsible for utilities. + +Update #2: Using the calculator provided on the county website and using the "market value" it appears taxes will be 6,700. YIKES! Thank you for all the input. I'm going to re-run all of my numbers tomorrow accounting for this and Im going to figure out a calculation to add in my major items for replacement in the future (roof, hvac, ect) +IF it still cash flows decent I will be looking to make an offer. Got quoted 5.5% commercial loan 20% down. Is anyone else seeing better rates? +Hey REI's! One of the big rules to investing championed by most is never spending the principal. In the 08 crash the people who lost everything did so by losing their homes and all the principal in them. If you held on through the recession and managed to keep your principal you would be fine today or even be in a pretty good spot. So my question is this. How do we invest in a way that produces good returns but does not put you a position when the market goes down that you may be foreclosed upon and lose all that principal? Obviously buying all cash and greatly under market deals but are there any strategies or built in calculations you guys use when analyzing properties with doomsday scenarios in mind? +To all the landlords on this forum, how many rentals do you own? can we get a breakdown of how much cash flow you get from your buildings each year? + +What is your path of building wealth in real estate if you make 5,000 after expenses and paying debt on one building as an example ? + + +I recently left Chase retail business banking after 20 years because I felt like it had become impossible to operate on a daily basis. On average we have 1000 transactions a month. I frequently use wire transfers. Make large purchases. Over 10k a day. And frequently withdraw cash. Sometimes 5k at a time. + +It got to be untenable. Every time I would swipe a card for something over 5k it would get declined for security purposes. I'd have to confirm via phone call not text. I would constantly contend with daily limits. We can raise your daily limit to 10k but only for the day. + +Cash was easier with Chase. You could withdraw 5k with an atm card as long as it was done in the bank. On average I'm pushing a million a month through the operating accounts. I repeatedly called them and explained that this would not work for my daily operations that had to do something about their system. My requests fell on deaf ears so I closed my accounts and moved to Bank of America. + +My initial wire into this account was 2 million. I've made 3 wire transfers and 2 other transactions since opening it. + +Today I had a wire due before 5pm. I answered every verification text at every box which is 3 times for initiating a wire. I confirmed the image they sent me after it authorized. And you know what after all of that they put the wire on hold. Blowing the transaction. + +Then they told me the max I could take out of an atm ever with a card is $1500. If I wanted more than that I had to go to a teller. Not a big deal normally. But every B of A location in my city has been closed for covid for over a year. They have a new thing now called video banking. + +I'm at a loss. There are companies far bigger than me probably initiating a 100 wires a day. Writing thousand of checks a month. ACH, petty cash. + +Everytime I talk to customer service at these places they said it's for my security which I get but it actually impedes my ability to operate on a daily basis. + +I asking this here bc many of you run your own businesses. Have high dollar accounts. Am I missing something here? Does everyone still use Amex? Or this just how modern banking is now? Completely intolerable. If you are someone with an easier experience? Where? +Right so i have seen few of these posts and im in the same boat , applied for credit cards at 18, t hought " wooooh free money " maxed it all out , due to reasons did not pay for a while , now everything is in default, my credit score was literally at 0 . I have been clearing everything off . My credit score went up by 400 at the moment however i did try to apply for credit card jsut to start building it up but im getting decliened everywhere. + +So i know the defaults do stay for 6 years but when does the time start ticking from , is it when my balance at 0, is it from when it turned to " defaults " + +Also am i basically \*\*\*\*\*\* in my future for mortgage,credit cards etc, im only 20 at the moment so entire life ahead but as much as ive been reading by having something in default ruins a lot in your life. + +And i am very close to have everything cleared off , hopefully by end of the year everything is at £0 +Jerome Powell, who guided the Federal Reserve and the nation’s economy through the staggering and sudden Covid-19 recession by implementing unprecedented monetary stimulus, has been nominated for a second term as chairman of the U.S. central bank. + +President Joe Biden made the announcement Monday morning following weeks of speculation that a push from progressives might see Fed Governor Lael Brainard get the spot. + +Brainard instead will be vice chair of the board of governors; she had been widely expected to get a separate vice chair for supervision post, which oversees the nation’s banking system. As vice chair, she would succeed Richard Clarida, whose term expires Jan. 31, 2022. + +“As I’ve said before, we can’t just return to where we were before the pandemic, we need to build our economy back better, and I’m confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before,” Biden said in a statement. + +The nominations next head to the Senate for confirmation. + +In making the decision, Biden praised the Powell Fed for its “decisive” action in the early days of the pandemic. + +The Fed rolled out an unprecedented array of lending programs while also cutting interest rates back to near zero and instituting a monthly bond-buying program that would increase the central bank’s holdings of Treasurys and mortgage-backed securities by more than $4 trillion. + +“Chair Powell has provided steady leadership during an unprecedently challenging period, including the biggest economic downturn in modern history and attacks on the independence of the Federal Reserve,” a White House statement said. “During that time, Lael Brainard – one of our country’s leading macroeconomists – has played a key leadership role at the Federal Reserve, working with Powell to help power our country’s robust economic recovery.” + +Though Powell carried the day, it was not without controversy. + +The Fed has been under fire lately following an ethics scandal in which multiple officials engaged in trading stocks at a time when the institution was implementing policies aimed at boosting markets. Powell disclosed that he owned municipal bonds, which the Fed also was buying, and he also bought and sold funds tied to the broad stock market indexes. + +At the same time, the Fed has been hit with inflation running faster than it had anticipated – in fact, at the sharpest pace in 30 years. Official Fed policy since September 2020 has been to let inflation run somewhat hotter than the standard 2% target if it allows for full and inclusive employment, but prices have been rising well above that level. + +Powell has held to the line that inflation will cool off once factors associated with the pandemic return to normal. But the recent readings have raised questions about the so-called average inflation targeting that signaled a historic turn in central bank monetary policy. + +The inflation also has come with a rapid economic recovery and a decline in the unemployment rate from a pandemic peak of 14.8% to its current 4.6%. + +The White House statement said the recovery is “a testament to the success of the President’s economic agenda, and it is a testament to decisive action by Chair Powell and the Federal Reserve to cushion the impact of the pandemic and get America’s economy back on track.” + +Brainard emerged as a key force in the race over who would carry the Fed through the next four years. She has taken point on several issues important to the Biden administration, particularly the need for the Fed to brace the banking system against disruptive climate change events. + +A former undersecretary of the Treasury during the Obama administration, Brainard also has been a strong proponent of a digital dollar. + +The White House statement stressed the importance of progressive for the Fed in the years to come. + +Biden said that Powell and Brainard “also share my deep belief that urgent action is needed to address the economic risks posed by climate change, and stay ahead of emerging risks in our financial system.” + +“Fundamentally, if we want to continue to build on the economic success of this year we need stability and independence at the Federal Reserve – and I have full confidence after their trial by fire over the last 20 months that Chair Powell and Dr. Brainard will provide the strong leadership our country needs,” he added. + +Political pressure, and a Covid struggle +President Donald Trump appointed Powell to the position in 2018 in somewhat of a surprise. Trump chose to pass over then-Chair Janet Yellen, an unusual move in that Fed leaders are rarely removed after just one term. Former President Barack Obama initially appointed Powell to a 14-year term as governor in 2014. + +Though Trump nominated Powell, he later fired withering criticism at the Fed chief when the central bank raised interest rates seven times in 2017 and 2018. The former president went as far as to call the Fed policymakers “boneheads” for trying to normalize policy as the economy recovered. + +As for Brainard, she is now widely expected to be named vice chair of supervision, a key Fed post to oversee the nation’s banking system. + +The Fed is empowered by Congress to fulfill two mandates: Maximize U.S. employment and keep inflation stable. Its leaders, known as governors, are nominated by the president and vote on how to adjust interest rates, regulate the nation’s largest banks and monitor the health of the economy. + +To combat the spike in unemployment and recession that began in the spring of 2020, the central bank slashed interest rates and began buying some $120 billion in Treasury bonds and mortgage-backed securities every month. It also instituted a variety of lending programs aimed at keeping fixed income markets functioning after they endured significant stress at the beginning of the pandemic. + +Economists credit that quick and sizable response for stabilizing financial markets and later repressing long-term interest rates. Lower interest rates make it easier for corporations to take on loans to build new factories, or for individuals to buy homes or cars. + +“Under Powell the Fed has placed more emphasis on having the economy operate at maximum employment,” Mike Feroli, chief U.S. economist at JPMorgan, said via email. + +“This is a goal progressive economists have long advocated and a goal which is presumably consistent with Biden’s agenda.” + +Treasury Secretary Janet Yellen, one of Biden’s top economic advisors and a counselor on his Fed nominations, told CNBC earlier this month that she is happy with the Fed chief’s work. Yellen was the first woman to serve as the Fed’s chair and is the country’s first female Treasury secretary. + +“I talked to him about candidates and advised him to pick somebody who is experienced and credible,” Yellen said. “I think that Chair Powell has certainly done a good job.” + +Powell is also popular on Capitol Hill, where lawmakers on both sides of the aisle have praised his leadership and amiability since he took over for Yellen in February 2018. + +The news is likely a disappointment to progressives including Sen. Elizabeth Warren, D-Mass., who said in September that the Fed’s role in relaxing banking regulations in recent years makes Powell a “dangerous man” and that she would oppose his renomination. +I don't want to discuss circumstances, and yes I will be trying to meet with a lawyer ASAP, but I wanted to get a sense of what options there are to transfer money in this regard? Just so I can start thinking about it given I don't have a lot of time left to act. + +I have a 13 yr old little brother who I would want to have my money for college purposes only. I thought a 529 would be good but it looks like that's not the case b/c if you die you need to designate a successor and I would not want that to be my parents because they'll steal the money. + + + +I also would want to try to minimize his tax burden / "apparent income" b/c my family is broke as shit and I want him to be able to afford college so I don't want this to be something that ruins his financial aid. I'm talking that I have about $7~10k right now (depending on how long I am around, it will be at the higher end), that I soon won't be needing anymore and I feel bad that I won't be around anymore to help him :( + +tl;dr best options for leaving money for sibling to attend college? +Or who wants to help me come up with one? + +When I used to work on Wall Street in NYC, I always had a well-thought-out, well-crafted elevator pitch for whatever play we were working on at the moment. I would drop it any time somebody wanted to talk about the market casually. + +But, to be honest, the whole GME scenario is pretty complex and lends itself to sounding like delusion. That is to say, it's not easy to explain to the average investor, who tends to be a bit cynical. + +Edit: Some great replies in here. Thank you! +We are in the final push to RE and are evaluating shifting our risk strategy. + +* Us: Family of 4 (45,44,9,7) +* NW: \~$10M ($8M invested, $2M home equity, $700k remaining mortgage) +* Investments: 70% stocks, 15% REITs, 15% Bonds (70% US/30% ex-US) + +We're gearing up to retire in 5 years. In that time, we will fully pay off our mortgage and possibly added $1M - $5M in new capital. On the spending side, I anticipate a spend of $240k/yr in retirement. Given this, we are very likely to be looking at a sub 3% WR. I see two paths that we can chart over the next 5 years. + +1. **Risk On**: We absorb all the volatility of our current equity position and hope that the markets keep going up and to the right. We retire with $10M - $20M invested. From there, a 50% haircut doesn't really matter as we're drawing down \~4% at much more manageable multiples. +2. **Risk Off**: We take some chips off the table and make a meaningful shift to more stable assets. That starts with selling some of our equities, paying off our mortgage, upping our bond allocation, and perhaps sprinkling in some gold / commodities. We would then be allocating that extra $60k / yr to stable investments. In this scenario, it starts to look more like the All-Weather portfolio and tapers down on down-side risk at the expense of upside. + +I'd appreciate the thoughts from the community who've had to make the choice themselves. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +As the title says, I got a ridiculous 1099 from Acorns for no dividends, qualified dividends, or gains or losses for over $1. I know that the IRS calculates tax in $50 chunks but if I run it thru turbotax and see no change in my refund is it necessary to amend the return? + +EDIT: Honestly only expected a handful of responses to this when I posted it this morning as I was drinking my coffee, but damn thanks everyone! Appreciate the advice! +Apologies if this isn't the right subreddit but I couldn't think where else to ask. + +This morning my postman knocked to ask us if we were willing to accept a letter, which had our correct address but no name on it. The letter required was sent 'signed for', not sure if that's important. We thought someone had just made a mistake leaving off the name so said sure. + +I've looked the item up on Royal Mail tracking and I can see it was posted yesterday in Essex, which isn't an area we have friends or family. + +Inside the envelope was a folded piece of paper and a River Island gift card. Nothing else. Is this some kind of scam? + +EDIT: Thanks for the help everyone! I've contacted River Island customer services (had to use email as their phone line was unhelpful), given them the details of the card and asked if it's fraud. I definitely won't be trying to use the card and will keep a look out for any other letters/parcels without a name on them. +I've had it with the: "Go with an index fund from Vanguard"-comments. It doesn't matter if you're in a thread discussing fundamental analysis or pitching a stock that you've been working on. Those comments are everywhere! + + I agree with the persons saying that index tracking is the "safe choice". I think that most of us agree on that point. Many of us are not here for the "safe choice" though. We're here for new ideas, interesting discussions and because we're hungry to learn more about the market and how to operate in it. + + Investing is so much more than index tracking. Investing is about sitting with your nose in form 10-K's/10-Q's/13-F's until your collapse over your desk from tiredness. Investing is about finding the bargain that turns out to be a ten bagger. Investing is about being wrong sometimes and admitting it. Investing is about the thrill you get when you bitch slap your benchmark index (on a risk-adjusted basis that is). + + So, I say to you r/investing, let's save the: "Go with an index fund from Vanguard"-comments for when they're needed. Don't drop by threads discussing fundamental analysis with a: "Eh, I don't think you guys can beat the market. Go with an index fund from Vanguard". Contribute with some wisdom you've earned through your time of operating the market, an appropriate quote from a legendary PM or something other useful. + + Let me end this meta-post with a paragraph from David Abrams essay in the latest version of "Security Analysis": + + "And so, to the aspiring young analyst, I can tell you that the answer to the question of the market's efficiency or lack thereof is clear: The market is inefficient enough. "Enough for what?" you ask. Inefficient enough for me - and you - to find some great opportunities from time to time. Not every day or every week, but often enough. The Great Illusion persists, leaving plenty of opportunities for those who wish to do the hard, sometimes boring, and often tedious work of value investing. Happy hunting!" + +*I'm a total idiot - everything described below is my fault Mocking my idiocy is also acceptable* + +I posted last week that I didn't get paid in April, not great. Here is what happened, any advice? + +I had my current account with First direct. + +Three years ago I switched to nationwide using current account switch. + +Last year I switched to Nat West. Yes switch bonuses were involved. + +I foolishly did not update my payroll at anytime and have continued to be paid due to the Current Account Switch Guarantee. + +In March my salary seemed to go: Bank of America => FirstDirect => Nationwide => NatWest + +and landed ok + +In April the 3 years from my switch to First Direct to Nationwide passed. I haven't been paid for April. + +Bank of America have provided proof they send the salary to First Direct - including trn # etc. + +First Direct have no record of the this. BOA have been unable to get any response from First Direct + +I have updated Payroll and will continue to chase but has anyone any advice? + + +**Update 1: Escalated to FD. They have acknowledged they did receive my salary. Just not sure what happened next. They assured me they would come back to me today** + + +**Update 2: I've been paid!! FD located the payment and forwarded to NatWest. They don't know why this happened. I have updated Payroll** +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.) +My partner and I have been together for 10 years but have always had seperate finances. + +We own an apartment in Melbourne together and we split our costs down the middle these days with the help of Splitwise. + +Now I’m pregnant and going to be a stay at home mum for the first year, so we’re looking to combine our finances. + +We have a similar approach to money and communicate well about what we spend, and have a 100k redraw buffer on our PPOR, so we’re both feeling confident about combining our forces — we just have NO idea how to do it! + +Does anyone have any tips? We both use ING and have a combined loan with UBank. Should we just make all our accounts (everyday/savings/credit) combined? Should we just have a combined everyday connected to our other accounts? Combined savings only? Ahh! + +Any thoughts from other couples who have been in a similar position are very much appreciated! + +Edit: I should add that he has 30k in shares on his trading account, and I have 13k in ETFs on mine. We both have about 8-10k in savings each for when baby comes. Not sure what we should do doing with those to minimise taxes. Home loan has about 300k left, with a min repayment of $1500 pm (we pay about double that atm). +Title, basically. Looking for youtubers that give actual, good advice, couldn‘t find a list in the FAQ so i am making a post. Started watching ,,claytrader‘‘ a few days ago, got a good feeling about him. Anyone agree/didagree? Any others worth watching? +It’s fascinating to watch the richest and most powerful people in the world bang their heads against the wall. They’re completely powerless in the face of buy, hold, DRS. + +And all we’ve got to do to keep them powerless is sit back and do nothing. Doing nothing but hodl has become the greatest act of resistance against tyranny in the history of financial markets. + +I expect the price to continue to fall. We all know it means nothing. The price is fake and will continue to be fake until the enemy is finally vanquished. + +But the DRS shares we own are very real. And the company they represent an ownership stake in is very real and on a collision course with profitability and increasing revenue. + +I know lots of apes are taking advantage of this dip. I know no apes are selling. I know the enemy is out of novel plays. +It’s fascinating to watch the richest and most powerful people in the world bang their heads against the wall. They’re completely powerless in the face of buy, hold, DRS. + +And all we’ve got to do to keep them powerless is sit back and do nothing. Doing nothing but hodl has become the greatest act of resistance against tyranny in the history of financial markets. + +I expect the price to continue to fall. We all know it means nothing. The price is fake and will continue to be fake until the enemy is finally vanquished. + +But the DRS shares we own are very real. And the company they represent an ownership stake in is very real and on a collision course with profitability and increasing revenue. + +I know lots of apes are taking advantage of this dip. I know no apes are selling. I know the enemy is out of novel plays. +Recently there has been a lot of talk about Bitcoin futures causing downward pressure for prices, especially with expectations of a crash around expiry date. Its clear that not many understand how derivatives work or why the specific structure of the CME/CBOE future contracts makes it so there is a pretty much no chance that there is a collusive scheme by futures traders to crash Bitcoin. + +So I wrote up a quick description of how it works, and why there are 3 major reasons that futures are not to blame for Bitcoin's decline in price. + +#How futures contracts work +------------------------------- + +Futures contracts are an agreement to buy or sell an asset on a specific date in the future at a specified price. If you take a long position, you agree to buy an asset in the future at a specific price when the contract expires. When you take a short position, you agree to sell an asset at a set price when the contract expires. + +A simple example to illustrate: Think of a shipping company who has a bunch deliveries planned in a year. The price of fuel is $2 per gallon today. They can enter a futures contract on an exchange that will allow them to buy say 10,000 gallons of fuel at $2.5 per gallon. A fuel wholesaler might be willing to take this contract on to lock in the $2.5 price guarantee. If a year from now the price of fuel rises to $4 dollars a gallon, the shipping company will save (4-2.5) x 1000 = $15,000. In this case its a risk management tool, often used in financial markets to hedge against the risk of changing prices. However it can also be used by speculators, simply to profit off expected changes in price and these are generally cash settled. + +Bitcoin futures are cash settled, meaning **no bitcoins actually change hands when a contract expires**. The differential between spot prices (ie. current price) and the contract price is settled with cash. Winning traders effectively collect their gains from the losers. + +A key point to realize is that **futures markets are a zero-sum game**. For every long there is a short. For every winner, there’s a loser. Every dollar of one trader’s profit is a dollar lost by another trader. If someone wants to bet big that bitcoin is going down, say, by shorting 1,000 bitcoin contracts, there needs to be one or more traders willing to take the opposite side. + +Bitcoin futures trade on two exchanges: CME and CBOE. + +The CME is the big one and offers contracts with a unit size of 5 BTC per contract. It has a contract limit of 1,000, meaning that no one party can have more than 1,000 contracts. + +The CBOE offers contracts with a unit size of 1 BTC per contract. It has a contract limit of 5,000 contracts. + + +#Why Bitcoin Futures aren't crashing Bitcoin +------------------ + +**Reason #1: There simply isn't enough open interest position or volume** + +You can look at the total open interest and volume for BTC Futures on the CME for January 25th, a day before expiry: + +http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html?marginsTab=SOM + +The total volume for January was 769, the total volume for all months up to June 2018 is 1,223 contracts. The "open interest" number is the number of contracts which are still open (ie. haven't settled) and its only 139. If you go back to the beginning of the period just after the prior expire date, there were only 560 open contracts for the January 26th expiration date. + +What this means that the total market on CME for shorting futures for the end of January period was only 560 x 5 = 2,800 BTC. + +What if those evil Wall Street suits had the brilliant idea to buy Bitcoin back when it was $8,000 and then now flash sell it to bring the price down to profit off the short side? On January 19 the open interest was 560 contracts and the BTC price was $11,500, lets say the entire open interest is actually one group of people colluding to profit off the short positions. That means there is a total of 2,800 BTC value is contractually at stake, with a total nominal value of $32.2 million. Futures markets have something called "margin requirements", which is the minimum amount you have to pony up as collateral when taking a futures position. For Bitcoin its 43%, which means that they would need to put in $13.8 million of capital to short 2,800 Bitcoin. + +According to [Bitcointy](https://data.bitcoinity.org/markets/volume/30d?c=e&t=b), the volume traded in Bitcoin/USD on January 19 was around 134,000, with about 16 million BTC in circulation. This actually drastically underestimates the total volume of BTC traded since it excludes the big Asian markets, but let actually give the scenario this benefit. Lets imagine that someone would need to purchase just half of the daily volume (about 77K BTC) or about 0.5% of the total Bitcoin supply and then dumped it, and lets say this caused a huge $3K drop in Bitcoin price from its $11,500 price level back to about $8,500. They would need to pony up $616 milion to purchase just 77K BTC (0.5% of the supply) at $8,000. Assuming they achieve the $3K drop in price, that would net them a profit of 2800 BTC x $3,000 = $8.4 million from a $11,500 settlement price, or about 1% profit on their BTC purchase investment, less than a guaranteed government bond. All of this is assuming that 0.5% of the outstanding float would be enough to drive the price down $3K, and that they could somehow not experience substantial loses themselves in the dump. Basically it doesn't make any sense, the volume of open interest for futures available is simply too low to make this anything akin to profitable. Even if we assume there was a collusion scheme by everyone participating in the short market. + +You can look at the Settlements to see the total open interest for all remaining months: + +http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_settlements_futures.html?marginsTab=SOM + +The total open interest for all months up to June on January 25th is only 1,459 contracts. That's means the entire market for shorting Bitcoin up to June is only 7,295 BTC. No matter where you set the entry point, the return simply doesn't justify the risk or initial investment required. + +**Reason #2: The margin requirements are too high to offer enough leverage to manipulate the market** + +One attraction of trading futures is the ability to use relatively small amounts of money to potentially achieve outsized returns. In a lot of futures market, the margin (the amount of money that your broker requires up-front) can be quite small compared to the ultimate value of the contract. For example looking at [CME Futures market for S&P 500 futures](http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500.html), each contract is worth about $143,000 (50 x S&P 500 value) and the margin requirement is only $4,800 (as of writing this) or about 3.3% nominal margin rate. + +Your margin account balance is adjusted at the end of every trading day to account for the winnings or losses of the day, this is called daily settlement. If your account balance falls below the margin minimum of $4.8K you'll need to quickly add money to your account or your position will be summarily closed out by your broker. On the plus side, if you've predicted the S&P's direction correctly your profits will be that same as if you completely owned the underlying stocks in the index. A +1% daily move in the S&P500 would yield $1430 (1% of $143,000) in profit even though you only have $4800 invested - a huge return on. Margin requirements this low are only possible because the volatility of the S&P 500 is pretty low and well understood. + +On the other hand Bitcoin futures have massive maintenance margin rates. The CBOE requires 40% of the notional amount for maintenance margin, the CME requires 43%. Your broker will likely require more than that. + +Because of the high margin requirements, Bitcoin futures don't offer much leverage compared to just buying Bitcoins outright. You would need to place a huge amount of capital at risk just to get one Bitcoin contract on CME, the equivalent of 5 x (BTC USD value) x 0.43. If you wanted to short just 5 BTC and the price was 11K, that would require a margin of $23,650 to be maintained. + +**Reason #3: The big Wall Street Levered Funds aren't actually that into shorting Bitcoin** + +The CBOE is smaller than CME, but one neat thing about it is that it releases statistics on groupings for its futures markets, it gives out information on long vs short positions among Levered Funds, Other Reportable entities and Non-reportable. + +The Levered Funds is what we would call "Wall Street", large hedge funds that invest other people's money. The "Other Reportable" would be other institutional investors but not necessarily trading with other's people's money, and the "Non Reportable" are small time investors and speculators. Here is the breakdown of Bitcoin Futures open interest contracts by these categories: + +**Levered Funds** (Large Wall Street hedge funds) + +Long | Short +---|----- +1142 | 518 + +**Other Reportable** (Other trading firms that don't necessarily manage money for outside investors) + +Long |Short +---|----- +1243 | 3668 + +**Non Reportable** (ie. small speculators) + +Long | Short +---|----- +2665 | 919 + +http://www.cftc.gov/dea/futures/financial_lf.htm + + +As you can see 68% of the Levered Funds actually go long on Bitcoin! + +For "Other Reportable" you do have more short interest, but it only adds up to 3668 contracts and at 1 BTC/contract its only 3668 BTC, against 1243 BTC that are long. Finally the non-Reportable are the small time speculators and they're overwhelmingly long. There are a few other smaller categories that make up the difference, but overall there isn't any wide spread of short vs. longs between the big levered funds and the more retail investors. + +#So what did cause Bitcoin's correction around the first expiry date? +-------------------------------- + +There was a plethora of factors that compounded around that mid-January expiry date: the cyclical selloff period that we usually see combined with FUD headlines coming out quickly regarding regulation out of China, Korea and Europe. Its highly unlikely that futures actually caused any of the sell off, they actually provide stability by helping with price discovery. + +If futures do have any downward price pressure on Bitcoin, its largely psychological. Let face it, most Bitcoin investors don't understand anything about finance or derivatives, to them the CME futures are this big scary Wall Street boogeyman that is trying to take Bitcoin down. In essence you got a self fulfilling prophecy, lots of people feared the futures expiration would cause a crash so they panicked and sold, bringing the price down. Its a perfect thing to scapegoat after the huge bubble we saw started to correct. This is what I fear, that a lot of people will now look to anything to point their finger at to blame for Bitcoin and cryptocurrency price declines. Everything will be scapegoated, from the CME futures to "weak hand Asians" to governments to Wall Street. + +As we inevitably revert to the mean, very few will be willing to accept that it was their own unrealistic expectations of returns that are continually parabolic that is the sole reason for the gross mispricing of most cryptocurrencies. + +Right now my wife and I are on track to retire well and on time, but not early. However, I have a baby. I want him to one day have the freedom to not have to worry about money; study what he finds interesting, have a job he enjoys or no job at all for a while, etc. Any advice specific to achieving FIRE not for yourself, but for your child? + +Right now my plan is to educate him well on financial issues (the kind of education I never had) and teach him to appreciate a lifestyle that includes frugality and avoiding excessive consumption. Instead of sheltering children from money conversations like our culture encourages, this kid is going to understand compounding interest, mutual funds, 401k, etc. My biggest worry would be he takes any inheritance he gets and simply spends it (or his future spouse does). + +What's the best way to transfer wealth to a child over time? Should I start gifting him money when he turns 18 to invest in his name? Should I start a 529? + +Our numbers: 40M/38F, joint income $120k, current retirement savings about 300k. House worth 220k will be paid off in 10 years. Recent healthy raise on my end allows us to put away extra savings while maintaining current lifestyle. + +Edit: Thank you, everyone, for advice. Y'all are awesome. +Hey, I'm recently homeless for the second time and I'm looking for advice. I work a stable job 70 hours a week. However, I'm under the table and paid slightly below my states minimum wage with no overtime. I'm currently dropping 2k a month for a motel room to avoid trying to live in a tent in the middle of winter. I realize I need to change jobs but right now going a single week without pay is enough to put me in a shelter. Are there any loans (even if they are predatory) or government support any of you know of that could help me escape this situation? I'm okay with living in a car right now to save money I just can't even afford one right now. I have a credit score of 610 and I do have reliable even if unverified income. Any help is greatly appreciated +There's a quote from Warren Buffett in the preface to *The Intelligent Investor*: "To invest successfully over a lifetime does not take a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework and the ability to keep emotions from corroding that framework. This book describes the proper framework. You must supply the emotional discipline." + +Put simply, the Motley Fools are not emotionally disciplined. Or rather, they train us as readers to not be disciplined. Every day, I was bombarded with emails: "5 new stocks to buy now!" "Here's why WXYZ stock dropped today!" + +A long-term investor who believes in a business should not care about why a stock added or dropped in 10% in a day. We should not be trying to time the market with 5 new stocks. We should probably not even care about a quarterly earnings report. As Buffett says, "My favorite holding period is forever". + +What's more, I don't particularly trust the dynamic of withholding "rule-breaking" or "everlasting" stocks from readers. It's hard enough to get returns that regularly outperform the market. The fact that there are different "services" makes me feel as if when I pay for the "advisor" subscription, my "advisor" is not working as hard as he can on my portfolio. He's withholding information from me. That seems very shady. + +It's possible that the Fools have made 400% over the past 20 years. And it's possible they could continue to make 400%. And I understand they need to upsell to keep their business. But as *The Intelligent Investor* makes clear, you shouldn't wrap your net worth in a speculative account. Most of your money should be in index funds. And if the Fools are going to be pounding at my psyche every day, grinding down my emotional discipline, it doesn't matter how good the picks are. I'm going to make bad decisions. + +Idk what all your thoughts are on this sub but that's my feeling on TMF. Probably also my feeling on all the other stock-picking services. +I'm writing this post in response to comments I get from people when I try and explain what Bitcoin is. Uneducated people have told me countless times that bitcoins are only used by criminals. I want to debunk that myth and explain how the real potential for bitcoins is so much bigger than the black market can ever be. + +Bitcoin is literally saving my family from hunger and giving them the finicial freedom to immgrate in the near future. My parents and sister live in Venezuela. A lot of you might not know exactly what's happening there so here are the cliff notes. + +1. An incredible incompetent socialist government took power. + +2. They created strict currency controls that made it impossible for people to buy goods in anything other that their local currency. If you owned a business and needed to import something from overseas you needed the governments approval to exchange the local currency to US dollars + +3. This made running a business almost impossible. To operate you had to buy US dollars on a black market or bribe a government official to exchange currency. + +4. When oil prices dropped the government quickly ran out of money causing expected inflation of 1800% in 2017. + + +For more about what's going on in Venezuela check our www.reddit.com/r/arepas + +Things started to get really bad in Venezuela around 2014. My father owned at the time a successful air conditioning repair business but he knew things were about to take a turn for the worse. We came up with a plan to open a US bank account and convert bolivers (Venezuelan currency) into US dollars so we would be protected from inflation. We quickly ran into logistical problems physically getting and safely transporting the money out of the country. Caracas is one of the most violent cities in the world. Car jackings are common and people are killed for their cell phones. The airport police are corrupt and just as likely to rob you and the money can't be put in the local bank because you aren't allowed to have dollars. + +I'm 2014 Bitcoin was a new technology so we were very skeptical about it but we didn't have any other options. + +Fast forward to 2017. The economy is Venezuela is dead. My father lost his air conditioning business and people like our neighbors that where middle and upper class a few years ago can't afford food. Thanks to the rising price of Bitcoin and it's realative stability (to the Venezuelan economy) My family is part of a very small fortunate minority that can afford to help feed their community and also potentialy immigrate to another country. + +Now consider how big the Venezuelan economy is and that other countries like Brazil and Argentina are also experiencing similar problems. If citizens converted only a small amount of their savings into bitcoins this would represent an incredible amount of money. + +Bitcoin can give anyone the ability to trade freely and protect themselves finically against corrupt and incompetent governments. In a world of 6 billion people, most of which have no access or are ineligible for basic banking services and an increasing number of governments apposing free speech and basic human rights Bitcoin might not be the perfect hero we want but it's what we need. + +So in summary Bitcoin is used by criminals the same way cash is used by criminals. If you take one step back you'll realize that the possible legitimate uses for Bitcoin are far greater than the black market can ever be. +Sadness has plagued the crypto realm these past few days. You must be tired from all these woes. Come join Sadboys and we will transcend all our grief collectively + +$SADBOY Just listed on BSC | Community Driven + +Sadboy is community run, self generating protocol for Sad People. So why should be worried in buying Sadboy right now? + +You will make big gains with our tight community, while also making a positive contribution to mental health charities 😎 SadBoy is a based community-driven project that will routinely run charity events voted for by holders. We believe that everyone should have an equal opportunity to invest and benefit from the launch of the Sadboy coin, this is why there was no presale. + + +Community Driven +100% community driven since the beginning. Decisions were made to facilitate community trust. Uniting the sad ones in one harmonious effort. + +Fee + +10% of every transaction is divided into 5% to holders and 5% to the LP. + +Deflates Forever + +Every transaction triggers token burning. + +Initial Burn + +60% of tokens were burn before the launch + +Automatic Liquidity Pool + +Every transaction increase the liquidity pool on PancakeSwap. + +RUGPROOF + +Ownership Rennounced + +Total supply Distribution + +🌎 40% = Publically available + +🔥 60% = Burnt + +🙏 1% = Charity wallet + +♻ 2% = Marketing wallet + +📝 2% = Developer wallet + + + +Transaction tax + +📥 5% = Redstributed to all existing holders, automatically accumulate more Sadboy tokens and profit just by holding. + +📥 5% = Added to liquidity to keep the Sadboy token strongly backed by Binance. + +📝 Contract: + +bscscan.com/token/0xBaab02FB0a33289dE9e5Af7d0836A8dbD436F0C2 + +✍ Ownership Renounced: + +bscscan.com/tx/0xf9178535e471e20766ed8c25d0c7340e88b78023b418a4b9807352d6e6f1f72e + +🔥 Coins Burnt: + +bscscan.com/tx/0x31aa1879c6054517eb5bbb2df50a106991b921f8ad7d39f007ddde5455e2df63 + +🥞 Pancakeswap: + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xBaab02FB0a33289dE9e5Af7d0836A8dbD436F0C2 + +🔒 Locked Liquidity: + +dxsale.app/app/pages/dxlockview?id=0&add=0x0c4f1ED1563C59731d420a2bD96abb115E888987&type=lplock&chain=BSC + +Socials + +Website: sadboy.cc + +Telegram: t.me/sadboybsc + +Reddit: reddit.com/r/sadboysbsc/ +We've been with Geico for 11 years and for some reason they hiked our rates by a whopping 40% on our latest renewal. Called in thinking it had to be a mistake since nothing had changed on our end and the rep was like "Yep, sorry. Inflation." + +Went to USAA and was actually able to save money over our previous Geico policy. Guess the only mistake was staying with these guys so long. +We've been with Geico for 11 years and for some reason they hiked our rates by a whopping 40% on our latest renewal. Called in thinking it had to be a mistake since nothing had changed on our end and the rep was like "Yep, sorry. Inflation." + +Went to USAA and was actually able to save money over our previous Geico policy. Guess the only mistake was staying with these guys so long. +It is a wonderful thing that people are getting themselves out of debt or achieving their goals. Really, it is. But there isn't much benefit to the rest of the community for the top posts in /r/personalfinance to be this same type of post over and over again. + +Maybe it's time we stop accepting (or up-voting to the front page) posts that are simply people reporting their achievements. + +What do you think? + +* + +**Edit: c2reason and KerrickLong have suggested a weekly thread where everyone can post their success stories in one place. I think that's a great idea. KerrickLong has posted the first "Triumphant Thursday" post [here](http://www.reddit.com/r/personalfinance/comments/1kvpv8/triumphant_thursday_20130822/).** +Hi, + +I am starting from scratch. I'm mid-30s now. +What can I say, life has sucked me into a woodchipper and spat me out a few times. + +After doing some study I'm about to start working after a bit of a break. It will be part time and only an entry level salary. I have kids with some complex care needs which limit my employment choices (but not eligible for carers pension) and I have limited support. + +Help me not turn out like my parents, having to pay private rent out of a single person pension? I'm tired of struggling. How can I turn my life around now that I'm going to have an income, albeit a modest one? Ideally I'd like to own my own place before I retire, but the way rent is going up I have no idea how I'll be able to save up. My youngest is 11 so the kids aren't super young anymore, their needs may diminish as they get older but they might still need me as young adults I don't know. I want them to always have a home with me if they want/need it. I can't move in with a parent to save money, and I don't think my kids would cope with living with other people so that isn't an option either. + +Can I do this alone, without a partner? I'm very determined. But I see double income families struggling and I don't even have a whole single income. I'm worried that I'll end up homeless or something, if I don't turn things around. I need a plan. + +I know there is some kind of scheme where single parents can purchase a home with only 2% deposit. Is this something I should consider? I'm afraid - if I make one bad financial choice the price will be too high for me and my kids. +And by how much? It seems logical to me, that most people cannot have the usual once a year overseas holiday with their family, and that extra money goes straight into the housing market. Thoughts? +Hello all, I am a fairly new active investor and I wanted to take a crack at analyzing a company. Any comments or criticisms would be much appreciated. + +Scorpio Tankers is a petroleum shipping company that I believe is currently undervalued. The stock price has fallen significantly in the last year, with its current value being roughly half of what it was a year ago. It is not hard to see why the stock trades for less, the last year has seen a significant decline in the production, and consequently the transportation, of crude oil. "The U.S. Energy Information Administration (EIA) estimates that the world consumed 92.2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, a 9% decline from the previous year and the largest decline in EIA’s series that dates back to 1980". This trend is likely to begin reversing, however, as the situation with covid gets better. "The EIA forecasts that consumption will rise by 5.6 million b/d in 2021 and by 3.3 million b/d in 2022". + +They will also face less competition as "Orders for new tankers have dropped more than 40% in the first seven months of 2020 compared with the year-earlier period, according to BIMCO’s estimates". This decline in production is due not only to covid related decreases in crude oil demand but also due to uncertainty about future environmental regulations. No company wants to spend boatloads of money on a new tanker that could be invalidated by new rules. This benefits STNG twofold. While new shipbuilding is very low, they will be able to use their large fleet of ships to take market share and they will also be more likely than their competitors to meet new environmental rules as the average tanker age of STNG's fleet is significantly lower than the market as a whole (4.9 years versus numbers hovering around 10 for their competitors). + +Another favorable macroeconomic trend is the closing of numerous oil refineries. "Oil refineries face a wave of closures due to weak refining margins, tightening environmental rules and overseas competition, prompting some owners to opt for closure or converting plants for storage or biofuels production". In the very long term countries will likely try to get off their oil dependency but in the short-medium term, this production will need to be made up through imports, which will often be supplied by petroleum tankers. + +&#x200B; + +[https://www.eia.gov/outlooks/steo/report/global\_oil.php](https://www.eia.gov/outlooks/steo/report/global_oil.php) + +[https://www.spglobal.com/platts/en/market-insights/blogs/shipping/092420-oil-tankers-face-new-normal-amid-pandemic-and-decarbonization-drive](https://www.spglobal.com/platts/en/market-insights/blogs/shipping/092420-oil-tankers-face-new-normal-amid-pandemic-and-decarbonization-drive) + +[https://www.scorpiotankers.com/wp-content/uploads/2020/11/STNG-Q3-20-Earnings-Presentation-final.pdf](https://www.scorpiotankers.com/wp-content/uploads/2020/11/STNG-Q3-20-Earnings-Presentation-final.pdf) +So, for example, this guy keeps averaging down while WLMS keeps tanking. +[http://openinsider.com/insider/Brown-David-A-B/1112508](http://openinsider.com/insider/Brown-David-A-B/1112508) + +Does he really know something, is he stupid or he doesn't care cause 1 mln $ a year is peanuts for him? +WLMS is now at 0.93$ per share. +Been wondering this for a while, and thought I’d pose the question. + +Which would actually earn more over a 5+, 10+, or 20+ year period, a Buy and Hold strategy (perhaps maintaining a 10% margin, or no margin) or doing Covered Calls (and the occassional Cash Secured Put to buy back in)? +Hello fellow investors, today I wanted to ask you guys about how you handle your portfolio regarding the amount of positions and assigned weights. + +This is something I often think about. When I started investing I only had about 5 positions, mostly due to the low invested amount. When I began to handle more money I started expanding my portfolio until I had about 25 positions with the first 5 being relatively big positions and the others between 2 and 5 %. My thought here was to lower risk through diversification. + +But I soon realized that it was way to hard to keep up with all my investments through earnings season and to constantly monitor these companies. It also made no sense to me to add cash to positions which weren’t my top 5 convictions. + +So I realized I’m not Peter Lynch and started to sell of some positions which I did not regard as good as others in respect to risk and return. Now I own 13 different companies and my top 4 positions are about 65 % of my portfolio. I see my portfolio in a more aggressive as well as risky position, but I am currently quite okay with it. + +So I was wondering how you guys manage your investments and what your thoughts are. I think I read that Munger said something like how there is a fine line between genius and madness regarding Mohnish Pabrai‘s portfolio which only consists of a couple of companies. That said, I’m curious to hear from you :) +Bruce Greenwald has spoken that some industries require very high market share for a company to be viable (cell phones are an example), while other industries require a very low market share for a company to be viable (I.e a car company he says, is viable at 2% of global market share). + +My question is how does a value investor determine what % of market share for a given industry is necessary to be profitable and viable? + +This information would seem very useful in determining companies that have high barriers for competitors to entry and moats. + +I suppose one way would just be to literally look at a given industry and see how much market share all the profitable companies in it have. Is this the only way? +Hey guys, + +I was wondering what your thoughts are on the analysis of Michael Burry on the current market situation. He thinks we are in an index fund bubble, which (according to him) has the same aspects of the CDO mortgage bubble during the recent financial crisis. Passive investing would create this bubble as this investment is not based on fundamental value analysis. + +My first thought is that the major difference between the two situations is that before the financial crisis, a great amount of junk mortgages were securitized multiple times to create what appeared to be safe (high rated) securities/bonds. When these junk mortgages crashed because people were not able to pay for them, the high rated securities did as well. An index fund, however, is more transparent and easier to understand on its underlying assets. Most of the money will be absorbed by big cap companies, which might create a bubble effect. But is that really comparable to what happened with CDO's? When investing in those CDO's people basically invested in securities which had close to zero value. + +I think it is an interesting topic as I know most prominent value investors are proponents of index funds. On the other hand Michael Burry proved everybody wrong with the previous financial crisis, and his current analysis seems to have at least some validity in it. I'm not as much interested in to when this crash would happen. I also understand that the more people anticipate a crash, the 'softer' it might be. As I see a lot of commentary on upcoming crashes, that would mean that the situation is already different from the last crisis (as that came more as a surprise, right?). + +If I'm wrong in understanding either of the two situations I would be glad to hear as well! I'm a first year economics student that just got into value investing, and any thoughts would be much appreciated! + Right now everything is overpriced. But I think its better to invest in overpriced market than to hold the cash and loose all value on inflation (40% of USD were printed since covid stared + Biden is considering another 3T stimulus). Theres high propability of high inflation in upcoming years. + +This printing of money (making inflation value high p.a) can be good for the goverment to pay off the debt. I think thats the justification of the current printing, obviosly apart from stimulating the economy. + +I thought that market is in bubble, where everything is overvalued and is doomed to have big corretion. But when I consider that there will be this amount of inflation, the market propably wont crash, it will just adapt to the inflation. + +With USD loosing its buying value, the stock market can perform good on paper, but if the inflation will be higher than the gains, you will be loosing money anyway. + +95% of the investors wont realise this and they will be bullish because they will be getting decent paper gains. + +Still, I think stocks are best protection agains inflation, right after currency which shall not be named, and gold. + +What do you guys think? I would love to hear different opinions or constructive criticsm, and I hope to start a discussion in the comments. +We believe that the market is overly optimistic regarding Beyond Meat’s (BYND) future revenue growth and there is a potential 50% downside for the stock. The company faces many headwinds to revenue and margins that are not properly accounted for by the street. + +1. Growing competition is decelerate BYND’s U.S. retail growth. +2. Despite being the first mover, BYND is a price follower as Impossible Foods is setting retail pricing. +3. Foodservice clients are going out of business, which will lead to long-term impairments of the foodservice segment and make obtaining economies of scale more difficult; and +4. A McDonald’s deal will likely not occur how investors projected leading to lower anticipated revenues. + +**Background:** BYND is a food company that creates plant-based meat (PBM) that tries to provide the same taste and texture as traditional meat products. Its products include “beef” patties, ground “beef”, sausages, and prepackaged meat balls. The company sells its products into retail (*2019A: 49%; 2020E: 72%* and foodservice channels (*2019A: 51%; 2020E 28%*). + +The company went public on May 2, 2019 and is up over 620% from its IPO price. Around the time of its IPO, the street estimated that BYND’s revenue would grow at a 50% CAGR from 2018 to 2026 and that EPS would go from -$0.44 to $3.47. Much of the initial bull thesis was based on: + +· BYND establishing a partnership with McDonald’s, which now appears less likely to occur; + +· Traditional meat eaters transitioning to the more expensive PBM; + +· First mover advantage will help it become a leader in PBM category; and + +· Gaining operational leverage that would make its operating margins in-line with Tyson’s prepared foods segment, despite plans to reduce prices to gain pricing parity with traditional meat. + +3Q20 earnings highlighted many issues with the bull thesis and valuation. Revenue only grew at 2.7% vs an expected 44% and adjusted earnings came in at -$0.28 vs +$0.05. We believe that the impact from COVID-19 will have longer impacts than management or the street anticipates, the bull thesis is impaired, and the stock price will reflect the impairment as earning releases reflect the economic reality of the company. + +**Keys to Thesis:** + +I. **Growing competition has exasperated deceleration in U.S. retail sales growth.** Over the past year, additional competitors have brought PBM products into the U.S. retail channel, which has caused BYND’s sales growth to drastically decelerate despite people eating at home more, which should have increased trials and repeat sales. BYND’s US retail consumption growth, measured by Nielsen shows that consumption growth has went from 252% to 43% (*4Q19 to* 4Q20). The largest deceleration of growth occurred when Impossible Foods entered the retail channel. Additionally, we believe that BYND is no longer benefitting from channel filling activities that helped drive growth. + +II. **Impossible Foods appears to have more scale and is setting retail pricing for PBM products.** Impossible Foods (BYND’s closest competitor) announced on 2/2/21, that it was reducing its suggested retail price by 20% to $5.49 for the 12-oz ground plant-beef, which compares to \~$2.96 for 12-ozs of traditional beer in December (85.5% more expensive). This follows Impossible’s 15% price cut on Burger patties, 5-lb bulk packages and sausage sold in the foodservice channel. + +**“**…With economies of scale, we intent to keep lowering prices until we undercut those of ground beef from cows. Today’s price cut is merely our latest – not our last.**”** **CEO Patrick O. Brown Impossible Foods.** + +Despite having the first mover advantage, BYND is a price taker. We believe Impossible Foods can reduce its pricing faster, in part, due to the economies of scale it generates due to its relationship with Burger King. If the goal is to match the prices of traditional meat, BYND must reduce its pricing by \~62% to match traditional beef on a per oz basis. This will require BYND increase its total pounds sold, which declined by -1.7% in 3Q20. + +III. **Food foodservice segment likely impaired for many years: 11%+ of customers are out of business with additional restaurants pairing back menus.** The National Restaurant Associate estimates that over 110,000+ restaurants (*\~17%*) have either permanently closed or will be closed for an extend period. BYND generates 66% of its foodservice sales from smaller independent restaurants and event venues. With 17% of these businesses now gone, this should provide a $17M head win to foodservice sales. It is our opinion, that it will take many years for new restaurants to form providing a headwind to BYND for many years in the future. + +Management acknowledged that many of its customers that are still operating have reduced their menus to try and remain profitable. We are estimating that menu simplification will provide a $21.6M headwind to 2020E foodservice sales. Additionally, we do not believe that these restaurants will immediately add back BYND’s products once the vaccine is completely distributed. Restaurant owners will likely continue to try and make their menus as profitable as possible to recoup losses due to the pandemic. + +IV. **Following McDonald’s investor day in 2020, A big deal seems unlikely.** During McDonald’s investor day (*11/9/20*), it appeared there would not be a large-scale deal that investors were hoping. McDonald’s indicated that the McPlant would role out in regions as consumer demand warranted. They also indicated that it was created by them for them, with no mention of BYND. This is in stark contrast to the deal Impossible made with Burger King in creating the Impossible Whopper. Without a major deal, we believe it will be more difficult for the company to generate economies of scale as rapidly as its competitors. + +**Valuation:** We believe the intrinsic value of the company is likely in the range of $60-$80 per share (*approx. -64% to -50%*). Utilizing the most bullish assumptions, the highest intrinsic value we could possibly fathom is $126/sh (-25%). + +**Catalyst:** We believe that the 4Q20 earnings call and/or future earnings calls will be the catalyst for the stock as investors realize the initial bull forecasts is more impaired than initially anticipated. + +**Risks to thesis:** If BYND were to obtain a deal with McDonald’s similar to the Impossible Foods and Burger King deal, this could accelerate the company’s ability to generate positive free cash flow and return its foodservice segment to growth sooner than we anticipated. Retail investors could continue to remain irrationally loyal, similar to Tesla. Additionally, new restaurant formation could occur faster than we project allowing BYND to regain lost sales related to closures. + +*I own short-term and long-term puts on BYND at varying expirations and strike prices.* +Hi everyone, hope all is well, just wanted to share my thoughts on Malibu Boats. Personally, I think it's a great company with a MOAT, however competes in a very cyclical industry with a small TAM (Total addressable market) of $13.1 billion. + +**Company Overview:** + +Malibu Boats is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport boat, stern drive and outboard boats under eight brands - Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt. They have the #1 market share position in the United States in the performance boat category through our Malibu and Axis brands and the #1 market share position in the U.S. in the 24' - 29' segment of the stern drive category through our Cobalt brand. They have top market share positions in their other brands too. From the periods 2010 - 2020, they have expanded market share in performance sports boats from 24.5% to 31.7% and stern drive from 14.2% to 36.1%. + +&#x200B; + +**What I Like (Why I think MBUU has a competitive advantage):** + +*1)* They have vertically integrated a number of key components of their manufacturing process making them less dependant on suppliers which is why they have good gross and operating margins for a boat manufacturer. They have begun manufacturing their own engines and is installed in some of their boats through their partnership with GM, they recently acquired a wiring harness business, and they design their own towers, boat trailers, soft grip flooring etc. Looking at their closest competitor annual reports, MasterCraft, they haven't mentioned these vertical integration strategies and still solely rely on other suppliers for all of their boat engines. + +*2)* + +* If you compare unit sales growth between MasterCraft & Malibu from 2017-2021 + + + +||2017|2021| +|:-|:-|:-| +|MasterCraft|2790|3343| +|Malibu|3815|4841| + +MasterCraft sales per unit increased **19.8%**. Malibu sales per unit increased **26.9%**. + +* Unit sales isn't the only thing Malibu is winning at though. If we look at Average Price Per Unit growth from 2017-2021 between MasterCraft and Malibu you will see: + +&#x200B; + +||2017|2021| +|:-|:-|:-| +|MasterCraft|$82,000|$109,000| +|Malibu|$74,000|$113,000| + +MasterCraft average price per unit growth was **32.93%** and Malibu was **52.70%** from this period. In 2022, Malibu net sales per unit was **$131,267.** No data from MasterCraft since 2022 annual report isn't released yet. + +*3)* + +* 2022 Malibu annual report indicates that unit sales for the **industry** has decreased in 2022 however all of Malibu boat sales have **increased** in unit volume, **despite** the increase in price. + +*4)* + +* Current Ratio is 2.14 and D/E is 0.7. Very healthy balance sheet. + +**What I Think:** + +I think this company does have a competitive advantage due to their ability to grow their unit sales at a faster rate than competitors and increase their prices. This indicates the company has pricing power and a brand moat. This is also due to their extensive dealer network. However, the company does have a litigation issue which will cost the company around $140 million. Check it out and let me know what you think :) + +&#x200B; + +\*\*By the way, I have decided to pursue value investing seriously and have started a Youtube channel highlighting my journey so if you would like to support feel free to go to my profile and I will have a link to my channel there :) +So sometimes I look at the holdings of eg Pabrai and check if he has some nice ideas or picks. Did any of you try to base your strategy on super investors? Different ways to do this for example: + +- cloning. Just pick what they pick +- checking holdings and see if you understand why they picked it and buy as well? +- focusing on one investor or on more + +Or do you have experience with stocks you picked because buffet/munger/Pabrai/etc picked them and how did this work out for you? + +The advantage is that they have more expertise and skill. It also might save time. However, holdings data is often delayed so you might buy and sell too late +Last stock I mentioned was Ford. I feel comfortable with my position there, so now I’m looking for my next long-ish term hold & I keep going back to Boeing. + +Here is my reasoning - they have had less than positive press lately, indecisive leadership & a stagnant airline industry. + +BUT they have a ton of inventory & equipment (I can’t figure out if they own or lease the equipment). I feel like these prices will stay low until people start traveling again and airlines start purchasing again or they adapt and figure out a creative solution to the current state of the industry (I don’t know enough to even speculate about how they could do this...) + +What do y’all think? +Do any of you rely on a quick and dirty valuation method while screening for stocks and if so what methods do you find the most insightful/reliable? + +Obviously not meant to be a shortcut to making an investment decision but a way to quickly get a ballpark value of several companies to find opportunities to look into in more detail. + +I’ve seen multiples of FCF, Ben Graham’s net asset value, some people have even made automated DCF and shared here (thanks for that btw) but wondering if there are others you think are better for screening or pitfalls to the ones mentioned above. +What info / data do you need to feel good after making a purchase? I think we can all agree that it is impossible to put a precise number on the value of any particular company. Many assumptions combined with known and unknown errors lead to a wide range of valuations. + +I started thinking about this in terms of cars. If you knew how many people paid specific prices, you could feel pretty good knowing that your price is 90% below everyone else who bought the same car. And while this data is incomplete or hard to find for cars, it is very complete and easy to find for stocks. + +Of course, this reasoning is not about a random car from a small manufacturer from a country with questionable standards. This is about a high quality company that you have already done research on, have decided that you would be happy to own it, but have not figured out what is a good price to buy. + +It is easy for us to come up with a reasonable price range for a company, but I found it harder to figure out the likelihood that we can buy at a specific price within a specific time, if ever at all. Any ideas and thoughts? +I started looking at Lithia Motors ($LAD) a few months ago. This is a review with some updated information. They're an automotive retailer here in the states with a current Market Cap around $8.72b. They are one of the largest retail dealerships in the US. Their growth is mainly accomplished through M&A of other dealerships. + +Fundamental Numbers: + +* Free Cash Flow - went positive about 5 years ago. + * For 2021, Q3, reported approx. $650m in FCF. + * CAGR on FCF from 2017 to 2020 equaled 86.4%. +* Other financial data: + * Revenue for 12mths in 2021 Q3 was $20.5B. + * 2011 to 2020 - Revenue grew from $2b to $13.1b (CAGR 20.5%). + * BVPS CAGR was 24.7% (2020 BVPS of $111.83). + * EPS CAGR was 43.7% (2020 EPS of $19.53). + * 21, Q3 EPS diluted - $34.02 + * ROE CAGR 19.2% (2020 value was 25.6%) +* Total Liabilities are at $5.66b + * Long-term debt 2021, Q3 - $3.76b + * LT Debt to Earnings (ttm) ratio = 3.93 +* Moat / Competitive Advantages: + * some pricing advantage over smaller competitors, + * protection in certain markets where regulations or distributor arrangements keep their competitors out for certain vehicle brands. + * Brand name in certain regions where they operate. +* Downsides include: + * susceptibility to economic downturns, + * if interest rates climb it will make it harder for them to offer attractive financing, + * 2021 supply chain shortages interrupting inventory, + * High debt levels, + * Competitive advantages, as I see them currently, are somewhat limited: + * small pricing advantage over smaller competitors, + * limited protection in certain markets where regulations or distributor arrangements keep their competitors out for certain vehicle brands. + +I think the supply chain shortages are going to be rough over the next 6-9 months for them, although, they surprised in Q3 when things were already tightening up. + +**WSJ Pricing Targets** +* High $542.00 +* Median $480.00 +* Low $303.00 +* Average $469.15 + +* Currently $285.97 + +This hits my buy range around $260.00. I’d be very curious to hear what others see/think, and I'm hoping for some help inverting the argument for this being a value deal. +Assuming most of the people here allocate the majority of their portfolio towards stocks. + +How do you diversify your portfolio? For example in sectors, industries etc.. + +Or do you put the majority of your portfolio into few stocks that you truly believe in based on your own d.d? +Which can cause overweight in certain sectors. + +I’m just curious on how you go about managing your portfolio. +An example is when he says the following: +“We bought See’s for $25 million when its sales were $30 million and pre-tax earnings were less than $5 million. The capital then required to conduct the business was $8 million. (Modest seasonal debt was also needed for a few months each year.) Consequently, the company was earning 60% pre-tax on invested capital. Two factors helped to minimize the funds required for operations. First, the product was sold for cash, and that eliminated accounts receivable. Second, the production and distribution cycle was short, which minimized inventories. +Last year See’s sales were $383 million, and pre-tax profits were $82 million. The capital now required to run the business is $40 million. This means we have had to reinvest only $32 million since 1972 to handle the modest physical growth – and somewhat immodest financial growth – of the business.” +Like the title says, I'm wondering if someone could explain how stock splits ratios determined. Example, TSLA had a 5/1 split last year that most of you remember. Why 5/1? One of the goal of a split is to make a stock seem more affordable to buyers so why not go 10/1 instead? + +BTW I know this is not exactly a value investing question (and TSLA isn't a value stock) but i feel that depending on the situation/stock one can become a value play so I thought I'd ask here. +I don’t really understand why you would use OCF when FCFF just seems to be more complete since it takes into account capital expenditures. Definitions online compare the two but give really bookish definitions and don’t explain when to use either over the other. Can someone help? +Before going off on the valuation, I'll head in first at what ASO (Academy Sports & Outdoors) + + +Academy Sports & Outdoors, just from the name, is an online & brick n' mortar retail business selling, as you know, sports (Golf, running shoes, etc.) and outdoor products (camping materials, backpacks, etc.) + + +The business model is extremely similar to Dick's sporting goods, except they're in 2 niches, which is sports and outdoors, while Dick's sporting goods, as you know, is in 1 niche which is sports. + +**Quick overview of Industry:** + +The sports & outdoors industry has been a really fast growing industry from 2017-2021 growing to $69.94bln in 2021 from $41.73bln in 2017 which shows an average growth of nearly 17% a year for the industry. + +On these stats, diving equipment were excluded, which isn't a really huge % of the industry (Which is only approx. $3.7bln) + + +**Academy Sports & Outdoors - Why the title?** + +Normally, companies who see historical revenue growths of 10%+ (Or the growth of the revenue growth is more than 5%) can typically see valuations of more than 1x p/s ratio. Especially if the company can see stabilizing operating margins of atleast above 10%, to justify the 2x p/s ratio. + + +So what does this have to do with Academy sports & outdoors? + +Academy Sports & Outdoors just IPO'd recently, I know that may seem sound like a sign that it's overvalued as people buy into the hype, but hear me out below on the valuation! + + +For the sake of ease, I'll call it Academy Sports & Outdoors as ASO (Ticker) + + + +**Valuation:** + + +Before we get in, we need to know some essential metrics so you can understand how the current price relates to other metrics: + + +Market Cap: $3.7bln +Enterprise Value: $4.6bln +Outstanding Shares: 99M +Price: $41.67 + + +Right off the bat, **MC/EV is at a healthy 83%\~** which is pretty good. Some might assume that the company is at an 83% MC/EV because 1: the company isn't seeing growth or 2: low margins for it to be fairly valued. + + +But this assumption is wrong, even though ASO has seen flat revenue growth at it's inception, just after 2 years, the company managed to **grow at an outstanding rate of 17% average for FY 2020 to FY 2021 and FY 2021 to TTM.** + + +Now, the "doubter" or devils advocate would say that the company is probably not undervalued because margins are extremely unstable and not generating a profit. + + +But this assumption, once again, is wrong. + + +**Operating margins have grew at an outstanding 71% YoY with it's real operating margin going from 3% in FY 2018 to FY 2021 of 7% to 13% in the TTM.** + + +Gross margins, too, are growing from FY 2018 28% to TTM 35% or FY 2021 30% + + +Not only that, but the company has been seeing SG&A % expense and total opex dropping from 2018-2021. SG&A dropping from 26% in FY 2018 to 23% in FY 2021 and 22% in TTM + + +SG&A = Opex in this case as the company hasn't been spending on R&D. + + +At this point, some may say that the company is actually at risk of bankruptcy, hence why it's trading at a discount, but ASO, at an altman z-score point of view is at 2.5\~ indicating the company is NO WHERE near bankruptcy nor financial distress. + + +Some may point out to a ballooning debt, when for ASO, debt has been cut from $1.6bln in FY 2018 to $785MLN in FY 2021. + + +Now to CFO and FCF! + +CFO margins also grew since it's inception in 2018. In 2018 FY, CFO margin% was at 2% while right now it's at 18% FY 2021. + + +FCF margins, from 2018-2021 went from -1% fcf margin to 17% fcf margin in 2021. + + +Not only that, but Return on Equity, as usual I'll do 2018 FY to 2021 FY, went from 12% to 87% in 2021 then back to 53% in TTM. + + +Now the important benchmark here is SALES. + + +Companies that trade more than 2x P/S is usually justified with a 15%+ operating margin OR if revenues are growing at a rapid pace. + + +But with both of these combined, rapidly growing revenue, stabilizing margins, and a healthy balance sheet the current valuation of the company of less than 0.9x P/S indicates that the stock is EXTREMELY undervalued. + +&#x200B; + +Now why's the stock undervalued? + + +1. Sales/Price - 1.71x > This valuation indicates that it's undervalued with revenues growing at more than 5% plus the revenue growth's growth is more than 10% and operating margins are stabilizing at around 10%\~ + +2. MC/EV - 83% - Even with huge growth, the company still has a healthy balance sheet with debt being cut from approx $1.6bln in 2018 to $785mln in 2021. + +3. CFO margins, average including the inception stage which is usually negative or 0, is at 12%! With the last 2 years of CFO showing 26% FY 2021 and 17% TTM + +4. FCF is wholly aligned with CFO margins - 25% FY 2021 and 15% TTM +5. Company's leverage is 71% (debt/shareholder equity) + +6. Altman z-score showing the company isn't at financial distress +7. Gross margins rapidly growing from 29% in FY 2018 to 35% in TTM and 30% FY 2021 + +&#x200B; + +So after all this DD, now you know why the title's like that! Growth stock with a healthy balance sheet and stabilizing margins trading at retail multiples of less than 1x P/S. + + +**Mini-DCF:** + +I don't really have a set/systematic way of calculating fair value, mainly feel \[Comparing sales and other metrics to price\]. But this "mini-dcf" is mainly for extra conviction by using extremely grim growth numbers. + + +WACC estimated is at 4%\~ + +**Growth rate to perpetuity at -2%** using free cash flows of TTM (No projections, just getting the average of the last 2 years FCF, which is giving it more benefit of the doubt as it's at it's growth stage) + +We get a rough valuation of $8.25bln for the stock, which is crazy! + + +Thoughts? +https://www.trustpilot.com/review/fool.com + +Any negative review on The Motley Fool’s trustpilot page is getting flagged and removed, regardless if you go through the appeal process. + +They are actively suppressing any negative review in a desperate attempt to do damage control. + +You know what to do… + +EDIT: Mods are considering my post “brigading”, but my call to action is for people who had their reviews removed, not for new people to leave reviews. This post is just meant to inform and to remind people who had their reviews deleted to check. +https://www.trustpilot.com/review/fool.com + +Any negative review on The Motley Fool’s trustpilot page is getting flagged and removed, regardless if you go through the appeal process. + +They are actively suppressing any negative review in a desperate attempt to do damage control. + +You know what to do… + +EDIT: Mods are considering my post “brigading”, but my call to action is for people who had their reviews removed, not for new people to leave reviews. This post is just meant to inform and to remind people who had their reviews deleted to check. +My father went missing without a trace about a month ago and he handled all the finances in the house + bills. I lived in California (this is in Florida) and moved back to help family; I don’t know what bills he had to pay and what cards he used for them etc. I don’t even know how to phrase this question in google so I’m kind of lost. Who would I need to get in contact with in order to help me take over all his finances and change things to my name? He is still reported as missing as no trace has been found, so there is death certificate etc. + Scenario: + +6 months Salary (bring home) in Emergency Fund + +$200 - $600 each month to work with after expenses + +I’m trying to decide if I should prioritize investing (most likely in an index fund) or paying down my student loan ($36,000 & 3.59% interest) + +The way my budget is currently set up, I put $100 towards savings each month and then I split the remainder between investing and the SL 50/50. + +I’m wondering if I should cut out the savings (since I already have a decent emergency fund saved up) and maybe put that $100 towards investing and then everything else towards the SL? + +According to a SL payoff calculator I looked at, with the way I currently have it set up I will have the SL payed off in 9 years (15 years if I only payed minimum payments). + +If I make the change tho I will have the SL payed off in 6 years with the obvious downside of investing less money than I originally would have. + +What should I do? Any suggestions on how I should do things differently? +Hello guys! + +I recently sold my house for a 65k (before capital gains) profit. I have heard conflicting reports on whether I have to pay capital gains or not because I am military and got orders but for now I am going to take it as a 55k gain for investing. + +I am still in the military, stationed overseas until the end of next year so it would be a headache to dump it back into real estate right now. I have put some money into stocks (under 2k) and plan on slowly adding more as I figure out what to invest it. My emergency fund is fine and I don't have any debt now so I'm really trying to push myself to invest into something. For reference, I am 23 years old and contribute 5% to my roth TSP only because that's the amount the military matches. My short term goal would be to buy another house in the next 4-5 years. My LONG term goal is to build my own house one day within the next 10-15 years. + +Does anyone have any advice on where to start? +I’m single, 22 (just graduated with my BFA!) and I’m buying groceries almost exclusively for myself. I live in Nashville currently. I find my average “big” 3-week grocery trip can be anywhere from $70-$140, after accounting that I go to multiple stores. I also find myself getting small things here and there throughout the month, and I don’t eat out or order food like DoorDash often. + +I’m generally thinking $230/month seems like an accurate budget/spending average in my current state, but I’m also planning on moving to NYC for work, and I need to know how much the price hike could affect my budget. Should I push it higher? How much should I move it? +I used to work for $10 an hour, 50 hours a week. But recently I got a hefty raise to $15 an hour. I thought I was finally making some progress but as it turns out, more money more problems. + +I enrolled in the REPAYE program for 2 of my fed loans when I used to make $10. Combined I paid no more than $60 per month. But after I got my raise, and had to update my info for the REPAYE program, now I have to pay a combined $128 per month. On top of Navient's $135 and Citizens Bank's $200. I'm drowning. + +Lately I've been reading more and more about financial literacy, and am thinking about what I can do to put myself in a position to attain financial freedom. As a graphic designer, I figured one way of making passive income is to create graphics and sell them in an online marketplace. But of course these things will take time. I was also told about creating an LLC or corporation to put my money through, and this that and a third but my mind is melting, I have no financial literacy... + +Do you have any advice for someone in my position? +Every time I think I've cracked the code, another guru comes along to tell me about his profitable strategy that only costs 99,99$ for the next 24 hours and that made him a millionaire in less than 6 months. So yeah, obviously I buy the course! 6 months later I'm still poor, even 100 bucks poorer than before. Did I learn anything new? Probably not. I don't know where to go at this point. + +Used to trade price action pretty well and there comes my friend telling me price action is trash and that I should be using indicators instead. At this point I'm backtesting lots of indicators only to be told that technical analysis doesn't require them. There's so many people saying different things and the more I learn about trading the worse I get at it. It used to be so simple in the beginning, I was just doing my thing and it kinda worked well. Now I'm at a stage of confusion and the only thing I know for sure at this point is that I don't know shit. +Hi, + +&#x200B; + +I've been testing out a few trading strategies and was wondering if people on here would be willing to share theres? + + +Thanks, + +enhancedzebra + +&#x200B; +My particular interest is in GBP/USD, and I've watched the past month as the dollar has fallen almost every single day. + + +Only 2 months ago financial institutions and analysts were talking about a high probability of GBP/USD parity - a seemingly extraordinary event - and now all the talk has died down, to be replaced with 'the dollar has peaked - only down from here'!. + + +Amazing how quick the public opinion changes... + + +What do you guys think? Can the USD rise again within the next year or two? +Hello! + +First, I am a beginner trader and currently paper trading, so take this trade idea with a grain of salt. I am self-teaching; therefore, no mentors, paid programs, just youtube, time on the charts, and /r/forex. I am posting this because I would like to hear your feedback on what I can do better etc..or if the trade idea is approached correctly. + +I am currently using divergence and the RSI indicator as my approach. + + +**4 HOUR Outlook** + +https://imgur.com/a/8fmYfJU + +As seen in this image, the price has come to retest this zone on a few occasions. This is an added confluence to my trade to have a short bias. + + +**RSI Divergence - Break & Retest** + +https://imgur.com/a/xsXTIST + +Next, on the charts, I narrow down to the 1HR, and I see HL's and HH's form and thus connect the two HH'S as seen on the chart. Looking at the RSI indicator, I also spot a divergence that forms the HH and HL. This gives me further confluence that there is a potential for a reversal. I don't take the trade yet. +I draw a trendline that is touched on this occasion 3 times. + +The idea here is that I will wait for the break of the trendline, a retest to the purple zone as marked, check if there is any pin bar rejection, pattern etc., narrow down to the 15m timeframe, and set a sell limit (with proper risk management, of course (1% of account)). + +I hope my walkthrough made sense. I would love to hear constructive feedback! +So, I've taken an MFF Challenge last week, the $10,000 account, to test the water. I planned to take the $100,000 once the profit shared for that 10k account accumulated to the fee required. + +I'm relatively new to this "proper" trading, as I've spent my 2 years learning about EA, indicators, patterns. You can ask A-Z about any EA/Indicators/Patterns out there (except SMFC) and I probably know a thing or 2. + +&#x200B; + +So my weekly recap: + +As I got 30 days to trade, I assume the trading day probably 20 days. The target is 8%, so I spread that to 20 days, around 0.4% profit per day. Not too bad, easier to manage. FYI, the leverage is 1:100 + +Day 1: 2 Wins, 1 Lose - I used 0.5 lot for GJ and 0.25 for XU (Gold). Came out 0.5%. Not too bad, daily target achieved. + +Day 2: 1 Win - I used 1.00 lot for GJ as I thought that 0.5 is too little. Up 0.71%. + +Day 3: 3 Wins, 1 Lose - Started taking EJ. I used 1 lot for EJ (win), 0.5 lot for GJ as I was not sure about the setup although it was a win, 0.1 lot for XU as I've already reached my target but the setup was there so I took it with little amount just to satisfied my greed (turns out lost), and 0.1 lot on GJ same reason as I took XU but this turns out win. Up 1.13%. Nice + +Day 4: 1 Win, 2 Loses - What a crappy day. It was on last Thursday, every setups I got was faked out. Took a lost on GJ then a win on EJ, so basically a breakeven day (minus 0.03% with the commisions). But my greed took me again, I found a setup on XU, and put 0.2 lot on it to go long, but again, I think it was a fakeout day for me as after the price broke and closed above my resistance nicely (good candle body wick proportion), wait for it to make a bottom wick, then put my buy stop above previous top wick. Got into 2 pips profit, then went south so hard. -0.66% for the day. + +Day 5: 1 Win - I was bloody nervous for the whole day because the previous day experience. So I took a 0.5 lot short on GJ and close my position quickly with almost no profit. 0.1% profit. Found setups, a lot of them on pre NY session, but didn't take it as still nervous. Turned out those were perfect setups. GJ and EJ went down so hard on NY session. UGH!! The bloody regrets. + +Overall just 1.78% profit on first week (5 days trading). Hopefully it will pass the target at the end. + +Surely, it's a new experience for me taking this prop fund trading, and it teaches me a lot on how to "properly" trading. +For me, it was when ICT said retail traders can never move the market. We don't take money from each other... we piggy back on the smart money. This changed everything, I look at the markets in a completely different way and I can see the logic behind everything now. "What are they going to do to make money, where do they want the price and where can I jump on the ride?" +If I have a few requests from my well-to-do friends and relatives to help them trade forex as another source of income, how do I set up such a system where it's legally transparent and agreeable for both parties? + +These people have known me for many years and acknowledge my passion, technical skill, and background in trading equities and forex over the past 8 years. They have repeatedly asked me to trade for them over the years but I'd been holding off because I want to convince myself that my results are now consistently positive enough. + +Assume that: + +\- I can prove my consistent profits on paper (i.e. displaying my broker's live account records). + +\- I personally know these people and they believe they can trust me with some of their disposable money. But I also want to make sure they realise that there will be drawdowns at times or no profit at all. + +\- I don't want to trade for strangers on the Internet. + +\- They have no interest/time to learn how to trade forex so it's attractive to have another trusted person to do so. + +&#x200B; + +I'm thinking of not charging them anything until they see consistent profits after XX months/weeks. + +Do I mix their funds in my own broker account or using a totally separate one? I use only Daily TF and obviously hold for weeks/months sometimes. I average much lower than 10% per annum but have reached close to 13% in some months. + +I'm nowhere close to actually going with such plans. I'm not sure whether it's a good or bad idea but I think it's worth thinking about. Google results usually link to forex prop firms. So I do appreciate some perspective. + +Thanks all. + +Merry Christmas. + +&#x200B; + +EDIT: I've thought about applying to a forex prop firm but I'm still leery of those. Plus, their requirement that you can't hold your positions over the weekend just turns me off. + +EDIT2: Thanks for all the replies! Lots to think about... +I created this thread to have a laugh with other traders, during the first half of my learning process I have trusted a few gurus with signals that ended up just being people writing fake testimonies with bots , this one trade on AUDCAD was a complete flop and he make bots say how much money they got from the trade meanwhile everybody in the chat took a big L😂 what are some funny stories that you guys have? +I'm already heavily leveraged into Kraft, Hidden Valley, French's, but with the ongoing volatility in the market over the past few weeks I'm looking to diversify. + +Are there any good dip ETFs I should look into? +# The WAR on Bitcoin Privacy Intensifies. Automatic Reporting of ALL Trades and Transactions Soon Mandatory. + +**Massive overreach of international regulators to force all service providers in the industry to:** + +&#x200B; + +* Record ALL crypto trades on exchanges, DEFI and DEXs; +* Record (large) purchases from private wallets; +* Record all transfers to cold storage and make lists with private wallet addresses; +* Send all this info annually to the (tax) authorities; +* And finally, the G20 forces governments to pass these rules into domestic law. + +The war on privacy continues. The aim: to tackle anonymous spending and exchanging of crypto. As you’ll discover, these new regulations force upon us a system of complete surveillance and control. + +This report explains exactly what to expect from the latest developments launched in October 2022… + +&#x200B; + +*Disclaimer: Given that this post is based on new international standards that have not yet been implemented in national legislation, and US proposed legislation, non of this information can be considered legal or financial advice.* + +&#x200B; + +# What is Going On? + +​Last year, the crypto world was shaken to its core when the Financial Action Task Force (FATF), acting in behalf of the G20, released their guidance on virtual assets.1) + +This document laid out a set of rules regarding stablecoins, distinctions between private and hosted wallets, extensive KYC requirements, the tackling of privacy tools, and more.2) FATF has also provided a final definition of the type of service provider tasked with reporting on crypto: the Virtual Asset Service Provider, or **VASP**. + +Fast forward to today, and these rules are quickly being implemented across the world.3) But as usual, it didn’t stop there. Another international regulator, the OECD, is already building on this framework in an attempt to massively increase the grip of authorities on what happens in the industry. ​ + +# What is the OECD? + +The Organisation for Economic Co-operation and Development (OECD) is a Paris-based international organisation that works to “build better policies for better lives.” Its goal is to shape policies that foster prosperity, equality, opportunity and well-being for all.4) + +Together with governments, policy makers and citizens, the OECD works on finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs, to fostering strong education and fighting international tax evasion. The organisation provides a unique forum and knowledge hub within which to discuss and develop public policies and international standard setting.5) + +This “international standard” setting is what we will look at next. + +# Automated Exchange of Financial Information with Authorities Since 2014 + +In 2014, the OECD published the Standard for Automatic Exchange of Financial Account Information in Tax Matters.6) This publication created a “Common Reporting Standard” (**CRS**), which forces financial institutions to automatically exchange account information with the authorities of the country of residence of their account holders. The goal: to prevent persons from holding financial accounts in offshore jurisdictions and not reporting them back home. + +This is why all financial service providers request utility bills: they prove where you live, and hence where they have to report to. + +**All financial institutions** that are currently subjected to these regulations are forced to **automatically report** to the authorities the name, address, Tax Identification Number(s), date and place of birth, the account number, and **the account value** as of the end of the relevant calendar year (or other appropriate reporting period).7) + +Now, there is no more hiding of accounts held with a foreign financial institutions. The authorities enlisted all financial institutions as involuntary (but powerful) assistants in collecting facts and evidence needed for tax compliance. + +# The Panama Papers; Just in Time to Boost Worldwide Implementation of Automated Reporting… + +After publishing their standards in 2014, the OECD needed to get countries and their financial institutions in line. By August 2015, the OECD had released the first version of a CRS Implementation Handbook.8) It provided practical guidance to assist government officials and financial institutions in implementing CRS. + +But while the standards set by the OECD came into force in 2016 in early-adopting states, by March of 2016 these standards were still far from being fully integrated into the global financial system.9) This was especially true in the offshore jurisdictions that were the main target. + +What was needed was a shift in conscience… + +On April 3rd, 2016, the International Consortium of Investigative Journalists published a giant leak of offshore financial records, better known as the Panama Papers.10) These revelations caused public outrage. + +The G5, the five largest Western European countries, were quick to jump on the bandwagon and call for more international cooperation to tackle “tax dodging and illicit finance.”11) The message did not fall on deaf ears; the next day, on April 15th, G20 Finance Ministers and Central Bank Governors met in Washington and issued the following Communiqué: + +*“…we call on all relevant countries including* ***all financial centers and jurisdictions***\*, which have not committed to implement the standard on\* ***automatic exchange of information by 2017 or 2018*** *to do so without delay and to sign the Multilateral Convention. We expect that by the 2017 G20 Summit all countries and jurisdictions will upgrade their Global Forum rating to a satisfactory level. We mandate the OECD working with G20 countries to establish objective criteria by our July meeting to identify non-cooperative jurisdictions with respect to tax transparency.* ***Defensive measures*** *will be considered by G20 members* ***against non-cooperative jurisdictions*** *if progress as assessed by the Global Forum is not made.”12)* + +Thus, within 12 days of the publication of the Panama Papers, the world’s 20 most powerful governments had collectively agreed to start pushing CRS reporting requirements aggressively, and to punish non-cooperative (offshore) jurisdictions—regardless of their local laws. + +This is how offshore finance was brought into the fold, and financial privacy died. + +# Why Can the OECD Regulate Financial Institutions Around the World? Isn’t this a Task of Democracy? + +The OECD isn’t a government agency of any individual country. As such, it cannot create law. It issues what is known as “soft laws,” or “recommendations” and “guidance.” Only when this guidance is transposed into the laws of individual countries does it becomes “hard” law, with real world power. + +In theory, this process is subjected to the formal (democratic) law-making processes of the implementing countries. However, countries that don’t participate face restricted access to the financial system and ostracism from the international community. For this reason, almost all nations are compelled to implement these recommendations. + +It must also be said that national governments, especially in the Western world, highly value this kind of international cooperation, and the control it gives them without the need to deal with the “inconveniences” of democracy. They simply hide behind the fact that these are “international standards” which they have to follow because “everybody” does. + +Neither does it help that few of our representatives, journalists and fellow citizens seem to understand the impact of these treaties. Those in the legal industry who do understand the implications just look at it as “business as usual” and a new way to generate income. As such, most standards are passed into domestic law with little opposition or delay. + +# International Standards Aim to Supersede National Law + +Once these treaties are accepted, they become part of a body of law called “international law,” which in many cases supersedes national laws. Unknown to the general public, international law is increasingly being used as a backdoor for passing invasive regulations such as those we are discussing here, and establishing a global bureaucracy with real power over our (financial) lives. + +It is also worth noting that the people working for this Paris-based institution have not been elected, their procedures and budget are not subjected to democratic oversight, and they are almost impossible to remove from power. + +Like most international organizations, their operations fall under the Vienna Conference on Diplomatic Intercourse and Immunities.13) As such, they enjoy immunity for their actions taken whilst in office, are exempt from administrative burdens (such as taxes and fines), and enjoy less stringent (COVID) travel restrictions. + +# AUTOMATIC Exchange of Transaction Info For Crypto + +Last week, October 10th, the OECD published the “Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard.”14) + +This applies the tax reporting guidance of the existing CRS to crypto―and makes it FAR more invasive… + +The OECD first published a public consultation version of the document on 22nd March 2022.15) The deadline for feedback from the public was 29th April 2022. This gave the public just over a month to analyze a 101-page document, figure out what it meant for them and their clients in multiple jurisdictions, and formulate a public statement on company letterhead. + +This is not a sign that the OECD takes public input seriously. When comparing the two documents, there is no material difference between the public consultation and the final version in the section that matters most, the actual rules…16) + +Public consultations give these recommendations the appearance of being widely supported by “stakeholders.” It creates the illusion that the public has a say in the matter. It doesn’t. When you read the questions carefully, they only seek feedback on details, such as which intermediaries are to be included or excluded, which type of NFTs are to be in scope, what reporting thresholds there should be, and how much time should be reserved for implementation.17) + +Furthermore, if you read the commentaries submitted, which can be downloaded [here](https://www.oecd.org/tax/exchange-of-tax-information/public-comments-received-on-the-crypto-asset-reporting-framework-and-amendments-to-the-common-reporting-standard.htm), most respondents just talk their own book, trying to elicit amendments that perhaps exempt them from a specific reporting requirement, or trying to get a longer time-frame for implementation. In all fairness, there were also a number of industry insiders who highlighted the double standards created for the crypto industry, and how much of a burden the regulations would represent. In the end, none of this mattered. The regulations have been published and are now the new worldwide standard. + +# What Are The New Guidelines for Crypto? + +​ As was the case with earlier regulations, Bitcoin will not be banned. Instead, the OECD builds on the approach set by FATF: to regulate the service providers who facilitate transactions. + +In this instance, the OECD developed a new global tax transparency framework which provides for the automatic exchange of tax info on transactions in a standardised manner. This is the **“Crypto-Asset Reporting Framework”** or “**CARF.**”18) + +As previously mentioned, automatic exchange of information used to contain only the details of the individual and the account value. New reporting obligations, however, apply to all transactions in an account. This is a major extension of the reporting obligations that currently exist for non-crypto financial services. + +# Reporting of Transactions (and their Nature) by VASPS + +The OECD proposes that those providing crypto transaction services, for or on behalf of customers, are to report under the CARF. We are talking here about the reporting entities that are defined by FATF, i.e. “Virtual Asset Service Providers,” or “VASPs.”19) + +&#x200B; + +**Before we look at the details of the information that is going to be exchanged, let us remind ourselves of what a VASP is:** + +*“VASP: Virtual asset service provider means* ***any natural or legal person*** *who is not covered elsewhere under the Recommendations, and as a business* ***conducts one or more of the following activities*** *or operations for or on behalf of another natural or legal person:* + +*i. exchange between virtual assets and fiat currencies;ii. exchange between one or more forms of virtual assets;iii. transfer of virtual assets;iv. safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets; andv. participation in and provision of financial services related to an issuer’s offer and/or sale of a virtual asset.”20)* + +&#x200B; + +As you can see, the definition of VASP is so wide that it covers many of projects currently operating in the crypto space. According to the OECD, reporting obligations also apply to companies facilitating Decentralized Finance and Decentralized Exchanges.21) + +&#x200B; + +# What Kind of Individual Transactions Are to Be Reported? + +What needs to be reported? In particular, the following three types of transactions: + +&#x200B; + +* Exchanges between Crypto Assets and Fiat Currencies; +* Exchanges between one or more form(s) of Crypto Assets; +* Transfers of Crypto Assets (including Reportable Retail Payment Transactions).22) + +&#x200B; + +Transactions will be reported by type of Crypto Asset, and will distinguish between outward and inward transactions. In order to enhance the usability of the data for tax administrations, the reporting is to be split out between Crypto-to-Crypto and Crypto Asset-to-fiat transactions. Reporting service providers will also be forced to label transfers (e.g. airdrops, income derived from staking or a loan), in instances where they have such knowledge.23) + +In short, the CARF mandates that information an all trades, including the type of coin, the amount of coins, the market value, and what was paid, be submitted. This info is then aggregated and automatically exchanged.24) The goal is to inform the tax authorities of how much you own and what kind of income you generated from your holdings. + +And if that is not enough, the OECD allows lawmakers the option to request lists of private wallet addresses of users.25) + +# Reporting of Retail Transactions from Private Wallets + +On a final note, the OECD has come up with a trick to limit the opportunity for crypto users to spend their coins anonymously. The CARF also applies to merchant providers facilitating crypto payment for goods or services. In such instances, the merchant provider is required to treat the customer of their customer as its own customer, and report the value of the transaction to the tax authorities of the buyer.26) + +For now, this only applies to “large” purchases of over USD 50,000.\[27\] + +&#x200B; + +# What About US Citizens and Green-Card Holders? + +The CRS has been implemented worldwide. All developed nations and all international financial centers have been included in the list, leaving few of the world’s financial highways untouched.28) + +Surprisingly, the United States is not on that list. The reason is that the US came up with their own automatic reporting framework even before the OECD did. It is called the Foreign Account Tax Compliance Act, or FATCA, and requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders.29) + +Up until now, FATCA did not directly apply to crypto. But the new 2023 budget proposal seeks to amend section 6038D(b) of the Internal Revenue Code to require reporting for a new third category, namely any account that holds digital assets maintained by a foreign digital asset exchange or other foreign digital asset service provider (a “foreign digital asset account”).30) + +There is also another US-specific reporting obligation, the Report of Foreign Bank and Financial Accounts. Regarding FBAR, FinCEN has issued Notice 2020-2, stating that it also intends to make reporting foreign virtual currency accounts mandatory.31) Moreover, US tax payers are already required to report their crypto transactions on their tax returns.32) + +The question is, will the United States also implement a CARF like system, as in the automatic reporting of all transactions? This question remains unanswered for now. But President Biden’s Executive Order from earlier this year clearly stated that the current administration is committed to these international standards, including those commissioned by the G20 and FATF, and that the US has a leading role in developing and adopting these international standards on digital assets.33) + +Despite all this, it is still unclear what the regulatory landscape in the US will look like. Regardless, US-based companies with clients in other countries (i.e. most of them) will have to implement these policies. It is hard to imagine the US government not wanting to have this information for itself, especially since the legal framework is largely in place. But we will have to wait and see. + +# What Will Be the Outcome of These Regulations? + +​The outcome of these new international standards will be **full transparency towards tax authorities**. The aim of these standards is to get automatic insight into all your trades, even laying the foundation to prevent you from spending coins anonymously with retailers that use a third party payment provider. + +This means in practice that although you can hold coins in your private wallet, you cannot easily spend or exchange them anonymously. In short: no more privacy when you use third party services. + +One might say this will be the death of third party services, because accepting online payments is as simple as installing a piece of code on your website and taking the payments yourself. But most companies do not have the capacity to run their own payment system, and are likely going to require payments through a regulated merchant. + +As long as there isn’t a Bitcoin standard, meaning accounting and payments regularly done in Bitcoin, there will be a need for fiat on- and off ramps. As such, even when you do business in crypto, your suppliers or clients are likely to make use of a service provider with reporting obligations. + +As a result, expect far more scrutiny on transactions; from exchanges, but also from the people and businesses you are dealing with in everyday crypto activity. Even if you do not need to report on certain transactions, they might be forced to do so. + +You might be okay with accepting direct peer-to-peer transactions, but could run into issues later when you are obliged to prove where the payments came from. + +# Regulators Are Out of Control + +The reality is that these regulators are out of our control. Without (direct) democratic mandates or oversight they are flooding the world with regulation. Just like totalitarian regimes, they effectively force private parties to police each other. + +The service providers, forced into unpaid financial surveillance, carry the rising compliance costs. Obliged to make hard decisions as to whom they can take on as customers, they are likely to cut services to those they consider not worth the compliance costs, such as small or “high risk” businesses, and people in developing nations. + +The cost of compliance might become so great that at least some of them might want to facilitate transactions only with fully-vetted wallets tied to a digital ID, such as the EU is implementing.34) + +# New Precedent: Centralized Surveillance of Individual Transactions + +This is a good example of regulations being built on top of one another, and raising the bar with each step. It should not come as a surprise if at some point regular financial service providers are forced into similar obligations to get in line with these new “international standards.” This step might be taken with the introduction of Central Bank Digital Currencies, currently being developed all around the world.35) + +# Door Open to Further Monitoring and Restricting of Payments + +It is not hard to imagine that once all transactions are transparent, more actions can be taken as to which type of payments and type of persons are allowed or not. We can see this financial “cancel culture” already happening around the world.36) + +As a result of all this surveillance, it is not only privacy that is at risk right now; this starts to touch the very idea of maintaining a payment system where you can freely transact and engage in economic activity. + +Only a massive and radical decentralization movement away from third party service providers can prevent this dystopia. Stay tuned for a next report and a roadmap for just that… + +&#x200B; + +# TLDR; + +**Governments at the highest level (G20) commissioned an organization called the OECD to come up with international tax transparency rules for crypto. They are using international law frameworks that supersede national legislation and will demand that every country in the world complies.** + +**The OECD issued their guidance last week, Oct 10, 2022. They propose that Virtual Asset Service Providers are to be required to annually report, on your trades and transactions, to the tax authorities of your country of residence.** + +**Reporting on transaction information is a major extension of reporting obligations as they exist for regular financial institutions. The US is also looking to expand its own reporting frameworks.** + +&#x200B; + +# Sources: + +1 FATF, “Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers,” (FATF, Paris, 28 October 2021), [https://www.fatf-gafi.org/publications/fatfrecommendations/documents/guidance-rba-virtual-assets-2021.html](https://www.fatf-gafi.org/publications/fatfrecommendations/documents/guidance-rba-virtual-assets-2021.html) + +2 Thysse W., “FATF Global Crypto Regulations Summary – June 2021,” (Decentralized Legal System, June 22, 2021), available on: [https://decentralizedlegalsystem.com/wp-content/uploads/2021/06/FATF-Global-Crypto-Regulations-Summary-June-2021.pdf](https://decentralizedlegalsystem.com/wp-content/uploads/2021/06/FATF-Global-Crypto-Regulations-Summary-June-2021.pdf) + +3 “Further EU and UK Developments in Financial Crime Regulation of Cryptoassets,” (Ropes & Gray, August 4, 2022), accessed on Oct 11, 2022, [https://www.ropesgray.com/en/newsroom/alerts/2022/August/Further-EU-and-UK-Developments-in-Financial-Crime-Regulation-of-Cryptoassets](https://www.ropesgray.com/en/newsroom/alerts/2022/August/Further-EU-and-UK-Developments-in-Financial-Crime-Regulation-of-Cryptoassets) + +4 “OECD – About,” (OECD), accessed on 3 Oct 2022, [https://www.oecd.org/about/](https://www.oecd.org/about/) + +5 Ibid. + +6 OECD, “Standard for Automatic Exchange of Financial Account Information in Tax Matters,” (OECD Publishing, Paris, July 2014), [https://www.oecd-ilibrary.org/taxation/standard-for-automatic-exchange-of-financial-account-information-for-tax-matters\_9789264216525-en](https://www.oecd-ilibrary.org/taxation/standard-for-automatic-exchange-of-financial-account-information-for-tax-matters_9789264216525-en) + +7 Ibid., page 26 + +8 OECD, “Standard for Automatic Exchange of Financial Information in Tax Matters – Implementation Handbook – Second Edition,” (OECD, Paris, April 2018), [http://www.oecd.org/tax/exchange-of-tax-information/implementation-handbook-standard-for-automatic-exchange-of-financial-account-information-in-tax-matters.htm](http://www.oecd.org/tax/exchange-of-tax-information/implementation-handbook-standard-for-automatic-exchange-of-financial-account-information-in-tax-matters.htm)\[Author: 1st edition since replaced by a 2nd edition, which is now found at this link\]. + +9 KPGM, “The Common Reporting Standard: Are you ready?” (KPMG UK, March 2016,) [https://assets.kpmg/content/dam/kpmg/pdf/2016/03/the-common-reporting-standard.pdf](https://assets.kpmg/content/dam/kpmg/pdf/2016/03/the-common-reporting-standard.pdf) + +10 “Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption,” (The International Consortium of Investigative Journalists, April 3, 2013), accessed on Oct 3, 2022, [https://www.occrp.org/en/panamapapers/overview/intro/](https://www.occrp.org/en/panamapapers/overview/intro/) + +11 HM Treasury, G5 letter to G20 counterparts regarding action on beneficial ownership, (G5, 14 April 2016), [https://www.gov.uk/government/publications/g5-letter-to-g20-counterparts-regarding-action-on-beneficial-ownership](https://www.gov.uk/government/publications/g5-letter-to-g20-counterparts-regarding-action-on-beneficial-ownership): “The UK has initiated a ground-breaking deal to tackle tax dodging and illicit finance, alongside Germany, France, Italy and Spain. Ministers from each country have co-written a letter to G20 counterparts to urge further international cooperation.” + +12 IMF, “Communiqué: G20 Finance Ministers and Central Bank Governors Meeting,” (Washington, April 15, 2016), [https://www.imf.org/en/News/Articles/2015/09/28/04/51/cm041616](https://www.imf.org/en/News/Articles/2015/09/28/04/51/cm041616) + +13 UN, “United Nations Conference on Diplomatic Intercourse and Immunities,” (Vienna, 2 March – 14 April 1961), accessed on June 10, 2021, [https://legal.un.org/ilc/texts/instruments/english/conventions/9\_1\_1961.pdf](https://legal.un.org/ilc/texts/instruments/english/conventions/9_1_1961.pdf) + +14 OECD, “Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard,” (Paris, 10 October 2022), [https://www.oecd.org/tax/exchange-of-tax-information/crypto-asset-reporting-framework-and-amendments-to-the-common-reporting-standard.pdf](https://www.oecd.org/tax/exchange-of-tax-information/crypto-asset-reporting-framework-and-amendments-to-the-common-reporting-standard.pdf) + +15 OECD, “Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard – Public Consultation Document,” (Paris, 22 March 2022), [https://www.oecd.org/tax/exchange-of-tax-information/public-consultation-document-crypto-asset-reporting-framework-and-amendments-to-the-common-reporting-standard.pdf](https://www.oecd.org/tax/exchange-of-tax-information/public-consultation-document-crypto-asset-reporting-framework-and-amendments-to-the-common-reporting-standard.pdf) + +16 \[Author note: for comparison, the actual regulations page 15, and the public consultation document page 10\] + +17 OECD (2022), Public Consultation Document, pages 8-10 and 62-63 + +18 OECD (2022), page 6 + +19 Ibid., page 11 + +20 FATF (2021), page 22 + +21 OECD (2022), page 10, and page 12 + +22, 23 Ibid., page 12 + +24 Ibid., page 15, Section II: Reporting requirements, A.3. + +25 Ibid., page 32, Transfers to External Wallet Addresses + +26 Ibid., page 13 + +27 Ibid., page 19 + +28 “CRS by jurisdiction,” (OECD), accessed on Oct 11, 2022, [https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/](https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/) + +29 “Foreign Account Tax Compliance Act (FATCA),” (IRS), accessed on October 11, 2022, [https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca](https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca) + +30 Department of the Treasury, “General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals,” (Department of the Treasury, Washington, D.C., March 2022), [https://home.treasury.gov/system/files/131/General-Explanations-FY2023.pdf](https://home.treasury.gov/system/files/131/General-Explanations-FY2023.pdf), page 101 + +31 FinCEN, “Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency, FinCEN Notice 2020-2,” (FinCEN, Washington, December 18, 2020), [https://www.fincen.gov/sites/default/files/shared/Notice-Virtual%20Currency%20Reporting%20on%20the%20FBAR%20123020.pdf](https://www.fincen.gov/sites/default/files/shared/Notice-Virtual%20Currency%20Reporting%20on%20the%20FBAR%20123020.pdf) + +32 IRS, “Form 1040 and 1040-SR Instructions,” (Department of the Treasury, Internal Revenue Service, 2021), [https://www.irs.gov/pub/irs-pdf/i1040gi.pdf](https://www.irs.gov/pub/irs-pdf/i1040gi.pdf), page 17. + +33 Joseph R. Biden Jr., “Executive Order on Ensuring Responsible Development of Digital Assets,” (White House, Washington D.C., March 9, 2022), accessed on Oct 11, 2022, [https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/](https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/) + +34 “eIDAS Regulation – eIDAS is a key enabler for secure cross-border transactions,” (European Commission, Brussel), accessed on 11 October 2022, [https://digital-strategy.ec.europa.eu/en/policies/eidas-regulation](https://digital-strategy.ec.europa.eu/en/policies/eidas-regulation) + +35 “Today’s Central Bank Digital Currencies Status,” (CBDC Tracker), accessed on Oct 11, 2022, [https://cbdctracker.org/](https://cbdctracker.org/) + +36 \[author note: this week alone famous artist Kanye West saw his bank closed for this views, and Paypal contemplated fining their customers for spreading what they considered misinformation.\] +I don't ever see myself wanting to be tied down to one area of the world for a long period of time. For the past 5 years I've moved ten times to different living arrangements or apartments. + +I've been told that as an adult I should be saving to put a down payment on a house. This does not make sense to me especially with my current moving pattern, I would never earn any equity. + +Is it absolutely ludicrous to never purchase a home? + + +Since the 2008 crash, I've seen how being tied to one locale can negatively affect employment prospects and lead to the need to file bankruptcy if steady income is lost. + +I was once told by a coworker that I won't be a "real" adult until I have a mortgage. (Of course, I've heard that I won't be a "real" adult until I have kids of my own but thankfully I've been sterilized and that won't be a possibility.) I just don't understand this mentality of every American citizen needing to purchase a house - it's not my American dream. +There’s [finally some coverage](https://pennystocks.com/featured/2019/11/12/robinhood-left-unlimited-margin-glitch-unfixed-for-nearly-a-year/) pointing out the fact that robinhood knew about the infinite money problem back in January and left it unpatched nearly a whole year. + +As much credit as CTN deserves (and he deserves a lot), u/1R0NYMAN brought this to the attention of RH and they did nothing about it. +I'm 31 now and I've been working consistently since I was 14. I've had 7 jobs in my life, never more than a couple months between them. One I worked for 8 years, another for 4 and and the others have usually been about a year, or mire. I have absolutely nothing to show for it. + +I didn't spend my money on cool stuff, there just never was any. I've never owned a new car, come close to owning a home, been able to invest or even save anything significant. I've never been able to afford a real vacation, just a stay-cation sitting around an apartment I never wanted. I don't go out to dinner with friends, go to the bar, buy video games, etc. All I really do is go to work and come home and my savings are still completely meaningless. + +It seems like all New England (and maybe America) has to offer is working your ass off so you can buy a bigger TV, or cool shoes or get an apartment with more bedrooms. All of that is beyond meaningless to me; it's a nuisance and I don't want it. What I would like to have is a little land some day, but based on how things are going that's impossible. + +Is there some place that matches these ideals better? All I want: do a normal job, have land and not be bothered. +As a young investor not needing any of this retirement money, I secretly love the down days. I have been nibbling at some companies like TGT, SBUX, COIN, and NVDA. + +I think there will be a lot of rotation into banks and more value stocks so those are definitely areas to look into. Tech Stocks will contract but there are good buying opps out there such as software like $CRM $SNOW etc.. + +What have you been buying during this correction? +As a young investor not needing any of this retirement money, I secretly love the down days. I have been nibbling at some companies like TGT, SBUX, COIN, and NVDA. + +I think there will be a lot of rotation into banks and more value stocks so those are definitely areas to look into. Tech Stocks will contract but there are good buying opps out there such as software like $CRM $SNOW etc.. + +What have you been buying during this correction? + + 🌎🚀 + +# INTRO : + +As I was doing my usual end of the week technical analysis in preparation for my weekly DD I believe I've finally put all the pieces of the puzzle togheter. I could have called this **''ENDGAME''** or whatever but I don't think we are there just yet. + + +I also want to manage people's expectation as this is only my opinion and technical analysis**, not financial advice** or a guarantee by any mean, still I think it's extremely telling of what's to come next. + + + When you combine this information with Criand's latest [**DD**](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) and dentisttft T+35 [**theory**](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) the information and data i'm about to show you becomes an inevitability and a self fulfiling prophecy. + + +**What is my theory ? 🧠** + + + ***I BELIEVE GME is on the verge of making another spectacular parabolic move whiping out the shorts*** +***and in the process, bringing us into tendieland. Sit back relax and prepare yourself for take off !*** 🚀 + + + + + +[BUCKLE UP !](https://preview.redd.it/sjwwftsa2a671.jpg?width=2753&format=pjpg&auto=webp&s=12973d659dabe61f7d1f215ea81cdac3249d1a26) + +# PART 1 : Technical Analysis + +**MACD** ( Moving Average Convergence Divergence ) + + +I believe by the end of this week / beggining of next week, the MACD is gonna crossover signaling the end of a very weak downtrend. When looking at the past we can see that GME **MACD** doesn't really like to stay solid red for more than 5 days and has been very bullish for a long time now. + + +Keep in mind that it is a very popular indicator used by many traders and will spark interest in people who were waiting to get in. + + + + + +[ MACD 🖍️ ](https://preview.redd.it/tb3kvfee6a671.png?width=409&format=png&auto=webp&s=d08713fe3562390ebbe60c9d0023025f41895b61) + + + **(*****RSI*****)** *Relative Strength Index* + +As you can see on the picture below, $GME always bounces of the **39** to cross **50** (neutral) and finally **70** (overbought) . + + +What does this mean ? + + +No one is selling on downtrend except a few paper hands and daytraders, so the dip are mostly artificial and weak the stock always bounces back and create a new floor for itself. + + +I think we will get a little dip before exploding again like we always do as you can see GME wants to +break 350$ so bad, but it is being artificially kept down. + + + + + +[RSI 🖍️ Past vs Future](https://preview.redd.it/xmw6nz6g8a671.png?width=564&format=png&auto=webp&s=f7b8b06652162398a4bf5d3f7f366b9a148f06ac) + +**Volume** + + + *Trading volume* is a measure of how much of a given financial asset has *traded* in a period of time. + + +The volume we are seeing now is very similar to the kind of volume we saw before things really started to pick up, by itself it doesn't say much but when you tie it up with the rest of indicators it paints a clearer picture. + +&#x200B; + +[Volume is similar to pre-january run up 🚀](https://preview.redd.it/dkdskk3g9a671.png?width=843&format=png&auto=webp&s=8d7cf53e4ee8a132fa66bc780980b057f598cf9a) + + + + +**Uptrend** + + + "What happens when an **unstoppable force** meets an **immovable object**? + + +I guess we will find out pretty soon, but I think this resistance is about to be broken the same way it was broken back in january, as you can see below the candlestick trend is very similar to the pre-january run up. + + +[ The irresistible force paradox ](https://preview.redd.it/tm515t3aaa671.png?width=666&format=png&auto=webp&s=b705b1ee0c4bf10dc39c1a19ec821fe9eef5abec) + +**FIBONACCI** + + +is a **naturally** occurring pattern. +The **golden ratio (1.618)** describes predictable patterns on everything from atoms to huge stars in the sky. The **ratio** is derived from something called the **Fibonacci sequence.** The Fibonacci Sequence is a peculiar series of numbers from classical mathematics that has found applications in advanced mathematics, nature, statistics, computer science, + +**Retreacement :** + + + Fibonacci Retracements are ratios used to identify potential reversal levels + + **Retracements in the 38.2%-50% range would be considered moderate.** + + +[A retreacement to .5 is B O O L I SH IMO 🚀](https://preview.redd.it/qdy5nkj9ca671.png?width=532&format=png&auto=webp&s=4650224e4a44ce625f957b93fadf3156cfc8e9ae) + +**Extension** + + + The **Fibonacci extensions** show how far the next price wave could move following a pullback. + + +As demonstrated below, even without the MOASS **GME** had the potential to reach an all-time high of 1.6M$ per share. **(4.236 fib)** + + + in my opinion we could definetly say that MOASS officialy starts past the 4.236 fibonnaci or **1.6M$.** + + +As you can see once we get past **2K$ , 27K$ , 300K$ and 1.6M$** we can officialy consider we are past all reasonable and possible prices. + + +Don't get fooled if we reach these prices this isn't the squeeze so beware, people will most likely take profits in these area. + +[Even without MOASS $GME got insane upside potential based on fibs \($\)](https://preview.redd.it/6o4mc6xaca671.png?width=809&format=png&auto=webp&s=6f6fab74419d912053fd8a4b44bcdd2a40953580) + + + + +**ELLIOT WAVE** + + +This is a scenario of what our road to margin calls could look like, I drew these quickly but if you want more information you can read this excellent [DD](https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot_waves_and_gme_why_im_jacked_to_infinity/) by Elliot Wave guy himself. + + +this information correlate perfectly with [Trading Sciences TA](https://youtu.be/BWNGUpy6_bI?t=70) on **ELLIOT WAVE** who predicted AMC's 75$ using this technique. + + +JACKED !!!! 🚀 + + +[Elliot Wave Theory](https://preview.redd.it/hy0r8a7daa671.png?width=560&format=png&auto=webp&s=2f23c0b9c4c1e935059274838e79249fef40a8f6) + + + + +# PART 2 : Road to MOASS (Putting all the pieces togheter 🧩) + +LFG !!!! 🚀 now that i've explained my theory using multiple indicators and other people DD and TA , let's put all the pieces 🧩 togheter shall we. This is my final conclusion , our road to MOASS. so if you are wondering **''Wen Moon''** this is how we could do it. + + + As for when ????? I'll let you know at the very end. + + +**Once again ; WHEN** we get past 2K$ , 27K$ , 300K$ and 1.6M$ **we can officialy consider** we are past all reasonable and possible prices. This will be **MOASS.** + + +As for margin 📞 ? I think it's clear the area between 350$ and 800$ is extremly sketchy for hedgies, they will do everything in their power to keep us from going there. **They never covered, and they will pay.** + + +&#x200B; + +[Putting all the pieces togheter 🧩 MOASS BABY LFG!!!](https://preview.redd.it/4t44eo8eca671.png?width=744&format=png&auto=webp&s=7dcdb6f4fee520fa5b63e45281d05dad87e02276) + +# + +# + +# + +# PART 3 : TLDR + Entries and price prediction + +**TLDR** : BUY AND HODL FOR YOUR LIFE !!!!! Honestly you could just look at the picture in **PART 2** to get jacked but I recommend you read everything and try to understand, this is huge and very important information. + + + BIG shout-out to everybody who contributed to the community in any way shape or form. + + +**Best entry point for next week (21/25) :** 🚀 + +197$ - GOD TIER +207$ - Really good +220$ - Decent +233$ - Buy at resistance +250+$ - If it starts to RIP + + +***Updated price target for GME 2021 :*** 🚀 + +**June** : 197 - 300 + +**July** : 280 - 350+ (Epic Battle for 350$) + +**August** : 350+ - 500 (Fight for Margin Call ZONE) 📞 + +**September / November** : 400 - 800 (huge battle in margin call ZONE ) 📞 - ♾ INFINITY $ (GG REKT) +Me and my girlfriend are looking to buy our first home in the next year or so and would like advise on different things we can do to maximise our potential due to the fact we have managed to save a very large deposit (relative of course) of just over 50k. (All our own money too we we saved every penny ourselves, saying this because I’m quite proud of it lol). + +The facts. +Age: 22/21 +Income: around £18,000 each +Deposit: 50-55k ish at the moment not including our help to buy ISA bonus which will be around 4K in total. +House budget: 130-150k + +The question is shall we: + +1. Use the majority of this money for deposit making making our monthly repayments lower.(leaving some aside for expenses and what not ofc) + +2. Buy a house at the lower end of the budget with a slightly smaller deposit that we are able to extend/loft conversion type of thing with the money left over due to a smaller deposit. + +3. buy a house with a “normal” 10-15% deposit leave us with still 30k ish and use this money to buy a second property with a budget less than 100k to rent out. + +Any advise is appreciated even if your telling me how all of these ideas are stupid. And any development or new ideas are also appreciated. We have not yet spoken to a mortgage advisor and plan to do so soon. If I need to clarify anything else please ask👍. + +Edit: thank you everyone for the suggestions/advise I’m at work ATM so I’ll have a proper read through later on. +I just got a phone call from 020 3631 8584. They said that they were contacting me from HMRC because there was a warrant out for my arrest for tax fraud. They had my full name and an old address, and asked me to confirm the address, to which I said that it was the wrong address. They asked for the new address and I gave them my actual address and asked for future contact to be via post through HMRC letterhead, and they said they were not able to do so as I had previously not replied to post sent to that old address. I asked them for the phone number they were calling from and they gave '020 4971 62139'. The connected ended and I didn't get to check the original number they called me from before they phoned me again from '020 7947 6139', which is an HMRC number for case progression. They told me to google the number and that I will be on the HMRC website, and asked if I wanted to proceed. I insisted on communicating via HMRC letterhead and the call disconnected again. I phoned the HMRC number back and the HMRC agent told me that they have gotten lots of phone calls about this. + +I really should have stopped talking to them earlier, but all I gave was my new address. They have my old address, and phone number and full name. I don't know if they have my birthday or any other information. Am I at risk for identity fraud? I'm terrified. My social media is all private, and my birthday is only visible to friends. I don't add people I don't know in real life. What can I do? +Just a quick example. In February and March 2020 I was selling all my portfolio when the stock market was going down. I made some money but I didn't rebuy up until September 2020 missing a lot of gains. I thought that a global pandemic will destroy many businesses, will put a lot of people on unemployment and that the supply chains will get disrupted. I missed a LOT of gains if I just had kept my stocks. Middle of pandemic, VIX is going down and the stock market is booming - normal stuff. + +And here we are now. Did I miss some news about a bubonic plague? Or maybe the repo market is bursting? Nah? So the housing market is bursting? Also nah? Are the US at war with China? Also nah? + +I lost all my gains from the last 3 years over the last 2 months and what is happening? Nothing. + +No amount of books or lectures can predict the stock market. I thought I got my lesson with 2020 and that for the next global event/pandemic/QE I will keep my stocks. HA. +So I guess this isn't really a "standard financial question" but Google doesn't return good results. Or in fact any meaningful results. + +My wife and I are in our mid 30s and due to some inheritance money own a small mid terrace in a town and we own it outright. She stays at home with our child and I go to work, currently on £35 with a civil service pension (pretty sweet deal). + +Anyway, the idea of moving house to somewhere nicer has come up. A place out in a little country village with a bigger garden. We can even afford the mortgage. But this is where I fall apart, I just can't bring myself to sign a document to pay for another 30 years. We own what we have now, that's a big deal. It's not perfect, but it's ours. And the new place looks nice, but it means plunging back into the uncertainty. I feel like we'd be giving up a huge chunk of security, and a bunch of other potential life options (even if a bunch of them are frivolous ones lol). I know most people are looking to be mortgaged until well into their 60s anyway, so I know it's not a thing special to me. And yet I'm having a super hard time with this. + +Surely I can't be the only one that feels like it's nailing shut a coffin. I have no idea what to do because I suspect there is no "right" answer. I'm posting here because hopefully sensible and mostly analytical analysis might help. Who knows. +Shares go up and down, investments have risk. + +Businesses go up and down. + +Houses - only up. The second they look like they’ll drop the government will spend tens of billions to inflate the market. Largest pandemic in a century? 10-20% year gains depending on area. + +Interest rates? Can’t go up, will bankrupt people with enormous mortgages on 2% rates. + +At this rate soon you’ll be spending 2 million to get an entry level apartment with a wage barely above what we have today. + +Why though? +My fiance has been getting into woodworking and creates really unique and amazing interior pieces. He'd like to take that full scale if we FIRE. + +I haven't been able to decide but I'd like to open up a unique and high quality local bakery with an attached cafe and/or become a vertical garden designer. + +Because of this, our FIRE needs are going to be higher so we can support ourselves and our businesses (if they aren't generating profit). For the cafe/bakery, we're thinking of buying a building and renting it out so that when its time for me to open my shop there will be lower costs. + +Is anyone going through this path of FIRE in order to pursue a profession that might not have much demand/difficult? +Has anyone recently purchased 1KG+ of gold bullion and could recommend a reliable seller? Searching online leads to an absolute minefield of shady sites. All I want is a single Kilo of 99.999% 24 karat gold for under $50k but, ideally, I want the firm to be reputable enough that I don't need to test the gold myself. + +I'm well aware that gold is not a good long-term investment but I like the idea of having something physical other than paper money that I can store in a safe and be reasonably sure it will have some value many decades from now. + +NOTE: I'll likely buy single ounces that add up to about a kilo, unless the kilo price is significantly better. The credit suisse ounces in assay seem like a good bet but I'd be interested in hearing if there is a better way? +The NHL just announced they’re suspending their season and it’s rumored MLB is considering the same for spring training. NBA is already done. UFC is at risk based on cryptic memes from Dana White. +All I have Hulu for is hockey and with that canceled I’ll probably cancel my HULU account and I know several other people who feel the same way. +TL;DR: DIS Puts $80 strike, at least a month from now. Reason: I’m canceling my $55 a month HULU +I'm trying to transfer an account from Betterment to Vanguard worth over $2M. + +Betterment requires a so-called "Medallion Signature Guarantee" from a bank for all outgoing transfers over $250K. All of the standard advice I can find online is "just ask your bank, it's easy". + +The problem is that my bank (Citibank) is only licensed to provide MSGs up to $2M in value, and I can find literally nothing online about how to get an MSG for more value than that. + +I'm considering selling my account down to $1.9M or so and just taking the tax hit, but surely there must be better options out there? +Looking for a bit of guidance here from someone who has gone down a SaaS sales path. I work for a ‘Top Forbes Cloud’ company that is nearing IPO. + +I got lucky, was in relatively early, and at Age 27 am an Enterprise AE pulling in 250-300k per year and ~40k in RSUs per year. Total comp is $340k. I’ve got 500k saved but am wondering how to really up my earning potential while staying in the same career track. + +Can I FatFIRE at this rate? If not, what is the next step, leadership? First rep at a brand new company for an equity play? I’m charting my 5 year plan now and am struggling to see where to go to achieve my goals. +All, + +Any opinions on real estate vs. stocks for young Europeans? I feel swayed by the leverage RE can give me but it is significant, illiquid money in a hot market. Regardless, even with a \~1% cap gain through housing prices this method significantly outperforms the average stock market performance over a 5-7 period (assuming 85-90% leverage vs. 5-7% performance on the stock market). My cashflow can handle vacancy as well as any one-off maintenance costs and have high job stability ("High Finance" type job). I'd outsource all landlord issues to a 3rd party, that's common here to do as it gives you a tax benefit. + +Strongly struggling with the question and if I'm missing anything. Any opinions / advice? Thanks in advance +FI/RE is serious to me, and the math all makes sense. + +However any time I bring up the topic or mention early retirement at all, most (if not all) toss aside the idea or scoff at it. In particular, I've found that coworkers I've had laugh at the idea, saying that we'd be lucky to retire before age 70. + +Why do you guys think that is? +I really apologize if this is not the place for this story but I figured I could get the advice I needed from this sub. TL;DR at the bottom. + +When I was 17, I am now 21, my mom added me as an authorized user to a few of her credit cards to help build my credit. Ever since she was keeping up with the payments and it was steadily helping my credit. + +In October of last year her and my dad started having issues and she started online dating. She got involved with someone with an obscure story and unbelievable coincidences. It wasn’t long before he started offering to pay off her debts for her. (Debt I was not associated with) Since, she has given all of her credit card info to him, the last 4 of her social, and more I presume. + +The debt that was “paid off” was bouncing and he gave her all kinds of excuses as to why. I tried very hard to explain the kind of scam this is, but she will not listen. She truly believes she is in love. It wasn’t long before he started purchasing things on her cards, especially ones that I was an authorized user of. It is affecting my utilization and I honestly want nothing to do with any of it anymore. + +Fast forward to today, I called Citi. One of the cards is the Citi simplicity. I asked the agent to remove me as an authorized user and he told me that he can not make any changes unless my mom authorizes it. I added my mom to the call and she refused to remove me as an authorized user. + +Am I stuck on a card that will severely impact my credit when it defaults like her other accounts? I am so incredibly stuck in this situation any advice would be appreciated. + +TL;DR: My mom is in a romance scam and gave her credit cards to him. He spent lots of money on a card I am authorized user on. My mom won’t pay it because “he’s paying it”. I want to remove myself from the card but Citi will not allow me to. Help. + +Edit 1: This is crazy for me! I’ve never really posted to this sub, only just read and lurked around for advice. I am so incredibly grateful for all of the advice you all have given me. I am going to attempt to help my mom one more time by telling my aunt. Hopefully she can help her come to her senses. If not I’m going to take you alls advice and cut her off. She will take the fall and reap the consequences and will come back when she is ready. Again, thank you so much. + ICEEU: [Notice of Filing of Proposed Rule Change, as Modified by Partial Amendment No. 1, Relating to the ICE Clear Europe Clearing Membership Policy and Clearing Membership Procedures](https://www.sec.gov/rules/sro/iceeu/2021/34-92652.pdf) (Release No. 34-92652; File No. SR-ICEEU-2021-014); see also [Exhibit 5](https://www.sec.gov/rules/sro/iceeu/2021/34-92652-ex5.pdf) + +[https:\/\/www.sec.gov\/rules\/sro\/iceeu\/2021\/34-92652.pdf](https://preview.redd.it/71xz0tltyzg71.png?width=675&format=png&auto=webp&s=be77d4d8506e582bdc3ea996215c7d79ae0aaf42) + +TL:DR - Looks like ICE Clear Europe Limited (“ICE Clear Europe” or the “Clearing House”) wants to start checking margin collateral and delivery obligations daily. Why ever would they need to do such a thing??? /s +**DXLP token will power the ecosystem**, not just an MVP, there is a fully working product. And the feedbacks from testnet bounty will be used for the development of version 2.0 of DxLaunchpad, and this will be out soon. + +The decentralized automated Launchpad platform which connects cryptocurrency projects owners with prospective investors and enables them to raise funds for development of their projects. We provide no entry-barrier, user-friendly, simple, secure and efficient fundraising platform utilizing blockchain technology in a fully decentralized manner. + +&#x200B; + +**DxLaunchpad Core benefits:** + +Trustless Fundraising + +##### Multi-Chain IDO + +##### Cheaper Fees + +##### Automatic DEX Listing + +##### Fast and responsive support + +&#x200B; + +**🔍Transparency** + +The team is transparent, as this can be seen from the tokenomics. + +**📊 Growth** + +The community members are humans, no bot. And the revenue generated from DxLaunchpad platform will be used to buy back DXLP from the market, then burn the tokens. + +**🌍 Decentralization** + +No team member, group or individual investor will have total control over the tokens, the distribution will be fair. + +**💰Token Staking** + +There will be a lot of earn options via staking because DxLaunchpad will partner with other projects to create staking dapp and farms where holders can earn interest on their DXLP + +**🪙 DXLP Token** + +This is a native utility token and it will be used for governance. + +📦 Decentralized Governance + +Development proposals will be voted by the community. + +🔊Marketing + +Only 2, 500,000 DXLP tokens will be dedicated to strategic marketing, it will be locked for 3 months, and re-locked if there is no need for it. + +&#x200B; + +⚠️ Slippage + +⬆️Buy: 3% + +Holders reward: 1.5% + +Buy back and Burn: 1.5% + +&#x200B; + +⬇️Sell: 3% + +Holders Reward: 1.5% + +Buy back and Burn: 1.5% + +&#x200B; + +🔄 Total Supply + +50,000,000 + +🔐 LP LOCK + +Liquidity will be locked for 365 Days + +&#x200B; + +**🗓 Presale Date** + +**27th of October 2021** + +💥Presale Link⭐️ + +Trustwallet: http://dxsale.app/app/v3/defipresale?saleID=819&chain=BSC + +Metamask: https://dxsale.app/app/v3/defipresale?saleID=819&chain=BSC + +&#x200B; + +**Official Links:** + +📲Join Telegram: [https://t.me/DxLaunchpad](https://t.me/DxLaunchpad) + +🪐Website: [https://dxlaunchpad.org/](https://dxlaunchpad.org/) + +🪐Product link: [https://dxlaunchpad.io/](https://dxlaunchpad.io/) + +🕊Twitter: [https://twitter.com/DXlaunchpad](https://twitter.com/DXlaunchpad) +If you want to register this officially/anonymously you can do so here: + +https://committees.parliament.uk/call-for-evidence/77/the-impact-of-coronavirus-on-businesses-and-workers/ + +If you’re unable to upload a word doc because you’re on your phone, post below. I will then upload a link to this thread in the call for evidence before Thursday 30th April 2020. + +* This refers to a situation where your employer is claiming to the government that you are not working, but you continue to do work for them. +Hi All! I live with my girlfriend and we are financially stable had a nice emergency fund built up. We just had to spend $780 to fix my car and probably about the same to fix my girlfriend's car this week. There is still income coming in. I'm kinda just looking for validation that this is the kind of stuff you use an emergency fund for and like it'll be built back up. Any kind words or additional advice would be appreciated. Thanks in advance! +I am currently in the dumps! I currently live more than 6hrs away from home to study a full time course. I have been looking for employment during the time of the course, however no-one wants to take a busy student like myself, as my school hours are 7:30am - 5:00pm. I began this course June of 2020 (6months after graduating High School), and I still haven't had any luck with AuStudy or Youth Allowance. + +So last year I got accepted into my course, and managed to find a room to live in which was the cheapest I could find in my area. I just needed some help financially from Centrelink to get my foot in the door, I had saved for 6 months prior to the course starting but was quick to learn that money goes quickly when you have food, rent, fuel, stationary etc. to pay for when moving into a new house, as well as being in the Aviation industry - not the cheapest industry to be in. I was 18 when starting and I turned 19 in September, collectively my parents earn 6 figures, however they don't financially support me, they have bills to pay, other family members to pay for school fees etc. We moved to Australia in 2008 from South Africa, where we are now Australian Citizens, and my parents have never been given/taken a single cent from the government since moving here, they worked their butts off to look after their boys and give us the best life we could. + +I contacted Centrelink regarding their AuStudy and Youth Allowance program to make life a little bit easier on myself, however they came back telling me I am not eligible due to the amount of money my parents make. I told them that my parents cannot financially support me to move to another city and to pay for my expenses until I get a job. I told them I can't financially support myself until I get a job, therefore I needed help. So I decided to go into a Centrelink building to try my luck there. Only to find I am not eligible for the same reason, what hurt even more is that it felt like they didn't even try to help this young kid who has moved from home trying his absolute best to make a living and work for his future career, I was quite upset at this point but I kept my head high and trudged along. + +Now I tried to tell them that I am completely Independent, however they came back to me saying that EVEN IF I AM INDEPENDENT, by their books I'm dependent until I am at the age of 21, no questions asked. This has completely ruined me mentally after 8 months the financial stress and anxiety is insane. So this has pretty much left me in the sort of position where I am on the back bone after this amount of time financially and 4 unsuccessful attempts trying to change my answers to at least try and get a couple dollars to help me out. I see so many other people who use and abuse the system they have and it hurts me. + +TL:DR - Centrelink is a joke. +I want to start a small side business where I will be allowing the public to use my telescope, either by actively taking some people out for a night or just setting it up somewhere public. But before I take it out and make money, I'm wanting to upgrade the gear. + +Am I right that the new gear I buy will be tax deductible (proportionately to how much is used for business vs personal), even before I start making money? What about the cost of everything I've already bought from previous years, can those costs somehow be made tax deductible? +The loan can be spread over two, three or four years depending on the size of the purchase, with Amazon charging interest at an advertised rate of 16.9%. Customers do not have to pay a deposit, meaning the first payment is their opening monthly instalment. + +http://www.theguardian.com/business/2015/dec/31/amazon-loans-customers-pay-monthly-option +I was searching for a health insurance, for a friend, on PolicyBazaar. + +[Here's a compare URL I created](http://health.policybazaar.com/quote-compare?enquiryid=NTQ2NDk0NjAA&profileid=19418877&sifrom=5&sito=6&hospitalroom=11&plan=319-500000-Health%20Companion-18-Max%20Bupa-6931-0-2&plan=68-500000-Easy%20Health%20Individual%20Standard-16-Apollo%20Munich-7219-0-2&plan=9-500000-Health%20Suraksha%20%20%20Silver-2-HDFC%20ERGO-5861-0-2), with fake phone number and email. + +If you select the checkbox with _Differences_, and see the section on _Bonus on No Claim_; you'll see this. + +In most of the policies (from Apollo Munich, Royal Sundaram, HDFC Ergo, and few others as well), it says if any claim's been made in a year, 10% of the cover would be reduced when renewing next year. + +IRDA had published a notice in 2016, directing companies not to jack price of same cover during renewal, simply because the person made a claim the previous year. + +So now companies have resorted to reducing the cover amount during renewals; which is no different from doing the very same thing they are not supposed to do. +Traders, + +Our clients had severe difficulties logging into Kite web & mobile post 9.03 AM today. It took almost two hours for the issues to be resolved. Clients who were logged in from before and those using our desktop applications were not significantly affected. But considering that most of our clients use Kite and login around 9 AM, today was one of the toughest days we have had as a business. + +The issue was primarily due to leased line connectivity between our data centres in Mumbai. We suspect Metro digging work reason for multiple of our primary and backup lines to "flap" (as this had affected other services in the past several weeks). Flapping is when leased lines don't completely fail and hence don't automatically switch to the backup lines. + +Every day over 2 million trades are executed through us. Even the largest retail brokerages in the US execute just around half of this. At the scale we are at, these infrastructure issues we face in India can have a snowball effect on the trading platform like it did today. Unfortunately, since the lines flapped during market opening, over 3.5 lakh clients constantly tried to log into Kite multiple times causing the login system to build a massive queue of login requests over the already flapping leased lines. The scale of this issue was unprecedented, as you now know. + +Having multiple primary and backup modes of connectivity still did not help today. The only permanent solution for issues related to login is to completely remove such over-the-network dependencies between data centres. To this end, we're rebuilding how the Kite login system works completely. This will also have the added benefit of doing away with the current 2FA security questions in favour of a simpler numeric PIN-based system. + +This should prevent the particular network failure scenario that happened today in the future, in addition to improving your login experience. + +I am aware that a "sorry" won't help, even so, I am extremely sorry for the downtime today. We as a team are constantly working to ensure that we can offer the best trading platforms to you. + +Again, we deeply regret the pain caused. + + +Nithin Kamath +Traders, + +Our clients had severe difficulties logging into Kite web & mobile post 9.03 AM today. It took almost two hours for the issues to be resolved. Clients who were logged in from before and those using our desktop applications were not significantly affected. But considering that most of our clients use Kite and login around 9 AM, today was one of the toughest days we have had as a business. + +The issue was primarily due to leased line connectivity between our data centres in Mumbai. We suspect Metro digging work reason for multiple of our primary and backup lines to "flap" (as this had affected other services in the past several weeks). Flapping is when leased lines don't completely fail and hence don't automatically switch to the backup lines. + +Every day over 2 million trades are executed through us. Even the largest retail brokerages in the US execute just around half of this. At the scale we are at, these infrastructure issues we face in India can have a snowball effect on the trading platform like it did today. Unfortunately, since the lines flapped during market opening, over 3.5 lakh clients constantly tried to log into Kite multiple times causing the login system to build a massive queue of login requests over the already flapping leased lines. The scale of this issue was unprecedented, as you now know. + +Having multiple primary and backup modes of connectivity still did not help today. The only permanent solution for issues related to login is to completely remove such over-the-network dependencies between data centres. To this end, we're rebuilding how the Kite login system works completely. This will also have the added benefit of doing away with the current 2FA security questions in favour of a simpler numeric PIN-based system. + +This should prevent the particular network failure scenario that happened today in the future, in addition to improving your login experience. + +I am aware that a "sorry" won't help, even so, I am extremely sorry for the downtime today. We as a team are constantly working to ensure that we can offer the best trading platforms to you. + +Again, we deeply regret the pain caused. + + +Nithin Kamath +Apologies if this query is getting repeated, idea is to get the latest and greatest resources which get posted at rapid pace to various audio and video platforms these days +https://www.livemint.com/Money/jwQ5qmleh8oGfPuZWiYzBN/Paytm-to-enter-mutual-fund-industry-with-a-new-app.html + +Summary - Separate app, only direct plans, all top fund houses + +This could be a game changer. +My mother is a taxpayer for the last 3-4 years, yesterday I was checking her old filled ITR forms (which is done by her CA ), her CA showed income from other sources as 0, but she earns interest up to 20-30k per year including savings account and FD. maybe she didn't know that we need to disclose that while filling. (honest mistake) + +my query is what will happen now? will she get a notice from the ITR department? but she didnt received any 'e-campaign' notification yet for last AY year + +PS:- we will be showing every penny earned from interest from this AY year onwards. +Hi everyone, + +PPFAS MF to offer it's first debt offering as a Conservative Hybrid Fund. Looking at the [fund details](https://amc.ppfas.com/ppchf/), the manager will have a flexibility to move the allocation between these ranges: + +Debt: 75-90% +Equity: 10-25% +REIT/ InvIT: 0-10% + +Saw an interview with the fund manager about the fund and the type of allocation they are planning. + +[Interview Link](https://youtu.be/jUA3PC7y1zY) + +To all the peeps here, + +Q1. How is the debt allotment different from the already existing funds and it's impact on the fund's performance? Should one invest in this fund after such dismal returns on debt instruments? + +Q2. None other conservative hybrid fund has an allocation of REIT/INVITs afaik, so how gonna REIT/InvITs affect this fund generally in short/long term? Will this give us better returns than other funds of the same category? (Complete noob about REIT/INVITs, so ELI5) + +Should we invest in the NFO, considering PPFAS has a unique offering than other similar instruments in the market? + +Thanks! +I don't know anyone that started out great, stayed great, and will always be great at trading. + +I've seen a ton of people get lucky, think it was skill, and then lose their ass. + +Myself included. I had $170k in unrealized losses, before I figured it all out. Assuming I have it figured out. + +I was determined to not settle for the loss. If I had an edge, a real edge, I would be able to dig myself out the hole and then some. I did just that. + +I still don't know everything there is to know about options. Hell, I just started implementing delta hedging in my strategy last week. But I'm always in the pursuit of learning more and I have figured out how to draw a respectable income from my trading. + +How much did you lose, before you finally got it? +Yes, they are partnered with gamestop. They are also one of the most cutthroat and questionable firms in the crypto space. So, before signing over to them and becoming their simp, lets look at them from an ovjective lens. + +&#x200B; + +EDIT \*\*I am willing to change my perspective of FTX if/when actions demonstrate that they are reputable and act in more than good faith\*\* + +EDIT 2: u/platinumsparkles asked my exact question to brett, it was about workplace culture. I am still hyper sus but can acknowledge that there is effort being made to try to build bridges. + +&#x200B; + +Don't believe me? here is their trust pilot page: + +https://preview.redd.it/lsnkhcga92q91.png?width=523&format=png&auto=webp&s=bba62c58a4030665ffa4ddd078ff1dba76c5913d + +https://preview.redd.it/iz1rob0b92q91.png?width=601&format=png&auto=webp&s=e44fdb2842ac75298a3228bc4aefc1e1bacd93bf + +https://preview.redd.it/olazjcdb92q91.png?width=624&format=png&auto=webp&s=e2d6f47d177f3eeae32bbc4eb6c5428a9b4842f5 + +&#x200B; + +https://preview.redd.it/xqk2iqpb92q91.png?width=589&format=png&auto=webp&s=2093cafa334736f584020b274323026b540fd5d8 + +&#x200B; + +&#x200B; + +https://preview.redd.it/vdze8ybn92q91.png?width=1038&format=png&auto=webp&s=9be74330bb0a12392a56cb86afd00dfbca287105 + +https://preview.redd.it/72nc1xgv92q91.png?width=714&format=png&auto=webp&s=590d226c1529964c326cc00406e069ebcbadf92b + +https://preview.redd.it/w9jtmygv92q91.png?width=711&format=png&auto=webp&s=0cbc39a9e2bd2d96d53efc93552d1f199e9da899 + +&#x200B; + +Bret Harrison is a disciple of Jane Street, HFT firms, and Citadel. He is NOT one of you. He is a computer scientist that turned to finance for the $, and is also an expert in ETF/OTC desk side (street side) (not retail) manipulation. + +https://preview.redd.it/3jbf74doa2q91.png?width=339&format=png&auto=webp&s=c5b6b5c24f98abbaa1504b103a3530deca7da045 + +&#x200B; + +Mods keep asking me to 'make a point'. The point is that just giving FTX carte blanche around superstonk is not OK. They have not been vetted like other companies. They are incredibly active on social media and SCRUB this page of anything negative about FTX. + +Sam and Brett deserve criticism and extreme vetting, because they've earned it with their questionable actions. +Yes, they are partnered with gamestop. They are also one of the most cutthroat and questionable firms in the crypto space. So, before signing over to them and becoming their simp, lets look at them from an ovjective lens. + +&#x200B; + +EDIT \*\*I am willing to change my perspective of FTX if/when actions demonstrate that they are reputable and act in more than good faith\*\* + +EDIT 2: u/platinumsparkles asked my exact question to brett, it was about workplace culture. I am still hyper sus but can acknowledge that there is effort being made to try to build bridges. + +&#x200B; + +Don't believe me? here is their trust pilot page: + +https://preview.redd.it/lsnkhcga92q91.png?width=523&format=png&auto=webp&s=bba62c58a4030665ffa4ddd078ff1dba76c5913d + +https://preview.redd.it/iz1rob0b92q91.png?width=601&format=png&auto=webp&s=e44fdb2842ac75298a3228bc4aefc1e1bacd93bf + +https://preview.redd.it/olazjcdb92q91.png?width=624&format=png&auto=webp&s=e2d6f47d177f3eeae32bbc4eb6c5428a9b4842f5 + +&#x200B; + +https://preview.redd.it/xqk2iqpb92q91.png?width=589&format=png&auto=webp&s=2093cafa334736f584020b274323026b540fd5d8 + +&#x200B; + +&#x200B; + +https://preview.redd.it/vdze8ybn92q91.png?width=1038&format=png&auto=webp&s=9be74330bb0a12392a56cb86afd00dfbca287105 + +https://preview.redd.it/72nc1xgv92q91.png?width=714&format=png&auto=webp&s=590d226c1529964c326cc00406e069ebcbadf92b + +https://preview.redd.it/w9jtmygv92q91.png?width=711&format=png&auto=webp&s=0cbc39a9e2bd2d96d53efc93552d1f199e9da899 + +&#x200B; + +Bret Harrison is a disciple of Jane Street, HFT firms, and Citadel. He is NOT one of you. He is a computer scientist that turned to finance for the $, and is also an expert in ETF/OTC desk side (street side) (not retail) manipulation. + +https://preview.redd.it/3jbf74doa2q91.png?width=339&format=png&auto=webp&s=c5b6b5c24f98abbaa1504b103a3530deca7da045 + +&#x200B; + +Mods keep asking me to 'make a point'. The point is that just giving FTX carte blanche around superstonk is not OK. They have not been vetted like other companies. They are incredibly active on social media and SCRUB this page of anything negative about FTX. + +Sam and Brett deserve criticism and extreme vetting, because they've earned it with their questionable actions. +Today the markets continued their upward trend; all finishing up over 0.5%. I had set more than a few limit options orders, but only 1 ended up filling. + +* $SPY: +0.7% +* $QQQ: +0.5% +* $DIA: +0.64% + +Most recent notable past picks: + +* $MVIS: +25% +* $STPK: +18% +* $GEVO: +17.5% + +All of these we have positions for or have written about possible entries in the past recent write ups. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Getting closer and closer to my goal on a Journey to $1 Million. Today my portfolio is up 4.11%, or $28,000. The biggest gainer was $SOXL and semiconductors overall. + +https://preview.redd.it/4ls85mhoxcg61.png?width=925&format=png&auto=webp&s=54e06752b598e21cb01e1a9862b94a9d6fbfb967 + + Here is a master list of my recent options positions that were opened and closed. + +https://preview.redd.it/2888hbipxcg61.png?width=925&format=png&auto=webp&s=fe0793ae131701d0b3eb44a55fc8e2e1a4499412 + + Here is a screenshot of the limit orders from today that didn't get filled. + +https://preview.redd.it/1kjewrhqxcg61.png?width=925&format=png&auto=webp&s=cc7401bf09d411b781352b8dc1e67d596d0d9d09 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Adding to the Watchlist:** + +**$PSTH:** Pershing Square is a Spac managed by billionaire hedge fund investor Bill Ackman. There is a lot of speculation in terms of price, however I will be watching this one closely because if a merger gets confirmed, it still has a lot of room to go up. However, I will not be partaking in the FOMO (fear of missing out), so if $PSTH keeps running up without pull back first, I can skip this one all together. If it does consolidate into my buy zone, I'll be getting some commons most likely. + +* Target Price: $40 +* Entry: <$28 +* Risk: 5 +* Timeframe: 2-4 months + +https://preview.redd.it/wf1yuumsxcg61.png?width=925&format=png&auto=webp&s=b41bff1bc0af9b6f85ca0a18ba920e3eab91e099 + + + +That is all of the new ones I'll be adding to the watchlist today. From yesterdays write up, there were plenty of good ones. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Worth Mentioning Again:** + +**$DKNG:** Yesterday we were anticipating a pull back from $DKNG into our 'buy zone'. + +https://preview.redd.it/suuoh7yuxcg61.png?width=925&format=png&auto=webp&s=850d5f691550f8e5d23924776451c4ffad2d9e96 + +Sure enough it happened. Tomorrow I'll be watching this one closely and putting in some orders for mid term options. I still believe this is a triple digit stock. + +https://preview.redd.it/ybkywddwxcg61.png?width=925&format=png&auto=webp&s=c384edd54b1eeba032ed93b4cb26e9104770cfd5 + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**$AAPL:** Tomorrow, I'll be trying again to get into either some vertical spreads or LEAPS. I still feel like $AAPL is undervalued and easily a $150-$180 stock. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**$IPOD:** This is my worst position right now. My $17.5 Feb 19th call is down 30%. However, when I rated the risk as a 5, I only went in very small. Still, I'll be looking at this one closely tomorrow. As you can see below, it is riding on the support. I am looking for it to bounce tomorrow; I might dollar cost average this position or roll it. Long term outlook is still positive. + +https://preview.redd.it/3l206h9yxcg61.png?width=925&format=png&auto=webp&s=dd5a38619e2eb45c3414ea8bb0c8ec027be052b5 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. +&#x200B; + +https://preview.redd.it/mrkd7s8b7kh61.png?width=1185&format=png&auto=webp&s=fd2f360e216e41ff9d4c9d7d64ba32845c76e9ea + +Looking as bitcoin neared toward $50k mark earlier today I was increasingly motivated to find my old stash of bitcoins back from 2012 when few people had even heard this was a thing. I recall it was the time where Mt Gox was the only real exchange around and we crowded on IRC channels as well as bitcointalk.org. In 2012 I cashed out 120 bitcoins for a grand total of 1.6k usd - which will remain the worst 'investment' ever for the remainder of my life time. + +On another note, today I was scanning all my old wallet backups and found 0.04 bitcoin, worth about 2k USD!!! + +EDIT: Found all these old transactions where I was throwing around 2.5btc like it was nothing... lol (I used to gamble on the OG bitcoin dice site called SatoshiDice and made a sweet penny from there as well) + +https://preview.redd.it/9rktvtlmmlh61.png?width=1176&format=png&auto=webp&s=572258bc6caa4473194ad97df1b362d05b443783 +The other day someone mentioned to me that I was a bit frugal. That got me thinking about the relationship between my personal consumption and investment. I wondered whether it would be a good idea to invest in companies that I personally did business with. I figured that these companies would either have such a strong service/product or position in the market that a long-term investment would be justified. So I tested it. + +The first thing I had to do was determine the criteria which companies needed to meet to get a spot on my list. The following is what I decided upon: + +* Purchases must be notable or recurring. Notable would be defined as single purchases exceeding $250. Recurring purchases would be purchases made at least once annually. *Edit: I am looking at my historical purchases from the period surrounding the beginning of the analysis, not current purchases* + +* Companies will only be included on the list if I am able to associate their brand with their product or service. + +* Retailers will be included in cases where their brand is relevant to my patronage. + +* Companies must be public, Canadian or American(or indirectly available on either country's markets), and listed at the beginning of the modeled period. + +After compiling a list of companies, I looked at the growth(or loss) they experienced over the last 5 years. In my model, I would invest approximately $1,000 into each of the listed companies, rounding to the nearest whole number to determine the number of shares purchased. For example, if I could buy 9.6 shares of $DIS with my $1,000 I would record an investment of 10 shares, while if I could buy 23.26 shares of $KO with my $1,000 I would record an investment of 23 shares. + +**American Stocks** (priced in USD) + +Company | Book Value | Portfolio Value | Growth or Loss $ | Growth or Loss % | Dividend Payouts +:--|:--|:--:|--:|--:|--: +Disney (DIS) | $1,040.80 | $1,330.10 | + $289.30 | + 27.80% | $79.60 +Google (GOOG) | $1,113.74 | $2,843.18 | + $1,729.44 | + 115.28% | - +Coca Cola (KO) | $995.90 | $1,348.95 | + $353.05 | + 35.45% | $169.28 +Lowes (LOW) | $963.17 | $1,597.83 | + $634.66 | + 65.89% | $103.48 +McDonalds (MCD) | $989.00 | $2,135.20 | + $1,146.20 | + 115.89% | $198.00 +Microsoft (MSFT) | $1,008.55 | $3,930.47 | + $2,921.92 | + 289.71% | $187.68 +Netflix (NFLX) | $1,017.60 | $5,530.50 | + $4,512.90 | + 443.48% | - +P&G (PG) | $1,021.56 | $1,479.60 | + $458.04 | + 44.84% | $167.52 +Visa (V) | $1,017.45 | $2,981.85 | + $1,964.40 | + 193.07% | $58.65 +Walmart (WMT) | $1,007.16 | $1,395.84 | + $338.68 | + 38.59% | $122.40 +Amazon (AMZN) | $1,140.48 | $6,027.89 | + $4,887.39 | + 428.54% | - +Berkshire (BRK.B) | $1,031.87 | $1,551.83 | + $519.96 | + 50.39% | - +Ebay (EBAY) | $999.17 | $1,527.66 | + $528.49 | + 52.89% | $22.96 +Facebook (FB) | $1,026.61 | $2,609.36 | + $1,582.75 | + 154.17% | - +Honda (HMC) | $994.20 | $781.20 | - $213.00 | - 21.42% | $134.10 +Hershey (HSY) | $1,037.80 | $1,589.40 | + $551.60 | + 53.15% | $131.70 +Intel (INTC) | $997.50 | $1,852.80 | + $855.30 | + 85.74% | $169.20 +Nestle (NSRGY) | $1,015.95 | $1,398.41 | + $382.46 | + 37.65% | $152.36 +Nvidia (NVDA) | $992.70 | $12,297.60 | + $11,304.90 | + 1,138.80% | $122.85 +Total | $19,411.21 | $54,209.65 | + $34,798.44 | + 179.27% | $1,819.78 + +We saw average annual growth of 35.85% on our American investment. By comparison, the $SPY index saw average annual growth of just 10.6% over this same period. + +**Canadian Stocks** (priced in CAD) + +Company | Book Value | Portfolio Value | Growth or Loss $ | Growth or Loss % +:--|:--|:--:|--:|--: +Air Canada (AC) | $999.54 | $3,245.67 | + $2,246.14 | + 224.72% +A&W (AW.UN) | $985.71 | $1,219.35 | + $233.64 | + 23.70% +CIBC (CM) | $956.70 | $1,219.35 | + $118.30 | + 12.37% +Canadian Tire (CTC.A) | $1,053.76 | $1,159.12 | + $105.36 | + 10.00% +Empire Company (EMP.A) | $984.96 | $1,016.32 | + $31.36 | + 3.18% +Husky Energy (HSE) | $1,017.87 | $287.12 | - $730.75 | - 71.79% +Intact Financial (IFC) | $989.45 | $1,684.32 | + $694.87 | + 70.23% +Telus (T) | $1,022.12 | $1,182.43 | + $160.31 | + 15.68% +TD (TD) | $986.40 | $1,346.58 | + $360.18 | + 36.51% +Total | $8,996.51 | $12,215.91 | + $3,219.40 | + 35.78% + +We saw an average annual growth of 7.16% on our Canadian investment. By comparison, the TSX Composite Index saw average annual growth of 3.06% over this same period. + +**Observations** + +In both Canada and the United States, the stocks chosen based my consumption *crushed* the market indexes they were compared against. The American stocks saw >3x greater returns than the $SPY while the Canadian stocks saw >2x greater returns than the TSX. + +Only one chosen stock in each market saw a decrease in value over the modeled period. Across both markets, nine stocks more than doubled their value. A majority(56%) of chosen Canadian stocks outperformed the Canadian market over this period. A majority(58%) of chosen American stocks outperformed the American market over this period. + +**Guesses** + +If I had to guess, I would attribute the success of the chosen stocks to any combination of the following: + +* Dominant position in their respective industry. + +* Offering an essential product or service. + +* Providing an innovative product or service. + +* Positive or improving brand perception + +I'd really like to hear some comments about this. Let me know what you think, maybe even try it for yourself! +A high IV is the expected move a stock or option will make in the determined future. But if I sell an OTM option, I rather have the price stall because I don't want the stock to make big moves as this will increase the chance of putting me ITM. Pls help me understand why the high IV is so critical. +I am curious how many of you feel that delta is an accurate estimation for ultimately realized volatility delta. In this market I’m finding delta is not an effective proxy for probability. It seems like that even .05 deltas are breached constantly. +I have a CSP thought I sold last Monday for $37 premium and the put expires this coming Friday. + +The same contract yesterday was only $7 to buy. + +I'm thinking I'm ok with buying my contract back Tuesday as I'd rather have my cash back instead of waiting for an additional $7. + +This is where I get confused. I read about people "rolling" their CSPs or CCs and it doesn't make sense to me. + +Help me out, thanks. +This includes all the benefits and perks of full time labor. I get paid vacation/sick days. I can start a 401k they match with finally. I get stock options and bonuses. I get mfing health insurance! + +Best of all I get 40hrs a week that won't be taken from me to keep me part time (yeah they're guilty of that) because I'm legit full time now. + +I'm very happy. Some sad financial things have been going on with me but now I have a little hope at the end of the tunnel instead of lights from a freight train. + +Things can and do get better even when life sucks. + +Obligatory edit to tell how I got here: + +Busting my ass every day at a temp job to show them I'm serious about making money. I'm not special because everyone here does the same. But it goes to show sometimes your hard work will be noticed so don't give up. +Sup apes, + +Smoothbrain here with some spare time to do nothing but think about my favorite company. + +I just paged back 3 years of GME press releases and the current 36 day streak is the longest they have gone silent. The last press release was 9/20/21. The next longest silent periods were 31 and 30 days. + +See you on the moon. +I was reading an article about a deal where the investor was planning to finance it with 40% equity, 40% debt from a bank loan and 20% mezzanine financing. + +I think I get the equity and debt financing part: The investor himself will put up 40% of the cost for equity in the project. 40% will be loaned from a bank on which interest will be paid. + +So the final 20% of mezzanine financing is some lender who comes in behind the bank and puts up 20%? Is it equity or debt? What exactly makes it "mezzanine" compared to the bank loan? + +Thanks :) +I want to maximise the amount of money I'm putting into my investments whilst also retaining sufficient money in the bank for any large unexpected costs in the future. + +I don't have any big purchases (Ie. house deposit or car) on the horizon. + +So much cash do you have in the bank as a reserve? +Just that. We’re looking to sell our place as it’s time to upgrade; the current layout doesn’t suit our family. + +We’re based in Sydney and will be selling our current home and buying in the same market so the dropping market is what it is - our home doesn’t work anymore so we’re not looking to wait it out. + +How has your experience been as a buyer? I know it varies by suburb but keen to hear if there was much buyer competition. If the asking price was reflective of where your agreed price landed etc. + +We went to a few opens today, there were still people going through so it doesn’t seem like the market is totally dead. + +Edited: We’ll be looking in the Sutherland Shire but not expecting much specific to that. +I am looking to move some of my emergency fund into an I-bond, but I'm getting conflicting information from some of my friends. The current rate is just over 9.4% and is due for a rate change in October. I have a couple of friends that are telling me to wait until the change since they believe the rate will increase due to the latest inflation report. Since its already mid-September, I wanted to get some other opinions on whether to buy now or hold off. Is the general consensus that the rates will increase or am I risking missing out on the already stellar rates? +Every day at work, my coworkers go out to lunch. I live in a bigger city and lunch is a whole affair and usually costs me at least $15 if I go for a cheaper healthy option, we sit there for at least an hour. I'm fairly new to this company and from the first time I've been invited I've managed to build some really valuable work relationships and pick up a lot of Intel which I wouldn't have otherwise found out. However, eating out every day is extremely expensive and it's costing me a fortune. How do I not lose out on the networking while saving money? +Ok I'm only a casual fan of economics, but this is something I've always wondered. For a layman it would seem to be incredibly beneficial for the world to switch over to just one currency. It would seem to simplify things, make banking easier and it could also help to eliminate manipulations of economies. + +My question is essentially what would I expect to see in the upcoming days, months and years after all the nations in the world switch to a "Geo" or a one world currency? This is a total thought exercise, and I understand this would never happen, which makes me all the more curious as to the effects of this. + +Thanks in advance for those who spend the time to give well thought out responses. +[Monopolistic Competition and Optimum Product Diversity (Dixit and Stiglitz, 1977)](http://www.aeaweb.org/aer/top20/67.3.297-308.pdf) + +> Under monopolistic competition with differentiated goods and increasing returns +to scale in each good, is there too much or too little product differentiation? This +paper uses classical tools of microeconomics to answer this question, and in doing +so, provides the foundation for an entire literature in which products are endogenous +in number and attributes, and general equilibrium welfare analysis can be used to +examine the consequences of tastes for variety. +What are the biggest discoveries in this science? + +Are there fundemental principals that economists widely consider as absolute? + +Or is it just a political tool and an inexact science.. somewhere far left of sociology on the [xkcd scale](http://xkcd.com/435/)? + + +Edit: I'll add this here as it's a reply to a couple of responses.. + +The subject as a whole seems subject to a large amount of opinion and consequently hard to argue. + +I saw an interesting ted.com lecture, I think it was [David Deutsch](http://www.ted.com/talks/david_deutsch_a_new_way_to_explain_explanation.html), in which it was suggested the reason for the great leap forward in mankinds understanding of the world was because the statements that were made became more exacting and less ambiguous. I guess then more easily tested and contested. With opinion comes slow progress? +There’s a sentiment I’ve seen among far too many people lately that we shouldn’t engage with our governments. People believe—and encourage others to believe—that every aspect of government is rigged, and that there’s no point in participating in the process. + +* “Don’t vote, because your vote won’t matter.” +* “Don’t engage with your MPs because they won’t listen.” +* “Don’t comment on proposed regulatory rule changes, because the comments won’t make a difference.” +* “Don’t bother trying to run for office, because there’s no way you’ll win.” +* “Don’t buy GME because your shares won’t make a difference.” +* “Don’t DRS because there’s no way a small group of independent investors acting alone can lock the float.” +* “Don’t bother trying to post a thread about something you think is important on r/superstonk because it won’t gain any traction.” + +Wait, those last three have nothing to do with participating in government. + +# **Don’t you see it’s the exact same thing?!** + +Rich and moneyed interests are afraid of people participating in government, because with how most democratic governments are set up, if enough little people get involved, the rich and moneyed interests will lose some if not all of their power. They try to discourage it, and spend TONS of money year over year over year trying to prevent people from participating. Just look at all the lobbying groups and PACs supporting politicians in the US who want to take away voting rights. Just look at how obtuse the rule commenting process is, and how little information is out there on MSM about commenting—hell, I bet most of us didn’t have any clue that there **was** a public commenting period for new regulations until it was brought up. + +They don’t want us to vote. + +They don’t want us to engage with our MPs. + +They don’t want us to comment on rules. + +They don’t want us to run for office. + +The avenues for our participation in government are paved and well-established, but these bastards have been working hard to set up roadblocks. But fortunately for us, **all power in government is derived from the consent of the governed.** The only way a government can be of, by, and for the people is if the people participate in it. By not participating, you are giving your tacit/implicit consent for what government is doing. + +# **Let me say that again, louder for the people in the back: by not participating in government, you are telling that government you passively agree with what it’s doing.** + +Look, I get it. I’ve been through more than my fair share of disappointing elections. I’ve seen really good candidates get bullied out of races during the primaries because they didn’t have the support of the rich and powerful (read: the DCCC). I live in Arizona, and in 2018 I had to decide between Kyrsten Sinema and Martha McSally. But I still believe in the system. Do you want to know why McCain killed the GOP’s plan to gut ACA? **It’s because thousands and thousands of people here got on the phone and called him to defend it.** I was one of them. His voice mailboxes were full for weeks around that time, and I was regularly waiting on hold for over an hour before I could talk to a staffer. + +The system is imperfect. There are flaws. There are holes and there are issues. **But it is only through generations of complacency that it’s become as bad as it is, and it’s only through rigorous persistent action that we can work to fix it.** + +I believe in GME because the fundamentals are sound, but also because I believe in the power of a bunch of like-minded people coming together to accomplish something. That’s what government is supposed to be. + +I’ll leave one last point before I let this rambling essay come to a close. + +When MOASS comes and the markets of the world burn and we become overnight multimillionaires, I hope we’ll be willing to swing our newfound weight to get involved in government. **The only way we can affect meaningful change in the wake of the disaster that SHFs and their buddies have cooked up for themselves is through government.** A lot of people are HODLing to fuck over the system—well guess what, the system will still be there **unless you participate with the powers that be to change it.** + +We know how corrupt the SEC and the Fed are, and how powerless and weak they are. We have learned *so fucking much* about the markets, macroeconomics, microeconomics, economic history, financial policy, financial law, and precedent during the past two years that we ought to be given honorary degrees (seriously, the DD here is *really fucking good*). We know where the problems lie, **but unless we chime in and participate in government to highlight those problems and push for them to get fixed, they will persist.** + +We will need to comment on rule changes. + +We will need to engage with our MPs. + +We will need to vote. + +And if we don’t trust candidates running for office to be able to comprehend and fix the problem, we need to run for office ourselves. + +Don’t buy the FUD. We’re going to change the world, but we can’t do that unless we’re willing to be a part of it. We can’t fix our governments or our systems unless we’re willing to participate in them. + +This is obviously not financial advice. I have all my shares DRSed because it’s a good idea. I participate in government in my downtime because it fucking *works*. + +EDIT: Thanks for your concern, apes, but I’m not a danger to myself. <3 +The recent update to 72t Substantially Equal Periodic Payment withdrawals allows for significantly more flexibility in early retirement. Additional context may be found [here](https://www.reddit.com/r/financialindependence/comments/slwqh1/72t_payment_interest_rates_can_now_be_the_greater/hvxfemb/). I wanted to see what effect this would have when comparing to the Roth Conversion Ladder (RCL). + +For simplified context, 72t withdrawals are can be set to a fixed amount that will last until age 59.5. The account cannot be used for any other kind of withdrawal after SEPP is started. The amount withdrawn generally cannot be changed, and does not keep up with inflation. The Roth Conversion Ladder consists of converting an amount desired for spending 5 years into the future. After 5 years, the converted amount is available for withdrawal. Other funds are needed to cover the 5 year gap before the RCL is mature. + +In my comparison, I tried to set up a reasonably fair set of circumstances: + +* 50-year-old retiree who has $1M and wants to spend $40k/yr after tax. +* Inflation ends up being 3% per year, but the retiree doesn't know this in advance. +* Growth in each account is 7% per year. +* The retiree has $770k in Trad and $230k in a "magic" Roth where all funds are available for withdrawal immediately. (An alternative approach is a taxable account that stays within the 0% LTCG bracket forever.) + +The retiree needs to take $43500 from a Trad account to end up with an after-tax spending amount close to $40k. Inflation increases the amount needed to spend each year, but the effective tax rate of Trad withdrawals stays at ~8% because tax brackets match inflation. [This](https://imgur.com/7ZsL99w) is what the annual spending is each year, with the inflation portion broken out, until age 59 (after which all accounts are available for withdrawal). + +[This](https://imgur.com/3dxoxzL) shows the modeled 72t withdrawal scenario. Amounts shown are at the beginning of each year, with the exception being the balance at the end of the year the retiree is 49 (shown as 49.9). Every year the retiree takes $43,500 from the account which allows for $40k of after-tax spending. Starting at age 51, they also take an amount from the Roth account necessary to cover inflation at 3%. Each account grows by 7% before next January's withdrawal of $43.5k+inflation adjustment from Roth. + +At age 59, the Trad account has $814,598 and the Roth account has $352,269. Adjusting for an 8% tax rate on the Trad account, **the after-tax spending available after a decade of 72t is $1,101,699.** + +[This](https://imgur.com/K8ErqID) shows the modeled RCL withdrawal scenario. *[Edit: see addendum below]* $43,500 is withdrawn from the Trad account each year and goes into a Ladder account. This Ladder account also grows by 7% each year. The retiree only needs to take out $40,000 from the Roth account (plus inflation in future years) because there is no tax owed. Starting at age 55, $43,500 is taken from the Ladder account and only the inflation adjustment is required from the Roth account. The Trad account has $1,064,755, and the Ladder and Roth accounts (same tax-free treatment) have $130,341 combined. Adjusting for an 8% tax rate on the Trad account, **the after-tax spending available after a decade of RCL is $1,109,916.** + +There is a less than 1% difference in the after-tax spending available when comparing the 72t approach to the RCL approach. That being said, recall the favorable assumption in favor of the RCL: there exists a Roth account that miraculously has nearly all its value available to withdraw as basis without tax or penalty. If you assume a taxable account instead (where you can access earnings easily enough), you must also add a little tax drag each year (both in accumulation and in retirement). Last, but certainly not least, is that the retiree is now age 60 with either $350k in Roth dollars (72t) or $130k in Roth dollars (RCL). All things being equal (or, in this case, within 1% of each other), I'd much rather have $350k in Roth dollars with all the flexibility that entails. + +**** + +**Addendum** + +[This](https://imgur.com/UzHVysT) may be a more fair RCL scenario. The RCL scenario here ends up with a little less money ($1,076,924 vs $1,101,699, or 97.8%) and a slightly lower Roth balance ratio (30.4% vs 32%). I think both are slight marks against the RCL scenario, and this again started with optimistic assumptions including a "magic" Roth where the entire amount is available for withdrawal as basis. + +Edits are as follows: + +**The Ladder Balance should only have $40k entered after taxes are paid from the $43.5k coming from the Trad conversion.** I don't think it matters to pay the taxes from Roth or Trad, because either way $3500 in Roth-equivalent dollars are subtracted from the total portfolio (either from the existing Roth account or from the Ladder). + +**Conversions continue throughout the period.** This seems fair, as the user is making the most of the standard deduction and 10% bracket, and any additional amount in the 12% bracket should be a wash. + +**The Ladder Balance only grows by 3% (i.e. inflation) for the first 5 years.** This is crucial because money in the Roth is highly constrained. Even in the optimistic "no sequence of returns risk" (SORR) setup shown here, the original Roth account is depleted to 10% of its starting value. There is no room for substantial stock market decline. Even taking this optimistic scenario, I did not think it was fair to assume the Ladder account could be exposed to the stock market in this way. The Ladder account (as an extension of the Roth balance more generally) *must* hold its value for 5 years because it's the only place to draw the $40k basis that's needed in 5 years. A large stock market decline would severely jeopardize the withdrawal scheme. Contrast this to the 72t scenario where the total withdrawals from the Trad account are around 56% of the starting value and the total withdrawals from the Roth account are 25% of its starting value. There is room here to hold a balanced asset allocation in both accounts and see identical returns. +🔥🚀 $SAFEROCKET – The COUNTDOWN Begins | T-2 Hours Until Launch | This Is Going To Be HUGE | 3,000 Telegram Members Seatbelts Ready🔥🚀 + +Are you READY for the BIGGEST PRESALE Coin of the DAY! + +SAFEROCKET – DESTINATION – MOON & BEYOND + +NO DEFI, NO BULLSHIT, NO HONEYPOTS & NO RUGS – (liquidity locked for 4 months) + +Countdown – [https://countingdownto.com/?c=3539036](https://countingdownto.com/?c=3539036) (Only An Hour or Two to go)🔥🚀 + +Telegram – t.me/saferocket1 (stay here for all launch information, as soon as it drops) + +Twitter – [twitter.com/saferocket2](http://twitter.com/saferocket2) + +Buy Presale – dxsale.app (after countdown) + +Do not bother with anything else, this is the one. + +✅ Presale Within 2 Hours via DXSALE.APP (standard contract) + +✅ Fair launch with buy limit (Softcap 10BNB – 420BNB + +✅ Min Buy In 0.5 – Max 10BNB + +✅ LP tokens ( liquidity locked For 4 MONTHS) + +🔵 Website Launch + +🔵 Applying for coingecko + +🔵 Applying for coinmarketcap + +🔵 Marketing (ongoing) + +🔵 Apply to list on exchanges + +🔵 New platform extensions + +🔵 Website redesign + +🔵 More marketing efforts +Everytime i see someone post about purchasing their life savings into a single stock, and watching that post get thousands of upvotes, it immediately tanks. Thats when you buy. Rinse. Repeat. + +&#x200B; + +This is not investment advice. + +&#x200B; + +This is trend advice. +I pay monthly instalments by direct debit (circa 120) and I have told my council that I am moving out in 20 days so expected my final bill to be a bit lower than 120as it’s not a full month from the previous payment. + +To my horror, they have sent me an ebill for 800 pounds, for the rest of the tax year due in September! + +Is this a normal error?! Can I delete my DD until they sort it out? +[https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus](https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus) + +"Microsoft is allowing its employees to work from home permanently. While the vast majority of Microsoft employees are still working from home during the ongoing pandemic, the software maker has unveiled “hybrid workplace” guidance internally to allow for far greater flexibility once US offices eventually reopen." + +EDIT: the title should be “MSFT letting SOME employees work from home permanently.” +Imagine you're young, unemployed, but with good credit, and interested in real estate. You manage to convince a family member to become an angel investor, or private lender, letting you borrow cash. How would you utilize that 25k to maximize your potential in this industry? +I am considering purchasing a mobile home park. It is on city water and sewer (which is a bonus). Most of the homes are owned by the tenants (bonus). A management company is in place. + +For those of you who have invested in mobile home parks, what else do you look for? +When I say the BASICS I mean the basics. I wanna learn the terms and the lingo, the technical stuff. For example, what exactly does a real estate agent do? What type of taxes are include on properties? Etc. + +I feel like most of the podcasts i find on real estate are not specific at all. People just talk about how they found good properties but I want to learn the technicalities and different terms used (so I can follow along message boards). + +I work a pretty monotonous job so I want to listen to educational podcasts on real estate so I can learn while working. Anyone have a good recommendation? +What would you say was your biggest 3 regrets or are you happy with your investment? + +if you had to do something different what would that be? + +my market just doesnt make sense number wise so i rather be in a state where homeownership is less of burden for long term hold. +What would you say was your biggest 3 regrets or are you happy with your investment? + +if you had to do something different what would that be? + +my market just doesnt make sense number wise so i rather be in a state where homeownership is less of burden for long term hold. +Quick index search tells me that some of the hardest hits where GS positions, but also companies with ties to Russia. What truly happened? Who sold? RIP stoplosses + +EDIT: Im a Retard, 2,5% on DAX the graph below, the 10% dip "only" happened in Denmark Finland and Sweden. + +EDIT 2: Apparently it's one player on the market selling everything at once [https://view.news.eu.nasdaq.com/view?id=b200356852c002d85b6fda00e0f1a300f&lang=en](https://view.news.eu.nasdaq.com/view?id=b200356852c002d85b6fda00e0f1a300f&lang=en) + +EDIT 3: As people has been saying in the comments(I see you! I just need a source), Citi-Group pressed the Red button, leaks collected from the closest thing i get to a source: [https://www.euroinvestor.dk/nyheder/amerikansk-storbank-bag-lynkrak-i-koebenhavn?fbclid=IwAR0pEDbM0LLtDIYA2nc\_rX8vxYSd788OiaQ8XyoJBRqZOK8rPpCSn7PS34M](https://www.euroinvestor.dk/nyheder/amerikansk-storbank-bag-lynkrak-i-koebenhavn?fbclid=IwAR0pEDbM0LLtDIYA2nc_rX8vxYSd788OiaQ8XyoJBRqZOK8rPpCSn7PS34M) + +https://preview.redd.it/21fivpk9n1x81.png?width=989&format=png&auto=webp&s=68f17f39c879c74caf0a446e5b281286798e2511 +Hi all + +I've been working in the public sector for a long time (since I was a grad) and am soon moving to a large corporate to work in international tax. + +I hit a point of diminishing returns in the public sector and am willing to take the lifestyle hit to hopefully benefit my career and gain some much needed stimulation. + +Has anyone else done the same? How was your experience? Any tips on transitioning? + +Cheers +One of the main reasons for people in Australia flocking to property/real estate as an investment is due to the "safe as houses" cliche in which houses are seen as a far more guaranteed return than stocks. + +If the government don't want to touch levers directly related to housing investment, would it not then make sense to implement some ways to make buying shares more appealing in comparison? + +Given the money is used to fund companies, which creates jobs, it can be seen as a far more productive use of cash for society than pumping money into investment properties. + +Could some combination of things like: + +* Reducing the length required to hold stocks for the CGT discount +* Reducing/removing the % amount of tax paid on stocks gains entirely? (NZ does this) +* Encourage banks to make wider-spread the availability of programs like NAB's Equity Builder that allows access to some leverage for the markets? +* Incentivise investment in companies under a certain $ market cap size to encourage more innovation? +* Greater education / initiatives about investing in stocks & how to get started (highlighting the financial viability of the rent + invest combo, etc) + +... any other similar ideas? + +That way it could be framed in a more positive light, and stop making residential housing as much of a speculative asset. +**If we like the stock, we like the stock yeah? We shouldn't be blocked from being able to take part in an IPO or capital raising.** For some context, read the links below. + +[Time to level the capital raising field for retail investors (afr.com)](https://www.afr.com/wealth/investing/time-to-level-the-capital-raising-field-for-retail-investors-20200525-p54w40) + +>**Retail shareholders are significantly disadvantaged** when their wholesale counterparts are issued securities at a discount to the prevailing market price. They are excluded from the opportunity to buy shares at a discounted price and their shareholding is diluted. +> +>**Retail investors have been excluded from more than 60 capital raisings conducted at a discount of at least 9 per cent in April 2020 alone.** + +[Why are SMSF and retail investors missing out on ASX capital raisings during COVID-19? - SMSF Association](https://www.smsfassociation.com/event/why-are-smsf-and-retail-investors-missing-out-on-asx-capital-raisings-during-covid-19) + +>**Many capital raisings during COVID-19 were issued at a 10 to 15 per cent or higher discount to the last traded price. This is a significant penalty for retail shareholders who missed the opportunity and also means their current shareholdings have been diluted** + +Why do the big boys and all the "sophisticated investors" get to take part in these HUGE deals at a significant discount, IPOS etc, where the trade volume increases a lot? **10 -15% is a lot..** + +Why do the big boys get most of the shares in an IPO or placement as well.. then diluting other shareholders too? + +&#x200B; +Tyro 2 weeks ago and now Nearmap, I'm wondering if the level of active targeting we're now seeing by short sellers is the start of a trend - it seems to be a lot more common than it was previously. + +I'm really curious how these reports and responses don't seem to be under the investigation of ASIC.. For example, Viceroy made a claim that 50% of Tyro's merchant terminals were bricked. Whereas Tyro have said this is false. Which is it? One of these parties is lying, which either means that Viceroy is trying to manipulate the market, or Tyro is lying to the market. + +Meanwhile, we're hiring people to decode rocket emojis to see if the $200k total capital floating around ASX\_Bets is market manipulation? +What up and coming tech and renewable stocks are you jumping on for the mid-long term renewable boom? Have a couple in my portfolio and wanting to have punt with my returns. Give me some companies to research 👍🏻 Cheers +Might get a decent tax return and am looking to donate it to the private sector but it seems like in the current market company fundamentals actually matter again. Can someone tldr if NVX is actually a viable company? +I would give you a super long background but because 99% of you won't read that much I recommend you just check out their website and I'll focus on why you're all here - why they'll moon, but TLDR they are basically Spotify for artists/the corporate music industry instead of individual listeners/consumers with real platform stock capabilities. + +I highly recommend checking out the following video to understand their transformative deal with Songtradr. Some of the questions answered in the 2nd half of the video really open you up to the capabilities and opportunity here: + +[JXT Business Update](https://www.youtube.com/watch?v=oxcyIyFYqdQ&feature=emb_logo) + +Management have substantial skin in the game and like the best tech stocks, their platform is highly scaleable and growing in a sector worth $2.5B sector annually. The best part is they are tiny at only 30M market cap and trading substantially below last week's high on low volume, technicals on this thing are outstanding and primed and ready for a big re-rate which I suspect we'll get later this week post this Wednesday's annual results which going off their website stats should be top-knotch. They already have data rights in place and existing partnerships have again already been established, geographic expansion is pretty seamless yet barriers to entry are high due to the legals involved and first mover advantage in this space. + +The main downside to JXT is just how technical what they do is, your average boomer investor that thinks they're clever for investing in Afterpay just isn't going to understand how Jaxsta works and so its hard for a lot of retail investors to understand. + +Thankfully for us this means it only trades at \~$30M which provides easy multibagger potential. Steady growth will translate into steady share price growth however more API deals will really send this into the stratosphere. We are hoping to find out more about these deals when/after their Annual Report is announced on the 30th, this Wednesday - Which is why so many posts in the general have been "JXT WEDNESDAY" but really I think this is more of a short-term/medium-term hold. + +This is also really good reading: [https://www.livewiremarkets.com/wires/finding-the-next-afterpay](https://www.livewiremarkets.com/wires/finding-the-next-afterpay) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +CONCLUSION: CUP = Buy + +I have concluded CUP is quite undervalued as compared to listed peers based on some analysis id like sense checked + +But have I calculated the below correctly ? + +Industry: Accounting/Financial Advise + +Stock: CUP (Countplus) listed on ASX + +FY22 Results: + +https://www.countplus.com.au/shareholder-centre/annual-reports + +Price: $0.68 + +Market Cap: $77.7m + +Attributable EBITDA: $8m - pg 16 of financials + +EBITDA Multiple: 9.7x ($77.7m / $8m) + + +Vs + +Stock: KPG (Kelly Partners Group) + +Industry: Accounting/Financial Advise + +FY22 Results: https://www.listcorp.com/asx/kpg/kelly-partners-group-holdings-limited/news/fy22-annual-report-to-shareholders-2741961.html + +Price: $4.45 + +Market Cap: $200.25m + +Attributable EBITDA *: $9.7m ($23.1m x 42%) + +EBITDA Multiple: 20.6x ($200.25 Market Cap / $9.7m) + +* Unfortunately attributable EBITDA not specifically shown from what I can see in financials :( + +(My calc for KPG Attributable EBITDA: $23.1m per fy22 stat accounts less non controlling interests which I have calculated by using the controlling interests % as shown on page 27.Total comprehensive income is $13.3m which is apportioned $7.8m to non controlling interests and $5.6m to KPG Holdings. This must mean 42% is attributable to KPG Holders.) + +Thank you for those that would like to contribute and point out any holes in my logic 😊 +My 16 yo daughter is HFA, and has ADHD and anxiety. My goal at the moment is to get her thru high school with a diploma. I'm worried for her future though and want a cushion for her once I'm gone. I'm 53 so I am much older than normal parents of kids her age. She doesn't qualify for disability or any other services. She insists she will not go to college, and just getting her thru HS will be a chore and probably take an extra year. She doesn't drive but maybe in a year or two we will look into it. + +I work for a large healthcare org and have already got her volunteering there. I'm hoping to get her on full time after she graduates in a entry level role. That should pay her a salary that is above minimum wage with good healthcare and benefits where she can save for retirement. + +I've stopped contributing to her 529 accounts but if she decides on a trade school or something later on, there is probably enough there to get her thru it or at least started. + +I make pretty good money and she is my only child so she will inherit my house, any investments, etc but I want to make sure she can live a decent life after I'm gone. I already have a HY savings account for her. + +What should I invest in for her now? Roth IRA, traditional IRA? I've heard investing a small amount at an early age will pay large returns at retirement so I want to start soon. Her first job we will max out any 401ks etc but that is at least a couple years away. +Being a very new investor/trader at 28yrs old (join/started feb2020), I've been very fortunate this past year with my investment outcomes and returns. The main pull off my gains has come from PLUG avg $7.2 avg purchase, BA at $102 avg purchase price, and RCL avg $23 purchase price with a plethora of smaller holdings with varying outcomes. Today I hit the point to where my gains were large enough to make me start feeling nervous for the first time. With roughly a $5800 initial investment, my account totals just under $22k. I know trading off of emotion is terrible and one of the worst things you can do, I'm torn between taking all profits, withdrawing and paying down credit card and student loan debts, or continuing in reinvesting. I know the market is not always this bullish, I know that the last few months have been insane regarding some volatility. Which also makes me want to pull back and take the profits for right now. Thoughts on approaches and smart investing/financial management? I'm leaning towards pulling and applying to debt with a financial security/safety net with plans to start investing again after becoming debt free. Thoughts would be greatly appreciated. +What materials (books, online courses, etc.) did you find to be the best most helpful, when you just started out to make your own trading algorithms? + +I'm currently quite lost as there are so many ways to implement a trading bot, and I really don't know what techniques are profitable. For a start I thought an arbitrage algo for the cryptocurrency space could be a good idea - what do you think of that? + +I have completed writing my trading algorithm which works on select \*futures\* products, and am ready to open an account and start trading. + +&#x200B; + +I read on here that IB is the best broker to go for. However, I tried to sign up and they require you to have 100k in liquid capital and earn over 50k a year to open an account. I just finished my degree and I don't have either of those things. + +&#x200B; + +I have been looking for another broker, and the whole futures trading thing seems like a huge complicated mess to me, and I don't understand it. There are just so many options for all sorts of different things. Let me write down what I have worked out so far and someone can correct me if I have something wrong, then I will ask questions at the bottom. + +&#x200B; + +My understanding so far is that in order to trade futures you need 4 different things. + +&#x200B; + +An account with clearing house (or FCM which is apparently the same thing) such as Dorman Trading or Phillip Capital , which charges you a fee for every trade. + +An account with a broker such as TradeFutures4Less, CannonTrading, EminisTrader...etc, which also charges you a fee for every trade. + +Access to a trading platform, CQG, Sierra Chart, AgendaTrader...etc. THese guys either charge you a fixed amount each month to use their platform or a fee for each trade or both. + +Access to an API such as CQG API or Rithmic API...etc. My understand is that to use their APIs you also need to be using their trading platform? + +&#x200B; + +Anyway, this is all very confusing. Is my understanding correct? Do I really need to sign up to all 4 of these different things and get them all connected in order to trade futures? Are all these people going to charge me fees for every trade? + +&#x200B; + +There are just so many goddamn options for trading platform or API, can anyone recommend one to me? CQG seems popular, is this a good option to go for? + +As far as brokers go, EminisTrader and TradeFutures4Less seem to have the lowest fees and lowest day trade margins. Are these good options to go for? + +Is there anything else I need to know? + +&#x200B; + +Thanks for your help. + +&#x200B; + +\*\*EDIT + +&#x200B; + +Ok so from what I have been reading the most important thing is the API because you want one that is easy to use and transferable to other brokers. Also, it seems like when you use a certain API, you are actually using their backend infrastructure to place orders, NOT the backend of the broker. At this point I actually have no idea what the broker even does? The most popular APIs seem to be either CQG or Rithmic. Has anyone used either of these? +What materials (books, online courses, etc.) did you find to be the best most helpful, when you just started out to make your own trading algorithms? + +I'm currently quite lost as there are so many ways to implement a trading bot, and I really don't know what techniques are profitable. For a start I thought an arbitrage algo for the cryptocurrency space could be a good idea - what do you think of that? + +I make 130k/year, I bought a 410k house a few weeks ago with 20% down conventional loan @ 3.15 interest. + +My 30 year payment is 1400ish (not including taxes, insurance, etc) but I was planning on paying half my take home income (4kish) to get it done in 6-7 years. + +But I am wondering if this is dumb, because interest rates are low should I be paying the minimum and instead putting the rest in something like a Vanguard IRA? +I've been reading a lot of posts about how one could at a maximum spend about 30% of your take home pay on renting a house. + +I just moved to a new city for a new job and while searching for a house on rent, I found this place that costs 25k for a 2BHK. +My annual gross salary with this new company is approximately 18lacs. Given this salary range, I'm thinking 25k for a house within the advisable range. + +I would like to know and understand if there is a model/a guideline that you follow. Or have you attempted to move on from renting a house to buying one? + +[cross posted from r/indiaspeaks] + +Edit: just to clarify, I'm talking of my case where I'm married and my wife does not work. +Ideally, what is the maximum percentage of the salary that should be going towards rent? + +Recently (from past 3 weeks), there has been significant drop(0.5-1.5%) drop in debt funds nav. I am tracking top rated corporate, psu, dynamic bond funds. There hasn't been any interest change from RBI and corpus is either AAA or sovereign rated. And no news of any default yet. + +I am unable to ascertain the reasoning behind it. If someone can either explain or mention some educational links, it would be great. + +Most contents either refer to credit risk or interest risk. Credit risk may not be applicable or feebly applicable to these funds. Not sure how interest risk is impacting. +I came up with this idea to save taxes, and think this might be legal? Electoral Bonds _are not non-transferrable_ as far as I can tell, and are classified as bearer instruments (owned by the person who is physically holding it). Kinda like Sodexo coupons or cash. The person who holds them owns it. However, it is just a piece of paper with a watermark from SBI. It doesn't have your NAME on it (important) + +SBI sells Electoral Bonds, but not in cash (cheque/DD/NEFT etc). You could buy one in denominations of 1k, 10k, 1L, 1cr but it can only be encashed by a political party. SBI stops selling it on 10th April for the next elections. + +The expectation is for you to buy it and give it to a political party, who than encashes it with SBI. + +However, if you have a ton of cash you want to donate to a party - Electoral Bonds are perfect for you, since they let you bypass the 2k cash donation limit. So there's a market for donors who want electoral bonds against cash, but since SBI doesn't accept cash, here's what we do: + + So what you can do is this: + +1. Buy Electoral Bonds with your hard earned money. SBI asks you no questions. +2. Find a rich-person-with-cash who wants to donate to <political party> +3. Call them up and sell it to them for <insert whatever you want> + +They are also tax-exempt on the total amount. You get a small amount of cash (not enough for IT department to care about) - the tax exemption alone makes it a worthy investment imo, but you can ask for more from the donor. The donor now has a Electoral Bond they can shop at various election candidates or parties. + +Does this sound like a safe scheme? Electoral Bonds go at sale 4 times a year, and are sold for 10 days each time - being valid for 15 days from the date of purchase - so you should be able to do an initial-tax-saving-investment at the start of this year, and again at the end of the year to ensure maximum tax benefits. + +There are no limits to the amount of tax savings, so you could potentially get to Zero Taxes via this? +Hi, + +I have currently tracking my portfolio with google sheets. But there is one thing I needed help with - + +1. To make the ask simpler, I am creating the following case scenario. + +I have currently SIP of 12.5k per month to Axis Long Term Tax Saver Fund. I want to track this folio value without having to manually update every month. + +To calculate the folio market value, I need to call the unit price of the mutual fund and multiply it with my the number of units I hold. +Let me know if there is an alternate way to this. + +If there isn’t, then whenever the SIP of 12.5k is getting invested in the MF, I get units by the formula (12.5k/per unit price). This number is clearly random every month. So, I can’t think of a formula for it. + +Please let me know how to crack it. +My parents are in their late 40s right now, where retirement is very feasible and have many friends who are doing the same. They’ve had roughly like 10 friends who attempted retire, given their accounts and net worth were perfectly in shape. + +Not one of them lasted in the retirement game for longer than a year, roughly half of these people only lasted a season. The reason wasn’t financial or that they were struggling to stay loyal to their retirement’s bounds, it’s that they got crazy bored. Most of their friends are either still full time or busy doing their own things, their kids are young adults busy enough to not talk to them much anymore, and they can’t simply travel too extravagantly/frequently because their retirement account obviously has a budget constraint. + +(DISCLAIMER: I’m well aware this sample only spans 10 adults, there’s nothing scientific, and I’m just talking about this subset of well off adults I know. I know simply being bored enough to go back to work isn’t a guaranteed symptom with FIRE.) + +Many of these people returned to the workforce, but obviously not in full capacity since there’s no necessity. A few them became private consultants for their own industries and get away with charging rates at nearly half a thousand an hour. Even at half a work week, this is surgeon money. If they didn’t become consultants, they took much fewer shifts. All of these people came back to the workforce far happier since they reaped this sense of control and power with respect to their professions. They don’t need to be out here anymore, but their job has been fruitful enough that it’s latched onto their identities and has now reverted to a passion hobby. I’m glad they see their jobs as a calling. + +Witnessing this, my parents have no inclination to retire. My mom is a veteran doctor who cringes at the thought of leaving her patients alone, my dad is an IT exec. who gets hard-ons when talking about computer systems. **They say they'll try to scale back and go easier, but they don't wanna stop working until death/incapacity.** Both of them strongly believe they'd grow irritable, bored, and brainless if they aren't exercising their mental and professional muscles. Their ex-retiree friends feel most similarly. + +I’m not sure I agree with them. + +**Is FIRE overrated, or are these people way too boring in life to need to go back to work as a means of passing time? What do you think?** +Finally people here are questioning authority, instead of blindly praising mods. Ever since this sub was created, there have been cringy posts every week that were just dick sucking mods such as u/rensole and u/redchessqueen99. Posts that had nothing to do with GME, just thanking them for doing such an amazing job. Like wtf guys?... that shit was weird and no reddit mod deserves that much praise. You don't know who they are in real life or their motives. But finally people are coming to realize that the mods are not as awesome as they thought they were. This is a great thing because if one of these mods started promoting to sell GME, then everyone is immune to their authority now. Apes now know that the real authority in this situation is the amount of shares that they own. Don't expect u/pinkcatsonacid 's new sub to be any different. You don't think that she is on a power trip as well? I would suggest to follow all the GME related subs and make your own decisions on what is good material instead of listening to only a handful of figures on this sub. I am proud of you guys for your critical thinking skills. Remember to ignore dates, every single anticipated date on this sub has been wrong and it has only created FUD. The only person in control of the GME squeeze is every individual holding GME. Don't let this drama turn into FUD, this GME saga is nowhere near over. It is time to show true 💎🤲 + +...And fuck apefest +Came here from [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) after someone told me to ask here, so this is a repost from a few minutes ago + +Lately, my parent has been communicating with someone they met online and (from what it looks like) they seemed to have "hit it off" + +This person from the internet asked my parent to download CoinBase so they(the person) can transfer some bitcoin to them(my parent), and then my parent can transfer it back once that person comes to our country to spend time with my parent and work from here. + +For me, it feels like some sort of scam and I dont know who or where to ask for help on this. + +I do not want to hurt my parent, but I do not want to find them at a point where they are both heartbroken and scammed + +Would love to some help if possible +Hello ALL, + +So I am 24yo, a team leader, and just moved to another shop (same company). My new boss is always telling me how I should spend money, how I need a car to have a better life quality, to give the right message to my team, how cycling to work isnt good for me. I´m realy getting tired of hearing him tbh, how would you deal with it? Should I just give him a hint I have a larger than normal stack for my age and I´m preparing to retire? +Realy apreaciate any insight. thanks +Nobody knows anything. Nobody has any edge based on the information they know despite what they may believe. + +I’m sure most of you saw the post yesterday and thought the guy was onto something but if you really read through the comments, he contradicted and backpedaled in many discussions. Not to mention his prediction was just flat out wrong (futures up big right now). + +These people may sound convincing and superior. Don’t believe the BS, and ask yourself if they really knew something the world didn’t, why would they be posting it on Reddit to share? +When Jeff Bezos divorced his wife she [sold a bunch of shares of Amazon stock.](https://www.cnn.com/2020/01/28/tech/mackenzie-bezos-amazon-shares/index.html) Lots of this money was given to charity but she retained much and is worth more now than at the time of the divorce. Most would find this normal, but I think of it as a simple misdirection. Jeff brings no attention to himself as he is not the one selling the stock, his wife is. A simple magic trick but an effective one. + +Now we have another large player announcing a divorce. What stake would Melinda keep in Microsoft? Why would an ex wife keep confidence in their ex lovers business? So again. Another sell signal and then quickly covered with philanthropy. + +The best trick is one that can be done with repetition and not discovered. The biggest tell is to watch the hand that is not moving. + +Pay attention to the money she isn't giving away. All the big players know there's a crash coming. None of them want to yell loud enough to begin the avalanche. + +Tldr: I ate too many crayons but I think that divorce might be a cover for selling stock. + +Hodl, buy dips, stop reading Stonk posts if you need to. Go for a walk. Find peace so you can handle the squeeze without anxiety. + +I'm not a financial advisor this is not financial advice. +I suppose most people have had a strange year in 2020, but for me it has been particularly odd. I've been actively chasing FIRE with my partner for the last ~5 years, and expected to be working on it for another 5-10 years (but said too much on my main, so here's a burner!) + + +Part of that plan was always to have one or two children, and I knew that would present a challenge - after all, they're not cheap, even if you're frugal, and although we could potentially both achieve pay rises to balance out the effects, it was a massive unknown. That was a driver for RE, though, so that I could be actively involved in their lives. + + +In the event it has taken quite a different turn. My daughter was born in March, and has been quite unwell ever since her birth. To cut a long story short, her condition is very poorly understood (because it is so unbelievably rare), but the world-leading expert who is now responsible for her care believes that it can only improve - and potentially the point that no-one would know she was ill. How long that may take is anyone's guess, but we're probably talking about a few years. + + +Concurrently, my employer has been quite flexible, and they gave me 6 months off to deal with the immediate aftermath. In October they agreed to give me another 6 months off, although this time at 50% rather than 100% of pay, which I immediately accepted. I don't know right now if I'll be able to go back at the end of that, but I also don't feel like I care that much. If we have to scrape by for a year and delay FIRE, and then get a different job down the line that pays lower and delay FIRE a bit more, I'm suddenly much more open to that than I would have been a year ago. + + +It has been an interesting journey for me both logically and emotionally, and although I imagine that many people would throw FIRE to the wayside because it isn't integrally important to the problem, for me it feels just as critical as ever. I don't think I'm at the end of this thinking process, but wanted to share some lessons that I feel I've learned and see what thoughts or experiences others might have. + + +* 1 - Knowing *why* you want to FIRE (and *if* you genuinely want to RE) might not matter when you're starting out, but when problems hit, suddenly it really does. For me, one of the main reasons to FIRE is to look after my child(ren). Admittedly, I'd envisaged cheering them on at soccer practice rather than staring at a bunch of medical equipment at 3am in the morning, but that doesn't matter. + +* 2 - FIRE is not a rod for your back. Yes, MMM might shout at you because you ordered a takeaway pizza, but he isn't going to be standing at the pearly gates with some accounting software before condemning you to a pit of angry bear markets. It is simply an extension of trading time for money. When life kicks you in the balls, it's OK to buy some ointment. In this case, my high SR allows me to take a temporary salary drop that might mean skipping mortgage payments for other people. Or to consider throwing more money at daycare once COVID gets bored and leaves us alone. + +* 3 - Even if FIRE can give you enough money to cope with every black swan you've envisaged, there are some things money can't buy. If I'd tried to work through this, I would genuinely have lost my mind. And I probably would have compromised my daughter's health, my partner's health, and our marriage. If I'd refused to pay for a halfway decent hotel near the hospital I wouldn't have been to help my partner through the hardest days. So if VTSAX has to wait, wait it must. + +* 4 - Luck is important, but you can push the odds in your favour. I can't deny that my employer has been great, but I joined them because I knew we were going to have an family, and my old employer treated anything outside of work as a major drag. I switched company for no pay rise because I knew the new place were far better - and so it has proved to be. The old place would not have paid me, and certainly would have invited me to resign by now. Family and friends have been amazing, but as my therapist pointed out I've bent over backwards for them in the past. Our neighbours have been wonderful, but partly because we moved to a different part of town with lots of families and young children so that we'd fit in better. All my daughter's care (I dread to think what the dollar cost might have been) has been fully paid by the state, but equally I chose not to go abroad for big salaries and low taxes where that wouldn't have been guaranteed. So we've benefited from these things, but not by total chance. + + +I'm in no doubt that the next few years are going to be rough. I might go back to my job and get a promotion. I might coast. I might quit and do something else. My partner might quit. We might spend a lot of money on daycare. We might need to move to a different area. Am I comfortable with how my FIRE plans have been altered? No, honestly I'm not. I want more than ever to know that I'll never spend another week working in the middle of nowhere on some pointless project, or sat with my laptop in the sun on a Saturday afternoon writing a report no-one will read. And I have probably pushed that date back to a degree. But at the same time I'm having to appreciate that the journey is just as important as the destination. Hopefully in a year or so things will be much clearer, but I'm not quite there yet. + + +With GME's NFT Marketplace breaching 10 million in 9 days on their BETA platform, with minimal "established" partners, is quite frankly a preview of the growth to come and exciting to see, cheers. + +I Just wanted everyone to remember Michael Pachter, of Wedbush Securities, who went onto CNBC and basically laughed at Gamestop, their plans for the marketplace/embracing crypto Web3, and said the wallets will be empty and marketplace dead on arrival. Funny shit. Can whoever has twitter tweet the living fuck out of this legacy financial dinosaur? This fucking guy has zero clue as to what the future of NFT utility is, probably has never even heard of Loopring, yet thinks he is the smartest mother fucker in the room. + +DRS, ZEN, and fuck the mainstream media. +Hello all 👋 + +I will be donating my kidney in a couple months and I was wondering if there are any extra ways to recieve income during my recovery time besides the basic stuff the doctors have suggested like disability and aid from the transplant foundation. + +A little background; My mom was diagnosed with acute hypertension a few years back and her kidneys failed not long after. Im her son in my twenties and was by far the most suitable candidate. This last week we were approved for the operation, scheduled in September. + +My parents definitely cant afford to help with any of my expenses as they have been run down on my fathers single source of income since my mother cant work at all anymore. Im only mentioning this because the transplant center claims the recipient is responsible for all of the donors expenses when they cannot work. + +Im afraid disability will lag and take too long to actually be helpful. And the financial aid from the transplant center is not much to go on, especially in hard times like post operation. + +I have enough money to pay bills (rent, mostly) but its going to be a huge hit when im not able to work for likely over a month while I recover and go to regular check ups. + +Does anyone have any suggestions on what financial help I can get? Thanks in advance everyone! 🙏 + +Edit: I apologize if this goes against the medical advice rules 🙆🏻‍♂️ This seemed like the most helpful place to ask 🙋🏻‍♂️ +Hi all, + +I'm considering getting a new car (Read: Used, but newer than the car I have at the moment). A lot of the stuff I've read seems to indicate that car finance is ALWAYS a bad idea but doing the maths I'm not quite sure that holds true so just wanted to vomit out my thoughts to see if I'm on the right track or totally wrong. + +To clarify, I have the cash to buy a car upfront regardless, but I'm just wondering if that's actually the smartest move financially. + +I understand that car finance is costing money, but if the interest rate is lower than what I'd expect to get back in share returns (Which I'm assuming is ~7% P.A - EDIT: Some confusion on this figure. I meant that my conservative expectation for share return is around 7% PA, which is in line with most estimates I see. Loan rates seem to be as low as 2.5%), then do you not come out ahead financially if you take up the car loan and sock the excess cash into shares/super? Obviously this requires I'm disciplined with that money but I typically have been so I'm not too worried about this. + +Thanks in advance! +To begin: In my eyes, we find ourselves in the middle of a healthy correction. Scams are getting washed away and the supply of new investors is getting slowed down. Time to put things in order. + +BTC-pairing is a big problem for the crypto-community. The pairing is causing volatility and crypto can't be taken seriously for adoption if this stays the same way. BTC is losing it's value to other coins and has become pretty useless. + +Even in the current correction, BTC is taking everything down with it. For god sake, let bitcoin stay low and steady after this dip. Let's start new trading-pairs and make dollar/euro the general method of measurement. + +Let's reach new ATH's. Together. Without BTC as being the sword of damocles. + +[https://www.coindesk.com/policy/2022/04/29/us-labor-department-has-grave-concerns-about-fidelitys-plan-for-bitcoin-in-401k-retirement-plans-wall-street-journal-reports/](https://www.coindesk.com/policy/2022/04/29/us-labor-department-has-grave-concerns-about-fidelitys-plan-for-bitcoin-in-401k-retirement-plans-wall-street-journal-reports/) + + + +Fidelity Investment’s plan to allow for the inclusion of bitcoin in its operated 401(k) accounts is facing headwinds from the U.S. Labor Department, which regulates company-sponsored retirement plans, according to a report from [The Wall Street Journal](https://www.wsj.com/articles/labor-department-criticizes-fidelitys-plan-to-put-bitcoin-on-401-k-menu-11651197309). + +* “We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, told the Wall Street Journal. +* Khawar highlighted the speculative nature of cryptocurrency and the hype around the fear of missing out as reasons his department is concerned about the move. +* Fidelity [announced earlier in the week](https://www.coindesk.com/business/2022/04/26/fidelity-investments-will-offer-bitcoin-inclusion-in-its-401k-accounts-reports/) that it plans to offer bitcoin as an investment option for its 401(k) managed accounts. +* The financial giant manages retirement accounts for 23,000 companies in the U.S. +* Fidelity caps bitcoin holdings at 20% of the account’s value. +* Khawar has said that crypto has “intriguing use cases” but needs “maturing” before it's suitable to be placed into a retirement savings account. +* “For the average American, the need for retirement savings in their old age is significant,” he is quoted as saying. “We are not talking about millionaires and billionaires that have a ton of other assets to draw down.” +* Fidelity said that its bitcoin offering represents a “continued commitment to evolving and broadening its digital assets offerings amidst steadily growing demand for digital assets across investor segments.” +Meaning outside of 401k or IRAs. + +I do not plan on day trading but im bullish in certain stocks and want to buy some (especially in this climate) to keep 1+ years but likely less than 10/20 years. It’s my understanding that Roth IRA, Traditional, and 401k are best for retirement. + +Please let me know what percentage of the 15% you’d use towards individual stocks for purchase. I’m in my late 20s so I’m ok with being aggressive. Thank you! +I am a twenty seven year old male. I have a BA from UC Santa Barbara in English with a minor in Global Studies. I was a liberal arts major, and I take full responsibility for that. +The only jobs I've had since graduating college were: folding clothes at the mall, working at a call center, and now I am knocking on doors for $12.00. +I don't think there has ever been a single year where I made more than $20,000. I am getting older now, and I currently live at home with my parents. They are financially comfortable. I am very unsure what to do about my future. +There have been quite a few times where I move across the country by myself, just to end up working a low paying job and living paycheck to paycheck in a craigslist bedroom...inevitably moving back home with my parents again. +I guess I am looking for my first break. What the hell do I do about my life. I have 8k in savings. +tl;dr: 27 years old, liberal arts degree, stuck working menial jobs. +1) Navigate to Fidelity.com and Log In + +2) From the Portfolio Summary page, click ‘Statements’ + +3) Select ‘Proxy Materials’ in the white menu on the top of the page. The following page will show all current available securities you are eligible to vote on + +4) There will be a ‘Vote’ link in the ‘Status’ column if you are able to participate + +5) The link will take you to an independent Fidelity-affiliated website. There, you will be able to vote, review meeting agendas, and see related documents/learning materials. + +I have called Fidelity this morning and asked them about proxy voting. They have not received materials from GameStop yet and the “anticipated” date is April 28th. I will check back then and let you all know if they receive it at that time. So mark your calendars for the 28th as a possible voting date for Fidelity users. + +Edit 04/28/2021: talked with fidelity on the phone today and they now say proxy materials as well as control numbers will be available by May 5th. Again I’ll keep everyone posted when it’s available. +1) Navigate to Fidelity.com and Log In + +2) From the Portfolio Summary page, click ‘Statements’ + +3) Select ‘Proxy Materials’ in the white menu on the top of the page. The following page will show all current available securities you are eligible to vote on + +4) There will be a ‘Vote’ link in the ‘Status’ column if you are able to participate + +5) The link will take you to an independent Fidelity-affiliated website. There, you will be able to vote, review meeting agendas, and see related documents/learning materials. + +I have called Fidelity this morning and asked them about proxy voting. They have not received materials from GameStop yet and the “anticipated” date is April 28th. I will check back then and let you all know if they receive it at that time. So mark your calendars for the 28th as a possible voting date for Fidelity users. + +Edit 04/28/2021: talked with fidelity on the phone today and they now say proxy materials as well as control numbers will be available by May 5th. Again I’ll keep everyone posted when it’s available. +I am just a lurker here, but I finally did it guys. After struggling for years and years and learning my trade, I got into an amazing job in a great part of the country. I start in two weeks and will be going from $20/hr with no benefits to $50/hr with PTO, sick leave, retirement, and full medical and dental. Thank you to everyone on this sub for the advice on getting by, I wouldn’t be where I am without it. I will finally be able to start paying off debt and getting ahead in life! +#Recap + +Etherdelta is a decentralized exchange based on smart contracts. + +It has been bought by Chinese investors, who doesn't quite seem to understand the nature of ED. + +Shortly after this, the DNS was hacked. People who traded using their private key got their wallets drained. + +After this they launched an ICO "EDT". It has been criticized as a cash grab with no real utility, and even being a scam. I prefer to give them the benefit of the doubt, but the evidence is piling up. For example, they [used the icorating logo without actually having been rated by them](https://np.reddit.com/r/EtherDelta/comments/7n19pf/icorating_wants_to_be_off_etherdelta_scam/) (which according to @etherdelta was a [misake](https://webcache.googleusercontent.com/search?q=cache:kMEUXkPElacJ:https://twitter.com/etherdelta/status/947379571707412480%3Flang%3Den+&cd=3&hl=en&ct=clnk&gl=se), but I'm not sure how it could be). + +The team is Terry Liu (CEO) and Luna Sun (CMO). Joe Zhou (FirstBlood) is listed as an advisor. There are two other characters mentioned in the ICO, but I haven't actually seen them anywhere and don't have any proof that they exist or how exactly they advance the plot. + +Terry announced that [token listings will now have to escrow 1-3% of the project's total market value as EDT](https://web.archive.org/web/20180104011156/https://medium.com/@terryliu_71238/in-order-to-protect-etherdelta-users-and-investors-benefit-we-have-decided-that-during-the-bd33464dbca0), (later removed in favor of [a longer post with the escrow starting at 0.1%](https://medium.com/@terryliu_71238/etherdelta-listing-policy-announcement-49c8ed4ff1f1)). + +#In the last couple of days + +@etherdelta twitter account has been suspended. + +The ico-page (https://crowdsale.etherdelta.com/) is no longer up. http://crowdsale.etherdelta.live/ seems to work, but all images are broken. + +Luna ([@EtherdeltaL](https://twitter.com/EtherdeltaL)) is following and tagging phishing-accounts such as @etherdelta_, @EtherDeItaRep3 and @etherdeIta (capital "i", not "L") on twitter (credit to /u/Evie2433 for making me aware of this). Luna hasn't warned about or distanced herself from them. This could also be the explanation why @etherdelta was suspended (tweeting phishing links or tagging/retweeting content from phishing accounts). + +In a [conversation with @POWtoken](https://twitter.com/POWtoken/status/955342382513340416) [and @James_Nguyen212](https://twitter.com/James_Nguyen212/status/955419345747836928) she's saying Joe is in control of the platform that she paid Zack for: + +"This may be a clever scams" + +"We need to take back our power, or ask for zack to terminate and cancel the sale and purchase agreement." + +"As a buyer, I have been deprived of platform management." + +"Zack platform to sell to us, but give Joe management platform." + +"no. I don't think zach to leave" + +Joe, who denied being their advisor as stated on the ico page, is likely just being used as a scapegoat. + +Lunas account was later turned into private, while sanitized from strange comments including these ones, although leaving quite a lot of unprofessional comments like "maybe u like to eat very much" and some of the accusations about Joe are still there. I captured some of them that I recommend you read through for the unintentional comedy. Unlike the EDT token, these are gold: + +&nbsp; + +[Insane comparisons to BNB and food](https://i.cubeupload.com/13Z1U5.png) + +[Tagging some phishing accounts](https://i.cubeupload.com/zUKcHo.png) + +[Gets warned that she's been tagging phishing accounts, and then does nothing about it](https://i.cubeupload.com/Lwtrtw.png) + +[Gets warned that she's been tagging phishing accounts, answers "Ok", and then does nothing about it](https://i.cubeupload.com/E0oNzI.png) + +[Calling out for Zack/"Zake" to explain things for them](https://i.cubeupload.com/8ua2oQ.png) + +[Insinuating that there might be "clever scams"](https://i.cubeupload.com/XJLJA0.png) (now deleted) + +[Joe denies being their advisor](https://i.cubeupload.com/bsp2nj.jpg) (credit to the user "Arseniy" in the Telegram group. The original post is deleted now, although Joes answer isn't) + +[Luna says she has a video that confirms Joe is lying](https://i.cubeupload.com/zufHSU.png) + +[Luna attacks seemingly innocent dissatisfied customer for being on Joe's payroll](https://i.cubeupload.com/SiPDp6.png) + +&nbsp; + +Luna seems to be the closest thing to an official twitter account ATM, which is alarming considering the outrageous things she writes. According to what I believe to be the closest thing to an official telegram group she's a "fake account", and also their "official page" ([yup, you read that right](https://i.cubeupload.com/5hqGM4.png)). The admin there also said that the guy asking for comments about Joe's denial being an advisor was "[picking at straws](https://i.cubeupload.com/RhYRAY.png)". + +&nbsp; + +Addition: +Arseniy turned out to be /u/freeatnet (the creator of /r/ForkDelta). I recommend that you read his comment below and use ForkDelta in the future. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Welcome to this week’s Terrible Token Tuesdays! Join hands with us as we dive deep into the impractical, unscrupulous, and sometimes hilarious world of cryptocurrency startups. Whether we are dealing with MLM ponzis, unregistered securities, or Blockchain 4.0 snake oil, our #SOMO (Satisfaction Of Missing Out) does not discriminate. Please Enjoy! + + +**The Abyss - https://concourseq.io/Q/The_Abyss** - Project has a multi-level marketing system with 5 levels. Fiat can be used on the platform rendering the token practically useless. + + +**Eniac_Network - https://concourseq.io/Q/Eniac_Network** - Everything about that project seems off: A website that was registered less than a month ago, Github which is 2 days old and of course no development. Twitter page was also created less than a month ago and has 18.7K followers for 19 tweets. + + +**Goldiam - https://concourseq.io/Q/Goldiam** - Using Mastercard logo on their website, while having no partnerships with them. Aggressive community manager that banned our researcher, and kept harassing him through DM. + + +**HybridBlock - https://concourseq.io/Q/HybridBlock** - Co-founders have created together a shady company that sells “Unique nutrition for brain”. Rod Jao on of the co-founders as well as other team members are connected to companies that were halted by BSCS for fraudulent email spamming.Project has no experience whatsoever in the crypto space, and no evidence of any relevant MVP or Development. + + +**Bit Nautic - https://concourseq.io/Q/BitNautic** - A CEO who is still at University wants to buy a fleet of cargo ships, create a decentralised shipping platform and launch a debit card (blockchain fund-raising FTW, i guess). The Company that aims to cover all those fields was just registered to a flat in Jan 2018. + + +**Smoke Network -https://concourseq.io/Q/Smoke_Network** - Small team, without verifiable blockchain experience is creating a social the niche use case of a Cannabis social network. Company was incorporated 11 days ago. + + +**Bubbletone - https://concourseq.io/Q/Bubbletone** - Touting their 4 months old Bubbletonel app, which is a standard internet instant messaging and calling app that has nothing to do with the scope of the project! The founders previous project (which does not seem to have taken off) was the same idea they are doing now without blockchain, possibly signaling that blockchain is not really necessary for the project. + + +**HYCON - https://concourseq.io/Q/HYCON** (ICO On-going) - DAG based Infrastructure project with no code on Github! The team does not seem to be very proficient with the project documentation, and no have verifiable Blockchain track record for a project of this magnitude. + + +**Concierge - https://concourseq.io/Q/Concierge** (ICO On-going) - A Neo-native rebrand of their previously attempted unsuccessful Conciergecoin on Ethereum. The project has sold to the public under the branding of Pre-sale the same tokens at 60% discount in February. The Token is not needed, and creates an additional layer of complexity on the platform while just acting as a funding vehicle for the team. + + +**Qompass - https://concourseq.io/Q/Qompass** - Qompass is our featured DD this week from kerogers (a Qfellow). Qompass reminds us a bit of the Centra ICO (founders were arrested earlier this week) and is highly rated by icobench (4.0/5.0). If you want to see what kerogers found, click thru the link: https://concourseq.io/Q/Qompass + + +The ConcourseQ team would like to thank everybody that helped on these DDs and all the others! If you want to join our community, meet us on our [Discord](https://discord.gg/YuWfcnY) + +I am 30 years old and currently live at home. I finished grad school earlier this year and got a federal job at the end of May. I make about $3600 per month and contribute ~$2-3k towards debt. + +As it stands, I have $40,000 left in my student loans with ~$500 minimum payments that I have put on pause since the pandemic began to focus on paying down my credit card debt. I now have $4000 remaining for the cc that I hope to pay off by the end of the month. + +My next plan of action was to build up a $10-15k emergency fund by the end of the year, which I feel is imperative during these uncertain times. Hopefully then I can move out afterwards. + +It has been really nice being able to focus on other priorities while not having to worry about student loan payments. However, I can't help but feel I may be making a mistake by not paying down the principal while there is still 0% interest. + +I guess I'm just looking for feedback on what to prioritize next. Particularly those with student loans that have been able to balance their budgets while still taking advantage of the memorandum. Has COVID made a big difference for you? +Hi everyone, + +I posted this on Tuesday at /wallstreetbets but I figured I'd spread the word. + +Those of you who bought SNOW earlier have been seeing a lot of green numbers lately, which is great with this astronomical price but I hope you realise only 10% of total shares (24M out of 240M) are currently in float. + +The rest is held by founders, employees, like CEO Frank Slootman who has a share strike price of $8.88 (he only came in April 2019 so you can be sure there are plenty of people in the company with cheaper stock options) and exclusive investors who were offered to buy it before the IPO for a maximum of $120 a share. Now those remaining 90% of shares are currently in lock up period but the first 11M of those are gonna be unlocked on Monday, Dec 14 and there's most likely gonna be a fire sale at these returns. 15 days after that, if the price holds above $160 for 10 of 15 consecutive days, another 37M shares are unlocked, which means triple the float by January and all of those people bought it for pennies compared to retail investors. + +I strongly recommend Steven Fiorillo's article on Seeking Alpha from Tuesday, which goes in depth to analyse the fundamentals and valuation. + +Snowflake is a fine company with potential but is worth nowhere near current insane levels, even if you drink their marketing kool aid. And if you're thinking if Warren Buffet bought it, it's good enough for me, then rest assured Berkshire most likely paid less than $120 for a share. + +Greed is good as long as you're not too greedy. Cash out and take profits now before you'll get a rude awakening next week. + +You're welcome. + +EDIT: +Thanks everyone for the advice and possible outcomes. Not sure what I expected, but it wasn't the amount of replies I woke up to this morning. I already pulled the 3 bags of mail out and one of them is empty on my desk. After I get the paperwork sorted out, I'll find a good accountant and set up an appointment. Then I'll see about calling the IRS for an abatement once I see where I'm at. + +Not only do I really appreciate the much-needed advice; hearing about people going through similar situations was a great help to ease the anxiety I was feeling about this. I thought I'd get some instruction on next steps at best, but I got that and a lot more. Thanks again for your help and encouragement and thanks to you guys who reached out on DM with offers to help. Best or worst case scenario, I can rest easy without thoughts of tax jail thanks to you all. + + + +Yep, I'm an idiot. I spent most of last year and this year in a pretty severe depression and paying taxes just slipped out of my mind among other things. + +The fog's lifting little by little these days, thankfully. But I'm at a loss with what to do. Normally I've gone to H&R Block to get them done, but I don't even know if that's an option. I don't even know where of my paperwork is, I have to shift through the several bags of mail I accumulated the past 1.5 years. I'm not overly worried about this year, I think if I file now, I'll just pay a small fine. But I'm concern about last year. How much trouble am I potentially in? + +I'm really at a loss, so any advice is welcomed. Thanks in advance. +Just a "showerthought", but I have a opinion, and I **envy** people who enter the world of cryptocurrencies today, because they are at a much greater advantage and in a better position than people who entered the world of cryptocurrencies at the end of last year. + +**Basically my whole post can be said with one sentence: I think that bear market is a great time to get into crypto, much better then bull, and I can only wish that I did the same.** + +Reasons: + +\- considering that we are in a bear market, there is not much hype. So they can "scan" quality projects and have plenty of time to learn + +\- the bear market will clean up useless, inactive projects, thereby reducing the risk of buying some shitcoin that has absolutely no future. This bull run created so many overvalued and useless projects it's beyond belief + +\- while most of us are at a loss and waiting for a bullrun to recoup our losses, they start from scratch. + +\-Since almost everything is already so red that even the slightest uptrend means profit + +\- lower expectations are creating better decisions, less FOMO, less greed, more time to watch and learn from other people's mistakes +I don’t see many traders prioritize the macd as much as I do, and i’m just kinda curious. i don’t look at the lines, but rather the volume waves. Almost all of my losses occur when i buy a stock that looks like it’s about to run up, but the buying volume is decreasing on macd, and selling volume is increasing. i’ve made it a rule not to buy until i see selling volume decrease, and my win rate is almost 80% now. So yeah, anybody else? +I think there will be multiple new things happening as soon as the split/dividend is completed. Who has some good predictions on what they may be and how soon. + +Thought this would be way more fun than current CS stuff happening. + +Maybe IOS wallet? + +Carve out? + +What do you think? +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." +35 year old guy here, going through a rough patch in my life, got divorced a year ago and my wife took everything from me. I have a full time job (been here for 11 years) where I’m making $24/hr and have topped my position with no more room to grow. I’m working 60-70 hours a week, I have no social life and dread going to work every day. We get raises every 15 months ($0.75-$1.00) and a bonus every year of ($1000). I pay $1900+ a month for a small 1 br apartment plus $1000+ for other bills (car insurance, gas, gym membership, food, etc). My car is paid off and I have a little over $4000 in debt. + +My brother lives one state over and has offered me to move in with him for a year(no rent) and I’ve been offered a job in the same field but with a different company. They offered me $22/hr+ scale pay and a benefits package plus room to grow, a M-Fri type deal working 45 hours a week. I’m wanting a change in scenery and to be closer to family. I also plan on purchasing a car and trading in my 10 year old car with its numerous problems. I planned on purchasing a new to me car (not brand new but perhaps a 2016/2017 and nothing outrageously priced). + +My family and friends think I should make the move, are they right? + +Update: Holy smokes, I really didn’t think I was gonna get many replies but thank you, thank you! Thank you for everyone taking time out of their day to give me advice, well wishes and thoughtful comments. I have read through most posts and will try to reply to everyone. +*This afternoon I called the new place and accepted their offer and put my 2 weeks in with my current place. Also, I’m going to hold on to my current car for a few months and see how everything goes. Thanks again for everything! +"Louis Dreyfus Profit Soars as Ukraine War Adds to Market Turmoil" + +[Ill explain the connection to GME below via link...](https://preview.redd.it/18ntjmf4uep91.png?width=1562&format=png&auto=webp&s=c9ec1f43c95eee098e6b51887baa1712def8e201) + +Expanded link for context - [https://www.reuters.com/article/louisdreyfus-results/update-2-crop-merchant-louis-dreyfus-profits-rise-as-it-navigates-ukraine-crisis-idUKL8N30T1N5](https://www.reuters.com/article/louisdreyfus-results/update-2-crop-merchant-louis-dreyfus-profits-rise-as-it-navigates-ukraine-crisis-idUKL8N30T1N5) + +I give you the connection to GME & Dreyfus - brought to you by legend [u/Hopeful\_Assistant196](https://www.reddit.com/user/Hopeful_Assistant196/) + +[https://www.reddit.com/r/Superstonk/comments/r5zgi7/741\_seinfeld\_and\_billions\_of\_illegal\_naked\_shorts/](https://www.reddit.com/r/Superstonk/comments/r5zgi7/741_seinfeld_and_billions_of_illegal_naked_shorts/) + +Also - another banger by legend u/GangGangBet + +[https://www.reddit.com/r/Superstonk/comments/tykv7f/cohendfv\_tweets\_deciphered\_dreyfus\_carl\_icahn/](https://www.reddit.com/r/Superstonk/comments/tykv7f/cohendfv_tweets_deciphered_dreyfus_carl_icahn/) + +I think we need to look more into the Dreyfus Fund +As the title says, when I moved in my landlord said that he would sort out getting me put on the council tax system (I have never dealt with any of this stuff before so know nothing about it). + +I have been living here for 9 months now and haven’t been contacted in any way by the council and I’m not sure what I should do at this point. I have been setting money aside assuming that I might have to pay it in a lump sum at some point. + +I have tried finding a way to contact the council (I live in Glasgow) but I can’t find a phone number to talk to someone about it. + +Any help much appreciated. Should I wait for the council to get in touch with me or should I be proactive here. +What kind of fucking retarded shit is this, 95% of posts are about Nvidia, AMD, Tesla or Apple.Either it's retarded degenerate gamblers posting mad gains/losses or it's some fucking idiot savant that just found out Tesla's P/E is above 900.Could you just fucking STOP panicking about your shitty overpriced tech stocks, I don't give a flying damn. What about the 99,9999% of other stocks you shittards aren't covering or buying? + +"Ooh MaD gains thank you master elun" + +"OOh Tesla iis overPricCedD""OoohHh Tesla is the fUtUreE" + +"Don't buy Tesla or Apple every idiot and crackhead cashier is buying it" + +YEAH we know. YOU are the crackhead buying Tesla.Fucking DD means nothing to you shitheads does it? + +TLDR: Tech bubble, get over it you fucking homos + + +Thanks to popular demand (not really) my pos: EURN, EBR: PROX, EPA: SEV, AMS: AD, EBR: FLUX, EPA: UG +Took out a loan for $300K and put up 600K worth of BTC as collateral. Market kept going down so I kept posting collateral as needed to keep the loan healthy. + +&#x200B; + +I got an email saying that the loan was being called back because of "indirect exposure to a mixing service" + +&#x200B; + +I appealed the decision because I bought the BTC back in May of 2020 and kept it on my Trezor the entire time. However, since I didn't buy it on an exchange and the person before me mixed it (BISQ) I get absolutely screwed. + +&#x200B; + +In summary I took out a loan when BTC was 65,000, Cost me over $6000 in origination fees, paid two months of loan payments ($2500+), got liquidated at $37,000 a few MINUTES before a pump to $42,000 today because of "indirect mixing exposure" and now I lost more than half of my BTC holdings, have a huge tax bill, and was screwed out of a fortune. + +&#x200B; + +DO NOT USE BLOCKFI LOANS. Worst experience I have ever had in Bitcoin + +&#x200B; + +&#x200B; + +EDIT: Since everybody keeps saying "Dont take loans to buy crypto" I am adding this comment to the main post + +"My bank did not consider BTC as an asset. I took out the loan with the intention of showing the balance in my bank account so I can get the mortgage and was planning on paying off the loans to get my BTC back. + +Didnt work out......" + +&#x200B; + +&#x200B; + +EDIT 2: Most importantly the main problem for me was the P2P nature of the transaction. They literally do not allow you to buy your BTC from any private source that does not perform KYC. This is the biggest piece of fuckery of the entire situation that people need to pay very close attention to. I didnt, and it cost me 100s of thousands + +&#x200B; + +[https://blockfi.com/prohibited-uses/](https://blockfi.com/prohibited-uses/) +https://www.cnn.com/2020/12/04/investing/tesla-short-sellers-elon-musk/index.html + +According to analysis by S3 Partners, short investors in Tesla— those who placed bets in the market that its shares would lose value — have lost $35 billion on those positions so far this year. + +Tesla short sellers lost $8.5 billion in November alone, as the company's shares climbed 46% in the month. That's more than the $6.7 billion Tesla itself lost in the 11 years from when it first reported results in 2008 to the end of last year. + +Dusaniwsky said many of the shorts have closed out their positions — the number of Tesla shares held by short sellers is down 63% so far this year. But he said many are still unwilling to change their minds, despite the losses. + +Thanks for the awards. +My house’s break panel blows out pretty often. Even just using the microwave and toaster will cause it to go out. It’s going to cost about $7000 to fix it and have it upgrade from 100 to 200amps. Will this increase the value of home at all? + + +Edit: is this fair? I live in SoCal + +Description of work. + +Install one 200 amp panel, to replace existing 100 amp surface mount main meter panel, +Install all new breakers and reconnect all new pipes to tha new panel, +Create a new grounding system to properly ground new electrical panel run #4 wire from new electrical panel to the main water hose, How do you spell two ground rods to support grounding system............$2750 + + +Run 1. 70 amp circuit from main panel to Garage and install 1. Sub panel 8/16 Spaces we will run new 1” conduit all the way from new panel to new garage $1975 + + +Install 1 60 amp circuit for Tesla car inside garage with a Nema 1450 outlet $475 + + +Install 1 20 amp circuit for garage door opener $175 + +Install one circuit for exercise equipment $175 + +Install one, 20 amp circuit for outlets in garage and installed 2-3 outlets out of that circuit $350 + +Run 1. 15 amp circuit to properly re feed existing lighting inside garage and outside garage and rewire lights $350 + +Provide and install two LED 4 foot lights inside garage with a new switch leg $350 + +Run install one new 20 amp circuit for office and add 2 electrical outlets on tha same room ,$620 +For this work we might need to cut some drywall which we do not patch + +Run 1 20 amp circuit for microwave on kitchen counter $280 + +Total estimated labor and material $7500 + +Edit 2: I really appreciate all this insight and discussion. I didn’t expect this. As a new investor this has been really informative and will pay dividends in my long career as a real estate investor. Thanks everyone. +One of my 2022 goals is to buy a rental property. Looking to spend $250k max, not trying to get rich on this, but rather use as a learning opportunity and hoping to snowball other rentals over the next 10+ years and just see where it all goes. + +I am in the Houston market, but don’t have the capital to purchase a home “in Houston” ($250k will buy you a crack shack). I am planning to BRRR a property within an hour of Houston. + + +How do you guys go about deciding on “the best suburb/area” to invest when looking outside major cities? How do you determine “ok area X north of Houston has a much more favorable rental/investment market vs area Y southwest”. +Looking to get into development one day. What are your favorite resources to learn about the principles of success in these ventures? Managing risk, selecting properties or land, how to structure deals, that type of thing. +Hello everyone, + +I've been following this sub for a couple months now, and I think I'm getting ready to take a plunge. + +Some background, I'm from Portland, Oregon, and I have saved 110K cash now which I would like to put in real estate. I have enough emergency funds for 4-5 months apart from that. + +Now, I'd like to make it a net cash flow business, but I've not seen anything that is fitting the net cash flow calculation when I'm looking for properties in Washington and Oregon. I'd prefer multi family home (which seems impossible with my budget in WA or OR), short of which I'd prefer townhome + +The calculations that I'm using is: + +Gross cash flow = Rent - Mortgage + +Net cash flow = Gross cash flow - other expenses (I'm assuming it to be 10% of rent accounting for occasional maintenance, occasional vacancy, property management fees) + +ROI %= (Net cash flow/Down payment) \* 100 + +Cap ratio = (Net cash flow/House price) \* 100 + +Now my questions are: + +a) Is my calculation for ROI for cash flow is correct? Am I undercounting or overcounting something? + +b) Why am I not finding anything that fits the criteria for positive ROI? How do you all find it? I'm just looking at various cities filtered by price and my criteria in Redfin/Zillow. + +c) What RoI I should be aiming for to make it worth a while? I'm not counting RoI in terms of appreciation of the place which I think is reasonable assumption to make. + +d) Should I just give up on WA and OR, and look for places like MI, or TX? Any recommended cities that I should explore? + +Admittedly, I'm new to this, and likely am not thinking about it correctly. So, I would truly appreciate and be grateful for all the advice here you have for me. + +Thanks a lot in advance. +So my father and I went to breakfast yesterday, and when we were being billed, our waitress brought over a little card scanner so we could pay. Unfortunately, my father had put in his pin, thinking he had to confirm the transaction, when in fact it was putting in the % tip in. The waitress hesitated, and said oh wait I’m sorry it was just bugging out go ahead and confirm it. So we thought nothing of it and left. Now on our statement it says that we were charged over $5000 for a tip at this restaurant, and I’m not quite sure if we’re going to be able to get it back (at least for a while). My father said that he emailed the receipt to my mother saying that we were only charged around $36 for the meal and nothing more, and were confused as to where the rest of it went. We’re still trying to dispute it but due to the long weekend, we might be out of money for a while. Any advice is helpful, I will continue to update this thread as time goes on. Thanks. + +Edit 1: Thanks to those who have given helpful tips so far, means a lot and helps to talk to people about it. Will still update throughout the day/week. + +Edit 2: Lots of reassuring advice in the comments, thank you all, seems as if people are saying that we'll get our money back after the weekend, as it needs to update. Still going to call the restaurant as a 3rd party and politely tell them the situation. + +Edit 3: Dad changed his pin so that front is good, still waiting on updates from the bank/restaurant. Thanks again to everyone for the kind words! + +Edit 4: So I called, explained the situation, and the bank says the restaurant requested the thousands of dollars from our transaction, while the restaurant says they had only the receipt for the $36 and nothing more, so I'm not really sure what's going on. Might just have to dispute it with the bank. Might have to hold this over and fix it on Tuesday (there's Columbus Day in my state on Monday so we can't do it until then.) + +Edit 5: Success! We got another representative from our bank on the phone and we’ll be getting the money back on Tuesday morning. Thanks to everyone who was so helpful and supportive :). +Hi all + +As I write this I am just under £40k in debt. I am 26 years old and feel like my life is such a mess. I bought a house with my OH in January 2018 and things have spiralled out of control since then. My outstanding is below as of this morning. + + +Unsecured loan: £3400 - £156 minimum (118 Money) +Unsecured loan: £2700 - £123 minimum (Bamboo Loans) +Unsecured loan: £16654 - £362 minimum (Zopa) +Unsecured loan: £4980 - £145 minimum (Halifax) +Unsecured loan: £1990 - £199 minimum (Satsuma Loans) +Credit Card: £172 outstanding (Capital One) +Credit Card: £1655 oustanding (Barclaycard) +Credit Card: £1455 outstanding (Halifax) +Very Catalogue: £3500 - payments vary from £150 onwards + + +Each loan was to pretty much cancel out existing credit, that did not turn out the end result. Unfortunately since I was 20 receiving my first credit card, I had been impulsively buying since then and as life goes on, have got worse. My pay is £2555 after tax so after my share of food, bills and mortgage payments, plus the above, I have about £150/200 left and no options of any borrowing. I do have about £600 available to use on credit cards but this will then defeat the object of this post. + + +This is nobody's fault but my own and I just feel nothing but deeply ashamed to be in the situation I am in. I barely sleep as I worry about money and if anything goes up the wall, what would happen afterwards. This is very much affecting my mental health which is another long road I have just begun, I don't want to get too much into that yet as it but I must admit thoughts of choosing to live in this mess or not at all. I am getting help for that, hence this post and trying to get this resolved. + + +Writing this to you all I am hoping will be the kick start I need. I have not missed a payment in 6 years of having debt against my name but I feel I will soon if things carry on. I have contacted StepChange and about to fill in my application pack to send off to begin the long journey. + + +Are there any other recommendations anyone else would make? + + +CC +Jeff Bezos practically seems to be the Amazon brand; this is a major step for all parties involved. + +Andy Jassy seems to espouse many of the same ideas as Bezos with similar ambitions and such, so I think this transition may be more similar to Steve Jobs -> Tim Cook rather than Bill Gates -> Steve Ballmer + +As the head of AWS, I definitely believe Amazon will become expressly techno-centric versus retail centric. + +https://www.cnbc.com/2021/02/02/jeff-bezos-to-step-down-as-amazon-ceo-andy-jassy-to-take-over-in-q3.html?__source=androidappshare +Been seeing a lot of income tax questions start popping up on this sub, so I thought I'd post about a great resource--the VITA program. + +TurboTax is a great resource if your taxes are fairly simple, but if you're dealing with Social Security, divorce, death, dependents, adoption, healthcare, inheritance, and the like, VITA is a great resource. + +"The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $53,000 or less, persons with disabilities, the elderly and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals." + +To find a VITA site near you, visit the IRS website [here](http://www.irs.gov/Individuals/Free-Tax-Return-Preparation-for-You-by-Volunteers). + + +**Edit:** Wow this blew up. Thanks to all the current VITA volunteers throwing their advice in. I'm going through the training now, and it's pretty extensive, to those who are concerned about a volunteer's comprehension. + +It seems there are some differing facts about income limits at different VITA sites. I'd recommend calling a site near you before going to make sure you qualify. If you don't, many other commenters have brought up alternatives as well. These include HR Block and AARP tax sites. More details in the comments. + + +I'm just getting started with investing in the markets after having opened an account on Zerodha. However, looking around, the amount of information available for the markets is overwhelming when making a decision about where to invest. I'm getting SMSes from different services about stocks to buy, there are 24x7 channels on TV focusing on markets, there are a plethora of apps and services offering data and predictions – where does one go to make sense of everything? + +Specifically, it would be great if you can share what you're using for the following: + +- Market news overview (quarterly results, the big picture, breaking news, etc.) +- Company specific analysis (detailed financial reports, price history, etc.) +- Any apps/service to get an overview of your portfolio (how much you've invested, current worth, etc.) +- Any forums or platforms you use for discussions and technical analysis of which stocks to pick next or learn from other investors +- Any resources to learn more about market fundamentals and keep yourself updated (books, articles, courses) + +Thanks in advance! +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +PS: Be friendly. Be civil. +Considering these growing talks of a global recession, I was wondering if its better to park a major portion of your funds in index funds and gold etfs? Especially if I have a short term view in mind say between 3 to 5 years? +I am a beginner investor and have been eyeing the US stock market for a while now - but due to the currency volatility and taxes on the foreign market investments, i have been looking for some other method to enter the US market. The recently launched MOFSP500 has caught my eye. However, i am unaware of the taxation part though. Since the underlying stocks are all US based and the ETF (and the fund managing it) are indian, will i be taxed on capital gains as per my other indian mutual fund investments or will it come under foreign investment capital gain taxation ? +My situation: + +Because of COVID-19, I decided to work as much as I could this year to save for a 20% mortgage deposit. I am very likely to achieve this and with money to spare. + +The interest rate offered for the top 20% minimum deposit mortgage is 1.44%. Resulting in just £278 monthly payments shared between me and a friend (flat has 2 bedrooms). What a deal, right?! + +HOWEVER... + +On reflection, the top 10% minimum deposits would give me a 2.65% interest rate (£365 a month) and I would have £12K left over that I would've had to pay to make it up to a 20% deposit. + +So that's £87 more per month. Paying that myself over 10 years would cost £10440, or £5220 if I found a flatmate. This is less than the £12K extra already, but if I were to invest the £12K over the same 10 year period (assuming 5% annual compound interest), it's value would be £19.5K. + +In summary: + +10% deposit over 10 years: lose £10.4K (£5.2K if shared) through higher interest payments, gain £19.5K through investment. Overall, I'm either £9.1K or £14.3K better off. + +I should go for the 10% deposit and invest the rest, right? Or am I missing something? +UUSB apes are rejoining our fight! Their page is FILLED with GME posts, and a new DD was just released about how we are primed for another squeeze type scenario. Just read a comment about DRS apes doing the heavy lifting with sucking out the liquidity while the options apes will use leverage to push this sucker to andromeda. Ryan Cohen tweeting, insiders buying, there literally couldn’t be a more perfect fire to ignite this fuse. I think this is it, and next week is about to be lit. GG hedgies, time to accept your inevitable failure and FREAKING PAY ME. No cell, no sell. Let’s see this to the end, I know y’all are just as excited as I am to go to Valhalla! + +Not financial advice yada yada yada, you know the drill. +So, I traded Bitcoin a couple Summers ago, sold back then for a slight loss. + +I’ve been in stocks since then doing pretty good, but Bitcoin has always been in the back of my mind. I took all my stock gains from the last couple months and bought 1 Bitcoin. + +I’m going to hold for 10+ years and only sell if I can buy a house with the gains. + +For me, I’m okay losing it all, but I could never live with myself if Bitcoin went to 500k and I didn’t have any. +&nbsp; + +I've followed the debate closely as I'm genuinely interested in how this plays out. Ethereum is fascinating to say the least. + +Anyways, about the fork debate, and especially hardfork debate. I keep seeing the same arguments repeated over and over again and I don't know what you guys eat, but my diet consists of a good portion of rational, sprinkled with some logical, and shugged down with some good ol reasonable. + +&nbsp; + +So about the arguments + +&nbsp; + +**1.** "*Should we also hardfork every time someone gets scammed or an exchange gets hacked?*" + +When I see this, I feel like (and I'm sry to say it) but like I'm talking to a child, or someone who goes 0-100 real quick, on any issue. I mean, of course not. A hardfork or any type of fork only happens when the majority of miners agree that it's necessary for whatever reason they may have. Is that so hard to understand? :/ It's like the "debate" sometimes lives inside of an SNL sketch. + +If you genuinely wonder if there will be a hardfork every time someone gets scammed I encourage you to send me all your Ether to the address below and I "guarantee" that I will send it back to you with a bonus. It's a win-win right. Because either you earn some Ether, or you can just ask "Ethereum" to hardfork for you. What could go wrong. + +0x79d4D3E63753E5c56d5E967db12FEb276B036332 + +&nbsp; + +**2.** The second argument I keep seeing is that it "*Opens a can of worms*" and that "*The government can then push a hardfork*" + +On one side of the coin, I see their mindset, they're coming from Btc land, being molded over time and eventually being self-identified with this rouge, anti-government crypto anarchist who above everything else have protect the 3 commandments of crypto, the first apparently being "You shall not hardfork", the second being "You shall never speak in favor of hardfork" and the third, (RIP) "There shall only be one crypto" + +The fact is that regardless if Ethereum forks now or not, a fork can happen at any time for any reason if the miners collectively agree to do so. So what really changes? + +Please enlighten me, make an example, write a hypothetical scenario in which some organization or government institution shows up on VB's door demanding a hardfork, for any legitimate reason you can think of. Please tell me how that is so much more likely to be accomplished given the fact that one time back in 2016 we hardforked a chilDAO which contained some stolen Ether. + +If the government one day demands that Ethereum hardforks, then first of all we are all rich, but second of all, they would demand that regardless of the 2016 fork or not and their argument and means to enforce such a fork would minisculely if anything at all be helped by the fact that the community forked way back. + +I mean realistically their only way to forcefully push a hardfork would be to threaten legal action towards miners with the help of several countries in which those mining farms were located. And to be fair in this scenario, I have a feeling the miners would agree to a hardfork regardless bc clearly some serious shit went down. + +&nbsp; + +**3.** The third argument plays into the same in a way being that "*Ethereum contracts are then not immutable after all*" + +Which again is such an absolutist thing to say. The fact is that the likelyhood of any particular contract to be rolled back or altered is stupidly low, regardless if we hardfork now or not, so much so that I would argue the network is way more likely to fail for whatever reason than your stupid contract or addr to be hardforked. And if you ever find yourself in a situation where your contract or addr got forked, then gratz on getting ur hands on the nuke codes, well played. +There is no need to tell anyone if you have made gains or how much money you have in your portfolio. + +Why would they do that, what do you get with it? + +First, you have the risk of someone you told that to go out and start telling other people about it. Therefore, someone may come tomorrow to threaten you, to try to get that money out of you. + +Since I live in a small town, by tomorrow everyone would know how much money I made in cryptocurrencies. + +*"Could you borrow me some money, hey take us out to lunch now when you made money doing nothing, take us out for a drink, why didn't you tell me to invest in that coin when you knew it was going to jump, hey* *you made money doing practically nothing.."* + +Envy and jealousy are in human nature. + +People who don’t understand cryptocurrencies have the impression that we put money here and that’s it, we wait for the gains and end of the story. Ez money they think. + +**I literally don't see a single reason why they would talk about the value of their portfolio to other people**, you will get absolutely nothing out of it. Keep that secret to yourself. + +My friends think that I am a dumbass for doing this, do you really think that I will tell them about my gains? I am just going to let them think whatever they want, who cares honestly. +I'm so angry/happy/upset/tired that I don't even know why I'm writing this post. I just want to share it with someone and sadly I don't know anyone involved in crypto. + +When CRO sunk, I sold my $ 10k worth of CRO and bought LUNA. I was already at loss but somehow I saved 10k. Before they were 20k. CRO was 50% of my whole portfolio. + +Yesterday my 10k became 2500$. I was shocked that 20k became 2.5k just because someone decided to make a mess. I have no problem with normal fluctuations, I invest in crypto since 2 years and I don't panic when the market is not bullish. But man, cro and Luna did a mess because of their owners! It's different! + +I never did margin trading. I always just bought and hold relevant projects. My initial and only investment was 400$ 2 years ago, I'm not rich and all my portfolio was built by holding. + +I decided to take 1250$ and use it to short Luna. It was worth 25$. I went to sleep and this morning it was worth 15$. I was so happy for few seconds, then I realized that I got liquidated during the night so I actually lost all. + +I ended up with my last 1250$. +Luna was still falling. I decided to put everything and short it again. +It went down to 9$, I took profit and short it again by reinvesting everything (previous profit included). + +It went down to 6$, I took profit and short it again everything I had. Now my liquidation price was 6.1$ + +It went down to 4$. If I sold, I would take back almost everything I lost. I decided to wait, I suffered to much because of this mess and I deserved to get a full refund. + +It went up to 5.5$. I started to panic. Just few cents and I would get liquidated. You'll never believe me, but for few seconds it went up to 6.15$, I throw away my phone thinking I got liquidated, but for some mysterious reason it didn't happen. + +I checked back my phone after 1 hour. LUNA was now worth 2.90$ and I realized I didn't get liquidated! I closed my position and thanked the Gods of crypto. + + +I'll never margin trade again, I'll never invest in shady projects, I'll keep investing in btc, ETH and few others like I always did before. +There is no need to tell anyone if you have made gains or how much money you have in your portfolio. + +Why would they do that, what do you get with it? + +First, you have the risk of someone you told that to go out and start telling other people about it. Therefore, someone may come tomorrow to threaten you, to try to get that money out of you. + +Since I live in a small town, by tomorrow everyone would know how much money I made in cryptocurrencies. + +*"Could you borrow me some money, hey take us out to lunch now when you made money doing nothing, take us out for a drink, why didn't you tell me to invest in that coin when you knew it was going to jump, hey* *you made money doing practically nothing.."* + +Envy and jealousy are in human nature. + +People who don’t understand cryptocurrencies have the impression that we put money here and that’s it, we wait for the gains and end of the story. Ez money they think. + +**I literally don't see a single reason why they would talk about the value of their portfolio to other people**, you will get absolutely nothing out of it. Keep that secret to yourself. + +My friends think that I am a dumbass for doing this, do you really think that I will tell them about my gains? I am just going to let them think whatever they want, who cares honestly. +So US Government decides to increase yield on bonds , reduce reckless money printing and a bunch of other decisions that will eventually make stock investors move a lot of their money from stocks to bonds. Basically stocks become kind of a risky and uncertain assets while bonds become the opposite, safe haven, almost zero risk and guaranteed yield. That will eventually crash stocks/sp500 and so on. Understandably this means all huge institutional investors will take their money out of BTC. At best we are expecting another 2-3 to 4 year bear market before markets start to recover. BTC may as well go 10k under easily and stay there for a long time. + +On the other hand Jeff Booth and Greg Floss may say that government can reduce money printing and improve bonds yields but that's just temporary and eventually they will have to start printing lots of money again to avoid stock markets to crash because nobody wants that. Also they may say inflation is going to get worse and worse due to the money printing and the best bet against inflation is Bitcoin. + +But my opinion is that Bitcoin is not dependant on reddit users/bitcoin forums/youtube gurus etc. It's dependant on the big money! And big money is controlled mostly by people who consider BTC a very risky asset! (of course with the exceptions of Saylor, Cathie Wood and the early BTC Whales who have diamond hands for lifetime) + +So I'm thinking who exactly is going to put a lot of money in Bitcoin in a market crisis where stock are going down by 50% and more in a couple of weeks/months. Who is going to risk it? Also is US Government really able to prevent another mega stock market crash? Nasdaq Composite Index is currently at all time highs up around 600% from 2010! + +Let's discuss this topic until we figure out every possible scenario! +Asking for a friend who is in a predicament. + +They started with a MSP a few months back. At first it was meant to be an account management role with a few other job functions, but has since degenerated into driving to customer sites to fix problems. + +They are doing 300-500km a week driving from the office to various customer sites. Which is fine. Except they have been told "the business does not pay for KMs travelled for work" + +So at this point they're doing this travel and paying for it out of their salary. Obviously they will claim it at tax time but that doesn't come close to covering the actual cost. + +Is this normal? Any place I have ever worked has either provided a vehicle, an allowance or a reimbursement. But this person is being told their salary covers it. + +Surely this is bullshit? + +Salary is above the closest applicable "award" by about 20k but in their contract it states that the salary covers "all expenses & allowances." + +Any insight would be appreciated! +Looking back at 2020, I am trying to figure out how my fatfire mentality compares. In the 2020 financial year - does anyone know yet how their finances changed? Did you become more fiscally conservative? What was your return rate? Overall? Just your equity holdings? +First of all, if you think the people running exchanges are honest and ethical, then there is no hope for you. They *could* be, but they also couldn't. Stop blindly trusting these people. + +Now, let me explain. + +**How does having a big balance allow them to sell paper bitcoin?** + +If they have a lot of bitcoin then they can very easily sell fake bitcoin with little risk. For example, if they have 500,000 BTC, they can sell an additional 1,000,000 fake coins knowing that as long as no more than 33% of users withdraw their money, they can get away with it. + +Now suppose they only have 10,000 BTC. They can no longer sell 1 million fake coins because people would not be able to withdraw to their wallets. + +**How does selling paper bitcoin suppress price?** + +Suppose you have 3 gold coins and I offer to buy them from you. You refuse because this is all you have and you're saving them for the future. You're not willing to sell them at the current gold price of $1784. This puts upward pressure on the price. I need to bid higher if I want to buy them from you. + +Now imagine you have the ability to create fake gold coins without me knowing the difference. You can create 100 coins out of thin air. Now you don't give a shit, you can sell me some coins even at a cheaper price, because they cost you nothing. You can continue to sell these coins at low prices, putting downward pressure on the price. + +There are many other factors determining the price of bitcoin (trading, longs, shorts, derivatives, arbitrage), but the basics of supply and demand are behind all of it. + +By taking bitcoin into self custody, we take power away from the exchanges and "finance" guys. + +**Have you already withdrawn your bitcoin from exchanges?** + +If you don't know how, start here: + +[https://www.reddit.com/r/Bitcoin/comments/z41qn2/how\_to\_take\_your\_bitcoin\_off\_exchanges\_step\_by/](https://www.reddit.com/r/Bitcoin/comments/z41qn2/how_to_take_your_bitcoin_off_exchanges_step_by/) + +Let's drain them all out. + +Leaving your bitcoin on exchanges is complete and utter nonsense. + +Peace. +TL;DR: A rant about banks and how ridiculously corrupt financial services are today. + + +In the early 2008s, a bunch of wealthy banks decided it was a good idea to sell unbacked, sub-prime mortgages. This was the practice of giving mortgages to individuals that had so bad credit scores/ low income, it was nearly impossible for them to pay it back. To compensate for this 'risk', these *subprime* *mortgages* charged higher interest rates, which were FAR more profitable than the *prime mortgages* they were used to selling. As more and more banks piled on this train and the subprime bubble grew, it only would take a few defaults to set off an explosion. And that it did. + +After the US banks bailed out these banks, Goldman Sachs, JP Morgan Chase, Citigroup, just to name a few, were fined **fractions** of their profits. Only 54.4 billion dollars were fined from the largest banks involved, their crimes which had cost the global economy **30 trillion dollars of wealth**. Over 9 million Americans alone lost their jobs, or 6 % of the total workforce, but that wasn't even the worst of it. + +After these banks screwed up subprime mortgages, they used the bail-out money to robot foreclose MOST mortgages, which ended up in one of the worst real-estate dumps, and as a result, 13 trillion dollars worth of homeowner net worth was wiped clean. Robo-foreclosure is the extremely lazy, indiscriminate practice of EVICTING a homeowner and then LIQUIDATING their home to cover the bank's portion of the mortgage, without even considering the mortgage's quality or status. + +**And the crazy part of this all? NOBODY, NOT A SINGLE BANKER WENT TO JAIL FOR THIS.** + +All the youngster's still reading, you think this was bad? Research fractional reserve banking, the practice where banks routinely credit lend your deposited money for interest farming and then pay you a small surplus of what they earn. That's how banks earn most of their money, through lending. And oh my god, does it reak havoc. + +When your deposit of 100$ is blended to another bank at an interest rate, the credit present in the world nearly doubles. Banks are required to secure at least 10% of the original deposit, but the other 90% are lent out, creating 100$ of ghost money in your account, and another 90$ of real money in a loan borrower's account. And this happens successfully, 90$ gets loaned into 81$, and that gets loaned into 73$... Suddenly, an additional 144$ was created out of thin air from your deposit! + +Now when you withdraw your 100$, in a linear world, the 144$ of loan ghost money is suddenly wiped. Now think what would happen if more than just a few people took out their money. Does anyone here still remember the Greece Euro financial crisis? Everyone withdrew their money until all that was left was ghost money. BILLIONS of the inflated economy LOST in seconds. + +And here's just a list of atrocities banks have: + +\- The fact that, by policy, your deposited money is not owned by you, but becomes the property of the bank, and that you have ZERO right to that money. + +\- The fact that over 35% of the US dollar's entire existence was printed from February 2020 to 2021. Don't believe me? Look below: + +&#x200B; + +[A 35&#37; recent rise in TOTAL MONEY SUPPLY \(M2\) of the US dollar. Look at how small of a blimp the 2008 Recession was compared to how bad things are now.](https://preview.redd.it/3evwka6k29v71.png?width=811&format=png&auto=webp&s=dd314097651155dfad934098835c05ebe333b2ab) + +\- The fact that just like any other 'speculative asset', does the US dollar also have restricted liquidity. You probably wondering, if 35% inflation is backed up in a single year, why isn't everything on fire? Due to low distribution since the Pandemic has lowered spending, money doesn't exchange hands fast enough as of right now to fully distribute 35% inflation. Check this post for more info: [https://www.reddit.com/r/CryptoCurrency/comments/osfxr5/the\_postpandemics\_upcoming\_economic\_fallout\_on/](https://www.reddit.com/r/CryptoCurrency/comments/osfxr5/the_postpandemics_upcoming_economic_fallout_on/) + +&#x200B; + +Ok, ok, I suppose that's enough for a single post. To any newbies out there, this is why crypto was initially created. The very first, decentralized blockchain crypto that started it all was Bitcoin. + +I don't care whether your crypto achieves zero transaction fees, or whether is environmentally sustainable because of Proof Of Stake (PoS), **we must all look back at our roots and realize why we are here in the first place, and what we inevitably fight for.** + +Thank you for listening this far. Please do enjoy the rest of your fine afternoon. +Elon Musk + +@elonmusk + +The gauntlet has been thrown down! The prophecy will be fulfilled. Model S price changes to $69,420 tonight! + +Earlier Wednesday, California EV startup Lucid Motors announced a cheaper version of its Lucid Air luxury EV sedan, which would start at $77,400 (or $69,900 including $7,500 in federal tax credits.) +I guess most of you are aware of how risky day-trading is but its really interesting to see how many real traders are actually performing. + +Key points from article: + +* 79.5 % of investors lost money +* median returns are minus 36.3% + +http://www.curiousgnu.com/day-trading +Their response was "But sir, all banks will soon treat Crypto this way"..... + +And I laughed, and laughed and laughed. I then said absolutely, and they will be known as the ones that went out of business. + +Pretty pathetic that they spout this garbage messaging out there as an attempt to spread more FUD. I've had zero issues with CIBC, who actually happens to be a Ripple partner up here too. + +Silly BMO, you'll lose all your customers.... + +Edit: I closed my credit account because they were denying both credit and debit accounts for Cryptocurrency buying. + +Edit 2: the only downside to this post being popular is all the dipshits bleeding in from across Reddit telling me how stupid I am for investing in Crypto. Or maybe it's an upside, given the entertainment factor. +I'm talking about house cleaners, massages, better food, more expensive gym memberships, etc. Nothing crazy, but things the average earner wouldn't go out and do. Girlfriend are I are both 6 figure plus earners and set to make more in the coming years, but both still live pretty frugally. Was there a catalyst that made you realize you could spend a bit more on yourself? +Me and my wife (8M NW in VHCOL) are considering a move to Europe. Ideally we would prefer to live in one or two countries for a couple of months to see if we like it before pulling the trigger on the move. + +We have a dog, she is on the older side and has anxiety, so leaving her back in US is not an option we are willing to consider. As I understand we could take the dog with us on a private flight, but I don't know if this is something we can afford or how to find/book them. We looked at trans-Atlantic cruise, but the dog would need to stay in a kennel, which means she would have to interact with other dogs, which we would prefer to avoid. Are there any other not stressful options for the dog where she would be allowed to stay with us? +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! + +Bitcoin is the initial entry-point for people to enter the magical world of cryptocurrencies and technologies. + +Right now, it seems fresh loads of Fiat money are entering the crypto-space through Bitcoin. + +The rising value of Bitcoin makes **existing** crypto-people sell their alts in exchange for hodling Bitcoins in the short term. So the alts are currently in a major decline. + +Now it's just a matter of waiting while these fresh investors are learning more about Bitcoin and the alternatives. In the longer term, a good chunk of these Bitcoins will be moved to alts by these fresh investors who have then learned about alternatives like Ethereum. + +And then, the alts will be on the rise again as the fallout from current renewed Bitcoin interest. + +What we are currently witnessing is the normal cycle of money-transfer from fiat to the crypto-world. Just hold on tight and smile while Bitcoin is in the rise. + +This fresh money will be flowing towards Ethereum in the next few months, what makes it now the greatest time to buy more ETH. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +So I sold a bearish call spread on IRNT. Current price at close is $14.08. + +STO -50c 7.5 Oct15 + +BTO +50c 14 oct15 + +I got assigned on the short leg, and now I'm short 5000 shares at a price of 7.5. Still holding the BTO 50c position. Do I now have to wait until it reaches 7.5 to break even, or can I close both legs for nothing? + +First time I'm seeing such a big red number on my account. Down -87.7% and -$70,000 buying power. [This](https://imgur.com/Il2h3TJ) is what I'm seeing. + +Thanks for any help/clarification. + +Edit: Looks like I'm paying the \~2% daily fee to hold the short position over the weekend I didn't want to have. Hoping for a red open and I'll close both legs. +I've been wheeling MVIS for half a year now and made a decent amount. + +I would like to start another wheel on another solid company with a small share price. + +What are some of your favorite companies with a small share price that are actually solid companies? +Hi everyone, + +I use a lot of different strategies and different expiration dates when I'm trading options. One of the strategies I like the most is selling put spreads. Put spreads generally have a better ROC than selling naked puts although I like both. In general, I like to open a position at around 60-50DTE and close this around 30DTE (of course, this depends on how the underlying is moving). This time frame seems to give me a nice time frame to manage my position while I'm able to capitalize on the theta decay. + + +As can be seen in the graph below, theta decay increases exponentially the closer we get to expiration as most of you are aware. Still, I thought this could be a useful graph for the newer people in his community as a visualization often helps with understanding this concept. + + +https://preview.redd.it/w2jlbbyatns91.jpg?width=660&format=pjpg&auto=webp&s=a2f7f5d6260657e82db31a2d2a1814b3816cb396 + +My question for you guys is, what time frame do you guys seem to have the most success with and which strategy do you use for this time frame? + +EDIT: Please note that the graph above shows the trajectory for a ATM position. +Doing like a 14 day CSP on VOO, say like 340 or 335…about 5% further down from here. Would you consider that to be a risky move? + +Would the better move be to just DCA in +The SPY was up 27% in 2021. Have any of you outperformed the index in the 2021 by trading short volatility / wheel strategies ? + +To me the amount of stressful decision making it takes to be short vol makes it hard for me to believe that any retail traders can beat the index by doing it. You constantly have to trade small else you will be margin called, which reduces your potential upside. + +Even if you find an underlying with high IV% and you think selling that juicy IV premium will compensate you, the stock has high IV for a reason - you are taking more risk (selling puts on GME = dumb). + +So is it worth it, or should we just buy the index (maybe with a bit of leverage) ? + +I dont even think Tom Sosnoff is beating the index. He just loves to trade everyday whereas most of us would prefer to be outdoors. +Hello everyone, currently studying and backtesting doing weekly Short Strangles on TSLA. Testing has given very good numbers. However, there was an occurrence in the week of Nov 7th, where TSLA dropped \~15% in 3 trading days. Obviously, the puts' losses completely demolished the calls' gains by the second trading day, specially because gains are capped and losses are practically infinite. + +I've ran through the week a couple of times testing multiple ways of entry and managing the position but every way I can think of ends up losing significant money (relative to the max profit by the 2nd and 3rd day). + +As a side note, it rebounded in the 4th and 5th trading day but I don't want to take that into account to not bias position management. + +Any ideas? + +Edit: For reference, the short strangles are really wide, both sides being usually 11% away from the current price at open. Statistically, I'm at an advantage but there are def occasions where 11%+ moves happen in 5 trading days, those are not that much of an issue because I usually see that coming and manage accordingly but the week of Nov 7th was very brutal and sudden and I'm looking for a way to mitigate pain in those scenarios. + +Alternatively, I'm thinking that that situation might just be part of the game in the big picture as it'd make sense when viewed as a statistical occurrence throughout the year. But wanted to see if I'm missing something. +Most my money is made just from selling contracts - mostly puts in today's market. Sometimes I will leg into a strangle if I notice an underlying I am already in is starting to range, or I will enter into a vertical spread if I feel an underlying has more risks than I would like. For the most part though, I just sell puts or calls naked and hold until expiration if I can. Most of the time I can. + +I don't bother with cash secured puts, covered calls, or the wheel strategy. Naked contracts are the riskiest, but I also feel they are the simplest. I have had my best win ratio with this strategy. Most threads I see in this sub-reddit are people running the wheel or some other more complex strategy. Anyone else out here naked, or am I Will Ferrell [streaking](https://www.youtube.com/watch?v=IgL95-90quM) through the quad by myself? +I've been wheeling MVIS for half a year now and made a decent amount. + +I would like to start another wheel on another solid company with a small share price. + +What are some of your favorite companies with a small share price that are actually solid companies? +There are many ways to profit from a stock falling if you believe in a bear thesis. You could simply short the stocks, paying interest and maybe buying OTM call options to hedge, you could just buy put options, you could sell some call spreads ... but which is the most efficient one in terms of expected payoffs? what factors should one consider when deciding what strategy to pick? +New wheel trader here. Started my account November 1st and learned the roller coaster of risky IV rank plays. Had a great November... December's got me back to break even. Two questions: + +1. Is there a rule of thumb or stats available on the % loss to take before closing for loss? (no rolling in this scenario). + +2. Poll: What % are YOU willing to lose to close out a CSP? + +Thx +I'm massively underwater on CSP I sold on $PINS last week. I could close the CSP for a massive loss and just offset my gains on from other plays. Or I could just keep rolling it for however long it takes, or I could take assignment and sell covered calls. What is the difference between rolling CSP and taking assignment and selling CC? +Was assigned $WKHS at $18 on March 5th. +Naturally started selling covered calls for many mths while it was down a for minimal profit usually close to the money. Well I got unlucky few weeks ago when the stock started rising and my covered call for June 18 at $10 is now in the money! +Roll? Or let the shares go ? Or something else ? + +I’ll also post this in options to get more opinions + +** Hi everyone + thanks for all the advise, after careful thinking I decided to let the stocks get called away and start working on new opportunities +I was reading a post in FF earlier tonight in which someone mentioned checking out the r/povertyfinance reddit to see how their less-fortunate parents probably endured tough years. I checked it out too, and it definitely made me feel very grateful. It also got me thinking about how everyone here gives back. + +So, for those enjoying FF and on their way -- in what ways do you give? Looking for specifics -- I'd love to hear what specific charities / causes / orgs you support, and why. + +And if there are other ways you give back besides charitable giving, by all means, would be awesome to hear. For example, I have a windfall coming soon, and I'm interested in setting up a small scholarship fund in my family member's name at his alma mater for the program he was passionate about. +I desperately miss city living, I live in Texas and travel to NYC often for fun. I’m sick of paying for hotels, the up charges are insulting. Im currently and looking to purchase a small apartment in the city. My net worth is 10m, am I crazy? +I could see having a negative net worth in your early 20s due to student loan debt, but other than really bad luck, there's no good reason to have a negative net worth after your mid to late 20s. So this quote seems reckless bordering on insane: + +> "More often than not — especially for those under 40 — the number is going to be negative," said Daniel Routh, a CFP at Exencial Wealth Advisors in Oklahoma City. "That's not unusual and not something to be afraid of." + +Thoughts? The original source is here: + +https://www.cnbc.com/amp/2019/01/17/do-you-know-your-net-worth-heres-how-to-figure-it-out.html +Example: Vision insurance. It's cheaper to buy vision insurance for my whole family, than it is to pay out pocket for just one contact exam. This will cover all of our exams and give us an allowance for glasses or contacts. The insurance will save us a minimum $400 a year and you can pay monthly instead of all at once. + +The same with dental insurance. + +Help me out reddit. I was poor growing up and now I have a little money. Get my life on track. + +TL;DR of the TL;DR: Tactics used to manipulate Gamestop have been used historically in other stocks as well. A lot of the DD here is true. If Gamestop gets more than 100% votes, the company can find out who was the cause and sue them for damages. If Gamestop refuses to, we as shareholders have the right to. (I personally believe Ryan Cohen will not let us down. I don't think we'll ever need to sue ourselves, but this is just here to prove that it's inevitable) + +&#x200B; + +Video only has like, 15k views and we have almost 300k people. In light of this travesty, I'm going to be force-feeding wrinkles down your throat and into your brain (That's how biology works, right?). + +Here's a very **SHORT** list of important info for apes with fewer wrinkles revalent to Gamestop. There's a lot of more complex info or more legality information I omitted because it would be better to just watch the AMA. + +"Each one of you is important to the cause. . . It's gonna take all of us to make a change" - Wes Christian + +The "bad guys" rig the market by selling or lending shares that they don't deliver, get analysts to print bad news about the stock, get an SEC investigation started and get a class-action lawsuit against the company. **EVERY UNDELIVERED SHARE IS A LIABILITY ON THEIR BOOKS.** + +Using calls and puts to create synthetic shares has been around for a long time ([post](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/) explaining it). One share can be lent out to multiple people. + +Failure to deliver can be hidden in subsidiary companies. (Glacier hedge fund 'made up' to hide FTDs?) + +Cash account shares are being illegally lent out. Contact your broker to make sure they are not, get a lock-up agreement if possible. It's not standard but it can be done. + +The reported short interest is garbage. It's often 50-100% more. + +There's a lot of things that even the DTCC can't prove, and doesn't know. We should not allow the DTCC to regulate themselves. + +The market makers can put up FAKE SELL WALLS, and have nearly no obligations to the market. + +Proprietary trading and stock lending are the largest moneymakers, and stock lending is mostly just shorting a stock to the ground. + +"I've had clients throw. . . 30 million and it doesn't make a difference. They'll sell you counterfeit shares as long as you want." + +"In the next 3-6 months, you're going to see a lot on the legal side. We've increased our bench exponentially, we put a big pot of money together and we're gonna go after this in an unprecedented way. We're not in this for money. . . you'd have to be crazy to do this for money." + +Their mission is to kick the can down the road as long as possible. Deep ITM calls are often used to hide their positions. + +Short sellers need to drive the price down. They get more money if share prices go down so they can short it harder. (Big green days are great news, it bleeds the hedge funds more. A pricier share is a small price to pay.) + +"I think Robinhood would be liable for market manipulation \[and be sued for damages if enough damage has been done.\]" + +Over half of the 70 companies I've examined, more than 100% votes have come in. Over 200% is not unusual at all. Synthetic shares are rampant. + +What happens if Gamestop receives 200% votes? "You figure out who's responsible for that extra 100% and you go sue them, real simple. . . If the corporation won't do it, you as the group of shareholders can go and do it. The board owes \[the highest level of\] duty to the shareholders." + +&#x200B; + +If there's anything wrong with what I wrote or missed any important points, let me know in the comments. I'll update this post frequently. + +We're not crazy. The DD we've read about all of this time has been right. + +Buy. HODL. Vote. +I know the Bitfinex chain split tokens are not a perfect futures market but this is a large discretion. Now like many of us I started as a Bitcoiner 2012 and at the end of the day I want what's best for cryptocurrency in general. I'd like to keep this discussion as politically neutral as possible but trying to get good arguments on how this will play out from either r/btc or r/bitcoin is next to impossible. Love to hear how you guys think this 'stand off' will play out in the coming weeks. +Cheers +Nugget :) +I know the Bitfinex chain split tokens are not a perfect futures market but this is a large discretion. Now like many of us I started as a Bitcoiner 2012 and at the end of the day I want what's best for cryptocurrency in general. I'd like to keep this discussion as politically neutral as possible but trying to get good arguments on how this will play out from either r/btc or r/bitcoin is next to impossible. Love to hear how you guys think this 'stand off' will play out in the coming weeks. +Cheers +Nugget :) +Posting for a fellow ape (u/CRYPTO-HUNCHO) that does not have enough karma and I don’t have enough wrinkles… + + +“Smooth brain here. Does this mean when GME splits, they will owe the $2.50 fee per share for each failure to deliver just like they do now pre split? + +Link below for DTCC rules and regulations. Page 373 states “Fee for OW delivery notification request advisories aged 2 days or older” + +https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf + +Also here is the picture of page 373 + +https://imgur.com/a/0RAjocD +“ +I was very surprised this morning when I noticed that $1,814 was missing from my checking account this morning. I dropped off my rent check of $814 to the apt complex office yesterday. When looking at the check scan online on my account, it clearly says in numerals and in writing $814. I made no mistake on my end. Would this be the apt management's fault or the bank's? I believe they take the checks directly to the bank, so a teller must have processed this; it couldn't be a mobile deposit or ATM error. I've already contacted management and they said they'd give me a refund and it'd be 5-10 days. When I called my bank (PNC) customer service, the representative said the only recourse really would be to dispute the transaction, and that it would also take around 10 days. Is this really all there is to do? Am I really just gonna be waiting until next week for my money to be returned to me? I'm lucky in that I can afford for this to happen temporarily, but I am fed up nonetheless. Any advice would be appreciated. + +Update: I learned that the apt does NOT take the checks to a bank, but rather scans them and sends them to corporate (they own many properties across the eastern US). I went into my local bank branch and talked with someone to get it straightened out. Basically there was an encoding error with the amount when it was virtually submitted to the bank, as many of you said. I guess my period between the 814 and the 00 wasn't big enough for something, or it was just straight up wrong, but no human is at fault. PNC has already given me a credit of the 1k, and I notified my apt management that I had gotten it resolved through my bank, but that I would not be giving them checks anymore and negotiated that they waive their convenience fee for paying online via card for the rest of my current lease since it was an error on their end when processing the check. + +Thanks to all who have given advice, it's much appreciated! +In fact, GME will be at the center stage tomorrow. + + +What is place? + + +Place is a massive canvas that happens on April 1st, that all of reddit gets to draw pixels on. This goes on for a while, with people drawing over each other's things. The bigger communities usually end up with their stuff drawn on it. At some point the drawing will be locked and all of reddit gets to see it. Check it out for yourself. + +Superstonk will draw a massive GME logo right in the very ~~center~~ (check edit 1). What better way to solidify GME in reddit's history? + +Here's to hoping this won't get taking down for brigading... + + +Edit 1: + +Coordinates are (741,741) +After years of meetings and shareholder resolutions, some funds are starting to simply divest from coal and oil stocks. + +Earlier this year, one of Meryam Omi’s deputies at [Legal & General Investment Management](https://www.bloomberg.com/quote/2261346Z:LN) sat down with board members and managers from [Exxon Mobil Corp.](https://www.bloomberg.com/quote/XOM:US) to discuss how the oil giant could address climate change. LGIM, which manages about $1.3 trillion, is one of Exxon’s top 20 shareholders. + +The Exxon delegation listened, but it didn’t accept the suggestions, says Omi, LGIM’s head of sustainability and responsible investment strategy. Around the same time, Exxon [persuaded](https://www.bloomberg.com/news/terminal/PPCRG46K50XS) the U.S. Securities and Exchange Commission to block a shareholder resolution that pushed the oil giant to do more to address climate risks. + +So, in June, London-based LGIM [announced](https://www.bloomberg.com/news/articles/2019-06-20/large-exxon-shareholder-starts-divesting-over-climate-change) that it had dumped about $300 million worth of its Exxon shares and would use its remaining stake to vote against the reappointment of Exxon Chairman and Chief Executive Officer Darren Woods. “There’s got to be an escalation,” Omi says. + +[https://bloom.bg/31i6deG](https://bloom.bg/31i6deG) +Gather ‘round ladies and gentlemen, boys and girls, and let me tell you a story about credit limits, a story 20+ years in the making…. + +In the year of our lord 2000, I was a broke college student. Not your ordinary broke college student, who wished they had more money for partying and shopping, but who could rely on mom and dad for necessities. I was mom and dad- a single mom of two, working and going to school, and who, with wanton recklessness, had obliterated her credit history. + +Well, one fateful day, I walked into ye olde campus bookstore and saw a table where, for simply filling out a Bank of America credit card application, one could obtain an over-the-door basketball hoop and Nerf basketball. (I think these types of promotions were prohibited in the Great Credit Card Reform of 2009, but perhaps my memory is faulty in my waning years.) I filled out the application, fully expecting to get declined, because my son, who was 2 at the time, would dig the basketball hoop. + +Guess what friends? I was approved for some nominal amount of credit, probably $500, and some exorbitant interest rate. “What suckers” I thought. I’ll charge some stuff and then default on them like I’ve done to everyone else foolish enough to give me a chance. + +But, something had happened to me. I had matured. I wanted to set a good example for my children. I wanted the endless collection calls and letters to eventually stop. Folks, I had become “responsible”. + +Over the years, I’ve maintained a love / hate relationship with that Bank of America card. It was my rock. If I needed vehicle repairs, if the kids needed school clothes, hell sometimes just for gas to get me to payday, old reliable was there. Anytime I got close to my credit limit, the fine folks at Bank of America would raise it ever so slightly, just enough to incentivize me to keep on chargin’. I was paying over $300 a month in minimum payments at one point. + +The more I charged, the higher my credit limit would go, as long as I wasn’t missing payments. It was like Bank of America was my drug dealer. Do you want to know how high they raised my credit limit? + +$40,900!! Meaning I probably had $40,500 on that card at one point. Folks, I wasn’t even grossing $40,000 a year, but that apparently didn’t matter. + +I still have that credit card to this day, with a zero balance. I keep it in case I’m ever diagnosed with a terminal illness, in which case I’ll use it to travel around the world and default on the bills. +Gather ‘round ladies and gentlemen, boys and girls, and let me tell you a story about credit limits, a story 20+ years in the making…. + +In the year of our lord 2000, I was a broke college student. Not your ordinary broke college student, who wished they had more money for partying and shopping, but who could rely on mom and dad for necessities. I was mom and dad- a single mom of two, working and going to school, and who, with wanton recklessness, had obliterated her credit history. + +Well, one fateful day, I walked into ye olde campus bookstore and saw a table where, for simply filling out a Bank of America credit card application, one could obtain an over-the-door basketball hoop and Nerf basketball. (I think these types of promotions were prohibited in the Great Credit Card Reform of 2009, but perhaps my memory is faulty in my waning years.) I filled out the application, fully expecting to get declined, because my son, who was 2 at the time, would dig the basketball hoop. + +Guess what friends? I was approved for some nominal amount of credit, probably $500, and some exorbitant interest rate. “What suckers” I thought. I’ll charge some stuff and then default on them like I’ve done to everyone else foolish enough to give me a chance. + +But, something had happened to me. I had matured. I wanted to set a good example for my children. I wanted the endless collection calls and letters to eventually stop. Folks, I had become “responsible”. + +Over the years, I’ve maintained a love / hate relationship with that Bank of America card. It was my rock. If I needed vehicle repairs, if the kids needed school clothes, hell sometimes just for gas to get me to payday, old reliable was there. Anytime I got close to my credit limit, the fine folks at Bank of America would raise it ever so slightly, just enough to incentivize me to keep on chargin’. I was paying over $300 a month in minimum payments at one point. + +The more I charged, the higher my credit limit would go, as long as I wasn’t missing payments. It was like Bank of America was my drug dealer. Do you want to know how high they raised my credit limit? + +$40,900!! Meaning I probably had $40,500 on that card at one point. Folks, I wasn’t even grossing $40,000 a year, but that apparently didn’t matter. + +I still have that credit card to this day, with a zero balance. I keep it in case I’m ever diagnosed with a terminal illness, in which case I’ll use it to travel around the world and default on the bills. +Sorry if this is a naively simple question. I've heard a few times (a few Noam Chomsky interviews, a few headlines, replies here on Reddit) that the US economy has been bad for 30 years. I'm 40, but even though I was 10 at the time, I don't recall later learning of any specific incident. + +Was there some kind of relaxation of regulations? Or is this number something that people have been pulling out of their ass? + +Hi guys this is my first post here! + +I'm no financial expert, but it seems like if you agree to a credit card company's interest rate, and run a balance at that interest rate, that balance should be locked in at the initial interest rate. + +Now if you make a late payment and they raise your rate (like straight from 14% to 29.99% in my case), then first and foremost they should have to notify you of the increase. Second, all purchases made after that rate increase date should be applicable at the 29.99%, but everything before the rate increase date should still accrue balance at the initial interest. + +My reasoning here is that every purchase is like a mini-contract or agreement with the company to pay back the cost of the item plus interest. So why should they get to decide down the road that you have to pay over twice as much interest? That wasn't the agreement. + +And the "cardholder's agreement" is so purposefully daunting that I don't think it holds much sway in this argument. If in the fine print of a software user agreement it said that the software could corrupt your files as it saw fit I think a judge might throw out the agreement. + + +/end rant + +edited: formatting +Does anybody on Reddit work as an economist or other related job? I'm currently about to enter college and thinking about majoring in econ...What kind of work do you do? What are you favorite and least favorite parts of the job? +Here a little weekend hype/hopium for any individual investor of GME. + +One my personal favorite parts of being an individual investor of GME is all the amazing DD that people have written. I know that the main reason I am not panicking about the uncertainty of the global economy right now is because I've read DD that has foretold everything from Evergrande imploding to the US dollar spiking while the rest of the world currencies simultaneously crash. + +I am so grateful, as an individual investor, to have these fellow individual investors share their amazing wealth of knowledge with us. + +One of my personal favorite bits of DD would definitely be the DRS ♾️Pool thesis. + +However, I think my all time favorite GME thesis would be the "black hole thesis". + +For those unfamiliar, essentially SHFs have oversold so many synthetic shorts-combined with individual investors DRSing their shares-- there would eventually come a time when GME becomes a black hole on the NYSE, **absorbing all the value of the market as SHFs sell everything they own to buy GME** + +You know, because shorts never closed and all. + +Well I believe that on March 14th 2022 that black hole formed. + +Now, saying as I discovered this black hole, I believe I have the right to name it. Isn't that how it works in the astronomy field? + +If so, I'd like to name this black hole: +#BlackHole:DRSGME + + + +What's so significant about March 14th, 2022? + +[The S+P 500 officially entered into a "Death Cross".](https://www.bloomberg.com/news/articles/2022-03-14/s-p-500-slides-into-death-cross-after-13-drop-from-january-peak) + +[Here's a post by another individual investor of GME that highlights the significance of this "death cross" compared to other "death cross's"](https://www.reddit.com/r/Superstonk/comments/xt5z20/comment/isck38n/) + +**I believe that the moment the S+P 500 entered it's death cross, that BlackHole:DRSGME formed.** + +Don't believe me? + +Take a look at how GME has performed compared to these blue chip stocks since the S+P 500 entered it's death cross. + +I believe March 14 2022 is the date that we saw the DRS floor take hold. Since then, GME has NEVER been pushed lower. Meanwhile, every other blue chip stock besides McDonalds and Starbucks is down- AND DOWN BIG. + +Typing this makes another bit of DD come to mind. Something about "negative beta". + +Can anyone tell me that GME has not confirmed the "negative beta" DD, at least since S+P500 entered the "death cross" **over two full quarters ago** ? + + + +(All data from Yahoo finance historical data) + +STOCK PERFORMANCE OVER LAST 7 MONTHS + + + + + Price at Price at + + Market Close Market Close %Change + + 3/14/22 10/13/22 + + + + + +AAPL: $150.62 $142.99 -5.06% + +AIG: $57.51 $50.94 -11.41% + +AMZN: $140.88 $112.53 -20.12% + +AXP: $172.79 $141.55 -18.07% + +BAC: $41.20 $31.69 -23.08% + +BRK.A: $493,785 $415,222 -15.91% + +BTC: $37,680 $19,757 -47.56% + +C: $54.23 $42.95 -20.8% + +CAT: $215.44 $183.14 -14.99% + +CMCSA:$44.97 $30.23 -32.77% + +COIN: $153.19 $69.26 -54.78% + +CS: $7.63 $4.53 -40.62% + +DIS: $129.03 $96.64 -25.1% + +ETH: $2590 $1336 -48.41% + +F: $15.74 $11.77 -25.22% + +FB: $186.63 $130.29 -30.18% + +GE: $92.45 $67.94 -26.51% + +GOOG:$126.74. $99.71 -21.32% + +GS: $324.98 $307.07 -5.51% + +HD: $318.36 $282.83 -11.16% + +JNJ: $171.69 $165.15 -3.8% + +JPM: $130.17 $109.37 -15.97% + +KO: $58.54 $55.87 -4.56% + +KR: $55.42. $46.57 -15.96% + +LMT: $444.45 $405.96 -8.66% + +MA: $328.59 $293.96 -10.53% + +MCD: $226.18 $246.75 +9.09% + +MS: $84.72 $79.32 -6.37% + +MSFT:$276.44 $234.24 -15.26% + +NFLX: $331.01 $232.51 -29.75% + +NKE: $117.57 $89.56 -23.82% + +SBUX: $79.29 $89.37 +12.71% + +TM: $161.09 $136.38 -15.33% + +TSLA: $255.46 $221.72 -13.2% + +UNH: $487.92 $509.91 +4.5% + +V: $200.33 $184.66 -7.82% + +WFC: $49.86 $42.38 -15% + +WMT: $144.05 $132.28 -8.17% + + + +#**GME: $19.53 $25.56 +30.87%** + + + + + +Who's the dumb money? Who's the meme stock?? + +LFG!!!! + +**If you as an individual investor are interested in GME you can buy and DRS GME @ComputerShare.com** +Today, I was in business class. I was sitting in the back while a video of some Greek dude buying a restaurant was playing on the projector up front. The other people in the back and I started up a conversation about our jobs. I mentioned something to the guy next to me about how my writing was going (I write articles for bitcoin [He knew this beforehand]) and the others seem interested. I explained to them what I do (they seemed to at least have a bit of understanding about bitcoin) and we pulled up one of the sites I work for on someone's laptop. Teacher came by to see what we were up to, and we explained. The teacher simply said, "Bitcoins." and started laughing and then walked away. + +It made me sad. +Welcome to the Weekly ICO 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 current and upcoming ICOs. + +*** + +Enjoy! +He said something along the lines of sharks and lions both existing side by side as apex predators. Makes sense, as lions run the land, and sharks run the oceans, but is this a fair comparison when discussing cryptocurrency? +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! + +oops. i just now realized that i forgot to add a question mark at the end of the post title, now my post looks like an instruction post when its just a question from me. sorry about that. I have a bunch of these randomly airdropped erc 20 tokens appearing on my eth address under tokens. Its really annoying to when i am just wanting my actual tokens to be listed , these free rogue airdrops clutter the list . Is there anyway to remove them from my address? +"And for those who suggest Nakamoto Consensus has to be upheld as it’s too fundamental, ponder upon exactly what that is. It allows untrusted actors to make a decision by consensus. It says nothing about immutability, protocols, thefts, DAOs, casinos, exchanges, smart contracts, etc. Human beings make those decisions, human beings agree protocols, human beings adapt systems, human beings take the consequences." Agree ! So let's act, or the entire ecosystem will pay the consequences. + +https://medium.com/@Alex_Amsel/the-150m-was-stolen-from-ethereum-itself-and-must-be-returned-dc7cf09b2cc9#.qeswzbn6f +Does anyone wonder why all the sudden for the last 2-3 years, new houses have not being built fast enough so house prices has to go up, all the sudden vacancy rates is at all time low, while immigration has reduced/stopped during COVID? + +Where’s all these “new” people coming from? +I couldn’t really find a more appropriate subreddit so here goes. It’s got a finance flavour so everyone chill out. + +To get straight to the point, my boss, other than being an awful person, quite often pushes and bullies people to do things that are unethical and against the banking practices that we need to abide by. I really want to report him to something or someone but I’m concerned that either my feedback will disappear into space (like normal) or I’ll somehow become a target for him. I have no faith in our internal systems as our HR and upper management turn a blind eye to these issues. + +What resources are available for bank staff in Australia to report specific incidents whilst remaining anonymous? I’ve gone down a couple channels internally and they all reverted me back to my people leader...who is the guy that needs to be investigated. Bleh. +The Dow has risen almost 30,000 points since the aliens landed and started vaporizing humans around the globe 7 days ago. As shocking as this rise has been, the president has offered some great responses to why the market has spiked this much. + +"The aliens have been very nice, very nice I mean that, maybe not as nice as they could be, but I think they're very nice wouldn't you agree? I mean we're nice to them right? That's why they're nice to us. Not as much as us though. I think we're nicer." + +When asked to clarify his statement on the markets as we asked, the president responded with: + +"They're killing lots of people some of which are very bad to the economy very bad if you ask me. A lot of people agree with me believe me you see. By getting rid of the bad people in the economy the economy goes up very high we have a great economy don't we? A very big, very huge booming economy, probably the best in the history of presidents ever." + +We also caught up with the head of the Fed a few hours later and he added his thoughts on the matter: + +"Money printer go brrrrrrrrrrr" + +Just simply inspiring. Even as I finish typing up this article, Dow futures are up 6000 points as reports that the aliens have vaporized the entire state of Florida roll in. Will our economy ever stop it's massive bull run? Incredible. +From my last post I discovered how knowledgeable we all are. There were some fantastic tips. So in these trying times of shutdowns we need to share more. Post up tips and advice and recipes. And ask for advice. Your local shops are out of something but you have this in your pantry then maybe someone can tell you how to turn x into Y! +>**"We have a lot of work in front of us and it will take time. We are trying to do something that nobody in the retail space has ever done, but we believe we are putting the right pieces in place and we have clear goals: delighting customers, and driving shareholder value for the long term. You won’t find us talking a big game, making a bunch of lofty promises or telegraphing our strategy to the competition. That’s the philosophy we adopted at Chewy. We’re fortunate to have such a special group of investors holding the company’s shares. You guys inspire us to think bigger, fight harder and work longer each day. Moving forward, we want you to judge GameStop based on our actions, not our words. Thank you everyone, and as my dad would say, 'Buckle up'."** *- Ryan Cohen* + +https://preview.redd.it/80om1kj1tbh71.jpg?width=300&format=pjpg&auto=webp&s=50d29df0da5ef168c036b80ce3cc5515bdf50ed1 + [https://www.bls.gov/news.release/cpi.nr0.htm](https://www.bls.gov/news.release/cpi.nr0.htm) + + The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. + + Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. These increases were partly offset by a 4.9-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased. + + The index for all items less food and energy rose 0.6 percent in September, as it did in August. The indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and operations, and education were among those that increased over the month. There were some indexes that declined in September, including those for used cars and trucks, apparel, and communication. + + The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller figure than the 8.3-percent increase for the period ending August. The all items less food and energy index rose 6.6 percent over the last 12 months. The energy index increased 19.8 percent for the 12 months ending September, a smaller increase than the 23.8-percent increase for the period ending August. The food index increased 11.2 percent over the last year. +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? +Hello everyone! First time poster, long time lurker. + +Just hit 300k NW! Most of it in index funds. Some info about my journey thus far. + +**Backstory:** Parents immigrated to America from the soviet bloc in the 1980s. My dad literally came into the US in his 20s with a suitcase and $400. He is now nearing traditional retirement and has a NW of over 5M. American Dream is still very much alive! I had a relatively easy upper-middle class childhood. Went to a local community college for 2 years before transferring to an in-state university. I worked during school and split tuition costs 50-50 with my parents. Graduated debt free. + +**Age:** 26 + +**Family:** Married with 2 boys (2 year old & 1 month old) + +**Occupation:** Electrical Engineer + +**Income:** + +\- 2016: Graduated college. Landed first job which paid 60k + +\- 2017: Same job, 64k. + +\- 2018: Girlfriend stuck around after I got laid off so naturally I wife'd her! Found a new job paying 75k. + +\- 2019: Landed dream job with major Aerospace company. 'Only' 87k but with MUCH better benefits. Also had our first boy. Wife became a stay-at-home mom. + +\- 2020: Same job, 89k. Due to COVID we began working virtually. Wife started side business. + +\- 2021: Same job, 93k. Significant promotion imminent. Wife's business now regularly netting over $1,000/mo. Had our second boy. After repeatedly pushing back the date when we would return to the office, company announced my job will remain virtual even after COVID. + +**Debt:** No debt! + +**Additional Details**: Since I started working remote, my desire to FIRE has only increased. Being home and seeing my kids grow up, having more free time and the freedom to plan my day how I want it is awesome. + +**Advice for those wanting to FIRE with a growing family:** Kids aren't as expensive as everyone makes them seem. I lucked out with my health plan ($900 family deductible) and also with a super thrifty wife who manages to find everything we need for pennies on the dollar at local thrift stores/yard sales. My net annual savings rate hasn't really changed since having kids. Now I'm not going to say it's easy, but if you're already relatively frugal, adding kids into the equation shouldn't affect your FIRE journey all that much. + +**Finances:** My wife and I are Christians, so giving to charities is something important to us. We give generally about 10% of our take home income to missionaries, outreaches and local community non-profits. I realize this may push back out FIRE date, but we are ok with that. Other than that we have a pretty good savings rate, maxing out my ROTH IRA and almost maxing out my 401k. + +**Plans for the Future:** All my current projections have me hitting my FIRE number by my mid 40's. We do eventually want to move to a lower COL area, and start our own homestead. When the housing/lumber market dips, we'll probably buy and build. + +This isn't your typical FIRE journey, but I still believe reaching FIRE at a (relatively) young age is still possible with a growing family and a non-software career. +Long story short, my father passed away in Greece back in October, without a will. He has a massive amount of debt owed to the Greek banks, a plot of land in Crete, and a flat in Athens. Both properties are underwater. From what i've been told by my uncle, i have to go to the Greek embassy in NYC to allow power of attorney to someone over there to formally renounce my claim to my "inheritance". + +Do i really have to go through all that? I haven't spoken to my father in the 9 years that preceded his death. Can the Greek government/ banks really come after me for his debts if i do nothing? + +I'm not sure how American policy handles such things. + +Thanks in advance. +Hi folks, hope you’re well. I’d like to just ask the swing traders in this subreddit. For any swing trader that’s been consistently profitable for at least a year or longer, I’m just wondering if you ever go through a period of, say, two or three months where you don’t make a profit due to either a losing streak or maybe that the conditions aren’t yet favorable to your trading strategy. + +My question centers around whether it is normal for a swing trader to have this dip in their performance. Any insights regarding this will be greatly appreciated (thanks in advance, good people). + +Peace +Should I go for it? Basically my life is currently in ruins, my gf is breaking up with me and kicking me out (apt under her name I know I played myself, I trusted her completely). I don't like the job I'm at anyway so I'm thinking of leaving it and taking this as a rebuilding opportunity. Forex is something I've been toying with for awhile but haven't been able to dedicate myself with work, gf and friends. + + +I have property out of the country I can stay in, so I can rent out a room and live off of that money. I have a car there as well... I can effectively work on forex as my full time job. My fear is if I'm horrible at it and completely bomb... It's hard to grasp exactly what I can get out of it because it seems like your success depends so much on your personal dedication and skill. + + +I'm thinking of about a 6 month timeline at first to see how it goes, and extending to a year as long as I've been making SOME sort of progress. My goal is to hit a point where I can support myself through forex and move back to where I am now. I need about 2.5-3k cad a month to make it work here, and I would continue to try growing that but that's my first big goal. I KNOW it's dumb to ask how much I can make, I just want to know is this POSSIBLE, does this plan make sense or am I being a fool? +Kinda like how Ichimoku is an "all in one" just wondering if anyone knows any others, that actually work, preferably on the daily chart. Thanks in advance! +I lurk here and never post or comment just because I like to take in information to help on my journey. + +However, I can’t help but mention a trend of user comments on being skeptical of if someone is telling the truth on being successful in trading or even believing that it’s possible in the first place because no one can prove it.